FoodBud
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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

Global foodservice chain intelligence. Every figure should link back to a source.

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ZENSHO HOLDINGS CO.,LTD.

Medium
Group★Golden 50est. scale

JPX/TSE 7550 · Japan

Listing status
listed
Operating model
Direct / managed estate
Scale basis
GMV / system sales
Confidence
Medium
Segment
qsr snack fastfood

FY2026 restaurant/foodservice segment proxy: Global Sukiya, Global Hamasushi, Global Prepared Food, Global Fast Food and Restaurants. Retail, Corporate and Support, and Other are excluded; USD uses FY2026 period-average JPY/USD. Scale is a screening proxy, not disclosed system-wide sales.

Scale basis note

Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.

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.
14,947 stores
FY2025 (ended Mar 31, 2026): the number of restaurants and stores at year-end was 14,947, with 1,042 openings and 1,514 closures.
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · the number of restaurants and stores at year-end was 14,947, with 1,042 openings and 1,514 closures.
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Scale
Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
$7.57B
Directional proxy
FY2026 restaurant/foodservice segment proxy: Sukiya 314,454 + Hamasushi 320,277 + Prepared Food 221,895 + Fast Food 112,818 + Restaurants 171,281 = JPY 1,140,725 million (excl Retail/Corp/Other); USD uses FY2026 period-average 150.66772 JPY/USD. Screening proxy, not disclosed system-wide sales.
GMV / system salesTerminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
Directional proxy
S1 official primary (opens in new tab)
Operator Metric Source · Zensho FY2026 consolidated financial results, ended 2026-03-31; used for FY2026 scale proxy, revenue, profit and store-count metrics. FY2025 annual securities report remains in official_filing source for historical store-count raw.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: GMV / system sales
Precision: Estimated
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$506,532
Screening proxyest.
Derived from FY2026 restaurant/foodservice segment proxy (JPY 1,140,725m / 150.66772) divided by FY2026 total restaurants/stores (14,947, including franchises and retail stores). Denominator mixes restaurants, stores and franchises.
GMV / system salesTerminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
Directional proxy
S1 official primary (opens in new tab)
Operator Metric Source · Zensho FY2026 consolidated financial results, ended 2026-03-31; used for FY2026 scale proxy, revenue, profit and store-count metrics. FY2025 annual securities report remains in official_filing source for historical store-count raw.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: GMV / system sales
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$304.06M
FY2025 (ended Mar 31, 2026): net profit up 16.6% to ¥45.8 billion [JPY 45,812M] for FY2025 (ended March 31, 2026)
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 · net profit up 16.6% to ¥45.8 billion [JPY 45,812M] for FY2025 (ended March 31, 2026)
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$8.39B
JPY 1,264,053 million FY2026 consolidated net sales; USD estimate uses FY2026 period-average 150.66772 JPY/USD.
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Zensho FY2026 consolidated financial results, ended 2026-03-31; used for FY2026 scale proxy, revenue, profit and store-count metrics. FY2025 annual securities report remains in official_filing source for historical store-count raw.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Estimated

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.
$7.73B
Directional proxy
May 22, 2026: Unverified: no citable primary disclosure with a verbatim excerpt found. Cannot confirm exact May 22, 2026 price×shares. Around May 13 2026 market cap was ~USD 7.94B; by June 2026 it was ~USD 7.30B (JPY ~1.18T). Stored USD 7.73B is plausibl
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. Cannot confirm exact May 22, 2026 price×shares. Around May 13 2026 market cap was ~USD 7.94B; by June 2026 it was ~USD 7.30B (JPY ~1.18T). Stored USD 7.73B is plausibl
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

9/18 source-backed

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

Format & positioning
Cuisine (primary)
japaneseS2 official secondary (opens in new tab)
Cuisine (secondary)
not disclosed
Service model
QSRS4 (opens in new tab)
Price tier
valueS3 supplementary (opens in new tab)
Company
Founded
1,982S2 official secondary (opens in new tab)
HQ country
JapanS2 official secondary (opens in new tab)
CEO
Yohei OgawaS2 official secondary (opens in new tab)
Employees
195,806 headcountS2 official secondary (opens in new tab)
Ownership
Parent
Independent / public-standalone (Zensho Holdings; Sukiya operator; founder Kentaro Ogawa controlling block; JPX:7550)S4 (opens in new tab)
PE / holding
not disclosed
Recent M&A
not disclosed
Growth
Revenue YoY
17.7%S2 official secondary (opens in new tab)
Pricing & digital
Avg check
not disclosed
Digital sales
not disclosed
Off-premise
not disclosed
Franchise terms
Royalty
not disclosed
Franchise fee
not disclosed
By-market footprint
Asia ex-Japan (multi-country)
1,113 stores◑derivedS1 official primary (opens in new tab)
Central & South America (multi-country)
4 stores◑derivedS1 official primary (opens in new tab)
Europe (multi-country)
1,062 stores◑derivedS1 official primary (opens in new tab)
Japan
4,863 storesS1 official primary (opens in new tab)
Middle East (multi-country)
51 stores◑derivedS1 official primary (opens in new tab)
North America (multi-country)
7,459 stores◑derivedS1 official primary (opens in new tab)
Oceania (multi-country)
395 stores◑derivedS1 official primary (opens in new tab)

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

Disclosed store model

disclosed20/20 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
14,947 stores
FY2026 (year ended 2026-03-31; 2025-04-01 to 2026-03-31)
Source-backedS1 official primary (opens in new tab)
Total stores
2,650 stores
FY2026 (year ended 2026-03-31; 2025-04-01 to 2026-03-31)
Source-backedS1 official primary (opens in new tab)
Total stores
862 stores
FY2026 (year ended 2026-03-31; 2025-04-01 to 2026-03-31)
Source-backedS1 official primary (opens in new tab)
Total stores
8,970 stores
FY2026 (year ended 2026-03-31; 2025-04-01 to 2026-03-31)
Source-backedS1 official primary (opens in new tab)
Total stores
1,145 stores
FY2026 (year ended 2026-03-31; 2025-04-01 to 2026-03-31)
Source-backedS1 official primary (opens in new tab)
Total stores
1,181 stores
FY2026 (year ended 2026-03-31; 2025-04-01 to 2026-03-31)
Source-backedS1 official primary (opens in new tab)
Total stores
120 stores
FY2026 (year ended 2026-03-31; 2025-04-01 to 2026-03-31)
Source-backedS1 official primary (opens in new tab)
Total stores
15,419 stores
FY ended March 31, 2025 (43rd term; Apr 1, 2024 - Mar 31, 2025); as of fiscal year-end
Source-backedS1 official primary (opens in new tab)
Total stores
2,621 stores
FY ended March 31, 2025 (43rd term); Global Sukiya segment, as of fiscal year-end
Source-backedS1 official primary (opens in new tab)
Total stores
735 stores
FY ended March 31, 2025 (43rd term); Global Hamasushi segment, as of fiscal year-end
Source-backedS1 official primary (opens in new tab)
Total stores
10,732 stores
FY ended March 31, 2025 (43rd term); Global Fast Food segment, as of fiscal year-end
Source-backedS1 official primary (opens in new tab)
Total stores
1,186 stores
FY ended March 31, 2025 (43rd term); Restaurants segment, as of fiscal year-end
Source-backedS1 official primary (opens in new tab)
Total stores
126 stores
FY ended March 31, 2025 (43rd term); Retail segment, as of fiscal year-end
Source-backedS1 official primary (opens in new tab)
Franchised
8,235 stores
FY2026 (year ended 2026-03-31; 2025-04-01 to 2026-03-31)
Source-backedS1 official primary (opens in new tab)
Franchised
8,559 stores
FY ended March 31, 2025 (43rd term); group total as of fiscal year-end
Source-backedS1 official primary (opens in new tab)
Franchised
8,482 stores
FY ended March 31, 2025 (43rd term); Global Fast Food segment, as of fiscal year-end
Source-backedS1 official primary (opens in new tab)
Franchised
77 stores
FY ended March 31, 2025 (43rd term); Restaurants segment, as of fiscal year-end
Source-backedS1 official primary (opens in new tab)
New units opened
1,049 stores
FY2026 (year ended 2026-03-31; 2025-04-01 to 2026-03-31)
Source-backedS1 official primary (opens in new tab)
New units opened
880 stores
FY ended March 31, 2025 (43rd term; Apr 1, 2024 - Mar 31, 2025); group-wide openings during the period
Source-backedS1 official primary (opens in new tab)
New units opened
1,130 stores
FY ending March 31, 2026 PLAN (43rd-term-end plan for restaurant and store openings; forward-looking)
Source-backedS1 official primary (opens in new tab)

Single-store model

3/3 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 revenue/store; reasonable for direct operators; not disclosed AUV.
Derived: revenue_usd 7,147,133,860 / 15,419 stores = ~USD463,528/store.
FY2024_or_latest_L1
EstimatedNeeds source
Same-store sales
Sukiya flagship brand only; Zensho group spans many brands so group-wide SSS differs.
Global Sukiya same-restaurant/store sales 109.8% YoY (+9.8%) FY ended Mar-2025 (43rd Annual Securities Report).
FY2025/3
Source-backedS1 official primary (opens in new tab)
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 / COGS45.3%
FYE2025-03· 売上原価 incl food+production laborS2 official secondary (opens in new tab)Estimated
JGAAP. 売上原価 45.3 bundles food+production labor (group incl manufacturing). Labor shown SG&A-only (true higher). No ad line. Group consolidated.
Labor21.5%
FYE2025-03· SG&A labor onlyS2 official secondary (opens in new tab)Estimated
JGAAP. 売上原価 45.3 bundles food+production labor (group incl manufacturing). Labor shown SG&A-only (true higher). No ad line. Group consolidated.
Rent / occupancy5.5%
FYE2025-03S1 official primary (opens in new tab)Source-backed
JGAAP. 売上原価 45.3 bundles food+production labor (group incl manufacturing). Labor shown SG&A-only (true higher). No ad line. Group consolidated.
Delivery commission—
FYE2025-03Gap
JGAAP. 売上原価 45.3 bundles food+production labor (group incl manufacturing). Labor shown SG&A-only (true higher). No ad line. Group consolidated.
Marketing—
FYE2025-03Gap
JGAAP. 売上原価 45.3 bundles food+production labor (group incl manufacturing). Labor shown SG&A-only (true higher). No ad line. Group consolidated.
Operating margin6.6%
FYE2025-03· groupS1 official primary (opens in new tab)Source-backed
JGAAP. 売上原価 45.3 bundles food+production labor (group incl manufacturing). Labor shown SG&A-only (true higher). No ad line. Group consolidated.
Not separately disclosed21.1%

Supply chain

1 suppliers · 0 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.

Ministry of Agriculture, Forestry and Fisheries (MAFF / Japanese government rice stockpile)
Ingredients
discloses as: ZENSHO HOLDINGS CO.,LTD.
—named (no % disclosed)S3 newssource (opens in new tab)

Related insights

  • Japan's biggest restaurant company is a conglomerate — so you size Zensho by its food segments, not its total (opens in new tab)

Peers in this segment

McDonald's Holdings Company(Japan),Ltd.GMV / system salesJollibee Foods CorporationGMV / system salesYOSHINOYA HOLDINGS CO.,LTD.Company-operated revenue (proxy)MOS FOOD SERVICES,INC.GMV / system salesDPC DashRevenue proxy교촌에프앤비Revenue proxy

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