3175
Fiscal year ends March Quarters are offset from the calendar — Q1 is Apr–Jun

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 —
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
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

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
Share price 902.69 — 770 449 450.71 422.31 422.31 — 943.22 943.22 1.142K 1.805K 1.655K 1.555K
Price performance 12m — — 0.71 -0 0.07 0 — — 0 -0.17 -0.37 0.09 0.06 —

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AP Holdings Co., Ltd. (ticker 3175), listed in Japan.