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Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Food & Life Companies
Food & Life Companies (3563) investor relations material
Food & Life Companies Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary6 Nov, 2026
Executive summary
FY26 revenue reached ¥515,334m, up 26.9%, and operating profit ¥51,506m, up 47.0%; both were record highs and results exceeded the latest forecast by ¥10.3bn and ¥1.0bn, respectively.
International growth, led by Mainland China, and solid Japan performance supported expansion; 108 new stores opened and the overseas network reached 340 locations.
FY27–FY29 plan targets ¥831bn revenue and ¥88bn operating profit in FY29; the longer-term ¥1tn revenue goal was brought forward by two to three years.
Financial highlights
FY26 continuing-operations revenue was ¥515,334m, Adjusted EBITDA ¥72,498m and operating profit ¥51,506m; YoY growth was 26.9%, 43.3% and 47.0%, respectively.
FY26 Q4 revenue was ¥141.2bn, EBITDA ¥17.6bn, operating profit ¥10.5bn and profit attributable to owners ¥8.8bn; YoY growth was 27.4%, 56.2%, 55.0% and 80.9%.
FY26 EBITDA margin was 14.1% versus 12.5%; operating margin rose to 10.0% from 8.6%.
FY26 profit attributable to owners was ¥35,380m, up 54.2%; basic EPS was ¥155.82 after the 2-for-1 stock split effective July 1, 2026.
Outlook and guidance
FY27 forecast: revenue ¥610bn, Adjusted EBITDA ¥87bn, operating profit ¥61.3bn and parent-attributable profit ¥39bn.
FY27 plans call for 150–160 new stores across the business; Japan Sushiro LFL sales assumption is 103.7%.
FY29 targets are revenue ¥831bn, operating profit ¥88bn, operating margin 10.6% and 1,570–1,580 stores.
The ¥1tn revenue goal was brought forward by two to three years; international revenue is expected to exceed Japan Sushiro revenue in FY28.
FY27–FY29 revenue and operating profit CAGR targets are 17.3% and 19.6%, respectively.
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Latest events from Food & Life Companies
- FY29 targets pair ¥831.0bn revenue with a 1,570–1,580-store network.3563
Investor presentation - International growth and upward forecast revision drive strong Q3 performance.3563Q3 2026
- Strong 1H FY26 growth led to upward guidance and dividend revisions, plus a stock split.3563Q2 2026
- Q1 FY26 saw robust revenue and profit growth, led by strong international expansion.3563Q1 2026
- Record revenue and profit, with international growth and higher FY26 guidance highlighted.3563Q4 2025
- Upwardly revised forecasts reflect robust growth, margin gains, and international expansion.3563Q3 2025
- Q3 profit and revenue surged on strong Japan and overseas segment growth.3563Q3 2024
- Record revenue and profit growth, with robust global expansion and strong FY25 outlook.3563Q4 2024
- Record-high first-half results and raised outlook driven by global expansion and margin gains.3563Q2 2025
Next Food & Life Companies earnings date
Q1 20275 Feb, 2027
Food & Life Companies
Next Food & Life Companies earnings date
Q1 20275 Feb, 2027
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Frequently asked questions
Food & Life Companies Ltd is a Japan-based company engaged in the operation of restaurant chains, primarily specializing in sushi and Japanese cuisine. Its flagship brand, Sushiro, operates as a conveyor belt sushi restaurant offering affordable and quick-service dining. The company also manages other foodservice brands, including those serving ramen, beef bowls, and other Japanese dishes. Food & Life Companies operates both domestically and internationally through directly managed stores and franchises. The company is headquartered in Osaka, Japan, and its shares are listed on the TSE.