Political, Economic and Social Changes in Overseas Markets
First written in FY2016. 6 of 11 entries say "Worsened", first in FY2020. Latest entry: FY2026-H1.
Kura Sushi moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
78 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the six-month interim consolidated accounting period from 1 November 2025 to 30 April 2026, Japan's economy showed improvements in employment and income conditions, among other areas. However, the outlook remained uncertain due to heightened geopolitical risks, including the situation in the Middle East.」
The Company continues to disclose uncertainty regarding the outlook for overseas and domestic economies due to geopolitical risks, including the situation in the Middle East. - 2026-03-13WorsenedEarnings
「Existing-store sales declined 2.5% due to the impact of weakening consumer spending across the United States.」
Weakening consumer spending across the United States has emerged as a decline in existing-store sales. - FY2025-H1WorsenedAnnual report
「The economic outlook remains uncertain due to continuing geopolitical instability, including the prolonged situations in Europe and the Middle East, unstable foreign exchange movements, policy developments such as slowing consumption and trade policy under the new US administration, and stagnation in China’s real estate market.」
Regarding the overseas business environment, the Company discloses specific sources of uncertainty, including U.S. trade policy, China's real estate market, and conditions in Europe and the Middle East, in addition to the previously disclosed risks from political, economic and social changes. - FY2024WorsenedAnnual report
「The U.S. subsidiary, Kura Sushi USA, Inc., operates 64 stores as of the end of the consolidated fiscal year. The Group's Taiwanese subsidiary and second overseas base, 亞洲藏壽司股份有限公司, operates 58 stores. In addition, the Group opened its first store in mainland China in June 2023 as its third overseas base, bringing the total number of stores in mainland China to 3 as of the end of the consolidated fiscal year.」
The Group's overseas operations have expanded to 64 stores in the United States, 58 stores in Taiwan and 3 stores in mainland China, further broadening the scope of overseas operations exposed to political, economic and social changes. - FY2023MaterialisedAnnual report
「The impact on sales and other areas of China's suspension of imports of Japanese seafood following the release of treated water from the Fukushima Daiichi Nuclear Power Station, as well as opposition from public opinion in China, is currently beginning to ease. Nevertheless, we will continue to closely and cautiously monitor developments.」
Regarding political and social factors in the Group's overseas markets, China's suspension of imports of Japanese seafood and opposition from public opinion in China have actually occurred, and their impact on sales and other areas has been disclosed. - FY2022WorsenedAnnual report
「Our Group aims to become a company that contributes to the happiness of people around the world through sushi, a representative element of Japanese food culture. To advance its overseas strategy, the U.S. subsidiary, Kura Sushi USA, Inc., operates 40 stores as of the end of the consolidated fiscal year. The Group's Taiwanese subsidiary and second overseas base, 亞洲藏壽司股份有限公司, operates 48 stores.」
The scale of the Group's overseas operations has expanded to 40 stores in the United States and 48 stores in Taiwan, further broadening the scope of overseas operations exposed to political, economic and social changes. - FY2021WorsenedAnnual report
「Our Group aims to become a company that contributes to the happiness of people around the world through sushi, a representative element of Japanese food culture. To advance its overseas strategy, the U.S. subsidiary, Kura Sushi USA, Inc., operates 32 stores as of the end of the consolidated fiscal year. The Group's Taiwanese subsidiary and second overseas base, 亞洲藏壽司股份有限公司, operates 40 stores.」
The scale of the Group's overseas operations has expanded to 32 stores in the United States and 40 stores in Taiwan, broadening the scope of overseas operations exposed to political, economic and social changes. - FY2020WorsenedAnnual report
「Our Group aims to become a company that contributes to the happiness of people around the world through sushi, a representative element of Japanese food culture. To advance its overseas strategy, the U.S. subsidiary, Kura Sushi USA,Inc., operates 25 stores as of the end of the consolidated fiscal year. The Group's Taiwanese subsidiary and second overseas base, 亞洲藏壽司股份有限公司, operates 29 stores. Although the Group will continue to conduct thorough market research in both countries, including selecting candidate locations and carefully reviewing relevant laws and regulations, to ensure the successful development of a multi-store network, unexpected events such as political, economic or social changes in countries where it operates could cause problems with the relevant business activities, potentially adversely affecting our Group's operating results and financial condition.」
The Group's overseas operations have expanded to 25 stores in the United States and 29 stores in Taiwan, increasing the scale of overseas operations exposed to political, economic and social changes. - FY2019RestatedAnnual report
「The Group operates 23 stores as of the end of the consolidated fiscal year. Its Taiwanese subsidiary and second overseas base, 亞洲藏壽司股份有限公司, operates 20 stores. Although the Group will continue to conduct thorough market research in both countries, including selecting candidate locations and carefully reviewing relevant laws and regulations, to ensure the successful development of a multi-store network, unexpected events such as political, economic or social changes in countries where it operates could cause problems with the relevant business activities, potentially adversely affecting our Group's operating results and financial condition.」
While the Group's overseas operations have expanded to 23 stores in the United States and 20 stores in Taiwan, the risk of political, economic and social changes in the countries where it operates continues to be disclosed. - FY2017RestatedAnnual report
「The U.S. subsidiary, Kura Sushi USA,Inc., operates 14 stores as of the end of the consolidated fiscal year. The Group's second overseas base, 台灣國際藏壽司股份有限公司, operates 9 stores. Although the Group will continue to conduct thorough market research in both countries, including selecting candidate locations and carefully reviewing relevant laws and regulations, to ensure the successful development of a multi-store network, unexpected events such as political, economic or social changes in countries where it operates could cause problems with the relevant business activities, potentially adversely affecting our Group's operating results and financial condition.」
While the number of overseas stores and the policy of developing a multi-store network continue to increase, the risk of political, economic and social changes in the countries where the Group operates continues to be disclosed. - FY2016First statedAnnual report
「If unexpected events, such as political, economic or social changes, cause problems with the operations of the business in a country where it operates, this could adversely affect our Group's operating results and financial condition.」
In connection with its overseas operations at 11 stores in the United States and 5 stores in Taiwan, the Company identifies unexpected political, economic and social changes in the countries where it operates as overseas business risks.