Srs Holdings Co.,ltd. · TSE:8163
Srs Holdings Co.,ltd — Q3 FY3/26 Earnings Presentation
47 slides from Srs Holdings Co.,ltd's earnings presentation, Feb 10, 2026
Slide 1: Financial Results Explanatory Materials for the Third Quarter of FY Ending March 2026
Financial Results Explanatory Materials for the Third Quarter of the Fiscal Year Ending March 2026 February 10, 2026 SRS HOLDINGS CO., LTD. (Securities Code: 8163) ©SRS HOLDINGS CO., LTD. All rights reserved.
Slide 2: Agenda
01 3Q FY3/26 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 17 05 Management Initiatives Focused on Cost of Capital 21 2
Slide 3: Agenda
01 3Q FY3/26 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 17 05 Management Initiatives Focused on Cost of Capital 21 3
Slide 4: Consolidated Financial Highlights
Consolidated Financial Highlights Record Record Net sales Operating profit Ordinary profit high high 56,661 million yen 2,224 million yen 2,209 million yen Up 15.1% YoY Up 5.0% YoY Up 8.3% YoY Number of Overview restaurants Number of Group restaurants: 781 ◼ Net sales increased significantly year on
Slide 5: 3Q FY3/26 Consolidated Profit and Loss (YoY Change)
3Q FY3/26 Consolidated Profit and Loss (YoY Change) ◼ Net sale increased by 7,419 million yen due to the aforementioned increases in average sales per customer, revenue resulting from M&As, and the contribution of new restaurant openings. ◼ The gross profit margin decreased by 0.5% due to a rise in
Slide 6: 3Q FY3/26 Consolidated Balance Sheet
3Q FY3/26 Consolidated Balance Sheet ◼ Increase in current assets: mainly due to seasonal increases in inventories and accounts receivable – trade. ◼ Increase in current liabilities: mainly due to seasonal increase in accounts payable – trade. (Millions of yen) End of FY3/25 End of 3Q FY3/26 Change
Slide 7: 3Q FY3/26 YoY Changes in Consolidated Net Sales
3Q FY3/26 YoY Changes in Consolidated Net Sales ◼ As aforementioned, net sales significantly exceeded the previous year's results (up 7,419 million yen YoY). 58,000 400 (Millions of yen) 1,286 52 49 56,000 2,426 54,000 +7,419 52,000 56,661 4,007 50,000 49,241 48,000 2025年 3Q M&A 既存店 Existing New 新店
Slide 8: YoY Changes in Consolidated Net Sales by Business
3Q FY3/26 YoY Changes in Consolidated Net Sales by Business ◼ Exceeded the previous year's net sales in all businesses. ◼ The acquisition of AMINO as a subsidiary in the previous fiscal year significantly contributed to revenue growth. 59,000 (Millions of yen) 58,000 57,000 56,000 553 347 55,000 54,
Slide 9: 3Q FY3/26 YoY Changes in Consolidated Operating Profit
3Q FY3/26 YoY Changes in Consolidated Operating Profit ◼ Operating profit increased (up 105 million yen YoY) due to a strong performance in net sales, despite a sharp rise in raw material prices and an increase in personnel expenses resulting from active investment in education. 4,500 (Millions of y
Slide 10: 3Q FY3/26 Quarterly Results
3Q FY3/26 Quarterly Results ◼ In 3Q, both net sales and ordinary profit increased significantly year on year due to the strong performance of “Washoku Sato” and other existing businesses in net sales, as well as the start of consolidation of Sushi Benkei, which became a subsidiary in September 2025.
Slide 11: Agenda
01 3Q FY3/26 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 17 05 Management Initiatives Focused on Cost of Capital 21 11
Slide 12: Existing Restaurant Sales by Major Business Format
3Q FY3/26 Existing Restaurant Sales by Major Business Format ◼ Sales in both formats generally above 100% year on year in FY3/26 ◼ In 3Q, “Washoku Sato” saw sales increase by over 105% year on year due to the “All-you-can-eat crab course” selling more than expected in December. YoY change in existin
Slide 13: Existing Restaurant Sales by Major Business Format
3Q FY3/26 Existing Restaurant Sales by Major Business Format ◼ “Washoku Sato” and “Nigiri Chojiro” showed an increasing trend in the average sales per customer due to menu measures. We plan to take measures to increase the number of customers for the next fiscal year. YoY change in the number of cus
Slide 14: Agenda
01 3Q FY3/26 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 17 05 Management Initiatives Focused on Cost of Capital 21 14
Slide 15: Accelerating the Strategy for Restaurant Openings of Each Business
Accelerating the Strategy for Restaurant Openings of Each Business of SRS Group! ◼ Following the opening of “Washoku Sato Kurashiki Higashitomii” in Okayama, a new business area, “Washoku Sato Kurashiki-kita”, which opened in November, and “Washoku Sato Okayama Koshinden”, which opened in December,
Slide 16: Accelerating the Strategy for Restaurant Openings of Each Business
Accelerating the Strategy for Restaurant Openings of Each Business of SRS Group! ◼ Accelerating restaurant openings in multiple businesses with the aim of “becoming the overwhelming No. 1 gourmet conveyor belt sushi chain” and “establishing businesses as the third and fourth pillars of earnings,” ke
Slide 17: Agenda
01 3Q FY3/26 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 17 05 Management Initiatives Focused on Cost of Capital 21 17
Slide 18: FY3/26 Business Plan (No Revisions)
FY3/26 Business Plan (No Revisions) ◼ Forecasts for FY3/26, the first year of the new Medium-term Business Plan, are based on the continuation of the customer traffic trend from the previous fiscal year and a certain increase in the average sales per customer through price revisions. A surge in raw
Slide 19: 3Q FY3/26 Business Performance Progress Rate Against the Plan
3Q FY3/26 Business Performance Progress Rate Against the Plan ◼ Net sales and ordinary profit exceeded the plan. ◼ Operating profit was in line with the plan. 0% 20% 40% 60% 80% 100% （計画） Net sales (Plan) 【3Q】74.3% 56,496 million yen 76,000 million yen （実績） (Results) 【3Q】74.6% 56,661 million yen （計画
Slide 20: FY3/26 Restaurant Opening Progress Ratio by Business Format
FY3/26 Restaurant Opening Progress Ratio by Business Format Figures in parentheses represent franchised restaurants and joint venture restaurants. 3Q FY3/26 No. of restaurants No. of contracted FY3/26 restaurant No. of restaurants at Restaurants No. of restaurants at planned to open restaurants in o
Slide 21: Agenda
01 3Q FY3/26 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 17 05 Management Initiatives Focused on Cost of Capital 21 21
Slide 22: Management Initiatives Focused on Cost of Capital
Management Initiatives Focused on Cost of Capital ■ Policy on initiatives aimed at enhancing corporate value Policy Specific Initiatives KPIs • Improve profitability of existing businesses. Maintain ROE of over 8% Improvement of ROE • Appropriate return to shareholders. FY3/30 target: Over 12% • Res
Slide 23: Return to Shareholders
Return to Shareholders ■ Dividend results and dividend forecast In principle, the basic policy is to determine dividends to aim for a ▼ Dividends per share and consolidated dividend payout ratio consolidated dividend payout ratio of 20% or more. We will promote a (Yen) flexible dividend policy with
Slide 24: FY3/26 Financial Results Briefing
FY3/26 Financial Results Briefing ◼ The Company holds financial results briefings for institutional investors and analysts for the interim and full-year periods. ◼ The next full-year financial results briefing is scheduled for 15:30 to 16:30 on Monday, May 25, 2026. <Information on financial results
Slide 25: Appendix
Appendix 25
Slide 26: About SRS Holdings: Company profile
About SRS Holdings Company profile Characteristics of the SRS Group Year of establishment Paid in capital • Develops Japanese food restaurants in Japan and overseas As of March 31, 2025 • Establishes a dominant position in the Kansai region • Develops directly-managed stores mainly in 1968 11,077 mi
Slide 27: About SRS Holdings: Philosophy
About SRS Holdings Philosophy Contributing to society through providing food services. Management principles Aiming to realize our dreams Sharing enjoyment Loving communities and with partners. with others. developing symbiotic relationships. 27
Slide 28: About SRS Holdings: 781 restaurants
About SRS Holdings Number of domestic restaurants (758) [As of December 31, 2025] 200 stores 136 stores 72 stores 63 stores 58 stores Delivery 52 stores 34 stores 24 stores 24 stores sushi 11 stores business Highway 12 stores 9 stores 7 stores 5 stores business 5 stores 4 stores 1 store 1 store 1 st
Slide 29: SRS Group Major Brands
SRS Group Major Brands ■ Washoku Sato The largest chain of Japanese-style family restaurants in Japan. The all-you-can-eat menu items “Sato Shabu,” “Sato Suki,” and “Sato Style Yakiniku” are very popular. ■ Tendon Tempura Honpo Santen Authentic tendon and tempura are served based on the concept of “
Slide 30: SRS Group Major Brands
SRS Group Major Brands ■ Kazokutei Delicious soba is served based on the concept of "Kazokutei by your soba (side).” All the soba dishes are served with soba-yu (soba broth), which customers can enjoy until the very last bite. ■ Tokutoku Chewy udon noodles with flavorful "Kansai-dashi" soup are serv
Slide 31: SRS Group Major Brands
SRS Group Major Brands ■ Miyamoto Munashi Based on the concept of “Solo meals are hot!," set meals that energize and excite customers are served. A wide variety of set meals and free rice refills ensure that customers feel full and happy. ■ Tamagoyaki and Dashi Himawari The meals served mainly consi
Slide 32: SRS Group Major Brands
SRS Group Major Brands ■ Beefsteak Ushinofuku A beefsteak rice bowl made with aged beef which is matured in natural Japanese kelp overnight to bring out its umami flavor, and tender sirloin prepared and cooked carefully are served. ■ Katsuya Crispy, soft and filling katsudon and set meals are served
Slide 33: Summary of the New Medium-term Business Plan SRS VISION 2030
Summary of the New Medium-term Business Plan SRS VISION 2030 "Entertain with heartwarming Japanese cuisine, from Japan to the world." We aim to become a social infrastructure for food that is essential for people around the world by bringing affordable, casual, and approachable Japanese cuisine thro
Slide 34: Summary of the New Medium-term Business Plan
Summary of the New Medium-term Business Plan <Basic Policy> Dramatically develop existing businesses and establish a new earnings base to become the unrivaled No. 1 Japanese restaurant chain <Key Strategy Ⅰ > <Key Strategy Ⅱ > <Key Strategy Ⅲ > Turning “Washoku Sato” “Nigiri Chojiro” and Establish b
Slide 35: Consolidated Numerical Targets for SRS VISION 2030
Consolidated Numerical Targets for SRS VISION 2030 ◼ By implementing the four key strategies, we will achieve increases in net sales and profits, as well as improvements in profitability and return on capital. Implementing four key strategies <Existing stores> Improve profitability <<Financial impac
Slide 36: Consolidated Numerical Targets for SRS VISION 2030
Consolidated Numerical Targets for SRS VISION 2030 (Millions of yen) Net sales 115,000 (Millions of yen) Ordinary profit 103,000 Over 2.4 times 92,000 83,000 6,000 76,000 67,478 4,700 3,600 CAGR 3,000 2,800 2,539 over 11% FY3/25 FY3/25 FY3/26 FY3/27 FY3/28 FY3/29 FY3/30 25/3期実績 FY3/26 26/3期 FY3/27 2
Slide 37: Sustainability Initiatives
Sustainability Initiatives • Basic policy on sustainability Business activities of the SRS Group are guided by the philosophy of “contributing to society through providing food services.” We are dedicated to growing together with all stakeholders, including customers, employees, business partners, s
Slide 38: Sustainability Initiatives: DREAM
Sustainability Initiatives Key themes Details of Initiatives Applicable SDGs Aiming to realize our dreams with partners. Encouraged employees to use annual paid leave and to take 7 consecutive vacation days Continued the employee parent-child discount to assist with caring for children at all Washok
Slide 39: Sustainability Initiatives: LOVE
Sustainability Initiatives Key themes Details of Initiatives Applicable SDGs Loving communities and developing symbiotic relationships. Promoted mottECO activities Activities to reduce waste Participated in the “Eat Everything Campaign” conducted by local governments materials Donated to food banks
Slide 40: Sustainability Initiatives: Activities to reduce food waste
Sustainability Initiatives Activities to reduce food waste 〇 What is mottECO? • A new doggy bag idea begun by the Ministry of the Environment in October 2020. It was selected through a contest as a new name for taking home leftovers from restaurants, carried out based on mutual agreement between the
Slide 41: New Restaurants Opened in FY3/26
New Restaurants Opened in FY3/26 Shinpachi Shokudo Zest Oike, Kyoto Pref. Torisho Unuma, Gifu Pref. opened on April Oogamaya Seishin-chuo Plenty, Hyogo Pref. opened on April 3, 2025 4, 2025 opened on April 15, 2025 Torisho Yaenosato, Osaka Pref. opened on Torisho Iwaki Onahama, Fukushima Pref. Toris
Slide 42: New Restaurants Opened in FY3/26
New Restaurants Opened in FY3/26 Washoku Sato Kurashiki Higashitomii, Himawari Ecoll Izumi, Osaka Pref. opened Tokutoku Udon Wakayama Naka, Okayama Pref. opened on June 20, 2025 on July 9, 2025 Wakayama Pref. opened on July 14, 2025 Katsuya Takatsuki Minami, Osaka Pref. SATO don Central Plaza Rayong
Slide 43: New Restaurants Opened in FY3/26
New Restaurants Opened in FY3/26 Karayama Osakasayama, Osaka Pref. SATO don Lotus’s Eatery Srinakarin, SATO don Central Plaza Rayong, Thailand opened on September 26, 2025 Thailand opened on October 1, 2025 opened on October 1, 2025 Torisho Minamimorimachi, Osaka Pref. Torisho JR Tsukaguchi, Hyogo P
Slide 44: New Restaurants Opened in FY3/26
New Restaurants Opened in FY3/26 Washoku Sato Kurashiki Kita, Okayama Torisho Takashimadaira, Tokyo Pref. Popolamama Sorio Takarazuka, Hyogo Pref. Pref. opened on November 10, 2025 opened on November 11, 2025 opened on November 12, 2025 Shinpachi Shokudo Nagoya Fushimi, Aichi SATO don Seacon Square
Slide 45: New Restaurants Opened in FY3/26
New Restaurants Opened in FY3/26 Beefsteak Ushinofuku Uehonmachi Torisho Wakayama Naka, Wakayama Pref. YUFURA, Osaka Pref. opened on December opened on December 11, 2025 10, 2025 (alongside an existing Tokutoku Udon) 45
Slide 46: IR Information
IR Information ■Official website <IR site> ■Shared Research Providing information for shareholders and investors. As a sponsored research report, detailed information Monthly information and various IR materials are also on IR is posted. posted on the IR website https://sharedresearch.jp/ja/companie
Slide 47: Contact Information
Contact Information SRS HOLDINGS CO., LTD. Corporate Planning Dept. (Kodama, Nakajima) TEL: +81-6-7709-9977 Email: 873@sato-rs. jp The business performance forecast in this material is based on information that was available at the time of this presentation. Contained within are many uncertain eleme