# UMENOHANA GROUP CO.,LTD.: business model and financials

> Latest period: FY ending Apr 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第47期(2025/05/01－2026/04/30) (S100YSIF)
> Page: https://vizora.meequs.com/en/company/umenohana-group
> Retrieved: 2026-09-30T21:06:19.494Z

## Company

Umenohana Group, founded in 1979, is a company in Processed Foods listed on TSE Standard. It has 607 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | UMENOHANA GROUP CO., LTD. |
| Ticker | 7604 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/7604.T) |
| Listing | TSE Standard |
| Head office | 福岡県久留米市天神町146番地 |
| Representative (per filing) | 代表取締役社長COO 鬼塚 崇裕 |
| Founded | Oct 1979 |
| Share capital | ¥100M |
| Employees (consolidated) | 607 |
| Average salary (parent only) | ¥4.7M |
| Fiscal year end | April |
| Website | www.umenohana.co.jp (https://www.umenohana.co.jp/) |
| Corporate number | 5290001048435 |
| EDINET | E03314 |
| Industries (Vizora) | Processed Foods, Fisheries, Real Estate Development & Leasing, Restaurants & Pubs, Takeout & Delivery Meals |

> Profile source: annual securities report (S100YSIF, filed 2026-07-28). As of filing

## Five-axis industry profile

Primary industry: Restaurants & Pubs (2026-04-30)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 13.4 | 56 |
| Profitability | 31.1 | 66 |
| Cash conversion | 91.8 | 55 |
| Efficiency | 40.2 | 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 57% of Umenohana Group's sales come from restaurant business, with take out business and External sales business making up much of the rest.
- Out of every ¥100 of sales, about ¥2 is left as operating profit.
- Revenue changed +1.3% from the prior year, operating profit +17.8%.

## Company structure

- Segment revenue mix: restaurant business 57.2%、take out business 35.7%、External sales business 7.0%、Other 0.2%
- Revenue → net income: ¥29824690000 → ¥261244000
- Net income → operating cash flow: ¥261244000 → ¥2146877000（difference ¥1885633000）
- Main uses of operating cash flow: CapEx ¥924268000 / dividends ¥118547000 / buybacks ¥89000
- Change in cash: ¥200508000
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 | ¥29.8B |  |
| Operating income | ¥648.3M | Margin 2.2% |
| Net income | ¥253.1M | Margin 0.8% |
| Free cash flow | ¥1.22B |  |
| Largest business | restaurant business | of segment revenue 57.2% |
| Employees (consolidated) | 607 |  |
| EPS | ¥-0.57 |  |
| Book value per share | ¥178.06 |  |
| Equity ratio | 9.4% |  |
| Shares outstanding | 9,029,200 |  |
| Treasury shares | 144,200 |  |
| Shareholders | 36,476 |  |
| Average salary (parent only) | ¥4.7M | Filing company only |
| Cash ratio | 9.7% | Cash ÷ revenue 7.3% |
| Vs. industry median margin | -1.8 pp | Restaurants & Pubs |
| ROE | 12.8% | Derived from disclosed figures |
| ROA | 1.1% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 8.5× net income
- FY2026, one segment accounts for 70% of positive segment profit
- FY2026, employees -3% while operating income rose 18%

## What changed in 5 years

| Metric | FY ending Apr 2021 | FY ending Apr 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥21603883000 | ¥29824690000 | +38.1% |
| Operating income | ¥-2252475000 | ¥648291000 | — |
| Operating margin | -10.4% | 2.2% | +12.6 pp |
| Employees | 703 people | 607 people | -13.7% |
| Cash and equivalents | ¥5226658000 | ¥2186514000 | -58.2% |

### Change in segment revenue mix

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

| Flow | Revenue share |
| --- | ---: |
| 外食事業 → 外食事業 | 54.5% |
| テイクアウト事業 → テイクアウト事業 | 35.7% |
| テイクアウト事業 → 事業再編・廃止 | 4.6% |
| 外販事業 → 外販事業 | 5.3% |
| 新設・再編 → 外食事業 | 2.7% |
| 新設・再編 → 外販事業 | 1.8% |
| 新設・再編 → その他 | 0.2% |

Segment revenue source references: 7 (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 |
| --- | ---: | ---: | ---: | ---: | ---: |
| restaurant business | 5 years | +7.7% | ¥17052980000 | 7.0% | 2 |
| take out business | 5 years | +4.1% | ¥10633695000 | 4.9% | 2 |
| External sales business | 5 years | +13.0% | ¥2090219000 | -9.1% | 2 |
| Other | 2 years | +49.4% | ¥47794000 | 6.0% | 2 |

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 29,825 | 100.0% | S100YSIF |
| Cost of revenue | 10,486 | 35.2% | S100YSIF |
| Gross profit | 19,339 | 64.8% | S100YSIF |
| SG&A | 18,690 | 62.7% | S100YSIF |
| Operating income | 648 | 2.2% | S100YSIF |
| Ordinary income | 369 | 1.2% | S100YSIF |
| Pretax income | 434 | 1.5% | S100YSIF |
| Income tax | 173 | 0.6% | S100YSIF |
| Net income | 261 | 0.9% | S100YSIF |
| Net income attributable to owners | 253 | 0.8% | S100YSIF |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 35 |
| SG&A | 63 |
| Operating income | 2 |
| (Ref.) Net income | 1 |

### Margin funnel

Gross margin 64.8% → Operating margin 2.2% → Net margin 0.8%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +1.3%; Core profit growth: +17.8%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 13.61×
Calculated from comparable annual consolidated filings.

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

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 29,441 | 29,825 | 384 | +1.3% |
| Gross profit | 19,151 | 19,339 | 187 | +1.0% |
| Operating income | 551 | 648 | 98 | +17.8% |
| Net income attributable to owners | -384 | 253 | 637 | — |
| Operating cash flow | 725 | 2,147 | 1,422 | +196.0% |
| Free cash flow | -250 | 1,223 | 1,472 | — |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Apr 2020 | 30,462 | -1,239 | -4.1% | -4,392 | -831 | -1,575 | S100M23K |
| FY ending Apr 2021 | 21,604 | -2,252 | -10.4% | -1,921 | -59 | -386 | S100OSQY |
| FY ending Apr 2022 | 22,592 | -1,630 | -7.2% | 217 | 370 | -80 | S100RGRX |
| FY ending Apr 2023 | 27,457 | 90 | 0.3% | -441 | 956 | 163 | S100UOIN |
| FY ending Apr 2024 | 29,817 | 820 | 2.7% | 1,021 | 691 | -81 | S100WESD |
| FY ending Apr 2025 | 29,441 | 551 | 1.9% | -384 | 725 | -250 | S100YSIF |
| FY ending Apr 2026 | 29,825 | 648 | 2.2% | 253 | 2,147 | 1,223 | S100YSIF |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥49.1M |
| Operating income per employee (consolidated) | ¥1.1M |
| Net income per employee (consolidated) | ¥417K |

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

| History | FY ending Apr 2022 | FY ending Apr 2023 | FY ending Apr 2024 | FY ending Apr 2025 | FY ending Apr 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 673 | 659 | 657 | 626 | 607 |
| Average salary (parent company) | ¥4.3M | ¥4.6M | ¥4.6M | ¥5M | ¥4.7M |
| Average age (parent company) | 43.4 years | 42.1 years | 43.0 years | 44.6 years | 44.5 years |
| Average tenure (parent company) | 13.8 years | 13.4 years | 13.2 years | 14.2 years | 15.1 years |

Year over year: Employees (consolidated) -3.0% · Revenue (consolidated) +1.3%

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

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| restaurant business | 17,053 | 57.2% | 1,202 | 7.0% |
| take out business | 10,634 | 35.7% | 521 | 4.9% |
| External sales business | 2,090 | 7.0% | -190 | -9.1% |
| Other | 48 | 0.2% | 3 | 6.0% |

### 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 | 57.2% | 69.7% | 12.5 | 7.0% |
| take out business | 35.7% | 30.2% | -5.5 | 4.9% |
| External sales business | 7.0% | — | — | -9.1% |
| Other | 0.2% | 0.2% | 0.0 | 6.0% |

Loss-making segment (excluded from profit shares): External sales business -190 JPY mn

Segment → industry: External sales business → Processed Foods / External sales business → Fisheries / Other → Real Estate Development & Leasing / restaurant business → Restaurants & Pubs / take out business → Takeout & Delivery Meals

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 2,147 | 7.2% | S100YSIF |
| Capital expenditure | 924 | 3.1% | S100YSIF |
| Free cash flow | 1,223 | 4.1% | 算出 |
| Investing cash flow | -650 | -2.2% | S100YSIF |
| Financing cash flow | -1,297 | -4.3% | S100YSIF |
| Dividends paid | 119 | 0.4% | S100YSIF |
| Share buyback | 0 | 0.0% | S100YSIF |
| Change in cash | 201 | 0.7% | S100YSIF |
| Cash and equivalents | 2,187 | 7.3% | S100YSIF |

## 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 Apr 2022 | FY ending Apr 2023 | FY ending Apr 2024 | FY ending Apr 2025 | FY ending Apr 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 6,154 | 3,316 | 2,939 | 1,986 | 2,187 | S100UOIN, S100WESD, S100YSIF |
| Total assets | 28,700 | 25,305 | 25,036 | 22,952 | 22,439 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Net assets | 3,133 | 2,541 | 3,277 | 1,826 | 2,103 | S100UOIN, S100WESD, S100YSIF |
| Share capital | 100 | 100 | 100 | 100 | 100 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Property, plant and equipment | 14,327 | 13,779 | 13,674 | 13,077 | 12,817 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Intangible assets excluding goodwill | 156 | 114 | 137 | 180 | 130 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Goodwill | 63 | 50 | 37 | 24 | 12 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Investment securities | 1,610 | 1,707 | 1,069 | 348 | 424 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Current assets | 10,072 | 7,223 | 7,581 | 6,846 | 6,400 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Current liabilities | 18,895 | 15,674 | 9,411 | 9,231 | 10,054 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Short-term borrowings | 8,233 | 5,233 | 4,253 | 4,333 | 3,833 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Long-term borrowings | 4,849 | 5,268 | 10,806 | 10,358 | 8,502 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Total liabilities | 25,567 | 22,764 | 21,759 | 21,125 | 20,336 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Non-controlling interests | 141 | 35 | 15 | -5 | 3 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Equity attributable to owners of parent | 2,567 | 2,066 | 2,954 | 1,909 | 2,057 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Retained earnings | -761 | -1,202 | -181 | -564 | -311 | S100RGRX, S100UOIN, S100WESD, S100YSIF |
| Treasury stock | -398 | -398 | -368 | -368 | -326 | S100RGRX, S100UOIN, S100WESD, S100YSIF |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 10% | S100YSIF |
| Property, plant and equipment | 57% | S100YSIF |
| Intangibles and goodwill | 1% | S100YSIF |
| Investment securities | 2% | S100YSIF |
| Other assets | 30% | S100YSIF |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 91% | S100YSIF |
| Equity | 9% | S100YSIF |

### Balance sheet history

| Metric | FY ending Apr 2022 | FY ending Apr 2023 | FY ending Apr 2024 | FY ending Apr 2025 | FY ending Apr 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 28,700 | 25,305 | 25,036 | 22,952 | 22,439 |
| Equity | 3,133 | 2,541 | 3,277 | 1,826 | 2,103 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 6,154 | 3,316 | 2,939 | 1,986 | 2,187 |

## 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) | 43.0% | S100YSIF |
| Fixed assets ÷ total assets | 57.1% | S100YSIF |
| Goodwill ÷ parent equity | 0.6% | S100YSIF |

Goodwill over 4 years: 63 → 12 JPY; total investing cash flow: -2,526 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) | 9.7% |
| Cash ÷ revenue | 7.3% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 331.2% |
| Cash vs. profit gap | 1,894 JPY mn (of net income 748.1%) |
| Shareholder returns / net income | 46.9% |
| Shareholder returns / FCF | 9.7% |
| Shareholder payments — dividends / net income | 46.8% |
| Shareholder payments — dividends / FCF | 9.7% |
| CapEx intensity (capex ÷ revenue) | 3.1% |
| Investing CF relative to operating CF | 30.3% |

## 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 | 1.0% | 0.79× | 0.8% | 11.18× | 8.5% | S100RGRX |
| 2023 | — | —× | -1.6% | —× | — | S100UOIN |
| 2024 | 3.4% | 1.18× | 4.1% | 10.03× | 40.7% | S100WESD |
| 2025 | — | —× | -1.6% | —× | — | S100YSIF |
| 2026 | 0.8% | 1.31× | 1.1% | 11.45× | 12.8% | S100YSIF |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 梅野 久美恵 | Major shareholder | 8.0% | 2026-04-30 |
| 麒麟麦酒株式会社 | Major shareholder | 2.3% | 2026-04-30 |
| 株式会社梅野企画 | Major shareholder | 2.1% | 2026-04-30 |
| 株式会社フジオフードグループ本社 | Major shareholder | 1.5% | 2026-04-30 |
| 株式会社西日本シティ銀行 | Major shareholder | 1.1% | 2026-04-30 |
| 梅の花従業員持株会 | Major shareholder | 1.0% | 2026-04-30 |
| 株式会社三菱ＵＦＪ銀行 | Major shareholder | 0.5% | 2026-04-30 |
| 鳥越製粉株式会社 | Major shareholder | 0.4% | 2026-04-30 |
| 株式会社福岡銀行 | Major shareholder | 0.3% | 2026-04-30 |
| 株式会社りそな銀行 | Major shareholder | 0.3% | 2026-04-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第47期(2025/05/01－2026/04/30) | S100YSIF | 2026-07-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YSIF,, |
| 有価証券報告書－第46期(2024/05/01－2025/04/30) | S100WESD | 2025-07-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WESD,, |
| 訂正有価証券報告書－第45期(2023/05/01－2024/04/30) | S100UOIN | 2024-11-08 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UOIN,, |
| 有価証券報告書－第44期(2022/05/01－2023/04/30) | S100RGRX | 2023-07-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100RGRX,, |
| 有価証券報告書－第43期(令和3年5月1日－令和4年4月30日) | S100OSQY | 2022-07-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OSQY,, |
| 有価証券報告書－第42期(令和2年5月1日－令和3年4月30日) | S100M23K | 2021-07-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100M23K,, |

## 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).