Worth reading
56In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
307
¥100 million (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationThird quarter of the fiscal year ending December 20269 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥3,704 hundred million+9.0%
Operating profit¥264 hundred million+10.5%
Ordinary income¥229 100 million +7.8%profit before tax
Net income¥160 100 million +16.5%profit for the quarter
Gross Profit Margin66.5
Operating profit margin7.1
Selling, general and administrative expenses2,197 billion yen labor costs of ¥118.6 billion + other SG&A expenses of ¥101.1 billion
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Tracking as planned / progressing well against the revised guidanceBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Same-store total¥140 hundred million
- New stores and format conversions, total¥195 hundred million
- Inflation¥-100 hundred million
- Existing-store growth and cost-reduction measures¥94 hundred million
- New stores and format conversions¥20 hundred million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Annual inflation assumption¥145 hundred million
- Expected annual benefit from cost reduction measures¥40 hundred million
- FY2026 full-year same-store sales year-on-year revised guidance106 %
New initiatives
- Acquisition of shares in Shin-Shin, a limited company (scheduled for 30 November 2026)
- Making Skylark Restaurants an operating company and transitioning to a new management structure
- Nationwide and overseas expansion of Shin-Shin, use of central kitchens, and a new store model leveraging yatai culture
- Mrs. GREEN APPLE tie-up, health-conscious menu items, and winter fair menu
- Evaluation systems, incentive systems and DX initiatives under store-centered management
Key KPIsA metric the company considers important as a management benchmark.
- Same-store revenue year on year105.8 %
- Same-store customer traffic year on year101.1 %
- Same-store average spending per customer year on year104.6 %
- Adjusted EBITDA¥687 hundred millionYear on year against the same period last year+6.8%
- ROE10 %Year on year against the same period last year+0.2%
- EPS83.6 yen
- BPS871 yen
- Equity ratio34.3 %
- Net debt-to-equity ratio0.54 Times
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Same-store customer traffic year on year101.1 %
- Same-store average spending per customer year on year104.6 %
Medium-term management plan targets
- Same-store sales growthTargetAnnual average of 3–4%
- New domestic store openingsTargetApproximately 300 stores over 3 years
- International expansionTargetApproximately 100 stores over 3 years
- M&A StrategyTargetApproximately 3–5 deals
Market Size / Share
- 2026 domestic foodservice market size (forecast)¥27 trillion
- Market share of the top 4 companies in each category
Number of stores and locations
Number at period-end3,226 stores across the Group (at the end of September 2026)
Number of store openings and closures during the period41 new store openings, 42 format conversions, 44 closures, 35 closures due to format conversions, and 159 remodels
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Third quarter of the fiscal year ending December 2026 |
| Net Sales | ¥3,704 hundred million (YoY +9.0%) |
| Operating profit | ¥264 hundred million (YoY +10.5%) |
| Ordinary income | ¥229 100 million (profit before tax) (YoY +7.8%) |
| Net income | ¥160 100 million (profit for the quarter) (YoY +16.5%) |
| Gross Profit Margin | 66.5 |
| Operating profit margin | 7.1 |
| Selling, general and administrative expenses | 2,197 billion yen (labor costs of ¥118.6 billion + other SG&A expenses of ¥101.1 billion) |
| Self-assessment against the plan | Tracking as planned / progressing well against the revised guidance |
| Breakdown of Factors Affecting the Change | Factors Same-store total / Amount ¥140 hundred million, Factors New stores and format conversions, total / Amount ¥195 hundred million, Factors Inflation / Amount ¥-100 hundred million, Factors Existing-store growth and cost-reduction measures / Amount ¥94 hundred million, Factors New stores and format conversions / Amount ¥20 hundred million |
| Key KPIs | Indicator name Same-store revenue year on year / Value 105.8 % / Year on year against the same period last year Not disclosed, Indicator name Same-store customer traffic year on year / Value 101.1 % / Year on year against the same period last year Not disclosed, Indicator name Same-store average spending per customer year on year / Value 104.6 % / Year on year against the same period last year Not disclosed, Indicator name Adjusted EBITDA / Value ¥687 hundred million / Year on year against the same period last year ¥6.8 hundred million, Indicator name ROE / Value 10 % / Year on year against the same period last year 0.2 %, Indicator name EPS / Value 83.6 yen / Year on year against the same period last year Not disclosed, Indicator name BPS / Value 871 yen / Year on year against the same period last year Not disclosed, Indicator name Equity ratio / Value 34.3 % / Year on year against the same period last year Not disclosed, Indicator name Net debt-to-equity ratio / Value 0.54 Times / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Indicator name Same-store customer traffic year on year / Value 101.1 %, Indicator name Same-store average spending per customer year on year / Value 104.6 % |
| Number of stores and locations | Number at period-end 3,226 stores across the Group (at the end of September 2026) / Number of store openings and closures during the period 41 new store openings, 42 format conversions, 44 closures, 35 closures due to format conversions, and 159 remodels |
| Assumptions Underlying the Business Outlook | Item Annual inflation assumption / Value ¥145 hundred million, Item Expected annual benefit from cost reduction measures / Value ¥40 hundred million, Item FY2026 full-year same-store sales year-on-year revised guidance / Value 106 % |
| Medium-term management plan targets | Item Same-store sales growth / Target Annual average of 3–4%, Item New domestic store openings / Target Approximately 300 stores over 3 years, Item International expansion / Target Approximately 100 stores over 3 years, Item M&A Strategy / Target Approximately 3–5 deals |
| Market Size / Share | Item 2026 domestic foodservice market size (forecast) / Value ¥27 trillion, Item Market share of the top 4 companies in each category / Value Not disclosed |
| New initiatives | Acquisition of shares in Shin-Shin, a limited company (scheduled for 30 November 2026), Making Skylark Restaurants an operating company and transitioning to a new management structure, Nationwide and overseas expansion of Shin-Shin, use of central kitchens, and a new store model leveraging yatai culture, Mrs. GREEN APPLE tie-up, health-conscious menu items, and winter fair menu, Evaluation systems, incentive systems and DX initiatives under store-centered management |
Items this document does not state (13)
Results for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSegment resultsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Sustained growth at domestic existing stores, planned store expansion, same-store sales growth and cost reduction measures, and new store openings and format conversions are cited as factors behind the increases in revenue and profit. Against ¥10 billion of inflation, ¥9.4 billion was offset by same-store sales growth and cost reduction measures, and ¥2 billion by new store openings and format conversions.
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