Hiramatsu

Restaurants & food service · 2764

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-08-13 · the filing

JapanHiramatsu's own existing-store sales rose 4.6% in April–June on a management-accounting basis that includes managed hotels; restaurant existing stores drew more diners, while June dipped on weaker weddings.
StoresNew openings added sales: Monsieur Dior in Osaka's Shinsaibashi (May) and HRMT STAGE in Ebisu (February); store-operation work for a luxury brand now runs at two sites, Ginza and, since February, Daikanyama.
InboundThe hotels drew demand mainly from wealthy and inbound guests; aggregate hotel sales beat last year and plan despite renovation closures and typhoon- and Middle East-related cancellations.

Other callouts in the filing

BasisHotels have been run under management contracts since their assets were sold in July 2024, so the income statement books only fees; April's purchase of Sardinian restaurant operator UNIVERSO (Tharros) added ¥40mn of sales.
One-offExcluding openings and closures, operating profit rose ¥10mn; pre-opening costs for HRMT STAGE and Monsieur Dior caused the reported decline, and the quarter still beat a plan that had assumed a loss.
OutlookFull-year guidance (¥10.59bn revenue, ¥341mn operating profit) is unchanged, with a first-half operating loss of ¥114mn still forecast because profits concentrate in the third quarter.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Monthly sales

Change on the same month a year earlier, as the company reports it. Latest: Sep 2026

Company-wide sales (non-consolidated)

Monthly sales, change on a year earlier
Month	Total sales	Same-store sales	Release
Sep 2026	+11.3%	+10.9%	2026-10-14
Aug 2026	+11.7%	+10.5%	2026-09-14
Jul 2026	+16.6%	+14.8%	2026-08-13
Jun 2026	−0.7%	−2.8%	2026-07-14
May 2026	+10.1%	+9.8%	2026-06-15
Apr 2026	+4.6%	+5.8%	2026-05-14
Mar 2026	+1.9%	+3.4%	2026-04-14
Feb 2026	+2.3%	+2.6%	2026-04-01
Jan 2026	+0.2%	+1.6%	2026-02-12
Dec 2025	+4.3%	+5.3%	2026-01-15
Nov 2025	+9.5%	+10.8%	2025-12-11
Oct 2025	+3.3%	+4.5%	2025-11-14
Sep 2025	−8.2%	−7.3%	2025-10-14
Aug 2025	−3.4%	−1.6%	2025-09-12
Jul 2025	−15.3%	−14.6%	2025-08-14
Jun 2025	−0.1%	+0.7%	2025-07-14
May 2025	+8.3%	+9.8%	2025-06-13
Apr 2025	−4.1%	−2.6%	2025-05-15
Mar 2025	−4.6%	−1.0%	2025-04-14
Feb 2025	−0.3%	+2.8%	2025-03-13
Jan 2025	+9.8%	+12.6%	2025-02-13
Dec 2024	+0.1%	+4.1%	2025-01-14
Nov 2024	−0.7%	+3.8%	2024-12-13
Oct 2024	−8.1%	−4.7%	2024-11-15

Total sales: Company-wide sales (non-consolidated) (全社合計)
Same-store sales: Existing sites (open 15 months or more) (うち既存店)

Source: Hiramatsu monthly sales flash (IR report, non-consolidated). Figures as reported; preliminary, and the company may revise them. Compiled by floortok.

Reported results

Show figures in

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-08-13

Revenue¥2.5bn+4.6%

Operating profit¥0.0bn−62.3%

Net income¥0.0bn−47.6%

Hiramatsu is the smallest company floortok tracks and the only pure fine-dining operator — the restaurants and small luxury hotels that sit at the top of the Japanese dining market. Revenue grew 4.6% to ¥2.54bn in April–June 2026, but operating profit fell 62.3% to ¥26mn and net income 47.6% to ¥31mn: the business is profitable by a margin thin enough to vanish in any quarter. It is here for the signal rather than the scale — a listed window onto a segment otherwise made up of private restaurant groups.