KOMEDA Holdings Co., Ltd. · Year ended February 2026

Komeda’s franchisees are its customers too

Komeda runs café brands including Komeda Coffee, which serves coffee and light meals. Franchisees operate many of the shops, while headquarters supplies food and supports store operations.

A delivery vehicle carrying food crates leads into a café kitchen and seating area where a staff member serves coffee.
DATA VIEW

Wholesale revenue and directly operated store sales

Year ended February 2026, consolidated; billions of yen on a common scale starting at zero. Other revenue categories include store development, other items and leases. Source: financial results PDF p.13.

Wholesale revenue and directly operated store sales
Wholesale¥39.296bn
Directly operated stores¥11.003bn

Headquarters supplies the food. The café serves the customer.

The café buys supplies; its customer buys a meal

The franchisee buys food supplies from headquarters, then serves customers and receives their payment.

  1. Headquarters supplies food

    Crates of food move from shelves at a supply depot into a delivery vehicle.

    Supplying food generates wholesale revenue for headquarters.

    Deliver food supplies Pay for supplies
  2. The franchisee runs the café

    A crate arrives at a café kitchen counter, where a staff member places coffee on a tray.

    The operator uses the supplies to serve food and drinks in the café.

    Serve food and drinks Pay the café bill
  3. A customer eats and drinks

    An adult seated at a café table has coffee and a light meal and prepares payment to the shop.

    The customer pays the franchisee for food and drinks.

The franchisee also pays headquarters a royalty based on the number of seats, separate from payments for supplies.

A schematic of a franchised café. Directly operated store sales are recorded separately. Depot, food and vehicle designs are illustrative; no individual delivery frequency is implied.

Source: franchise features (Japanese) · Franchise terms (Japanese)

CONCEPT MAP

A franchisee makes more than one kind of payment

Separating purchases of supplies from seat-based royalties makes headquarters’ role easier to see.

The franchisee operating the café
  1. Buy food suppliesA wholesale transaction with headquarters
  2. Pay royaltiesA monthly amount based on seats
  3. Serve café customersReceive payment for food and drinks

THE VIEW AFTER THE NUMBERS

What the numbers suggest

A customer buys a meal or drink at the café; upstream, a franchisee buys supplies from Komeda. The ¥39.296bn of wholesale revenue reflects that second relationship. Royalties depend on seats, while wholesale revenue moves with products and prices. Separating them reveals the practical business of supplying and supporting a growing network of cafés.

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This is not investment advice or a stock recommendation. We reorder company-published primary-source facts to make the shape of the business easier to see.

Primary sources used

Financial Results for the Year Ended February 2026 (Japanese)

KOMEDA Holdings Co., Ltd. · 2026-04-08

Pages used: p.4 / p.4-5 / p.5 / p.13

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Features of Komeda’s Franchise System (Japanese)

KOMEDA Co., Ltd.

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