Industry map/Retail, Trading & Restaurants
Convenience Stores industry map
Who earns the money in Convenience Stores, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 9 companies · ¥834.1B
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥834.1B
- Companies
- 9
- Avg. salary（parent only）
- ¥5.9M
- Industry weather
- Sunny
YoY +7.2%
Avg. age 41.0
Operating income +14.1%
East Japan Railway Company[9020]
Trading and Service
- Revenue
- ¥416.1B▲5.7%
- Operating income
- ¥68.1B▲12.5%
Margin 16.4%
Whole company: Revenue ¥3.08T · Net income ¥247.8B
Avg. salary ¥8.2M · 39.8（parent only）
West Japan Railway Company[9021]
Logistics
- Revenue
- ¥232.6B▲11.7%
- Operating income
- ¥16.3B▲17.6%
Margin 7.0%
Whole company: Revenue ¥1.85T · Net income ¥127.5B
Avg. salary ¥7.3M · 37.4（parent only）
Yamazaki Baking[2212]
Retail business
- Revenue
- ¥79.8B▲4.7%
- Operating income
- -¥884M
Margin -1.1%
Whole company: Revenue ¥1.31T · Net income ¥40.9B
Avg. salary ¥6.3M · 39.6（parent only）
Kyushu Railway Company[9142]
Retail and Restaurant
- Revenue
- ¥71.4B▲7.0%
- Operating income
- ¥3.87B▲11.2%
Margin 5.4%
Whole company: Revenue ¥500.4B · Net income ¥45.5B
Avg. salary ¥6.4M · 42.5（parent only）
Sanyo Electric Railway[9052]
Retailing
- Revenue
- ¥9.36B▼1.0%
- Operating income
- ¥229M▼34.6%
Margin 2.4%
Whole company: Revenue ¥40.1B · Net income ¥4.04B
Avg. salary ¥5.9M · 42.7（parent only）
San-A[2659]
Convenience store business
- Revenue
- ¥9.36B▲8.2%
- Operating income
- ¥2.21B▲31.6%
Margin 23.6%
Whole company: Revenue ¥225.5B · Net income ¥10.7B
Avg. salary ¥5.5M · 36.3（parent only）
Pharmarise Holdings[2796]
Cosmetic,drug and convenience store
- Revenue
- ¥8.7B▲5.0%
- Operating income
- -¥44M
Margin -0.5%
Whole company: Revenue ¥63.5B · Net income -¥367M
Avg. salary ¥5.7M · 42.0（parent only）
Kobe Electric Railway[9046]
Distribution
- Revenue
- ¥5.28B▼1.1%
- Operating income
- ¥24M▼76.7%
Margin 0.5%
Whole company: Revenue ¥23.3B · Net income ¥1.46B
Avg. salary ¥5.6M · 41.0（parent only）
CVS Bay Area[2687]
Convenience store business
- Revenue
- ¥1.47B▲6.8%
- Operating income
- ¥133.1M▲22.1%
Margin 9.1%
Whole company: Revenue ¥7.9B · Net income -¥1.14B
Avg. salary ¥3.7M · 43.2（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | East Japan Railway CompanyTrading and Service | ¥416.1B | 49.9% | 16.4% | +10.6% | -¥123B |
| 2 | West Japan Railway CompanyLogistics | ¥232.6B | 27.9% | 7.0% | +17.0% | ¥78.5B |
| 3 | Yamazaki BakingRetail business | ¥79.8B | 9.6% | -1.1% | +7.6% | ¥25.6B |
| 4 | Kyushu Railway CompanyRetail and Restaurant | ¥71.4B | 8.6% | 5.4% | +13.2% | -¥13.1B |
| 5 | Sanyo Electric RailwayRetailing | ¥9.36B | 1.1% | 2.5% | +2.1% | ¥2.44B |
| 6 | San-AConvenience store business | ¥9.36B | 1.1% | 23.6% | — | ¥25.9B |
| 7 | Pharmarise HoldingsCosmetic,drug and convenience store | ¥8.7B | 1.0% | -0.5% | +2.2% | ¥609M |
| 8 | Kobe Electric RailwayDistribution | ¥5.28B | 0.6% | 0.4% | — | -¥153M |
| 9 | CVS Bay AreaConvenience store business | ¥1.47B | 0.2% | 9.0% | +3.0% | -¥233.9M |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- Operating costs
- SG&A
- Other
- Operating profit
Ownership links
From the major-shareholder section of annual securities reports.
- 阪急阪神ホールディングス 株式会社Outside
- AffiliateKobe Electric Railway27.7%
- ㈱スズケンOutside
- AffiliatePharmarise Holdings20.1%
- 株式会社日清製粉グループ本社Outside
- StakeYamazaki Baking5.6%
- 三菱商事株式会社Outside
- StakeYamazaki Baking5.0%
- 丸紅株式会社Outside
- StakeYamazaki Baking4.1%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Convenience Stores (by revenue)
All 9 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- East Japan Railway Company¥416.1B · 16.4%
- West Japan Railway Company¥232.6B · 7.0%
- Yamazaki Baking¥79.8B · -1.1%
- Kyushu Railway Company¥71.4B · 5.4%
- Sanyo Electric Railway¥9.36B · 2.5%
- San-A¥9.36B · 23.6%
- Pharmarise Holdings¥8.04B · -1.0%
- Kobe Electric Railway¥5.28B · 0.4%
- CVS Bay Area¥1.47B · 9.0%
Revenue · Op. margin
Related industries
- General Trading Companies
- Specialty Trading & Wholesale
- Supermarkets
- Department Stores
- Drugstores & Pharmacies
- Electronics Retailers
- Home Centers
- Furniture, Interior & Lifestyle Goods
- Apparel
- Baby & Kids Goods
- Outdoor & Sporting Goods Stores
- Catalog & TV Shopping
- Secondhand Retail
- Restaurants & Pubs
- Fast Food & Quick Service
- Cafés
- Takeout & Delivery Meals
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