Komori
Watami (7522) · TargetAdvanced

Recovery of domestic food service revenue to the previous fiscal year's level around March 2021

First written in FY2020. 8 of 14 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2026.

14entries
7years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2022-Q1 – FY2022-Q2AdvancedFY2023-Q1 – FY20262020: 320202021: 320212022: 220222023: 320232024: 120242025: 120252026: 12026
Same theme, other companies
Outlook for the Recovery of Business Activity Following the COVID-19 PandemicA theme 10 companies write about · 3 as a headwind · 7 as a tailwind

The whole theme swung hardest in 2021: 1 of 10 companies on the "Worse" side.

1 other company's latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026AdvancedAnnual report

    「Revenue from the domestic foodservice business increased to ¥37,668 million, or 109.5% of the prior fiscal year, and segment profit rose to ¥2,263 million, or 140.5% of the prior fiscal year.」

    The domestic food service business reported higher revenue and higher profit, indicating specific progress in performance toward the goal of recovering to pre-pandemic levels.
  2. FY2026-H1AdvancedAnnual report

    「Performance has progressed steadily, with same-store sales at izakaya, yakiniku and TGI locations exceeding the prior-year period for 6 consecutive months. Revenue from the domestic foodservice business was ¥18,010 million, or 110.0% of the prior-year period, and segment profit was ¥884 million, or 126.9% of the prior-year period.」

    Same-store sales in the domestic food service business exceeded the same period of the previous year for 6 consecutive months, with revenue at 110.0% and segment profit at 126.9% of the same period of the previous year. Specific progress in performance toward the recovery target was indicated.
  3. FY2024-Q3AdvancedAnnual report

    「In the domestic food-service business, we opened 5 new locations and closed 13, bringing the total number of locations to 339 at the end of the quarter. As restrictions on activities were lifted following the reclassification of COVID-19 under the Infectious Diseases Control Law from Category 2-equivalent to Category 5, and as the business gradually recovered toward pre-pandemic levels, revenue from the domestic food-service business was ¥23,557 million, up 129.5% year on year, and segment profit was ¥960 million, compared with a loss of ¥1,613 million in the same period of the previous year.」

    Revenue in the domestic food service business increased 129.5% year on year, and the business returned to a profit of ¥960 million from a loss in the same period of the previous year. Although it does not explicitly state that recovery to pre-COVID levels had been achieved, it indicates specific progress in performance toward the recovery target.
  4. FY2024-Q2AdvancedAnnual report

    「In the domestic food-service business, we opened 3 new locations and closed 8, bringing the total number of locations to 342 at the end of the quarter. As restrictions on activities were lifted following the reclassification of COVID-19 under the Infectious Diseases Control Law from Category 2-equivalent to Category 5, and as the business gradually recovered toward pre-pandemic levels, revenue from the domestic food-service business was ¥14,992 million, up 131.3% year on year, and segment profit was ¥444 million, compared with a loss of ¥1,281 million in the same period of the previous year.」

    Revenue in the domestic food service business was 131.3% of the same period of the previous year, and the business returned to a profit of ¥444 million from a loss of ¥1,281 million in the same period of the previous year. Although it does not explicitly state that recovery to pre-pandemic levels had been achieved, it indicates specific progress in performance toward the recovery target.
  5. FY2024-Q1AdvancedAnnual report

    「Revenue from the domestic food-service business was ¥7,371 million, up 126.5% year on year, and segment profit was ¥312 million, compared with a loss of ¥582 million in the same period of the previous year.」

    Although it does not explicitly state that recovery to pre-pandemic levels had been achieved, revenue in the domestic food service business was 126.5% of the same period of the previous year, and the business returned to profit from a loss in the previous year. Specific improvement in performance toward the recovery target was indicated.
  6. FY2023-Q3AdvancedAnnual report

    「In addition, as efforts to bring COVID-19 under control gained momentum, the ability to operate without closing throughout the cumulative consolidated period of the first 3 quarters also contributed to higher revenue year on year.」

    The company was able to operate without closing throughout the cumulative consolidated period of the first 3 quarters, and revenue in the domestic food service business was 161.4% of the same period of the previous year. Although it does not state that recovery to pre-pandemic levels had been achieved, it indicates specific progress toward recovery.
  7. FY2023-Q2AdvancedAnnual report

    「In addition, as efforts to bring COVID-19 under control gained momentum, the ability to operate without closing during both the first and second quarters also contributed to higher revenue year on year.」

    It states that the ability to operate without closing during either the first or second quarter contributed to higher revenue year on year. Revenue in the domestic food service business was 210.8% of the same period of the previous year, but it does not state that recovery to the previous pre-pandemic level had been achieved.
  8. FY2023-Q1AdvancedAnnual report

    「Revenue in the domestic food service business was ¥5,829 million, up 203.9% year on year, while the segment loss was ¥582 million, compared with a loss of ¥2,167 million in the same period of the previous year.」

    Although it does not state that recovery to pre-pandemic levels had been achieved, revenue in the domestic food service business was 203.9% of the same period of the previous year, and the segment loss narrowed from ¥2,167 million to ¥582 million.
  9. FY2022-Q2All stores resume operations and same-store sales improveAnnual report

    「As the state of emergency and other measures were lifted in October 2021, economic activity is also expected to gradually normalize. Stores gradually resumed operations from October, and all stores had resumed operations as of 25 October. Same-store sales also improved compared with the same period of the previous year.」

    Although it does not state that recovery to the previously assumed pre-pandemic level had been achieved, it reports that all stores had resumed operations as of 25 October 2021 and that same-store sales had improved year on year.
  10. FY2022-Q1RestatedAnnual report

    「Although it is difficult to accurately predict when COVID-19 will end and other related matters, given the steady progress in vaccinations, our group assumes that the economy will gradually begin to recover from the second half of the current consolidated fiscal year onward. We have incorporated this impact into the business plan, identified indications of impairment, and estimated future cash flows for the recognition and measurement of impairment.」

    The company continues to use the previous outlook, which assumes that recovery will begin from the second half of the current consolidated fiscal year onward and proceed gradually after the pandemic ends.
  11. FY2021SoftenedAnnual report

    「Our group assumes that the economy will gradually begin to recover from the second half of the following consolidated fiscal year onward, but actual economic trends may diverge from our assumptions.」

    The previous forecast of a recovery to pre-pandemic levels around March 2021 was changed to wording indicating a gradual recovery from the second half of the following consolidated fiscal year onward, reducing the specificity of the timing and pace of recovery.
  12. FY2021-Q2SoftenedAnnual report

    「Our group initially forecast that revenue from the domestic food service business would recover to pre-pandemic levels around March 2021, but as uncertainty over when COVID-19 will end continues, we believe that it will be difficult for revenue to recover to previous levels in the short term.」

    The previous forecast of a recovery in domestic food service revenue around March 2021 was changed to the view that a short-term recovery would be difficult, reducing the specificity of the recovery timing.
  13. FY2021-Q1RestatedAnnual report

    「Our group forecasts that revenue from the domestic food service business will recover to pre-pandemic levels around March 2021.」

    Additional information reconfirms without change the forecast that domestic food service revenue will recover to pre-pandemic levels around March 2021.
  14. FY2020First statedAnnual report

    「Based on the policies of the national and local governments, stores are gradually resuming operations in areas where the state of emergency has been lifted, but we forecast that revenue will recover to the level of the previous consolidated fiscal year around March 2021.」

    The company forecasts that domestic food service revenue will return to the previous consolidated fiscal year's level around March 2021.
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 10 of its 14 moves.

1097665★123456
  1. ★This thread
  2. 1Domestic restaurant sales at existing stores above 100% year on year and a return to profitability10×
  3. 2Contraction of the domestic restaurant market and intensifying competition9×
  4. 3Improved financial foundation through asset sales and debt repayment7×
  5. 4New formats, prime locations and localization in overseas restaurants6×
  6. 5Shift from mega-solar projects to regional power sales and electricity retailing6×
  7. 6Improving the cost structure and closing unprofitable domestic food-service locations5×

★ 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
News
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