TEN ALLIED CO.,LTD.
8207・Standard Market・Retail Trade
TEN ALLIED CO.,LTD. (Single Segment: Food Service Industry)
A company operating izakaya and Japanese-style restaurant chains within the domestic food service industry as a single segment
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales | ¥12,093 million | ¥11,887 million | ↑ |
| Operating Income (Loss) | -¥120 million | ¥232 million | ↓ |
| Ordinary Income (Loss) | -¥116 million | ¥229 million | ↓ |
| Net Income (Loss) Attributable to Owners of Parent | -¥462 million | ¥145 million | ↓ |
| Total Assets | ¥6,788 million | ¥7,541 million | ↓ |
| Net Assets | ¥2,737 million | ¥2,891 million | ↓ |
| Equity Ratio | 40.3% | 38.3% | ↑ |
| Operating Cash Flow | ¥49 million | ¥293 million | ↓ |
| Cash and Cash Equivalents at End of Period | ¥2,567 million | ¥3,302 million | ↓ |
| Net Income (Loss) per Share | -¥11.61 | ¥3.91 | ↓ |
| Net Assets per Share | ¥29.42 | ¥32.26 | ↓ |
| Number of Stores at Fiscal Year-End | 102 stores | 100 stores | ↑ |
Business Details
TEN ALLIED CO.,LTD. is a food service company operating seven business formats: Shunsen Sakaba Tengu, Washoku Restaurant Tengu, Tengu Sakaba, Kandaya, Tengu Dai Hall, Meat Kitchen log50, and Minatoya Isokichi Shokudo. The company also conducts in-house manufacturing through its Central Kitchen, producing soba, gyoza, desserts, and other items internally. Revenue is composed of food and beverage sales, with all revenue generated domestically. As of the end of FY2026 (ending March 2026), the company operated 102 stores (including 1 franchise store).
Recent Overview
Despite an increase in sales, the company fell into operating and net losses due to soaring procurement and labor costs along with a series of extraordinary losses
In FY2026 (ending March 2026), net sales increased to ¥12,093 million (up 1.7% year on year); however, due to rising procurement costs of ¥3,607 million (up ¥228 million year on year) and labor costs of ¥4,765 million (up ¥196 million year on year), total selling, general and administrative expenses swelled to ¥8,606 million, resulting in an operating loss of ¥120 million. Furthermore, extraordinary losses of ¥294 million occurred, including impairment losses of ¥186 million, lease cancellation losses of ¥85 million, and provision for store closure losses of ¥11 million, leading to a net loss attributable to owners of parent of ¥462 million. A change in the estimate of asset retirement obligations (an increase of ¥49 million) also pushed up the operating loss by ¥47 million. For the following fiscal year (FY2027, ending March 2027), the company forecasts a recovery to net sales of ¥12,903 million, operating income of ¥109 million, and net income of ¥48 million.
Key Products
Growth Drivers
- Increase in existing-store sales driven by the continued normalization of economic activity and recovery in inbound tourism demand
- Improved customer traffic and strengthened store profitability through business format conversion (development and rollout of double-cropping formats) in response to consumer needs
- Improved profitability through the promotion of store operational efficiency
- Enhanced customer satisfaction through value-added initiatives (procurement of high-quality ingredients, low-price offerings, staff training, and thorough hygiene management)
- Cost management through enhanced in-house product development and expansion of the private brand at the Central Kitchen
Risks
- Soaring procurement costs (ingredients and energy resources): continued upward pressure due to worsening international conditions, yen depreciation, and U.S. policy trends
- Rising labor costs due to labor shortages: selling, general and administrative expenses trending upward due to rising wage rates; labor costs for FY2026 (ending March 2026) were ¥4,765 million, up ¥196 million year on year
- Risk of impairment losses and store closure losses: in FY2026 (ending March 2026), the company recorded impairment losses of ¥186 million, lease cancellation losses of ¥85 million, and provision for store closure losses of ¥11 million
- Risk of changes in estimates for asset retirement obligations: re-estimation of restoration costs pushed up the operating loss for FY2026 (ending March 2026) by ¥47 million
- Uncertainty in the calculation of retirement benefit obligations: fluctuations in discount rates, turnover rates, salary increase rates, and other factors could materially affect financial figures
- Significant contraction in operating cash flow: declined to ¥49 million in FY2026 (ending March 2026) from ¥293 million in the prior period, with cash balances falling to ¥2,567 million
Last updated: June 24, 2026