Notice Regarding the Revision of the Medium-Term Management Plan

Background of the Revision of the Medium-Term Management Plan

Ichibanya Co., Ltd. had aimed to become a 'Food Entertainment Company' based on its long-term management policy 'Ichibanya Long-Term Vision 2030' through the 8th Medium-Term Management Plan (fiscal years ending February 2025 to February 2027). However, due to factors such as the invasion of Ukraine, uncertainties in Middle East conditions, soaring procurement costs in the U.S., and increases in labor and logistics expenses, the company judged that it could not fully absorb these impacts through internal efforts alone. Therefore, it decided to revise its numerical targets, concluding that achieving the initially planned sales, profits, and store opening targets would be difficult.

Details of the Revisions

The revised consolidated earnings plan sets net sales at 72.6 billion yen (initially 74 billion), operating income at 5 billion yen (initially 7 billion), ordinary income at 5.04 billion yen (initially 7.3 billion), and net income attributable to owners of parent at 2.72 billion yen (initially 4.6 billion). The store plan was also revised as follows: domestic CoCo Ichibanya stores at 1,209 (initially 1,260), Pasta de Coco and others at 30 stores (initially 40), domestic subsidiaries at 64 stores (initially 60), overseas stores at 242 (initially 300), totaling 1,545 stores (initially 1,660).