Eat and Holdings

Basic Information

Stock Code
2882
Industry
Food Products
Category Detail
Restaurants
Prefecture
Tokyo
Establishment Year
August 1977
Listing Year
June 2011
Official Website
https://www.eat-and.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Garden, Fujio Food, SFP, Maruchiyo Yamaoka House, Chikara no Minamoto Holdings, Sairikiya, Kourakuen, Haidai Hidaka, Ringer Hut, Gift Holdings, Ohsho Food Service, Hachiban

Overview

Eat and Holdings is a leading Japanese food group company established in 1977, with restaurant chains and frozen food manufacturing and sales as its core businesses.

Current Situation

Eat and Holdings recorded net sales of approximately 37.3 billion yen and operating profit of approximately 1.1 billion yen for the fiscal year ending February 2025, achieving stable profit maintenance. Centering on the gyoza-focused Osaka Ohsho brand, the company operates ramen and bakery formats to address a wide range of food needs. It is actively expanding stores domestically and internationally, including into the Southeast Asian market. In the frozen food sector, it leverages high-quality ingredients and manufacturing technology to strengthen sales to mass retailers and cooperatives, expanding its business. In recent years, it has increased manufacturing capacity and focused on improving production efficiency. The company has transitioned to a holding company structure to promote group management efficiency. It is also engaged in sustainability initiatives and strengthening quality control, aiming for sustainable growth in the future. Moving forward, it will strengthen brand power domestically and abroad, product development, and diversified sales channels, pursuing performance improvement from a medium- to long-term perspective.

Trivia

Interesting Facts

  • Osaka Ohsho Hane-tsuki Gyoza is a popular product awarded gold at Monde Selection.
  • Transitioned to holding company structure in 2020 to strengthen group management.
  • Frozen food manufacturing with multiple factories across Japan.
  • Pioneering gyoza chain in Japan.
  • Ramen 'Yotteko-ya' inherits Kyoto street stall ramen.
  • Taiyo no Tomato Men uses organic tomatoes and is popular for health focus.
  • Bakery cafe business operates 27 stores mainly in urban areas.
  • Employee stock ownership plan exists to promote employee involvement in management.
  • Overseas expansion to Thailand, Singapore, Myanmar, etc.
  • Osaka Ohsho logo features a castle shape modeled after Osaka Castle.

Hidden Connections

  • Once had a norenwake (curtain-sharing) relationship with Ohsho Food Service, but no capital ties.
  • Has won Monde Selection gold award consecutively since 2016.
  • Expanding customer base through frozen food supply to cooperatives.
  • Bakery business operated under separate brand R Baker.
  • Head office located in Shinagawa Seaside East Tower, Tokyo.
  • Chairman and CEO is Naoki Funano.
  • Also involved in food wholesaling for business-use ingredients.
  • Characterized by diversified business including regionally limited bakery expansions.

Future Outlook

Growth Drivers

  • Ongoing expansion of domestic and international frozen food markets.
  • Increased demand for new products due to rising health consciousness.
  • Store expansion in Asian markets.
  • Strengthened revenue base through diverse restaurant formats.
  • Enhanced customer acquisition via digital marketing.
  • Improved management efficiency under holding company structure.
  • Differentiation through product development capabilities.
  • Strengthened sustainability measures.
  • Diversification and expansion of sales channels.
  • Brand deployment aligned with market trends.

Strategic Goals

  • Achieve overseas sales ratio of over 30%.
  • Expand domestic frozen food market share.
  • Achieve sustainability standards and strengthen certifications.
  • Aggressively launch new formats and businesses.
  • Promote advanced automation in manufacturing and logistics.
  • Advance employee satisfaction improvement measures.
  • Maximize production efficiency through technological innovation.
  • Enhance brand value and customer loyalty.

Business Segments

Frozen Food Manufacturing and Wholesale

Overview
Provides high-quality frozen foods to mass retailers and food service operators.
Competitiveness
Stable supply system with multiple domestic factories.
Customers
  • Mass Retailers
  • Cooperatives
  • Convenience Stores
  • Restaurant Chains
  • Specialty Stores
  • Catering Companies
Products
  • Frozen Gyoza
  • Frozen Boiled Gyoza
  • Frozen Chinese Ready Meals
  • Processed Condiments

Restaurant Operations

Overview
Handles operations of restaurants such as Osaka Ohsho.
Competitiveness
High brand recognition and broad customer base.
Customers
  • Individual Consumers
  • Corporate Customers
  • Franchisees
Products
  • Restaurant Operations
  • Brand Management
  • Product Development

Bakery Cafe Business

Overview
Operates under R Baker and Coccinelle brands.
Competitiveness
High service quality through store expansion.
Customers
  • General Consumers
  • Store Operators
Products
  • Freshly Baked Bread
  • Cafe Products

New Business Development

Overview
Promotes healthy products and overseas business expansion.
Competitiveness
Flexibility to respond quickly to market needs.
Customers
  • Corporate Partners
  • Suppliers
Products
  • Health-Oriented Foods
  • Overseas Store Expansion

Competitive Advantage

Strengths

  • Established food manufacturing technology
  • Diverse business formats
  • Extensive domestic and international store network
  • Rich product lineup
  • Stable logistics and supply system
  • High brand value
  • Strong franchise system
  • High-quality raw material procurement capabilities
  • Integrated manufacturing and sales structure
  • Diversified sales channels

Competitive Advantages

  • Revenue stabilization through diverse restaurant formats
  • In-house manufacturing and sales of frozen foods
  • Highly recognized brand 'Osaka Ohsho' domestically and internationally
  • Store expansion strategy that is community-focused yet expansive
  • Aggressive entry into Asian markets overseas
  • Robust sales network for business-use ingredients and mass retailers
  • Cost competitiveness through supply chain optimization
  • Rapid response to trends via product development capabilities
  • Credit built from long-term business continuity
  • Strong franchisee network

Threats

  • Intense competition in the restaurant industry
  • Risk of raw material price fluctuations
  • Fluctuations in restaurant demand due to new infectious diseases
  • Brand risk from food safety issues
  • Challenges in cultural differences and regulations in overseas markets
  • Rising store operation costs due to labor shortages
  • Delays in responding to changes in consumer health consciousness
  • Intensifying price competition with new entrants

Innovations

2023: 25% Increase in Frozen Gyoza Production Capacity

Overview
Expanded production lines at the Kanto factory in Gunma Prefecture to increase capacity.
Impact
Enables stable supply and response to growing demand.

2021: Transition to Holding Company Structure

Overview
Implemented organizational restructuring to enhance group management efficiency and business strength.
Impact
Achieved improved management agility and governance.

2022: Opening of R Baker Flagship Store in Osaka

Overview
Opened the first flagship store for R Baker in Osaka to boost brand recognition.
Impact
Successfully strengthened the brand in the regional market.

2024: New Frozen Gyoza Factory in Miyazaki Miyakonojo

Overview
Established a new factory to strengthen decentralized production and bolster supply capacity.
Impact
Brings logistics efficiency and risk diversification benefits.

2023: Aggressive Overseas Store Expansion

Overview
Expanding store numbers in Asian countries including Thailand and Taiwan.
Impact
Solidifies foundation for overseas sales growth.

Sustainability

  • Implementation of food waste reduction programs
  • Promotion of environmentally friendly packaging materials
  • Strengthening of green logistics initiatives
  • Environmental conservation activities in collaboration with local communities
  • Enhanced employee health and safety management