Fiscal Year Ending October 2026 Q1 Earnings Presentation Materials

Performance Overview

In Q1 of the fiscal year ending October 2026, net sales were 10,642 million yen (YoY +25.1%), operating income was 1,434 million yen (YoY +85.2%), ordinary income was 1,433 million yen (YoY +85.3%), and quarterly net income was 960 million yen (YoY +75.6%), achieving significant year-over-year revenue and profit growth. Same-store sales performed well, gross profit margins improved due to a pause in food inflation and efficiency gains at the company's own factories. Selling, general and administrative expenses were properly controlled, resulting in the highest operating margin recorded.

Business Development and Outlook

The overseas business expanded with 5 directly managed stores in China, 1 JV store in Switzerland, and 3 directly managed stores in the United States, progressing towards profitability. The Swiss JV store, in particular, has contributed to earnings since its opening. Domestically, there are 8 directly managed stores and a net increase of 7 produced & franchise stores. The impact on operating income from store renovations and closures is decreasing, and efficiency improvements via induction heating equipment installation are progressing. The full-year earnings forecast has been revised upward, expecting net sales of 20,300 million yen, operating income of 2,220 million yen, ordinary income of 2,200 million yen, and net income attributable to owners of parent of 1,480 million yen.