Nationwide Expansion of Area Franchising

「In the franchise business, revenue from sales of ingredients such as tiger pufferfish and end-customer sales at existing restaurants were below the levels recorded in the same quarter of the previous year.」

「Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥328 million, down 4.7% year on year, while end-customer sales at domestic existing stores in the franchise network were ¥924 million, down 1.1%, both below the previous fiscal year. As of the end of the fiscal year, the number of Genpin franchise stores had declined by 3 to 21.」

「In the franchise business, revenue from sales of ingredients such as tiger pufferfish exceeded the previous interim consolidated accounting period, but end-customer sales at existing stores were below the previous interim consolidated accounting period. As of the end of the interim consolidated accounting period, the number of franchise stores had declined by 2 to 22 following the closure of the Ningbo and Shanghai Shijihui stores in China. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥124 million, up 2.9% year on year, while end-customer sales at domestic existing stores were ¥339 million, down 1.3%.」

「Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥345 million, up 3.3% year on year, while end-customer sales at domestic existing stores in the franchise network were ¥973 million, up 3.7%. As of the end of the fiscal year, the number of Genpin franchise stores was 24 following the transfer of 1 store from company-operated status and a reduction related to preparation for the relocation of the Shanghai Huaihai store.」

「As of the end of the interim consolidated accounting period, the number of franchise stores had declined by 1 to 23 because the Shanghai Huaihai store was temporarily closed in preparation for relocation. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥121 million, up 7.8% year on year, while end-customer sales at domestic existing stores were ¥318 million, up 5.2%. In addition, 1 store was transferred from company-operated to franchise status following a format conversion in October 2024.」

「As of the end of the fiscal year, the number of Genpin franchise stores was 24 following the conversion of 1 store to company-operated status, the transfer of 2 stores from company-operated status, the closure of 1 store in March 2024, and the opening of 1 new store in China.」

「As of the end of the third quarter, the number of franchise stores was 25 following the conversion of 1 store to company-operated status, the transfer of 2 stores from company-operated status, and the opening of 1 new store in China. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥231 million, up 1.9% year on year, while end-customer sales at domestic existing stores were ¥628 million, up 18.5%.」

「In the franchise business, end-customer sales at existing stores exceeded the previous year, but revenue from sales of ingredients such as tiger pufferfish was slightly below the previous year because of the decline in domestic franchise stores. As of the end of the second quarter, the number of franchise stores had declined by 1 through conversion to company-operated status to 22. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥112 million, down 1.7% year on year.」

「In the franchise business, end-customer sales at existing stores exceeded the previous year, but revenue from sales of ingredients such as tiger pufferfish fell below the previous year because of the decline in domestic franchise stores. As of the end of the first quarter, the number of franchise stores was 22, down by 1 store through conversion to company-operated status. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥56 million, down 19.2% year on year, while end-customer sales at franchise stores, including 3 stores in China, were ¥265 million, up 51.2%.」

「As of the end of the fiscal year, the number of Genpin franchise stores was 22, following the closure of 2 stores, the reduction of 1 store through conversion to company-operated status, and the opening of a new store in Ningbo, China.」

「The franchise business also exceeded the previous year in both sales of ingredients such as tiger pufferfish and end-customer sales at franchise stores, as normal operations resumed. As of the end of the third quarter, the number of franchise stores was 23 following the closure of 1 store in preparation for relocation. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥227 million, up 39.8% year on year, while end-customer sales at franchise stores were ¥659 million, up 28.1%.」

「The franchise business also exceeded the previous year in both sales of ingredients such as tiger pufferfish and end-customer sales at franchise stores, partly because restrictions on activities were eased. As of the end of the second quarter, the number of franchise stores was 23 following the closure of 1 store in preparation for relocation. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥114 million, up 123.0% year on year, while end-customer sales at franchise stores were ¥286 million, up 77.0%.」

「The franchise business also exceeded the previous year in both sales of ingredients such as tiger pufferfish and end-customer sales at franchise stores, as normal operations resumed. As of the end of the first quarter, the number of franchise stores was 23 following the closure of 1 store in preparation for relocation. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥70 million, up 133.6% year on year, while end-customer sales at franchise stores were ¥175 million, up 85.8%.」

「The number of Genpin franchise stores was 24 following the closure of 2 stores.」

「As of the end of the third quarter, the number of franchise stores had declined by 2 from the end of the previous fiscal year to 24. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥162 million, down 24.1% year on year, while end-customer sales at franchise stores were ¥514 million, down 3.3%.」

「As of the end of the second quarter, the number of franchise stores was unchanged from the end of the previous fiscal year at 26. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥51 million, down 38.6% year on year, while end-customer sales at franchise stores were ¥161 million, down 11.4%.」

「The franchise business also had many stores temporarily closed, but franchise revenue and end-customer sales at franchise stores both exceeded the previous year, partly because sales at the Shanghai Huaihai store increased. As of the end of the first quarter, the number of franchise stores was unchanged from the end of the previous fiscal year at 26. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥30 million, up 4.8% year on year, while end-customer sales at franchise stores were ¥94 million, up 35.6%.」

「As of the end of the fiscal year, the number of Genpin franchise stores was 26, following the transfer of 1 store to company-operated status and the closure of 3 stores, down 4 stores from the end of the previous fiscal year.」

「The franchise business was in the same situation as the company-operated stores, with both franchise revenue and end-customer sales at franchise stores substantially below the previous year. As of the end of the third quarter, the number of franchise stores was 27, following the closure of 2 stores and the transfer of 1 store to company-operated status. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥214 million, down 47.0% year on year, while end-customer sales at franchise stores were ¥532 million, down 56.9%.」

「As of the end of the second quarter, the number of franchise stores was 27, following the closure of 2 stores and the transfer of 1 store to company-operated status. Franchise revenue from sales of ingredients such as tiger pufferfish and royalties was ¥83 million, down 57.8% year on year, while end-customer sales at franchise stores were ¥182 million, down 68.1%.」

「In the franchise business, many stores were temporarily closed, resulting in franchise sales and store-level sales both falling substantially below the previous year. At the end of the first quarter of the current consolidated fiscal period, the number of franchise stores was 28 due to 1 closure and the transfer of 1 store to directly operated status. Franchise sales from the sale of ingredients such as tiger pufferfish, royalties and other sources were ¥28 million, down 72.2% year on year, and store-level sales were ¥69 million, down 77.2%.」

「As of the period-end date, contracts with major Genpin franchisees covering 10 stores had been changed. In addition to the transfer of 2 stores to directly operated stores, contracts covering 12 stores, including the aforementioned 10, were changed from Genpin franchise agreements. With the addition of 1 newly opened store in Shanghai, the period-end store count was 30, down 13 from the end of the previous period.」

「At the end of the cumulative third-quarter period, the number of franchise stores was 39, down 4 from the end of the previous period, due to the transfer of 2 stores to directly operated stores and the conversion of 2 stores from Genpin brand franchise agreements to agreements covering ingredient supply only. As a result, franchise sales from the sale of ingredients such as tiger pufferfish, royalties and other sources were ¥404 million, down 1.5% year on year, and store-level sales were ¥1,235 million, down 5.0%.」

「At the end of the cumulative second-quarter period, the number of franchise stores was 39, down 4 from the end of the previous period, due to the transfer of 2 stores to directly operated stores and the conversion of 2 stores from Genpin brand franchise agreements to agreements covering ingredient supply only. Franchise sales from the sale of ingredients such as tiger pufferfish, royalties and other sources were ¥197 million, up 3.0% year on year, while store-level sales were ¥572 million, down 1.2%.」

「At the end of the first quarter of the current consolidated fiscal period, the number of franchise stores was 39, down 4 from the end of the previous period, due to the transfer of 2 stores to directly operated stores and the conversion of 2 stores from Genpin brand franchise agreements to agreements covering ingredient supply only,」

「The number of franchise stores decreased by 2 from the end of the previous period to 43 due to transfers to directly operated stores and closures, among other factors. Franchise sales were ¥410 million, down 16.2% year on year, and franchise store-level sales were ¥1,299 million, down 10.6%.」

「In the franchise business, existing-store sales exceeded the year-earlier quarter as a result of strengthening head-office support for sales promotion and store guidance, including quality control. However, due to transfers to directly operated stores, closures and other factors, the number of franchise stores at the end of the second quarter decreased by 8 year on year and by 3 from the end of the previous period to 42. Franchise sales were ¥192 million, down 19.8% year on year, and store-level sales were ¥579 million, down 7.6%.」

「At the end of the cumulative first-quarter period, the number of franchise stores had decreased by 5 year on year and by 1 from the end of the previous period to 44 due to transfers to directly operated stores and closures. As no franchise fees were received, franchise sales were ¥100 million, down 14.1% year on year, and store-level sales were ¥305 million, down 4.0%.」

「In the franchise business, the 6 area franchise stores opened in the previous period contributed for the full year, and new stores were opened in Singapore, the first overseas location, Matsuyama in Shikoku, and Sendai in Tohoku. Existing franchise stores also recorded higher sales than the previous year as a result of thorough sales initiatives and quality control comparable to those at directly operated stores.」

「In the franchise business, the 6 franchise stores opened in the previous period contributed for the full year, and new stores opened in Singapore in April, Matsuyama in August, and Sendai in October, the first in the Tohoku region. Sales at existing franchise stores also recovered through proactive sales initiatives, as at directly operated stores. Franchise sales were ¥500 million, up 6.1% year on year, while store-level sales at these stores were ¥1,453 million, up 14.5%, exceeding the year-earlier period.」

「In the franchise business, the 6 franchise stores opened in the previous period contributed for the full year, and new stores opened in Singapore in April, the first overseas location, and in Matsuyama in August, the first in Shikoku. As a result, franchise sales were ¥239 million, up 5.2% year on year, while store-level sales at these stores were ¥627 million, significantly exceeding the year-earlier period with a 28.1% increase. At the end of the cumulative second-quarter period, the number of franchise stores was 50, up 2 from the end of the previous period.」

「First-quarter franchise sales were ¥116 million, up 32.6% year on year, due to contributions from franchise stores opened in the previous period and strong performance at the first overseas franchise store, which opened in Singapore in April 2017 and was well received by local customers. Store-level sales at these stores were ¥310 million, up 30.4% year on year. At the end of the first quarter, the number of franchise stores had increased by 9 year on year and by 1 from the end of the previous fiscal year to 49.」

「The number of franchise stores increased by 6 from the end of the previous fiscal year to 48, comprising 22 stores in eastern Japan and 26 in western Japan. Sales for the fiscal year from the sale of ingredients such as tiger pufferfish, royalties and other sources were ¥779 million, up 31.5% year on year, while store-level sales at franchise stores were ¥2,042 million, up 23.7%.」

「An area franchise Genpin Fugu store opened in Toyama Prefecture in November as Toyama no Seki, with sales remaining solid.」

「• Four Genpin Fugu area franchise stores opened, in Naha (Naha Kokusai-dori no Seki), Hamamatsu (Hamamatsu no Seki), Nagano (Zenkoji-guchi no Seki), and Chiba (Chiba no Seki), with sales also remaining solid」

「Preparation for nationwide expansion of Genpin Fugu through completed area franchise contracts, with the 68-store allocation fully sold」

「Following the full-scale resumption last fiscal year of recruiting franchisees for Genpin Fugu area franchise stores, contracts with area franchisors were completed in all regions. Following the opening of Genpin Fugu Hiroshima Hatchobori no Seki, the first such store in the Chugoku region, Genpin Fugu Yamanashi Kofu no Seki, the first in the Koshinetsu region, opened in September 2015, followed by Genpin Fugu Nagoya Nishiki-Hommachi no Seki in February 2016. This established a foundation for sales growth from the following fiscal year onward.」