Consumer Services

Watami Co., Ltd.

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Business Summary

Watami Co., Ltd. is a holding company which engages in the operation of restaurants. It operates through the following business segments: Domestic Restaurant, Home Delivery, Overseas Restaurant, Environment, and Agriculture. The Domestic Restaurant segment manages and operates restaurants and franchises. The Home Delivery segment handles home delivery, grocery material sets, and cooked food production. The Overseas Restaurant segment manages the expansion of the franchise overseas. The Environment segment includes waste management; operation of renewable energy facilities; and sale of renewable energy. The Agriculture segment produces, sells, and delivers agricultural products. The company was founded by Miki Watanabe on April 16, 1984 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021	JPY	USD
Revenue	60,852M	573.76M
Gross Profit	29,576M	278.86M
Operating income	-9,690M	-91.36M
Income before tax	-11,252M	-106.09M
Net income	-11,560M	-108.99M
EBITDA	-7,295M	-68.78M
Diluted EPS	-292.66	-2.75
Dividends Per Share	0	0
Total Assets	44,893M	406.27M
Total liabilities	41,495M	375.52M
Total equity	3,237M	29.29M
Operating cash flow	-4,320M	-40.73M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Revenue	100,312M	96,458M	94,701M	90,928M	60,852M
Gross Profit	56,228M	53,061M	52,594M	51,133M	29,576M
Operating income	183M	658M	1,063M	92M	-9,690M
Income before tax	-1,468M	617M	1,050M	-1,652M	-11,252M
Net income	-1,833M	151M	1,373M	-2,946M	-11,560M
EBITDA	3,925M	3,846M	3,999M	3,086M	-7,295M
Diluted EPS	-46.89	3.82	35.03	-74.88	-292.66
Dividends Per Share	5	7.50	7.50	2.50	0
Total Assets	41,129M	40,805M	40,273M	41,763M	44,893M
Total liabilities	24,222M	24,376M	22,944M	27,280M	41,495M
Total equity	16,847M	16,349M	17,302M	14,343M	3,237M
Operating cash flow	3,042M	5,221M	4,104M	534M	-4,320M

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021
Revenue	926.34M	870.30M	853.97M	836.30M	573.76M
Gross Profit	519.24M	478.74M	474.26M	470.29M	278.86M
Operating income	1.68M	5.93M	9.58M	0.84M	-91.36M
Income before tax	-13.55M	5.56M	9.46M	-15.19M	-106.09M
Net income	-16.92M	1.36M	12.38M	-27.09M	-108.99M
EBITDA	36.24M	34.70M	36.06M	28.38M	-68.78M
Diluted EPS	-0.43	0.03	0.31	-0.68	-2.75
Dividends Per Share	0.04	0.06	0.06	0.02	0
Total Assets	369.10M	383.68M	363.85M	386.85M	406.27M
Total liabilities	217.37M	229.20M	207.29M	252.69M	375.52M
Total equity	151.18M	153.72M	156.31M	132.86M	29.29M
Operating cash flow	28.09M	47.10M	37.00M	4.91M	-40.73M

Valuation Measures

Mar 2021
PER	--
ROA	-26.68%
ROE	-131.51%
Operating margin	-15.92%
Profit margin	-18.99%

Key executives

Chairman & Group Chief Executive Officer: Miki Watanabe
President, COO & Representative Director: Kuniaki Shimizu
CFO, Director & Senior Executive Officer: Masaya Watanabe
Executive Officer: Minoru Monji
Executive Officer & GM-Corporate Administration: Takahiko Seino

Shareholders

WATANABE MIKI /WATAMI/ (26.8%)
Kotobuki Realty Co., Ltd. (9.7%)
Asahi Group Holdings Ltd. (5.0%)
Watami Co., Ltd. (4.8%)
Nomura Asset Management Co., Ltd. (1.7%)
Concordia Financial Group, Ltd. (1.5%)
Watami Employee Stock Ownership Plan (1.4%)
Sompo Holdings, Inc. (1.0%)
The Vanguard Group, Inc. (1.0%)
Meiji Yasuda Life Insurance Co. (0.8%)

Contact Details

Website:http://www.watami.co.jp
Address: 1-1-3 Haneda, Ota-Ku, Tokyo, 144-0043, Japan
Phone: +81.3.5737.2288

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Competitors

Last Updated on 8 Dec, 2021