Yoshinoya Holdings (9861) Q3 2025 earnings summary

Executive summary

• Net sales/revenue rose 9.3% year-over-year to ¥151.8 billion for the first nine months of FY ending Feb 2025, driven by domestic growth and inbound demand, despite overseas headwinds.

• Operating income declined 7% year-over-year to ¥5.68 billion, impacted by higher costs and the absence of prior-year real estate gains.

• Net income attributable to owners/shareholders fell 23% year-over-year to ¥3.33 billion, reflecting increased expenses and lower extraordinary gains.

• Strategic initiatives included store renovations, menu enhancements, and the acquisition of a ramen business subsidiary.

• Sustainability efforts were recognized with awards for food waste reduction and inclusive menu development.

Financial highlights

• Gross profit increased to ¥97.5 billion, up 8.7% year-over-year.

• EBITDA was ¥10.72 billion, nearly flat year-over-year.

• SG&A expenses rose 9.8% year-over-year to ¥91.8 billion.

• Comprehensive income decreased 26.5% year-over-year to ¥3.96 billion.

• EPS for the period was ¥51.49, down from ¥67.07 in the prior year.

Outlook and guidance

• Full-year revenue forecast remains at ¥203 billion, up 8.3% year-over-year.

• Operating income is projected at ¥7.0 billion (+12.2%), with net income forecast at ¥4.1 billion (−26.8%).

• No changes to previously announced guidance.