2026 Fiscal Year Second Quarter Financial Results Explanation Materials

Performance Overview

For the second quarter of fiscal year 2026 (Oct. 1, 2025 – Mar. 31, 2026), revenue reached ¥254.18 billion (up 24.7% YoY), operating income was ¥28.08 billion (up 43.7% YoY), and net income attributable to owners of the parent was ¥17.79 billion (up 49.9% YoY), all exceeding initial forecasts. Overseas operations, led by China, expanded significantly with accelerated store openings. Domestic operations also continued to grow steadily, driven by enhanced customer experience, improvements in product quality, digital initiatives such as Digiロー, and collaborations with IP brands.

Upward Revision of Earnings Guidance and Segment Trends

Full-year revenue guidance has been revised upwards from ¥485.0 billion to ¥505.0 billion, and operating income from ¥40.5 billion to ¥48.5 billion. Segment-wise, domestic Sushiro operations increased by 12.0%, overseas Sushiro operations grew by 60.0%, while KyoTaru business declined by 7.0%, and domestic Suginami 玉 business increased by 11.3%. Although depreciation and amortization expenses increased, operating margin improved from 9.6% in the same period last year to 11.0%. The equity ratio has risen to 26.3%, further strengthening the financial position.