Yoshinoya Holdings (9861) investor relations material

Executive summary

• Net sales reached a record ¥225.7 billion, up 10.1% year-over-year, driven by same-store sales growth and net store additions.

• Operating profit rose 10.7% to ¥8.1 billion, and net income attributable to owners of parent increased 22.7% to ¥4.7 billion.

• EBITDA increased 11.5% to ¥15.9 billion, reflecting higher operating profit and increased depreciation.

• Store count reached 2,886, a net increase of 65 stores, with both domestic and overseas expansion.

• Comprehensive income decreased 7.3% year-over-year to ¥4,836 million.

Financial highlights

• Same-store sales grew 6.5% overall, with Yoshinoya at 7.3%, Hanamaru at 5.6%, and overseas at 4.6%.

• Gross profit rose to ¥140.0 billion, up from ¥131.2 billion year-over-year.

• SG&A expenses increased 6.5% to ¥131.9 billion, but disciplined cost control offset raw material inflation.

• Basic earnings per share increased to ¥72.08 from ¥58.78 year-over-year.

• Cash and cash equivalents at period end were ¥20.9 billion, up from ¥19.5 billion.

Outlook and guidance

• FY2027 forecast: net sales ¥242.0 billion (+7.2%), operating profit ¥8.5 billion (+5.1%), net income ¥4.9 billion (+5.0%), and basic EPS ¥75.71.

• EBITDA expected to reach ¥17.2 billion (+8.1%).

• Dividend forecast for FY2027 is ¥22.00 per share, unchanged from FY2026.

• Same-store sales growth targeted at 4.6% for Yoshinoya and 6.6% for Hanamaru.

• Continued focus on disciplined cost control, store expansion, and digitalization.