GOURMET KINEYA CO.,LTD. (9850) Stock Price

Market cap
¥22.3B
P/E ratio
61.9x
Gourmet Kioriya operates Japanese and Western restaurants across multiple brands while also providing in-flight catering, frozen food manufacturing, and transportation services.

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Business Overview

Gourmet Kioriya is a corporate group primarily engaged in restaurant operations. The group consists of Gourmet Kioriya itself, seven consolidated subsidiaries, and one affiliate accounted for using the equity method. Its main business segments are restaurant operations, in-flight catering, frozen food manufacturing for commercial use, real estate leasing, transportation, and other businesses.

In restaurant operations, the company operates udon noodle restaurants under the brands "Kioriya" and "Mugimaaru," soba noodle restaurants under "Sojibo" and "Oraga Soba," Western cuisine restaurants under "Gourmet" and "Romlette," and Japanese cuisine restaurants under "Dondonntei" and "Katsusato." The company also operates Asian cuisine specialty restaurants including "Sijan" and "Tee Nun."

The in-flight catering business is handled by subsidiary AAS Catering, which prepares and loads in-flight meals at Kansai International Airport. The frozen food manufacturing business for commercial use is operated by Asahi Wellness Foods, which manufactures frozen foods for commercial customers.

The real estate leasing business includes the operation and leasing of the Osaka Kizu Wholesale Market. The transportation business is operated by Mizuma Railway, which provides railway and bus services. Other businesses include wholesale of fresh seafood and marine products, rice sales, and manufacturing and supply of ready-to-eat foods in Malaysia.

Management Policy

Gourmet Kineya operates under the philosophy of "enjoying life through work and contributing to society," aiming to make a positive social impact through food. The company prioritizes education based on the belief that "when people grow, companies grow." It also values dialogue with shareholders and practices open shareholder meetings.

The company is pursuing strategies to maximize business revenue against the backdrop of recovering demand as economic activity normalizes. In particular, it aims to create added value through corporate culture transformation. This enables balanced management that meets the expectations of customers, shareholders, and employees.

Gourmet Kineya uses M&A to expand its business domestically and internationally. Specifically, the company operates diverse businesses including airline catering, frozen osechi (traditional New Year) dishes manufacturing, local wholesale market operations, regional railway and bus services, and food manufacturing in Malaysia. These efforts generate group synergies and enhance added value.

In its medium-term management plan through 2025, the company is focused on post-COVID recovery and rigorous strategy execution across all business segments. In the restaurant business, it prioritizes investment efficiency and expansion in competitive locations. In the airline catering business, it pursues production system improvements and operational efficiency.

With 2030 as its target, the company is advancing business operations that address demographic decline and lifestyle diversification. It aims to strengthen ODM and OEM operations in the frozen food market to establish industry leadership. The company is also addressing labor shortages through Japanese language school expansion and foreign worker support programs.

Through participation in EXPO 2025 Osaka-Kansai, the company aims to promote hand-made udon and Osaka food culture. This effort will raise brand recognition as a diversified food business group beyond the restaurant industry alone, while exploring new business opportunities.

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