Multi-Brand Development of Cafés and Dining Restaurants

「During the fiscal year, we made capital expenditures totaling ¥569 million, including security deposits and guarantee deposits. This amount included the opening of 2 new stores and the renovation of 5 stores.」

「Regarding new store openings, we opened Tsubakiya Sabo Omiya and carried out renovation renewals at the Ginza Main Store and Tokyo Opera City store.」

「The Kotegaeshi and Pastakan Group opened Ikebukuro Pastakan, one of the largest stores in our network. Although we had operated at the same facility for 31 years, the new store is approximately 1.5 times larger and opened on the restaurant floor.」

「For new openings, we opened 3 stores: Tsubakiya Coffee Kichijoji Saryo, Tsubakiya Coffee Roastery & Cafe, and Italian Dining DONA Shinjuku Kinokuniya.」

「Regarding openings and closures, customer traffic and sales at Tsubakiya Coffee Kichijoji Saryo, newly opened in May 2024, and Tsubakiya Cafe Kashiwa Takashimaya, expanded and reopened in July, have been progressing steadily. We closed 3 cake retail-only stores during the fiscal year, taking into account the recovery in demand for dine-in service, the effective use of management resources, greater profitability and working conditions. On 1 October, we newly opened Tsubakiya Coffee Roastery & cafe as a facility for promoting the Tsubakiya Coffee brand.」

「The number of stores at fiscal year-end decreased by 1 to 111.」

「We are proceeding with construction of Tsubakiya Coffee Kichijoji Saryo, scheduled to open in May 2024 in the following fiscal year, and have begun construction of Tsubakiya Coffee Roastery, whose nearest station is Sumiyoshi Station on the Toei Shinjuku Line and whose opening date has not yet been determined.」

「For new openings, we opened 3 stores in total: Saryo SiKi Tsubakiya Coffee Queens Isetan Sengawa on Wednesday, 4 October; Kotegaeshi Chiba Sogo on Friday, 6 October; and TSUBAKIYA Jiyugaoka on Friday, 20 October.」

「In response to rising demand for dine-in service, we are opening full-service stores as part of our plan to build a network of 120 stores. In October, we will sequentially open Saryo SIKI TSUBAKIYA Queens Isetan Sengawa, Kotegaeshi Chiba Sogo and TSUBAKIYA Jiyugaoka.」

「The number of stores at fiscal year-end increased by 2 to 112.」

「For new openings, on Thursday, 20 October, we launched Cake and Roasted Coffee Tsubakiya Coffee Omori Tokyu on the first floor of Atre Omori, a commercial facility directly connected to JR Omori Station. This takeout-only store offers a lineup centered on house-made cakes and specialty coffee beans, all roasted in-house, including the store-exclusive Omori Blend and the new Bullman Blend.」

「On 28 July, we announced a medium-term management plan covering the fiscal years ending April 2023 through April 2025. Under our store-opening strategy, we will focus on relocating stores to areas near central Tokyo to accommodate the shift toward shorter commutes in the with-COVID era, granting franchise rights through the split-off model, and expanding our franchise network, with the aim of returning to the pre-COVID total of 120 stores.」

「The total number of stores at fiscal year-end was 110, including 4 new stores and 10 closures. We closed unprofitable stores whose performance had become extremely difficult to recover due to the impact of COVID-19.」

「Regarding new store openings, in line with our plan to relocate stores from central Tokyo to the suburbs, we opened Ginza Wakan Tsubakiya Coffee Tama-Plaza (62 seats) at Tokyu Department Store Tama-Plaza on Friday, 25 February. We are also expanding Tsubakiya Coffee Shinjuku Saryo, our largest flagship store, to a total of 220 seats across 2 floors, with the work targeted for completion ahead of its mid-April opening.」

「The effects of progressing with the closure of 10 unprofitable stores where recovery was not expected due to the significant impact of the COVID-19 pandemic are becoming evident. We will continue working to reduce fixed costs in order to lower the break-even point, or break-even sales.」

「Among the new stores, we opened 2 stores: Pronto Yurakucho on 1 June and Italian Dining DONA Shinjuku East Exit on 16 July.」

「The total number of stores at fiscal year-end was unchanged at 116, with 3 new store openings and 3 closures.」

「Regarding store openings, Ginza Wakan Tsubakiya Coffee held its grand opening on 11 September on the fourth floor of the S Building at Kashiwa Takashimaya.」

「Among the new stores, Ducky Duck Yokosuka held its grand opening on 5 June inside Coaska Bayside Stores, which opened in front of Shioiri Station on the Keikyu Line. In a spacious and comfortable 125-tsubo venue, the store has been performing steadily even amid the COVID-19 pandemic, centered on Yokosuka Navy curry, a local specialty, as well as in-house cakes and pasta dishes. On 11 September, we also opened Tsubakiya Coffee Kashiwa Takashimaya, bringing the number of stores in Kashiwa Takashimaya and its Station Mall to 4.」

「The total number of stores at fiscal year-end declined by 6 to 116.」

「Among the new stores, Cheese Egg Garden Chofu Parco held its grand opening in November.」

「Sales at Ducky Duck Kashiwa Takashimaya Station Mall, which underwent renovation and reopened, have been running at 120% of the previous fiscal year, while sales at Ikebukuro Pastakan Sunshine City Alpa have been running at 130%.」

「The total number of stores at fiscal year-end increased by 3 to 122.」

「Among the new stores, we opened Italian Dining DONA Mitsukyo Life and Tsubakiya Café Musashikosugi in November and Tsubakiya Café Minato Mirai in December, working to build a customer following. After the start of the fourth quarter, we also opened Tsubakiya Café Keikyu Department Store Kamiooka on 7 February.」

「Among the new stores, we opened Tsubakiya Coffee Ikebukuro Hanare, the first opening of the fiscal year, on 11 October. We then opened Tsubakiya Café Grand Tree Musashikosugi and, on Thursday the 22nd, Italian Dining DONA Sotetsu Life Mitsukyo, making a strong start toward earnings recovery. The opening of a Tsubakiya Café store in Yokohama’s Minato Mirai district has also been decided for December.」

「In addition to opening 11 new stores based on the strategy of prime station-front locations in the Tokyo metropolitan area, light food and women as the target market, we made active investments including major renovations and reopenings.」

「As an aggressive investment toward the next fiscal year, the 20th, we will hold grand openings for 6 new stores in March and April. We will also carry out refurbishment and reopening work at 2 existing stores.」

「For new openings, we launched the “Jikabaisen Tsubakiya Coffee Aeon Shin-Urayasu” store on 18 October, equipped with a jet roaster capable of rapid roasting after orders are placed, and opened “Yurakucho Kotegaeshi” in central Tokyo on 26 October.」

「We are now expecting double-digit new store openings this fiscal year.」

「We also operate the “Café Company” (the “Tsubakiya Coffee Group” and “Ducky Duck”) and the “Dining Company” ( “Italian Dining Dona” and “Creative Okonomiyaki and Teppanyaki Pastakan and Kotegaeshi”) across Tokyo and the three neighboring prefectures.」

「On 27 October, we opened the “PRONTO IL BAR Yokohama Joinus” store on the first floor of Yokohama Joinus, adjacent to JR Yokohama Station and Sotetsu Line Yokohama Station. The number of PRONTO stores operated by the company as a franchisee reached 8.」

「We operate the “Café Company” (the “Tsubakiya Coffee Group” and “Ducky Duck”) and the “Dining Company” ( “Spaghetti Shokudo Dona” and “Creative Okonomiyaki Pastakan and Kotegaeshi”) across the one metropolis and three prefectures of Tokyo, Kanagawa, Saitama and Chiba.」