Worth reading
66In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
797
¥ million (reduction from the previous full-year sales forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter (interim period) of the fiscal year ending February 20278 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥7,069 million+109.8%
Operating profit¥157 million+163.6%
Ordinary income¥168 million+132.3%
Net income¥382 million+318.1%
Operating profit margin
Rate2.2%
Full-year earnings forecast
Net Sales
¥14,649 million
Operating profit
¥341 million
Ordinary income
¥385 million
Profit attributable to owners of the parent
¥536 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Shortfalls and outperformance against plan coexist for sales, operating income and interim net income attributable to owners of the parentAssumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- XEX Group second-half same-store sales102% of previous year
- Casual restaurant group second-half same-store sales105% year on year
- New store openings in the second half3 company-operated stores
New initiatives
- Making 株式会社山の上ホテル (now 株式会社てんぷら山の上) a subsidiary
- Renovation investment in existing stores
- Strengthening partnerships with luxury hotel concierges and travel agencies
- Strengthening the rollout of Japanese cuisine formats and pursuing M&A and partnerships with external advisors
- Nationwide rollout of app-based takeout ordering
- Renovation of the 17th-floor terrace at CÉ LA VI TOKYO and installation of a large LED screen
Key KPIsA metric the company considers important as a management benchmark.
- Same-store sales (total)104%
- Sales per labor hour (XEX)¥6,489 per labor hourYear on year against the same period last year104%
- Sales per labor hour (casual)¥5,626 per labor hourYear on year against the same period last year105%
- Food cost ratio26.0%
- Average hourly wageUp 4% year on yearYear on year against the same period last yearUp 4% year on year
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Existing stores total
Number of Customers102%
Average Spend per Customer102%
XEX group
Number of Customers98%
Average Spend per Customer103%
Casual restaurant group
Number of Customers103%
Average Spend per Customer102%
Segment results
XEX group
Year-on-year change in existing-store sales99%
Year-on-year customer count98%
Year-on-year average spend per customer103%
Casual restaurant group
Year-on-year change in existing-store sales106%
Year-on-year customer count103%
Year-on-year average spend per customer102%
Number of stores and locations
Number of store openings and closures during the periodThe opening of 3 new company-operated stores is factored into the second half
Capital expenditures
¥230 millions purchases of property, plant and equipment
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter (interim period) of the fiscal year ending February 2027 |
| Net Sales | ¥7,069 million (YoY +109.8%) |
| Operating profit | ¥157 million (YoY +163.6%) |
| Ordinary income | ¥168 million (YoY +132.3%) |
| Net income | ¥382 million (YoY +318.1%) |
| Operating profit margin | Rate 2.2% / Year-on-year change (points) Not disclosed |
| Full-year earnings forecast | Net Sales ¥14,649 million / Operating profit ¥341 million / Ordinary income ¥385 million / Profit attributable to owners of the parent ¥536 million |
| Self-assessment against the plan | Shortfalls and outperformance against plan coexist for sales, operating income and interim net income attributable to owners of the parent |
| Segment results | XEX group Year-on-year change in existing-store sales 99% / Year-on-year customer count 98% / Year-on-year average spend per customer 103% / Casual restaurant group Year-on-year change in existing-store sales 106% / Year-on-year customer count 103% / Year-on-year average spend per customer 102% |
| Key KPIs | Indicator name Same-store sales (total) / Value 104%, Indicator name Sales per labor hour (XEX) / Value ¥6,489 per labor hour / Year on year against the same period last year 104%, Indicator name Sales per labor hour (casual) / Value ¥5,626 per labor hour / Year on year against the same period last year 105%, Indicator name Food cost ratio / Value 26.0% / Year on year against the same period last year Not disclosed, Indicator name Average hourly wage / Value Up 4% year on year / Year on year against the same period last year Up 4% year on year |
| Unit price and quantity metrics | Existing stores total Number of Customers 102% / Average Spend per Customer 102% / XEX group Number of Customers 98% / Average Spend per Customer 103% / Casual restaurant group Number of Customers 103% / Average Spend per Customer 102% |
| Number of stores and locations | Number at period-end Not disclosed / Number of store openings and closures during the period The opening of 3 new company-operated stores is factored into the second half |
| Assumptions Underlying the Business Outlook | Item XEX Group second-half same-store sales / Value 102% of previous year, Item Casual restaurant group second-half same-store sales / Value 105% year on year, Item New store openings in the second half / Value 3 company-operated stores |
| Capital expenditures | ¥230 millions (purchases of property, plant and equipment) |
| New initiatives | Making 株式会社山の上ホテル (now 株式会社てんぷら山の上) a subsidiary, Renovation investment in existing stores, Strengthening partnerships with luxury hotel concierges and travel agencies, Strengthening the rollout of Japanese cuisine formats and pursuing M&A and partnerships with external advisors, Nationwide rollout of app-based takeout ordering, Renovation of the 17th-floor terrace at CÉ LA VI TOKYO and installation of a large LED screen |
Items this document does not state (15)
Gross Profit MarginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastBreakdown of Factors Affecting the ChangeNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A
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 shortfall against the interim-period plan was attributed to weaker corporate demand and consumer sentiment due to natural disasters and other factors, as well as weak sales at the XEX Group. The outperformance of net income against the plan was due to a gain on negative goodwill arising from making 株式会社山の上ホテル a consolidated subsidiary. The full-year plan assumes second-half same-store sales growth, higher average spending per customer, cost reductions, improved productivity and the opening of 3 new stores.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.