Demae-Can Co.,Ltd (株式会社出前館), a leading operator of Japan’s food delivery platform “出前館” (Demae-Can), reported a challenging full-year fiscal 2026 (2026年８月期) performance, marked by a significant revenue decline and continued losses. Despite forecasting revenue growth in the coming fiscal year, the company remains under pressure to improve profitability.
Key Numbers (JPY bn/M)
| Metric | FY2026 (Actual) | YoY Change |
|---|---|---|
| Revenue | JPY 18.0bn | -13.9% |
| Operating Profit | JPY -3,200M | N/A |
| Ordinary Income | JPY -3,174M | N/A |
| Net Profit | JPY -3,179M | N/A |
| Operating Margin | -17.8% | N/A |
| Equity Ratio | 74.8% | 73.7% |
Business Overview Demae-Can Co.,Ltd operates the food delivery platform “出前館,” which connects customers with local restaurants for takeout and delivery services. The company also runs a liquor-focused online supermarket and delivery services, and is part of the LINE and Yahoo umbrella. As a key player in Japan’s food delivery sector, it is positioned to benefit from the ongoing digitalization of the restaurant industry.
Analysis The company’s FY2026 results highlight a sharp decline in revenue, with a 13.9% year-over-year (YoY) drop to JPY 18.0bn. This decline is particularly concerning given that the broader food delivery industry has seen more modest revenue contractions. The operating margin of -17.8% underscores a deteriorating cost structure, likely driven by intensified price competition and declining customer demand. The company’s operating, ordinary, and net income all turned negative, with operating losses more than doubling compared to the previous year, signaling a worsening operational efficiency.
Despite these challenges, the company has not revised its financial results, indicating that the current performance aligns with prior expectations. However, the outlook for the next fiscal year suggests a potential turnaround in revenue, with a forecast of JPY 44.1bn, representing an 11.0% increase over FY2026. This growth, however, is not expected to translate into profitability, as operating, ordinary, and net income are still projected to be in the red.
Next Year Guidance | Metric | FY2027 (Forecast) | YoY Change vs. FY2026 | |---------------------|-------------------|----
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.