Y's Table Corporation (TSE:2798), a leading operator of restaurants and bars in Japan, reported a strong full-year performance for the 2026 fiscal year (ended February 2026), driven by improved cost management and a rebound in high-value offerings. The company’s operating profit surged 109.5% year-over-year (YoY), despite a modest 7.6% increase in revenue, signaling a significant improvement in profitability. Management has raised its full-year guidance for the next fiscal year, pointing to continued momentum in its strategic initiatives.
Key Numbers (JPY, Full-Year 2026 Fiscal Year)
| Metric | FY2026 (JPY) | YoY Change |
|---|---|---|
| Revenue | 13.0bn | +7.6% |
| Operating Profit | 249M | +109.5% |
| Ordinary Income | 345M | +39.1% |
| Net Profit | 205M | -21.3% |
| Operating Margin | 1.9% | — |
| Equity Ratio | 17.4% | — |
Business Overview
Y's Table Corporation operates a diverse portfolio of dining establishments, including its flagship high-end restaurant "XEX" and several pizzerias. The company also operates in the delivery and party services segments, positioning itself across multiple customer touchpoints in the Japanese food and beverage market.
Analysis
The company’s operating profit surged by 109.5% YoY, despite a relatively modest 7.6% increase in revenue. This sharp improvement in profitability is attributed to effective cost control, an expansion in high-margin products, and a recovery in inbound tourism demand. However, net profit declined by 21.3% YoY, which management attributes to increased corporate taxes, other expenses, and investment expenditures aimed at supporting long-term growth.
The company’s operating margin of 1.9% remains below industry averages, particularly in the restaurant sector, where margins typically range from 3% to 7%. This highlights the challenges of maintaining profitability in a highly competitive and cost-sensitive market. Nevertheless, the significant improvement in operating profit suggests that the company is making strides in optimizing its cost structure and leveraging its premium offerings.
Next Year Guidance
| Metric | 2027 Forecast (JPY) | YoY Change |
|---|---|---|
| Revenue | 15.45bn | +18.4% |
| Operating Profit | 424M | +70.4% |
| Ordinary Income | 483M | +39.9% |
| Net Profit | 422M | +105.7% |
Management has provided the above guidance for the next fiscal year. Investors should monitor the company's progress against these targets.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Financial figures are AI-extracted and may contain errors — always verify against the original filing.