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", "COUCOU", "BINCHO", and "KIWAMIYA".In addition, the Company also provides delivery and catering services.
| 9M25 | 9M24 | 2024 | 2023 |
|---|
| Revenues | 1,384.10 | 975.53 | 1,378.23 | 1,045.81 |
| Expenses | 1,230.21 | 874.55 | 1,225.49 | 935.91 |
| Net Profit (Loss) | 102.73 | 62.37 | 96.64 | 72.48 |
| Assets | 1,691.11 | 1,287.91 | 1,391.94 | 814.36 |
| Liabilities | 1,005.07 | 668.20 | 739.33 | 547.29 |
| Shareholders' Equity | 686.04 | 619.71 | 652.62 | 267.07 |
| Operating | 271.65 | 183.57 | 268.58 | 179.39 |
| Investing | -234.32 | -268.66 | -318.79 | -125.99 |
| Financing | -152.72 | 233.11 | 211.32 | -157.23 |
| EPS (Baht) | 0.82 | 0.55 | 0.82 | 0.69 |
| GP Margin (%) | 48.00 | 45.20 | 45.87 | 45.17 |
| NP Margin (%) | 7.40 | 6.39 | 7.01 | 6.93 |
| D/E Ratio (x) | 1.47 | 1.08 | 1.13 | 2.05 |
| ROE (%) | 20.98 | 13.01 | 21.02 | 27.14 |
| ROA (%) | 14.26 | 10.02 | 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.
- Restaurants under the Maguro Group network Total 49 branches (as of September 30, 2025) and continues to expand.
- In Q3 2025, the company launched 2 new brands: Kiwamiya and Bincho. to diversify its portfolio and enhance growth potential under a multi-brand business model
- In Q3 2025, the company generated revenue and net profit at an all-time high reflecting strong growth from continuous revenue expansion through new branch openings and efficient cost control.
- Revenue from sales and services for the first 9 months of 2025 amounted to 1,384.1 million Baht, an increase of 410.4 million Baht, or 42.2 percent. Compared to the same period last year, the main reason was the continuous expansion of branches of the group's key brands, as well as the launch of new brands that began generating additional revenue during this period, which supported overall sales growth.
- Net profit for the first 9 months of 2025 was 102.7 million Baht. an increase of 40.4 million Baht, or 64.7 percent. Compared to the same period last year, supported by revenue growth from the opening of new branches across several key brands, coupled with more efficient management of gross profit margins and selling and administrative expenses, resulting in a significant improvement in overall operating performance.
- On July 9, 2025, the Company opened its first Bincho Japanese restaurant at Mega Bangna, utilizing the concept of “Washoku for now” to serve traditional Japanese cuisine, particularly grilling with Bincho-tan charcoal and set menus featuring carefully selected ingredients.
- On September 4, 2025, the Company opened its first Kiwamiya restaurant at Central Park Dusit, a brand offering authentic Japanese-style hamburg and wagyu from Fukuoka, distinguished by its semi-cooked hamburg served with a hot plate grilling experience. Additionally, Hitori Shabu and Maguro Kappo restaurants were opened at the same location, totaling three establishments under the Maguro group.
- During the first 9 months of 2025, the Company expanded by an additional 11 branches, resulting in a total of 49 branches as of the end of September 2025.
- Industry competition. Maintain store standards, focus on food and service quality, prioritize raw material quality, and develop menus tailored to each sales channel.
- Cost fluctuations and raw material shortages. Estimate raw material usage and costs in line with demand, place advance orders—especially for items with rising prices—and assign a team to regularly survey and source alternative suppliers.
- Risk of securing rental space for expansion or renewals. Renew existing branch rental agreements at least 6 months before expiration, and negotiate with landlords in advance to secure long-term commitments for new branch leases.
- Received an award 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
- The company received a "Very Good" (4-star) CGR score from IOD, reflecting transparent and efficient corporate governance.
| as of 30/09/25 | MAGURO | AGRO | mai |
|---|---|---|---|
| P/E (X) | 22.11 | 21.89 | 72.21 |
| P/BV (X) | 4.17 | 2.22 | 1.27 |
| Dividend yield (%) | 1.33 | 7.16 | 3.64 |
| 30/09/25 | 30/12/24 | - | |
|---|---|---|---|
| Market Cap (MB) | 2,835.00 | 2,532.60 | N/A |
| Price (B/Share) | 22.50 | 20.10 | N/A |
| P/E (X) | 22.11 | 33.27 | N/A |
| P/BV (X) | 4.17 | 4.09 | N/A |
