Food & Life Companies (3563) Q3 2025 earnings summary

Executive summary

• Revenue grew 18.3% year-over-year to ¥313,149 million for FY25 Q3, with operating profit up 68.4% and profit for the period up 74.3%.

• Growth was driven by strong domestic and international Sushiro performance, new store openings, and successful promotional campaigns.

• EBITDA increased 47.8% year-over-year.

• Store count increased by 43 locations to 1,180 at the end of Q3.

• The company revised its full-year earnings forecast upward, reflecting robust third-quarter results.

Financial highlights

• Operating profit reached ¥29,205 million (+68.4% year-over-year); EBITDA margin improved to 12.9%.

• Profit for the period was ¥18,072 million (+74.3% year-over-year); basic EPS increased to ¥159.74.

• Equity ratio improved to 23.3% from 20.5% year-over-year.

• Net Debt/EBITDA improved to 0.6x from 0.9x year-over-year.

• Cash and cash equivalents increased by ¥4,538 million to ¥53,233 million.

Outlook and guidance

• FY25 full-year revenue forecast revised upward to ¥421,000 million (+16.6% year-over-year).

• FY25 operating profit forecast raised to ¥35,000 million (+49.7% year-over-year).

• FY25 profit for the period forecast increased to ¥21,000 million (+43.5% year-over-year).

• EPS guidance raised to ¥185.60 for FY25.

• Adjusted EBITDA forecasted at ¥49,500 million (+32.1%).