Overview
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Hikari Food Service Co.,Ltd.

Hikari Food Service operates a portfolio of standing-bar (tachi-nomi) restaurant brands primarily in the Nagoya metropolitan area, with selected locations in Tokyo and Hiroshima. Core brands include 'Yakiton Daikoku' (pork skewers at ¥99/skewer), 'Sakana Tsubaki' (seafood tempura and sashimi), 'Kinzan-ya' (Yokohama-style ramen), and 'Maruisei Niku-ten' (yakiniku). The company targets salaried workers aged 30–50 with an accessible, low-price-point, everyday dining concept centered on compact ~10-tsubo (approx. 33 sqm) storefronts operated via directly managed, outsourced, and franchise models.

Market Cap
¥2.90B
US$18.5M
EV
¥2.31B
US$14.7M
Stock¥2,925▼-0.75%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.8
x
LTM EV/EBIT
8.9
x
LTM PER
23.4
x
LTM PBR
2.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-23.2%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 15, 26Q2 FY2026/11 earnings announced
MC → EV Bridge
2.90BUS$18.5MMarket Cap0.86BUS$5.49M+ Debt1.46BUS$9.29M− Cash0.00BUS$0.00M− Inv. Sec.2.31BUS$14.7MEV
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Performance & Balance
Revenue 5Y (¥B)
0.87US$5.54M'21/111.68US$10.7M'22/112.23US$14.2M'23/112.57US$16.4M'24/112.86US$18.2M'25/11
EBITDA 5Y (¥B)
0.32US$2.04M'24/110.35US$2.22M'25/11
Net Income 5Y (¥B)
0.04US$0.26M'21/110.06US$0.40M'22/110.20US$1.28M'23/110.10US$0.64M'24/110.10US$0.65M'25/11
Capital Structure
62%
38%
EquityD/E 0.61xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'21/11'22/11'23/111.32US$8.43M0.75US$4.78M'24/111.39US$8.85M0.83US$5.30M'25/11
Shareholders
Top 10 hold 70.7%
1
M Company Co., Ltd.
42.34%
2
Mitsunori OTANI
13.31%
3
Shota NAKAJIMA
6.05%
4
Mitsubishi UFJ eSmart Securities Co., Ltd.
2.98%
5
Nomura Securities Co., Ltd.
1.26%
6
Hisashi ISHIDA
1.21%
7
Shunsuke INUI
1.01%
8
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
0.94%
9
Mitsuhiko MINAMIZUMI
0.84%
10
Shigeo MUKAIDA
0.71%
Management
6 officers
Mitsunori OTANI
Representative Director, President
Apr 2000 Joined Nagoya Nanzan Co., Ltd. Mar 2008 Started sole proprietorship Dec 2009 Established the Company; assumed office as Representative Director, President (current)
1980-07-26
Shota NAKAJIMA
Senior Managing Director, General Manager of Business Division
Dec 2009 Joined the Company Feb 2018 Assumed office as Senior Managing Director, General Manager of Business Division of the Company (current)
1984-05-13
Hisashi ISHIDA
Managing Director, General Manager of Administration Department
Sep 2006 Joined Takasaki Yuichi Tax Accountant Office Sep 2015 Registered as Certified Tax Accountant Dec 2018 Joined the Company; assumed office as General Manager of Administration Department Sep 2019 Assumed office as Director, General Manager of Administration Department of the Company Feb 2026 Assumed office as Managing Director, General Manager of Administration Department of the Company
1983-04-25
Hiroyasu KATO
Director, Audit and Supervisory Committee Member
Apr 1985 Joined Goshi Kaisha Kato Seisakusho Dec 1994 Assumed office as Representative Director, Sanki Kogyo Co., Ltd. (current) Sep 1997 Assumed office as Senior Managing Director, App Engineering Co., Ltd. (current) Feb 2009 Assumed office as Representative Partner, Goshi Kaisha Kato Seisakusho (current) Apr 2013 Assumed office as Director, PT. GMSI (current) Dec 2019 Assumed office as Representative Director, Shingi Kogyo Co., Ltd. Dec 2019 Assumed office as Representative Director, Shingi Kiko Ltd. (merged into Shingi Kogyo Co., Ltd. in Aug 2022) Feb 2022 Assumed office as Director of the Company Aug 2025 Assumed office as Director, NS Engineering Co., Ltd. (current) Feb 2026 Assumed office as Director, Audit and Supervisory Committee Member of the Company
1962-06-27
Masataka FUJISAWA
Director, Audit and Supervisory Committee Member
Feb 2013 Registered as Attorney-at-Law; opened Leaders Law Office (current) Jun 2015 Assumed office as Audit & Supervisory Board Member, MG Home Co., Ltd. (now AMG Holdings Co., Ltd.) Apr 2016 Concurrently serving as Practicing Faculty Member, Professional Program in Law, Graduate School of Law, Aichi University (current) Apr 2017 Registered as Certified Management Consultant Jun 2019 Assumed office as Audit & Supervisory Board Member of the Company Apr 2021 Assumed office as Outside Director, Audit and Supervisory Committee Member, AMG Holdings Co., Ltd. Sep 2022 Assumed office as Director, Audit and Supervisory Committee Member of the Company (current) Jun 2024 Assumed office as Outside Director, Trust Co., Ltd. (current) Apr 2025 Assumed office as Director, Seiryu Power Energy Co., Ltd. (current)
1985-08-09
Yukie YOKOI
Director, Audit and Supervisory Committee Member
Apr 2002 Joined Jenne Co., Ltd. (now ABC Cooking Studio Co., Ltd.) Oct 2002 Registered as Registered Dietitian Jun 2003 Joined Imamura Clinic Apr 2018 Registered as Certified Management Consultant Aug 2018 Registered as Certified Social Insurance and Labor Consultant Nov 2018 Opened Yokoi Consulting Office (current) Jun 2020 Assumed office as Audit & Supervisory Board Member of the Company Sep 2022 Assumed office as Director, Audit and Supervisory Committee Member of the Company (current)
1980-02-24
Large Shareholding Reports
M Company Co., Ltd.
2025-12-24
42.34%→42.34%
Annual report (as of 2026-05-31): 42.34%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-14
Q3 Earnings Flash
FY ending Nov 2026
EDINET
2026-07-14
Semi-Annual Securities Report
Period: Dec 2025 – Nov 2026
TDnet
2026-04-14
Q1 Earnings Flash
FY ending Nov 2026
EDINET
2026-02-24
Annual Securities Report
Period: Dec 2024 – Nov 2025
EDINET
2025-12-24
Large Shareholding Report
TDnet
2025-10-14
Q3 Earnings Flash
FY ending Nov 2025
EDINET
2025-07-14
Semi-Annual Securities Report
Period: Dec 2024 – Nov 2025
TDnet
2025-04-14
Q1 Earnings Flash
FY ending Nov 2025
EDINET
2025-02-27
Annual Securities Report
Period: Dec 2023 – Nov 2024
EDINET
2024-07-12
Quarterly Securities Report
Period: Dec 2023 – May 2024
EDINET
2024-04-12
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
TDnet
2024-04-12
Q1 Earnings Flash
FY ending Nov 2024
EDINET
2024-02-29
Annual Securities Report
Period: Dec 2022 – Nov 2023
EDINETAmended
2024-02-19
Amended Securities Registration Statement
EDINETAmended
2024-02-08
Amended Securities Registration Statement
EDINET
2024-01-25
Securities Registration Statement
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