# KICHIRI HOLDINGS&Co.,Ltd.: business model and financials

> Latest period: FY ending Jun 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第28期(2025/07/01－2026/06/30) (S100Z3VX)
> Page: https://vizora.meequs.com/en/company/kichiri-holdings-and
> Retrieved: 2026-09-30T22:59:21.877Z

## Company

Kichiri Holdings&, founded in 1998, is a company in Consulting listed on TSE Standard. It has 702 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | KICHIRI HOLDINGS & Co.,Ltd. |
| Ticker | 3082 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/3082.T) |
| Listing | TSE Standard |
| Head office | 大阪市中央区安土町二丁目3番13号 |
| Representative (per filing) | 代表取締役社長CEO兼COO 平川 昌紀 |
| Founded | Jul 1998 |
| Share capital | ¥714.7M |
| Employees (consolidated) | 702 |
| Average salary (parent only) | ¥7M |
| Fiscal year end | June |
| Website | www.kichiri.co.jp (https://www.kichiri.co.jp/) |
| Corporate number | 6120001104237 |
| EDINET | E03512 |
| Industries (Vizora) | Consulting, Restaurants & Pubs |

> Profile source: annual securities report (S100Z3VX, filed 2026-09-25). As of filing

## Five-axis industry profile

Primary industry: Restaurants & Pubs (2026-06-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 92 | 56 |
| Profitability | 47.7 | 66 |
| Cash conversion | 24.5 | 55 |
| Efficiency | 85.6 | 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 96% of Kichiri Holdings&'s sales come from restaurant business, with DX consulting business making up much of the rest.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed +11.1% from the prior year, operating profit +9.8%.

## Company structure

- Segment revenue mix: restaurant business 96.2%、DX consulting business 3.8%
- Revenue → net income: ¥16730706000 → ¥232376000
- Net income → operating cash flow: ¥232376000 → ¥771052000（difference ¥538676000）
- Main uses of operating cash flow: CapEx ¥1086656000 / dividends ¥84780000 / buybacks —
- Change in cash: ¥-470547000
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 | ¥16.7B |  |
| Operating income | ¥638.8M | Margin 3.8% |
| Net income | ¥222.8M | Margin 1.3% |
| Free cash flow | -¥315.6M |  |
| Largest business | restaurant business | of segment revenue 96.2% |
| Employees (consolidated) | 702 |  |
| EPS | ¥-1.8 |  |
| Diluted EPS | ¥19.37 |  |
| Book value per share | ¥185.7 |  |
| Equity ratio | 28.9% |  |
| Shares outstanding | 11,324,600 |  |
| Treasury shares | 24,900 |  |
| Shareholders | 14,800 |  |
| Average salary (parent only) | ¥7M | Filing company only |
| Cash ratio | 22.9% | Cash ÷ revenue 9.9% |
| Vs. industry median margin | -0.1 pp | Restaurants & Pubs |
| ROE | 11.0% | Derived from disclosed figures |
| ROA | 3.1% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 3.5× net income
- FY2026, revenue is 2.4× its level five years ago
- FY2026, one segment accounts for 73% of positive segment profit

## What changed in 5 years

| Metric | FY ending Jun 2021 | FY ending Jun 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥5615549000 | ¥16730706000 | +197.9% |
| Operating income | ¥-1371260000 | ¥638798000 | — |
| Operating margin | -24.4% | 3.8% | +28.2 pp |
| Employees | 336 people | 702 people | +108.9% |
| Cash and equivalents | ¥4236641000 | ¥1655002000 | -60.9% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 新設・再編 → 飲食事業 | 96.2% |
| 新設・再編 → ＤＸコンサルティング事業 | 3.8% |

Segment revenue source references: 2 (derived)

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 16,731 | 100.0% | S100Z3VX |
| Cost of revenue | 4,751 | 28.4% | S100Z3VX |
| Gross profit | 11,979 | 71.6% | S100Z3VX |
| SG&A | 11,340 | 67.8% | S100Z3VX |
| Operating income | 639 | 3.8% | S100Z3VX |
| Ordinary income | 577 | 3.4% | S100Z3VX |
| Pretax income | 492 | 2.9% | S100Z3VX |
| Income tax | 259 | 1.6% | S100Z3VX |
| Net income | 232 | 1.4% | S100Z3VX |
| Net income attributable to owners | 223 | 1.3% | S100Z3VX |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 28 |
| SG&A | 68 |
| Operating income | 4 |
| (Ref.) Net income | 1 |

### Margin funnel

Gross margin 71.6% → Operating margin 3.8% → Net margin 1.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +11.1%; Core profit growth: +9.8%
Growth quality: revenue-led
Operating leverage (core profit growth ÷ revenue growth): 0.88×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 15,057 | 16,731 | 1,674 | +11.1% |
| Gross profit | 10,727 | 11,979 | 1,252 | +11.7% |
| Operating income | 582 | 639 | 57 | +9.8% |
| Net income attributable to owners | 310 | 223 | -88 | -28.2% |
| Operating cash flow | 739 | 771 | 33 | +4.4% |
| Free cash flow | 93 | -316 | -409 | -438.3% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Jun 2020 | 8,049 | -368 | -4.6% | -609 | -399 | -819 | S100MI9D |
| FY ending Jun 2021 | 5,616 | -1,371 | -24.4% | -545 | -856 | -1,001 | S100P995 |
| FY ending Jun 2022 | 6,921 | -1,123 | -16.2% | 151 | 1,079 | 672 | S100SOZA |
| FY ending Jun 2023 | 10,942 | -83 | -0.8% | -253 | 395 | -321 | S100UGLS |
| FY ending Jun 2024 | 13,747 | 785 | 5.7% | 257 | 936 | 395 | S100WR4M |
| FY ending Jun 2025 | 15,057 | 582 | 3.9% | 310 | 739 | 93 | S100Z3VX |
| FY ending Jun 2026 | 16,731 | 639 | 3.8% | 223 | 771 | -316 | S100Z3VX |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥23.8M |
| Operating income per employee (consolidated) | ¥910K |
| Net income per employee (consolidated) | ¥317.3K |

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

| History | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 364 | 429 | 504 | 558 | 702 |
| Average salary (parent company) | ¥6.2M | ¥6.2M | ¥6.4M | ¥6.9M | ¥7M |
| Average age (parent company) | 41.7 years | 42.2 years | 43.6 years | 43.9 years | 45.8 years |
| Average tenure (parent company) | 9.4 years | 8.9 years | 9.0 years | 10.5 years | 11.8 years |

Year over year: Employees (consolidated) +25.8% · Revenue (consolidated) +11.1%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| restaurant business | 16,102 | 96.2% | 464 | 2.9% |
| DX consulting business | 628 | 3.8% | 175 | 27.8% |

### 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 |
| --- | ---: | ---: | ---: | ---: |
| restaurant business | 96.2% | 72.6% | -23.6 | 2.9% |
| DX consulting business | 3.8% | 27.4% | 23.6 | 27.8% |

Segment → industry: DX consulting business → Consulting / restaurant business → Restaurants & Pubs

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 771 | 4.6% | S100Z3VX |
| Capital expenditure | 1,087 | 6.5% | S100Z3VX |
| Free cash flow | -316 | -1.9% | 算出 |
| Investing cash flow | -1,178 | -7.0% | S100Z3VX |
| Financing cash flow | -62 | -0.4% | S100Z3VX |
| Dividends paid | 85 | 0.5% | S100Z3VX |
| Change in cash | -471 | -2.8% | S100Z3VX |
| Cash and equivalents | 1,655 | 9.9% | S100Z3VX |

## 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 Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 3,561 | 2,458 | 2,983 | 2,126 | 1,655 | S100UGLS, S100WR4M, S100Z3VX |
| Total assets | 7,382 | 6,794 | 7,541 | 7,092 | 7,237 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Net assets | 974 | 620 | 1,840 | 2,107 | 2,319 | S100UGLS, S100WR4M, S100Z3VX |
| Share capital | 382 | 382 | 715 | 715 | 715 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Property, plant and equipment | 950 | 1,467 | 1,771 | 2,169 | 2,787 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Intangible assets excluding goodwill | 167 | 166 | 97 | 58 | 28 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Goodwill | 64 | 51 | 37 | 24 | 11 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Investment securities | 77 | 117 | 117 | 104 | 67 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Current assets | 5,045 | 3,853 | 4,270 | 3,370 | 2,989 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Current liabilities | 1,738 | 2,193 | 2,532 | 2,573 | 2,503 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Long-term borrowings | 4,453 | 3,754 | 2,991 | 2,257 | 2,211 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Total liabilities | 6,408 | 6,174 | 5,702 | 4,985 | 4,917 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Non-controlling interests | 39 | 64 | 44 | 117 | 185 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Equity attributable to owners of parent | 853 | 523 | 1,761 | 1,958 | 2,096 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Retained earnings | 146 | -183 | 23 | 248 | 386 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |
| Treasury stock | -170 | -170 | -0 | -21 | -21 | S100SOZA, S100UGLS, S100WR4M, S100Z3VX |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 23% | S100Z3VX |
| Property, plant and equipment | 38% | S100Z3VX |
| Intangibles and goodwill | 1% | S100Z3VX |
| Investment securities | 1% | S100Z3VX |
| Other assets | 37% | S100Z3VX |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 68% | S100Z3VX |
| Equity | 32% | S100Z3VX |

### Balance sheet history

| Metric | FY ending Jun 2022 | FY ending Jun 2023 | FY ending Jun 2024 | FY ending Jun 2025 | FY ending Jun 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 7,382 | 6,794 | 7,541 | 7,092 | 7,237 |
| Equity | 974 | 620 | 1,840 | 2,107 | 2,319 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 3,561 | 2,458 | 2,983 | 2,126 | 1,655 |

## 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) | 16.7% | S100Z3VX |
| Fixed assets ÷ total assets | 38.5% | S100Z3VX |
| Goodwill ÷ parent equity | 0.5% | S100Z3VX |

Goodwill over 4 years: 64 → 11 JPY; total investing cash flow: -4,016 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) | 22.9% |
| Cash ÷ revenue | 9.9% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 120.7% |
| Cash vs. profit gap | 548 JPY mn (of net income 246.1%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 38.1% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 6.5% |
| Investing CF relative to operating CF | 152.8% |

## 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 | 2.2% | 0.94× | 2.0% | 8.66× | 17.7% | S100SOZA |
| 2023 | — | —× | -3.6% | —× | — | S100UGLS |
| 2024 | 1.9% | 1.92× | 3.6% | 6.28× | 22.5% | S100WR4M |
| 2025 | 2.1% | 2.06× | 4.2% | 3.93× | 16.7% | S100Z3VX |
| 2026 | 1.3% | 2.34× | 3.1% | 3.53× | 11.0% | S100Z3VX |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社エムティアンドアソシエイツ | Major shareholder | 34.9% | 2026-06-30 |
| 葛原 昭 | Major shareholder | 3.0% | 2026-06-30 |
| 平川 勝基 | Major shareholder | 2.3% | 2026-06-30 |
| 平川 昌紀 | Major shareholder | 2.1% | 2026-06-30 |
| 平田 哲士 | Major shareholder | 1.8% | 2026-06-30 |
| 平川住宅株式会社 | Major shareholder | 1.2% | 2026-06-30 |
| 清原 康孝 | Major shareholder | 1.1% | 2026-06-30 |
| 榎 卓生 | Major shareholder | 0.9% | 2026-06-30 |
| 株式会社マルゼン | Major shareholder | 0.8% | 2026-06-30 |
| 平川 朋子 | Major shareholder | 0.7% | 2026-06-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第28期(2025/07/01－2026/06/30) | S100Z3VX | 2026-09-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Z3VX,, |
| 有価証券報告書－第27期(2024/07/01－2025/06/30) | S100WR4M | 2025-09-26 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WR4M,, |
| 有価証券報告書－第26期(2023/07/01－2024/06/30) | S100UGLS | 2024-09-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UGLS,, |
| 訂正有価証券報告書－第25期(2022/07/01－2023/06/30) | S100SOZA | 2024-01-30 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SOZA,, |
| 有価証券報告書－第24期(令和3年7月1日－令和4年6月30日) | S100P995 | 2022-09-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100P995,, |
| 有価証券報告書－第23期(令和2年7月1日－令和3年6月30日) | S100MI9D | 2021-09-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100MI9D,, |

## 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).