Concentration of customers and directly operated stores in the Tokyo metropolitan area exposed to natural disasters

「If natural disasters such as earthquakes and typhoons result in store closures, repairs or other effects, or if visitor numbers decline, the Group's business performance may be affected by lower sales and other factors.」

「The impact of COVID-19 on the operating environment remains uncertain, and changes in conditions may have a material effect on the Group's financial position and operating results.」

「Although operating restrictions related to COVID-19 had been lifted, consumer sentiment declined due to the seventh wave of infections.」

「Although priority preventive measures were lifted nationwide in March, severe conditions have continued due to the renewed spread of infections, surging resource and raw-material procurement prices, and higher labor costs resulting from hourly wage increases to secure personnel.」

「With no end in sight to the spread of COVID-19, requests for restaurant closures and reduced operating hours and requests to refrain from serving alcoholic beverages continued intermittently under priority preventive measures issued by the national and local governments, resulting in overall lower sales as visitor numbers failed to recover.」

「Requests for restaurant closures and reduced operating hours, as well as requests to refrain from serving alcoholic beverages, continued intermittently under states of emergency and priority preventive measures issued by the national and local governments. Overall sales declined as visitor numbers failed to recover, and severe conditions with no clear outlook continued.」

「With no end in sight to the spread of COVID-19, requests for restaurant closures and reduced operating hours, as well as requests to refrain from serving alcoholic beverages, continued intermittently under states of emergency and priority preventive measures issued by the national and local governments. Overall sales declined as visitor numbers failed to recover, and severe conditions with no clear outlook continued.」

「Requests for restaurant closures and reduced operating hours under states of emergency and priority preventive measures issued by the national and local governments continued intermittently, and overall sales declined, with visitor numbers failing to recover.」

「Some of the Group's stores were affected by lower sales and other factors resulting from reduced operating hours or temporary closures.」

「Although some recovery was seen after the resumption of normal operations, a full recovery has not yet been achieved.」

「Following the global spread of COVID-19, visitor numbers at the Group's stores in Japan and overseas declined because of requests to refrain from operating and the decline in overseas tourists, resulting in lower sales.」

「Meanwhile, following the global spread of COVID-19, the number of customers visiting the Group's food-service establishments in Japan and overseas has declined. In addition, the impact of weaker customer demand for opening new establishments has become apparent as the outlook for the food-service industry has become uncertain.」

「If natural disasters such as earthquakes and typhoons or diseases such as infectious diseases result in store closures, repairs or other effects, or if the number of visitors declines, the Group's business performance may be affected by lower sales and other factors.」

「In the management support business, the Group's customers are concentrated in the Tokyo metropolitan area. As a result, natural disasters such as earthquakes and typhoons may affect the Group's business performance, including its ability to perform various contracts with customers.」

「During the cumulative third quarter, there were no material changes concerning the occurrence of matters that could have a material impact on investors' decisions among the matters relating to the business and financial conditions described in the quarterly report, or concerning the business and other risks described in the annual securities report for the previous fiscal year.」

「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」

「During the cumulative first quarter, there were no material changes concerning the occurrence of matters that could have a material impact on investors' decisions among the matters relating to the business and financial conditions described in the quarterly report, or concerning the business and other risks described in the annual securities report for the previous fiscal year.」

「The Group operates 14 directly managed restaurants in Tokyo and Osaka under the name “Nadai Unatoto,” as well as “Nidaime Unamaro,” a spin-off format of “Nadai Unatoto.”」

「During the cumulative second-quarter consolidated period, there were no material changes in the matters described in the quarterly securities report concerning the status of the business, financial position, or other matters that could materially affect investors’ decisions, nor in the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

「There were no material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」

「Customers in the management support business are concentrated in the Tokyo metropolitan area. Consequently, natural disasters such as earthquakes and typhoons could affect the performance of the Group, including the performance of various contracts with customers.」