# OOTOYA Holdings 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43期(2025/04/01－2026/03/31) (S100YF7Y)
> Page: https://vizora.meequs.com/en/company/ootoya-holdings
> Retrieved: 2026-09-30T23:28:33.743Z

## Company

OOTOYA Holdings, founded in 1983, is a company in Fast Food & Quick Service listed on TSE Standard. It has 738 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | OOTOYA Holdings Co., Ltd. |
| Ticker | 2705 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/2705.T) |
| Listing | TSE Standard |
| Head office | 神奈川県横浜市西区北幸一丁目1番8号 |
| Representative (per filing) | 代表取締役社長 蔵人 賢樹 |
| Founded | May 1983 |
| Share capital | ¥2.06B |
| Employees (consolidated) | 738 |
| Average salary (parent only) | ¥6.9M |
| Fiscal year end | March |
| Website | www.ootoya.jp (https://www.ootoya.jp/) |
| Corporate number | 9012401020674 |
| EDINET | E03380 |
| Industries (Vizora) | Fast Food & Quick Service |

> Profile source: annual securities report (S100YF7Y, filed 2026-06-19). As of filing

## Five-axis industry profile

Primary industry: Fast Food & Quick Service (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 80.6 | 18 |
| Profitability | 52.3 | 22 |
| Cash conversion | 64.3 | 21 |
| Efficiency | 97.7 | 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)

- About 62% of OOTOYA Holdings's sales come from Domestic company store, with Domestic franchise and Overseas company store making up much of the rest.
- Out of every ¥100 of sales, about ¥6 is left as operating profit.
- Revenue changed +17.9% from the prior year, operating profit +28.8%.

## Company structure

- Segment revenue mix: Domestic company store 61.9%、Domestic franchise 27.4%、Overseas company store 8.1%、Other 1.7%、Overseas franchise 0.9%
- Revenue → net income: ¥37016000000 → ¥1284000000
- Net income → operating cash flow: ¥1284000000 → ¥3142000000（difference ¥1858000000）
- Main uses of operating cash flow: CapEx ¥1547000000 / dividends ¥124000000 / buybacks ¥1513000000
- Change in cash: ¥-714000000
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 | ¥37B |  |
| Operating income | ¥2.14B | Margin 5.8% |
| Net income | ¥1.23B | Margin 3.3% |
| Free cash flow | ¥1.59B |  |
| Largest business | Domestic company store | of segment revenue 61.9% |
| Employees (consolidated) | 738 |  |
| EPS | ¥37.73 |  |
| Book value per share | ¥498.22 |  |
| Equity ratio | 34.5% |  |
| Shares outstanding | 7,263,300 |  |
| Treasury shares | 5,000 |  |
| Shareholders | 19,772 |  |
| Average salary (parent only) | ¥6.9M | Filing company only |
| Cash ratio | 29.5% | Cash ÷ revenue 9.5% |
| Vs. industry median margin | +0.3 pp | Fast Food & Quick Service |
| ROE | 30.6% | Derived from disclosed figures |
| ROA | 10.4% | Derived from disclosed figures |

## Notable figures

- FY2026, buybacks were 12.2× dividends
- FY2026, operating cash flow is 2.5× net income
- FY2026, segment profit share differs by 31 points

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥16139000000 | ¥37016000000 | +129.4% |
| Operating income | ¥-3343000000 | ¥2140000000 | — |
| Operating margin | -20.7% | 5.8% | +26.5 pp |
| Employees | 654 people | 738 people | +12.8% |
| Cash and equivalents | ¥3664000000 | ¥3518000000 | -4.0% |

### 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 |
| --- | ---: |
| 国内直営事業 → 国内直営事業 | 56.5% |
| 国内フランチャイズ事業 → 国内フランチャイズ事業 | 27.4% |
| 国内フランチャイズ事業 → 事業再編・廃止 | 2.9% |
| 海外直営事業 → 海外直営事業 | 8.1% |
| 海外直営事業 → 事業再編・廃止 | 3.0% |
| 海外フランチャイズ事業 → 海外フランチャイズ事業 | 0.9% |
| 海外フランチャイズ事業 → 事業再編・廃止 | 0.1% |
| その他 → その他 | 1.1% |
| 新設・再編 → 国内直営事業 | 5.4% |
| 新設・再編 → その他 | 0.6% |

Segment revenue source references: 10 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Domestic company store | 5 years | +20.3% | ¥22916000000 | 4.3% | 2 |
| Domestic franchise | 5 years | +15.7% | ¥10128000000 | 17.0% | 2 |
| Overseas company store | 5 years | +11.0% | ¥3009000000 | -2.3% | 2 |
| Other | 5 years | +28.1% | ¥617000000 | 19.3% | 2 |
| Overseas franchise | 5 years | +14.6% | ¥344000000 | 33.4% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 37,016 | 100.0% | S100YF7Y |
| Cost of revenue | 16,410 | 44.3% | S100YF7Y |
| Gross profit | 20,606 | 55.7% | S100YF7Y |
| SG&A | 18,465 | 49.9% | S100YF7Y |
| Operating income | 2,140 | 5.8% | S100YF7Y |
| Ordinary income | 2,206 | 6.0% | S100YF7Y |
| Pretax income | 2,146 | 5.8% | S100YF7Y |
| Income tax | 861 | 2.3% | S100YF7Y |
| Net income | 1,284 | 3.5% | S100YF7Y |
| Net income attributable to owners | 1,233 | 3.3% | S100YF7Y |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 44 |
| SG&A | 50 |
| Operating income | 6 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 55.7% → Operating margin 5.8% → Net margin 3.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +17.9%; Core profit growth: +28.8%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 1.61×
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 | 31,385 | 37,016 | 5,631 | +17.9% |
| Gross profit | 18,272 | 20,606 | 2,334 | +12.8% |
| Operating income | 1,661 | 2,140 | 479 | +28.8% |
| Net income attributable to owners | 1,224 | 1,233 | 9 | +0.7% |
| Operating cash flow | 2,125 | 3,142 | 1,017 | +47.9% |
| Free cash flow | 621 | 1,595 | 974 | +156.8% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 24,580 | -649 | -2.6% | -1,148 | 231 | -537 | S100LJBR |
| FY ending Mar 2021 | 16,139 | -3,343 | -20.7% | -4,669 | -2,701 | -3,211 | S100OEWA |
| FY ending Mar 2022 | 18,834 | -594 | -3.2% | 1,910 | 2,354 | 2,169 | S100QZB9 |
| FY ending Mar 2023 | 23,846 | 271 | 1.1% | 276 | 726 | 200 | S100TO81 |
| FY ending Mar 2024 | 27,894 | 1,646 | 5.9% | 1,402 | 2,234 | 1,433 | S100W18L |
| FY ending Mar 2025 | 31,385 | 1,661 | 5.3% | 1,224 | 2,125 | 621 | S100YF7Y |
| FY ending Mar 2026 | 37,016 | 2,140 | 5.8% | 1,233 | 3,142 | 1,595 | S100YF7Y |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥50.2M |
| Operating income per employee (consolidated) | ¥2.9M |
| Net income per employee (consolidated) | ¥1.7M |

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) | 557 | 540 | 629 | 713 | 738 |
| Average salary (parent company) | ¥5.7M | ¥6M | ¥6.3M | ¥6.5M | ¥6.9M |
| Average age (parent company) | 48.9 years | 47.4 years | 47.0 years | 47.1 years | 47.3 years |
| Average tenure (parent company) | 12.6 years | 11.2 years | 10.2 years | 8.8 years | 11.9 years |

Year over year: Employees (consolidated) +3.5% · Revenue (consolidated) +17.9%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Domestic company store | 22,916 | 61.9% | 987 | 4.3% |
| Domestic franchise | 10,128 | 27.4% | 1,718 | 17.0% |
| Overseas company store | 3,009 | 8.1% | -69 | -2.3% |
| Overseas franchise | 344 | 0.9% | 115 | 33.4% |
| Other | 617 | 1.7% | 119 | 19.3% |

### 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 company store | 61.9% | 33.6% | -28.3 | 4.3% |
| Domestic franchise | 27.4% | 58.5% | 31.1 | 17.0% |
| Overseas company store | 8.1% | — | — | -2.3% |
| Overseas franchise | 0.9% | 3.9% | 3.0 | 33.4% |
| Other | 1.7% | 4.0% | 2.4 | 19.3% |

Loss-making segment (excluded from profit shares): Overseas company store -69 JPY mn

Segment → industry: Overseas franchise → Fast Food & Quick Service / Overseas company store → Fast Food & Quick Service / Domestic franchise → Fast Food & Quick Service / Domestic company store → Fast Food & Quick Service

## 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 | 3,142 | 8.5% | S100YF7Y |
| Capital expenditure | 1,547 | 4.2% | S100YF7Y |
| Free cash flow | 1,595 | 4.3% | 算出 |
| Investing cash flow | -1,634 | -4.4% | S100YF7Y |
| Financing cash flow | -2,237 | -6.0% | S100YF7Y |
| Dividends paid | 124 | 0.3% | S100YF7Y |
| Share buyback | 1,513 | 4.1% | S100YF7Y |
| Change in cash | -714 | -1.9% | S100YF7Y |
| Cash and equivalents | 3,518 | 9.5% | S100YF7Y |

## 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 | 4,324 | 3,940 | 4,534 | 4,233 | 3,518 | S100TO81, S100W18L, S100YF7Y |
| Total assets | 9,809 | 9,602 | 10,849 | 11,874 | 11,907 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Net assets | 3,415 | 3,714 | 4,949 | 4,719 | 4,421 | S100TO81, S100W18L, S100YF7Y |
| Share capital | 3,029 | 3,029 | 3,029 | 2,044 | 2,059 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Property, plant and equipment | 984 | 1,209 | 1,681 | 2,707 | 3,578 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Intangible assets excluding goodwill | 121 | 120 | 117 | 110 | 63 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Investment securities | 32 | 32 | 20 | 20 | 20 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Current assets | 6,062 | 5,661 | 6,318 | 6,307 | 5,827 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Current liabilities | 3,360 | 3,475 | 3,919 | 4,760 | 5,483 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Long-term borrowings | 1,640 | 1,000 | 600 | 1,000 | 600 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Total liabilities | 6,393 | 5,888 | 5,900 | 7,155 | 7,485 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Non-controlling interests | 76 | 120 | 166 | 240 | 311 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Equity attributable to owners of parent | 3,251 | 3,438 | 4,615 | 4,214 | 3,841 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Retained earnings | -2,548 | -2,376 | -1,220 | -136 | 971 | S100QZB9, S100TO81, S100W18L, S100YF7Y |
| Treasury stock | 0 | 0 | 0 | 0 | 0 | S100QZB9, S100TO81, S100W18L, S100YF7Y |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 30% | S100YF7Y |
| Property, plant and equipment | 30% | S100YF7Y |
| Intangibles and goodwill | 0% | S100YF7Y |
| Investment securities | 0% | S100YF7Y |
| Other assets | 40% | S100YF7Y |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 63% | S100YF7Y |
| Equity | 37% | S100YF7Y |
| Other liabilities | 0% | S100YF7Y |

### 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 | 9,809 | 9,602 | 10,849 | 11,874 | 11,907 |
| Equity | 3,415 | 3,714 | 4,949 | 4,719 | 4,421 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 4,324 | 3,940 | 4,534 | 4,233 | 3,518 |

## 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) | 9.7% | S100YF7Y |
| Fixed assets ÷ total assets | 30.0% | S100YF7Y |
| Goodwill ÷ parent equity | — | —, S100YF7Y |

### 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) | 29.5% |
| Cash ÷ revenue | 9.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 146.8% |
| Cash vs. profit gap | 1,909 JPY mn (of net income 154.8%) |
| Shareholder returns / net income | 132.8% |
| Shareholder returns / FCF | 102.6% |
| Shareholder payments — dividends / net income | 10.1% |
| Shareholder payments — dividends / FCF | 7.8% |
| CapEx intensity (capex ÷ revenue) | 4.2% |
| Investing CF relative to operating CF | 52.0% |

## 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 | 10.1% | 1.92× | 19.5% | 3.02× | 58.8% | S100QZB9 |
| 2023 | 1.2% | 2.46× | 2.8% | 2.90× | 8.3% | S100TO81 |
| 2024 | 5.0% | 2.73× | 13.7% | 2.54× | 34.8% | S100W18L |
| 2025 | 3.9% | 2.76× | 10.8% | 2.57× | 27.7% | S100YF7Y |
| 2026 | 3.3% | 3.11× | 10.4% | 2.95× | 30.6% | S100YF7Y |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社コロワイド | Major shareholder | 46.7% | 2026-03-31 |
| 株式会社日本アクセス | Major shareholder | 0.7% | 2026-03-31 |
| ブルドックソース株式会社 | Major shareholder | 0.5% | 2026-03-31 |
| 日本ハム株式会社 | Major shareholder | 0.4% | 2026-03-31 |
| 大戸屋従業員持株会 | Major shareholder | 0.4% | 2026-03-31 |
| STATE STREET BANK AND TRUST COMPANY５０５００４ （常任代理人 株式会社みずほ銀行） | Major shareholder | 0.2% | 2026-03-31 |
| モルガン・スタンレーMUFG証券株式会社 | Major shareholder | 0.2% | 2026-03-31 |
| 蔵人 賢樹 | Major shareholder | 0.2% | 2026-03-31 |
| JPMSLLC CL JPY （常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 0.2% | 2026-03-31 |
| SCBSG S/A SCB (HK)-EQTYDER A/C SCB HK PROP-JP000299900002 （常任代理人 株式会社三菱UFJ銀行） | Major shareholder | 0.2% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第43期(2025/04/01－2026/03/31) | S100YF7Y | 2026-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YF7Y,, |
| 有価証券報告書－第42期(2024/04/01－2025/03/31) | S100W18L | 2025-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W18L,, |
| 有価証券報告書－第41期(2023/04/01－2024/03/31) | S100TO81 | 2024-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TO81,, |
| 有価証券報告書－第40期(2022/04/01－2023/03/31) | S100QZB9 | 2023-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100QZB9,, |
| 有価証券報告書－第39期(令和3年4月1日－令和4年3月31日) | S100OEWA | 2022-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OEWA,, |
| 有価証券報告書－第38期(令和2年4月1日－令和3年3月31日) | S100LJBR | 2021-06-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LJBR,, |

## 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).