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Yoshinoya HoldingsYOSHINOYA HOLDINGS CO.,LTD.9861東証プライム小売業FY ending Feb 2026, consolidated, J-GAAP

Yoshinoya Holdings revenue and profit

Out of every ¥100 of sales, about ¥4 is left as operating profit. Revenue changed +10.1% from the prior year, operating profit +10.7%.

Five-year trend

Revenue¥225.7B
FY ending Feb 2022: ¥153.6B¥153.6BFY ending Feb 2023: ¥168.1B¥168.1BFY ending Feb 2024: ¥187.5B¥187.5BFY ending Feb 2025: ¥205B¥205BFY ending Feb 2026: ¥225.7B¥225.7BFY22FY23FY24FY25FY26
Operating income¥8.09B
FY ending Feb 2022: ¥2.37B¥2.37BFY ending Feb 2023: ¥3.43B¥3.43BFY ending Feb 2024: ¥7.97B¥7.97BFY ending Feb 2025: ¥7.31B¥7.31BFY ending Feb 2026: ¥8.09B¥8.09BFY22FY23FY24FY25FY26
Operating margin3.6%
FY ending Feb 2022: 1.5%1.5%FY ending Feb 2023: 2.0%2.0%FY ending Feb 2024: 4.3%4.3%FY ending Feb 2025: 3.6%3.6%FY ending Feb 2026: 3.6%3.6%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin2.1%
Asset turnover1.85×
ROA3.8%
ROA3.8%
Financial leverage1.85×
ROE7.1%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin2.1%
2022: 5.3%5.3%2023: 4.3%4.3%2024: 3.0%3.0%2025: 1.9%1.9%2026: 2.1%2.1%2223242526
Asset turnover1.85×
2022: 1.37×1.37×2023: 1.53×1.53×2024: 1.70×1.70×2025: 1.77×1.77×2026: 1.85×1.85×2223242526
ROA3.8%
2022: 7.2%7.2%2023: 6.6%6.6%2024: 5.1%5.1%2025: 3.3%3.3%2026: 3.8%3.8%2223242526
Financial leverage1.85×
2022: 2.23×2.23×2023: 2.06×2.06×2024: 1.87×1.87×2025: 1.85×1.85×2026: 1.85×1.85×2223242526
ROE7.1%
2022: 16.2%16.2%2023: 13.5%13.5%2024: 9.5%9.5%2025: 6.1%6.1%2026: 7.1%7.1%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20225.3%1.37×7.2%2.23×16.2%
20234.3%1.53×6.6%2.06×13.5%
20243.0%1.70×5.1%1.87×9.5%
20251.9%1.77×3.3%1.85×6.1%
20262.1%1.85×3.8%1.85×7.1%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue26.1%
2021: 24.9%24.9%2022: 22.7%22.7%2023: 23.3%23.3%2024: 24.0%24.0%2025: 27.2%27.2%2026: 26.1%26.1%212223242526
PPE ÷ total assets47.1%
2021: 32.1%32.1%2022: 31.0%31.0%2023: 36.1%36.1%2024: 39.8%39.8%2025: 46.8%46.8%2026: 47.1%47.1%212223242526
Goodwill ÷ parent equity2.9%
2021: 3.6%3.6%2022: 2.8%2.8%2023: 2.2%2.2%2024: 1.8%1.8%2025: 3.3%3.3%2026: 2.9%2.9%212223242526
Goodwill balance¥1.95B
2021: ¥1.54B¥1.54B2022: ¥1.39B¥1.39B2023: ¥1.22B¥1.22B2024: ¥1.13B¥1.13B2025: ¥2.1B¥2.1B2026: ¥1.95B¥1.95B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥198M
2024: ¥170M¥170M2025: ¥181M¥181M2026: ¥198M¥198M212223242526
R&D / revenue0.1%
2024: 0.1%0.1%2025: 0.1%0.1%2026: 0.1%0.1%212223242526
Receivable days11d
2021: 14d14d2022: 13d13d2023: 13d13d2024: 10d10d2025: 11d11d2026: 11d11d212223242526
Payable days27d
2021: 24d24d2022: 29d29d2023: 29d29d2024: 30d30d2025: 36d36d2026: 27d27d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Revenue153,601168,099187,472204,983225,667
Cost of revenue51,81259,77266,36173,83285,687
Gross profit101,789108,326121,111131,150139,980
SG&A99,424104,891113,137123,844131,890
Operating income2,3653,4347,9737,3068,089
Pretax income13,3348,9758,2606,3647,940
Income tax5,1641,9302,5982,4323,197
Net income attributable to owners8,1167,2345,6043,8034,665
Operating margin1.5%2.0%4.3%3.6%3.6%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 17%
5%
Property, plant and equipment 47%
5%
2%
Other assets 24%

Funding

5%
Other liabilities 40%
Equity 55%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Feb 2022FY ending Feb 2023FY ending Feb 2024FY ending Feb 2025FY ending Feb 2026
Cash and equivalents¥34.2B¥23.4B¥26.3B¥19.5B¥20.9B
Total assets¥112.2B¥108.2B¥112.9B¥119.1B¥124.8B
Net assets¥48.7B¥55.6B¥60.8B¥64.8B¥68.7B
Share capital¥10.3B¥10.3B¥10.3B¥10.3B¥10.3B
Trade receivables¥5.66B¥6.13B¥5.06B¥5.93B¥6.8B
Property, plant and equipment¥34.8B¥39.1B¥45B¥55.7B¥58.8B
Intangible assets excluding goodwill¥3.66B¥3.17B¥2.79B¥3.71B¥3.77B
Goodwill¥1.39B¥1.22B¥1.13B¥2.1B¥1.95B
Investment securities¥3.57B¥2.41B¥2.53B¥2.88B¥2.91B
Current assets¥49.7B¥43.7B¥43.8B¥38.3B¥41.9B
Current liabilities¥32.2B¥28.4B¥30.8B¥34.8B¥36B
Trade payables¥4.08B¥4.76B¥5.52B¥7.22B¥6.33B
Short-term borrowings¥2.23B¥1.65B¥1.66B¥4.05B¥7.05B
Long-term borrowings¥22.4B¥13.7B¥9.54B¥7.01B¥6.79B
Total liabilities¥63.5B¥52.6B¥52.1B¥54.3B¥56.1B
Non-controlling interests¥638M¥491M¥489M¥634M¥720M
Equity attributable to owners of parent¥50.2B¥56.6B¥61.4B¥63.9B¥67.6B
Retained earnings¥29B¥35.5B¥40.3B¥42.8B¥46.4B
Treasury stock-¥572M-¥548M-¥531M-¥517M-¥499M

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第69期(2025/03/01－2026/02/28)

    ID S100Y5NR2026-05-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第68期(2024/03/01－2025/02/28)

    ID S100VT1A2025-05-23Open

  • EDINET (FSA Japan)

    有価証券報告書－第67期(2023/03/01－2024/02/29)

    ID S100TIEN2024-05-29Open

  • EDINET (FSA Japan)

    有価証券報告書－第66期(2022/03/01－2023/02/28)

    ID S100QTWV2023-05-26Open

  • EDINET (FSA Japan)

    有価証券報告書－第65期(令和3年3月1日－令和4年2月28日)

    ID S100O4LW2022-05-27Open

  • EDINET (FSA Japan)

    有価証券報告書－第64期(令和2年3月1日－令和3年2月28日)

    ID S100LF5L2021-05-28Open

Extracted from XBRL: 55 / Derived from other figures: 1

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