Worth reading
51Recurring
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
—
Displayed only when the document provides numerical figures.Wording
Avoiding a definitive answer
How definitive the wording is.Contents of this document
Summary of Q&ASecond quarter of the fiscal year ending October 202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Selling, general and administrative expensesAmount not stated
Gross Profit MarginImproved. The year-on-year change is Not disclosed
Operating profit marginMaintained at a high level. The year-on-year change is Not disclosed
Results for the three months of the current quarterThe presentation explains the changes in gross margin, operating margin, SG&A ratio and same-store average spend compared with the first quarter, but the figures are Not disclosed
Full-year earnings forecastRevised upward. Forecast figures by line item and the unit are Not disclosed
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Store openings through the second quarter are progressing slightly below plan. Results, however, are tracking above both the previous fiscal year’s results and the previous revised forecastKey points of the Q&AKey questions raised by investors at the briefing and the company's answers
- Drivers of higher revenue and profit in the second quarter: strong same-store sales, margin improvement and effective cost management
- Second-half outlook: same-store sales and store-opening preparations are progressing smoothly, but the second-half forecast remains unchanged in light of uncertainty in the external environment
- Margin changes compared with the first quarter: sales were relatively lower in the second quarter due to seasonality, resulting in a higher SG&A ratio
- Slower growth in same-store average spend: the impact of the March 2025 price revision has run its course, while the uplift from the December revision was relatively smaller
- Operating profit exceeded plan because existing-store operating expenses, corporate expenses and new-store-related expenses were lower than planned
- Overseas operations: store openings and profitability improvements progressed in the United States, China, Switzerland and the franchise business
- Store-opening plan: openings through the second quarter were slightly below the plan for 60 domestic company-operated stores, but progress was made in securing properties
- Securing personnel: average wages were increased by approximately 6% and measures were implemented to improve employee retention. The turnover rate is below the industry average
- Situation in the Middle East: there has been no significant impact on procurement, but the company is closely monitoring higher costs for energy and other items
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Strong same-store sales, improved QSCA, longer operating hours, higher manufacturing efficiency, optimized food-material procurement, shift management, lower existing-store operating costs, lower corporate expenses, and lower new-store-related costs, among other factors. The amounts are Not disclosed
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Same-store sales are strong and food-material prices have recently stabilized, while unit energy costs are expected to rise due to the situation in the Middle East and other factors. The numerical assumptions are Not disclosedNew initiatives
Improving manufacturing efficiency at company-owned plants, optimizing food-material procurement methods, improving operating efficiency through digital transformation, introducing energy-saving noodle boilers, utilizing government subsidies, and preparing for additional overseas store openingsKey KPIsA metric the company considers important as a management benchmark.
- Domestic company-operated store opening plan60 Location
- Annual employee turnover rateSignificantly below the industry average of 28.4%
- Wage increase rate6 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
The year-on-year growth in same-store average spend is provided, but the figures for customer numbers and average spend are Not disclosedRisk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
The amount is Not disclosed. Risks include higher costs for energy, food packaging and containers associated with the situation in the Middle EastNumber of stores and locations
The company operates overseas company-owned and JV stores in the United States, China and Switzerland. The third New York store and the first and second stores in Switzerland are under preparation. The full-year domestic company-operated store opening plan is 60 stores. The number of stores at period-end and the number of openings and closures during the period are Not disclosedNumber of employees
The number of employees is Not disclosed. Average wages were increased by approximately 6% in January 2026. The turnover rate is significantly below the industry average of 28.4%| Item | Details |
|---|---|
| Document type | Summary of Q&A |
| Fiscal Period Covered | Second quarter of the fiscal year ending October 2026 |
| Gross Profit Margin | Improved. The year-on-year change is Not disclosed |
| Operating profit margin | Maintained at a high level. The year-on-year change is Not disclosed |
| Selling, general and administrative expenses | 非開示 |
| Results for the three months of the current quarter | The presentation explains the changes in gross margin, operating margin, SG&A ratio and same-store average spend compared with the first quarter, but the figures are Not disclosed |
| Full-year earnings forecast | Revised upward. Forecast figures by line item and the unit are Not disclosed |
| Self-assessment against the plan | Store openings through the second quarter are progressing slightly below plan. Results, however, are tracking above both the previous fiscal year’s results and the previous revised forecast |
| Breakdown of Factors Affecting the Change | Strong same-store sales, improved QSCA, longer operating hours, higher manufacturing efficiency, optimized food-material procurement, shift management, lower existing-store operating costs, lower corporate expenses, and lower new-store-related costs, among other factors. The amounts are Not disclosed |
| Key KPIs | Indicator name Domestic company-operated store opening plan / Value 60 Location / Year on year against the same period last year Not disclosed, Indicator name Annual employee turnover rate / Value Significantly below the industry average of 28.4% / Year on year against the same period last year Not disclosed, Indicator name Wage increase rate / Value 6 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | The year-on-year growth in same-store average spend is provided, but the figures for customer numbers and average spend are Not disclosed |
| Number of stores and locations | The company operates overseas company-owned and JV stores in the United States, China and Switzerland. The third New York store and the first and second stores in Switzerland are under preparation. The full-year domestic company-operated store opening plan is 60 stores. The number of stores at period-end and the number of openings and closures during the period are Not disclosed |
| Number of employees | The number of employees is Not disclosed. Average wages were increased by approximately 6% in January 2026. The turnover rate is significantly below the industry average of 28.4% |
| Assumptions Underlying the Business Outlook | Same-store sales are strong and food-material prices have recently stabilized, while unit energy costs are expected to rise due to the situation in the Middle East and other factors. The numerical assumptions are Not disclosed |
| Risk amount incorporated into the outlook | The amount is Not disclosed. Risks include higher costs for energy, food packaging and containers associated with the situation in the Middle East |
| Key points of the Q&A | Drivers of higher revenue and profit in the second quarter: strong same-store sales, margin improvement and effective cost management, Second-half outlook: same-store sales and store-opening preparations are progressing smoothly, but the second-half forecast remains unchanged in light of uncertainty in the external environment, Margin changes compared with the first quarter: sales were relatively lower in the second quarter due to seasonality, resulting in a higher SG&A ratio, Slower growth in same-store average spend: the impact of the March 2025 price revision has run its course, while the uplift from the December revision was relatively smaller, Operating profit exceeded plan because existing-store operating expenses, corporate expenses and new-store-related expenses were lower than planned, Overseas operations: store openings and profitability improvements progressed in the United States, China, Switzerland and the franchise business, Store-opening plan: openings through the second quarter were slightly below the plan for 60 domestic company-operated stores, but progress was made in securing properties, Securing personnel: average wages were increased by approximately 6% and measures were implemented to improve employee retention. The turnover rate is below the industry average, Situation in the Middle East: there has been no significant impact on procurement, but the company is closely monitoring higher costs for energy and other items |
| New initiatives | Improving manufacturing efficiency at company-owned plants, optimizing food-material procurement methods, improving operating efficiency through digital transformation, introducing energy-saving noodle boilers, utilizing government subsidies, and preparing for additional overseas store openings |
Items this document does not state (14)
Net SalesOperating profitOrdinary incomeNet incomeProgress against full-year forecastSegment resultsMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / Share
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.Sales and margins improved due to higher QSCA at existing stores, longer operating hours, improved manufacturing efficiency at company-owned plants, optimized food-material procurement, and labor-cost control through shift management.
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.