Zensho breaks ¥2 trillion market-cap barrier, first in Japan’s food-service industry; further gains hinge on businesses beyond sushi - Nikkei Veritas

ZENSHO HOLDINGS CO.,LTD. became the first food-service company to surpass ¥2 trillion in market capitalization. Strong performance at Hama Sushi and in overseas takeaway sushi operations contributed to the increase.

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The story

ZENSHO HOLDINGS CO.,LTD. became the first food-service company to exceed ¥2 trillion in market capitalization. The strength of its domestic and overseas sushi businesses reportedly contributed to the increase, while attention is now turning to business areas other than sushi as sources of future growth.

The closing price on the 30th was ¥12,560, up ¥540, or 4.5%, from the previous day, bringing market capitalization to ¥2.0188 trillion. Although the share price continues to rise, some observers believe the current valuation already reflects the strong performance of the sushi business.

At a glance

Market capitalizationFirst Japanese food-service company to exceed ¥2 trillion

Closing share priceThe closing price on the 30th was ¥12,560, up ¥540 from the previous day

Analysis of background factorsStrong performance at Hama Sushi and overseas takeaway sushi operations as the backdrop

Investor perspectiveAnalysts also expect growth in businesses other than sushi

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