Food & Life Companies (3563) Q4 2026 earnings summary

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.