Reports of the government’s consideration of a Go To Eat comeback and tax reforms affecting food and beverages have fueled activity in dining-related stocks. This article organizes the key points on 20 potential target stocks and the current situation at each company.
The government indicated at the House of Representatives Budget Committee that it intends to include Go To Eat as an item for consideration as support for the dining-out industry, and the prime minister responded, “That is indeed the case.” Against this backdrop, the Cabinet approved a related bill to cut the tax rate on food and beverages from 8% to 1% for two years starting in April 2027. However, the 10% rate for dine-in meals and alcoholic beverages would remain unchanged, and the tax rate gap with takeout is expected to widen substantially.
In response, dining-related stocks surged across the board in the following week’s market trading. Retty was bought up to its daily price limit, Gurunavi temporarily hit limit-up, and Saizeriya posted the largest percentage gain on the Prime Market, highlighting the strong moves in gourmet-related stocks.
Citing developments from the launch of Go To Eat in 2020, the article presents the view that the revival of online reservations and points-based promotions could affect earnings and share prices. It carefully selects and introduces 20 stocks across 4 segments, including gourmet websites, restaurant support, electronic vouchers, payments, izakaya, dining out and food-service ingredient wholesalers, including potential “next Retty” candidates.