Developing New Business Formats and Improving Overseas Business Profitability

「Under “Development of New Formats and Businesses to Accelerate Growth,” we promoted the rollout of the yakiniku fast-casual format “Yakitateno Karubi” to develop a new earnings pillar following our core brands. We also opened the third store of the suburban roadside café-and-shop format “Kajitsu-ya Coffee” in July 2025 and the first store of the suburban roadside full-service udon format “Niku Sanuki Mocchiri Udon Genjiro” in May 2026. Overseas, in addition to our operations in China, Indonesia and Hong Kong, we newly established a subsidiary in Hong Kong.」

「Under “Development of New Formats and New Businesses to Accelerate Growth,” we promoted the rollout of the yakiniku fast-casual format 焼きたてのかるび to cultivate a new earnings pillar following our core brands, and opened the third 果実屋珈琲 suburban roadside café and shop in July 2025. Under “Expansion of the Overseas Business,” we designated Greater China, Southeast Asia and North America as priority regions, actively opened restaurants under the hamburger specialist brand 肉肉大米 in China, and made our first entry into Singapore in August 2025. In the same month, we opened the first overseas 焼肉きんぐ restaurant in the Philippines. We are also proceeding with expansion into new regions, including Thailand.」

「In our overseas business, in addition to expanding operations in China, Indonesia and Hong Kong, we are newly preparing to expand into Taiwan.」

「As part of our efforts to develop new formats, we are cultivating each format, focusing on the aggressive opening of 焼きたてのかるび restaurants. In our overseas business, in addition to expanding operations in China and Indonesia, we newly established a subsidiary in Hong Kong.」

「During the first nine months of the fiscal year, Yakitate no Karubi opened 10 stores, all company-operated, and Noko Chuka Soba Gyoza Marufuku opened 1 company-operated store. As a result, the specialty-store segment had 27 stores at the end of the third quarter, all company-operated.」

「In its efforts to develop new formats, the company continued nurturing its various formats, centered on actively opening Yakitate no Karubi stores in Japan. In December 2023, it opened the second store of the suburban ramen format Noko Chuka Soba Gyoza Marufuku. Overseas, the company is expanding its operations in China and Indonesia, and in November 2023 opened the fifth Niku Niku Da米 store, a hamburger specialty restaurant, in Shenzhen, China.」

「During the first three months of the fiscal year, Yakitate no Karubi opened 1 company-operated store.」

「In its efforts to develop new formats, the company continued nurturing Yakitate no Karubi, Jukusei Shoyu Ramen Kyabeton and Gyutan Daisuki Yakiniku Happyi. In June 2023, it opened the new suburban ramen format Noko Chuka Soba Gyoza Marufuku and its first suburban café and shop format, Kajitsu-ya Coffee. In its overseas business, it also opened the two new formats Niku Niku Da米 and Korean Yakiniku Zhu Zhu Zhu in Shanghai, China, and launched operations in Indonesia.」

「In its efforts to develop new formats, the company continued nurturing Yakitate no Karubi, Jukusei Shoyu Ramen Kyabeton and Gyutan Daisuki Yakiniku Happyi, and opened two new formats, Niku Niku Da米 and Korean Yakiniku Zhu Zhu Zhu, in Shanghai, China. It also built a foundation for medium- to long-term growth through recruitment, education and training to develop employee capabilities, certification as a Certified Health and Productivity Management Outstanding Organization (large enterprise category), the promotion of IT adoption and the strengthening of its overseas business. In addition, for the purpose of expanding its business in Indonesia, the company decided to enter into a share transfer agreement and a joint venture agreement with PT. Agrapana Niaga Gemilang.」

「In its efforts to develop new formats, the company continued nurturing Jukusei Shoyu Ramen Kyabeton, Gyutan Daisuki Yakiniku Happyi and Yakitate no Karubi, and newly opened the fast-casual format Niku Niku Da米 in Shanghai, China. It also built a foundation for medium- to long-term growth through recruitment, education and training to develop employee capabilities, the promotion of IT adoption and the strengthening of its overseas business. In November 2022, the company decided to acquire shares in PT. Agrapana Niaga Gemilang and establish a joint venture for business expansion in Indonesia.」

「In its efforts to develop new formats, the company continued nurturing Jukusei Shoyu Ramen Kyabeton, Gyutan Daisuki Yakiniku Happyi and Yakitate no Karubi.」

「The company opened its first fast-casual restaurant, Yakitate no Karubi, in August 2021, followed by its second store in March 2022.」

「During the first nine months of the fiscal year, Gyutan Daisuki Yakiniku Happyi opened 1 company-operated store, and Yakitate no Karubi opened 1 company-operated store.」

「In its efforts to develop new formats, the company continued nurturing Jukusei Shoyu Ramen Kyabeton, Gyutan Daisuki Yakiniku Happyi and Yakiniku Karubi to Harami, and in August 2021 opened its first fast-casual restaurant, Yakitate no Karubi.」

「In developing new formats, the company continued nurturing formats centered on Jukusei Shoyu Ramen Kyabeton and Gyutan Daisuki Yakiniku Happyi, and in April 2021 developed Yakiniku Karubi to Harami.」

「During the first nine months of the fiscal year, Jukusei Shoyu Ramen Kyabeton opened 1 company-operated store.」

「During the first nine months of the fiscal year, Yakiniku King opened 10 stores (8 company-operated and 2 franchise). Marugen Ramen opened 5 stores (3 company-operated and 2 franchise), and Kyabeton Ramen opened 1 company-operated store. Sushi and Shabu-Shabu Yuzu-an opened 6 stores (5 company-operated and 1 franchise). Gyutan Daisuki Yakiniku Happyi opened 1 company-operated store.」

「During the first six months of the fiscal year, Yakiniku King opened 5 stores (3 company-operated and 2 franchise). As a result, the yakiniku segment had 253 stores at the end of the first quarter (152 company-operated and 101 franchise).」

「During the consolidated fiscal year, Jukusei Shoyu Kyabeton opened 1 company-operated store. During the consolidated fiscal year, Jukusei Yakiniku Nikugen also opened 1 company-operated store.」

「Yakiniku King opened 12 stores (9 company-operated and 3 franchise), and Jukusei Yakiniku Nikugen opened 1 company-operated store. Marugen Ramen opened 8 company-operated stores, and Kyabeton Ramen opened 1 company-operated store.」

「Kyabeton Ramen opened 1 store, which was company-operated.」

「The company also continued developing and nurturing new formats, including Kyabeton Ramen, Jukusei Yakiniku Nikugen and Gyutan Daisuki Yakiniku Happyi. It also continued building a foundation for medium- to long-term growth by strengthening recruitment and training and reinforcing its overseas business.」

「The company continued developing and nurturing the new formats Kyabeton Ramen and Gyutan Daisuki Yakiniku Happyi, and in April 2019 opened a factory in Komaki, Aichi Prefecture, called Monogatari Food Lab to produce liquid seasonings in-house.」

「Kyabeton Ramen opened 2 stores, both company-operated.」

「We have also worked to establish a foundation for medium- to long-term growth by developing new business formats, strengthening recruitment and training, and reviewing our logistics structure, while implementing organizational reforms to facilitate generational transition and further strengthen our business execution structure.」

「We have also worked to establish a foundation for medium- to long-term growth by developing new business formats, strengthening recruitment and training, and reviewing our logistics structure, while implementing organizational reforms to facilitate generational transition and further strengthen our business execution structure.」

「The company continued developing and nurturing Kyabeton Ramen and Ningyocho Gen no Ya, while also placing greater emphasis on recruiting and training personnel as it worked to build an organization capable of achieving medium- to long-term growth.」

「The company continued developing new store formats for Yakiniku King and Sushi and Shabu-Shabu Yuzu-an, developing Kyabeton Ramen as a new suburban format targeting medium- and small-sized trading areas, and placing greater emphasis on recruiting and training personnel as it worked to build an organization capable of achieving medium- to long-term growth.」

「The company also developed a new suburban format targeting medium- and small-sized trading areas, Kyabeton Ramen, and opened its first store in Toyohashi, Aichi Prefecture, in July 2017.」

「The company also developed a new suburban format targeting medium- and small-sized trading areas, Kyabeton Ramen, and opened its first store in Toyohashi, Aichi Prefecture, in July 2017.」

「In March 2017, the company renovated Ningyocho Gen no Ya.」

「The company converted 1 existing store to a new format.」

「The company also focused on developing the new format Jukusei Yakiniku Nikugen, developing its first small-format hormone specialty restaurant in a busy urban district, Amiyaki Hormone Gen no Ya, which opened in February 2016, and improving the profitability of its overseas operations. It pursued measures to build a stable foundation for medium- to long-term growth.」