Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
43.9
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Third quarter1 October 2025 to 30 June 2026ConsolidatedIFRSNet Sales390,421¥ millionYear on year +24.7%Progress 77.3%
Operating profit42,022¥ millionYear on year +43.9%Progress 83.2%
Ordinary income40,489¥ millionYear on year +47.5%
Net income attributable to owners of the parent26,578¥ millionYear on year +47.1%Progress 84.4%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥117.09
Financial position at period-end
Total assets445,693¥ million
of which net assets 129,474 ¥ millionEquity ratio 27.5%vs. prior year-end +3.5pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+62,249
Investment-33,446
Financials-25,050
Net change+3,753
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥64,458 million
Segment revenueDomestic Sushiro business ¥216,932 million (YoY +10.7%), Overseas Sushiro business ¥150,638 million (YoY +61.8%), KyoTaru business ¥16,429 million (YoY -8.1%), Domestic Sugitama business ¥6,574 million (YoY +8.9%), Other businesses ¥86 million
Segment profitDomestic Sushiro business ¥17,168 million (YoY +12.4%), Overseas Sushiro business ¥20,368 million (YoY +83.2%), KyoTaru business ¥441 million (YoY +137.9%), Domestic Sugitama business ¥241 million (YoY +717.5%), Other businesses ¥-43 million
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥505,000 million (YoY +17.6%)
Operating profit¥50,500 million (YoY +39.9%)
Ordinary incomeNot disclosed
Net income¥31,500 million (YoY +37.3%)
Revision to Earnings ForecastNot disclosed → Net Sales ¥505,000 million / Operating profit ¥50,500 million / Profit for the period attributable to owners of the parent ¥31,500 million
Annual Dividend Forecast¥35.00 (¥17.50 after reflecting the stock split) → ¥20.00
Factors Behind Changes in Business Performance
Strong performance, particularly in the overseas Sushiro business. Overseas operations maintained one of the fastest store-opening rates in the Company's history and implemented promotional and marketing initiatives.
Disclosure regarding the going concern assumption
No applicable matters.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed
Material subsequent eventsThe Company entered into an agreement to transfer all shares in Kyotaru to SRSホールディングス株式会社, with the transfer scheduled to be executed on 1 September 2026. Kyotaru business is scheduled to be classified as a discontinued operation from the fourth quarter. In addition, the Company's common shares were split at a ratio of 1 share into 2 shares effective 1 July 2026.
Impairment loss¥275 million
Depreciation and amortization¥32,081 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingWhether applicable No / Subject person Not disclosed
Issued Shares at Period-End232,138,368
Treasury Shares at Period-End4,868,864
| Item | Details |
|---|---|
| Fiscal Period Classification | Third quarter |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 October 2025 to 30 June 2026 |
| Net Sales | ¥390,421 million (YoY +24.7%) |
| Operating profit | ¥42,022 million (YoY +43.9%) |
| Ordinary income | ¥40,489 million (YoY +47.5%) |
| Profit attributable to owners of the parent | ¥26,578 million (YoY +47.1%) |
| Net income per share | ¥117.09 |
| Equity ratio | End of the current fiscal period 27.5 / End of previous period 24 |
| Total assets | ¥445,693 million |
| Net assets | ¥129,474 million |
| Cash flows from operating activities | ¥62,249 million |
| Cash flows from investing activities | ¥-33,446 million |
| Cash flows from financing activities | ¥-25,050 million |
| Cash and cash equivalents at end of period | ¥64,458 million |
| Full-year earnings forecast | Net Sales ¥505,000 million (YoY +17.6%) / Operating profit ¥50,500 million (YoY +39.9%) / Ordinary income Not disclosed / Net income ¥31,500 million (YoY +37.3%) |
| Revision to Earnings Forecast | Not disclosed → Net Sales ¥505,000 million / Operating profit ¥50,500 million / Profit for the period attributable to owners of the parent ¥31,500 million |
| Annual Dividend Forecast | ¥35.00 (¥17.50 after reflecting the stock split) → ¥20.00 |
| Segment revenue | Domestic Sushiro business ¥216,932 million (YoY +10.7%), Overseas Sushiro business ¥150,638 million (YoY +61.8%), KyoTaru business ¥16,429 million (YoY -8.1%), Domestic Sugitama business ¥6,574 million (YoY +8.9%), Other businesses ¥86 million |
| Segment profit | Domestic Sushiro business ¥17,168 million (YoY +12.4%), Overseas Sushiro business ¥20,368 million (YoY +83.2%), KyoTaru business ¥441 million (YoY +137.9%), Domestic Sugitama business ¥241 million (YoY +717.5%), Other businesses ¥-43 million |
| Depreciation and amortization | ¥32,081 million |
| Impairment loss | ¥275 million |
| Disclosure regarding the going concern assumption | No applicable matters. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | New Number of companies 0 / Company name Not disclosed / Excluded Number of companies 0 / Company name Not disclosed |
| Material subsequent events | The Company entered into an agreement to transfer all shares in Kyotaru to SRSホールディングス株式会社, with the transfer scheduled to be executed on 1 September 2026. Kyotaru business is scheduled to be classified as a discontinued operation from the fourth quarter. In addition, the Company's common shares were split at a ratio of 1 share into 2 shares effective 1 July 2026. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Whether applicable No / Subject person Not disclosed |
| Issued Shares at Period-End | 232,138,368 |
| Treasury Shares at Period-End | 4,868,864 |
| Factors Behind Changes in Business Performance | Strong performance, particularly in the overseas Sushiro business. Overseas operations maintained one of the fastest store-opening rates in the Company's history and implemented promotional and marketing initiatives. |
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogBreakdown of extraordinary income (loss)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Strong performance, particularly in the overseas Sushiro business, is cited as the main reason that profit at each level exceeded expectations. Regarding the transfer of Kyotaru, the Company explained that it determined that transferring the business to a partner capable of further accelerating its growth and concentrating management resources on the domestic and overseas Sushiro businesses would contribute to enhancing corporate value.
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