Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&AFiscal year ended February 20267 items taken from the company’s own explanation
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Operating profit below plan; net income varied from the revised planKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
Reasons for the delayed earnings recovery and assumptions underlying the current fiscal year’s budget, same-store sales, dual-brand signage and Unlimited Rice, dynamic pricing, M&A, talent development and organizational integration, inbound tourism, shareholder benefits and dividends, and share price and corporate valueAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Existing stores assumed to remain below the prior-year level; emphasis on profit contributions from new store openingsNew initiatives
壱角家 (Ichikakuya) Unlimited Rice campaign, two-brand signage at one location, dynamic pricing, consideration of introducing automated cooking equipment, use of social media and the company’s proprietary brand app, refreshed signage for inbound tourists, cashless payments at all stores, and expansion of the shareholder benefit programKey KPIsA metric the company considers important as a management benchmark.
Same-store sales below 100% year on year; customer traffic below the prior-year level; average spend per customer not disclosedUnit price and quantity metricsThese figures show sales broken down by price and volume.
Customer traffic × average spend per customerPayout ratio
Aiming for a payout ratio of 40%, considered appropriate, from the current level, which is well above 40%| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Fiscal year ended February 2026 |
| Self-assessment against the plan | Operating profit below plan; net income varied from the revised plan |
| Key KPIs | Same-store sales below 100% year on year; customer traffic below the prior-year level; average spend per customer not disclosed |
| Unit price and quantity metrics | Customer traffic × average spend per customer |
| Assumptions Underlying the Business Outlook | Existing stores assumed to remain below the prior-year level; emphasis on profit contributions from new store openings |
| Payout ratio | Aiming for a payout ratio of 40%, considered appropriate, from the current level, which is well above 40% |
| Key points of the Q&A | Reasons for the delayed earnings recovery and assumptions underlying the current fiscal year’s budget, same-store sales, dual-brand signage and Unlimited Rice, dynamic pricing, M&A, talent development and organizational integration, inbound tourism, shareholder benefits and dividends, and share price and corporate value |
| New initiatives | 壱角家 (Ichikakuya) Unlimited Rice campaign, two-brand signage at one location, dynamic pricing, consideration of introducing automated cooking equipment, use of social media and the company’s proprietary brand app, refreshed signage for inbound tourists, cashless payments at all stores, and expansion of the shareholder benefit program |
Items this document does not state (22)
Net SalesOperating profitOrdinary incomeNet incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterFull-year earnings forecastProgress against full-year forecastSegment resultsBreakdown of Factors Affecting the ChangeNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The company cited sluggish customer traffic following the 2024 price revisions, intensifying competition from other business formats in prime locations near train stations, and delays in responding to external conditions as the main reasons for the delayed earnings recovery and same-store sales falling below the prior-year level. It also explained that the main reason for the variance between net income and the plan was the recognition of impairment losses on a conservative basis following discussions with the audit firm.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.