The Company engages in a restaurant business, offering food and beverages across the Premium - Mass range, under the brands "MAGURO", "SSAMTHING TOGETHER", "HITORI SHABU", "TONKATSU AOKI", and "COUCOU". In addition, the Company also provides delivery and catering services.
| 3M25 | 3M24 | 2024 | 2023 |
|---|
| Revenues | 415.82 | 297.25 | 1,378.23 | 1,045.81 |
| Expenses | 365.98 | 265.03 | 1,225.49 | 935.91 |
| Net Profit (Loss) | 32.50 | 20.13 | 96.64 | 72.48 |
| Assets | 1,438.57 | 824.15 | 1,391.94 | 814.36 |
| Liabilities | 753.45 | 550.02 | 739.33 | 547.29 |
| Shareholders' Equity | 685.12 | 274.13 | 652.62 | 267.07 |
| Operating | 64.63 | 47.37 | 268.58 | 179.39 |
| Investing | -61.39 | -27.82 | -318.79 | -125.99 |
| Financing | -24.77 | -29.92 | 211.32 | -157.23 |
| EPS (Baht) | 0.26 | 0.19 | 0.82 | 0.69 |
| GP Margin (%) | 48.01 | 45.25 | 45.87 | 45.17 |
| NP Margin (%) | 7.82 | 6.77 | 7.01 | 6.93 |
| D/E Ratio (x) | 1.10 | 2.01 | 1.13 | 2.05 |
| ROE (%) | 22.73 | 27.26 | 21.02 | 27.14 |
| ROA (%) | 15.15 | 13.96 | 13.93 | 13.49 |
The Company places strong emphasis on continuously expanding its restaurant network to meet the growing demand of consumers and to strengthen brand recognition in a sustainable manner. The expansion strategy targets high-potential locations and is complemented by a commitment to enhancing the customer experience across all service channels, including dine-in, food delivery, and off-site catering services.
Furthermore, the Company adheres to the philosophy of “Give More,” a Japanese-inspired value centered on providing more than what is expected. This principle guides the Company's efforts in offering high-quality ingredients, respectful preparation techniques, and attentive service to ensure that every customer enjoys a meaningful, valuable, and fulfilling experience.
The company is committed to operating with social and environmental responsibility throughout its entire value chain. This commitment ensures a balance between business value and the value created for stakeholders. We actively consider the needs and expectations of all stakeholders to effectively manage risks and meet their expectations. This fosters sustainable business growth. To achieve these goals, the company has established a comprehensive sustainable development policy that guides our business operations.
In the first quarter of 2025, the Company opened an additional 2 branches, resulting in a total of 40 branches across all brands as of the end of the quarter. This includes 18 branches under the "MAGURO" brand, 6 branches under "SSAMTHING TOGETHER," 13 branches under "HITORI SHABU," 2 branches under "TONKATSU AOKI," and 1 branch under the "COUCOU" brand.
- Revenue from sales and services in the first quarter of 2025 amounted to 414.9 million baht, an increase of 118.0 million baht, or 39.8% compared to the same period of the previous year. The main driver of this growth was the opening of 14 new branches, including Maguro 4 branches, Hitori Shabu 7 branches, Tonkatsu Aoki 2 branches and CouCou, an all-day dining restaurant, with 1 branch.
- The net profit in the first quarter of 2025 was 32.5 million baht, an increase of 12.4 million baht or 61.5% compared to the same period of the previous year, This growth was driven by the increase in total revenue, a higher proportion of sales from high-margin brands, and efficient cost and expense management.
- On June 5th the company began trading on the stock exchange for the first time.
- On December 20th, 2024, Tonkatsu AOKI, a renowned tonkatsu restaurant from Japan, officially opened its first branch at CentralWorld. The restaurant is highly regarded in Japan as a "senmonten", meaning a specialty restaurant, and is popular among both Japanese locals and foodies worldwide
- On December 25th, 2024, the first branch of CouCou, a Western-style all-day dining restaurant, officially opened at The Flavorhood, Praditmanutham.
- In 2024, the Company expanded its operations by opening 14 new branches, bringing the total number of branches to 38 by year-end.
- Competition in the Restaurant Industry: Maintaining the restaurant’s standards in food quality and service. Creating menus suitable for each sales channel to maintain profitability.
- Cost Fluctuations and Shortages of Main Raw Materials: Preparing estimates for the quantities and costs of raw materials to align with demand. Placing advance orders for raw materials expected to experience a price increase. Formulating a team responsible for consistently surveying and sourcing new suppliers
- Risk of unable to procure rental space to expand new branches and/or renew the lease agreements of the existing branch: The company mitigates this risk by proactively renewing existing branch leases 6 months before expiry. The same approach is taken for securing new locations; the company negotiates lease terms with the landowner to align with its expansion plans.
- Winner awards from GrabFood on March 26, 2025, #GrabThumbsUp Awards 2025:
- HITORI SHABU – Best Shabu and Sukiyaki Restaurant of the Year 2025
- MAGURO Sushi – GrabThumbsUp Awards 2025
| as of 31/03/25 | MAGURO | AGRO | mai |
|---|---|---|---|
| P/E (X) | 22.16 | 21.51 | 37.47 |
| P/BV (X) | 3.28 | 2.38 | 1.22 |
| Dividend yield (%) | 1.76 | 6.64 | 3.80 |
| 31/03/25 | 30/12/24 | - | |
|---|---|---|---|
| Market Cap (MB) | 2,142.00 | 2,532.60 | N/A |
| Price (B/Share) | 17.00 | 20.10 | N/A |
| P/E (X) | 22.16 | 33.27 | N/A |
| P/BV (X) | 3.28 | 4.09 | N/A |