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Yoshinoya Holdings Co., Ltd.
(9861)
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Rating:64Neutral
Price Target:
¥3,983.00
▲(10.27% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by improved financial resilience (lower leverage, higher equity) and steady revenue growth, alongside supportive technical momentum (price above major moving averages and positive MACD). These positives are tempered by margin compression, inconsistent free cash flow, and a high P/E with a low dividend yield.
Positive Factors
Improved balance sheet / lower leverage
Material deleveraging since 2021 meaningfully strengthens financial resilience. Lower leverage reduces interest burden, improves credit flexibility and increases capacity to fund new openings, remodels or franchise support internally — enhancing durable operational flexibility and downside protection.
Negative Factors
Margin compression
Material margin erosion over multiple years reduces profit per sale and the company's ability to absorb cost inflation. Persistent compression constrains reinvestment, limits free cash available for strategic uses and weakens the translation of revenue growth into durable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved balance sheet / lower leverage
Material deleveraging since 2021 meaningfully strengthens financial resilience. Lower leverage reduces interest burden, improves credit flexibility and increases capacity to fund new openings, remodels or franchise support internally — enhancing durable operational flexibility and downside protection.
Read all positive factors
Yoshinoya Holdings Co., Ltd. (9861) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥243.86B
Dividend Yield0.59%
Average Volume (3M)447.76K
Price to Earnings (P/E)42.3
Beta (1Y)0.08
Revenue Growth10.76%
EPS Growth48.44%
CountryJP
Employees3,361
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)72.09
Shares Outstanding65,129,560
10 Day Avg. Volume363,450
30 Day Avg. Volume447,756
Financial Highlights & Ratios
PEG Ratio1.89
Price to Book (P/B)2.94
Price to Sales (P/S)0.89
P/FCF Ratio43.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)81.88
Revenue Forecast (FY)¥240.25B
Yoshinoya Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Yoshinoya Holdings Co., Ltd. oversees a global network of restaurants via its subsidiary entities. The firm was established in 1899 and maintains its principal corporate office in Tokyo, Japan....
How the Company Makes Money
Yoshinoya Holdings primarily earns revenue from selling food and beverages through its restaurant network. Key revenue streams typically include: (1) Company-operated restaurant sales: direct revenue from in-store dining and takeout at Yoshinoya a...
Yoshinoya Holdings Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
70
Positive
Cash Flow
58
Neutral
| Breakdown | Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 225.67B | 204.98B | 187.47B | 168.10B | 153.60B |
| Gross Profit | 132.16B | 124.00B | 114.62B | 101.96B | 95.22B |
| EBITDA | 16.13B | 13.84B | 15.09B | 15.76B | 20.38B |
| Net Income | 4.67B | 3.80B | 5.61B | 7.23B | 8.12B |
Balance Sheet | |||||
| Total Assets | 124.82B | 119.54B | 113.24B | 108.57B | 112.60B |
| Cash, Cash Equivalents and Short-Term Investments | 21.64B | 20.57B | 27.35B | 24.23B | 35.18B |
| Total Debt | 28.82B | 28.28B | 28.62B | 33.61B | 42.11B |
| Total Liabilities | 56.11B | 54.72B | 52.38B | 52.97B | 63.85B |
| Stockholders Equity | 67.99B | 64.18B | 60.36B | 55.11B | 48.10B |
Cash Flow | |||||
| Free Cash Flow | 4.62B | 15.00M | 10.70B | 1.17B | 20.48B |
| Operating Cash Flow | 14.70B | 13.36B | 20.07B | 7.25B | 23.44B |
| Investing Cash Flow | -10.10B | -14.45B | -8.31B | -4.01B | -307.00M |
| Financing Cash Flow | -3.41B | -5.97B | -8.96B | -14.20B | -26.07B |
Yoshinoya Holdings Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥61.85B | 49.78 | ― | 0.17% | 17.94% | 0.67% | |
71 Outperform | ¥146.37B | 61.97 | ― | 1.71% | 6.78% | -27.06% | |
70 Outperform | ¥1.29T | 42.78 | 28.19% | 0.32% | 23.74% | 40.37% | |
64 Neutral | ¥243.86B | 42.32 | ― | 0.61% | 10.76% | 48.44% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥1.65T | 36.05 | 15.79% | 0.78% | 11.88% | 45.16% | |
53 Neutral | ¥102.94B | 25.57 | ― | 0.37% | 19.62% | 71.58% |
* Consumer Cyclical Sector Average
JP:9861
Yoshinoya Holdings Co., Ltd.
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Yoshinoya Holdings Co., Ltd. Corporate Events
Yoshinoya Advances Share Buyback, Repurchasing 361,500 Shares in July
Aug 3, 2026
Yoshinoya Holdings Co., Ltd. has reported progress on its ongoing share buyback program, repurchasing 361,500 common shares for approximately JPY 1.33 billion between July 13 and July 31, 2026. The buyback, executed via open-market purchases on th...
Yoshinoya Authorizes Treasury Share Buyback to Support Strategic Equity Acquisition
Jul 10, 2026
Yoshinoya Holdings Co., Ltd., a major Japanese quick-service restaurant operator best known for its beef bowl offerings, continues to refine its capital strategy as it expands its portfolio and international presence. The group uses its steady foo...
Yoshinoya to Acquire Majority Stake in U.S. Ramen Chain Kizuki to Drive Global Growth
Jul 10, 2026
Yoshinoya Holdings Co., Ltd., a major Japanese restaurant group known for its beef bowl chains, is pushing a mid-term “Transformation and Growth” plan centered on domestic business evolution, building ramen into a third core segment, a...
Yoshinoya Releases Q1 Supplementary Financial Data for FY2027
Jul 10, 2026
Yoshinoya Holdings released supplementary financial information for the first quarter of the fiscal year ending February 2027, outlining business performance, same-store sales trends, and segment results. The materials highlight profit analysis, s...
Yoshinoya Books Extraordinary Income After Merger of Six Subsidiaries
Jul 8, 2026
Yoshinoya Holdings Co., Ltd., a major Japanese quick-service restaurant operator known for its Yoshinoya beef bowl chain, has traditionally run its domestic operations through multiple regional subsidiaries. The group�s presence on the TSE ...
Yoshinoya Delivers Profit Surge and Confirms Outlook Amid Stable Dividend Policy
Jul 8, 2026
Yoshinoya Holdings reported strong results for the three months ended May 31, 2026, with net sales rising 12.5% year on year to ¥58.8 billion and operating profit surging 140.8% to ¥2.5 billion. Ordinary profit climbed 125.0% to ¥2....
Yoshinoya to Absorb Maintenance Subsidiary in Streamlining Push
Jun 30, 2026
Yoshinoya Holdings will conduct an absorption-type merger of its wholly owned subsidiary RISOU KANKYOU Co., Ltd., an expert in inspection, cleaning and maintenance services for store facilities, with an effective date of September 1, 2026. By inte...
Yoshinoya Completes Restricted Stock Grant to Directors via Treasury Share Disposal
Jun 25, 2026
Yoshinoya Holdings Co., Ltd. has completed payment for the disposal of 12,133 treasury shares, which were issued as restricted stock compensation to its directors and executive directors. The transaction, priced at 3,172 yen per share for a total ...
Yoshinoya to Grant Restricted Treasury Shares to Executives as Long-Term Incentive
May 29, 2026
Yoshinoya Holdings will dispose of 12,133 shares of its treasury stock on June 25, 2026, allocating them as restricted stock to three directors and five executive officers under its existing equity-based compensation plan. The disposal, priced at ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.