Sales fluctuations caused by economic conditions, competition and delays in store openings

「The group's sales may fall below plan due to an economic downturn, man-made social unrest such as war and terrorism, natural disasters such as floods, earthquakes and epidemics, new openings by competitors, delays in the group's store openings and other factors, potentially affecting the group's consolidated results.」

「During the interim consolidated accounting period, Japan's economy showed signs of wage increases and rising personal consumption demand, and economic activity continued to normalize. In addition, inbound demand remained firm, and the economy continued on a gradual recovery track.」

「During the interim consolidated accounting period, Japan's economy showed signs of wage increases and rising personal consumption demand, and economic activity continued to normalize. In addition, inbound demand recovered, and the economy remained on a gradual recovery track. On the other hand, the dining-out industry in particular continued to face a challenging operating environment, with deteriorating international conditions and the weaker yen driving up energy and raw material prices, while labor costs rose amid labor shortages, leaving the outlook uncertain.」

「The group's sales may fall below plan due to an economic downturn, man-made social unrest such as war and terrorism, natural disasters such as floods, earthquakes and epidemics, new openings by competitors, delays in the group's store openings and other factors, potentially affecting the group's consolidated results.」

「Although the impact of various restrictions on activities to prevent the spread of COVID-19 has become very limited, consumers' lifestyles and behavior have changed significantly, including increased working from home and avoidance of banquets, particularly in the dining-out industry.」

「Although the impact of various restrictions on activities aimed at preventing the spread of COVID-19 has disappeared, consumer lifestyles and patterns of behavior have changed substantially, including increased working from home and avoidance of banquets.」

「The group's sales may fall below plan due to an economic downturn, man-made social unrest such as war and terrorism, natural disasters such as floods, earthquakes and epidemics, new openings by competitors, delays in the group's store openings and other factors, potentially affecting the group's consolidated results.」

「Although various restrictions on activities aimed at preventing the spread of COVID-19 have been eased, consumer lifestyles and patterns of behavior have changed substantially, including increased working from home and avoidance of banquets.」

「Although various restrictions on activities aimed at preventing the spread of COVID-19 have been eased, consumer lifestyles and patterns of behavior have changed substantially, including increased working from home and avoidance of banquets.」

「The group's sales may fall below plan due to an economic downturn, man-made social unrest such as war and terrorism, natural disasters such as floods, earthquakes and epidemics, new openings by competitors, delays in the group's store openings and other factors, potentially affecting the group's consolidated results.」

「In the food-service industry in particular, the operating environment became extremely challenging as requests to close businesses and restrictions on serving alcoholic beverages to prevent the spread of COVID-19, together with requests to refrain from going out, caused customer traffic to plunge. As a result, consolidated net sales for the cumulative third quarter under review were ¥3,298 million, or 69.9% of the prior-year level.」

「As stated in “3. Analysis of Financial Position, Operating Results and Cash Flows by Management,” the company's consolidated net sales were 40.9% of the prior-year level, resulting in a substantial net loss attributable to owners of the parent and an equivalent decline in net assets.」

「During the cumulative third quarter under review, Japan's economy declined rapidly as the declaration and extension of a state of emergency in response to the spread of COVID-19 caused a sharp economic downturn. Even after the declaration was lifted, the spread of infection had not yet subsided, and consumer activity remained severely stagnant. The food-service industry faced an extremely challenging operating environment as requests to close businesses and requests to refrain from going out to prevent the spread of COVID-19 caused customer traffic to plunge. As a result, consolidated net sales for the cumulative third quarter under review were ¥4,715 million, or 41.4% of the prior-year level.」

「During the cumulative second quarter under review, Japan's economy declined rapidly as the declaration and extension of a state of emergency in response to the spread of COVID-19 caused a sharp economic downturn. Even after the declaration was lifted, the spread of infection had not yet subsided, and consumer activity remained severely stagnant.」

「The food-service industry faced an extremely challenging operating environment due to requests to suspend operations and calls to refrain from going out to prevent the spread of COVID-19, which caused a sharp decline in customer visits. As a result, consolidated sales for the first quarter were ¥1,039 million, or 26.7% of the year-earlier level.」

「Subsequently, as the impact of operating under voluntary restrictions following the spread of COVID-19 caused same-store sales at all directly operated stores in March to fall to 59.3% of the prior-year level, consolidated net sales for the fiscal year were ¥14,567 million, or 95.4% of the prior-year level.」

「During the cumulative third quarter under review, Japan's economy remained on a moderate recovery trend, supported by improvements in corporate earnings and employment conditions. However, the outlook for the domestic economy remains uncertain because of uncertainty in the political and economic conditions in Japan and other countries.」

「However, the outlook for the domestic economy remains uncertain because of uncertainty in the political and economic conditions in Japan and other countries.」

「However, the outlook for the domestic economy remains uncertain because of uncertainty in the political and economic conditions in Japan and other countries.」

「The group's sales may fall below plan due to an economic downturn, man-made social unrest such as war and terrorism, natural disasters such as floods and earthquakes, new openings by competitors, delays in the group's store openings and other factors, potentially affecting the company's consolidated results.」

「During the cumulative third quarter under review, Japan's economy remained on a moderate recovery trend, supported by improvements in corporate earnings and employment conditions. However, the outlook for the domestic economy remains uncertain because of uncertainty in the political and economic conditions in Japan and other countries.」

「During the cumulative second quarter under review, Japan's economy remained on a moderate recovery trend, supported by improvements in corporate earnings and employment conditions. However, the outlook for the domestic economy remains uncertain because of uncertainty in the political and economic conditions in Japan and other countries.」

「However, the outlook for the domestic economy remains uncertain because of uncertainty in the political and economic conditions in Japan and other countries.」

「The group's sales may fall below plan due to an economic downturn, man-made social unrest such as war and terrorism, natural disasters such as floods and earthquakes, new openings by competitors, delays in the group's store openings and other factors, potentially affecting the company's consolidated results.」

「However, the outlook for the domestic economy remains uncertain because of uncertainty in the global economy associated with the UK's withdrawal from the EU and the transition to a new US administration.」

「However, the outlook for the domestic economy remains uncertain because of uncertainty in the global economy associated with the slowdown in China, the UK's withdrawal from the EU and the transition to a new US administration. Private consumption also continues to face a challenging operating environment because of uncertainty over the outlook for personal income.」

「However, the outlook for the domestic economy remains uncertain because of uncertainty in the global economy associated with the slowdown in China, the UK's withdrawal from the EU and the transition to a new US administration. Private consumption also continues to face a challenging operating environment because of uncertainty over the outlook for personal income.」

「The group's sales may fall below plan due to an economic downturn, man-made social unrest such as war and terrorism, natural disasters such as floods and earthquakes, new openings by competitors, delays in the group's store openings and other factors, potentially affecting the company's consolidated results.」

「During the cumulative third quarter under review, Japan's economy remained on a moderate recovery trend, supported by improvements in corporate earnings and employment conditions. However, the outlook for the domestic economy remains uncertain because of uncertainty in the global economy associated with the slowdown in China, the UK's withdrawal from the EU and the transition to a new US administration. Private consumption also continues to face a challenging operating environment because of uncertainty over the outlook for personal income.」

「However, concerns over deteriorating corporate earnings have intensified as the yen has appreciated rapidly due to the slowdown in the Chinese economy and issues surrounding the UK's withdrawal from the EU, leaving the outlook for the economy uncertain. Although demand for higher-priced products is said to be increasing in some areas with respect to private consumption, the operating environment remains challenging because of uncertainty over the outlook for personal income.」

「Sales may fall below plan due to an economic downturn, man-made social unrest, natural disasters such as floods and earthquakes, reduced demand associated with social events, new openings by competitors, delays in the group's store openings and other factors.」