Worth reading
89Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
107.4
% (year-on-year increase in net sales)Wording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2027, second quarter (interim period)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales1,551 Millions of yen+107.4%
Operating profit17 Millions of yen+435.3%
Ordinary income41 Millions of yen+104.4%
Net income35 Millions of yen+153.3%
Full-year earnings forecast
Net Sales
3,600 Millions of yen
Adjusted EBITDA
250 Millions of yen
Operating profit
136 Millions of yen
Ordinary income
111 Millions of yen
Net income attributable to owners of the parent
53 Millions of yen
Earnings per share
1.4 Yen
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales43.1%
Adjusted EBITDA28.0%
Operating profit13.1%
Ordinary income37.3%
Net income attributable to owners of the parent67.2%
Earnings per share68.6%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Revenue growth in the food-service business¥540 million
FoodTech DX business revenue (SBWorks contribution to consolidated results)¥274 million
FoodTech DX business segment profit (SBWorks contribution to consolidated results)¥14 million
Subsidy income¥22.1 million
Gain on sale of non-current assetsGain on sale of fixed assets: ¥36.1 million
Losses due to impairment, temporary closures, etc.Impairment losses and losses from temporary closures, etc.: ¥4.5 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Required second-half revenue
2,049 Millions of yen
Adjusted EBITDA required in the second half
180 Millions of yen approx.
Required second-half operating profit
118 Millions of yen
Ordinary income required in the second half
70 Millions of yen
Net income attributable to owners of the parent required in the second half
17 Millions of yen
Net income per share required in the second half
0.44 Yen
New initiatives
- Consolidation and establishment of the Food Tech DX business through the acquisition of SBWorks
- Rollout of WaoPad to group outlets began
- Basic agreement reached on establishing a joint venture and acquiring a business in Taiwan
- Business alliance for the supply of Yamagoya-brand products in Mongolia
- Considering opening restaurants in Sri Lanka
- Resolution to launch a restaurant business succession business by THG Cairn Alpha
Key KPIsA metric the company considers important as a management benchmark.
Year-on-year change in consolidated monthly sales
165.4〜235.6
Year-on-year change in monthly sales of the existing ramen division
101.8〜112.1
Equity ratio
58.8 %
Segment results
Food and Beverage Business
Net Sales
1,214.5 Millions of yen
Year-on-year revenue growth+80.1%
Segment profit
89.7 Millions of yen
Segment profit for the same period of the previous year
41.4 Millions of yen
Food Tech DX business
Net Sales
274.2 Millions of yen
Segment profit
14.3 Millions of yen
Year on year against the same period last yearNo comparison, as the business was newly established this fiscal year
Real estate leasing business
Net Sales
17.2 Millions of yen
Year-on-year revenue growth-1.9%
Segment profit
5.3 Millions of yen
Segment profit for the same period of the previous year
3.7 Millions of yen
Operating contract business
Net Sales
45.1 Millions of yen
Year-on-year revenue growth-19.8%
Segment profit
-9.6 Millions of yen
Segment profit for the same period of the previous year
-0.7 Millions of yen
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2031
Net Sales¥20 billion
EBITDA¥2 billion
Number of stores500 stores
Dividends¥10 per share
Number of stores and locations
Number of Stores at Period-End
115 locations
Breakdown22 directly operated outlets, 71 franchise outlets and 22 overseas outlets. 103 ramen outlets, 5 yakiniku outlets and 7 other specialty outlets
Openings and Closures During the PeriodIncreased from 114 outlets in April-June to 115 in July-September. Burger Revolution Gion opened in July
Capital expenditures
¥115 million acquisition of property, plant and equipment
Annual Dividend
Fiscal year ending March 2027
Annual
2 Yen
Interim
1 Yen
End of period
1 Yen
Payout ratio
142.9 % based on the full-year forecast
Medium-term management plan policyA payout ratio of at least 30% during the plan period is used as a benchmark
| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (interim period) |
| Net Sales | 1,551 Millions of yen (YoY +107.4%) |
| Operating profit | 17 Millions of yen (YoY +435.3%) |
| Ordinary income | 41 Millions of yen (YoY +104.4%) |
| Net income | 35 Millions of yen (YoY +153.3%) |
| Full-year earnings forecast | Net Sales 3,600 Millions of yen / Adjusted EBITDA 250 Millions of yen / Operating profit 136 Millions of yen / Ordinary income 111 Millions of yen / Net income attributable to owners of the parent 53 Millions of yen / Earnings per share 1.4 Yen |
| Progress against full-year forecast | Net Sales 43.1% / Adjusted EBITDA 28.0% / Operating profit 13.1% / Ordinary income 37.3% / Net income attributable to owners of the parent 67.2% / Earnings per share 68.6% |
| Segment results | Food and Beverage Business Net Sales 1,214.5 Millions of yen / Year-on-year revenue growth +80.1% / Segment profit 89.7 Millions of yen / Segment profit for the same period of the previous year 41.4 Millions of yen / Food Tech DX business Net Sales 274.2 Millions of yen / Segment profit 14.3 Millions of yen / Year on year against the same period last year No comparison, as the business was newly established this fiscal year / Real estate leasing business Net Sales 17.2 Millions of yen / Year-on-year revenue growth -1.9% / Segment profit 5.3 Millions of yen / Segment profit for the same period of the previous year 3.7 Millions of yen / Operating contract business Net Sales 45.1 Millions of yen / Year-on-year revenue growth -19.8% / Segment profit -9.6 Millions of yen / Segment profit for the same period of the previous year -0.7 Millions of yen |
| Breakdown of Factors Affecting the Change | Revenue growth in the food-service business ¥540 million / FoodTech DX business revenue (SBWorks contribution to consolidated results) ¥274 million / FoodTech DX business segment profit (SBWorks contribution to consolidated results) ¥14 million / Subsidy income ¥22.1 million / Gain on sale of non-current assets Gain on sale of fixed assets: ¥36.1 million / Losses due to impairment, temporary closures, etc. Impairment losses and losses from temporary closures, etc.: ¥4.5 million |
| Key KPIs | Year-on-year change in consolidated monthly sales 165.4〜235.6 / Year-on-year change in monthly sales of the existing ramen division 101.8〜112.1 / Equity ratio 58.8 % |
| Number of stores and locations | Number of Stores at Period-End 115 locations / Breakdown 22 directly operated outlets, 71 franchise outlets and 22 overseas outlets. 103 ramen outlets, 5 yakiniku outlets and 7 other specialty outlets / Openings and Closures During the Period Increased from 114 outlets in April-June to 115 in July-September. Burger Revolution Gion opened in July |
| Assumptions Underlying the Business Outlook | Required second-half revenue 2,049 Millions of yen / Adjusted EBITDA required in the second half 180 Millions of yen (approx.) / Required second-half operating profit 118 Millions of yen / Ordinary income required in the second half 70 Millions of yen / Net income attributable to owners of the parent required in the second half 17 Millions of yen / Net income per share required in the second half 0.44 Yen |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2031 / Net Sales ¥20 billion / EBITDA ¥2 billion / Number of stores 500 stores / Dividends ¥10 per share |
| Annual Dividend | Fiscal year ending March 2027 Annual 2 Yen / Interim 1 Yen / End of period 1 Yen |
| Payout ratio | 142.9 % (based on the full-year forecast) |
| Capital expenditures | ¥115 million (acquisition of property, plant and equipment) |
| New initiatives | Consolidation and establishment of the Food Tech DX business through the acquisition of SBWorks, Rollout of WaoPad to group outlets began, Basic agreement reached on establishing a joint venture and acquiring a business in Taiwan, Business alliance for the supply of Yamagoya-brand products in Mongolia, Considering opening restaurants in Sri Lanka, Resolution to launch a restaurant business succession business by THG Cairn Alpha |
Items this document does not state (13)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planUnit price and quantity metricsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey 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.The company explained that the main factors were the full-period consolidation of the subsidiaries acquired in the previous consolidated fiscal year, the addition of revenue and profit from the Food Tech DX business through the consolidation of SBWorks, and the inclusion of 食べる社 in the consolidated group.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.