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AP Holdings Co., Ltd. is a food industry group operating a direct production-to-sales model that integrates the production, distribution, and retail of local chicken and fresh fish. The company manages four business segments: domestic food service, overseas food service, mid-sized food (bento and deli), and production and distribution. Its domestic restaurant portfolio includes the Tsukada Farm izakaya chain, specialty brands such as Yonjyu Gyojo and Shibaura Shikuniku, and restaurant concepts like Nacamoguro and Tachi Sushi Yokocho. Overseas operations are concentrated in Asia and the United States, with direct stores in Indonesia, Hong Kong, Singapore, and the USA, and franchise expansion in Cambodia and the Philippines. The production segment involves direct partnerships with local producers and municipalities in Miyazaki, Hokkaido, and Kagoshima to raise and process local chicken breeds, as well as direct procurement of fresh fish and produce. Key subsidiaries include AP Company, Tsukada Farm Plus, and AP Company International Singapore Pte., Ltd. Summarised from the annual report, fiscal year ended Mar 2026 |
Industry Restaurants | Homepage apcompany.jp |
| Sector Consumer Cyclical | IR page — | |
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Tags
izakaya, local chicken, fresh fish, bento manufacturing, food distribution, franchise, direct sourcing, poultry farming, seafood processing, AP Company, Tsukada Farm Plus, AP Company International Singapore Pte. Ltd., AP Company USA Inc., AP Company Kalakaua LLC, AP Bijinmen 1 LLC, AP Company HongKong Co. Ltd., AP Place Hong Kong Co. Ltd., PT.APC International Indonesia, Jito Kei Land Hinan, Shintoku Farm, Kagoshima Bans, Toyosu Gyojo Sanjo Shijo, Tsukada Farm, Jitokko Kumiai, Yonjyu Gyojo, Nakizakana, Shibaura Shikuniku, Kichu, Yakitori Tsukada, Yakitori Standard, Nacamoguro, Shabu Shabu Tsukada, Tachi Sushi Yokocho, Ura no Yama no Kono Ko, Bijin Nabe
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Press page — |
Metrics
| Valuation | |
|---|---|
| Market cap | ¥ 12.335B |
| P/E | 11.33 |
| P/BV | 10.97 |
| P/S | 0.57 |
| P/OCF | 9.76 |
| P/FCF | 9.58 |
| Dividend yield | — |
| Turnover / mcap | — |
| Returns | |
|---|---|
| ROE | 100.9% |
| ROI | 21.1% |
| ROIC | 15.7% |
| Profit margin | 5.2% |
| Growth | |
|---|---|
| Revenue growing | Yes |
| Profits growing | Yes |
| Revenue up 3y | Yes |
| Revenue up 5y | No |
| Quality | |
|---|---|
| Profitable | Yes |
| Margin expanding | Yes |
| Buying back stock | No |
| Diluting (TTM) | No |
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| News sentiment (TTM) | 0 |
| Quality score | 47.1% |
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| Figure | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.822B | 21.072B | 20.599B | 17.176B | 7.998B | 8.942B | 23.072B | 24.578B | 25.724B | 25.966B | 21.84B | 19.236B | 15.793B | 11.387B |
| Free cash flow | 1.288B | -276.896M | 182.534M | 462.737M | -467.487M | -3.79B | -759.883M | -291.388M | 246.478M | -583.853M | -1.606B | -49.228M | -697.475M | -172.496M |
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