Kura Sushi Asia Co., Ltd. · TPEX:2754
Kura Sushi Asia — Investor Presentation (August 2023)
21 slides from Kura Sushi Asia's investor presentation, Aug 30, 2023
Slide 1: KURA SUSHI ASIA CO.,LTD.
Stock Code：2754 KURA SUSHI ASIA CO.,LTD. 亞洲藏壽司股份有限公司 2023.8.30
Slide 2: Disclaimer
Disclaimer ◼ While the information contained herein has been prepared in good faith, the Company never has given or has authority to give, any representations or warranties as to, or in relation to, the accuracy, reliability or completeness of the information in this Presentation. Accordingly, the C
Slide 3: Table of Contents
Table of Contents 1. Company Overview………..…………….…..…..… P.2 2. Business Introduction………..…………….……… P.5 3. Financial Performance……….………….……..... P.12 4. Future Prospect………….……………….……....... P.17
Slide 4: Company Overview
Company Overview P. 2
Slide 5: Company Profile
Company Profile ◆Date of Establishment：January 21, 2014 ◆Capital：467,170(NT$ thousands) ※ ◆Chairman and President：Kentaro Nishikawa ◆Issued Shares： 46,717(thousand shares) ※ ◆Number of Employees： Full-time 513 employees Part-time 2,702 employees (Data as of April 2023) ◆Number of Stores：51 stores ※
Slide 6: Major Achievements
Major Achievements The 10 Key Years of Kura Sushi Ventured into the Asia Market 2023~ IPO Laid the Foundation 2019~2022 2014~2018 Feb. Keelung Zhongzheng Xin 3 Store The total number of stores reached 50. 2019 Listed on Emerging Stock Market 2020 Listed on TPEx Mainboard May The Group's largest flag
Slide 7: Business Introduction
Business Introduction P. 5
Slide 8: Company Philosophy - Key Commitments
Company Philosophy - 3 Key Commitments The taste of Japan right here 3 key commitments of Kura Sushi Adherence to Commitment the to Commitment to Comfortable Delicious and Fun Safety Dining Food Environment Since the initial stage of its business, the The exclusive patent fresh-keeping cover Over th
Slide 9: Competitive Advantage
Competitive Advantage Operational Technology and Know-How Unique dining experience Drawing on the Japanese parent company's By providing services such as Sendo-kun, years of store operation experience and the BIKKURA-PON! game (toys acquiring game), effective and efficient operating know-how and pla
Slide 10: Innovative Services
Innovative Services Self-checkout Machine NEW Sendo-kun E-PARK System NEW BIKKURA-PON! Mobile Ordering System Game Exclusive Store Operation IT System Plate Counter Water Collection System Express Deliver Lane P. 8
Slide 11: Store Numbers
Store Numbers The total number of stores reached 51 Expanding business scale, opening 5 to 10 stores annually Central 13 stores City Number Taichung City 10 Northern 27 stores (store) Total Stores Changhua County 1 City Number 60 Chiayi City 2 Keelung City 1 Taipei City 6 51 48 New Taipei City 11 50
Slide 12: Global Flagship Store
Global Flagship Store ◼ Edo Era "Food X Entertainment" making a comeback in contemporary times ◼ Kaohsiung Shihdai Boulevard Store, the first global flagship store outside Japan ◼ Kura Sushi Group's highest seating capacity globally with 288 seats Kaohsiung P. 10
Slide 13: Expanding to Shanghai
Expanding to Shanghai 1st Shanghai Dragon Dream Zhongshan Park Store 2nd Shanghai Metro City Store 3rd Jinqiao Mitsui Shopping Park Lalaport 6/15 opened 7/26 opened Store Coming Soon ◼ The size of the catering industry is beyond NTD20 trillion ◼ Japanese restaurants have grown sixfold in 6 years, be
Slide 14: Financial Performance
Financial Performance P. 12
Slide 15: Financial Performance
Financial Performance • In July 2023, the revenue was NTD492 million, which is a record high revenue for a single month. (NT$ thousand) Operating Revenue 600,000 500,000 Covid-19 Impact 400,000 300,000 200,000 100,000 - Oct. Oct. Oct. Oct. Feb. Feb. Feb. Feb. Jan. Jun. Jul. Feb. Jan. Jun. Jul. Jan.
Slide 16: Financial Performance
Financial Performance • The number of stores has increased year by year, effectively spurring revenue growth momentum. • The revenue from 2020 to 2022 was impacted by Covid-19, and now the operation has returned to stability, with an operating profit of about 8%. (NT$ thousand) Annual Trends (store)
Slide 17: Financial Performance
Financial Performance unit： NT$ thousand Item 2020 2021 2022 Q2’23 +/- • Due to the continuous expansion of stores, Cash 634,573 412,600 376,186 394,359 18,173 non-current assets increased by NTD413 million compared to December 2022. Total current assets 759,407 579,094 536,056 602,443 66,387 • The
Slide 18: Dividend
Dividend • Maintain a sound financial state and stabilize the allocation of cash dividend. (NT Dollar) Dividend 1.6 1.5 1.4 1.2 1 0.8 0.6 0.5 0.5 0.45 0.4 0.2 0 2019 2020 2021 2022 Cash dividend P. 16
Slide 19: Future Prospect
Future Prospect P. 17
Slide 20: Eyeing the Asia market while anchored in Taiwan
Eyeing the Asia market while anchored in Taiwan Continue to expand store network in Taiwan, with a goal of having over 70 stores. At the same time, Taiwan will be 70+ used as a base to venture to various Asian countries. The goal is to open 200 stores 200+ across Asia (excluding Japan). P. 18
Slide 21: Q&A
Q&A
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