Food & Life Companies (3563) investor relations material

Executive summary

• Q3 and nine-month results exceeded expectations, driven by robust international Sushiro growth and steady expansion in Japan, supported by strong campaigns and collaborations.

• International Sushiro segment profit rose 83.2% year-over-year, with significant strength in Mainland China and expansion to 340 stores outside Japan.

• A 2-for-1 stock split was executed on July 1, 2026, to improve liquidity.

Financial highlights

• Consolidated 9-month revenue rose 24.7% year-over-year to 390,421 million JPY; EBITDA up 38.7% to 56,177 million JPY; operating profit up 43.9% to 42,022 million JPY; profit for the period up 47.1% to 26,578 million JPY.

• For Q3 alone, revenue increased 24.6% year-over-year to 136,238 million JPY; EBITDA up 41.4% to 18,915 million JPY; operating profit up 44.2% to 13,942 million JPY; profit for the period up 41.7% to 8,790 million JPY.

• Store count reached 1,263, up by 83 from the previous year.

• Basic EPS was 117.09 JPY, up from 79.87 JPY year-over-year, reflecting the stock split.

Outlook and guidance

• Full-year revenue forecast raised to 505 billion JPY and operating profit to 50.5 billion JPY, reflecting strong business momentum.

• Adjusted EBITDA forecast for the full year is 71,000 million JPY (+36.3%), and profit attributable to owners of the parent is 31,500 million JPY (+37.3%).

• EPS forecast revised to 132.13 JPY, and ROE to 27.6%.

• Basic EPS for the full year is projected at 138.73 JPY, calculated post-stock split.

• New store opening guidance increased to 110–120 stores for the year.

• Exclusion of Kyotaru business as discontinued operation reduced revenue and operating profit forecasts by 20.0 billion JPY and 1.5 billion JPY, respectively.