GOURMET KINEYA CO.,LTD.
9850・Prime Market・Retail Trade
Restaurant Business
The group's core business, operating multiple formats nationwide centered on udon and soba.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (external customers) | ¥24,362 million | ¥24,562 million | ↓ |
| Segment profit | ¥239 million | ¥411 million | ↓ |
| Segment assets | ¥10,527 million | ¥11,569 million | ↓ |
| Depreciation | ¥326 million | ¥502 million | ↓ |
| Capital expenditure | ¥749 million | ¥791 million | ↓ |
| Number of stores at fiscal year-end | 359 stores (including 84 franchise stores) | 375 stores (including 87 franchise stores) | ↓ |
Business Details
Subsidiary Gourmet Kineya Restaurant Co., Ltd. operates multiple formats on a consignment basis from the Company, including the udon division (Kineya, Mugimaru, etc.), soba division (Sojibo, etc.), Japanese cuisine division (Osaka Kizu Ichiba Tenhana, etc.), Asian and other division (Yaomi, etc.), and ramen division. As of the end of FY2026 (ending March 2026), the group operated 359 stores (including 84 franchise stores) across 34 prefectures. This is the core segment, accounting for ¥24,362 million in external customer revenue against total group revenue of ¥44,089 million.
Recent Overview
Revenue and profit declined due to store closures exceeding openings and soaring raw material and labor costs. Price revisions were implemented across nearly all formats.
In FY2026 (ending March 2026), the Restaurant Business posted revenue of ¥24,362 million (down 0.8% year on year) and segment profit of ¥239 million (down 41.8% year on year). Amid soaring construction costs, new store openings were limited to 5, while 21 stores closed and 3 changed formats, reducing the store count to 359 at fiscal year-end. Profit was pressured by delayed cost pass-through amid rising prices for items such as rice, increased labor costs from minimum wage hikes, and higher repair expenses. Price revisions were implemented across nearly all formats, and in the soba format, quality improvement measures such as noodle improvements were pursued in parallel. The Company actively participated in the Osaka-Kansai Expo to raise brand recognition.
Key Products
Growth Drivers
- Continued expansion of inbound demand (increased customer traffic at stores located in airports and event venues)
- Penetration of price revisions across nearly all formats, boosting average customer spend
- Initiatives to re-establish recognition of and expand the added value of house-made noodles, centered on the founding brand "Kineya"
- Selective store opening strategy focused on highly competitive locations and formats to prioritize investment efficiency
- Securing customer traffic through SNS utilization and seasonal promotions
- Increased brand recognition and exploration of new business opportunities through participation in the Osaka-Kansai Expo
Risks
- Rising raw material costs, including rice, and delayed cost pass-through leading to increased costs
- Continued increase in labor costs due to minimum wage hikes and other factors
- Rising costs of new store openings and constraints on store opening plans due to soaring construction costs
- Decline in store count and reduced sales scale due to store closures exceeding openings (FY2026 (ending March 2026): 5 new openings vs. 21 closures)
- Risk of continued impairment losses (¥399 million in FY2026 (ending March 2026); ¥515 million in FY2025 (ending March 2025))
- Rising energy costs such as utilities
- Profit pressure from increased repair expenses
Last updated: June 22, 2026