# Genki Global Dining Concepts Corporation: 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47期(2025/04/01－2026/03/31) (S100YCXM)
> Page: https://vizora.meequs.com/en/company/genki-global-dining-concepts
> Retrieved: 2026-09-30T20:27:13.970Z

## Company

Genki Global Dining Concepts, founded in 1979, is a company in Restaurants & Pubs listed on TSE Standard. It has 691 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | Genki Global Dining Concepts Corporation |
| Ticker | 9828 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/9828.T) |
| Listing | TSE Standard |
| Head office | 東京都台東区上野3丁目24番6号 |
| Representative (per filing) | 代表取締役 社長執行役員 藤尾 益造 |
| Founded | Jul 1979 |
| Share capital | ¥100M |
| Employees (consolidated) | 691 |
| Average salary (parent only) | ¥5.8M |
| Fiscal year end | March |
| Website | www.genki-gdc.co.jp (https://www.genki-gdc.co.jp/) |
| Corporate number | 8060001001562 |
| EDINET | E03176 |
| Industries (Vizora) | Restaurants & Pubs |

> Profile source: annual securities report (S100YCXM, filed 2026-06-17). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 52.7 | 56 |
| Profitability | 78 | 66 |
| Cash conversion | 13.6 | 55 |
| Efficiency | 58.3 | 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 87% of Genki Global Dining Concepts's sales come from DOMESTIC OPERATIONS, with OVERSEAS OPERATIONS making up much of the rest.
- Out of every ¥100 of sales, about ¥7 is left as operating profit.
- Revenue changed +9.2% from the prior year, operating profit -29.4%.

## Company structure

- Segment revenue mix: DOMESTIC OPERATIONS 87.0%、OVERSEAS OPERATIONS 13.0%
- Revenue → net income: ¥73711000000 → ¥3492000000
- Net income → operating cash flow: ¥3492000000 → ¥4673000000（difference ¥1181000000）
- Main uses of operating cash flow: CapEx ¥2735000000 / dividends ¥1324000000 / buybacks —
- Change in cash: ¥16539000000
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 | ¥73.7B |  |
| Operating income | ¥4.8B | Margin 6.5% |
| Net income | ¥3.49B | Margin 4.7% |
| Free cash flow | ¥1.94B |  |
| Largest business | DOMESTIC OPERATIONS | of segment revenue 87.0% |
| Employees (consolidated) | 691 |  |
| EPS | ¥171.82 |  |
| Book value per share | ¥948.37 |  |
| Equity ratio | 32.6% |  |
| Shares outstanding | 17,765,000 |  |
| Treasury shares | 106,200 |  |
| Shareholders | 16,240 |  |
| Average salary (parent only) | ¥5.8M | Filing company only |
| Cash ratio | 47.9% | Cash ÷ revenue 38.7% |
| Vs. industry median margin | +2.6 pp | Restaurants & Pubs |
| ROE | 19.6% | Derived from disclosed figures |
| ROA | 7.4% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 63% of positive segment profit
- FY2026, cash is 48% of total assets
- FY2026, segment profit share differs by -25 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥38252894000 | ¥73711000000 | +92.7% |
| Operating income | ¥-452903000 | ¥4797000000 | — |
| Operating margin | -1.2% | 6.5% | +7.7 pp |
| Employees | 563 people | 691 people | +22.7% |
| Cash and equivalents | ¥5261705000 | ¥28492000000 | +441.5% |

### 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 |
| --- | ---: |
| 国内事業 → 事業再編・廃止 | 89.2% |
| 海外事業 → 事業再編・廃止 | 10.8% |
| 新設・再編 → 国内事業 | 87.0% |
| 新設・再編 → 海外事業 | 13.0% |

Segment revenue source references: 4 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 73,711 | 100.0% | S100YCXM |
| Cost of revenue | 33,271 | 45.1% | S100YCXM |
| Gross profit | 40,440 | 54.9% | S100YCXM |
| SG&A | 35,642 | 48.4% | S100YCXM |
| Operating income | 4,797 | 6.5% | S100YCXM |
| Ordinary income | 5,242 | 7.1% | S100YCXM |
| Pretax income | 5,217 | 7.1% | S100YCXM |
| Income tax | 1,725 | 2.3% | S100YCXM |
| Net income | 3,492 | 4.7% | S100YCXM |
| Net income attributable to owners | 3,492 | 4.7% | S100YCXM |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 45 |
| SG&A | 48 |
| Operating income | 7 |
| (Ref.) Net income | 5 |

### Margin funnel

Gross margin 54.9% → Operating margin 6.5% → Net margin 4.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +9.2%; Core profit growth: -29.4%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -3.18×
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 | 67,472 | 73,711 | 6,239 | +9.2% |
| Gross profit | 40,222 | 40,440 | 218 | +0.5% |
| Operating income | 6,792 | 4,797 | -1,995 | -29.4% |
| Net income attributable to owners | 4,960 | 3,492 | -1,468 | -29.6% |
| Operating cash flow | 6,787 | 4,673 | -2,114 | -31.1% |
| Free cash flow | 4,856 | 1,938 | -2,918 | -60.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 43,435 | 1,971 | 4.5% | 292 | 3,028 | 1,796 | S100LR7P |
| FY ending Mar 2021 | 38,253 | -453 | -1.2% | -443 | 1,599 | 45 | S100PA9R |
| FY ending Mar 2022 | 44,608 | 265 | 0.6% | 1,302 | 4,027 | 2,591 | S100R2AN |
| FY ending Mar 2023 | 54,614 | 1,737 | 3.2% | 1,013 | 4,676 | 2,666 | S100TOZJ |
| FY ending Mar 2024 | 61,838 | 4,917 | 8.0% | 3,262 | 6,216 | 5,094 | S100VZ3B |
| FY ending Mar 2025 | 67,472 | 6,792 | 10.1% | 4,960 | 6,787 | 4,856 | S100YCXM |
| FY ending Mar 2026 | 73,711 | 4,797 | 6.5% | 3,492 | 4,673 | 1,938 | S100YCXM |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥106.7M |
| Operating income per employee (consolidated) | ¥6.9M |
| Net income per employee (consolidated) | ¥5.1M |

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) | 566 | 548 | 595 | 625 | 691 |
| Average salary (parent company) | ¥5M | ¥5M | ¥5.8M | ¥5.8M | ¥5.8M |
| Average age (parent company) | 39.1 years | 40.0 years | 40.2 years | 40.1 years | 40.5 years |
| Average tenure (parent company) | 11.2 years | 11.9 years | 11.1 years | 10.8 years | 11.0 years |

Year over year: Employees (consolidated) +10.6% · Revenue (consolidated) +9.2%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| DOMESTIC OPERATIONS | 61,126 | 87.0% | 3,268 | 5.3% |
| OVERSEAS OPERATIONS | 9,101 | 13.0% | 1,958 | 21.5% |

### 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 OPERATIONS | 87.0% | 62.5% | -24.5 | 5.3% |
| OVERSEAS OPERATIONS | 13.0% | 37.5% | 24.5 | 21.5% |

Segment → industry: OVERSEAS OPERATIONS → Restaurants & Pubs / DOMESTIC OPERATIONS → 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 | 4,673 | 6.3% | S100YCXM |
| Capital expenditure | 2,735 | 3.7% | S100YCXM |
| Free cash flow | 1,938 | 2.6% | 算出 |
| Investing cash flow | -4,473 | -6.1% | S100YCXM |
| Financing cash flow | 16,225 | 22.0% | S100YCXM |
| Dividends paid | 1,324 | 1.8% | S100YCXM |
| Change in cash | 16,539 | 22.4% | S100YCXM |
| Cash and equivalents | 28,492 | 38.7% | S100YCXM |

## 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 | 6,996 | 7,688 | 10,547 | 11,952 | 28,492 | S100TOZJ, S100VZ3B, S100YCXM |
| Total assets | 26,910 | 30,760 | 32,774 | 34,814 | 59,484 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Net assets | 9,302 | 10,300 | 13,536 | 17,060 | 19,420 | S100TOZJ, S100VZ3B, S100YCXM |
| Share capital | 100 | 100 | 100 | 100 | 100 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Property, plant and equipment | 10,207 | 12,230 | 11,436 | 11,796 | 12,079 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Intangible assets excluding goodwill | 560 | 547 | 335 | 284 | 585 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Investment securities | 33 | 33 | 35 | 37 | 110 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Current assets | 9,308 | 11,064 | 14,275 | 15,834 | 38,280 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Current liabilities | 7,744 | 9,851 | 10,657 | 10,813 | 30,872 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Short-term borrowings | — | — | — | — | 20,493 | S100YCXM |
| Long-term borrowings | 3,961 | 3,235 | 2,011 | 780 | 3,358 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Total liabilities | 17,608 | 20,460 | 19,237 | 17,753 | 40,063 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Equity attributable to owners of parent | 9,286 | 10,166 | 13,166 | 16,718 | 18,892 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Retained earnings | 6,867 | 7,748 | 10,745 | 14,293 | 16,461 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |
| Treasury stock | -77 | -78 | -77 | -77 | -76 | S100R2AN, S100TOZJ, S100VZ3B, S100YCXM |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 48% | S100YCXM |
| Property, plant and equipment | 20% | S100YCXM |
| Intangibles and goodwill | 1% | S100YCXM |
| Investment securities | 0% | S100YCXM |
| Other assets | 31% | S100YCXM |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 67% | S100YCXM |
| Equity | 33% | S100YCXM |
| Other liabilities | 0% | S100YCXM |

### 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 | 26,910 | 30,760 | 32,774 | 34,814 | 59,484 |
| Equity | 9,302 | 10,300 | 13,536 | 17,060 | 19,420 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 6,996 | 7,688 | 10,547 | 11,952 | 28,492 |

## 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) | 16.4% | S100YCXM |
| Fixed assets ÷ total assets | 20.3% | S100YCXM |
| Goodwill ÷ parent equity | — | —, S100YCXM |

### 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) | 47.9% |
| Cash ÷ revenue | 38.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 97.4% |
| Cash vs. profit gap | 1,181 JPY mn (of net income 33.8%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 37.9% |
| Shareholder payments — dividends / FCF | 68.3% |
| CapEx intensity (capex ÷ revenue) | 3.7% |
| Investing CF relative to operating CF | 95.7% |

## 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 | 2.9% | 1.66× | 4.8% | 2.90× | 14.0% | S100R2AN |
| 2023 | 1.9% | 1.89× | 3.5% | 2.96× | 10.4% | S100TOZJ |
| 2024 | 5.3% | 1.95× | 10.3% | 2.72× | 28.0% | S100VZ3B |
| 2025 | 7.4% | 2.00× | 14.7% | 2.26× | 33.2% | S100YCXM |
| 2026 | 4.7% | 1.56× | 7.4% | 2.65× | 19.6% | S100YCXM |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| ㈱神明ホールディングス | Major shareholder | 40.8% | 2026-03-31 |
| 日本マスタートラスト信託銀行㈱（信託口） | Major shareholder | 5.5% | 2026-03-31 |
| Ｇｅｎｋｉ Ｇｌｏｂａｌ Ｄｉｎｉｎｇ Ｃｏｎｃｅｐｔｓ取引先持株会 | Major shareholder | 2.7% | 2026-03-31 |
| ㈱足利銀行 | Major shareholder | 2.0% | 2026-03-31 |
| ㈱日本カストディ銀行（信託口） | Major shareholder | 0.9% | 2026-03-31 |
| ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５１０４８２ （常任代理人㈱みずほ銀行） | Major shareholder | 0.7% | 2026-03-31 |
| ＪＰ ＭＯＲＧＡＮ ＣＨＡＳＥ ＢＡＮＫ ３８５７８１（常任代理人㈱みずほ銀行） | Major shareholder | 0.6% | 2026-03-31 |
| Ｇｅｎｋｉ Ｇｌｏｂａｌ Ｄｉｎｉｎｇ Ｃｏｎｃｅｐｔｓ従業員持株会 | Major shareholder | 0.5% | 2026-03-31 |
| ＳＴＡＴＥ ＳＴＲＥＥＴ ＢＡＮＫ ＡＮＤ ＴＲＵＳＴ ＣＯＭＰＡＮＹ ５０５００１ （常任代理人㈱みずほ銀行） | Major shareholder | 0.4% | 2026-03-31 |
| ＢＮＰ ＰＡＲＩＢＡＳ ＳＹＤＮＥＹ／２Ｓ／ＪＡＳＤＥＣ／ＤＩＶＥＲＳＩＦＩＥＤ ＧＬＯＢＡＬ ＳＨＡＲＥ ＴＲＵＳＴ／ＴＡＸＡＢＬＥ（常任代理人上海銀行） | Major shareholder | 0.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第47期(2025/04/01－2026/03/31) | S100YCXM | 2026-06-17 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YCXM,, |
| 有価証券報告書－第46期(2024/04/01－2025/03/31) | S100VZ3B | 2025-06-18 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZ3B,, |
| 有価証券報告書－第45期(2023/04/01－2024/03/31) | S100TOZJ | 2024-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TOZJ,, |
| 有価証券報告書－第44期(2022/04/01－2023/03/31) | S100R2AN | 2023-06-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R2AN,, |
| 訂正有価証券報告書－第43期(令和3年4月1日－令和4年3月31日) | S100PA9R | 2022-10-03 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PA9R,, |
| 有価証券報告書－第42期(令和2年4月1日－令和3年3月31日) | S100LR7P | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LR7P,, |

## 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).