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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

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DOUTOR・NICHIRES Holdings Co.,Ltd.

Medium
Group★Golden 50est. scale

JPX/TSE 3087 · Japan

Listing status
listed
Operating model
Direct / managed estate
Scale basis
Company-operated revenue (proxy)
Confidence
Medium
Segment
coffee tea milk tea

Cafe chain plus wholesale/restaurant group; this refresh mainly corrects stale GMV quality after GH-040.

Scale basis note

Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
2,065 stores
Directional proxy
FY2026 (ended Feb 28, 2026): Unverified: no citable primary disclosure with a verbatim excerpt found. Store count 2065 (2038 domestic + 27 overseas) could not be verified in any fetchable text source. The company's supplemental PDFs (e.g. dnh.co.jp) are image-scanned a
Directional proxy
S3 supplementary (opens in new tab)
Media Or Aggregator · Unverified: no citable primary disclosure with a verbatim excerpt found. Store count 2065 (2038 domestic + 27 overseas) could not be verified in any fetchable text source. The company's supplemental PDFs (e.g. dnh.co.jp) are image-scanned a
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Scale
Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.
$1.06B
FY2026 (ended Feb 28, 2026): 売上高1591億4700万円(前年同期比+6.9%)、営業利益101億5000万円(5.8%増)、経常利益106億1500万円(10.4%増)、親会社に帰属する当期利益72億3400万円(5.1%増)
Company-operated revenue (proxy)Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · 売上高1591億4700万円(前年同期比+6.9%)、営業利益101億5000万円(5.8%増)、経常利益106億1500万円(10.4%増)、親会社に帰属する当期利益72億3400万円(5.1%増)
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Company-operated revenue (proxy)
Precision: Estimated
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$514,396
Screening proxyest.
Derived scale_per_store = scale_usd ÷ store_count (2065) at the company_operated_revenue basis (FY2026); not a separately reported metric.
Company-operated revenue (proxy)Revenue from company-operated restaurants (mostly-owned estates). Useful for accounting scale, not directly comparable with GMV/system sales.
Source-backed
S2 official secondary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S2 official secondary
Source: Operator Metric Source
Basis: Company-operated revenue (proxy)
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$43.26M
FY2026 (ended Feb 28, 2026): 親会社に帰属する当期利益72億3400万円(5.1%増)
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · 親会社に帰属する当期利益72億3400万円(5.1%増)
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$1.06B
Consolidated revenue JPY159,147 million FY2026 (ended 2026-02-28), +6.9% YoY, reported 2026-04-14; USD estimate uses FRED DEXJPUS FY2026 period-average 149.82378 JPY/USD. Same company-revenue basis as prior FY2025 JPY148,822M lock.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S2 official secondary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S2 official secondary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Manual override

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$747.22M
Directional proxy
May 22, 2026: Unverified: no citable primary disclosure with a verbatim excerpt found. Stored USD 747,219,604 ≈ JPY 110B at ~147 JPY/USD is plausible given Jun 23, 2026 market cap of JPY 110.39B per stockanalysis.com. However, exact May 22, 2026 market c
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Directional proxy
S3 supplementary (opens in new tab)
Media Or Aggregator · Unverified: no citable primary disclosure with a verbatim excerpt found. Stored USD 747,219,604 ≈ JPY 110B at ~147 JPY/USD is plausible given Jun 23, 2026 market cap of JPY 110.39B per stockanalysis.com. However, exact May 22, 2026 market c
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

11/21 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
coffee cafeS2 official secondary (opens in new tab)
Cuisine (secondary)
sandwich bakeryS2 official secondary (opens in new tab)
Service model
coffee cafeS4 (opens in new tab)
Price tier
valueS3 supplementary (opens in new tab)
Company
Founded
2,007S3 supplementary (opens in new tab)
HQ country
JapanS3 supplementary (opens in new tab)
CEO
Masanori HoshinoS3 supplementary (opens in new tab)
Employees
10,905 headcountS3 supplementary (opens in new tab)~
Ownership
Parent
Public-standalone; holding company formed by merger of Doutor Coffee and Nippon Restaurant System (Nichiryo). Doutor founding family retains influenceS3 supplementary (opens in new tab)
PE / holding
not disclosed
Recent M&A
not disclosed
Growth
System sales YoY
not disclosed
Revenue YoY
6.9%S3 supplementary (opens in new tab)
Net new units
not disclosed
Pricing & digital
Avg check
not disclosed
Digital sales
not disclosed
Off-premise
not disclosed
Loyalty members
not disclosed
Franchise terms
Royalty
2%S2 official secondary (opens in new tab)
Franchise fee
$9,900S2 official secondary (opens in new tab)
By-market footprint
Japan
2,065 storesS2 official secondary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed9/9 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
2,038 stores
FY ended Feb 28, 2025; domestic only, as of Feb 2025 ('25年2月 FY2024' column)
Source-backedS1 official primary (opens in new tab)
Total stores
2,068 stores
FY ended Feb 28, 2025; group grand total incl. overseas (海外計 27) and D&N International, as of Feb 2025
Source-backedS1 official primary (opens in new tab)
Company-operated
1,142 stores
FY ended Feb 28, 2025; as of Feb 2025 (computed as disclosed total 2,038 minus disclosed FC 896 — both figures printed in the same '全店 / うちFC' table)
Source-backedS1 official primary (opens in new tab)
Company-operated
234 stores
FY ended Feb 28, 2025; Hoshino Coffee (星乃珈琲店) domestic (269 total − 35 franchise), as of Feb 28, 2025
Source-backedS1 official primary (opens in new tab)
Franchised
896 stores
FY ended Feb 28, 2025 (FY2024 in company labeling; fiscal year 2024-03-01 to 2025-02-28); table column '25年2月 FY2024', as of Feb 2025
Source-backedS1 official primary (opens in new tab)
Franchised
855 stores
FY ended Feb 28, 2025; Doutor Coffee group segment (ドトールコーヒー小計), as of Feb 2025
Source-backedS1 official primary (opens in new tab)
Franchised
35 stores
FY ended Feb 28, 2025; Nihon Restaurant System group — Hoshino Coffee (星乃珈琲店), as of Feb 28, 2025
Source-backedS1 official primary (opens in new tab)
New units opened
58 stores
FY ended Feb 28, 2025 (2024-03-01 to 2025-02-28); group-wide new openings
Source-backedS1 official primary (opens in new tab)
New units opened
16 stores
FY ended Feb 28, 2025; Nihon Restaurant System group new openings
Source-backedS1 official primary (opens in new tab)

Single-store model

2/2 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Derived system-sales/store = unit-volume proxy; not a disclosed AUV.
Derived: gmv_or_system_sales_usd 935,714,499 / 2,065 stores = ~USD453,131/store.
FY2024_or_latest_L1
EstimatedNeeds source
Company-operated share
Inferred ~100% company-operated from model tier; confirm exact split if disclosed.
Model tier "direct_or_managed_estate" -> inferred company-operated share 1.0.
current
EstimatedNeeds source

Cost structure

4/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS41.1%
FYE2026-02· JGAAP 連結; COGS incl coffee roasting + FC/CVS wholesaleS1 official primary (opens in new tab)Source-backed
Doutor FC比率高 -> COGS 41% not store food cost. FC store labor/rent franchisee-borne.
Labor20.4%
FYE2026-02· JGAAP 連結; COGS incl coffee roasting + FC/CVS wholesaleS1 official primary (opens in new tab)Source-backed
Doutor FC比率高 -> COGS 41% not store food cost. FC store labor/rent franchisee-borne.
Rent / occupancy11.3%
FYE2026-02· JGAAP 連結; COGS incl coffee roasting + FC/CVS wholesaleS1 official primary (opens in new tab)Source-backed
Doutor FC比率高 -> COGS 41% not store food cost. FC store labor/rent franchisee-borne.
Delivery commission—
FYE2026-02· JGAAP 連結; COGS incl coffee roasting + FC/CVS wholesaleGap
Doutor FC比率高 -> COGS 41% not store food cost. FC store labor/rent franchisee-borne.
Marketing—
FYE2026-02· JGAAP 連結; COGS incl coffee roasting + FC/CVS wholesaleGap
Doutor FC比率高 -> COGS 41% not store food cost. FC store labor/rent franchisee-borne.
Operating margin6.4%
FYE2026-02· JGAAP 連結; COGS incl coffee roasting + FC/CVS wholesaleS1 official primary (opens in new tab)Source-backed
Doutor FC比率高 -> COGS 41% not store food cost. FC store labor/rent franchisee-borne.
Not separately disclosed20.8%

Supply chain

3 suppliers · 1 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Toyo Seikan Group Holdings (via subsidiary Tokan Kogyo / 東罐興業)TSE:5901
Packaging
discloses as: DOUTOR・NICHIRES Holdings Co.,Ltd.
—named (no % disclosed)S3 newssource (opens in new tab)
Meiji Co., Ltd. (Meiji Holdings)TSE:2269
Dairy
discloses as: DOUTOR・NICHIRES Holdings Co.,Ltd.
—named (no % disclosed)S1 filingsource (opens in new tab)
Kyodo Milk Industry Co., Ltd. (Meito / 協同乳業)
Dairy
discloses as: DOUTOR・NICHIRES Holdings Co.,Ltd.
—named (no % disclosed)S2 citedsource (opens in new tab)

Peers in this segment

Yum ChinaRevenue proxyMixueGMV / system salesGumingGMV / system salesChaPandaRevenue proxyAuntea JennyRevenue proxySaint Marc Holdings Co.,Ltd.Revenue proxy

Same segment — each operator keeps its own scale basis; this is navigation, not a like-for-like comparison.