What KOSHIDAKA HOLDINGS does

KOSHIDAKA HOLDINGS Co., Ltd. (TSE Prime: 2157) is a Japan-based general leisure services holding company whose core business is operating karaoke venues through its flagship Manekineko (まねきねこ) chain and the One Kara solo-karaoke specialty format. As of August 2025 the group operated 703 domestic stores and 27 overseas stores across Korea, Malaysia, Thailand, and Indonesia, with the Philippines announced for 2026 and a Los Angeles store opened in February 2025. The group recorded FY2025 revenue of approximately ¥69.4 billion, operating profit of ¥11.4 billion (16.4% margin), and net income of ¥5.26 billion, with revenue up 9.7% year-on-year to a record high.

The company's product surface is anchored on the E-bo (Entertainment Box) platform, launched September 2024/2025 as the core of its Private Entertainment Room (PER) strategy. E-bo combines the proprietary Sukitto karaoke system, industry-first Original Voice Karaoke (本人音源カラオケ, June 2025), sports video viewing, and mirroring capabilities, and operates as an open platform for external content. One Kara differentiates on physical infrastructure: PIT booths with high-fidelity headphones, condenser microphones, hyper-ventilation (full air exchange every ~2 minutes), non-contact smartphone payment, and QR/My Number Card authentication. Sub-brands include Zero Kara (free high-school group karaoke), KARAOKE GLANZA (adult segment, 2026), CAFÉ ECLA, AQERU Maebashi, YORIBA darts, and a Gindako Highball franchisee. Vertical integration is provided by wholly-owned subsidiaries covering real estate (Koshidaka Products), digital/IT (Koshidaka Digital), maintenance and refurbishment (Koshidaka Maintenance), shared services (Koshidaka Business Support), and overseas regional operations.

Revenue is generated primarily through per-use time-based karaoke room rental plus in-store food and beverage sales, supplemented by membership (Manekineko app, Maneki Smile Pass for single-parent families in 29 prefectures), real estate subleasing through Koshidaka Products, franchise/licensing income from overseas subsidiaries, and brand-collaboration transactions. Go-to-market is direct-to-consumer via owned retail (703 stores) plus the Manekineko app for reservations, payments, and member authentication. International growth is executed through wholly-owned subsidiaries rather than franchising in the core four Asian markets, with Philippines added in 2025/2026. The group employs approximately 5,566 full-time-equivalent staff across 7 domestic and 5 overseas group companies, and is led by President and Representative Director Koshitaka Hiroshi (腰高博), who has held the role since 1995.

Name

KOSHIDAKA HOLDINGS

Legal name

株式会社コシダカホールディングス (KOSHIDAKA HOLDINGS Co., LTD.)

Website

https://koshidakaholdings.co.jp

Company type

Public

Founded year

1967

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

KOSHIDAKA HOLDINGS is a Japan-based karaoke chain operator (TSE Prime: 2157) running 703 Manekineko and One Kara stores domestically plus 27 overseas across four Asian countries. It generates revenue primarily from time-based karaoke room rental and food and beverage sales, and is repositioning its rooms as Private Entertainment Rooms via the proprietary E-bo platform.

Ownership category

akta.pro rank

Product category

Karaoke Entertainment Services

NAICS

Drinking Places (Alcoholic Beverages) (7224)

SIC

Retail-Eating & Drinking Places (5810), Retail-Eating Places (5812)

akta.pro primary industry

Karaoke Bars & KTV Lounges (MPAGAIAG)

akta.pro secondary industries

Karaoke Bars & Entertainment Bars (THAFAEAH), Karaoke Bars (CRANACAI)

Keywords

• Karaoke entertainment
• Karaoke chain operation
• Food and beverage
• Amusement facilities
• Franchise restaurants

Headquarters

HQ city

Minato

HQ country

Japan

HQ region

Asia

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Technology or R&D

Revenue model

1. Karaoke Room Fees: Per-use charges for karaoke room rental, the primary revenue driver. Hourly or time-based rates vary by location, room size, and time of day.
2. Food & Beverage Sales: In-store food and beverage sales across karaoke venues, contributing significantly to per-customer revenue. Food and beverage is a key revenue stream alongside room fees.
3. Membership & Subscription Services: Manekineko app membership, Smile Pass programs for single-parent families, and other membership-based services.
4. Real Estate Management: Property management and subleasing operations through Koshidaka Products, generating steady rental income.
5. Franchise & Overseas Licensing: Revenue from overseas subsidiary operations (Korea, Malaysia, Thailand, Indonesia, Philippines) and franchise fees for international expansion.
6. Brand Collaborations & Content Partnerships: Revenue from branded collaborations, limited-time campaigns (e.g., Pokémon, DON Quijote), and themed events at karaoke locations.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

KOSHIDAKA HOLDINGS operates Japan's largest karaoke chain under the KARAOKE MANEKINEKO brand, alongside sister chains for solo customers (One Kara) and youth/student customers (ZERO KARA). The company sells karaoke room rental time and food and beverage offerings in stores, and is expanding adjacent entertainment venues such as darts (YORIBA), cafés (CAFÉ ECLA), franchise taverns (Gindako Highball), and VR karaoke (Metakara), supported by the E-bo entertainment platform.

Product overview

KOSHIDAKA HOLDINGS operates as a total entertainment service provider centered on karaoke businesses. The company offers a multi-brand portfolio consisting of core karaoke products (KARAOKE MANEKINEKO - the industry-leading chain with 703 domestic stores and international presence in 4 countries, and One Kara - Japan's first solo karaoke specialty), technology platforms (E-bo - next-generation entertainment platform serving as the core of PER strategy with industry-first Original Voice Karaoke), loyalty programs, and subsidiary businesses including cafe, real estate, and franchise operations. The E-bo platform functions as an open entertainment platform combining music, video, and gaming capabilities, while the company pursues its 'Entertainment Infrastructure' vision to transform karaoke rooms into multi-purpose entertainment spaces.

Differentiator

Problem solved

Functional benefit

Brands

• Karaoke Manekineko: Japan's largest karaoke chain with 'safe, secure, affordable, and friendly' service, operating nationwide and expanding overseas in Korea, Malaysia, Thailand, and Indonesia
• One Kara
• AQERU前橋
• CAFÉ ECLA
• KARAOKE GLANZA
• E-bo
• まねきねこ ZEROカラ (Manekineko ZERO Kara)

Products and services

• KARAOKE MANEKINEKO (カラオケまねきねこ) KARAOKE MANEKINEKO is the flagship 24-hour karaoke chain of KOSHIDAKA HOLDINGS, offering private karaoke rooms and food and beverage service to families, groups, and individuals across Japan.
• One Kara (ワンカラ) One Kara is a solo-karaoke chain offering small private rooms for individual customers, primarily office workers and travelers seeking karaoke without a group.
• ZERO KARA (ゼロカラ) ZERO KARA is a karaoke chain targeted at junior high, high school, and university students and other young customers, featuring low-cost pricing and student-friendly operating hours.
• KARAOKE GLANZA (カラオケグランザ) KARAOKE GLANZA is a karaoke brand in the KOSHIDAKA HOLDINGS portfolio offering private-room karaoke and food and beverage service.
• Metakara (メタカラ) Metakara is a virtual reality (VR) karaoke offering from KOSHIDAKA HOLDINGS that delivers a VR-based karaoke experience, with the company positioning it as a key growth and global-expansion product.
• E-bo Entertainment Platform (イーボ) E-bo is KOSHIDAKA HOLDINGS' cross-format entertainment platform that integrates the group's karaoke, darts, café, and other entertainment venues under a common user experience and technology layer.
• Gindako Highball (銀だこハイボール) Gindako Highball is a franchise tavern brand operated by KOSHIDAKA HOLDINGS, combining highball drinks with takoyaki and other food items.
• CAFÉ ECLA (カフェエクラ) CAFÉ ECLA is a café concept operated by KOSHIDAKA HOLDINGS as part of its broader entertainment venue portfolio.
• YORIBA (よりば) YORIBA is a darts venue brand operated by KOSHIDAKA HOLDINGS, providing darts play and food and beverage service.
• AQERU Maebashi (AKERU前橋 / アケル前橋) AQERU Maebashi is a commercial entertainment facility in Maebashi directly operated by KOSHIDAKA HOLDINGS, housing the group's karaoke, darts, café, and other entertainment offerings.

Quantifiable outcome

• FY2025 revenue reached a record ¥693.87 billion, up 9.7% YoY
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature8 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Standard (カラオケ店舗事業)coreStrategic or Co-development Partner · 12 September 2025Absorbed karaoke store business from Standard via an absorption-type company split (吸収分割) on September 12, 2025, consolidating Standard's karaoke locations into Koshidaka Group operations.
• Chubu Electric Power Mirai (中部電力ミライズ)minorOthers · 22 July 2025Off-site PPA (Power Purchase Agreement) service contract for renewable energy supply to Koshidaka stores, supporting the company's renewable energy transition goals.
• Pairs (恋愛・婚姻マッチングプラットフォーム)minorGTM or Marketing Partner · 2 April 2025Business partnership with Eureka (operator of Pairs dating app) to create real-world matchmaking event opportunities at Manekineko locations, combining online dating with offline karaoke experiences. Partnership announced April 2, 2025.
• Pan Pacific International Holdings (PPIH)minorGTM or Marketing Partner · 1 April 2025Business alliance agreement signed April 1, 2025, for mutually beneficial commercial cooperation between the two companies.
• Tō (刀)minorStrategic or Co-development Partner · 1 April 2025Knowledge licensing partnership for karaoke-related content and operational expertise.
• Regional Renewable Energy Providers (中国エリア)minorOthers · 25 March 2025Renewable energy supply partnerships for 11 Manekineko stores in the Chugoku region using battery storage and solar-generated power.
• Philippines SubsidiarycoreOthers · 18 February 2025Established a new subsidiary in the Philippines in February 2025. First Manekineko store in the Philippines announced July 14, 2026.
• NTT Conculate (NTTコノキュー)coreTechnology or Integration · 17 June 2024Co-developed and officially launched a virtual character karaoke service (バーチャutarキャラクターになって歌って撮れるカラオケサービス) on June 17, 2024, allowing users to become virtual characters and sing, record, and share. Initially trialed October 2023.
• Onga's Partnership (，声音娯楽時間エンターテインメント)minorStrategic or Co-development Partner · 14 June 2024Joint research partnership with sound entertainment company Onga's to develop next-generation karaoke room experiences.
• HotlandminorStrategic or Co-development Partner · 7 December 2023Business and capital alliance with Hotland Group, operator of Gindako (銀だこ). Koshidaka operates Gindako Highball tavern format as a franchisee.
• Time LoopercoreStrategic or Co-development Partner · 8 March 2023Joint development of Metacara (メタカラ), a new immersive karaoke experience combining karaoke with virtual reality-style content. Partnership announced March 8, 2023.
• MiximinorStrategic or Co-development Partner · 2 November 2021Joint development of KARASTA ONEREC new karaoke service with Mixi, announced November 2021.

Scale indicators12 records

Recent moves16 records

Expansion highlights6 records

Broad incumbents

• Round One Corporation: Round One operates multi-entertainment complexes (bowling, karaoke, arcade, sports) in Japan and internationally, overlapping with Koshidaka in the karaoke segment but as part of a broader entertainment portfolio rather than a karaoke specialist.
• JOYSOUND (Xing/Tamura): JOYSOUND is a leading karaoke content/system provider (DAM/Xing ecosystem) whose karaoke machines are installed in many competitor venues; comparable to Koshidaka's proprietary Sukitto system and E-bo platform.

Direct peers

• Pasela Resorts: Pasela operates multiple karaoke brands (Pasela, Pasela Resorts, Karaoke Ban) across Japan, directly competing with Manekineko and One Kara in the private karaoke room segment with premium positioning.
• Time Plaza (Aoyama): Time Plaza operates karaoke and entertainment venues in Japan under similar private-room formats to Manekineko, targeting comparable group/family entertainment occasions.
• Daiichikosho: Japan's largest karaoke machine manufacturer and operator of the Big Echo karaoke chain, which is Koshidaka's most direct domestic competitor with a comparable multi-store karaoke box format and similar F&B service model.
• Karaoke Utagoe Kissa: Smaller Japanese karaoke chain directly competing with Manekineko in the private-room karaoke box category, serving similar consumer and corporate segments across Japan.
• Party People Co., Ltd. Operates karaoke venues including Party World and similar private-room karaoke brands in Japan, directly comparable to Koshidaka's Manekineko in format, pricing, and target customer.
• Big Echo (Daiichikosho subsidiary): Big Echo is the #1 or #2 karaoke chain brand in Japan by store count, directly competing with Manekineko in the same private-room karaoke box category with nationwide store presence and similar pricing model.

Others

• Curves Holdings: Former Koshidaka subsidiary that was spun off via Japan's first domestic spin-off IPO in 2020. While now independent and operating in the women's fitness segment, the historical relationship and shared corporate lineage make it a relevant comparable for understanding Koshidaka's portfolio strategy.
• Mixi: Japanese internet company that partnered with Koshidaka to develop KARASTA ONEREC karaoke service. Comparable as a Japanese digital entertainment platform peer intersecting with Koshidaka's E-bo open platform strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/koshidaka-holdings-co-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

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

M&A2 records

Investments3 records

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

Frequently asked questions about KOSHIDAKA HOLDINGS