Yoshinoya Holdings (9861) Q3 2026 earnings summary

Executive summary

• Net sales for the nine months ended November 30, 2025, rose 9.8% year-over-year to ¥166,628 million, driven by same-store sales growth and ramen business M&A.

• Net profit attributable to owners of parent increased 0.5% year-over-year to ¥3,346 million; EBITDA up ¥547 million.

• Operating profit declined 2.1% year-over-year to ¥5,558 million due to input cost and labor pressures.

• Comprehensive income declined 28.8% year-over-year to ¥2,822 million.

• All segments saw revenue growth, with ramen business showing the highest increase.

Financial highlights

• Gross profit: ¥103,651 million (up 6.3% year-over-year).

• Ordinary profit decreased 1.8% year-over-year to ¥6,144 million.

• Basic earnings per share for the nine months was ¥51.71, compared to ¥51.49 in the prior year.

• Total assets increased to ¥125,901 million as of November 30, 2025.

• Equity-to-asset ratio was 52.4% as of November 30, 2025.

Segment performance

• Yoshinoya segment revenue up 9,385 million (109.2% YoY), but segment profit down ¥744 million.

• Hanamaru revenue up ¥1,625 million (107.0% YoY), segment profit up ¥146 million.

• Overseas revenue up ¥410 million (101.9% YoY), segment profit up ¥350 million.

• Ramen business revenue up ¥3,464 million (168.6% YoY), segment profit up ¥204 million (185.2% YoY).