# HIDAY HIDAKA Corp.: business model and financials

> Latest period: FY ending Feb 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 訂正有価証券報告書－第48期(2025/03/01－2026/02/28) (S100YQ0A)
> Page: https://vizora.meequs.com/en/company/hiday
> Retrieved: 2026-09-30T19:05:54.099Z

## Company

Hiday Hidaka, founded in 1978, is a company in Fast Food & Quick Service listed on TSE Prime. It has 1,088 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | HIDAY HIDAKA Corp. |
| Ticker | 7611 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7611.T) |
| Listing | TSE Prime |
| Head office | 埼玉県さいたま市大宮区大門町二丁目118番地 |
| Representative (per filing) | 代表取締役社長 青野 敬成 |
| Founded | Mar 1978 |
| Share capital | ¥1.63B |
| Employees (consolidated) | 1,088 |
| Average salary (parent only) | ¥5.5M |
| Fiscal year end | February |
| Website | www.hiday.co.jp (https://www.hiday.co.jp/) |
| Corporate number | 1030001006892 |
| EDINET | E03318 |
| Industries (Vizora) | Fast Food & Quick Service |

> Profile source: annual securities report (S100YQ0A, filed 2026-07-13). As of filing

## Five-axis industry profile

Primary industry: Fast Food & Quick Service (2026-02-28)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 69.4 | 18 |
| Profitability | 88.6 | 22 |
| Cash conversion | 11.9 | 21 |
| Efficiency | 61.4 | 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)

- Hiday Hidaka brought in ¥62.3B in revenue.
- Out of every ¥100 of sales, about ¥10 is left as operating profit.
- Revenue changed +11.9% from the prior year, operating profit +19.4%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥62252860000 → ¥4731726000
- Net income → operating cash flow: ¥4731726000 → ¥6047213000（difference ¥1315487000）
- Main uses of operating cash flow: CapEx ¥2264368000 / dividends ¥1795604000 / buybacks ¥4002660000
- Change in cash: ¥-2235060000
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 | ¥62.3B |  |
| Operating income | ¥6.58B | Margin 10.6% |
| Net income | ¥4.73B | Margin 7.6% |
| Free cash flow | ¥3.78B |  |
| Employees (consolidated) | 1,088 |  |
| EPS | ¥130.74 |  |
| Book value per share | ¥690.85 |  |
| Equity ratio | 72.8% |  |
| Shares outstanding | 38,147,116 |  |
| Treasury shares | 2,144,000 |  |
| Shareholders | 24,804 |  |
| Average salary (parent only) | ¥5.5M | Filing company only |
| Cash ratio | 32.9% | Cash ÷ revenue 18.1% |
| Vs. industry median margin | +5.1 pp | Fast Food & Quick Service |
| ROE | 18.7% | Derived from disclosed figures |
| ROA | 13.8% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 2.2× dividends
- FY2026, revenue is 2.4× its level five years ago
- FY2026, cash is 33% of total assets

## What changed in 5 years

| Metric | FY ending Feb 2021 | FY ending Feb 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥29563909000 | ¥62252860000 | +110.6% |
| Operating income | ¥-2799656000 | ¥6584163000 | — |
| Operating margin | -9.5% | 10.6% | +20 pp |
| Employees | 859 people | 1,088 people | +26.7% |
| Cash and equivalents | ¥6925028000 | ¥11242755000 | +62.3% |

### Change in segment revenue mix

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

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 62,253 | 100.0% | S100YQ0A |
| Cost of revenue | 19,198 | 30.8% | S100YQ0A |
| Gross profit | 43,055 | 69.2% | S100YQ0A |
| SG&A | 36,471 | 58.6% | S100YQ0A |
| Operating income | 6,584 | 10.6% | S100YQ0A |
| Ordinary income | 6,588 | 10.6% | S100YQ0A |
| Pretax income | 6,547 | 10.5% | S100YQ0A |
| Income tax | 1,815 | 2.9% | S100YQ0A |
| Net income | 4,732 | 7.6% | S100YQ0A |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 31 |
| SG&A | 59 |
| Operating income | 10 |
| (Ref.) Net income | 8 |

### Margin funnel

Gross margin 69.2% → Operating margin 10.6% → Net margin 7.6%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +11.9%; Core profit growth: +19.4%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.63×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 55,630 | 62,253 | 6,623 | +11.9% |
| Gross profit | 39,089 | 43,055 | 3,966 | +10.1% |
| Operating income | 5,514 | 6,584 | 1,070 | +19.4% |
| Operating cash flow | 5,365 | 6,047 | 683 | +12.7% |
| Free cash flow | 3,586 | 3,783 | 197 | +5.5% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Feb 2020 | 42,210 | 4,096 | 9.7% | 2,579 | 3,658 | 2,626 | S100LE7L |
| FY ending Feb 2021 | 29,564 | -2,800 | -9.5% | -2,947 | -4,473 | -5,637 | S100O4B9 |
| FY ending Feb 2022 | 26,403 | -3,523 | -13.3% | 1,579 | 4,395 | 2,709 | S100QT9Y |
| FY ending Feb 2023 | 38,168 | 616 | 1.6% | 1,519 | 4,099 | 2,962 | S100THK4 |
| FY ending Feb 2024 | 48,772 | 4,637 | 9.5% | 3,233 | 5,960 | 4,471 | S100VTKR |
| FY ending Feb 2025 | 55,630 | 5,514 | 9.9% | 4,092 | 5,365 | 3,586 | S100YQ0A |
| FY ending Feb 2026 | 62,253 | 6,584 | 10.6% | 4,732 | 6,047 | 3,783 | S100YQ0A |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥57.2M |
| Operating income per employee (consolidated) | ¥6.1M |
| Net income per employee (consolidated) | ¥4.3M |

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

| History | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 847 | 853 | 913 | 988 | 1,088 |
| Average salary (parent company) | ¥4.6M | ¥5M | ¥5.3M | ¥5.2M | ¥5.5M |
| Average age (parent company) | 35.0 years | 36.0 years | 36.0 years | 35.0 years | 35.0 years |
| Average tenure (parent company) | 9.0 years | 9.0 years | 9.0 years | 9.0 years | 8.0 years |

Year over year: Employees (consolidated) +10.1% · Revenue (consolidated) +11.9%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 6,047 | 9.7% | S100YQ0A |
| Capital expenditure | 2,264 | 3.6% | S100YQ0A |
| Free cash flow | 3,783 | 6.1% | 算出 |
| Investing cash flow | -2,484 | -4.0% | S100YQ0A |
| Financing cash flow | -5,798 | -9.3% | S100YQ0A |
| Dividends paid | 1,796 | 2.9% | S100YQ0A |
| Share buyback | 4,003 | 6.4% | S100YQ0A |
| Change in cash | -2,235 | -3.6% | S100YQ0A |
| Cash and equivalents | 11,243 | 18.1% | S100YQ0A |

## 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 Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 9,923 | 10,411 | 12,953 | 13,478 | 11,243 | S100THK4, S100VTKR, S100YQ0A |
| Total assets | 27,301 | 29,181 | 33,265 | 34,439 | 34,189 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Net assets | 22,361 | 22,974 | 25,114 | 25,861 | 24,873 | S100THK4, S100VTKR, S100YQ0A |
| Share capital | 1,625 | 1,625 | 1,625 | 1,625 | 1,625 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Property, plant and equipment | 8,830 | 8,580 | 9,266 | 9,473 | 10,583 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Intangible assets excluding goodwill | 233 | 238 | 186 | 183 | 137 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Investment securities | 88 | 103 | 623 | 156 | 1,273 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Current assets | 11,323 | 12,293 | 17,224 | 17,711 | 15,632 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Current liabilities | 3,302 | 4,645 | 6,303 | 6,672 | 7,272 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Total liabilities | 4,940 | 6,207 | 8,151 | 8,578 | 9,316 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Equity attributable to owners of parent | 22,340 | 22,942 | 25,069 | 25,793 | 24,724 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Retained earnings | 19,177 | 19,785 | 21,917 | 24,643 | 27,577 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |
| Treasury stock | -164 | -169 | -176 | -2,177 | -6,180 | S100QT9Y, S100THK4, S100VTKR, S100YQ0A |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 33% | S100YQ0A |
| Property, plant and equipment | 31% | S100YQ0A |
| Intangibles and goodwill | 0% | S100YQ0A |
| Investment securities | 4% | S100YQ0A |
| Other assets | 32% | S100YQ0A |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 27% | S100YQ0A |
| Equity | 73% | S100YQ0A |
| Other liabilities | 0% | S100YQ0A |

### Balance sheet history

| Metric | FY ending Feb 2022 | FY ending Feb 2023 | FY ending Feb 2024 | FY ending Feb 2025 | FY ending Feb 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 27,301 | 29,181 | 33,265 | 34,439 | 34,189 |
| Equity | 22,361 | 22,974 | 25,114 | 25,861 | 24,873 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 9,923 | 10,411 | 12,953 | 13,478 | 11,243 |

## 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) | 17.0% | S100YQ0A |
| Fixed assets ÷ total assets | 31.0% | S100YQ0A |
| Goodwill ÷ parent equity | — | —, S100YQ0A |

### 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) | 32.9% |
| Cash ÷ revenue | 18.1% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 91.8% |
| Cash vs. profit gap | 1,315 JPY mn (of net income 27.8%) |
| Shareholder returns / net income | 122.5% |
| Shareholder returns / FCF | 153.3% |
| Shareholder payments — dividends / net income | 37.9% |
| Shareholder payments — dividends / FCF | 47.5% |
| CapEx intensity (capex ÷ revenue) | 3.6% |
| Investing CF relative to operating CF | 41.1% |

## 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 | 6.0% | 0.97× | 5.8% | 1.22× | 7.1% | S100QT9Y |
| 2023 | 4.0% | 1.35× | 5.4% | 1.25× | 6.7% | S100THK4 |
| 2024 | 6.6% | 1.56× | 10.4% | 1.30× | 13.5% | S100VTKR |
| 2025 | 7.4% | 1.64× | 12.1% | 1.33× | 16.1% | S100YQ0A |
| 2026 | 7.6% | 1.81× | 13.8% | 1.36× | 18.7% | S100YQ0A |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 神田 正 | Major shareholder | 10.1% | 2026-02-28 |
| 神田 賢一 | Major shareholder | 8.4% | 2026-02-28 |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 7.6% | 2026-02-28 |
| USBK NA JP I&W TS （常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 7.5% | 2026-02-28 |
| 麒麟麦酒株式会社 | Major shareholder | 3.1% | 2026-02-28 |
| 町田 功 | Major shareholder | 2.8% | 2026-02-28 |
| 昭和産業株式会社 | Major shareholder | 1.8% | 2026-02-28 |
| 株式会社武蔵野銀行 | Major shareholder | 1.8% | 2026-02-28 |
| 株式会社みずほ銀行 | Major shareholder | 1.8% | 2026-02-28 |
| 日本生命保険相互会社 | Major shareholder | 1.6% | 2026-02-28 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 訂正有価証券報告書－第48期(2025/03/01－2026/02/28) | S100YQ0A | 2026-07-13 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YQ0A,, |
| 有価証券報告書－第47期(2024/03/01－2025/02/28) | S100VTKR | 2025-05-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VTKR,, |
| 有価証券報告書－第46期(2023/03/01－2024/02/29) | S100THK4 | 2024-05-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100THK4,, |
| 有価証券報告書－第45期(2022/03/01－2023/02/28) | S100QT9Y | 2023-05-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QT9Y,, |
| 有価証券報告書－第44期(令和3年3月1日－令和4年2月28日) | S100O4B9 | 2022-05-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O4B9,, |
| 有価証券報告書－第43期(令和2年3月1日－令和3年2月28日) | S100LE7L | 2021-05-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LE7L,, |

## 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).