Matsuya Foods' first-half profit falls 46.6% as existing restaurants barely grow and costs keep rising
Matsuya Foods' 16.7% first-half revenue gain came mostly from newly consolidated businesses in Japan and Hong Kong and from new openings, not from existing stores selling more -- and costs still cut profit nearly in half.
Matsuya Foods Holdings (松屋フーズホールディングス), the company behind the gyudon (beef-bowl) chain Matsuya (松屋) and the tonkatsu chain Matsunoya (松のや), said first-half net profit fell 46.6% to ¥690 million and operating profit fell 34.3% to ¥1.86 billion, even as revenue rose 16.7% to ¥102.6 billion, in results covering April to September 2026 published November 13. The company revised its full-year forecast the same day.