Reorganization from Overseas Business to Business Development Business

「Following the discontinuation of the Business Development Business at the end of the previous fiscal year, the segment has not been reported from the first quarter accounting period onward.」

「Accordingly, the Business Development Business segment was discontinued at the end of the fiscal year.」

「For the cumulative third quarter, the segment loss was ¥26 million, compared with a segment loss of ¥17 million in the same period of the previous year.」

「As part of the Business Development Business, 5 years have passed since the joint venture was established with PT INDOFOOD CBP SUKSES MAKMUR TBK, a leading Indonesian integrated food manufacturer. A new location was opened inside AEON JAKARTA GARDEN CITY in eastern Jakarta last October, bringing the number of restaurants operated under the "POPOLAMAMA" brand to 6. The restaurants have been well received by a broad customer base, including families, as casual Italian restaurants rooted in the local market and known for fresh pasta and Neapolitan-style pizza originating in Japan. In addition, sales of mini pizzas began through Indonesia's largest convenience-store chain in November 2016, and the number of test-sales stores has been increasing rapidly, exceeding 150 locations. The company aims to expand the business further while considering opportunities for new business development in the market. For the cumulative second quarter, the segment loss was ¥19 million, compared with a segment loss of ¥10 million in the same period of the previous year.」

「As part of the Business Development Business, the restaurant joint venture established with PT INDOFOOD CBP SUKSES MAKMUR TBK, a leading Indonesian integrated food manufacturer, operates 6 locations. As the casual Italian restaurant "Popolamama," known for fresh pasta and Neapolitan-style pizza originating in Japan, it has been well received by a broad customer base, including families, and is gaining recognition in Jakarta. Customer satisfaction was further improved by adding new menu items, including doria and fried chicken with a Japanese flavor, as well as yakiniku, in response to interest in Japanese food. The company is considering opportunities for new business development to strengthen cooperation with its joint venture partner and aims to expand its business further in Indonesia. For the cumulative first quarter, the segment loss was ¥11 million, compared with a segment loss of ¥4 million in the same period of the previous year.」

「As part of the Business Development Business, 4 years have passed since the joint venture was established with PT INDOFOOD CBP SUKSES MAKMUR TBK, a leading Indonesian integrated food manufacturer. As a restaurant operated under the "POPOLAMAMA" brand, it opened its sixth location in October inside the newly built AEON JAKARTA GARDEN CITY facility in eastern Jakarta.」

「As part of the Business Development Business, the joint venture established with PT Indofood CBP Sukses Makmur TBK, a leading Indonesian integrated food manufacturer, entered its fourth year. The restaurant business operated under the "POPOLAMAMA" brand opened its sixth location in October 2017 inside the AEON Jakarta Garden City facility, newly built in eastern Jakarta.」

「As part of the Business Development Business, the joint venture established with PT Indofood CBP Sukses Makmur TBK, a leading Indonesian integrated food manufacturer, entered its fourth year, and the company has expanded the POPOLAMAMA restaurant business to 5 locations in Jakarta.」

「In Indonesia, PT Indofood Comsa Sukses Makmur, established as a joint venture with PT Indofood CBP Sukses Makmur TBK, operates casual Italian restaurants under the "POPOLAMAMA" brand in Jakarta, offering fresh pasta, Neapolitan-style pizza based on know-how developed by the company, and Japanese-style rice dishes, among other items.」

「As part of the Business Development Business, PT INDOFOOD COMSA SUKSES MAKMUR, established as a joint venture with PT INDOFOOD CBP SUKSES MAKMUR TBK, operates a total of 5 casual Italian restaurants in Jakarta under the "POPOLAMAMA" brand, mainly serving fresh pasta and Neapolitan-style pizza.」

「In Indonesia, PT Indofood Comsa Sukses Makmur, a joint venture with PT Indofood CBP Sukses Makmur TBK, opened its fifth location in June in South Jakarta (the CITOS location) under the "POPOLAMAMA" brand. The location is a casual Italian restaurant primarily serving fresh pasta and pizza made with the company's crust.」

「In Indonesia, PT Indofood Comsa Sukses Makmur, established as a joint venture with PT Indofood CBP Sukses Makmur TBK, operates casual Italian restaurants under the "POPOLAMAMA" brand in Jakarta, mainly offering fresh pasta and pizza made with the company's crust.」

「In Indonesia, PT Indofood Comsa Sukses Makmur, established as a joint venture with PT Indofood CBP Sukses Makmur TBK, operates casual Italian restaurants under the "POPOLAMAMA" brand in Jakarta, mainly offering fresh pasta and pizza made with the company's crust.」

「Effective from the first quarter accounting period, the reportable segment was changed from the former "Overseas Business" to the "Business Development Business," which includes not only the existing overseas business but also new businesses under consideration for commercialization in Japan and overseas.」