Overview
Retail Trade

VIA Holdings,Inc.

VIA Holdings is a Japanese restaurant holding company operating a portfolio of casual dining and izakaya brands across Japan. Its brands span yakitori/yakiniku (Bincho Ōgiya, Yakitori no Ōgiya), sashimi izakaya (Uoya Iccho), Chinese cuisine (Sōkitei), steak houses (Steakhouse Matsuki), and dessert cafés (Pastel), among others. The group operates through six wholly-owned subsidiaries managing both directly operated and franchise restaurants, with a presence in shopping centers as well as standalone street-front small-format locations.

Market Cap
¥4.70B
US$30.0M
EV
¥5.91B
US$37.7M
Stock¥103▼-4.63%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.7
x
LTM EV/EBIT
79.9
x
LTM PER
NM
LTM PBR
3.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-30.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 21, 26FY guidance raised: operating profit ¥370mn→¥520mn
MC → EV Bridge
4.70BUS$30.0MMarket Cap2.43BUS$15.5M+ Debt0.84BUS$5.37M− Cash0.37BUS$2.37M− Inv. Sec.5.91BUS$37.7MEV
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Performance & Balance
Revenue 5Y (¥B)
10.3US$65.4M'22/314.6US$92.8M'23/317.0US$108M'24/317.4US$111M'25/317.4US$111M'26/3
EBITDA 5Y (¥B)
-0.44-US$2.80M'22/3-0.34-US$2.16M'23/30.79US$5.04M'24/30.61US$3.90M'25/30.36US$2.28M'26/3
Net Income 5Y (¥B)
0.54US$3.46M'22/3-1.33-US$8.48M'23/30.22US$1.38M'24/3-0.02-US$0.12M'25/3-0.51-US$3.27M'26/3
Capital Structure
34%
66%
EquityD/E 1.91xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.75US$11.1M3.74US$23.8M'22/32.02US$12.9M3.22US$20.6M'23/32.15US$13.7M2.90US$18.5M'24/31.30US$8.28M2.58US$16.5M'25/31.31US$8.33M2.65US$16.9M'26/3
Shareholders
Top 10 hold 25.0%
1
Asahi Breweries, Ltd.
6.99%
2
Teruyo YOKOGAWA
4.70%
3
Norio YOKOGAWA
4.32%
4
Kyo YOKOGAWA
1.97%
5
Ozeki Co., Ltd.
1.34%
6
Welcome Co., Ltd.
1.31%
7
Shunsuke JITSUI
1.31%
8
Tatsuo IMAI
1.14%
9
The Bank of Yokohama, Ltd.
0.96%
10
㈱W&E
0.93%
Management
7 officers
Kenichiro KUSUMOTO
Representative Director, President
Apr 1988 Joined Daiwa Bank (now Resona Bank) Nov 1998 Loan Section Manager, Kandaekimae Branch, Resona Bank Jul 2002 Deputy Manager, Shinjuku Shin-Toshin Branch, Resona Bank Jul 2003 Examiner, Tokyo Loan Department III, Resona Bank Feb 2009 Group Leader, Corporate Finance Office, Credit Examination Department, Resona Bank Oct 2012 Seconded to the Company; Executive Officer, General Manager of Financial Policy and Manager of President's Office Apr 2014 General Manager, Tokyo Sales Department VI and Manager, Corporate Finance Office, Corporate Business Department, Resona Bank Apr 2017 Joined the Company; Managing Executive Officer, Manager of President's Office Jun 2017 Director and Managing Executive Officer of the Company Mar 2019 Representative Director, President, Itchō Co., Ltd. Apr 2021 Representative Director, President of the Company (current) Apr 2022 Representative Director, President, Benton Co., Ltd. (current) Apr 2023 Representative Director, President, Ogiya Higashi Nihon Co., Ltd. (current) Apr 2023 Representative Director, President, Ogiya Nishi Nihon Co., Ltd. (current) Nov 2023 Representative Director, President, Ichigen Co., Ltd. (current) Nov 2023 Representative Director, President, Itchō Co., Ltd. (current) Nov 2024 Representative Director, President, Food Dream Co., Ltd. (current)
1964-11-20
Kensei ISHIOKA
Director, Senior Managing Executive Officer
Dec 1991 Joined Ike Co., Ltd. Apr 1999 Joined Dick Finance K.K. (now CFJ LLC) Mar 2009 Joined Benton Co., Ltd. Jul 2010 Manager, Planning Division, Benton Co., Ltd. Mar 2015 Manager, Planning Division, Ogiya Corporation (now Ogiya Higashi Nihon Co., Ltd.) Apr 2017 Executive Officer and General Manager, Management Administration Division, Ogiya Higashi Nihon Co., Ltd. Jun 2018 Director and Executive Officer, General Manager, Management Administration Division, Ogiya Higashi Nihon Co., Ltd. May 2020 Representative Director, President, Benton Co., Ltd. Apr 2021 Executive Officer, General Manager, Business Promotion Office, the Company Jun 2021 Director of the Company Jun 2023 Director and Managing Executive Officer, General Manager, Business Promotion Office, the Company Apr 2024 Director and Senior Managing Executive Officer, General Manager, Business Promotion Division, the Company (current)
1972-05-28
Shuhei SEKIKAWA
Director, Managing Executive Officer
Jul 2005 Joined the Company Apr 2017 Deputy General Manager, Planning Division, the Company Oct 2018 Executive Officer, Deputy General Manager, Planning Division, the Company Apr 2019 Executive Officer, General Manager, Planning Department, the Company Apr 2021 Executive Officer, General Manager, Corporate Planning Office, the Company Jun 2021 Representative Director, President, Food Dream Co., Ltd. Apr 2023 Executive Officer, General Manager, Future Promotion Office, the Company Jun 2023 Director of the Company; General Manager, Corporate Planning Office Apr 2024 Director and Managing Executive Officer, General Manager, Corporate Planning Division, the Company (current)
1980-05-06
Yasutada TAKAHASHI
Outside Director
Apr 1974 Joined Yutaka Setsubi Kogyo Co., Ltd. Sep 1978 Joined Tanizawa Foods Co., Ltd. Dec 1995 Established Highland Co., Ltd. Feb 2006 Joined Monogatari Corporation; General Manager, Development Division May 2006 Director, General Manager, Development Division, Monogatari Corporation Sep 2011 Director and Executive Officer, General Manager, FC Support Office, Monogatari Corporation Feb 2015 Director and Executive Officer, General Manager, FC Business Promotion Division, Monogatari Corporation Jul 2018 Managing Director, General Manager, Store and Location Development Division, Monogatari Corporation Jul 2020 Managing Executive Officer in charge of M&A, Monogatari Corporation Apr 2023 Advisor to the Company Jun 2024 Outside Director of the Company (current)
1956-05-24
Noriatsu FURUKAWA
Director, Audit and Supervisory Committee Member
Apr 2007 Joined McKinsey & Company, Inc. Japan Jul 2010 Joined Advantage Partners LLP (now Advantage Partners, Inc.) Dec 2014 Outside Director, Pixela Corporation Jan 2018 Seconded to Advantage Advisors Co., Ltd.; Director Oct 2019 Outside Director, Hiramatsu Inc. Mar 2020 Outside Director, Arcland Service Holdings Co., Ltd. Sep 2022 Representative Director, Growth Partners Co., Ltd. (current) May 2024 Outside Director, TAKA-Q Co., Ltd. (current) Sep 2025 Outside Director of the Company Jun 2026 Director, Audit and Supervisory Committee Member of the Company (current)
1981-05-01
Yuichi KARIYA
Director, Audit and Supervisory Committee Member
Apr 2018 Joined MUFG Bank, Ltd. Oct 2020 Seconded to Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Jan 2024 Joined Accenture K.K. May 2025 Joined Growth Partners Co., Ltd. Jun 2025 Outside Director, TORICO Inc. Sep 2025 Outside Director of the Company Jun 2026 Director, Audit and Supervisory Committee Member of the Company (current)
1995-10-14
Shin EDA
Director, Audit and Supervisory Committee Member
Mar 1988 Joined Asahi Breweries, Ltd. Sep 2006 General Manager, Advertising Department, Asahi Breweries, Ltd. Sep 2013 General Manager, Marketing Department I, Asahi Breweries, Ltd. Sep 2019 General Manager, Shikoku Regional Headquarters, Asahi Breweries, Ltd. Mar 2021 General Manager, Hokkaido Regional Headquarters, Asahi Breweries, Ltd. Mar 2023 Executive Officer and General Manager, Tokyo Metropolitan Area Regional Headquarters, Asahi Breweries, Ltd. Mar 2024 Executive Officer and General Manager, Mass Sales Division, Asahi Breweries, Ltd. Apr 2026 Full-time Audit & Supervisory Board Member, Asahi Breweries, Ltd. (current) Jun 2026 Director, Audit and Supervisory Committee Member of the Company (current)
1964-11-16
Large Shareholding Reports
Mizuho Trust & Banking Co., Ltd.
2026-10-07
14.71%→15.37%
Resona Bank, Limited
2026-05-13
27.56%
Mizuho Trust & Banking Co., Ltd.
2026-05-13
14.71%
The Bank of Yokohama, Ltd.
2026-05-11
7.60%
Annual report (as of 2026-03-31): 0.96%
Tokuatsu FURUKAWA
2025-10-08
16.55%
NOMURA INTERNATIONAL PLC
2025-09-03
0.05%→0.19%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-20
Forecast Revision
FY ending Mar 2027
EDINET
2026-10-07
Large Shareholding Report
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-04
株主総会招集通知
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-05-11
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-08
Large Shareholding Report
EDINETAmended
2025-09-30
Amended Securities Registration Statement
EDINET
2025-09-03
Large Shareholding Report
TDnet
2025-08-12
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-12
Securities Registration Statement
EDINETAmended
2025-08-01
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-06
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-20
Securities Registration Statement
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
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