Worth reading
76Important
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
395
¥ million (year-on-year improvement in operating income)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationFiscal year ending March 2027, second quarter (first half)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales8,596 Millions of yen-2.0%
Operating profit351 Millions of yen
Ordinary income307 Millions of yen
Net income¥298 million first-half net income attributable to owners of the parent
Selling, general and administrative expenses5,421 Millions of yen
Gross Profit Margin
Rate67.2
Year-on-year change (points)1.4
Operating profit margin
Rate4.1
Year-on-year change (points)4.6
Results for the three months of the current quarter
Net Sales¥4,300 million (second quarter alone, as shown in the graph)
Operating profit¥193 million (second quarter alone)
Full-year earnings forecast
Net Sales
17,100 Millions of yen
Operating profit
520 Millions of yen
Ordinary income
420 Millions of yen
Profit attributable to owners of the parent
270 Millions of yen
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Net Sales50.3%
Operating profit67.5%
Ordinary income73.1%
Profit attributable to owners of the parent110.4%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The introduction of smartphone ordering is progressing as planned.Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net SalesExisting stores +¥144 million, new stores +¥91 million, FC closures -¥34 million, closures -¥372 million
Operating profitExisting-store revenue +¥43 million, store openings and closures +¥22 million, higher costs -¥12 million, cost of sales (food ingredients and logistics) +¥122 million, labor costs +¥129 million, other expenses +¥71 million, head office costs +¥20 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Number of CustomersCustomer traffic is expected to decline in the second half as well, based on the trend in customer traffic during the interim period.
Consumer TrendsConsumers' inclination to economize amid higher prices
CostsUncertain factors such as rising costs
New initiatives
- Conversion to the Sushi Iccho format
- Opening the first store under the new “Kyoto Pasta More” model
- Expansion of smartphone ordering to 156 stores
- IP collaborations, digital marketing and inbound initiatives
- Transition to a single-company structure and integration of head office functions
- Integration of distribution centers, changed from 12 to 6
Key KPIsA metric the company considers important as a management benchmark.
- Same-store sales101.1 % year on year
- Number of stores270 stores
- Number of stores with smartphone ordering136 Stores 156 stores covered
- Reduction in head office costs and executive-related expenses20 Millions of yen
- Reduction in logistics costs30 Millions of yen
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Number of CustomersIn the first half, monthly customer traffic at existing stores was 95.3%–101.0% of the year-earlier level.
Average Spend per CustomerIn the first half, monthly average spend per customer at existing stores was 102.3%–104.4% of the year-earlier level; ¥2,450 after conversion to Sushi Iccho.
Medium-term management plan targets
StrategyTransition to a strategically downsized growth model
Number of storesThe 500-store era from 2028 onward
Operating profitOperating income of approximately ¥900 million in the fiscal year ending March 2028
Financial targets
Equity ratio23.3% (actual as of the end of September 2026, up 4.6 percentage points from the end of March)
Market capitalizationMedium- to long-term target of more than ¥20 billion
Number of stores and locations
Number of Stores at Period-End270
Stores opened during the period0
Stores closed during the period17
Number of format conversions2
Logistics facilitiesConsolidated from 12 logistics centers to 6
Payout ratio
Assumed at 30%–50%| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (first half) |
| Net Sales | 8,596 Millions of yen (YoY -2.0%) |
| Operating profit | 351 Millions of yen |
| Ordinary income | 307 Millions of yen |
| Net income | ¥298 million (first-half net income attributable to owners of the parent) |
| Gross Profit Margin | Rate 67.2 / Year-on-year change (points) 1.4 |
| Operating profit margin | Rate 4.1 / Year-on-year change (points) 4.6 |
| Selling, general and administrative expenses | 5,421 Millions of yen |
| Results for the three months of the current quarter | Net Sales ¥4,300 million (second quarter alone, as shown in the graph) / Operating profit ¥193 million (second quarter alone) |
| Full-year earnings forecast | Net Sales 17,100 Millions of yen / Operating profit 520 Millions of yen / Ordinary income 420 Millions of yen / Profit attributable to owners of the parent 270 Millions of yen |
| Progress against full-year forecast | Net Sales 50.3% / Operating profit 67.5% / Ordinary income 73.1% / Profit attributable to owners of the parent 110.4% |
| Self-assessment against the plan | The introduction of smartphone ordering is progressing as planned. |
| Breakdown of Factors Affecting the Change | Net Sales Existing stores +¥144 million, new stores +¥91 million, FC closures -¥34 million, closures -¥372 million / Operating profit Existing-store revenue +¥43 million, store openings and closures +¥22 million, higher costs -¥12 million, cost of sales (food ingredients and logistics) +¥122 million, labor costs +¥129 million, other expenses +¥71 million, head office costs +¥20 million |
| Key KPIs | Indicator name Same-store sales / Value 101.1 % year on year / Year on year against the same period last year Not disclosed, Indicator name Number of stores / Value 270 stores / Year on year against the same period last year Not disclosed, Indicator name Number of stores with smartphone ordering / Value 136 Stores (156 stores covered) / Year on year against the same period last year Not disclosed, Indicator name Reduction in head office costs and executive-related expenses / Value 20 Millions of yen / Year on year against the same period last year Not disclosed, Indicator name Reduction in logistics costs / Value 30 Millions of yen / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Number of Customers In the first half, monthly customer traffic at existing stores was 95.3%–101.0% of the year-earlier level. / Average Spend per Customer In the first half, monthly average spend per customer at existing stores was 102.3%–104.4% of the year-earlier level; ¥2,450 after conversion to Sushi Iccho. |
| Number of stores and locations | Number of Stores at Period-End 270 / Stores opened during the period 0 / Stores closed during the period 17 / Number of format conversions 2 / Logistics facilities Consolidated from 12 logistics centers to 6 |
| Assumptions Underlying the Business Outlook | Number of Customers Customer traffic is expected to decline in the second half as well, based on the trend in customer traffic during the interim period. / Consumer Trends Consumers' inclination to economize amid higher prices / Costs Uncertain factors such as rising costs |
| Medium-term management plan targets | Strategy Transition to a strategically downsized growth model / Number of stores The 500-store era from 2028 onward / Operating profit Operating income of approximately ¥900 million in the fiscal year ending March 2028 |
| Financial targets | Equity ratio 23.3% (actual as of the end of September 2026, up 4.6 percentage points from the end of March) / Market capitalization Medium- to long-term target of more than ¥20 billion |
| Payout ratio | Assumed at 30%–50% |
| New initiatives | Conversion to the Sushi Iccho format, Opening the first store under the new “Kyoto Pasta More” model, Expansion of smartphone ordering to 156 stores, IP collaborations, digital marketing and inbound initiatives, Transition to a single-company structure and integration of head office functions, Integration of distribution centers, changed from 12 to 6 |
Items this document does not state (9)
Segment resultsNumber of employeesRisk amount incorporated into the outlookAnnual DividendAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
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.Improvement in the food cost ratio through menu and pricing revisions and lower purchase prices, control of logistics costs, reductions in labor costs through the introduction of smartphone ordering and optimization of staffing and working hours, and reductions in store operating expenses and head office costs.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.