Fiscal Year Ending December 2025 Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

For the fiscal year ending December 2025, consolidated results were net sales of 30,219 million yen (13.5% year-over-year increase), operating income of 2,930 million yen (15.8% year-over-year increase), ordinary income of 3,025 million yen (16.4% year-over-year increase), and net income attributable to owners of parent of 1,969 million yen (14.8% year-over-year increase). Demand in the dining-out sector remained strong due to the recovery of foot traffic in the food service industry and expanding inbound demand. Despite continued challenging business conditions caused by labor shortages and rising raw material costs, performance improved by introducing high value-added products and promotional measures. The total number of stores was 161 (146 steak & hamburger stores, 14 tonkatsu stores, and 1 izakaya store).

Financial Position and Future Outlook

At the end of the fiscal year ending December 2025, total assets were 26,715 million yen, net assets were 21,717 million yen, and the equity ratio was 81.0%. Cash flow from operating activities was positive at 3,366 million yen, cash flow from investing activities was negative at 1,436 million yen, and cash flow from financing activities was negative at 403 million yen. For the fiscal year ending December 2026, the company forecasts net sales of 33 billion yen, operating income of 3 billion yen, ordinary income of 3,050 million yen, and net income attributable to owners of parent of 2 billion yen. Dividends are planned at 28 yen annually (14 yen interim, 14 yen year-end).