JM Holdings

What JM Holdings does

JM Holdings Co., Ltd. (株式会社JMホールディングス, TSE Prime: 3539) is a Japanese food-retail holding company that operates supermarkets, specialty food stores, restaurants, event services, and facility-management businesses under multiple banners. The group traces its origins to a 1945 meat shop and has grown through both organic store openings and acquisitions into a network of roughly 120+ locations operating under brands including Japan Meat Seisankan, Japan Meat Haikyu Shijō, MEATMeet, Power Mart, Hanamasa, Hanamasa PLUS, Super Miraberu, and the Manyūtei restaurant chain. A flagship commercial arrangement co-locates 14 of the group's stores inside Joyful Honda home-center sites, generating approximately 27.3% of consolidated revenue.

The business model combines multi-banner grocery retail with upstream vertical integration in meat, produce (via JM Seika), and rice (via Yanagita Shoten), supported by an integrated logistics center and a private-label / direct-import sourcing program. Group revenue reached ¥186.2B in FY2025 (July year-end) across 11,788 employees, with an operating profit margin of approximately 5.4% and FY2025 ROE of 14.6%. Revenue mechanics mix direct consumer grocery sales, urban professional-buyer wholesale (Hanamasa brand), restaurant operations, B2B services (Active Marketing System, Nicomall), and event catering (AATJ).

The holding company was restructured into its current form in February 2020 and migrated to the TSE Prime Market in April 2022. The Sakai family has controlled the group across three generations. Management's published medium-term plan targets ¥250B in revenue and ¥15.1B in ordinary profit by FY2029, supported by a stated 8–10 new-store opening cadence per year and continued bolt-on M&A, with FY2029 ROE guidance of 10%+.

Name

JM Holdings

Legal name

株式会社 JMホールディングス

Website

https://jm-holdings.co.jp

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

JM Holdings (TSE Prime: 3539) is a Japanese food-retail holding company operating ~120+ supermarkets and restaurants under multiple banners — including Japan Meat, Hanamasa, MEATMeet, and Super Miraberu — with vertical integration in meat, produce, and rice, serving everyday consumers and urban professional buyers.

Ownership category

akta.pro rank

Product category

Food Retail / Supermarkets

NAICS

Meat Retailers (445240), Meat and Meat Product Merchant Wholesalers (42447), Specialty Food Retailers (4452), Other Specialty Food Retailers (44529)

SIC

Wholesale-Groceries, General Line (5141)

akta.pro primary industry

Broadline Foodservice Distribution (CRAOABAA)

akta.pro secondary industries

Broadline Foodservice (Multi-Category) Wholesale Distribution (CRAOAAAA), Cash-and-Carry / Foodservice Warehouse Clubs (Broadline) (AFAIAAAG), Public Refrigerated Warehousing (Multi-Client) (AFAOAFAA)

Keywords

• Food retail supermarkets
• Fresh meat retail
• Yakiniku restaurant chain
• Urban wholesale grocery
• Prepared food services

Headquarters

HQ city

Tsuchiura

HQ country

Japan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. スーパーマーケット事業 (Supermarket Business): Revenue generated from retail food sales across multiple supermarket banners including Japan Meat Seisankan (17 stores), Japan Meat Haikyu Shijō (14 stores), MEATMeet (4 stores), Power Mart (3 stores), Hanamasa (64 direct + 1 FC), and Sumo Miraberu (12 stores). Products include fresh meat, produce, fresh fish, and prepared foods. This is the primary revenue driver for the group.
2. 外食事業 (Restaurant Business): Revenue from restaurant operations including Yakiniku-ya Manyūtei (18 stores) and Tonkatsu-ya Manyūtei (1 store) operated by Japan Delica. The division leverages group sourcing advantages for premium meat products at competitive price points.
3. イベント関連事業 (Event-Related Business): Revenue from event planning, production, and management, notably the 'Nikufes' (肉フェス) food festival and 'Tokyo Crazy Kawaii' overseas events, operated by AATJ.
4. アウトソーシング事業 (Outsourcing Business): Revenue from checkout operations outsourcing services provided by Active Marketing System to multiple supermarkets, leveraging accumulated expertise from extensive on-site operations.
5. 施設運営管理事業 (Facility Management Business): Revenue from shopping center management at Nico Mall in Ota City, Gunma Prefecture, housing 36 specialty tenants including the Japan Meat Seisankan Shinden store.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels5 records

Core offering

JM Holdings is a pure holding company that oversees eight subsidiaries operating multi-format food retail and foodservice businesses. Its core offerings include supermarkets and wholesale markets selling fresh meat, produce and daily necessities (Japan Meat Seisankan, Japan Meat Wholesale Market, MEATMeet, Hanamasa, Power Mart), and proprietary yakiniku restaurants (Manyutei). Supporting businesses include food events, outsourcing services, and facility management operations.

Product overview

JM Holdings is a pure holding company overseeing a group of 8 consolidated subsidiaries operating in the supermarket and food retail sector. The group's core supermarket operations include multiple retail formats under the Japan Meat brand (Seisengkan, Wholesale Market, MEATMeet), the Hanamasa urban wholesale/professional supermarket chain, and Power Mart community supermarkets. The group also operates the Manyutei restaurant chain (yakiniku and tonkatsu), food-related event businesses through AATJ, supermarket checkout outsourcing services, shopping center management, wholesale produce distribution, and rice retail. Additionally, the group conducts CSR activities including cooking studios, community contribution programs (1% Club), and youth sports sponsorship. All group companies benefit from the shared logistics center infrastructure and ISO9001 quality management certification.

Differentiator

Problem solved

Functional benefit

Brands

• ジャパンミート生鮮館: Full-service fresh food supermarket located inside large commercial facilities (primarily Joyful Honda home centers). Sells fresh meat, produce, seafood, and prepared foods.
• ジャパーミート卸売市場
• 肉のハナマサ
• パワーマート
• MEATMeet
• 焼肉や漫遊亭
• とんかつや漫遊亭

Products and services

• Japan Meat Seisankan A supermarket format operated by the JM Group selling fresh meat and related food products to consumers in the Kanto region.
• Japan Meat Wholesale Market A wholesale-style supermarket format offering fresh meat, produce, and daily necessities to urban consumers.
• MEATMeet A specialty fresh meat supermarket format operated by the JM Group.
• Hanamasa A yakiniku-focused supermarket/retail format operated by the JM Group that supports at-home yakiniku dining.
• Power Mart A value-oriented supermarket format co-tenanted within Joyful Honda home improvement centers, offering fresh and daily goods.
• Manyutei Restaurants Proprietary yakiniku (Korean-style barbecue) restaurant chain operated by the JM Group for dine-in consumption.
• All Japan Authentic Taste Exhibition (AATJ) Food event business operated by the JM Group that hosts nationwide tasting and food promotion events for consumers and partner brands.
• Outsourcing Services Catering and food service outsourcing provided by the JM Group for weddings, corporate events, and other business gatherings.
• Facility Management Services Facility management services provided by the JM Group as a supporting business segment.

Quantifiable outcome

• ¥186.2 billion in consolidated revenue for FY2025 July
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Joyful Honda (株式会社ジョイフル本田)coreChannel Partner/ Reseller/ DistributorJoyful Honda operates large-format home center retail locations throughout the Kanto region. JM Holdings co-locates 14 Japan Meat Seisankan in-store supermarket locations within Joyful Honda stores, generating approximately 27.3% of group sales. This co-tenancy provides JM with dominant foot traffic in high-density commercial settings.
• Joyful Honda (株式会社ジョイフル本田)coreChannel Partner/ Reseller/ DistributorJM Holdings generates approximately 27.3% of its group sales from the 14 Japan Meat Seisankan in-store supermarkets located within Joyful Honda home centers. This strategic co-tenancy arrangement is the most significant commercial partnership in JM's business model.

Scale indicators21 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Heiwado Co., Ltd. Kansai-based supermarket and drugstore operator with strong positions in fresh foods and daily goods. Comparable regional supermarket peer with overlapping multi-format retail strategy.
• Summit Inc. Supermarket chain operating primarily in the Kanto region with a discount positioning on fresh foods. Direct overlap with JM Holdings' geographic footprint and value-oriented supermarket formats.
• Arcs Co., Ltd. Hokkaido-based supermarket group operating discount supermarkets across northern Japan. Comparable regional supermarket chain with similar fresh-food discount positioning and unit-economics profile to JM Holdings.
• Valor Holdings Co., Ltd. Tokai-region supermarket chain with strong discount retail positioning and adjacent home center operations. Comparable as a multi-format Japanese supermarket operator pursuing integrated retail strategies in regional markets.
• Maruetsu (AEON subsidiary): Kanto-based supermarket operator, now part of the AEON group, focusing on fresh food retail in urban and suburban catchments. Comparable supermarket-format competitor in overlapping Tokyo metropolitan geographies.
• Izumi Co., Ltd. Regional supermarket chain headquartered in Hiroshima with operations across western Japan, combining retail supermarkets with credit card financial services. Comparable as a regional Japanese supermarket operator pursuing multi-format strategies.
• Life Corporation: Japanese discount supermarket chain focused on the Kansai and Greater Tokyo areas, competing on value pricing for fresh foods and daily goods. Highly comparable to JM Holdings' discount-oriented supermarket and Hanamasa wholesale-pro formats.

Broad incumbents

• Seven & i Holdings (Ito-Yokado): Parent of Ito-Yokado, one of Japan's largest supermarket chains, alongside 7-Eleven convenience stores. Competes in the same Japanese supermarket retail space as JM Holdings, though at vastly greater scale and with broader product portfolios.
• AEON Co., Ltd. Japan's largest supermarket and retail conglomerate, operating nationwide food supermarket banners, GMS, and discount store formats. Comparable as a broadline Japanese food retailer, though far larger and more diversified than JM Holdings.

Regional players

• Trial Holdings, Inc. Japanese discount supermarket and IT-retail operator primarily active in Kyushu and western Japan with growing national presence. Comparable as a discount-oriented supermarket operator, though geographically non-overlapping with JM Holdings' Kanto focus.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JM Holdings