Expansion of Store-Opening Areas and Store Network in the Retail Business

「The company operates 138 directly operated stores, including overseas locations, a decrease of 17 stores from the end of the previous consolidated fiscal year. Of these, 10 stores were lost as a result of the transfer of all shares in the consolidated subsidiary 株式会社リアルテイスト to 株式会社FS.shake.」

「The company operates 141 directly operated stores, including overseas locations, a decrease of 16 stores from the same period of the previous year, comprising a decrease of 10 stores due to the sale of 株式会社リアルテイスト and 6 due to closures.」

「Sales recovered as customer numbers continued to increase on the recovery in domestic demand for dining out and the expansion of inbound demand. To respond to changes in the consumption environment, the company opened 4 new stores and changed the format of 4 stores to rebuild its brand portfolio. Although temporary expenses increased as a result, consolidated operating profit and interim net income attributable to owners of the parent were both positive during the current interim consolidated accounting period.」

「To further expand its store network and earnings base, the company made capital expenditures of ¥380.484 million, primarily for new store openings.」

「Although same-store sales have recovered significantly as domestic consumption has entered a recovery trend and inbound demand has increased, the company withdrew from some less profitable stores. During the current third-quarter consolidated cumulative period, it opened 1 new directly operated store, renovated 2 stores and closed 12. As a result, as of 31 December 2023, the store count was 168, comprising 148 domestic stores and 20 overseas stores.」

「We operate more than 40 brands across 160 stores in Japan and 19 overseas stores.」

「As producer-operated stores, we can directly communicate the safety, affordability and high quality of our products. In addition, our distinctive promotional methods, which pursue customer delight and satisfaction at our sales outlets, enhance the value we provide to consumers.」

「Regarding the number of stores, including overseas locations, the company opened 8 new stores, changed the format of 2 and closed 28 as it proceeded with the closure of unprofitable stores. The number of directly operated stores at the end of the consolidated fiscal year was 197.」

「The number of domestic restaurants in the third quarter decreased by 3 to 185 at the end of the quarter. However, management launched a company-wide project involving its full participation to maximise sales during the busy season, and promoted improvements in store operations and service. As a result, sales in the sales business were broadly flat.」

「Although the number of domestic restaurants decreased by 7 to 182 at the end of the second quarter, same-store sales remained firm through more efficient allocation of human resources. In addition, sales from new stores, including those resulting from business integrations, increased, resulting in a slight increase overall.」

「Sales at all stores during the current first-quarter consolidated cumulative period were 102.9% of the prior-year period. Although the number of stores decreased by 3 to 189 at the end of the first quarter as unprofitable stores were reviewed, same-store sales remained firm due to more efficient allocation of human resources. In addition, sales from new stores, including those resulting from business integrations, increased, resulting in a slight increase overall.」

「Regarding store openings, the company prioritised improving the profitability of existing stores as planned, resulting in new openings being limited to 6 stores. In addition, to implement fundamental structural reforms, the company reviewed or decided to close unprofitable stores in Japan and overseas, recording an impairment loss of ¥1,398 million.」

「Sales at all stores during the current third-quarter consolidated cumulative period were 92.8% of the prior-year period. This reflected a year-on-year decrease of 10 domestic restaurants, to 188 at the end of the third quarter, as well as lower same-store sales, resulting in a decline in sales in the sales business.」

「Sales at all stores during the current second-quarter cumulative period were 89.9% of the prior-year period. This reflected a year-on-year decrease of 9 domestic restaurants, to 189 at the end of the second quarter, as well as lower same-store sales, resulting in a decline in sales in the sales business.」

「Sales at all stores during the current first-quarter consolidated cumulative period were 91.7% of the prior-year period. This reflected a year-on-year decrease of 4 domestic restaurants, to 209 at the end of the first quarter, as well as lower same-store sales, resulting in a decline in sales in the sales business overall.」

「Regarding store openings, the company prioritised improving the profitability of existing stores as planned, resulting in the number of new openings being kept to approximately 10.」

「The Group did not open any new stores during the quarter.」

「The company opened 9 new stores, closed 2 and changed the format of 1, bringing the number of directly operated stores to 215 at the end of the second quarter.」

「Meanwhile, the company continues to open restaurants in Japan and overseas and plans to continue increasing their number. It opened 7 new stores and closed 2 stores, bringing the number of directly operated stores to 213 at the end of the first quarter.」

「During the consolidated fiscal year, the company restricted openings in Japan, opening only 9 stores under the Tsukada Nojo brand and 4 stores in seafood formats, including the Yonnahachiba brand. As a result, the number of directly operated stores at the end of the consolidated fiscal year was 208, including 15 overseas stores.」

「During the third-quarter consolidated accounting period, the company restricted openings in Japan, opening only 1 store under the Tsukada Nojo brand and 2 stores under the Yonnahachiba brand. As a result, the number of directly operated stores at the end of the period was 205, including 12 overseas stores.」

「Regarding new store openings, the company reduced the number of domestic openings from the second quarter onward and has been making decisions on format changes and refurbishments as appropriate in response to changes in market conditions. The total number of Group restaurants in Japan is 189. As the formats launched overseas and in Singapore for commercial facilities have been performing well, the company expanded its overseas opening area to China, bringing the overseas store count to 11.」

「During the current first-quarter consolidated cumulative period, 11 new stores were opened, 2 stores changed format and 1 store was closed, bringing the number of directly operated stores to 199 at the end of the period.」

「Going forward, we will step up openings in regional cities outside the Kanto region, while expanding primarily into Southeast Asia and North America.」