TORIDOLL Holdings Corporation · Year ended March 2026

Marugame's kitchen starts with a bag of flour

Toridoll is a restaurant group operating brands in Japan and overseas, including Marugame udon shops and Hawaiian-themed Kona's Coffee. At its core Marugame business, staff make the noodles served to diners from flour inside each restaurant's kitchen.

A restaurant kitchen connects flour and dough preparation with a boiling pot and a bowl served to a diner

Flour becomes a bowl of udon inside the kitchen

Restaurant staff turn ingredients into dough and noodles, then serve them to diners.

Within one restaurant

  1. 1Make the dough

    With a flour sack, water jug and salt nearby, a kitchen worker handles dough in a mixing bowl.

    Combine flour, water and salt.

  2. 2Rest, stretch and cut

    Beside resting trays holding dough, a worker stretches a sheet and cuts it into noodles with a blade.

    Adjust steps such as resting time to the condition of the dough.

  3. 3Boil the noodles

    A worker lifts a handled strainer from a steaming cooking vessel to take out the boiled noodles.

    Boil the cut noodles in the restaurant kitchen.

  4. 4Serve the diner

    A kitchen worker passes a bowl of udon across the counter to a diner.

    Hand the finished udon to a customer.

A simplified schematic of the process and tools, not a literal kitchen plan or a claim that every worker shown holds the noodle-master qualification.

Source: Marugame announcement, March 21, 2024, PDF pp.2, 4–5 (Japanese)

Daily noodle-making across 887 stores

Making noodles in each kitchen also puts the work of responding to the day’s materials and conditions in each location.

CONCEPT MAP

Keeping noodle-making inside each restaurant

Kitchen work combines with a system for developing and checking skills.

Each store makes noodlesMarugame's on-site production
  1. Assess the ingredientsAdjust the process to the season and dough
  2. Check the skillsPractical and written tests, followed by continued learning
  3. Cook and serveMake and boil the noodles within the kitchen

Marugame anchors the group’s earnings

DATA VIEW

Marugame has the largest segment business profit

Year ended March 2026. Segment business profit in ¥bn, before the adjustment for unallocated company costs. All three bars use the same zero-based scale.

Marugame has the largest segment business profit
Marugame¥21.955bn
Domestic Other¥4.152bn
Overseas Business¥5.285bn

Source: Financial Results, PDF p.6 / printed p.3. Consolidated business profit was ¥21.460bn after an adjustment for ¥9.933bn of company costs not allocated to the segments. Adding the three bars does not give consolidated profit.

THE VIEW AFTER THE NUMBERS

What the numbers suggest

Marugame’s kitchens contain both the process of turning ingredients into noodles and the skill of judging the dough. At March 2026, its directly operated Japanese network had 887 stores carrying out that on-site work.

Alongside the core segment’s ¥21.955bn business profit, the kitchen process shows what expanding this restaurant business entails: developing the people who cook in each location. Together with managing products, prices and costs, that everyday production work supports Toridoll’s restaurant business.

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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

FY March 2026 Consolidated Financial Results, IFRS (Japanese)

TORIDOLL Holdings Corporation · 2026-05-15

Pages used: p.5 / p.5-6 / p.6

Open source →

Noodle Masters Assigned to All Marugame Stores (Japanese)

Marugame Seimen, Inc. · 2024-03-21

Pages used: p.2-3 / p.4-5

Open source →

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