# KANMONKAI 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38期(2025/04/01－2026/03/31) (S100YGBF)
> Page: https://vizora.meequs.com/en/company/kanmonkai
> Retrieved: 2026-09-30T22:08:14.936Z

## Company

Kanmonkai, founded in 1989, is a company in Restaurants & Pubs listed on TSE Standard. It has 174 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | KANMONKAI Co.,Ltd. |
| Ticker | 3372 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3372.T) |
| Listing | TSE Standard |
| Head office | 大阪府松原市三宅東一丁目8番7号 |
| Representative (per filing) | 代表取締役社長 山口 久美子 |
| Founded | May 1989 |
| Share capital | ¥10M |
| Employees (consolidated) | 174 |
| Average salary (parent only) | ¥4.4M |
| Fiscal year end | March |
| Website | www.kanmonkai.co.jp (https://www.kanmonkai.co.jp/) |
| Corporate number | 8120001130719 |
| EDINET | E03457 |
| Industries (Vizora) | Restaurants & Pubs |

> Profile source: annual securities report (S100YGBF, filed 2026-06-22). As of filing

## Five-axis industry profile

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

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 65.2 | 56 |
| Profitability | 44.7 | 66 |
| Cash conversion | 19.1 | 55 |
| Efficiency | 68.9 | 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)

- Kanmonkai brought in ¥5.27B in revenue.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed +0.2% from the prior year, operating profit -42.2%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥5272187000 → ¥123734000
- Net income → operating cash flow: ¥123734000 → ¥203787000（difference ¥80053000）
- Main uses of operating cash flow: CapEx ¥127788000 / dividends — / buybacks —
- Change in cash: ¥-629545000
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 | ¥5.27B |  |
| Operating income | ¥189.4M | Margin 3.6% |
| Net income | ¥123.7M | Margin 2.3% |
| Free cash flow | ¥76M |  |
| Employees (consolidated) | 174 |  |
| EPS | ¥7.81 |  |
| Book value per share | ¥102.74 |  |
| Equity ratio | 51.9% |  |
| Shares outstanding | 14,000,900 |  |
| Treasury shares | 302,100 |  |
| Shareholders | 17,814 |  |
| Average salary (parent only) | ¥4.4M | Filing company only |
| Cash ratio | 28.6% | Cash ÷ revenue 14.7% |
| Vs. industry median margin | -0.3 pp | Restaurants & Pubs |
| ROE | 9.2% | Derived from disclosed figures |
| ROA | 4.1% | Derived from disclosed figures |

## Notable figures

- FY2026, revenue is 2.0× its level five years ago
- FY2026, cash is 29% of total assets

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥2634818000 | ¥5272187000 | +100.1% |
| Operating income | ¥-540523000 | ¥189371000 | — |
| Operating margin | -20.5% | 3.6% | +24.1 pp |
| Employees | 139 people | 174 people | +25.2% |
| Cash and equivalents | ¥1396250000 | ¥774422000 | -44.5% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 5,272 | 100.0% | S100YGBF |
| Cost of revenue | 1,838 | 34.9% | S100YGBF |
| Gross profit | 3,434 | 65.1% | S100YGBF |
| SG&A | 3,245 | 61.5% | S100YGBF |
| Operating income | 189 | 3.6% | S100YGBF |
| Ordinary income | 177 | 3.4% | S100YGBF |
| Pretax income | 138 | 2.6% | S100YGBF |
| Income tax | 14 | 0.3% | S100YGBF |
| Net income | 124 | 2.3% | S100YGBF |
| Net income attributable to owners | 124 | 2.3% | S100YGBF |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 35 |
| SG&A | 61 |
| Operating income | 4 |
| (Ref.) Net income | 2 |

### Margin funnel

Gross margin 65.1% → Operating margin 3.6% → Net margin 2.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue up, profit down
Revenue growth: +0.2%; Core profit growth: -42.2%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): -275.15×
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 | 5,264 | 5,272 | 8 | +0.2% |
| Gross profit | 3,509 | 3,434 | -74 | -2.1% |
| Operating income | 328 | 189 | -138 | -42.2% |
| Net income attributable to owners | 378 | 124 | -254 | -67.3% |
| Operating cash flow | 604 | 204 | -400 | -66.3% |
| Free cash flow | 485 | 76 | -409 | -84.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 4,473 | -185 | -4.1% | -479 | 286 | -84 | S100LSMS |
| FY ending Mar 2021 | 2,635 | -541 | -20.5% | -570 | -787 | -814 | S100OJJE |
| FY ending Mar 2022 | 2,604 | -715 | -27.5% | 1 | 294 | 267 | S100RNBR |
| FY ending Mar 2023 | 4,210 | 55 | 1.3% | 206 | 1,137 | 1,104 | S100TS04 |
| FY ending Mar 2024 | 5,016 | 250 | 5.0% | 331 | 380 | 250 | S100W5ZC |
| FY ending Mar 2025 | 5,264 | 328 | 6.2% | 378 | 604 | 485 | S100YGBF |
| FY ending Mar 2026 | 5,272 | 189 | 3.6% | 124 | 204 | 76 | S100YGBF |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥30.3M |
| Operating income per employee (consolidated) | ¥1.1M |
| Net income per employee (consolidated) | ¥711.1K |

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) | 131 | 134 | 152 | 167 | 174 |
| Average salary (parent company) | ¥3.7M | ¥3.7M | ¥4.2M | ¥4.1M | ¥4.4M |
| Average age (parent company) | 41.5 years | 30.5 years | 38.9 years | 37.5 years | 37.5 years |
| Average tenure (parent company) | 7.9 years | 5.2 years | 7.3 years | 7.2 years | 7.4 years |

Year over year: Employees (consolidated) +4.2% · Revenue (consolidated) +0.2%

## 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 | 204 | 3.9% | S100YGBF |
| Capital expenditure | 128 | 2.4% | S100YGBF |
| Free cash flow | 76 | 1.4% | 算出 |
| Investing cash flow | -137 | -2.6% | S100YGBF |
| Financing cash flow | -690 | -13.1% | S100YGBF |
| Change in cash | -630 | -11.9% | S100YGBF |
| Cash and equivalents | 774 | 14.7% | S100YGBF |

## 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 | 1,695 | 2,810 | 2,024 | 1,404 | 774 | S100TS04, S100W5ZC, S100YGBF |
| Total assets | 4,341 | 4,860 | 4,605 | 3,317 | 2,711 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Net assets | 367 | 573 | 911 | 1,290 | 1,408 | S100TS04, S100W5ZC, S100YGBF |
| Share capital | 1,171 | 10 | 10 | 10 | 10 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Property, plant and equipment | 524 | 477 | 528 | 520 | 535 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Intangible assets excluding goodwill | 23 | 19 | 15 | 13 | 11 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Investment securities | 14 | 13 | 21 | 19 | 12 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Current assets | 3,437 | 4,002 | 3,661 | 2,310 | 1,720 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Current liabilities | 3,406 | 3,832 | 3,567 | 1,610 | 1,007 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Short-term borrowings | 2,820 | 2,840 | 2,285 | 900 | 350 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Long-term borrowings | 518 | 418 | 100 | 390 | 250 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Bonds | 10 | — | — | — | — | S100RNBR |
| Interest-bearing debt | 3,348 | — | — | — | — | 算出 |
| Total liabilities | 3,975 | 4,287 | 3,694 | 2,027 | 1,303 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Equity attributable to owners of parent | 366 | 573 | 910 | 1,288 | 1,411 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Retained earnings | -1,010 | 194 | 532 | 910 | 1,033 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |
| Treasury stock | -288 | -288 | -288 | -288 | -288 | S100RNBR, S100TS04, S100W5ZC, S100YGBF |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 29% | S100YGBF |
| Property, plant and equipment | 20% | S100YGBF |
| Intangibles and goodwill | 0% | S100YGBF |
| Investment securities | 0% | S100YGBF |
| Other assets | 51% | S100YGBF |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 48% | S100YGBF |
| Equity | 52% | S100YGBF |

### 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 | 4,341 | 4,860 | 4,605 | 3,317 | 2,711 |
| Equity | 367 | 573 | 911 | 1,290 | 1,408 |
| Interest-bearing debt | 3,348 | — | — | — | — |
| Cash | 1,695 | 2,810 | 2,024 | 1,404 | 774 |

## 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) | 10.1% | S100YGBF |
| Fixed assets ÷ total assets | 19.7% | S100YGBF |
| Goodwill ÷ parent equity | — | —, S100YGBF |

### 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) | 28.6% |
| Cash ÷ revenue | 14.7% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 107.6% |
| Cash vs. profit gap | 80 JPY mn (of net income 64.7%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | — |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 2.4% |
| Investing CF relative to operating CF | 67.4% |

## 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 | 0.0% | 0.60× | 0.0% | 11.85× | 0.2% | S100RNBR |
| 2023 | 4.9% | 0.92× | 4.5% | 9.80× | 43.9% | S100TS04 |
| 2024 | 6.6% | 1.06× | 7.0% | 6.38× | 44.6% | S100W5ZC |
| 2025 | 7.2% | 1.33× | 9.5% | 3.61× | 34.4% | S100YGBF |
| 2026 | 2.3% | 1.75× | 4.1% | 2.23× | 9.2% | S100YGBF |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社椿台 | Major shareholder | 30.6% | 2026-03-31 |
| サントリー株式会社 | Major shareholder | 5.1% | 2026-03-31 |
| 田原久美子 | Major shareholder | 1.8% | 2026-03-31 |
| 笠井武史 | Major shareholder | 1.7% | 2026-03-31 |
| 尾家産業株式会社 | Major shareholder | 1.6% | 2026-03-31 |
| 関門海福株会 | Major shareholder | 1.3% | 2026-03-31 |
| 楽天証券株式会社 | Major shareholder | 1.1% | 2026-03-31 |
| 吉田福太郎 | Major shareholder | 1.0% | 2026-03-31 |
| 小野秀昭 | Major shareholder | 0.6% | 2026-03-31 |
| 山口晴緒 | Major shareholder | 0.4% | 2026-03-31 |
| 金子旺子 | Major shareholder | 0.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第38期(2025/04/01－2026/03/31) | S100YGBF | 2026-06-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YGBF,, |
| 有価証券報告書－第37期(2024/04/01－2025/03/31) | S100W5ZC | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W5ZC,, |
| 有価証券報告書－第36期(2023/04/01－2024/03/31) | S100TS04 | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TS04,, |
| 訂正有価証券報告書－第35期(2022/04/01－2023/03/31) | S100RNBR | 2023-08-10 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RNBR,, |
| 有価証券報告書－第34期(令和3年4月1日－令和4年3月31日) | S100OJJE | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OJJE,, |
| 有価証券報告書－第33期(令和2年4月1日－令和3年3月31日) | S100LSMS | 2021-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LSMS,, |

## 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).