Bronco Billy 9M Operating Profit Jumps 48% to ¥3.05 Billion as Buffet Upgrade Lifts Same-Store Sales 7.8%; Full-Year Guidance Kept

Buffet upgrade lifts traffic

Bronco Billy Co., Ltd. (TSE: 3091) reported consolidated results for the first nine months of FY12/2026, from January 1 to September 30, 2026, on October 22, 2026 under Japanese GAAP. Net sales rose 12.8% to ¥25,351 million, operating profit 48.4% to ¥3,054 million and ordinary profit 44.2% to ¥3,073 million. Net profit attributable to owners of the parent increased 44.3% to ¥2,049 million, or ¥68.79 per share against ¥47.70, both adjusted for the two-for-one stock split that took effect on July 1.

At the core Bronco Billy steak and hamburg-steak chain, the salad bar was expanded in April into the Bronco Buffet with a wider menu. The chain also ran limited items such as charcoal-grilled thick-cut beef tongue in September, a Korean food fair from June aimed at younger diners, and a collaboration campaign with a popular manga title. Same-store sales for January to September were 107.8% of the prior-year level. Gross profit rose 14.3% to ¥17,176 million, while selling, general and administrative expenses grew a slower 8.9% to ¥14,122 million.

Meat processing brought in-house

In April the group acquired Asahi Meat, a meat-processing and prepared-food maker in Yamaguchi Prefecture, as a wholly owned subsidiary, to build production and supply for the Bronco Billy restaurants it plans to open in western Japan. It opened two Bronco Billy restaurants, in Fukuoka and Kanagawa prefectures, and one Katsumasa tonkatsu restaurant in Aichi Prefecture, for 164 restaurants at September 30: 148 Bronco Billy outlets, 15 tonkatsu restaurants and one izakaya. The company reports a single restaurant segment.

Balance sheet

Total assets rose 8.2% to ¥28,910 million from December 31, 2025, with cash and deposits up ¥1,542 million. Liabilities increased by ¥571 million to ¥5,569 million. Net assets rose 7.5% to ¥23,341 million, and the equity ratio was 80.5%, against 81.0%.

Outlook and dividend

The full-year forecast published on July 22 was left unchanged: net sales 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%), or ¥87.28 per share on a post-split basis. The company paid an interim dividend of ¥20 before the split and forecasts a year-end dividend of ¥10 after it, equivalent to an annual ¥40 on a pre-split basis against ¥28 for FY12/2025, which included a ¥2 commemorative dividend.

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.