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 2022	JPY	USD
Revenue	64,362M	572.75M
Gross Profit	32,964M	293.34M
Operating income	-3,578M	-31.84M
Income before tax	-1,549M	-13.78M
Net income	-1,844M	-16.40M
EBITDA	-1,372M	-12.20M
Diluted EPS	-45.48	-0.40
Dividends Per Share	0	0
Total Assets	52,223M	430.26M
Total liabilities	37,587M	309.67M
Total equity	14,475M	119.25M
Operating cash flow	1,019M	9.06M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	96,458M	94,701M	90,928M	60,852M	64,362M
Gross Profit	53,061M	52,594M	51,133M	29,576M	32,964M
Operating income	658M	1,063M	92M	-9,690M	-3,578M
Income before tax	617M	1,050M	-1,652M	-11,252M	-1,549M
Net income	151M	1,373M	-2,946M	-11,560M	-1,844M
EBITDA	3,846M	3,999M	3,086M	-7,295M	-1,372M
Diluted EPS	3.82	35.03	-74.88	-292.66	-45.48
Dividends Per Share	7.50	7.50	2.50	0	0
Total Assets	40,805M	40,273M	41,763M	44,893M	52,223M
Total liabilities	24,376M	22,944M	27,280M	41,495M	37,587M
Total equity	16,349M	17,302M	14,343M	3,237M	14,475M
Operating cash flow	5,221M	4,104M	534M	-4,320M	1,019M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	870.30M	853.97M	836.30M	573.76M	572.75M
Gross Profit	478.74M	474.26M	470.29M	278.86M	293.34M
Operating income	5.93M	9.58M	0.84M	-91.36M	-31.84M
Income before tax	5.56M	9.46M	-15.19M	-106.09M	-13.78M
Net income	1.36M	12.38M	-27.09M	-108.99M	-16.40M
EBITDA	34.70M	36.06M	28.38M	-68.78M	-12.20M
Diluted EPS	0.03	0.31	-0.68	-2.75	-0.40
Dividends Per Share	0.06	0.06	0.02	0	0
Total Assets	383.68M	363.85M	386.85M	406.27M	430.26M
Total liabilities	229.20M	207.29M	252.69M	375.52M	309.67M
Total equity	153.72M	156.31M	132.86M	29.29M	119.25M
Operating cash flow	47.10M	37.00M	4.91M	-40.73M	9.06M

Valuation Measures

Mar 2022
PER	--
ROA	-3.79%
ROE	-20.82%
Operating margin	-5.55%
Profit margin	-2.86%

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, General Manager-TGI & TEX Sales: Daisuke Suzuki

Shareholders

WATANABE MIKI /WATAMI/ (26.8%)
Kotobuki Realty Co., Ltd. (9.7%)
Asahi Group Holdings Ltd. (5.0%)
Watami Co., Ltd. (4.6%)
Nomura Asset Management Co., Ltd. (1.8%)
Concordia Financial Group, Ltd. (1.5%)
Watami Employee Stock Ownership Plan (1.3%)
The Vanguard Group, Inc. (1.1%)
Sompo Holdings, 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 12 Aug, 2022