April 2026
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Largest Supermarkets Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Seven & i Holdings Co., Kobe Bussan, H2O Retailing, Life Corporation and Belc.
 | Seven & i Holdings operates 7-Eleven, the world’s largest convenience store chain, with more than 86,000 stores globally. Convenience stores, mainly in Japan and North America, represent 83% of group sales and about 97% of operating profits in the August 2025 quarter. 7-Eleven Japan, the market leader in Japan’s convenience store industry, has acquired 46% value share and 38% share in store count. 7-Eleven, the largest convenience store chain in the US, made a $21 billion acquisition of Speedway in 2020. The deal increased its total store count to more than 13,000. | $12 | -11% | $28B | $50B | 0.7x | 8.6x | ||
| Kobe Bussan Co Ltd is a Japan-based company that operates through four business divisions: Business Supermarket, Restaurant and Ready-Meal, Eco-Renewable Energy, and Others. The Business Supermarket segment runs Gyomu Super stores offering affordable domestic and imported food products. The Restaurant and Ready-Meal segment operates buffet and delicatessen chains such as Kobe Cook World Buffet, Premium Karubi, and Chisouna. The Eco-Renewable Energy segment generates electricity from nineteen solar and one woody biomass power plant. The Others segment includes tourism and related businesses. It generates the majority of its revenue from the Business Supermarket segment. | $18 | -38% | $4B | $3B | 0.9x | 9.9x | ||
| H2O Retailing Corp is a Japan-based retailer that provides a broad range of merchandise to meet consumers’ needs, from daily needs to special products. The company’s core business is the department store business, which includes both the Hankyu and Hanshin department store chains. Superstore business is the company’s another major business arm, including the Izumiya and Hankyu Oasis store chains. H2O Retailing also runs a specialty store business, engaged in providing cosmetics, ladies' footwear, and other products and services. In addition to retail businesses, the company operates other businesses as well, such as hotels and restaurants. | $14 | +16% | $2B | $2B | 0.5x | 4.6x | ||
| Life Corp is a Japanese supermarket chain operator. The company is domiciled in Japan and generates the majority of revenue domestically. Life Corporation operates stores in Osaka, Tokyo, Hyogo, Kyoto, Nara, Saitama, Chiba, and Kanagawa, and derives the majority of revenue from stores located in Osaka and Tokyo. The company's supermarkets focus on the retail of seafood products, bakery products, food products, fresh fruit and vegetables, meat products, clothing, toilet paper, and craft products. The supermarkets carry a private-label brand of packaged foods. | $16 | +29% | $1B | $1B | 0.3x | 5.4x | ||
| Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on the Saitama prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities and processed food. Belc Co. Ltd also provides services to its stores including chain management and cleaning. | $44 | -1% | $920M | $1B | 0.4x | 6.8x | ||
| Maxvalu Tokai Co Ltd is a Japan-based retail store company. It manages a chain of supermarkets centering food items such as fresh fruits and vegetables, fresh fish, side dishes among others. Services provided by the company include an online supermarket, home delivery service, resting place, pharmaceutical stores, discount service, among others. Maxvalu Tokai has stores located throughout Japan. | $22 | +11% | $701M | $628M | 0.3x | 5.3x | ||
| Halows Co Ltd operates food supermarket chain stores in Hiroshima and Okayama Prefectures. Its stores are open 24 hours a day. | $26 | -14% | $546M | $468M | 0.3x | 4.4x | ||
| JM Holdings Co Ltd operates food supermarkets that retail meat products, fresh vegetables, fishes and other daily food products. The company also manages beef barbecue restaurants. It offers meat products, including meat processed goods, and frozen and refrigerated processed products, as well as meat of cow, chicken, and ham, as well as pork; food products comprising seasonings, processed foods, rice, bread, sake, noodles, eggs, dairy products; and vegetables, fruits, vegetables and fruits processed products, fresh juices, and cakes. It also provides fish products, sushi, dried fish, seaweed, shellfish, crustaceans, marine processing; and prepared foods, including lunch and fried foods, and tonkatsu, as well as salads, boiled foods, pottery, steamed foods. | $9 | +13% | $443M | $343M | 0.3x | 4.3x | ||
| Daikokutenbussan Co Ltd is primarily engaged in selling retail and wholesale food and other products. The company develops and sells private brand products. Daikokuten Bussan operates in two business segments. The retail segment manufactures and sells fresh foods, processed foods, and bread and confectionery products. It also operates supermarkets, a property leasing business, a trademark management business, recycling operations, and a store cleaning operation. The other segment is the company's wholesale business. | $31 | -35% | $418M | $594M | 0.3x | 5.2x | ||
| Median | $18 | -1% | $920M | $1B | 0.3x | 5.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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