# CHIKARANOMOTO HOLDINGS Co.,Ltd.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第41期(2025/04/01－2026/03/31) (S100YLK6)
> Page: https://vizora.meequs.com/en/company/chikaranomoto-holdings
> Retrieved: 2026-09-30T22:20:16.402Z

## Company

Chikaranomoto Holdings, founded in 2013, is a company in Processed Foods listed on TSE Prime. It has 666 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | CHIKARANOMOTO HOLDINGS Co.,Ltd. |
| Ticker | 3561 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3561.T) |
| Listing | TSE Prime |
| Head office | 福岡市中央区大名一丁目13番14号 (上記は登記上の本店所在地であり、実質的な本社業務は下記「最寄りの連絡場所」において行っております。) |
| Representative (per filing) | 代表取締役社長兼CEO 山根 智之 |
| Founded | Aug 2013 |
| Share capital | ¥3.15B |
| Employees (consolidated) | 666 |
| Average salary (parent only) | ¥5.3M |
| Fiscal year end | March |
| Website | www.chikaranomoto.com (https://www.chikaranomoto.com/) |
| Corporate number | 7290001001697 |
| EDINET | E33011 |
| Industries (Vizora) | Processed Foods, Fast Food & Quick Service, Restaurants & Pubs |

> Profile source: annual securities report (S100YLK6, filed 2026-06-26). As of filing

## Five-axis industry profile

Primary industry: Fast Food & Quick Service (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 75 | 18 |
| Profitability | 65.9 | 22 |
| Cash conversion | 31 | 21 |
| Efficiency | 75 | 22 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 48% of Chikaranomoto Holdings's sales come from Domestic restaurant operation business, with Overseas restaurant operation business and Production and Merchandise making up much of the rest.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +6.1% from the prior year, operating profit -17.3%.

## Company structure

- Segment revenue mix: Domestic restaurant operation business 48.0%、Overseas restaurant operation business 39.8%、Production and Merchandise 12.2%
- Revenue → net income: ¥36261804000 → ¥1829106000
- Net income → operating cash flow: ¥1829106000 → ¥2778878000（difference ¥949772000）
- Main uses of operating cash flow: CapEx ¥1442867000 / dividends ¥574102000 / buybacks —
- Change in cash: ¥503418000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥36.3B |  |
| Operating income | ¥2.33B | Margin 6.4% |
| Net income | ¥1.83B | Margin 5.0% |
| Free cash flow | ¥1.34B |  |
| Largest business | Domestic restaurant operation business | of segment revenue 48.0% |
| Employees (consolidated) | 666 |  |
| EPS | ¥23.57 |  |
| Diluted EPS | ¥23.57 |  |
| Book value per share | ¥243.56 |  |
| Equity ratio | 60.3% |  |
| Shares outstanding | 30,318,000 |  |
| Treasury shares | 72,300 |  |
| Shareholders | 50,617 |  |
| Average salary (parent only) | ¥5.3M | Filing company only |
| Cash ratio | 34.9% | Cash ÷ revenue 19.3% |
| Vs. industry median margin | +0.9 pp | Fast Food & Quick Service |
| ROE | 17.7% | Derived from disclosed figures |
| ROA | 9.5% | Derived from disclosed figures |

## Notable figures

- FY2026, cash is 35% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥16539319000 | ¥36261804000 | +119.2% |
| Operating income | ¥-980180000 | ¥2325088000 | — |
| Operating margin | -5.9% | 6.4% | +12.3 pp |
| Employees | 537 people | 666 people | +24.0% |
| Cash and equivalents | ¥4347101000 | ¥7001357000 | +61.1% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 国内店舗運営事業 → 国内店舗運営事業 | 48.0% |
| 国内店舗運営事業 → 事業再編・廃止 | 1.6% |
| 海外店舗運営事業 → 海外店舗運営事業 | 29.2% |
| 商品販売事業 → 商品販売事業 | 10.4% |
| 国内商品販売事業 → 事業再編・廃止 | 10.0% |
| その他 → 事業再編・廃止 | 0.8% |
| 新設・再編 → 海外店舗運営事業 | 10.6% |
| 新設・再編 → 商品販売事業 | 1.8% |

Segment revenue source references: 8 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Domestic restaurant operation business | 5 years | +13.6% | ¥17417052000 | 8.3% | 2 |
| Overseas restaurant operation business | 5 years | +21.6% | ¥14427901000 | 6.0% | 2 |
| Production and Merchandise | 5 years | +18.1% | ¥4416849000 | 12.7% | 2 |

## Income statement（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 36,262 | 100.0% | S100YLK6 |
| Cost of revenue | 11,060 | 30.5% | S100YLK6 |
| Gross profit | 25,202 | 69.5% | S100YLK6 |
| SG&A | 22,876 | 63.1% | S100YLK6 |
| Operating income | 2,325 | 6.4% | S100YLK6 |
| Ordinary income | 2,583 | 7.1% | S100YLK6 |
| Pretax income | 2,641 | 7.3% | S100YLK6 |
| Income tax | 812 | 2.2% | S100YLK6 |
| Net income | 1,829 | 5.0% | S100YLK6 |
| Net income attributable to owners | 1,829 | 5.0% | S100YLK6 |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 31 |
| SG&A | 63 |
| Operating income | 6 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 69.5% → Operating margin 6.4% → Net margin 5.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +6.1%; Core profit growth: -17.3%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -2.81×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 34,166 | 36,262 | 2,096 | +6.1% |
| Gross profit | 23,995 | 25,202 | 1,207 | +5.0% |
| Operating income | 2,810 | 2,325 | -485 | -17.3% |
| Net income attributable to owners | 1,758 | 1,829 | 71 | +4.0% |
| Operating cash flow | 3,083 | 2,779 | -305 | -9.9% |
| Free cash flow | 1,796 | 1,336 | -460 | -25.6% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 29,107 | 698 | 2.4% | -214 | 1,594 | -458 | S100LVQY |
| FY ending Mar 2021 | 16,539 | -980 | -5.9% | -2,393 | -652 | -1,709 | S100OLGJ |
| FY ending Mar 2022 | 19,398 | 1,051 | 5.4% | 924 | 1,705 | 800 | S100R97B |
| FY ending Mar 2023 | 26,116 | 2,281 | 8.7% | 1,628 | 2,853 | 1,985 | S100TXU8 |
| FY ending Mar 2024 | 31,777 | 3,297 | 10.4% | 2,186 | 3,935 | 2,742 | S100W3HE |
| FY ending Mar 2025 | 34,166 | 2,810 | 8.2% | 1,758 | 3,083 | 1,796 | S100YLK6 |
| FY ending Mar 2026 | 36,262 | 2,325 | 6.4% | 1,829 | 2,779 | 1,336 | S100YLK6 |

## People and productivity（FY ending Mar 2026, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥54.4M |
| Operating income per employee (consolidated) | ¥3.5M |
| Net income per employee (consolidated) | ¥2.7M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 505 | 498 | 581 | 624 | 666 |
| Average salary (parent company) | ¥5M | ¥5.3M | ¥5.6M | ¥5M | ¥5.3M |
| Average age (parent company) | 38.5 years | 38.8 years | 40.9 years | 38.1 years | 38.7 years |
| Average tenure (parent company) | 4.4 years | 5.2 years | 5.5 years | 5.3 years | 4.8 years |

Year over year: Employees (consolidated) +6.7% · Revenue (consolidated) +6.1%

## Segments（FY ending Mar 2026, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Domestic restaurant operation business | 17,417 | 48.0% | 1,448 | 8.3% |
| Overseas restaurant operation business | 14,428 | 39.8% | 871 | 6.0% |
| Production and Merchandise | 4,417 | 12.2% | 562 | 12.7% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Domestic restaurant operation business | 48.0% | 50.3% | 2.2 | 8.3% |
| Overseas restaurant operation business | 39.8% | 30.2% | -9.6 | 6.0% |
| Production and Merchandise | 12.2% | 19.5% | 7.3 | 12.7% |

Segment → industry: Production and Merchandise → Processed Foods / Overseas restaurant operation business → Fast Food & Quick Service / Domestic restaurant operation business → Fast Food & Quick Service / Overseas restaurant operation business → Restaurants & Pubs

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,779 | 7.7% | S100YLK6 |
| Capital expenditure | 1,443 | 4.0% | S100YLK6 |
| Free cash flow | 1,336 | 3.7% | 算出 |
| Investing cash flow | -1,232 | -3.4% | S100YLK6 |
| Financing cash flow | -1,121 | -3.1% | S100YLK6 |
| Dividends paid | 574 | 1.6% | S100YLK6 |
| Change in cash | 503 | 1.4% | S100YLK6 |
| Cash and equivalents | 7,001 | 19.3% | S100YLK6 |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 5,125 | 7,275 | 5,576 | 6,498 | 7,001 | S100TXU8, S100W3HE, S100YLK6 |
| Total assets | 15,272 | 17,478 | 17,229 | 18,541 | 20,072 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Net assets | 3,801 | 7,640 | 9,270 | 10,662 | 12,113 | S100TXU8, S100W3HE, S100YLK6 |
| Share capital | 2,140 | 3,118 | 3,141 | 3,148 | 3,150 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Trade receivables | — | — | 926 | 837 | 908 | S100W3HE, S100YLK6 |
| Inventories | 305 | 420 | 476 | 514 | 638 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Property, plant and equipment | 5,703 | 5,489 | 5,585 | 5,843 | 6,112 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Intangible assets excluding goodwill | 178 | 157 | 142 | 123 | 120 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Goodwill | 137 | 108 | 94 | 77 | 82 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Investment securities | 51 | 46 | 154 | 150 | 273 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Current assets | 6,651 | 8,891 | 8,572 | 9,779 | 10,487 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Current liabilities | 7,303 | 6,721 | 4,828 | 4,838 | 5,361 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Trade payables | 536 | 765 | 833 | 907 | 993 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Short-term borrowings | 2,500 | 2,500 | 140 | 140 | 140 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Long-term borrowings | 2,877 | 1,737 | 1,591 | 1,371 | 882 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Bonds | 9 | — | — | — | — | S100R97B |
| Interest-bearing debt | 5,386 | — | — | — | — | 算出 |
| Total liabilities | 11,471 | 9,838 | 7,960 | 7,880 | 7,959 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Equity attributable to owners of parent | 3,648 | 7,231 | 8,648 | 9,685 | 10,970 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Retained earnings | -367 | 1,262 | 2,785 | 3,877 | 5,132 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |
| Treasury stock | -99 | -96 | -251 | -320 | -292 | S100R97B, S100TXU8, S100W3HE, S100YLK6 |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 35% | S100YLK6 |
| Receivables | 5% | S100YLK6 |
| Inventories | 3% | S100YLK6 |
| Property, plant and equipment | 30% | S100YLK6 |
| Intangibles and goodwill | 1% | S100YLK6 |
| Investment securities | 1% | S100YLK6 |
| Other assets | 25% | S100YLK6 |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 5% | S100YLK6 |
| Other liabilities | 35% | S100YLK6 |
| Equity | 60% | S100YLK6 |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 15,272 | 17,478 | 17,229 | 18,541 | 20,072 |
| Equity | 3,801 | 7,640 | 9,270 | 10,662 | 12,113 |
| Interest-bearing debt | 5,386 | — | — | — | — |
| Cash | 5,125 | 7,275 | 5,576 | 6,498 | 7,001 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 16.9% | S100YLK6 |
| Fixed assets ÷ total assets | 30.5% | S100YLK6 |
| Goodwill ÷ parent equity | 0.7% | S100YLK6 |

Goodwill over 4 years: 137 → 82 JPY; total investing cash flow: -7,118 JPY. This does not imply causation.

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 34.9% |
| Cash ÷ revenue | 19.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 119.5% |
| Cash vs. profit gap | 950 JPY mn (of net income 51.9%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 31.4% |
| Shareholder payments — dividends / FCF | 43.0% |
| CapEx intensity (capex ÷ revenue) | 4.0% |
| Investing CF relative to operating CF | 44.3% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 4.8% | 1.27× | 6.0% | 4.19× | 25.3% | S100R97B |
| 2023 | 6.2% | 1.59× | 9.9% | 3.01× | 29.9% | S100TXU8 |
| 2024 | 6.9% | 1.83× | 12.6% | 2.19× | 27.5% | S100W3HE |
| 2025 | 5.1% | 1.91× | 9.8% | 1.95× | 19.2% | S100YLK6 |
| 2026 | 5.0% | 1.88× | 9.5% | 1.87× | 17.7% | S100YLK6 |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| E&RS' FORCE CREATION PTE.LTD. | Major shareholder | 23.3% | 2026-03-31 |
| 河原 成美 | Major shareholder | 17.9% | 2026-03-31 |
| 株式会社麻生 | Major shareholder | 9.8% | 2026-03-31 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 4.1% | 2026-03-31 |
| 株式会社CFT Japan Holdings | Major shareholder | 3.6% | 2026-03-31 |
| 河原 恵美 | Major shareholder | 2.1% | 2026-03-31 |
| BBH(LUX) FOR FIDELITY FUNDS-PACIFIC POOL | Major shareholder | 1.4% | 2026-03-31 |
| 日清製粉株式会社 | Major shareholder | 1.0% | 2026-03-31 |
| アリアケジャパン株式会社 | Major shareholder | 1.0% | 2026-03-31 |
| 鳥越製粉株式会社 | Major shareholder | 1.0% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第41期(2025/04/01－2026/03/31) | S100YLK6 | 2026-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YLK6,, |
| 有価証券報告書－第40期(2024/04/01－2025/03/31) | S100W3HE | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W3HE,, |
| 有価証券報告書－第39期(2023/04/01－2024/03/31) | S100TXU8 | 2024-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TXU8,, |
| 有価証券報告書－第38期(2022/04/01－2023/03/31) | S100R97B | 2023-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R97B,, |
| 有価証券報告書－第37期(令和3年4月1日－令和4年3月31日) | S100OLGJ | 2022-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OLGJ,, |
| 有価証券報告書－第36期(令和2年4月1日－令和3年3月31日) | S100LVQY | 2021-06-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LVQY,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).