HACHI-BAN CO.,LTD.
9950・Standard Market・Retail Trade
Business
Hachiban Co., Ltd. was founded in 1967 and is headquartered in Kanazawa City, Ishikawa Prefecture, listed on the TSE Standard Market as a restaurant and food group. In its core restaurant business, it operates as the franchise headquarters for the "Hachiban Ramen" chain, running 125 domestic locations (114 ramen shops and 11 Japanese-food restaurants), while its overseas business spans 178 locations in total—175 in Thailand and 3 in Vietnam. Its wholesale business also handles food wholesaling and online retail leveraging the "Hachiban Ramen" brand. In FY2026 (ending March 2026), operating revenue reached ¥8,644 million, with total store count reaching 303, making it a diversified restaurant and food company built on the twin pillars of domestic FC chain operations and Southeast Asian expansion.
Business Model
In Japan, the company collects royalties equivalent to 4% of sales and advertising cost-sharing fees equivalent to 1% of sales from franchised stores, while also earning manufacturing and wholesale revenue by supplying ingredients and seasonings produced at its own factories to franchisees, forming a dual revenue structure. Overseas, it combines the provision of brand and know-how to area license partner companies with soup and extract manufacturing and sales by its Thai subsidiary, securing manufacturing revenue in addition to royalties.
Company Strengths
Founded in 1967, "Hachiban Ramen" celebrated its 50th anniversary in 2017 and has built a brand deeply rooted in the community, primarily in the Hokuriku region, over many years. The company has established a network of 303 stores in total—125 domestic franchise stores and 178 overseas stores—maintaining over the long term a framework that enables franchisees to operate independently and continue their businesses.
Domestically, in addition to royalties (4% of sales) and advertising cost-sharing (1%), the company has diversified its revenue through the supply of in-house manufactured ingredients from its head office plant (in Kawakita-machi, Ishikawa Prefecture) and central kitchen. Overseas, the Thai subsidiary DOUBLE FLOWERING CAMELLIA CO., LTD. manufactures and sells liquid seasonings and soup extracts, with both sales and profit remaining solid in FY2026 (ending March 2026) as well.
The head office plant obtained certification under "ISO22000:2018," the international standard for food safety management systems, in February 2020. In February 2023, the Izumigaoka store of Hachiban Ramen also obtained the same certification, establishing a food safety management system based on international standards spanning from manufacturing to store operations.
ENVALITH's Perspective
Performance Trend
Revenue grew for a fifth consecutive fiscal year, rising from ¥5,401 million in FY2022 to ¥7,730 million in FY2026 (up 4.8% year on year in FY2026). Operating profit, however, turned around from a loss of ¥343 million in FY2022 and improved to ¥264 million in FY2025, only to plunge to ¥4 million in FY2026 (down 98.2% year on year). External factors—persistently elevated raw material prices and wage-increase pressure—hit directly, pushing total selling, general and administrative expenses up ¥399 million, from ¥3,479 million in the prior period to ¥3,878 million. Ordinary profit of ¥207 million and net profit of ¥60 million rely on non-operating income such as dividends received and foreign exchange gains, making clear a qualitative deterioration in which the company achieved higher sales while its core business came to the brink of a loss. The forecast for FY2027 (ending March 2027) calls for a gradual recovery, with operating revenue of ¥9,857 million and operating profit of ¥66 million.
Growth Strategy
Aiming for sustainable growth through three axes: brushing up domestic FC operations, diversifying Japanese cuisine offerings, and accelerating overseas expansion
Rolling out "Kanazawa Shoyu Tonkotsu Hachiban Ramen" as a remodel format designed to build the Hachiban Ramen brand outside existing store areas. Aims to geographically expand brand recognition and acquire new customer segments. Continued rollout in FY2026 (ending March 2026).
Sold 17 limited-time products over the full year of FY2026 (ending March 2026), including vegetable tomato ramen using "Koshi no Ruby" tomatoes, the "Shiroi Hachiban Matsuri" series, and simmered pork belly cartilage ramen. Lucky bag sales were also conducted, contributing to increased customer traffic and new customer acquisition.
Operating 175 stores in Thailand and 3 stores in Vietnam, achieving a net increase of 8 stores overseas compared to the previous fiscal year-end. Manufacturing and sales of liquid seasonings remained solid in both revenue and profit. Also working on manufacturing and selling halal products to develop new markets. Monitoring the border dispute between Cambodia and Thailand.
Investment in human capital that supports food safety, security, and QSC improvement is explicitly stated as a management policy. The increase in salaries and allowances (from ¥1,315 million in the previous fiscal year to ¥1,501 million in the current fiscal year) reflects responses to hiring difficulties and wage increases, with securing and retaining human capital serving as the foundation for medium- to long-term competitiveness.
Last updated: July 19, 2026