Komori
Watami (7522) · InitiativeAdvanced

New formats, prime locations and localization in overseas restaurants

First written in FY2016. 22 of 35 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-14.

35entries
11years
3from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q1 – FY2019-Q32016: 320162017: 320172018: 420182019: 420192020: 420202021: 420212022: 320222023: 320232024: 220242025: 120252026: 42026
Same theme, other companies
New-format development and localization in overseas foodservice and store portfolio managementA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. 2026-08-14AdvancedResults

    「海外事業におきましては、10店舗の新規出店を行い、当第1四半期連結会計期間末の店舗数は91店舗となりました。」

    海外事業の出店と店舗数の拡大が進み、売上高・セグメント利益も前年同期を上回った。
  2. FY2026AdvancedAnnual report

    「In the overseas business, 18 new restaurants were opened and 7 were closed, bringing the number of restaurants to 81 at the end of the fiscal year. Revenue increased to ¥11,503 million (105.8% of the previous fiscal year's level), while segment profit declined to ¥56 million (40.9% of the previous fiscal year's level).」

    The overseas business opened 18 new restaurants and closed 7, bringing the total to 81. While revenue increased, segment profit declined to 40.9% of the previous fiscal year's level.
  3. FY2026-H1AdvancedAnnual report

    「In the overseas business, 7 new restaurants were opened and 1 was closed, bringing the number of restaurants to 76 at the end of the interim consolidated period. Revenue from the overseas business was ¥5,213 million (99.5% year on year), and segment profit was ¥35 million (38.1% year on year).」

    The overseas business opened 7 new restaurants and closed 1, bringing the total to 76. While the restaurant network expanded, revenue was 99.5% of the prior-year level and segment profit was 38.1%.
  4. FY2025-H1ReframedAnnual report

    「From the end of the previous fiscal year, following the acquisition of a new subsidiary, the name of the reporting segment formerly called the “Overseas Restaurant Business” was changed to the “Overseas Business.” The change was limited to the name and had no impact on segment information.」

    The former reporting segment name, “Overseas Restaurant Business,” was changed to “Overseas Business” following the acquisition of a subsidiary. The wording was revised so that the scope of overseas operations was no longer limited to restaurants.
  5. FY2024-Q3AdvancedAnnual report

    「In the overseas restaurant business, 7 new restaurants were opened and 2 were closed, bringing the number of restaurants to 55 at the end of the quarter. Revenue and profit increased as the impact of COVID-19 subsided. As a result, revenue from the overseas restaurant business was ¥5,453 million (135.7% year on year), and the segment loss was ¥23 million (versus a loss of ¥697 million in the same period of the previous year).」

    7 new restaurants were opened and 2 were closed, bringing the number of restaurants to 55. Revenue was 135.7% of the prior-year level, and the segment loss narrowed from ¥697 million to ¥23 million. Cumulatively, however, the business was still posting a loss of ¥23 million, and profitability had not been confirmed.
  6. FY2024-Q2Cumulative profit contracted despite remaining in the blackAnnual report

    「In the overseas restaurant business, 3 new restaurants were opened and 2 were closed, bringing the number of restaurants to 51 at the end of the quarter. Revenue and profit increased as the impact of COVID-19 subsided. As a result, revenue from the overseas restaurant business was ¥3,545 million (153.1% year on year), and the segment posted a profit of ¥10 million (versus a loss of ¥617 million in the same period of the previous year).」

    The overseas restaurant business moved from a loss of ¥617 million in the same period of the previous year to a profit of ¥10 million, while maintaining 51 restaurants. However, cumulative segment profit declined from ¥19 million reported in the previous quarter to ¥10 million, indicating that profit remained positive but contracted.
  7. FY2024-Q1AdvancedAnnual report

    「In the overseas restaurant business, 1 new restaurant was opened, bringing the number of restaurants to 51 at the end of the quarter. Revenue and profit increased as the impact of COVID-19 subsided. As a result, revenue from the overseas restaurant business was ¥1,642 million (191.0% year on year), and the segment posted a profit of ¥19 million (versus a loss of ¥383 million in the same period of the previous year).」

    The overseas restaurant business opened 1 new restaurant, bringing the total to 51. Revenue was 191.0% of the prior-year level, and the segment moved from a loss of ¥383 million in the same period of the previous year to a profit of ¥19 million.
  8. FY2023-Q3WorsenedAnnual report

    「In the overseas restaurant business, 6 new restaurants were opened and 9 were closed, bringing the number of restaurants to 47 at the end of the quarter. Revenue increased but profit declined due to the spread of COVID-19. As a result, revenue from the overseas restaurant business was ¥4,018 million (108.8% year on year), and the segment loss was ¥697 million (versus a loss of ¥14 million in the same period of the previous year).」

    While openings and closures continued, revenue was 108.8% of the prior-year level, but the segment loss widened from ¥14 million in the same period of the previous year to ¥697 million due to the spread of COVID-19. The earnings environment for the overseas restaurant business is deteriorating.
  9. FY2023-Q2WorsenedAnnual report

    「In the overseas restaurant business, 4 new restaurants were opened and 8 were closed, bringing the number of restaurants to 46 at the end of the quarter. Revenue and profit declined due to the spread of COVID-19. As a result, revenue from the overseas restaurant business was ¥2,315 million (97.0% year on year), and the segment loss was ¥617 million (versus a loss of ¥64 million in the same period of the previous year).」

    While 4 restaurants were opened and 8 were closed, the overseas restaurant business saw lower revenue and profit due to the spread of COVID-19. The segment loss widened from ¥64 million in the same period of the previous year to ¥617 million, and the earnings environment surrounding the rollout of new overseas restaurant formats and network consolidation is deteriorating.
  10. FY2023-Q1WorsenedAnnual report

    「In the overseas restaurant business, 3 new restaurants were opened and 6 were closed, bringing the number of restaurants to 47 at the end of the quarter. Revenue and profit declined due to the spread of COVID-19. As a result, revenue from the overseas restaurant business was ¥859 million (71.2% year on year), and the segment loss was ¥383 million (versus a loss of ¥24 million in the same period of the previous year).」

    While 3 restaurants were opened and 6 were closed, revenue was 71.2% of the prior-year level due to the spread of COVID-19, and the segment loss widened from ¥24 million in the same period of the previous year to ¥383 million.
  11. FY2022-Q3AdvancedAnnual report

    「In the overseas restaurant business, 3 new restaurants were opened and 6 were closed, bringing the number of restaurants to 46 at the end of the third quarter. The impact of COVID-19 has declined due to vaccinations and other factors, resulting in higher revenue and profit. As a result, revenue from the overseas restaurant business was ¥3,693 million (120.6% year on year), and the segment loss was ¥14 million (versus a loss of ¥655 million in the same period of the previous year).」

    The overseas restaurant business opened 3 restaurants and closed 6. While consolidating the network to 46 restaurants, revenue was 120.6% of the prior-year level, and the segment loss narrowed from ¥655 million to ¥14 million.
  12. FY2022-Q2AdvancedAnnual report

    「In the overseas restaurant business, 2 new restaurants were opened and 2 were closed, bringing the number of restaurants to 49 at the end of the second quarter. The impact of COVID-19 has declined due to vaccinations and other factors, resulting in higher revenue and profit. As a result, revenue from the overseas restaurant business was ¥2,388 million (116.6% year on year), and the segment loss was ¥64 million (versus a loss of ¥483 million in the same period of the previous year).」

    2 restaurants were opened and 2 were closed, bringing the number of restaurants to 49. As the impact of the pandemic declined, revenue was 116.6% of the prior-year level, and the segment loss narrowed from ¥483 million in the same period of the previous year to ¥64 million.
  13. FY2022-Q1AdvancedAnnual report

    「In the overseas restaurant business, 1 restaurant was closed, bringing the number of restaurants to 48 at the end of the first quarter. The impact of COVID-19 has declined due to vaccinations and other factors, resulting in higher revenue and profit. As a result, revenue from the overseas restaurant business was ¥1,207 million (113.3% year on year), and the segment loss was ¥24 million (versus a loss of ¥323 million in the same period of the previous year).」

    While continuing to consolidate its restaurant network, revenue from the overseas restaurant business was 113.3% of the prior-year level, and the segment loss narrowed from ¥323 million to ¥24 million.
  14. FY2021WorsenedAnnual report

    「In the overseas restaurant business, 8 new restaurants were opened and 12 were closed, bringing the number of restaurants to 49 at the end of the fiscal year. Customer numbers at directly operated restaurants were 64.0% of the prior-year level. Revenue and profit declined due to the impact of COVID-19. As a result, revenue from the overseas restaurant business was ¥4,273 million (63.5% year on year), and the segment loss was ¥660 million (versus a loss of ¥389 million in the previous fiscal year).」

    The overseas restaurant business opened 8 restaurants and closed 12, with customer numbers at 64.0% of the prior-year level, revenue at 63.5% of the previous fiscal year's level, and a segment loss of ¥660 million.
  15. FY2021-Q3WorsenedAnnual report

    「In the overseas restaurant business, 5 new restaurants were opened and 10 were closed, bringing the number of restaurants to 48 at the end of the quarter. Customer numbers at directly operated restaurants were 59.3% of the prior-year level. Revenue and profit declined due to the impact of COVID-19. As a result, revenue from the overseas restaurant business was ¥3,062 million (60.3% year on year), and the segment loss was ¥655 million (versus a loss of ¥153 million in the same period of the previous year).」

    While 5 restaurants were opened and 10 were closed in the overseas restaurant business, customer numbers at directly operated restaurants were 59.3% of the prior-year level, revenue was 60.3% of the prior-year level, and the segment loss widened to ¥655 million.
  16. FY2021-Q2WorsenedAnnual report

    「In the overseas restaurant business, 3 new restaurants were opened and 8 were closed, bringing the number of restaurants to 48 at the end of the quarter. Customer numbers were 58.3% of the prior-year level. Revenue and profit declined due to the impact of COVID-19. As a result, revenue from the overseas restaurant business was ¥2,048 million (59.0% year on year), and the segment loss was ¥483 million (versus a loss of ¥108 million in the same period of the previous year).」

    While 3 restaurants were opened and 8 were closed, customer numbers were 58.3% of the prior-year level, revenue was 59.0% of the prior-year level, and the segment loss widened to ¥483 million. The earnings environment for the overseas restaurant business has deteriorated further due to COVID-19.
  17. FY2021-Q1WorsenedAnnual report

    「In the overseas restaurant business, 1 store was opened and 2 stores were closed, bringing the number of stores to 52 at the end of the quarter. Customer numbers at directly operated stores were 57.1% of the previous year. Revenue and profit declined owing to the impact of COVID-19. As a result, sales in the overseas restaurant business were ¥1,065 million (55.6% year on year), and the segment loss was ¥323 million (compared with a loss of ¥35 million in the same quarter a year earlier).」

    While opening 1 store and closing 2, customer numbers at directly operated stores were 57.1% of the previous year and sales were 55.6% of the previous year, causing the segment loss to widen to ¥323 million. The earnings environment for overseas restaurants deteriorated further owing to the impact of COVID-19.
  18. FY2020WorsenedAnnual report

    「In the overseas restaurant business, 12 new stores were opened, while 13 stores were closed, bringing the number of stores to 53 at the end of the fiscal year (54 in the previous fiscal year). Same-store sales were 95.0% of the previous year, and same-store customer numbers were 94.5%. Sales and profit declined significantly owing to the consolidation of the Shanghai and Shenzhen operations and demonstrations, particularly in the Hong Kong area.」

    While opening 12 stores, the Company closed 13 stores, and both same-store sales and customer numbers fell below the previous year. The overseas restaurant business reported a segment loss of ¥389 million, turning from a profit of ¥161 million in the previous fiscal year to a loss.
  19. FY2020-Q3Lower revenue and profit in overseas restaurants owing to demonstrations and consolidation effectsAnnual report

    「In the overseas restaurant business, 6 new stores were opened and 11 stores were closed, bringing the number of stores to 49 at the end of the quarter (56 in the same quarter a year earlier). Same-store sales were 98.6% of the previous year, and same-store customer numbers were 96.8%. Sales and profit declined significantly owing to the consolidation of the Shanghai and Shenzhen operations and the effects of demonstrations, particularly in the Hong Kong area. As a result, sales in the overseas restaurant business were ¥5,079 million (94.7% year on year), and the segment loss was ¥153 million (compared with segment profit of ¥139 million in the same quarter a year earlier).」

    While opening 6 stores, the Company closed 11 stores. Owing to the consolidation of the Shanghai and Shenzhen operations and demonstrations in the Hong Kong area, the overseas restaurant business turned from a profit in the same quarter a year earlier to a loss of ¥153 million.
  20. FY2020-Q2AdvancedAnnual report

    「In the overseas restaurant business, 3 new stores were opened and 7 stores were closed, bringing the number of stores to 50 at the end of the quarter (62 in the same quarter a year earlier). Same-store sales were 101.3% of the previous year, and same-store customer numbers were 98.7%. Profitability is improving, particularly in the Hong Kong area, as a result of closing unprofitable stores and taking other measures, but profitability improvement in the Shanghai and Shenzhen areas remains a work in progress.」

    While opening 3 stores, the Company closed 7 stores and continued restructuring its store network. Profitability improvement is progressing in the Hong Kong area, while improvement in the Shanghai and Shenzhen areas remains a work in progress.
  21. FY2020-Q1AdvancedAnnual report

    「In the overseas restaurant business, 6 stores were closed, bringing the number of stores to 48 at the end of the quarter (63 in the same quarter a year earlier). Same-store sales were 102.2% of the previous year, and same-store customer numbers were 99.4%. Profitability is improving, particularly in the Hong Kong area, as a result of closing unprofitable stores and taking other measures, but profitability improvement in the Shanghai and Shenzhen areas remains a work in progress.」

    The Company closed 6 stores, streamlining the network to 48 locations. Profitability improvement is progressing, particularly in the Hong Kong area, while improvement in the Shanghai and Shenzhen areas remains a work in progress.
  22. FY2019-Q3ReframedAnnual report

    「At an extraordinary meeting of the Board of Directors held on 29 January 2019, the Company and Watami International Co.Ltd (WI), the Company's group company overseeing its overseas operations, resolved to terminate the joint-venture agreement with Beautiful Oriental Group Limited (BOG) dated 29 January 2019 regarding Watami China Food & Beverage Company Limited (WCFB), a joint venture between WI and BOG, acquire all shares in WCFB held by BOG, and make WCFB a wholly owned subsidiary of WI.」

    For the mainland China business, the policy was changed to terminate the joint-venture agreement with BOG and acquire the remaining 60% interest, scheduled for 18 February 2019, to make the company a wholly owned subsidiary. The stated reason was that the parties had been unable to realize concrete collaboration benefits from their efforts over a period of approximately 2 years.
  23. FY2019-Q3AdvancedAnnual report

    「In the overseas restaurant business, 4 new stores were opened, while 18 stores were closed, bringing the number of stores to 56 at the end of the quarter (76 in the same quarter a year earlier). Same-store sales were 98.5% of the previous year, and same-store customer numbers were 97.0%. The Company is working to improve profitability, particularly in the Hong Kong area, by closing unprofitable stores and taking other measures. As a result, sales in the overseas restaurant business were ¥5,360 million (95.7% year on year), and segment profit was ¥139 million (669.6% year on year).」

    While opening 4 stores, the Company closed 18 stores and continued eliminating unprofitable locations. Existing stores were below the previous year, but segment profit increased from ¥20 million in the same quarter a year earlier to ¥139 million.
  24. FY2019-Q2AdvancedAnnual report

    「In the overseas restaurant business, 4 new stores were opened, while 12 stores were closed, bringing the number of stores to 62 at the end of the quarter (78 in the same quarter a year earlier). Same-store sales were 98.8% of the previous year, and same-store customer numbers were 98.1%. The Company is working to improve profitability, particularly in the Hong Kong area, by closing unprofitable stores and taking other measures. As a result, sales in the overseas restaurant business were ¥3,446 million (93.4% year on year), and segment profit was ¥43 million (compared with a loss of ¥61 million in the same quarter a year earlier).」

    While opening 4 stores, the Company closed 12 stores and continued eliminating unprofitable locations, resulting in the overseas restaurant business turning from a loss in the same quarter a year earlier to a profit of ¥43 million.
  25. FY2019-Q1AdvancedAnnual report

    「In the overseas restaurant business, 2 new stores were opened, while 9 stores were closed, bringing the number of stores to 63 at the end of the quarter (81 in the same quarter a year earlier). Same-store sales were 97.6% of the previous year, and same-store customer numbers were 97.3%. The Company is working to improve profitability by closing unprofitable stores and taking other measures. As a result, sales in the overseas restaurant business were ¥1,690 million (93.0% year on year), and segment profit was ¥21 million (compared with a loss of ¥41 million in the same quarter a year earlier).」

    While opening 2 new stores, the Company closed 9 stores and continued restructuring its store network. Existing stores were below the previous year, but the overseas restaurant business turned from a loss in the same quarter a year earlier to a profit of ¥21 million.
  26. FY2018AdvancedAnnual report

    「In the overseas restaurant business, 1 new store was opened, while 17 stores were closed, bringing the number of stores to 70 at the end of the fiscal year (86 in the previous fiscal year). Same-store sales were 92.3% of the previous year, and the Company worked to improve profitability by closing unprofitable stores and taking other measures. As a result, sales in the overseas restaurant business were ¥7,417 million (57.8% year on year), and segment profit was ¥61 million, compared with a loss of ¥54 million in the previous fiscal year, marking a return to profitability for the first time in 4 periods.」

    The Company continued eliminating unprofitable stores by closing 17 locations, and the overseas restaurant business returned to profitability for the first time in 4 periods.
  27. FY2018-Q3AdvancedAnnual report

    「In the overseas restaurant business, 1 new store was opened, while 11 stores were closed, bringing the number of stores to 76 at the end of the quarter (86 in the same quarter a year earlier). Same-store sales were 91.2% of the previous year, and same-store customer numbers were 93.2%. The Company is working to improve profitability by closing unprofitable stores and taking other measures. As a result, sales in the overseas restaurant business were ¥5,600 million (63.1% year on year), and segment profit was ¥20 million (168.4% year on year).」

    While opening 1 store, the Company closed 11 stores and continued eliminating unprofitable locations. Existing stores were below the previous year, but segment profit was ¥20 million.
  28. FY2018-Q2AdvancedAnnual report

    「In the overseas restaurant business, 1 new store was opened, while 9 stores were closed, bringing the number of stores to 78 at the end of the quarter (91 in the same quarter a year earlier). Same-store sales were 89.4% of the previous year, and same-store customer numbers were 91.0%. The Company is working to improve profitability by closing unprofitable stores and taking other measures. As a result, sales in the overseas restaurant business were ¥3,688 million (61.0% year on year), and the segment loss was ¥61 million (a loss of ¥108 million in the same quarter a year earlier).」

    While opening 1 store, the Company closed 9 stores and continued eliminating unprofitable locations. Existing stores were below the previous year, but the segment loss narrowed from ¥108 million in the same quarter a year earlier to ¥61 million.
  29. FY2018-Q1AdvancedAnnual report

    「In the overseas restaurant business, 1 new store was opened, while 6 stores were closed, bringing the number of stores to 81 at the end of the quarter (96 in the same quarter a year earlier). Same-store sales were 88.0% of the previous year, and same-store customer numbers were 88.6%. The Company is working to improve profitability by closing unprofitable stores and taking other measures. As a result, sales in the overseas restaurant business were ¥1,817 million (52.1% year on year), and the segment loss was ¥41 million (a loss of ¥73 million in the same quarter a year earlier).」

    While opening 1 store, the Company closed 6 stores and continued eliminating unprofitable locations. Existing stores were below the previous year, but the segment loss narrowed from ¥73 million in the same quarter a year earlier to ¥41 million.
  30. FY2017-Q3AdvancedAnnual report

    「In connection with this, WI made the in-kind contribution to WCFB, established as a WI subsidiary, on 20 December 2016, and completed the transfer to BOG on 17 January 2017 of shares corresponding to a total of 60% of WI's equity interest.」

    For the mainland China business, the in-kind contribution to WCFB and the transfer of a 60% interest to BOG were completed, establishing a concrete joint-venture structure with the local partner.
  31. FY2017-Q2AdvancedAnnual report

    「Under the share transfer agreement, WI will transfer 60% of its interest in the new company to BOG. The consideration for the share transfer is RMB 29,132 thousand (approximately ¥438 million). Following the share transfer, WI will hold 40% and BOG 60% of the new company, which will commence operations as a joint venture between WI and BOG.」

    For the expansion of overseas restaurants in mainland China, specific measures were presented to establish a joint venture with the Hainan Airlines Group-affiliated HMVCFB Group, improve the profitability of existing stores, and expand the Japanese food market in China and Asia. The in-kind contribution was scheduled for 28 November 2016, and the share transfer for 30 November of the same year.
  32. FY2017-Q1AdvancedAnnual report

    「In the overseas restaurant business, 3 new stores were opened, while 4 stores were closed, bringing the number of stores to 96 at the end of the quarter (107 in the same quarter a year earlier). Same-store sales were 94.7% of the previous year, and same-store customer numbers were 90.2%. While opening new stores in prime locations such as Hong Kong, the Company is working to improve profitability by closing unprofitable stores and taking other measures.」

    The Company specifically implemented new openings, withdrawals, and the elimination of unprofitable stores, reducing the overseas restaurant segment loss from the previous year.
  33. FY2016First statedAnnual report

    「We believe it is important to secure locations for existing openings through the development of new formats and prime locations by expanding the pool of sites available for new openings. An organizational structure that enables agile decision-making, including decisions on when to withdraw, is also necessary. We will respond to changing customer needs by advancing the localization of management, including through the delegation of authority.」

    The Company specifies not only continued openings in overseas markets but also more agile withdrawal decisions, delegation of authority, and localization of management.
Moved together

"Domestic restaurant sales at existing stores above 100% year on year and a return to profitability" moved the same way as this thread, in the same document, in 25 of its 34 moves.

251918161413★123456
  1. ★This thread
  2. 1Domestic restaurant sales at existing stores above 100% year on year and a return to profitability25×
  3. 2Contraction of the domestic restaurant market and intensifying competition19×
  4. 3Improving the cost structure and closing unprofitable domestic food-service locations18×
  5. 4Risks from intensifying competition and rising rents and labor costs in overseas foodservice16×
  6. 5Improved financial foundation through asset sales and debt repayment14×
  7. 6Rebuilding domestic food-service brands and changing business formats13×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Watami's next results are scheduled for 2026-11-13. Read the earnings preview It last moved in the Results of 2026-08-14: "Advanced".
News
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