Kura Sushi (2695) Q2 2026 earnings summary

Executive summary

• H1 FY Oct 2026 net sales rose 6.5% year-over-year to ¥125.253bn, a sixth consecutive interim-period record; ordinary profit and net income exceeded 50% of full-year targets.

• Operating profit declined 14.7% to ¥2.476bn and net income attributable to owners of parent fell 6.1% to ¥1.835bn; comprehensive income rose 90.5% to ¥3.554bn on foreign currency translation gains.

Financial highlights

• H1 ordinary profit was ¥2.917bn, down 2.5% year-over-year; gross profit increased to ¥73.821bn from ¥69.527bn.

• Full-year plan achievement: revenue 48.7%, operating profit 49.5%, ordinary profit 56.1%, and net income 61.2%.

• Basic and diluted EPS were ¥23.09, versus ¥24.59 a year earlier; figures reflect the 2-for-1 stock split.

• Net cash provided by operating activities increased to ¥7.320bn from ¥4.483bn year-over-year.

Outlook and guidance

• FY Oct 2026 plan: revenue ¥257bn, operating profit ¥5.0bn, ordinary profit ¥5.2bn, and net income ¥3.0bn; operating profit and net income forecast to decline 8.4% and 16.8%, respectively.

• U.S. sales forecast is ¥51.1–51.4bn; 16 new stores planned, with 100 stores expected by year-end 2026 and annual store growth of at least 20%.

• Around 30 group openings planned: Japan around 10, U.S. 16, and Asia 5; priorities include U.S. and Asian expansion and Japanese urban locations.

• Asia plans emphasize promotions, broader menu price ranges, existing-store sales, profit protection, and entry into additional countries and regions.