KOZO Holdings Co., Ltd.
9973・Standard Market・Retail Trade
Retail Business
Retail sales segment combining takeout sushi, supermarkets, and delivery
| Period | Current | Previous | Change |
|---|---|---|---|
| Sales (segment total, external customers) | ¥1,260 million (Q1 FY2026, ending December 2026) | ¥1,294 million (Q1 FY2025, ending December 2025) | ↓ |
| Segment loss | -¥12 million (Q1 FY2026, ending December 2026) | -¥8 million (Q1 FY2025, ending December 2025) | ↓ |
| Number of stores | 156 stores (end of Q1 FY2026, ending December 2026) | 167 stores (same period prior year) | ↓ |
Business Details
Kozo Sushi Co., Ltd. operates directly-owned and franchised takeout sushi stores under the "Kozo Sushi" and "Chagetsu" brands, while Daimaru Co., Ltd. operates the "Daimaru Store" supermarket chain. From Q1 FY2026, Deliz Co., Ltd., the delivery business, was transferred from the Distribution segment to this segment. The segment aims to improve profitability by pursuing a dominant store-opening strategy and in-store openings in regional areas, alongside withdrawal from unprofitable stores.
Recent Overview
Sales down 2.0% year on year; segment loss widened compared to the prior year
In Q1 FY2026 (ending December 2026), sales in the Retail and Sales segment were ¥1,260 million (down 2.0% year on year), and the segment loss was ¥12 million (compared with a loss of ¥8 million in the same period prior year). Profit and loss were pressured by rising raw material prices, particularly rice, increased labor costs, higher fee burdens associated with growing delivery demand, and operational constraints from snowfall on the Sea of Japan side. Meanwhile, Deliz received Uber Eats' "Premium Partner" certification, showing signs of improving profitability. The number of stores decreased by 11 year on year to 156.
Key Products
Growth Drivers
- Concentrated store openings in regional areas through a dominant store-opening strategy and in-store openings (replacement store-opening strategy) at supermarkets and retail stores
- Improved profitability through withdrawal from unprofitable stores and more sophisticated cost control
- Enhanced external platform evaluation and user growth for Deliz following its Uber Eats "Premium Partner" certification
- Expansion of the "Kozo Sushi" brand in Europe through overseas franchise development in the UK and Germany
- Improved profitability at Daimaru Store through strengthening of the prepared foods department
- Development of new sales channels, including the start of product supply to welfare facilities
Risks
- Continued pressure on profit and loss from rising raw material prices, particularly rice, and increasing labor costs
- Increasing burden of delivery platform fees amid growing demand for home delivery
- Sluggish sales and profitability at Daimaru Store due to intensifying competition from large-scale retailer entrants
- Risk of top-line contraction due to declining store count (down 11 stores year on year)
- Downward pressure on customer traffic and average spending per customer amid weak personal consumption
- Risk of operational constraints due to weather factors such as snowfall on the Sea of Japan side
- Risk of continued loss expansion without revenue growth due to group cost allocation adjustments
Last updated: March 30, 2026