SRS Holdings Co.,Ltd.
Earnings Presentation for the Second Quarter of Fiscal Year Ending March 2027
Revenue increased by +12.0% year-over-year due to M&A-related store additions. However, operating income and ordinary income declined due to adverse weather and higher SG&A including labor costs. Goodwill gain from the consolidation of Kyotaru boosted interim net income attributable to owners of the parent, and store count expanded by 172 stores to 958. Full-year consolidated guidance has been revised.
Key Figures
- Revenue: 41,694 million yen
- Operating Income: 1,088 million yen
- Ordinary Income: 1,017 million yen
AI要約
Overview of Results
Consolidated revenue for 2Q FY2027 rose +12.0% year-over-year, driven by increased store openings from M&A. However, the company could not fully absorb increases in SG&A, including higher labor costs and adverse weather effects, resulting in declines in operating income and ordinary income year-over-year. Some formats performed strongly due to new openings and existing-store improvement measures. A negative goodwill gain of 1,477 million yen arising from the acquisition of Kyotaru was recorded as an extraordinary gain, significantly increasing interim net income attributable to owners of the parent.
Outlook and Capital Policy
Full-year earnings forecasts have been revised. The dividend policy is based on a consolidated payout ratio of 20% or more, but the negative goodwill gain will not be included as a dividend source. The company will promote four priority strategies under the medium-term management plan "SRS VISION 2030," aiming to strengthen the Washoku Sato brand and establish a top-class position for the gourmet sushi chain.
SRS Holdings Co.,Ltd.
Company overview · Stock price · Financial data · All IR
