Recovery in Food-Service Demand Driven by Post-COVID Foot Traffic Recovery and Inbound Tourism
First written in FY2024-Q1. 2 of 5 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「As a result, sales were ¥1,347.836 million, an increase of ¥155.009 million, or 13.0%, from the previous consolidated fiscal year, while operating profit was ¥88.347 million, an increase of ¥7.797 million, or 9.7%.」
Against a backdrop of recovering foot traffic and demand for eating out, as well as higher average customer spending due to menu revisions and other factors, the eating-out business recorded a 13.0% increase in sales and a 9.7% increase in operating profit. - FY2025-H1RestatedAnnual report
「Although the food service industry continues to see a trend toward recovering demand, inflation caused by soaring raw-material prices and logistics costs, together with increased labor costs, including recruitment costs to secure employees, has become pronounced.」
The Company has reconfirmed its view that the recovery trend in post-pandemic demand for eating out is continuing, while also citing increases in prices and labor costs. - FY2024AdvancedAnnual report
「In the eating-out business, although factors including soaring prices and higher labor costs remained, customer numbers increased due to more active foot traffic and higher inbound demand, and sales remained strong. As a result, sales were ¥1,192.826 million, an increase of ¥104.091 million, or 9.6%, from the previous consolidated fiscal year, while operating profit was ¥80.550 million, an increase of ¥33.141 million, or 69.9%.」
Driven by more active foot traffic and higher inbound demand, the eating-out business recorded a 9.6% increase in sales and a 69.9% increase in operating profit. - FY2024-Q2RestatedAnnual report
「In the eating-out business, although factors including soaring prices and higher labor costs remained, customer numbers increased as foot traffic recovered, and sales remained strong.」
The Company has reconfirmed the recovery trend in customer numbers and eating-out sales driven by the post-pandemic recovery in foot traffic. - FY2024-Q1First statedAnnual report
「In the eating-out industry, sales have remained strong as foot traffic has recovered with the normalization of economic activity and the number of inbound visitors has increased. However, the operating environment has recovered only gradually due to soaring raw material prices and labor costs, as well as increasingly frugal consumer behavior resulting from sustained inflation.」
The Company has for the first time explicitly identified the normalization of economic activity, the recovery in foot traffic and the increase in inbound visitors as factors supporting the recovery in demand for eating out, while stating that the recovery remains gradual due to increasingly frugal consumer behavior amid inflation.