# COLOWIDE CO.,LTD.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, IFRS
> Unit: JPY millions
> Sources: 有価証券報告書－第64期(2025/04/01－2026/03/31) (S100YG3O)
> Page: https://vizora.meequs.com/en/company/colowide
> Retrieved: 2026-09-30T21:31:07.074Z

## Company

Colowide, founded in 1963, is a company in Fast Food & Quick Service listed on TSE Prime. It has 5,907 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | COLOWIDE CO.,LTD. |
| Ticker | 7616 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7616.T) |
| Listing | TSE Prime |
| Head office | 神奈川県横浜市西区みなとみらい二丁目2番1号 |
| Representative (per filing) | 代表取締役社長 野尻 公平 |
| Founded | Apr 1963 |
| Share capital | ¥43.8B |
| Employees (consolidated) | 5,907 |
| Average salary (parent only) | ¥6.7M |
| Fiscal year end | March |
| Website | colowide.co.jp (https://colowide.co.jp/) |
| Corporate number | 8020001040291 |
| EDINET | E03321 |
| Industries (Vizora) | Fast Food & Quick Service, Restaurants & Pubs |

> Profile source: annual securities report (S100YG3O, filed 2026-06-22). As of filing

## Five-axis industry profile

Primary industry: Restaurants & Pubs (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 45.5 | 56 |
| Profitability | 40.2 | 66 |
| Cash conversion | 90 | 55 |
| Efficiency | 8.3 | 66 |

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 30% of Colowide's sales come from REINS, with KAPPA CRIATE and Other making up much of the rest.
- Out of every ¥100 of sales, about ¥3 is left as operating profit.
- Revenue changed +11.5% from the prior year, operating profit +22.0%.

## Company structure

- Segment revenue mix: REINS 30.4%、KAPPA CRIATE 24.1%、Other 15.2%、OOTOYA Holdings Co.,Ltd. 12.3%、ATOM 10.1%
- Revenue → net income: ¥300090000000 → ¥1713000000
- Net income → operating cash flow: ¥1713000000 → ¥28714000000（difference ¥27001000000）
- Main uses of operating cash flow: CapEx ¥12200000000 / dividends ¥1056000000 / buybacks —
- Change in cash: ¥-8345000000
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 | ¥300.1B |  |
| Operating income | ¥9.41B | Margin 3.1% |
| Net income | ¥2.23B | Margin 0.7% |
| Free cash flow | ¥16.5B |  |
| Largest business | REINS | of segment revenue 30.4% |
| Employees (consolidated) | 5,907 |  |
| EPS | ¥15.73 |  |
| Diluted EPS | ¥15.73 |  |
| Book value per share | ¥620.87 |  |
| Equity ratio | 24.0% | Derived from disclosed figures |
| Shares outstanding | 106,453,541 |  |
| Treasury shares | 147,700 |  |
| Shareholders | 141,233 |  |
| Average salary (parent only) | ¥6.7M | Filing company only |
| Cash ratio | 18.0% | Cash ÷ revenue 21.1% |
| Vs. industry median margin | -0.8 pp | Restaurants & Pubs |
| ROE | 2.8% | Derived from disclosed figures |
| ROA | 0.7% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 12.9× net income
- FY2026, segment profit share differs by 33 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥168181000000 | ¥300090000000 | +78.4% |
| Operating income | ¥-13348000000 | ¥9407000000 | — |
| Operating margin | -7.9% | 3.1% | +11.1 pp |
| Employees | 5,625 people | 5,907 people | +5.0% |
| Cash and equivalents | ¥38422000000 | ¥63191000000 | +64.5% |

### 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 |
| --- | ---: |
| ㈱コロワイドＭＤ → ㈱コロワイドＭＤ | 0.9% |
| ㈱アトム → ㈱アトム | 10.1% |
| ㈱アトム → 事業再編・廃止 | 8.9% |
| ㈱レインズインターナショナル → ㈱レインズインターナショナル | 30.4% |
| ㈱レインズインターナショナル → 事業再編・廃止 | 4.3% |
| カッパ・クリエイト㈱ → カッパ・クリエイト㈱ | 24.1% |
| カッパ・クリエイト㈱ → 事業再編・廃止 | 14.1% |
| ㈱大戸屋ホールディングス → ㈱大戸屋ホールディングス | 5.2% |
| その他 → その他 | 1.8% |
| 新設・再編 → ㈱コロワイドＭＤ | 0.2% |
| 新設・再編 → ㈱大戸屋ホールディングス | 7.1% |
| 新設・再編 → Seagrass Holdco Pty Ltd | 6.7% |
| 新設・再編 → その他 | 13.3% |

Segment revenue source references: 13 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| REINS | 5 years | +9.3% | ¥91289000000 | 3.8% | 2 |
| KAPPA CRIATE | 5 years | +2.4% | ¥72347000000 | -0.4% | 2 |
| Other | 5 years | +71.5% | ¥45513000000 | 4.8% | 2 |
| OOTOYA Holdings Co.,Ltd. | 5 years | +33.2% | ¥36916000000 | 4.6% | 2 |
| ATOM | 5 years | -1.0% | ¥30434000000 | -2.7% | 2 |
| Seagrass Holdco | — | — | ¥20041000000 | 12.9% | 2 |
| COLOWIDE MD | 5 years | +17.6% | ¥3548000000 | 145.7% | 2 |

## Income statement（FY ending Mar 2026, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 300,090 | 100.0% | S100YG3O |
| Cost of revenue | 121,345 | 40.4% | S100YG3O |
| Gross profit | 178,745 | 59.6% | S100YG3O |
| SG&A | 166,218 | 55.4% | S100YG3O |
| Operating income | 9,407 | 3.1% | S100YG3O |
| Pretax income | 6,547 | 2.2% | S100YG3O |
| Income tax | 4,834 | 1.6% | S100YG3O |
| Net income | 1,713 | 0.6% | S100YG3O |
| Net income attributable to owners | 2,233 | 0.7% | S100YG3O |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 41 |
| SG&A | 55 |
| Other operating | 1 |
| Operating income | 3 |
| (Ref.) Net income | 1 |

### Margin funnel

Gross margin 59.6% → Operating margin 3.1% → Net margin 0.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +11.5%; Core profit growth: +22.0%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.91×
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 | 269,156 | 300,090 | 30,934 | +11.5% |
| Gross profit | 156,766 | 178,745 | 21,979 | +14.0% |
| Operating income | 7,712 | 9,407 | 1,695 | +22.0% |
| Net income attributable to owners | 1,249 | 2,233 | 984 | +78.8% |
| Operating cash flow | 28,808 | 28,714 | -94 | -0.3% |
| Free cash flow | 17,397 | 16,514 | -883 | -5.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2017 | 234,444 | — | — | -1,398 | 4,990 | — | S100MSF7 |
| FY ending Mar 2018 | 245,911 | — | — | 1,170 | 16,658 | — | S100OKNM |
| FY ending Mar 2019 | 244,360 | — | — | 632 | 15,971 | — | S100R6YN |
| FY ending Mar 2020 | 235,334 | -4,606 | -2.0% | -6,447 | 26,072 | 16,776 | S100MSF7 |
| FY ending Mar 2021 | 168,181 | -13,348 | -7.9% | -10,085 | 3,420 | -1,903 | S100OKNM |
| FY ending Mar 2022 | 175,627 | 5,055 | 2.9% | 1,437 | 23,830 | 18,089 | S100R6YN |
| FY ending Mar 2023 | 220,830 | -6,743 | -3.1% | -6,801 | 28,783 | 19,563 | S100TZCZ |
| FY ending Mar 2024 | 241,284 | 7,117 | 2.9% | 2,905 | 29,879 | 16,916 | S100W1YL |
| FY ending Mar 2025 | 269,156 | 7,712 | 2.9% | 1,249 | 28,808 | 17,397 | S100YG3O |
| FY ending Mar 2026 | 300,090 | 9,407 | 3.1% | 2,233 | 28,714 | 16,514 | S100YG3O |

## People and productivity（FY ending Mar 2026, consolidated, IFRS）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥50.8M |
| Operating income per employee (consolidated) | ¥1.6M |
| Net income per employee (consolidated) | ¥378K |

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) | 5,319 | 4,227 | 4,502 | 5,270 | 5,907 |
| Average salary (parent company) | ¥6M | ¥6.4M | ¥6.7M | ¥6.5M | ¥6.7M |
| Average age (parent company) | 45.2 years | 43.9 years | 44.2 years | 44.0 years | 44.1 years |
| Average tenure (parent company) | 12.7 years | 12.9 years | 13.9 years | 14.2 years | 14.2 years |

Year over year: Employees (consolidated) +12.1% · Revenue (consolidated) +11.5%

## Segments（FY ending Mar 2026, consolidated, IFRS、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| COLOWIDE MD | 3,548 | 1.2% | 5,168 | 145.7% |
| ATOM | 30,434 | 10.1% | -828 | -2.7% |
| REINS | 91,289 | 30.4% | 3,454 | 3.8% |
| KAPPA CRIATE | 72,347 | 24.1% | -255 | -0.4% |
| OOTOYA Holdings Co.,Ltd. | 36,916 | 12.3% | 1,709 | 4.6% |
| Seagrass Holdco | 20,041 | 6.7% | 2,583 | 12.9% |
| Other | 45,513 | 15.2% | 2,199 | 4.8% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| COLOWIDE MD | 1.2% | 34.2% | 33.0 | 145.7% |
| ATOM | 10.1% | — | — | -2.7% |
| REINS | 30.4% | 22.9% | -7.6 | 3.8% |
| KAPPA CRIATE | 24.1% | — | — | -0.4% |
| OOTOYA Holdings Co.,Ltd. | 12.3% | 11.3% | -1.0 | 4.6% |
| Seagrass Holdco | 6.7% | 17.1% | 10.4 | 12.9% |
| Other | 15.2% | 14.6% | -0.6 | 4.8% |

Loss-making segment (excluded from profit shares): ATOM -828 JPY mn

Loss-making segment (excluded from profit shares): KAPPA CRIATE -255 JPY mn

Segment → industry: OOTOYA Holdings Co.,Ltd. → Fast Food & Quick Service / Seagrass Holdco → Restaurants & Pubs / KAPPA CRIATE → Restaurants & Pubs / REINS → Restaurants & Pubs / ATOM → Restaurants & Pubs / COLOWIDE MD → Restaurants & Pubs

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, consolidated, IFRS）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 28,714 | 9.6% | S100YG3O |
| Capital expenditure | 12,200 | 4.1% | S100YG3O |
| Free cash flow | 16,514 | 5.5% | 算出 |
| Investing cash flow | -30,755 | -10.2% | S100YG3O |
| Financing cash flow | -6,773 | -2.3% | S100YG3O |
| Dividends paid | 1,056 | 0.4% | S100YG3O |
| Change in cash | -8,345 | -2.8% | S100YG3O |
| Cash and equivalents | 63,191 | 21.1% | S100YG3O |

## 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 | 48,534 | 50,066 | 46,307 | 71,537 | 63,191 | S100TZCZ, S100W1YL, S100YG3O |
| Total assets | 267,698 | 261,859 | 265,115 | 312,226 | 350,931 | S100R6YN, S100TZCZ, S100W1YL, S100YG3O |
| Net assets | 60,030 | 50,701 | 54,135 | 87,108 | 93,596 | S100TZCZ, S100W1YL, S100YG3O |
| Share capital | 27,905 | 27,905 | 27,905 | 43,814 | 43,814 | S100R6YN, S100TZCZ, S100W1YL, S100YG3O |
| Property, plant and equipment | 41,501 | 42,872 | 48,100 | 52,883 | 59,767 | S100R6YN, S100TZCZ, S100W1YL, S100YG3O |
| Goodwill | 80,218 | 80,188 | 82,534 | 91,877 | 120,823 | S100R6YN, S100TZCZ, S100W1YL, S100YG3O |
| Current assets | 70,936 | 69,312 | 67,275 | 95,631 | 91,878 | S100R6YN, S100TZCZ, S100W1YL, S100YG3O |
| Total liabilities | 207,668 | 211,158 | 210,981 | 225,118 | 257,336 | S100R6YN, S100TZCZ, S100W1YL, S100YG3O |
| Equity attributable to owners of parent | 50,300 | 42,745 | 44,954 | 77,537 | 84,232 | S100R6YN, S100TZCZ, S100W1YL, S100YG3O |
| Retained earnings | -17,421 | -25,172 | -23,219 | -22,922 | -21,746 | S100R6YN, S100TZCZ, S100W1YL, S100YG3O |
| Treasury stock | -159 | -143 | -126 | -109 | -95 | S100R6YN, S100TZCZ, S100W1YL, S100YG3O |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 18% | S100YG3O |
| Property, plant and equipment | 17% | S100YG3O |
| Intangibles and goodwill | 34% | — |
| Other assets | 31% | S100YG3O |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 73% | S100YG3O |
| Equity | 27% | S100YG3O |

### 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 | 267,698 | 261,859 | 265,115 | 312,226 | 350,931 |
| Equity | 60,030 | 50,701 | 54,135 | 87,108 | 93,596 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 48,534 | 50,066 | 46,307 | 71,537 | 63,191 |

## 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) | 19.9% | S100YG3O |
| Fixed assets ÷ total assets | 17.0% | S100YG3O |
| Goodwill ÷ parent equity | 143.4% | S100YG3O |

Goodwill over 4 years: 80,218 → 120,823 JPY; total investing cash flow: -78,253 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) | 18.0% |
| Cash ÷ revenue | 21.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 305.2% |
| Cash vs. profit gap | 26,481 JPY mn (of net income 1185.9%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 47.3% |
| Shareholder payments — dividends / FCF | 6.4% |
| CapEx intensity (capex ÷ revenue) | 4.1% |
| Investing CF relative to operating CF | 107.1% |

## 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 | 0.8% | 0.66× | 0.5% | 5.32× | 2.9% | S100R6YN |
| 2023 | — | —× | -2.6% | —× | — | S100TZCZ |
| 2024 | 1.2% | 0.92× | 1.1% | 6.01× | 6.6% | S100W1YL |
| 2025 | 0.5% | 0.93× | 0.4% | 4.71× | 2.0% | S100YG3O |
| 2026 | 0.7% | 0.91× | 0.7% | 4.10× | 2.8% | S100YG3O |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行㈱（信託口） | Major shareholder | 8.9% | 2026-03-31 |
| ㈱サンクロード | Major shareholder | 5.4% | 2026-03-31 |
| 蔵人 良子 | Major shareholder | 3.8% | 2026-03-31 |
| 蔵人 賢樹 | Major shareholder | 2.7% | 2026-03-31 |
| 蔵人 金男 | Major shareholder | 2.5% | 2026-03-31 |
| ㈱日本カストディ銀行（信託口） | Major shareholder | 1.4% | 2026-03-31 |
| 鈴木 理永 | Major shareholder | 1.0% | 2026-03-31 |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG（FE-AC） （決済事業部常任代理人 ㈱三菱UFJ銀行） | Major shareholder | 0.4% | 2026-03-31 |
| JP JPMSE LUX RE NOMURA INT PLC １ EQCO （決済事業部常任代理人 ㈱三菱UFJ銀行） | Major shareholder | 0.4% | 2026-03-31 |
| ㈱日本カストディ銀行（信託口４） | Major shareholder | 0.4% | 2026-03-31 |

## AI commentary（text by AI; the tables above are authoritative、claude-code）

- In the FY ending Mar 2026, revenue grew +11.5% from ¥269.2B to ¥300.1B, and operating income grew +22.0% from ¥7.71B to ¥9.41B.
- Net income attributable to owners rose +78.8% to ¥2.23B, but it is still thin: the net margin is 0.7%.
- Operating cash flow was flat at ¥28.7B (-0.3%), and free cash flow slipped -5.1% to ¥16.5B.

### Drivers

- The group bought Seagrass Holdco, a steak restaurant chain in Oceania, which added new revenue.
- Ootoya grew both sales and profit, helped by seasonal menus.
- Impairment losses and a write-down of deferred tax assets, mainly at the struggling Kappa Create and Atom units, held back the bottom line.

### Risks

- The company expects food and labor costs, along with staff shortages, to keep pushing costs up.
- Goodwill built up through acquisitions could turn into impairment losses if acquired businesses lose value.
- As overseas stores grow, sudden currency moves could lead to valuation losses.

Cited: Annual securities report, 64th fiscal year (Apr 2025 – Mar 2026) (経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析); Annual securities report, 64th fiscal year (Apr 2025 – Mar 2026) (事業等のリスク)

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第64期(2025/04/01－2026/03/31) | S100YG3O | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YG3O,, |
| 有価証券報告書－第63期(2024/04/01－2025/03/31) | S100W1YL | 2025-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W1YL,, |
| 訂正有価証券報告書－第62期(2023/04/01－2024/03/31) | S100TZCZ | 2024-07-03 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TZCZ,, |
| 有価証券報告書－第61期(2022/04/01－2023/03/31) | S100R6YN | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R6YN,, |
| 有価証券報告書－第60期(令和3年4月1日－令和4年3月31日) | S100OKNM | 2022-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OKNM,, |
| 訂正有価証券報告書－第59期(令和2年4月1日－令和3年3月31日) | S100MSF7 | 2021-11-10 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MSF7,, |

## 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).