Food & Life Companies (3563) Investor presentation summary

Strategy and FY29 targets

• Vision: make Sushiro the sushi brand the world loves most; focus resources on Sushiro following the FY26 Kyotaru divestment.

• FY29 targets: revenue ¥831.0bn, operating profit ¥88.0bn, operating margin 10.6%, and 1,570–1,580 stores.

• Planned pace: ~120 overseas and ~25 Japan Sushiro openings per year.

• Strengthen global HQ functions, producer partnerships, food safety, compliance, next-generation talent, AI and digital capabilities, and employee investment.

FY26 review and long-term ambition

• FY26 actual revenue was ¥515.3bn versus a revised ¥470.0bn target; operating profit was ¥51.5bn versus ¥33.5bn, achieving 110% and 154% of target, respectively.

• Overseas revenue reached ~41% of the total versus a revised target of ~34%; overseas stores totaled 340 versus a 310–320 target.

• Revenue is targeted to exceed ¥1 trillion around FY31–32, 3–4 years ahead of the previous target; cash generated is to be reinvested in foundations and growth beyond FY30.

Overseas Sushiro

• FY29 plan: revenue ¥460.6bn, operating profit ¥55.8bn, operating margin 12.1%, and 700–710 stores; FY26–29 revenue CAGR is 29.3%.

• Expand at an average of ~120 stores annually, led by Mainland China, while building presence in North America.

• Establish a strong position in Asia and North America by FY29, then accelerate wider global expansion from FY30 onward.