Overview
Retail Trade

DOUTOR・NICHIRES Holdings Co.,Ltd.

Doutor Nichires Holdings is a holding company operating two core business groups: the Doutor Coffee Group, which manages coffee roasting, processing, and sales alongside direct and franchise coffee chain operations (primarily the Doutor Coffee Shop brand), and the Japan Restaurant System Group, which operates multi-format restaurant chains including Hoshino Coffee and Yomenya Goemon. The company also conducts bakery operations, natural food retail, confectionery manufacturing, and overseas restaurant operations in Singapore, Taiwan, and South Korea. Its competitive strengths lie in its vertically integrated supply chain—from raw coffee bean procurement and roasting through to retail and franchise distribution—and its diversified multi-brand portfolio across café and casual dining segments.

Market Cap
¥149B
US$950M
EV
¥119B
US$759M
Stock¥3,540▲+0.28%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.1
x
LTM EV/EBIT
9.7
x
LTM PER
17.5
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+22.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
149BUS$950MMarket Cap2.48BUS$15.8M+ Debt31.1BUS$198M− Cash1.66BUS$10.6M− Inv. Sec.0.37BUS$2.39M+ NCI119BUS$759MEV
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Performance & Balance
Revenue 5Y (¥B)
109US$697M'22/2127US$809M'23/2141US$897M'24/2149US$949M'25/2159US$1.01B'26/2
EBITDA 5Y (¥B)
2.40US$15.3M'22/26.88US$43.9M'23/211.6US$73.8M'24/214.2US$90.6M'25/214.8US$94.5M'26/2
Net Income 5Y (¥B)
1.22US$7.79M'22/23.43US$21.9M'23/25.49US$35.0M'24/26.88US$43.9M'25/27.23US$46.1M'26/2
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
35.2US$224M1.54US$9.82M'22/233.0US$211M1.71US$10.9M'23/236.7US$234M2.40US$15.3M'24/240.1US$256M3.00US$19.2M'25/230.9US$197M2.78US$17.8M'26/2
Shareholders
Top 10 hold 51.4%
1
Katsufumi OBAYASHI
15.24%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.03%
3
Madam Hiro Co., Ltd.
8.87%
4
Custody Bank of Japan, Ltd. (Trust Account)
4.00%
5
Hiromichi TOBA
3.23%
6
JAPAN TOBACCO INC.
3.14%
7
Yutaka TOBA
1.98%
8
JPMorgan Securities Japan Co., Ltd.
1.44%
9
State Street Bank and Trust Company 505103 (Standing Proxy: Settlement Operations Department, Mizuho Bank, Ltd.) (Trust Account)
1.29%
10
Mieko OBAYASHI
1.14%
Management
11 officers
Katsufumi OBAYASHI
Representative Director, Chairman
Born Aug 1944 Aug 1973 Founded Bolz Japan Co., Ltd. (renamed Minami India Co., Ltd.; merged with Nippon Restaurant System Co., Ltd. in Jun 2001), Representative Director, President Oct 1973 Director, Showsan Restaurant Planning Co., Ltd. (now Nippon Restaurant System Co., Ltd.) Feb 1976 Representative Director, Senior Managing Director, the same company Aug 1977 Director, German Restaurant System Co., Ltd. (now Nippon Restaurant System Co., Ltd.) Jun 1978 Merger of Showsan Restaurant Planning Co., Ltd. and German Restaurant System Co., Ltd. to form Nippon Restaurant System Co., Ltd.; Representative Director, Senior Managing Director Jul 1979 Representative Director, President, Nippon Restaurant System Co., Ltd. Aug 2005 Representative Director, Chairman, Nippon Restaurant System Co., Ltd. Oct 2007 Representative Director, Chairman, the Company May 2008 Director, the Company May 2016 Representative Director, Chairman, the Company (current) May 2016 Representative Director, Chairman and President, Nippon Restaurant System Co., Ltd. (current) May 2016 Representative Director, Chairman, Premium Coffee & Tea Co., Ltd. (current) May 2016 Director, Doutor Coffee Co., Ltd. Apr 2017 Representative Director, Chairman, Doutor Coffee Co., Ltd. (current)
1944-08-04
Masanori HOSHINO
Representative Director, President
Apr 1983 Joined Doutor Coffee Co., Ltd. Jun 2000 Director, Doutor Coffee Co., Ltd. Jun 2002 Managing Director, Doutor Coffee Co., Ltd. Jun 2004 Senior Managing Director, Doutor Coffee Co., Ltd. Jul 2005 Vice President, Doutor Coffee Co., Ltd. Oct 2007 Director, the Company May 2008 Representative Director, President, the Company (current) May 2011 Representative Director, Chairman, Doutor Coffee Co., Ltd. May 2011 Representative Director, President, D&N International Co., Ltd. (current) May 2013 Director, Nippon Restaurant System Co., Ltd. (current) Apr 2017 Representative Director, President, Doutor Coffee Co., Ltd. (current) May 2023 Representative Director, President, Premium Coffee & Tea Co., Ltd. (current)
1959-10-22
Motoya TAKEBAYASHI
Managing Director
Oct 1997 Joined Doutor Coffee Co., Ltd. Mar 2010 Senior Executive Officer and General Manager, Sales Division, Doutor Coffee Co., Ltd. May 2014 Director, Doutor Coffee Co., Ltd. May 2016 Managing Director, Doutor Coffee Co., Ltd. May 2017 Director, the Company May 2018 Managing Director, the Company (current) May 2018 Senior Managing Director, Doutor Coffee Co., Ltd. (current)
1966-05-26
Tomoyo GODA
Director
Apr 1994 Joined Nippon Restaurant System Co., Ltd. Aug 2008 Director, D&N Confectionery Co., Ltd. May 2013 Director, Nippon Restaurant System Co., Ltd. May 2016 Director, the Company May 2016 Managing Director, D&N Confectionery Co., Ltd. May 2018 Representative Director, President, D&N Confectionery Co., Ltd. (current) May 2018 Managing Director, Nippon Restaurant System Co., Ltd. Oct 2022 Representative Director, President, Sun Merry Co., Ltd. (current) Sep 2023 Senior Managing Director, Nippon Restaurant System Co., Ltd. (current) May 2026 Managing Director, the Company (current)
1970-09-08
Kazuhiro SEKINE
Director
Jan 2007 Joined Doutor Coffee Co., Ltd. Apr 2010 General Manager, Public Relations Department, Administration Division, Doutor Coffee Co., Ltd. Dec 2010 General Manager, Public Relations and IR Department, the Company Mar 2015 General Manager, Administration Division, Doutor Coffee Co., Ltd. (current) May 2017 Director, Doutor Coffee Co., Ltd. May 2018 Director, the Company (current) May 2026 Managing Director, Doutor Coffee Co., Ltd. (current)
1965-11-17
Kazushige ENOKI
Director
Apr 1995 Joined Doutor Coffee Co., Ltd. Apr 2010 General Manager, Sales Promotion Department, Sales Division, Doutor Coffee Co., Ltd. May 2018 Director and General Manager, Purchasing and Logistics Division, Doutor Coffee Co., Ltd. Mar 2020 Director and General Manager, Product Division, Doutor Coffee Co., Ltd. (current) May 2023 Director, the Company (current) Feb 2026 Director, Nippon Restaurant System Co., Ltd. (current)
1971-05-11
Tadashi MIYAJIMA
Director
Apr 1993 Joined Nippon Restaurant System Co., Ltd. May 2008 Director, Nippon Restaurant System Co., Ltd. May 2015 Managing Director, Nippon Restaurant System Co., Ltd. Sep 2023 Senior Managing Director, Nippon Restaurant System Co., Ltd. May 2024 Director, the Company (current) Oct 2025 Managing Director, Nippon Restaurant System Co., Ltd. (current)
1967-07-05
Akiko IWATA
Director
Apr 1996 Joined Nippon Hoso Kyokai (NHK) Jul 2013 Political Correspondent and Senior Commentator, NHK Apr 2018 Visiting Professor, Chukyo University Jul 2019 Chief Commentator, NHK Jul 2022 Left NHK Aug 2022 Representative Director, IWATA Co., Ltd. (current) Sep 2022 Visiting Professor, Chiba University (current) Apr 2023 Freelance Journalist (current) May 2024 Director, the Company (current) Aug 2024 Outside Director, Nihon Enterprise Co., Ltd. (current)
1969-04-07
Masaharu KONO
Director, Audit and Supervisory Committee Member
Apr 1973 Joined Ministry of Foreign Affairs of Japan Apr 2001 Consul General, Consulate-General of Japan in Los Angeles Aug 2005 Director-General, Public Affairs Bureau? (see note) Jan 2007 Director-General, Foreign Policy Bureau; Deputy Minister for Foreign Affairs (Economic Affairs) Apr 2009 Ambassador Extraordinary and Plenipotentiary to the Russian Federation Mar 2011 Ambassador Extraordinary and Plenipotentiary to Italy Mar 2014 Executive Director, Tokyo 2020 Olympic and Paralympic Games Organizing Committee (2020) Sep 2014 Representative of the Government of Japan May 2015 Director, the Company Jun 2015 Outside Director, Sumitomo Mitsui Financial Group, Inc. May 2024 Director, Audit and Supervisory Committee Member, the Company (current)
1948-12-21
Hiroshi ASAI
Director, Audit and Supervisory Committee Member
Jul 1971 Joined Ministry of Transport (now Ministry of Land, Infrastructure, Transport and Tourism) Jul 1991 Director, Consumer Administration Division, Transport Policy Bureau, the same ministry Jul 1994 General Manager, General Affairs Department, Japan Railway Construction Public Corporation Jun 2000 Deputy Commissioner, Japan Coast Guard Jun 2006 Managing Director, Japan Freight Railway Company Jun 2009 Representative Director, President, Japan Freightliner Co., Ltd. Jun 2015 Senior Advisor, ASAI Co., Ltd. (current) May 2017 Audit & Supervisory Board Member, the Company May 2022 Director, Audit and Supervisory Committee Member, the Company (current)
1947-06-10
Shozo MATSUMOTO
Director, Audit and Supervisory Committee Member
Apr 1970 Joined Ministry of Health and Welfare (now Ministry of Health, Labour and Welfare) Aug 1985 Director, Public Relations Office, Minister's Secretariat, the same ministry Jun 1990 Director, Facilities Division, Social Welfare Bureau, the same ministry Sep 1994 Director, Secretariat Division, Director-General's Secretariat, Environment Agency (now Ministry of the Environment) Jul 1996 Deputy Director-General, Minister's Secretariat, Ministry of Health and Welfare (Pensions) Jul 2001 Director-General, Minister's Secretariat, Ministry of the Environment Jul 2004 Deputy Minister for Global Environment Sep 2009 President, National Pension Fund Association May 2019 Audit & Supervisory Board Member, the Company May 2022 Director, Audit and Supervisory Committee Member, the Company (current)
1947-01-10
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-13
Semi-Annual Securities Report
Period: Mar 2026 – Aug 2026
TDnet
2026-10-13
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-13
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-26
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-14
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Aug 2025
TDnet
2025-07-11
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-28
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-14
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-15
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2024-07-12
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-05-29
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-14
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-26
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-07-15
Quarterly Securities Report
EDINET
2022-05-26
Annual Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-15
Quarterly Securities Report
EDINET
2021-07-15
Quarterly Securities Report
EDINET
2021-05-26
Annual Securities Report
EDINET
2021-01-14
Quarterly Securities Report
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