Worth reading
80Important
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
23.5
% (year-on-year change in revenue)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials for financial resultsSecond quarter of the fiscal year ending October 2026 (interim period)14 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥21,239 million+23.5%
Operating profit¥2,640 million+70.6%
Ordinary income¥2,635 million+70.7%
Net income¥1,762 million+70.7%
Selling, general and administrative expenses¥11,779 million
Gross Profit Margin
Rate67.9%
Year-on-year change (points)Improved by 1.5 percentage points from 66.4% in the year-earlier period
Operating profit margin
Rate12.4%
Year-on-year change (points)Improved by 3.4 percentage points from 9.0% in the year-earlier period
Results for the three months of the current quarter
Net Sales
¥10,596 million
Operating profit
¥1,205 million
Operating profit margin11.4%
Full-year earnings forecast
Net Sales
¥43,900 million
Operating profit
¥4,800 million
Ordinary income
¥4,770 million
Profit attributable to owners of the parent
¥2,880 million
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 Sales48.4%
Operating profit55.0%
Ordinary income55.3%
Net income for the current fiscal year61.2%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
First-half results significantly exceeded the previous revised forecast / exceeded planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Second-quarter operating profit versus year-earlier periodHigher average spend per customer at existing stores +¥78 million, lower existing-store operating costs +¥153 million, existing-store customer traffic impact +¥19 million, new stores +¥194 million, PD business impact +¥39 million, higher corporate expenses △¥80 million, overseas business △¥25 million, lower new-store opening costs +¥34 million, lower renovation-related closures +¥19 million
First-half operating profit versus previous revised forecastHigher average spend per customer at existing stores +¥27 million, lower existing-store operating costs +¥180 million, existing-store customer traffic impact △¥5 million, new stores +¥25 million, PD business impact △¥39 million, overseas business +¥90 million, lower corporate expenses +¥30 million, lower new-store opening costs +¥94 million, lower renovation-related closures +¥7 million, other +¥69 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Year-on-year change in existing-store sales
Company-operated stores102.5% (customer traffic 101.0%, average spend per customer 101.5%)
Produce stores105.0%
Store Opening PlanNet increase of 64 company-operated and JV stores; net increase of 54 Produce and franchise stores
New initiatives
- Longer operating hours, including the trial introduction of 24-hour operations
- Build a management structure using AI
- Recruit and train overseas personnel
- Build a food supply system
Key KPIsA metric the company considers important as a management benchmark.
- Year-on-year change in revenue from all domestic company-operated stores124.2%
- Year-on-year change in revenue from all domestic Produce stores116.5%
- Year-on-year change in revenue from domestic existing company-operated stores102.8%
- Year-on-year change in revenue from domestic existing Produce stores103.1%
- Sales per labor hour (consolidated)¥7,181Year on year against the same period last year¥6,671 in the year-earlier period
- Labor cost ratio (consolidated)25.9%Year on year against the same period last year26.8% in the year-earlier period
- Employee turnover rate15.8%Year on year against the same period last year12.5% in the year-earlier period
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Existing-store revenue assumptions
Company-operated stores
Number of Customers101.0%
Average Spend per Customer101.5%
Produce stores105.0%
Segment results
Company-operated business
Net Sales
¥9,274 million
PD business
Net Sales
¥1,322 million
Medium-term management plan targets
Target fiscal yearFiscal year ending October 2028
Net Sales¥63.0 billion
Operating profit¥6.3 billion
Number of stores1,316 stores
ROE20% or higher
Sales growth rate20% or higher
Operating profit margin10% or higher
Payout ratio20% or higher
Financial targets
ROE20% or higher
Actual value23.4% for the fiscal year ended October 2025
Market Size / Share
Domestic ramen market size¥800.0 billion
Combined share of the top 3 companies in the domestic ramen market9.7%
Medium- to long-term market share targets50% each of the domestic and overseas ramen markets
Number of stores and locations
Number of Stores at Period-End930 Location
Number of store openings and closures during the period17 company-operated and JV stores; net increase of 13 Produce and franchise stores
Number of employees
Number of Employees808 People
Changes during the period and hiring plan16 employees appointed as regular employees (6 new graduates and 10 mid-career hires); 20 overseas local hires planned
Annual Dividend
Annual dividend per share¥26.0 per share
Interim¥13.0 per share
End of period¥13.0 per share
Payout ratio
Target of 20.0% or higher| Item | Details |
|---|---|
| Document type | Presentation materials for financial results |
| Fiscal Period Covered | Second quarter of the fiscal year ending October 2026 (interim period) |
| Net Sales | ¥21,239 million (YoY +23.5%) |
| Operating profit | ¥2,640 million (YoY +70.6%) |
| Ordinary income | ¥2,635 million (YoY +70.7%) |
| Net income | ¥1,762 million (YoY +70.7%) |
| Gross Profit Margin | Rate 67.9% / Year-on-year change (points) Improved by 1.5 percentage points from 66.4% in the year-earlier period |
| Operating profit margin | Rate 12.4% / Year-on-year change (points) Improved by 3.4 percentage points from 9.0% in the year-earlier period |
| Selling, general and administrative expenses | ¥11,779 million |
| Results for the three months of the current quarter | Net Sales ¥10,596 million / Operating profit ¥1,205 million / Operating profit margin 11.4% |
| Full-year earnings forecast | Net Sales ¥43,900 million / Operating profit ¥4,800 million / Ordinary income ¥4,770 million / Profit attributable to owners of the parent ¥2,880 million |
| Progress against full-year forecast | Net Sales 48.4% / Operating profit 55.0% / Ordinary income 55.3% / Net income for the current fiscal year 61.2% |
| Self-assessment against the plan | First-half results significantly exceeded the previous revised forecast / exceeded plan |
| Segment results | Company-operated business Net Sales ¥9,274 million / Profit Not disclosed / PD business Net Sales ¥1,322 million / Profit Not disclosed |
| Breakdown of Factors Affecting the Change | Second-quarter operating profit versus year-earlier period Higher average spend per customer at existing stores +¥78 million, lower existing-store operating costs +¥153 million, existing-store customer traffic impact +¥19 million, new stores +¥194 million, PD business impact +¥39 million, higher corporate expenses △¥80 million, overseas business △¥25 million, lower new-store opening costs +¥34 million, lower renovation-related closures +¥19 million / First-half operating profit versus previous revised forecast Higher average spend per customer at existing stores +¥27 million, lower existing-store operating costs +¥180 million, existing-store customer traffic impact △¥5 million, new stores +¥25 million, PD business impact △¥39 million, overseas business +¥90 million, lower corporate expenses +¥30 million, lower new-store opening costs +¥94 million, lower renovation-related closures +¥7 million, other +¥69 million |
| Key KPIs | Indicator name Year-on-year change in revenue from all domestic company-operated stores / Value 124.2% / Year on year against the same period last year Not disclosed, Indicator name Year-on-year change in revenue from all domestic Produce stores / Value 116.5% / Year on year against the same period last year Not disclosed, Indicator name Year-on-year change in revenue from domestic existing company-operated stores / Value 102.8% / Year on year against the same period last year Not disclosed, Indicator name Year-on-year change in revenue from domestic existing Produce stores / Value 103.1% / Year on year against the same period last year Not disclosed, Indicator name Sales per labor hour (consolidated) / Value ¥7,181 / Year on year against the same period last year ¥6,671 in the year-earlier period, Indicator name Labor cost ratio (consolidated) / Value 25.9% / Year on year against the same period last year 26.8% in the year-earlier period, Indicator name Employee turnover rate / Value 15.8% / Year on year against the same period last year 12.5% in the year-earlier period |
| Unit price and quantity metrics | Existing-store revenue assumptions Company-operated stores Number of Customers 101.0% / Average Spend per Customer 101.5% / Produce stores 105.0% |
| Number of stores and locations | Number of Stores at Period-End 930 Location / Number of store openings and closures during the period 17 company-operated and JV stores; net increase of 13 Produce and franchise stores |
| Number of employees | Number of Employees 808 People / Changes during the period and hiring plan 16 employees appointed as regular employees (6 new graduates and 10 mid-career hires); 20 overseas local hires planned |
| Assumptions Underlying the Business Outlook | Year-on-year change in existing-store sales Company-operated stores 102.5% (customer traffic 101.0%, average spend per customer 101.5%) / Produce stores 105.0% / Store Opening Plan Net increase of 64 company-operated and JV stores; net increase of 54 Produce and franchise stores |
| Medium-term management plan targets | Target fiscal year Fiscal year ending October 2028 / Net Sales ¥63.0 billion / Operating profit ¥6.3 billion / Number of stores 1,316 stores / ROE 20% or higher / Sales growth rate 20% or higher / Operating profit margin 10% or higher / Payout ratio 20% or higher |
| Financial targets | ROE 20% or higher / Actual value 23.4% for the fiscal year ended October 2025 |
| Annual Dividend | Annual dividend per share ¥26.0 per share / Interim ¥13.0 per share / End of period ¥13.0 per share |
| Payout ratio | Target of 20.0% or higher |
| Market Size / Share | Domestic ramen market size ¥800.0 billion / Combined share of the top 3 companies in the domestic ramen market 9.7% / Medium- to long-term market share targets 50% each of the domestic and overseas ramen markets |
| New initiatives | Longer operating hours, including the trial introduction of 24-hour operations, Build a management structure using AI, Recruit and train overseas personnel, Build a food supply system |
Items this document does not state (5)
Risk amount incorporated into the outlookAcquisition 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.Growth in existing-store revenue driven by longer operating hours and improved QSCA, optimization of food procurement, improved production efficiency, lower operating costs at existing stores and contributions from newly opened stores. The company stated that the upward revision to the full-year forecast included the amount by which first-half results exceeded plan, while taking into account risks from increased instability in the Middle East and the possibility of upfront investment.
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.
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