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Consumer Services

Watami Co., Ltd.

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 JPYUSD
Revenue60,852M573.76M
Gross Profit29,576M278.86M
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 Share00
Total Assets44,893M406.27M
Total liabilities41,495M375.52M
Total equity3,237M29.29M
Operating cash flow-4,320M-40.73M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 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 2017Mar 2018Mar 2019Mar 2020Mar 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. (1.8%)
  • 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

Related Companies

  • i-NEXT KK
  • Watami Restricted Stock Compensation Plan
  • Watami Farm & Energy KK
  • Watami F&B (Shenzhen) Co., Ltd.
  • Watami USA Guam
  • Delis Watami Cambodia Co. Ltd.
  • Watami Food Systems Co., Ltd.
  • GNS Watami Food & Beverage Service Co. Ltd.
  • Watami Taiwan Co. Ltd.
  • Watami Shenzhen Co. Ltd.
  • Watami Co. Ltd. /Nursing Care Business/
  • Watami International Co., Ltd.
  • Watami Merchandising Co., Ltd.
  • Watami Foodservice Co., Ltd.
  • Watamino Kaigo KK
  • Watami Ecology Co. Ltd.
  • Takusyoku KK
  • R No Kaigo, Inc.
  • Watami Takushoku Co., Ltd.
  • Watami Medical Service Co. Ltd.
  • Tohma Green Life, Inc.
  • Career Vision Co., Ltd.
  • Watami Employee Stock Ownership Plan

Competitors

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