| Watami Co Ltd | |
| Native Name: | Japanese: ワタミ株式会社 |
| Type: | Kabushiki gaisha |
| Industry: | Food service |
| Foundation: | (start business) (The current company legal person is established) |
| Founder: | Miki Watanabe |
| Location: | 〒144-0043 1-1-3, Haneda Ota City Tokyo Japan |
Watami is a Japanese business group known for its izakaya restaurants.
Miki Watanabe first opened an izakaya restaurant under the Tsubohachi franchise in 1984. In 1986, he established the Watami Co. Ltd. Watanabe then operated the izakaya under the Watami brand name in 1992, with the concept of "family izakaya" instead of "pub izakaya", and converted the Tsubohachi branches under his operation into Watami branches. In 2007, Watami had about 625 outlets under nine izakaya and restaurant brands globally.[1]
Watami is also involved in other businesses such as farming and eldercare. In 2002, it set up Watami Farming to provide its restaurants with organic vegetables at low cost as the market price of organic vegetables were eating into its profit margin. It established its healthcare interest in 2004 and by 2007, Watami ran 25 nursing homes.[2]
Mina Mori, a 26-year-old employee of its namesake restaurant chain, committed suicide[3] two months after joining the company in 2008. Her family lodged a complaint with the Yokosuka Labor Standards Office to seek recognition of the suicide as work-related. When their claim was denied, they appealed it to the Kanagawa Prefectural Labor Bureau, which recognized work-related stress as the cause of the decline of her mental health.[4] [5] In December 2015, Watami reached an out-of-court settlement of 130 million yen with the family, and Watami founder Miki Watanabe apologized.[6] The Watami group has faced criticism as a "black company" for its harsh treatment of employees,[7] and was voted the worst company in Japan to work for in 2012 and 2013.[8]
In 2020, it exited from China due to the COVID-19 pandemic, and returned to the market in 2021.[9] [10]
At the end of 2023, it announced that it would be acquiring Singapore-based Leader Food and two related companies, Leader Food Industries and Premium Seafood Supplies, in its first overseas acquisition for in exchange of 80% stakes in the three companies, to augment its international supply chain.[11]
Watami's restaurant brands include: