Hotland Holdings (3196): FY2025 Results Summary — Revenue Up 10.7% but Net Income Falls 78.1%

This article is based on publicly available IR materials and is not a recommendation to buy or sell any specific securities.

Note: Hotland Holdings does not publish an English results presentation; this article is an English translation of the Japanese-language article on our sister site Investalk, which is based on the company’s Japanese-language IR materials, with figures transcribed as reported. Hotland Holdings has a December fiscal year-end, so the latest completed full year is the fiscal year ended December 2025 (classified here as FY2025).

On February 27, 2026, Hotland Holdings released its earnings presentation for the fiscal year ended December 2025 (full year). Consolidated net sales were 51,040 million yen (+10.7% year on year), an increase, while operating profit was 1,784 million yen (△29.9%), ordinary profit was 2,056 million yen (△40.3%), and net income attributable to owners of the parent was 405 million yen (△78.1%), all below the prior year. On the sales side, existing-store sales of the Tsukiji Gindaco business reached 100.3% of the prior year, and new store openings advanced in the bar business and the staple-food business. On the profit side, a decrease in non-operating income (foreign exchange gains) and an increase in extraordinary losses (impairment losses) had an impact.

Consolidated Results (Full Year)

Non-operating income decreased by 543 million yen year on year (from 980 million yen in the prior year to 437 million yen in the current year). Of this, foreign exchange gains decreased from 865 million yen in the prior year to 322 million yen in the current year. Extraordinary losses increased by 68 million yen year on year (from 802 million yen in the prior year to 871 million yen in the current year). The main breakdown for the current year was 20 million yen in loss on retirement of non-current assets, 35 million yen in store closure losses, and 815 million yen in impairment losses. The dividend per share was 13.00 yen (ordinary dividend 13.00 yen), the same as the prior year.

Item	Current Year (FY2025)	Prior Year (FY2024)	Change
Net sales	51,040 million yen	46,126 million yen	+10.7% (+4,914 million yen)
Operating profit	1,784 million yen	2,545 million yen	△29.9% (△760 million yen)
Ordinary profit	2,056 million yen	3,444 million yen	△40.3% (△1,387 million yen)
Net income attributable to owners of the parent	405 million yen	1,849 million yen	△78.1% (△1,443 million yen)
Dividend per share	13.00 yen (ordinary dividend 13.00 yen)	13.00 yen (ordinary dividend 13.00 yen)	－

Business Results by Segment

The materials cite the following as the main topics by business. In the Tsukiji Gindaco business, existing-store sales reached 100.3% of the prior year, and the company ran collaboration campaigns with the Los Angeles Dodgers and with “HUNTER×HUNTER.” In the bar business, “Gindaco Highball Bar” reached 100 stores, and the company newly opened 17 of these bars and 7 “Oden-ya Takeshi” outlets. In the staple-food business, the company acquired all shares of Yoshihei Co., Ltd., which holds the “Yoshihei” brand, and opened 19 “Tokyo Aburagumi Sohonten (abura-soba)” outlets and 6 “Atsugiri Tonkatsu Yoshihei” outlets. In the overseas business, the company concluded area franchise agreements in Taiwan and on the Iberian Peninsula (Spain and Portugal). In the manufacturing and sales business, the household-use mix flour for “Tsukiji Gindaco” sold strongly, and the company advanced the manufacture and sale of “Seafood Balls (squid)” for overseas markets and the installation of Cold Stone ice cream vending machines (74 units by the end of December).

Brand (Business)	Metric	End of Dec 2025	End of Dec 2024
Tsukiji Gindaco (domestic)	Number of stores	424 stores	419 stores
Gindaco Highball Bar / Gindaco Bar	Number of stores	100 stores	85 stores
Abura-soba (Tokyo Aburagumi Sohonten)	Number of stores	69 stores	50 stores
Oden-ya Takeshi	Number of stores	33 stores	27 stores
Yoshihei	Number of stores	14 stores	0 stores
Domestic subtotal	Number of stores	746 stores	690 stores
Total (Japan + overseas)	Number of stores	820 stores	768 stores

Full-Year Forecast

The company’s forecast for the fiscal year ending December 2026 (FY2026), shown against the prior-year actual, is as follows.

Item	Forecast (FY2026)	Prior-Year Actual (FY2025)
Net sales	58,000 million yen	51,040 million yen
Operating profit	2,500 million yen	1,784 million yen
Ordinary profit	2,350 million yen	2,056 million yen
Net income attributable to owners of the parent	800 million yen	405 million yen
Dividend per share	13.00 yen (ordinary dividend 13.00 yen)	13.00 yen (ordinary dividend 13.00 yen)

Shareholder Returns

The dividend per share is 13.00 yen (ordinary dividend 13.00 yen) for both the FY2025 actual and the FY2026 forecast, unchanged from the prior year.

This article is an analysis based on publicly available information and is not a recommendation to buy or sell any specific securities. Investment decisions are your own responsibility.