Komori
Sagami Holdings (9900) · TargetAdvanced

Establishing the Small-Format Franchise Business and the “水山” Franchise Model

First written in FY2016. 8 of 15 entries say "Advanced", first in FY2017. Latest entry: FY2026.

15entries
11years
1from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017 – FY2021AdvancedFY2024-Q2 – FY20262016: 120162017: 120172018: 020182019: 020192020: 020202021: 120212022: 420222023: 320232024: 220242025: 120252026: 22026
Same theme, other companies
Monetizing the Franchisor Business and Making It a Second Revenue PillarA theme 7 companies write about · 0 as a headwind · 8 as a tailwind

The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.

5 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「In overseas operations, we opened the SAGAMI Parma Centro location as an FC location in November.」

    Added an FC location in Parma, Italy, updating the track record of the overseas FC model rollout.
  2. 2026-05-14AdvancedEarnings

    「In overseas operations, we opened the SAGAMI Parma Centro location as an FC location in November.」

    欧州でのFC出店実績を追加している。
  3. FY2025AdvancedAnnual report

    「In overseas operations, we opened the SAGAMI Bologna location in Bologna, Italy, in April and the SAGAMI Madrid location in Madrid, Spain, in August as FC locations.」

    Opened FC locations in Bologna, Italy, and Madrid, Spain, adding to the company’s track record in FC expansion.
  4. FY2025-H1AdvancedAnnual report

    「In overseas operations, we opened the SAGAMI Bologna location in Bologna, Italy, in April and the SAGAMI Madrid location in Madrid, Spain, in August as FC locations.」

    Opened FC locations in Bologna, Italy, and Madrid, Spain, adding to the company’s track record in small-format stores and FC expansion.
  5. FY2024-Q3AdvancedAnnual report

    「In overseas operations, we opened the SAGAMI Verona location in Verona, Italy, as an FC location in August.」

    Opened a new FC location in Verona, Italy, adding to the company’s track record in small-format stores and FC expansion.
  6. FY2024-Q2AdvancedAnnual report

    「In overseas operations, we opened the SAGAMI Verona location in Verona, Italy, as an FC location in August.」

    Opened a new FC location in Verona, Italy, adding to the company’s track record in small-format stores and FC expansion.
  7. FY2023RestatedAnnual report

    「We will establish and accelerate the rollout of small-format store models, including the handmade udon restaurant Mizuyama, the ramen specialty restaurant Bubuka, and the kakiage and 100% buckwheat soba restaurant Chosuke.」

    The company continues to pursue its policy of establishing and rolling out small-format store models for Mizuyama, Bubuka and Chosuke.
  8. FY2023-Q3Refreshing the franchise store networkAnnual report

    「Overseas, SAGAMI Berinzago Lombardo was opened as a franchise store in the suburbs of Milan, Italy (April). Meanwhile, SAGAMI Siena in Italy was closed (August).」

    Opened an FC location in Italy while closing 1 existing FC location, thereby renewing the FC store network.
  9. FY2023-Q2RestatedAnnual report

    「Overseas, SAGAMI Berinzago Lombardo was opened as a franchise store in the suburbs of Milan, Italy (April).」

    The opening of a franchise store in Italy is repeated, confirming the track record of the small-format franchise model and franchise expansion, but it is not a new opening.
  10. FY2023-Q1AdvancedAnnual report

    「Overseas, SAGAMI Berinzago Lombardo, the 7th SAGAMI store in the suburbs of Milan, Italy, was opened as a franchise store (April).」

    The 7th SAGAMI store in Italy was opened as a franchise store, adding to the company's franchise expansion track record.
  11. FY2022RaisedAnnual report

    「In Japan, with a view to expanding the franchise business, we will promote the establishment of small-format franchise models and franchise expansion for Suizan, a hand-stretched udon restaurant, Bubuka, a ramen specialty restaurant, Chosuke, a kakiage and 100% buckwheat soba restaurant, and other concepts.」

    In addition to Suizan, Bubuka, and the other existing concepts, Chosuke is explicitly identified as a target for the small-format franchise model, expanding the scope of eligible concepts.
  12. FY2022-Q3RestatedAnnual report

    「Overseas, SAGAMI Parma (June), SAGAMI Siena (July), and SAGAMI Reggio Emilia (December) were opened in Italy as franchise stores.」

    The opening of 3 franchise stores in Italy is reported. However, no change in the concepts covered by the existing small-format franchise model is indicated.
  13. FY2021RaisedAnnual report

    「With a view to expanding the franchise business, we will promote the establishment of small-format franchise models and recruitment of franchisees for Suizan, a hand-stretched udon restaurant, Bubuka, a ramen specialty restaurant, and other concepts.」

    In addition to Suizan and the other existing concepts, Bubuka is explicitly identified as a target for the small-format franchise model, expanding the scope of eligible concepts.
  14. FY2017AdvancedAnnual report

    「As a new source of earnings, we will work to expand our franchise business and promote the establishment of small-format franchise models and recruitment of franchisees for Katsu Tani, a tonkatsu specialty restaurant, Suizan, a hand-stretched udon restaurant, and other concepts.」

    In addition to continuing to establish and recruit franchisees for small-format franchise models, the company disclosed the number of operating stores as of 31 March 2017, including 1 Suizan franchise store.
  15. FY2016First statedAnnual report

    「To expand our business foundation, we will work to establish a franchise model for Suizan and develop other franchise formats, while promoting a small-format franchise business.」

    The company plans to expand its business foundation by establishing a Suizan franchise model and developing other franchise formats.
Moved together

"Sales promotion through food fairs, coupons, and television commercials" moved the same way as this thread, in the same document, in 10 of its 15 moves.

1097654★123456
  1. ★This thread
  2. 1Sales promotion through food fairs, coupons, and television commercials10×
  3. 2Domestic store expansion focused on the Chubu and Kanto regions9×
  4. 3Store expansion in Europe7×
  5. 4Aggressive investment in new store openings and existing-store capital expenditures6×
  6. 5Securing and developing talent on an ongoing basis5×
  7. 6Improved Efficiency and Productivity per Hour4×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Sagami Holdings's next results are scheduled for 2026-11-12. Read the earnings preview It last moved in the Earnings of 2026-05-14: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.