Overview
Retail Trade

SRS HOLDINGS CO.,LTD.

SRS Holdings operates Japan's leading Japanese-cuisine restaurant chain group, with approximately 780 stores nationwide and 23 overseas locations across Thailand, Indonesia, Malaysia, and China. The group's brand portfolio—anchored by 'Washoku Sato' and 'Nigiri Chojiro'—covers a wide price range within the Japanese dining segment, providing resilience against economic cycles. Competitive strengths include focused menu curation, cross-brand systemization, efficient store development, and strategic M&A-driven expansion.

Market Cap
¥70.4B
US$449M
EV
¥75.3B
US$480M
Stock¥1,703▲+1.31%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
15.0
x
LTM EV/EBIT
27.2
x
LTM PER
45.0
x
LTM PBR
4.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+24.9%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
70.4BUS$449MMarket Cap16.6BUS$106M+ Debt11.3BUS$71.9M− Cash1.08BUS$6.87M− Inv. Sec.0.61BUS$3.88M+ NCI75.3BUS$480MEV
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Performance & Balance
Revenue 5Y (¥B)
42.9US$274M'22/354.5US$348M'23/360.2US$384M'24/367.5US$430M'25/376.4US$487M'26/3
EBITDA 5Y (¥B)
-3.16-US$20.2M'22/30.99US$6.31M'23/33.81US$24.3M'24/34.63US$29.6M'25/35.30US$33.8M'26/3
Net Income 5Y (¥B)
1.57US$10.0M'22/3-1.45-US$9.25M'23/31.80US$11.5M'24/30.93US$5.90M'25/31.69US$10.8M'26/3
Capital Structure
52%
48%
EquityD/E 0.94xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
13.5US$85.8M11.7US$74.7M'22/312.8US$81.6M10.5US$67.1M'23/313.3US$85.1M10.3US$65.7M'24/313.8US$87.7M17.8US$113M'25/314.2US$90.5M17.3US$110M'26/3
Shareholders
Top 10 hold 25.3%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.00%
2
H2O RETAILING CORPORATION
6.17%
3
Yoshitaka SHIGESATO
3.38%
4
MUFG Bank, Ltd.
2.89%
5
Yuriko SHIGESATO
1.86%
6
Kirin Brewery Company, Limited
1.45%
7
Custody Bank of Japan, Ltd. (Trust Account)
0.93%
8
Asahi Breweries, Ltd.
0.72%
9
SRS HOLDINGS CO.,LTD. Employee Stock Ownership Association
0.53%
10
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE (Standing Proxy: MUFG Bank, Ltd.)
0.34%
Management
7 officers
Masahiko SHIGESATO
Representative Director, Executive Officer and President
May 2008 Resigned from Arista Life Science Co., Ltd. Jun 2008 Joined the Company Jun 2008 General Manager, President's Office Feb 2009 Executive Officer, General Manager, Suburban Japanese Restaurant Business Division Jun 2010 Director and Executive Officer Jul 2010 Director and Executive Officer, General Manager, Business Operations Division Feb 2014 Director, Executive Officer and Vice President, General Manager, Administration Division Feb 2016 Director, Executive Officer and Vice President Apr 2017 Representative Director, Executive Officer and President (current) Apr 2020 Representative Director, Executive Officer and President, Satofood Service Co., Ltd.
1968-05-25
Yoshitaka SHIGESATO
Director and Chairman of the Board
Mar 1987 Joined the Company Jun 1987 Director, General Manager, Planning Office Apr 1990 Senior Managing Director, General Manager, Merchandising Division Nov 1993 Representative Director and President Jun 2002 Representative Director, Executive Officer and President Feb 2014 Representative Director, Executive Officer and President Apr 2017 Director and Chairman of the Board (current)
1958-03-22
Mikio KATAYAMA
Director
Apr 2006 Representative Director and Senior Managing Director, Sharp Corporation Apr 2007 Representative Director and President, Sharp Corporation Apr 2012 Chairman of the Board, Sharp Corporation Aug 2014 Resigned from Sharp Corporation Sep 2014 Advisor, Nidec Corporation Oct 2014 Vice Chairman, Executive Officer and Chief Technology Officer, Nidec Corporation Jun 2015 Representative Director, Vice Chairman, Executive Officer and Chief Technology Officer, Nidec Corporation Oct 2021 Special Advisor, Nidec Corporation Mar 2022 Resigned from Nidec Corporation Apr 2022 Research Advisor, Institute of Industrial Science, The University of Tokyo (current) Representative Director and President, Kconcept Inc. (current) Sep 2022 Advisor, Yoshimoto Integrated Fund Co., Ltd. (current) Mar 2023 Outside Director, Roland Corporation (current) Jun 2023 Outside Director, the Company (current) Mar 2025 Outside Director, Star Micronics Co., Ltd. Mar 2026 Outside Director, TOYO TIRE Corporation (current) Principal Concurrent Positions: Representative Director and President, Kconcept Inc. Outside Director, Roland Corporation Outside Director, TOYO TIRE Corporation
1957-12-12
Masahiro TANAKA
Director, Audit and Supervisory Committee Member
Jan 2014 Resigned from The Bank of Tokyo-Mitsubishi UFJ, Ltd. (currently MUFG Bank, Ltd.) Feb 2014 Joined the Company Feb 2014 Executive Officer, General Manager, Corporate Planning Division Jun 2015 Director and Executive Officer, General Manager, Corporate Planning Division Feb 2016 Director and Executive Officer, General Manager, Administration Division Apr 2023 Director and Executive Officer, Special Assignment Jun 2023 Full-time Director, Audit and Supervisory Committee Member (current)
1962-10-02
Keiko MIYAMOTO
Director, Audit and Supervisory Committee Member
Apr 1992 Joined Daiichi Law Office (currently Daiichi Law Office Attorney-at-Law Corporation) Dec 2007 Partner Attorney, Daiichi Law Office Attorney-at-Law Corporation Jun 2017 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jan 2026 Representative Partner Attorney, Daiichi Law Office Attorney-at-Law Corporation (current) Principal Concurrent Positions: Representative Partner Attorney, Daiichi Law Office Attorney-at-Law Corporation
1964-03-23
Kazuo KAWAI
Director, Audit and Supervisory Committee Member
Nov 1982 Joined Asahi & Co., Osaka Office (currently Ernst & Young ShinNihon LLC) May 2000 Partner, same office May 2007 Representative Partner, same office Jun 2020 Resigned from the same office Jul 2020 Representative, Kazuo Kawai Certified Public Accountant and Tax Accountant Office (current) Jun 2022 Outside Director, Audit and Supervisory Committee Member, the Company (current) Apr 2023 Outside Director, Audit and Supervisory Committee Member, Kuroda Group Co., Ltd. (current) Principal Concurrent Positions: Representative, Kazuo Kawai Certified Public Accountant and Tax Accountant Office Outside Director, Audit and Supervisory Committee Member, Kuroda Group Co., Ltd.
1958-02-14
Yukari SATO
Director, Audit and Supervisory Committee Member
May 1988 New York Bureau, TV Asahi (Foreign News Department) Aug 1997 Established R&F Marketing Studio, Inc. (New York State), Representative Director and President May 1998 Completed doctoral program, Graduate School of New York University; received Ph.D. in Economics (specialization in financial economics) Sep 2005 First elected Member of the House of Representatives (44th general election) Dec 2012 Parliamentary Vice-Minister of Economy, Trade and Industry Oct 2018 Senior Vice Minister of Internal Affairs and Communications and Vice Minister of the Cabinet Office Sep 2019 Vice Minister of the Environment Dec 2021 Outside Director, Hosokawa Micron Corporation (current) Jul 2023 Representative Director and President, Future Analytics Inc. (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jul 2025 Outside Director, Sentient Co., Ltd. (current) Nov 2025 Outside Audit & Supervisory Board Member, Aqualine Co., Ltd. (current) Principal Concurrent Positions: Representative Director and President, Future Analytics Inc. Outside Director, Hosokawa Micron Corporation
1961-08-19
Large Shareholding Reports
MUFG Bank, Ltd.
2026-04-28
2.89%→2.89%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 2.89%
MUFG Bank, Ltd.
2026-04-20
2.89%→2.89%
Annual report (as of 2026-03-31): 2.89%
Yoshitaka SHIGESATO
2026-01-20
4.79%→3.74%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 3.38%
Yoshitaka SHIGESATO
2025-12-22
4.79%→3.74%
Annual report (as of 2026-03-31): 3.38%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-04-28
Change Report
EDINET
2026-04-20
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
EDINETAmended
2026-01-20
Change Report
EDINET
2025-12-22
Large Shareholding Report
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-04
Q1 Earnings Flash
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-04
Q3 Earnings Flash
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-02
Q1 Earnings Flash
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-05-28
Amended Securities Registration Statement
EDINETAmended
2024-05-21
Amended Securities Registration Statement
EDINET
2024-05-15
Securities Registration Statement
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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