KOURAKUEN HOLDINGS announced on October 27 that it will sign a franchise agreement with Pepper Food Service developing steak shops. The company plans to open the first shop in late December by converting the business style to "Ikinari Steak" of Pepper Food.

Most of the restaurant outlets developed by KOURAKUEN HD are single brand of “KOURAKUEN".

In the restaurant outlets developed by KOURAKUEN HD, most of them are running with a single brand of "KORAKUEN".
Aiming for 1000 shops by the group, the company aims to improve the management efficiency and corporate value by avoiding own competitions within the dominant areas through converting the business style to the rapidly growing "Ikinari Steak".