Financials Zensho Holdings Co., Ltd.

Equities

7550

JP3429300001

Restaurants & Bars

Market Closed - Japan Exchange Other stock markets 07:30:00 18/07/2025 BST			5-day change	1st Jan Change
7,821.00 ^JPY	-1.27%		-1.78%	-12.75%

06-06	Nearly 20% of Japanese Firms Forecast Record Profits	MT
05-27	Japanese retailers apply to buy government's cheap stockpiled rice	RE

Projected Income Statement: Zensho Holdings Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	595,048	658,503	779,964	965,778	1,136,684	1,220,000	1,316,700	1,413,967
Change	-	10.66%	18.45%	23.82%	17.7%	7.33%	7.93%	7.39%
EBITDA ¹	36,863	39,115	53,753	89,914	123,088	133,350	150,950	167,050
Change	-	6.11%	37.42%	67.27%	36.9%	8.34%	13.2%	10.67%
EBIT ¹	12,088	9,232	21,734	53,707	75,128	83,500	99,567	113,433
Change	-	-23.63%	135.42%	147.11%	39.88%	11.14%	19.24%	13.93%
Interest Paid	-2,225	-2,677	-2,849	-3,790	-5,736	-	-	-
Earnings before Tax (EBT)	5,437	26,280	23,488	47,526	63,502	-	-	-
Change	-	383.35%	-10.62%	102.34%	33.62%	-	-	-
Net income ¹	2,259	13,869	13,265	30,693	39,290	44,733	55,267	64,300
Change	-	513.94%	-4.36%	131.38%	28.01%	13.85%	23.55%	16.34%
Announcement Date	14/05/21	13/05/22	12/05/23	14/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	128,373	159,602	160,365	146,708	152,607	164,357	176,207	165,332	178,398	197,326	203,515	200,725	214,368	238,242	254,193	258,975	266,583	291,182	288,995	289,924	276,300	309,630	312,740	321,330
Change	-	24.33%	0.48%	-8.52%	4.02%	7.7%	7.21%	-6.17%	7.9%	10.61%	3.14%	-1.37%	6.8%	11.14%	6.7%	1.88%	2.94%	9.23%	-0.75%	0.32%	-4.7%	12.06%	1%	2.75%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-7,970	7,446	5,270	7,342	2,875	5,762	2,213	-1,618	2,661	5,489	6,452	7,132	9,578	15,817	10,916	17,396	17,247	23,882	16,965	17,034	5,200	24,130	24,440	28,230
Change	-	193.43%	-29.22%	39.32%	-60.84%	100.42%	-61.59%	-173.11%	264.46%	106.28%	17.54%	10.54%	34.3%	65.14%	-30.99%	59.36%	-0.86%	38.47%	-28.96%	0.41%	-69.47%	364.04%	1.28%	15.51%
Charge d'intérêts	-506	-	-504	-	-644	-	-674	-	-674	-	-735	-	-771	-	-1,192	-	-1,268	-	-1,434	-	-	-	-	-
Earnings before Tax (EBT)	-8,435	7,248	3,269	3,355	2,973	8,695	11,391	3,221	7,073	5,145	6,424	4,846	8,996	14,504	9,207	-	16,133	-	14,965	-	-	-	-	-
Change	-	185.93%	-54.9%	2.63%	-11.39%	192.47%	31.01%	-71.72%	119.59%	-27.26%	24.86%	-24.56%	85.64%	61.23%	-36.52%	-	-	-	-	-	-	-	-	-
Net income ¹	-6,382	4,470	1,720	2,451	1,232	5,200	7,096	341	4,428	2,930	3,774	2,133	6,675	9,039	4,977	10,002	10,796	14,075	9,231	5,188	3,300	15,600	15,900	7,700
Change	-	170.04%	-61.52%	42.5%	-49.73%	322.08%	36.46%	-95.19%	1,198.53%	-33.83%	28.81%	-43.48%	212.94%	35.42%	-44.94%	100.96%	7.94%	30.37%	-34.42%	-43.8%	-36.39%	372.73%	1.92%	-51.57%
Announcement Date	07/08/20	13/11/20	05/02/21	14/05/21	13/08/21	12/11/21	08/02/22	13/05/22	10/08/22	11/11/22	10/02/23	12/05/23	10/08/23	10/11/23	09/02/24	14/05/24	09/08/24	12/11/24	12/02/25	13/05/25	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2025 S1	2026 S1
Net sales ¹	307,073	316,964	341,539	375,724	404,240	452,610	557,765	585,930
Change	-	3.22%	7.75%	10.01%	7.59%	11.97%	23.23%	5.05%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	12,612	8,637	595	8,150	13,584	25,395	41,129	29,330
Change	-	-31.52%	-93.11%	1,269.75%	66.67%	86.95%	61.96%	-28.69%
Charge d'intérêts	-	-1,329	-	-1,363	-	-1,613	-2,732	-
Earnings before Tax (EBT)	6,624	11,668	14,612	12,218	11,270	23,500	37,392	-
Change	-	76.15%	25.23%	-16.38%	-7.76%	108.52%	59.11%	-
Net income ¹	4,171	6,432	7,437	7,358	5,907	15,714	24,871	18,900
Change	-	54.21%	15.62%	-1.06%	-19.72%	166.02%	58.27%	-24.01%
Announcement Date	14/05/21	12/11/21	13/05/22	11/11/22	12/05/23	10/11/23	12/11/24	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Zensho Holdings Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	190,725	187,642	188,185	247,817	220,010	212,700	194,600	174,700
Change	-	-1.62%	0.29%	31.69%	-11.22%	-3.32%	-8.51%	-10.23%
Announcement Date	14/05/21	13/05/22	12/05/23	14/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Zensho Holdings Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	20,286	27,513	45,838	125,387	66,497	56,180	54,670	46,890
Change	-	35.63%	66.6%	173.54%	-46.97%	-15.51%	-2.69%	-14.23%
Free Cash Flow (FCF) ¹	6,167	13,880	17,878	-39,401	12,456	47,292	46,745	63,985
Change	-	125.07%	28.8%	-320.39%	131.61%	279.67%	-1.16%	36.88%
Announcement Date	14/05/21	13/05/22	12/05/23	14/05/24	13/05/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Zensho Holdings Co., Ltd.

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	6.19%	5.94%	6.89%	9.31%	10.83%	10.93%	11.46%	11.81%
EBIT Margin (%)	2.03%	1.4%	2.79%	5.56%	6.61%	6.84%	7.56%	8.02%
EBT Margin (%)	0.91%	3.99%	3.01%	4.92%	5.59%	-	-	-
Net margin (%)	0.38%	2.11%	1.7%	3.18%	3.46%	3.67%	4.2%	4.55%
FCF margin (%)	1.04%	2.11%	2.29%	-4.08%	1.1%	3.88%	3.55%	4.53%
FCF / Net Income (%)	273%	100.08%	134.78%	-128.37%	31.7%	105.72%	84.58%	99.51%
Profitability
ROA	3.21%	5.62%	6.26%	8.36%	9.21%	5.4%	6.3%	6.9%
ROE	2.6%	14.7%	12.1%	18.6%	17.3%	17.52%	19.82%	19.6%
Financial Health
Leverage (Debt/EBITDA)	5.17x	4.8x	3.5x	2.76x	1.79x	1.6x	1.29x	1.05x
Debt / Free cash flow	30.93x	13.52x	10.53x	-6.29x	17.66x	4.5x	4.16x	2.73x
Capital Intensity
CAPEX / Current Assets (%)	3.41%	4.18%	5.88%	12.98%	5.85%	4.6%	4.15%	3.32%
CAPEX / EBITDA (%)	55.03%	70.34%	85.28%	139.45%	54.02%	42.13%	36.22%	28.07%
CAPEX / FCF (%)	328.94%	198.22%	256.39%	-318.23%	533.86%	118.8%	116.95%	73.28%
Items per share
Cash flow per share ¹	177.2	277.4	287.6	425.9	547.7	-	-	-
Change	-	56.52%	3.67%	48.09%	28.58%	-	-	-
Dividend per Share ¹	20	22	24	50	70	75	92.67	105.7
Change	-	10%	9.09%	108.33%	40%	7.14%	23.56%	14.03%
Book Value Per Share ¹	560.9	679.2	761.6	1,172	1,336	1,652	1,926	2,243
Change	-	21.1%	12.14%	53.85%	13.99%	23.65%	16.61%	16.46%
EPS ¹	14.82	91.17	87.3	195.4	240.4	282.1	349.3	407
Change	-	515.18%	-4.24%	123.84%	23.05%	17.31%	23.84%	16.52%
Nbr of stocks (in thousands)	152,135	152,124	152,122	156,665	156,664	156,664	156,664	156,664
Announcement Date	14/05/21	13/05/22	12/05/23	14/05/24	13/05/25	-	-	-