Overview
Retail Trade

WATAMI CO.,LTD.

Watami is a diversified food and beverage group operating domestic restaurant chains, a home meal delivery (Takushoku) service, and overseas restaurant businesses across Asia and the US. The company also engages in agricultural production through its farm subsidiaries and operates an energy business including electricity retail and wind power generation. Its domestic restaurant segment includes franchise development, while the home delivery segment focuses on manufacturing and delivering meal kits and prepared foods directly to consumers.

Market Cap
¥35.1B
US$224M
EV
¥14.9B
US$94.8M
Stock¥874▼-0.23%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.1
x
LTM EV/EBIT
3.0
x
LTM PER
6.7
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-26.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
35.1BUS$224MMarket Cap27.2BUS$174M+ Debt39.0BUS$248M− Cash8.97BUS$57.2M− Inv. Sec.0.50BUS$3.19M+ NCI14.9BUS$94.8MEV
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Performance & Balance
Revenue 5Y (¥B)
64.4US$410M'22/377.9US$497M'23/382.3US$525M'24/388.7US$566M'25/393.3US$595M'26/3
EBITDA 5Y (¥B)
-1.37-US$8.74M'22/33.29US$21.0M'23/35.55US$35.4M'24/36.79US$43.3M'25/37.16US$45.6M'26/3
Net Income 5Y (¥B)
-1.84-US$11.8M'22/31.67US$10.7M'23/34.19US$26.7M'24/33.52US$22.5M'25/34.11US$26.2M'26/3
Capital Structure
52%
48%
EquityD/E 0.91xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
31.0US$198M24.9US$159M'22/334.0US$217M24.6US$157M'23/336.5US$233M27.3US$174M'24/346.4US$296M29.1US$185M'25/348.0US$306M29.0US$185M'26/3
Shareholders
Top 10 hold 56.2%
1
Kenitenn Co., Ltd.
24.33%
2
Suntory Ltd.
13.51%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.17%
4
Custody Bank of Japan, Ltd. (Trust Account)
5.29%
5
The Bank of Yokohama, Ltd.
1.60%
6
WATAMI CO.,LTD. Employee Stock Ownership Association
1.30%
7
Sompo Japan Insurance Inc.
1.09%
8
Kyokuyo Shoji Co., Ltd.
0.99%
9
Meiji Yasuda Life Insurance Company
0.95%
10
Mizuho Bank, Ltd.
0.94%
Management
6 officers
Miki WATANABE
Representative Director, Chairman and President, CEO
Apr 1984 Established Watami Shoji Co., Ltd., Representative Director May 1986 Established Watami Co., Ltd. (now Watami Co., Ltd.), Representative Director, President Mar 2001 Chairman, School Aid Japan (NPO) (now School Aid Japan Foundation) (current) Mar 2003 Chairman, Ikubunkan Educational Corporation (now Ikubunkan Yume Gakuen) (current) Jun 2009 Representative Director, Chairman and CEO, the Company Nov 2010 Chairman, Minna no Yume wo Kanaeru Kai (NPO) (now Minna no Yume wo Kanaeru Kai Foundation) (current) Feb 2011 Senior Adviser to the Board, the Company May 2011 Chairman of the Board (part-time), the Company Jun 2011 Reconstruction Adviser, Rikuzentakata City, Iwate Prefecture (current) Jun 2013 Chairman, Save Earth Foundation (current) Jul 2013 Member, House of Councillors Sep 2019 Representative Director, Chairman and Group CEO, the Company Mar 2021 Member, Reconstruction Promotion Committee, Reconstruction Agency Oct 2021 Representative Director, Chairman and President, the Company Apr 2024 Representative Director, Chairman and President, CEO, the Company (current)
1959-10-05
Kuniaki SHIMIZU
Director, Executive Vice President, CHO
Sep 1991 Joined the Company Aug 1997 General Manager, Eastern Japan Division, the Company Aug 2003 Executive Officer and General Manager, Gohan Business Headquarters, the Company Sep 2005 Director, R no Kaigo Co., Ltd. Apr 2006 Representative Director, President, Watami no Kaigo Co., Ltd. Jun 2009 Director, the Company, and Representative Director, President, Watami no Kaigo Co., Ltd. Nov 2012 Managing Director, the Company, and Representative Director, President, Watami no Kaigo Co., Ltd. Oct 2014 Managing Director, the Company, and Representative Director, President, Watami Food Service Co., Ltd. Mar 2015 Representative Director, President, the Company, and Representative Director, President, Watami Food Systems Co., Ltd. Apr 2015 Director, Wamin International Co., Ltd. (current) Jun 2015 Director, Watami Energy Co., Ltd. Dec 2015 Outside Director, SOMPO Care Next Co., Ltd. Dec 2015 Representative Director, President and COO, the Company Oct 2021 Representative Director, Vice President and Head of Human Resources Development, the Company Apr 2022 Representative Director, Vice President, the Company Sep 2022 Representative Director, Watami Energy Co., Ltd. Apr 2023 Director, Vice President, the Company Dec 2023 Representative Director, Watami Farm Co., Ltd. Apr 2024 Director, Executive Vice President, CHO, the Company (current)
1970-06-01
Masaya WATANABE
Director, Managing Executive Officer
Apr 2011 Joined Mirabaud (Asia) Limited Aug 2012 Joined the Company Oct 2016 Joined Suntory Spirits Ltd. (now Suntory Ltd.) May 2018 Master of Business Administration (MBA), McGill University Jun 2018 Beam Suntory Inc. (Chicago) Jan 2020 Executive Officer and General Manager, Overseas Business Division, the Company Feb 2020 Representative Director, Wamin International Co., Ltd. (current) Feb 2020 Director, Wamin (China) Co., Ltd. (current) Feb 2020 Representative Director, Watami China Food & Beverage Co., Ltd. (current) Mar 2020 Director, Taiwan Wamin Catering Co., Ltd. (current) Jun 2020 Director and Senior Executive Officer, General Manager, Overseas Casual Dining Division, the Company Apr 2021 Director, CFO and Senior Executive Officer, General Manager, Overseas Business Division, the Company Apr 2022 Director, CFO, the Company Feb 2024 Director, LEADER FOOD PTE. LTD. (current) Apr 2024 Representative Director, Watami US Corp. (current) Jul 2024 Director, Managing Executive Officer, the Company (current)
1987-12-17
Toshinari HIZUKA
Director, Full-time Audit and Supervisory Committee Member
Apr 1987 Joined The Yokohama Bank, Ltd. Apr 2008 General Manager, Kiryu Branch, The Yokohama Bank, Ltd. Apr 2010 Senior Manager, Corporate Planning Department, The Yokohama Bank, Ltd. May 2011 General Manager, Sales Secretariat, Sales Management Division, The Yokohama Bank, Ltd. May 2012 General Manager, Kanazawa Branch, The Yokohama Bank, Ltd. Apr 2014 General Manager, Nakayama Branch, The Yokohama Bank, Ltd. Apr 2016 General Manager, Human Resources Department, The Yokohama Bank, Ltd. Apr 2017 General Manager, Risk Management Department, The Yokohama Bank, Ltd. Apr 2019 Representative Director, President, The Yokohama Research Institute, Ltd. Jun 2022 Audit & Supervisory Board Member, Hamagin TT Securities Co., Ltd. (current) Jun 2022 Audit & Supervisory Board Member, Hamagin Finance Co., Ltd. (current) Jun 2022 Outside Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1964-08-22
Minako OISHI
Director, Audit and Supervisory Committee Member
Apr 1979 Home Economics Teacher, Yamaguchi Prefectural Shimonoseki Daiichi High School Aug 1995 Consumer Consultation Office, Japan Dairy Association (Incorporated Association) May 2002 Non-Washed Rice Consultation Office, Toyo Seimaiki Seisakusho Co., Ltd. Apr 2007 Part-time Consultant, National Association of Non-Washed Rice (NPO) Apr 2010 Part-time Home Economics Teacher, Tokyo Metropolitan Kirigaoka High School Jun 2012 Director, Japan Consumer Advisor & Consultant Association (Public Interest Incorporated Association) Apr 2014 Director, Japan Sustainability Forum (NPO) (current) Jun 2016 Vice Chairman and Representative Director, Japan Consumer Advisor & Consultant Association (Public Interest Incorporated Association) Mar 2018 Member, Procurement Price Calculation Committee, Ministry of Economy, Trade and Industry (current) Oct 2018 Member, Tokyo Metropolitan Waste Council (current) Feb 2019 Temporary Member, Transport Policy Committee, Ministry of Land, Infrastructure, Transport and Tourism Apr 2019 Councilor, Organization for Cross-regional Management of Electric Power Transmission (OCCTO) Apr 2019 Councilor, Green Circulation Certification Council (SGEC/PEFC Japan) (current) Sep 2019 Member, Yokohama City Council for the Promotion of Waste Reduction and Resource Recycling Jun 2021 Director, Automobile Recycling Promotion Foundation Apr 2022 Auditor, Reduce Reuse Recycle Promotion Council (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member), the Company (current) Dec 2022 Member, Transport Tribunal, Ministry of Land, Infrastructure, Transport and Tourism (current) Jun 2023 Director, Japan Bicycle Industry Promotion Association (General Incorporated Foundation) Jun 2023 Councilor, Automobile Recycling Promotion Foundation Jun 2025 Councilor, Japan Bicycle Industry Promotion Association (General Incorporated Foundation) (current)
1957-03-07
Toshiya ITO
Director, Audit and Supervisory Committee Member
Dec 1985 Research Assistant, Faculty of Engineering, Tokyo Institute of Technology Mar 1990 Lecturer, Interdisciplinary Graduate School of Science and Engineering, Tokyo Institute of Technology Apr 1992 Associate Professor, Interdisciplinary Graduate School of Science and Engineering, Tokyo Institute of Technology Jun 1994 Member, Evaluation Committee, Australian Science and Technology Research Grants Nov 1994 Member, Saudi Arabia Riyadh Electronic Technology Implementation Study Team May 2000 Screening Evaluator, Cryptographic Technology, Information-technology Promotion Agency, Japan Apr 2001 Professor, Academic Center for Computing and Media Studies, Tokyo Institute of Technology Feb 2006 Technical Adviser, Yokohama City Science and Technology High School (provisional name) Apr 2007 Director, Information Infrastructure Support Center, Technical Department, Tokyo Institute of Technology Apr 2009 Technical Adviser, Yokohama Science Frontier High School Apr 2010 Director-General, Technical Department, Tokyo Institute of Technology Apr 2016 Professor, School of Computing, Tokyo Institute of Technology Apr 2019 Director, Academic Center for Computing and Media Studies, Tokyo Institute of Technology Apr 2019 Vice President in charge of Information Infrastructure, Tokyo Institute of Technology Jul 2021 Chairman, Council of Information Center Organizations of National Universities Oct 2024 Professor, School of Computing, Institute of Science Tokyo Apr 2025 Professor Emeritus, Institute of Science Tokyo (current) Apr 2025 Specially Appointed Professor, Strategy Headquarters, Institute of Science Tokyo (current) Jun 2025 Councilor, Ikubunkan Yume Gakuen Educational Corporation (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1959-04-13
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-30
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-16
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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