Bronco Billy Co., Ltd. (TSE: 3091), operator of the "Bronco Billy" charcoal-grilled steak and hamburger restaurant chain, reported consolidated results for the first half of the year ending December 31, 2026 under Japanese GAAP. Revenue rose 12.9% to ¥16,474 million, operating profit jumped 57.5% to ¥1,929 million, ordinary profit climbed 54.3% to ¥1,941 million, and net profit attributable to owners of the parent rose 53.3% to ¥1,289 million. Basic earnings per share were ¥43.29, up from ¥28.27 (restated for the split).
Traffic and pricing lift the top line
The Nagoya-based chain credited the sharp profit gain to firm same-store sales, helped by menu and campaign initiatives aimed at winning younger diners and encouraging repeat visits, alongside a full contribution from stores opened in the prior year. Group subsidiary Matsuya Sakae Foods expanded its central production lines to support higher quality and a growing store count. Comprehensive income rose 55.8% to ¥1,310 million.
New meat subsidiary and store network
In April 2026 the company acquired Asahi Meat Co., Ltd., a Yamaguchi Prefecture meat-processing and prepared-foods business, as a wholly owned subsidiary, deepening its vertical control over sourcing. At the end of June the group operated 164 outlets: 148 "Bronco Billy" steak-and-hamburger restaurants, 15 "Katsuhiro" and "Katsumasa" pork-cutlet outlets, and one "Shingiya" izakaya. New openings during the half included Bronco Billy sites in Fukuoka and Kanagawa and a Katsumasa in Aichi.
Solid balance sheet
Total assets stood at ¥28,565 million and net assets at ¥22,861 million, for a robust equity ratio of 79.8%. Operating cash flow was ¥2,422 million, against a ¥693 million investing outflow and a ¥237 million financing outflow; period-end cash and equivalents reached ¥10,352 million.
Guidance raised; stock split completed
Bronco Billy lifted its full-year FY12/2026 forecast to revenue of ¥34,000 million (+12.5%), operating profit of ¥3,970 million (+35.5%), ordinary profit of ¥4,020 million (+32.9%) and net profit of ¥2,600 million (+32.0%), with EPS of ¥87.28. The company completed a 2-for-1 common-stock split effective July 1, 2026, and set an interim dividend of ¥20.00; on a pre-split basis the planned annual dividend of ¥40.00 would be up from ¥28.00 a year earlier.
| Metric | H1 FY12/2026 | H1 FY12/2025 | YoY |
|---|---|---|---|
| Revenue (¥ billion) | 16.47 | 14.59 | +12.9% |
| Operating profit (¥ billion) | 1.93 | 1.22 | +57.5% |
| Ordinary profit (¥ billion) | 1.94 | 1.26 | +54.3% |
| Net profit attrib. to owners (¥ billion) | 1.29 | 0.84 | +53.3% |
| Basic EPS (¥, split-adjusted) | 43.29 | 28.27 | +53.1% |
| FY26 operating profit guidance (¥ billion) | 3.97 | 2.93 | +35.5% |
JapanStockPulse provides informational content only and does not constitute investment advice. Figures are taken from the company's published earnings short report and may be subject to subsequent revision.