Srs Holdings Co.,ltd. · TSE:8163
Srs Holdings Co.,ltd — Q1 FY3/27 Earnings Presentation
44 slides from Srs Holdings Co.,ltd's earnings presentation, Aug 7, 2026
Slide 1: Financial Results for the First Quarter of the Fiscal Year Ending March 2027
Financial Results for the First Quarter of the Fiscal Year Ending March 2027 August 7, 2026 SRS HOLDINGS CO., LTD. (Securities Code: 8163) © SRS HOLDINGS CO.,LTD. All rights reserved.
Slide 2: Agenda
01 1Q FY3/27 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 18 05 Appendix 23 © SRS HOLDINGS CO.,LTD. All rights reserved. 2
Slide 3: 1Q FY3/27 Overview of Financial Results
01 1Q FY3/27 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 18 05 Appendix 23 © SRS HOLDINGS CO.,LTD. All rights reserved. 3
Slide 4: Consolidated Financial Highlights
Consolidated Financial Highlights Net sales Operating profit Ordinary profit 19,028 million yen 267 million yen 229 million yen Up 6.5% YoY Down 53.7% YoY Down 58.9% YoY Number of restaurants Overview ◼ Number of Group restaurants 784 The increased net sales could not fully absorb SG&A expenses, res
Slide 5: 1Q FY3/27 Consolidated Profit and Loss (YoY Change)
1Q FY3/27 Consolidated Profit and Loss (YoY Change) ◼ Net sales increased 6.5% year on year, gross profit margin improved by 0.4% points, and gross profit increased by 826 million yen year on year as a result of M&A and new restaurant openings. ◼ On the other hand, an increase in SG&A expenses mainl
Slide 6: 1Q FY3/27 Consolidated Balance Sheet
1Q FY3/27 Consolidated Balance Sheet ◼ Decrease in current assets: mainly due to a decrease in cash and cash equivalents (repayments of borrowings, investments, etc.) ◼ Increase in non-current assets: due to an increase in property, plant and equipment caused by new restaurant openings, etc. ◼ Decre
Slide 7: 1Q FY3/27 YoY Changes in Consolidated Net Sales
1Q FY3/27 YoY Changes in Consolidated Net Sales ◼ New restaurant openings, M&A implemented in the previous fiscal year and sales growth in existing restaurants contributed to net sales. ◼ 5 domestic (3 directly-managed) and 4 overseas new restaurants opened. 5 restaurants closed.*2 (Millions of yen)
Slide 8: 1Q FY3/27 YoY Changes in Consolidated Net Sales by Business
1Q FY3/27 YoY Changes in Consolidated Net Sales by Business ◼ Large net sales contribution through M&A of Kaiten Sushi Hokkaido & Sushi Benkei in the previous fiscal year. ◼ Kazokutei, Tendon Tempura Honpo Santen, Katsuya, Karayama, etc. recorded a decrease in sales compared to the previous year. Ho
Slide 9: 1Q FY3/27 YoY Changes in Consolidated Operating Profit
1Q FY3/27 YoY Changes in Consolidated Operating Profit ◼ Gross profit in existing businesses increased and M&As in the previous fiscal year contributed to profit, but the increase in SG&A expenses from personnel expenses and others could not be fully offset. 1,500 (Millions of yen) 1,000 37 384 521
Slide 10: 1Q FY3/27 Quarterly Results
1Q FY3/27 Quarterly Results ◼ Both net sales and ordinary profit tend to be lower in 1Q than in other periods due to the nature of the portfolio, in which sales of stores that are strong during busy periods, such as “Washoku Sato” and gourmet sushi, account for more than 60% of the Group’s total sal
Slide 11: Results by Main Business Format
01 1Q FY3/27 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 15 04 Forecast for the Current Fiscal Year 19 05 Appendix 24 © SRS HOLDINGS CO.,LTD. All rights reserved. 11
Slide 12: 1Q FY3/27 Same-Store Sales by Major Business Format
1Q FY3/27 Same-Store Sales by Major Business Format ◼ Both “Washoku Sato” and “Nigiri Chojiro” steadily captured demand for eating out on special occasions in May and exceeded the previous year’s level. ◼ In June, sales were slightly lower than the previous year partly due to bad weather on the week
Slide 13: 1Q FY3/27 Same-Store Sales by Major Business Format
1Q FY3/27 Same-Store Sales by Major Business Format ◼ From May to June, the number of customers at “Nigiri Chojiro” increased due to the 25th anniversary campaign, etc., and the number of customers increased year on year. ◼ At “Washoku Sato,” the number of customers in May exceeded that of the previ
Slide 14: Key Topics
01 1Q FY3/27 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 18 05 Appendix 23 © SRS HOLDINGS CO.,LTD. All rights reserved. 14
Slide 15: Strong Sales in New Washoku Sato Business Areas and Large-Scale Renovation
Strong Sales in New “Washoku Sato” Business Areas and Large-Scale Renovation in Existing Restaurants ◼ Efforts to establish “Washoku Sato” as a national brand, a key strategy of the Medium-term Business Plan, are progressing well. The large-scale renovation of the Kishidado Strong sales in new busin
Slide 16: Accelerating New Gourmet Sushi Restaurant Openings
Accelerating New Gourmet Sushi Restaurant Openings ◼ With the aim of “achieving the overwhelming No. 1 position in the gourmet sushi segment,” we are accelerating new gourmet sushi restaurant openings and steadily expanding the business area. Strong sales at 2 new “Nigiri New “Umai Sushikan” restaur
Slide 17: FY3/27 Restaurant Openings by Business Format
FY3/27 Restaurant Openings by Business Format ◼ For gourmet sushi “Nigiri Chojiro” and “Amino Sushi,” contracts are completed for planned openings in this fiscal year. Restaurant openings are steady. FY3/27 No. of restaurant No. of Progress rate of *7 No. of restaurants As of end of 1Q openings rest
Slide 18: Forecast for the Current Fiscal Year
01 1Q FY3/27 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 18 05 Appendix 23 © SRS HOLDINGS CO.,LTD. All rights reserved. 18
Slide 19: FY3/27 Business Plan (No Change)
FY3/27 Business Plan (No Change) ◼ Forecasts for FY3/27, the second year of the Medium-term Business Plan, are expected to be in line with the Medium-term Business Plan, based on the increase in sales at existing restaurants and the contributions from new restaurants, while higher raw materials pric
Slide 20: 1Q FY3/27 Business Performance Progress Rate Against the Plan
1Q FY3/27 Business Performance Progress Rate Against the Plan ◼ Both net sales and ordinary profit tend to be lower in 1Q than other periods. Aim to achieve this year’s target from 2Q. Net sales (Plan) 19,459 million yen 83,000 million yen (Results) 19,028 million yen (Plan) Operating profit 472 mil
Slide 21: Dividend Results and Forecast
Dividend Results and Forecast Dividends results and forecast Dividends per share and consolidated dividend payout ratio ■ In principle, the basic policy is to determine dividends to (Yen) aim for a consolidated dividend payout ratio of 20% or more. We will promote a flexible dividend policy with the
Slide 22: Return to Shareholders
Return to Shareholders ■Reducing the number of shares required to be eligible to 100 shares, and expanded benefits for holders of 1,000 shares or more and 2,000 shares or more to further improve understanding of the business and investment attractiveness. [Expansion of the shareholder benefit progra
Slide 23: Appendix
01 1Q FY3/27 Overview of Financial Results 3 02 Results by Main Business Format 11 03 Key Topics 14 04 Forecast for the Current Fiscal Year 18 05 Appendix 23 © SRS HOLDINGS CO.,LTD. All rights reserved. 23
Slide 24: Management Initiatives Focused on Cost of Capital
Management Initiatives Focused on Cost of Capital Policy Specific Initiatives KPIs • Improve profitability of existing businesses. Maintain ROE of over 8% Improvement of ROE • Appropriate return to shareholders. FY3/30 target: Over 12% • Resolve stores with negative EBITDA and implement strict store
Slide 25: FY3/27 Financial Results Briefing
FY3/27 Financial Results Briefing ◼ The Company holds financial results briefings for institutional investors and analysts for the interim and full-year periods. ◼ The next full-year financial results briefing is scheduled for 13:30 to 14:30 on Wednesday, November 25, 2026. <Information on financial
Slide 26: About SRS Holdings (Company Profile)
About SRS Holdings (Company Profile) Characteristics of the SRS Group Year of establishment Paid in capital • Develops Japanese food restaurants in Japan and As of March 31, 2026 overseas • Establishes a dominant position in the Kansai region • Develops directly-managed stores mainly in suburban 196
Slide 27: About SRS Holdings: Philosophy
About SRS Holdings Philosophy Contributing to society through providing food services. Management principles Aiming to realize our dreams Sharing enjoyment with Loving communities and with partners. others. developing symbiotic relationships. © SRS HOLDINGS CO.,LTD. All rights reserved. 27
Slide 28: About SRS Holdings: 784 restaurants
About SRS Holdings Number of domestic restaurants (758) As of June 30, 2026 202 stores 130 stores 74 stores 62 stores 59 stores Sushi delivery 53 stores 35 stores 26 stores 24 stores 9 stores business 12 stores 8 stores 7 stores 5 stores Highway 6 stores business 4 stores 1 store 1 store 1 store 1 s
Slide 29: SRS Group Major Brands
SRS Group Major Brands ■ Japanese-style family restaurants ■ Washoku Sato The largest chain of Japanese-style family restaurants in Japan. The all-you-can-eat menu items “Sato Shabu,” “Sato Suki,” and “Sato Style Yakiniku” are very popular. ■ Gourmet sushi ■ Katsugyo Kaiten Sushi Nigiri Chojiro A go
Slide 30: SRS Group Major Brands
SRS Group Major Brands ■ Gourmet sushi ■ Kaiten Sushi Hokkaido & Sushi Benkei The brand is popular in the San’in region for serving fresh and big sushi. Fresh fish served at the restaurants are purchased daily from ports across Japan, including Sakai Port, which is one of the leading ports in Japan.
Slide 31: SRS Group Major Brands
SRS Group Major Brands ■ Rice bowls, set meals and others ■ Tendon Tempura Honpo Santen Authentic tendon and tempura are served based on the concept of “Quick, Low-Price and Really Hot.” A fast casual restaurant business that offers authentic tendon and tempura at the lowest price range. ■ Miyamoto
Slide 32: SRS Group Major Brands
SRS Group Major Brands ■ Rice bowls, set meals and others ■ Tamagoyaki and Dashi Himawari The meals served mainly consist of the signature tamagoyaki (akashiyaki), which reproduces the authentic flavor of the original in Akashi. The chefs are committed to making fluffy tamagoyaki in-store for each o
Slide 33: Summary of the Medium-term Business Plan: SRS VISION 2030
Summary of the Medium-term Business Plan SRS VISION 2030 ”Entertain with heartwarming Japanese cuisine, from Japan to the world.” We aim to become a social infrastructure for food that is essential for people around the world by bringing affordable, casual, and approachable Japanese cuisine througho
Slide 34: Summary of the Medium-term Business Plan
Summary of the Medium-term Business Plan <Basic Policy> Dramatically develop existing businesses and establish a new earnings base to become the unrivaled No. 1 Japanese restaurant chain <Key Strategy Ⅰ > <Key Strategy Ⅱ > <Key Strategy Ⅲ > Establishing “Washoku Sato” “Nigiri Chojiro” and Establishi
Slide 35: Consolidated Numerical Targets for SRS VISION 2030
Consolidated Numerical Targets for SRS VISION 2030 ◼ By implementing the four key strategies, we will achieve increases in net sales and profits, as well as improvements in profitability and return on capital. Implementing four key strategies <Existing stores> <<Financial impact>> Improve profitabil
Slide 36: Consolidated Numerical Targets for SRS VISION 2030
Consolidated Numerical Targets for SRS VISION 2030 Millions of yen Net sales 115,000 Millions of yen Ordinary profit 103,000 Over 2.4 times 92,000 83,000 6,000 76,000 67,478 4,700 3,600 CAGR 3,000 2,800 2,539 Over 11% FY3/25 FY3/25 25/3期実績 26/3期 27/3期 28/3期 29/3期 30/3期 25/3期実績 26/3期 FY3/26 27/3期 FY3
Slide 37: Sustainability Initiatives
Sustainability Initiatives ・ Basic policy on sustainability Business activities of the SRS Group are guided by the philosophy of “contributing to society through providing food services.” We are dedicated to growing together with all stakeholders, including customers, employees, business partners, s
Slide 38: Sustainability Initiatives: DREAM
Sustainability Initiatives Key themes Details of Initiatives Applicable SDGs Aiming to realize our dreams with partners. Encouraged employees to use annual paid leave and to take 7 consecutive vacation days Continued the employee parent-child discount to assist with caring for children at all D Wash
Slide 39: Sustainability Initiatives: LOVE
Sustainability Initiatives Key themes Details of Initiatives Applicable SDGs Loving communities and developing symbiotic relationships. Promoted mottECO activities Activities to reduce waste Participated in the “Eat Everything Campaign” conducted by local governments materials Donated to food banks
Slide 40: Sustainability Initiatives
Sustainability Initiatives Activities to reduce food waste 〇 What is mottECO? • A new doggy bag idea begun by the Ministry of the Environment in October 2020. It was selected through a contest as a new name for taking home leftovers from restaurants, carried out based on mutual agreement between the
Slide 41: New Restaurants Opened in FY3/27
New Restaurants Opened in FY3/27 SATO don Future Park Rangsit, Thailand SATO don Central Pattaya Beach, Thailand Washoku Sato Kanonshinmachi, Hiroshima opened on April 1, 2026 opened on May 1, 2026 Pref. opened on May 19, 2026 Torisho Atsuta Ichiban, Aichi Pref. Nigiri Chojiro Nagahama, Shiga Pref.
Slide 42: New Restaurants Opened in FY3/27
New Restaurants Opened in FY3/27 Katsuya Nara Tenri, Nara Pref. opened on Torisho Kawaguchi Maekawa, Saitama Pref. June 24, 2026 opened on June 24, 2026 © SRS HOLDINGS CO.,LTD. All rights reserved. 42
Slide 43: IR Information
IR Information ■Official website <IR site> ■Shared Research Providing information for shareholders and investors. As a sponsored research report, detailed information on IR is Monthly information and various IR materials are also posted on posted. the IR website https://sharedresearch.jp/ja/companie
Slide 44: Contact information
Contact information SRS HOLDINGS CO., LTD. IR & Public Relations Dept. (Sasaki, Kamitani) TEL: +81-6-7410-5067 Email: srsir@sato-rs.jp The Group’s plans, estimates, forecasts, strategies, policies, targets, and other future information disclosed by the Company are based on the Company’s judgments an