May 2026
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Largest Restaurants & Nightlife Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Zensho Holdings, Food & Life Companies, McDonald's Japan, Skylark Holdings and Toridoll Holdings.
 | Zensho Holdings Co Ltd is a Japan-based company engaged management of food service chain restaurants and the development of sales systems and food processing systems. It operates a wide range of food-related businesses through segments including Global Sukiya, Global Hama Sushi, Global Fast Food, Restaurant, and Retail. The group manages the domestic and international expansion of the beef bowl chain Sukiya and the sushi chain Hamazushi, develops various fast-food businesses, operates restaurants in Japan and overseas, and manages supermarkets and related retail operations. | $47 | -5% | $7B | $9B | 1.3x | 12.2x | ||
| Food & Life Companies Ltd owns and operates a revolving sushi-style restaurant chain. The company operates under the Sushiro brand. It has operations in Japan, Korea, Taiwan, Hong Kong, Singapore, and Thailand. | $64 | +65% | $7B | $8B | 2.9x | 24.3x | ||
| McDonald's Holdings Co (Japan) Ltd has a license to operate McDonald’s fast-food restaurants in Japan. It is engaged in the operation and management of hamburger restaurant chains under the McDonald’s brand. The company pays royalties for licensed rights and, in Japan, provides sub-licenses for its know-how and trademarks to franchisees operating its franchise restaurants, from whom it earns royalty income. | $51 | +32% | $7B | $6B | 2.4x | 14.8x | ||
| Skylark Holdings Co Ltd is engaged in the restaurant business through its group of brands, including Gusto, Bamiyan, Shabu-Yo, Jonathan’s, Yumean, Steak Gusto, and Sukesan. The company operates a single reportable segment, the Restaurant Business, which provides table service to general consumers through various restaurant formats. The business involves sourcing, cooking, and delivering ingredients to stores, maintaining similar economic characteristics across its operations. | $18 | -11% | $4B | $5B | 1.5x | 8.6x | ||
| Toridoll Holdings Corp owns and operates more than 1,000 restaurants Japan. Toridoll has several different restaurant brands, but most are similar in serving Japanese or other Asian cuisine and using an open-kitchen concept where customers can see the food as it is prepared. Toridoll’s primary brand is Marugame Seimen, which specializes in Sanuki udon and accounts for more than 85% of the company’s total sales. Marugame Seimen has nearly 800 locations in Japan and more than 100 locations in a dozen other countries. Other significant brands in Japan include Toridoll, Nagata Honjo-ken, and Marusho-ya. Significant brands outside Japan include Wok to Walk, Tokyo Table, and Boat Noodle. | $25 | -6% | $2B | $3B | 1.7x | 11.1x | ||
| Create Restaurants Holdings Inc develops, manages, and franchises a variety of food-service brands and formats that fall into categories ranging from casual food courts and ramen to Japanese-style bars and dinnertime restaurants. The company has nearly 800 restaurants operating under nearly 200 different brands that typically offer Japanese, Western, or Chinese cuisines. The vast majority of the company's revenue is generated in Japan. Some of the company's notable brands are Isomaru-Suisan, Kissho, Tanto Tanto, Tsukemen Tetsu, and Hina Sushi. | $4 | +1% | $2B | $2B | 2.2x | 14.3x | ||
| Saizeriya Co Ltd operates more than 1,000 casual Italian-style restaurants in Japan and close to another 300 of those restaurants in other Southeast Asian countries, particularly China. Saizeriya has a vertically integrated manufacturing and sales system that covers all stages from raw material purchasing and processing to restaurant service. Its business includes farms and factories in Japan, Australia, and Italy to grow vegetables and process meat and dairy. More than three fourths of the company's sales come from restaurants in Japan. | $33 | +5% | $2B | $1B | 0.8x | 6.6x | ||
| Yoshinoya Holdings Co Ltd owns, operates, and franchises thousands of restaurants primarily in Japan. The company has five business segments: Yoshinoya, a restaurant brand that serves gyudon and other fast food and accounts for roughly half of the company's sales; Hanamaru, a self-service sanuki udon restaurant brand; Arcmeal, which operates Steak-no-Don, Shabu Shabu Don-tei, Steak House Volks, and Don Italiano restaurants; Kyotaru, which operates takeout sushi and rotary sushi restaurants called Sushi Misaki Maru, Kaisen Misakiko, and Kyotaru; and Overseas, which operates primarily Yoshinoya restaurants in China, the United States, Thailand, and Malaysia. The company has roughly 2,000 stores in Japan and nearly 700 outside Japan. | $20 | +1% | $1B | $1B | 1.0x | 13.4x | ||
| Colowide Co Ltd is a Japan-based company which primarily operates restaurant chains. The company is involved in the management and operation of taverns and karaoke pubs, and Japanese and Italian cuisines. The company is mainly engaged in the management of restaurants, stocking and processing sales of various foodstuffs, sales of cigarettes and liquors, management of Karaoke rooms, among others. | $11 | -1% | $1B | $2B | 1.2x | 38.7x | ||
| Monogatari Corp is a Japanese company mainly engaged in the business of direct operation of restaurants and the management of franchise chains. The company operates stores in Japan and other countries. It offers okonomiyaki, grilled meat, noodles and other food items. | $29 | +30% | $1B | $1B | 1.4x | 11.8x | ||
| Ohsho Food Service Corp is a Japanese company which operates Chinese restaurant chains offering Chinese dishes, as well as the sale of Chinese food ingredients and others. The company provides noodles, dumpling skins, fillings for dumplings, sliced pork, as well as alcoholic beverages and soft drinks, among others. | $17 | -22% | $895M | $759M | 1.1x | 8.4x | ||
| Ichibanya Co Ltd owns, operates, and franchises CoCo Ichibanya and other restaurants, primarily in Japan. Nearly all Ichibanya’s restaurants operate under the brand name CoCo Ichibanya, which specializes in curry dishes and has more than 1,000 locations in Japan and more than 150 locations in other Asian countries and the United States. Other restaurant brands that Ichibanya operates and franchises in Japan include Pasta de CoCo, Menya CoCo Ichi, and Nikkui Tei. Nearly 90% of the company’s revenue is generated in Japan. | $6 | -2% | $892M | $819M | 2.1x | 19.3x | ||
| Atom Corp operates and manages of a chain of restaurants in Tohoku, North Kanto, Tokai, and Hokuriku areas. It offers sushi, grilled meat, steak, Japanese food, western food, pork cutlet, shabushabu ramen and among others. The company has four operating segments namely restaurant segment, Izakaya segment, entertainment segment and others segment which includes the provision of operation guidance to franchised stores, and others. | $4 | +3% | $814M | $827M | 3.7x | 56.8x | ||
| Kura Sushi Inc operates a chain of close to 400 sushi restaurants in Japan. Kura's restaurants pledge to serve natural, organic, additive-free food that is devoid of chemical seasonings and artificial sweeteners, colorings, and preservatives. They operate as revolving sushi restaurants using the conveyor belt method to serve customers, which keeps staff requirements low. The method entails customers choosing and grabbing their sushi preferences as the options rotate in front of them on a conveyor belt. | $10 | -50% | $800M | $898M | 0.6x | 8.6x | ||
| Garden Co Ltd is engaged in restaurant operations, including brands such as Ichikakuya and Yamashita Honki Udon, and utilizing merger & Acquisition strategies to expand portfolio. | $14 | -4% | $101M | $80M | 0.7x | 6.0x | ||
| Yamanaka Co Ltd operates general retail stores. The company also operates fast food business, gardening supplies business, and manages sports club. | $3 | -- | $63M | $105M | 0.2x | 8.1x | ||
| Median | $17 | -1% | $1B | $1B | 1.3x | 12.0x |
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