Create Restaurants Holdings Inc.TSE: 3387

Financial Results of Fiscal 2022 Q3(Supplementary Material）

Mar 1, 2022 at 2:27 AM UTC · Issued by create restaurants holdings inc.

Unlimited excitement! Financial Results of Fiscal 2022 Q3

Welcome diversity(Supplementary Material）

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January 14, 2022

create restaurants holdings inc.

【TSE1, Stock code: 3387】

Contents

Ⅰ ． Financial Highlights

Financial Results Overview［IFRS］
Outlet Operating Conditions and Same-store Sales vs. FY2020 3．Financial Results Overview（By Category）
4．Topics ①②③

Ⅱ．Business Forecasts for Fiscal 2022

1. FY2022 Overview of Business Forecasts

Ⅲ．Shareholder Reward Policy

1. Shareholder Reward

Ⅳ．Appendix

Opening and Closing of Outlets
Same-storeSales Transition
Financial Position

１

Ⅰ . Financial Highlights

２

1. Financial Results Overview ［IFRS］

Revenue: 55.7 billion yen, Operating profit: 11.7 billion yen, Profit attributable to owners of parent: 7.4 billion yen,

Adjusted EBITDA: 24.2 billion yen

Revenue

・Generally in line with the target*1 of the full-year forecast announced on October 14, 2021 (approx. 400 million yen increase)

・Actual YoY same-store sales (vs. FY2020)*2 was 49.4% in the first three quarters.

Operating profit

(Same-store sales transition vs. FY2020)

	Sep.	Oct.	Nov.	Q3	Q3 (cumulative)
	（Sep.-Nov.）	（Mar.-Nov.）

Target	40.4%	56.5%	78.9%	58.8%	48.9%
Result	40.5%	65.5%	74.1%	60.0%	49.4%

・Exceeding the target by approximately 3.6 billion yen, secured a profit exceeding the full-year forecast by the third quarter. (progress rate: 108.5%)

・Completed and established a shift to a more lean cost structure that enables profits even with low sales.

・There is support from subsidy for shorten operation hours, employment adjustment subsidies, etc. that exceeded the initial expectations.

	FY2021 Q3	FY2022 Q3

(Million yen)	Result	Ratio to	Result	Ratio to
revenue	revenue

Revenue	56,732		55,721

Operating profit	△ 9,230	－	11,720	21.0%

Profit before taxes	△ 9,816	－	11,466	20.6%

Profit for the period	△ 9,869	－	8,385	15.0%

Profit attributable to	△ 8,779	－	7,449	13.4%
owners of parent


Adjusted EBITDA *3	3,694	－	24,219	43.5%

FY2022 Q3	Vs. target
		Difference
Target *1	Ratio to

revenue

55,278		+442

8,141	14.7%	+3,578

7,859	14.2%	+3,606

5,773	10.4%	+2,612

5,203	9.4%	+2,246


19,758	35.7%	+4,460

FY2022		Progress
（Disclosed on October 14, 2021）
rate

Forecast	Ratio to

revenue

91,200		61.1%

10,800	11.8%	108.5%

10,200	11.2%	112.4%

7,400	8.1%	113.3%

6,500	7.1%	114.6%


27,100	29.7%	89.4%

*1	: Figures for FY2022 Q3 (Target) are internal targets.
*2	： Actual same-store sales are calculated based on the figures for FY2020 before COVID-19, including closed outlet.
*3：Adjusted EBITDA= Operating profit + Other operating expenses - Other operating revenues (excluding sponsorship income, employment adjustment subsidies, subsidy for shorten
	operation hours, rent reductions and exemptions, etc.) + Depreciation and amortization + non-recurring expense items (advisory expenses related to share acquisition, etc.)

Copyright © 2021 create restaurants holdings inc. All Rights Reserved.	３

2. Outlet Operating Conditions and Same-store Sales vs. FY2020

・Declaration of the fourth State of Emergency and the stricter COVID-19 measures were extended, and then lifted at the end of September.

・In Tokyo, Osaka and other cities, requests to shorten business hours and refrain from serving alcohol continued until October 25 as a measure to prevent a rebound. Even after that, customers' consumption behavior, which had changed due to the self-restraint, did not return immediately.

97.5% of the Group was in business as of the end of November, but 54.5% of the Group continued to operate at shorter hours in response to business conditions.

	March	April	May	June
	（As of March 31, 2021）	（As of April 30, 2021）	（As of May 31, 2021）	（As of June 30, 2021）
Total number of outlets	1,073	1,075	1,068	1,067

Number of outlets in operation	1,041	760	790	994

（Number of outlets in operation /	97.0%	70.7%	74.0%	93.2%
Total number of outlets）

July		August		September		October	November	December
（As of July 31, 2021）		（As of August 31, 2021）		（As of September 30, 2021）		（As of October 31, 2021）	（As of November 30, 2021）	（As of December 31, 2021）
1,066	1,060	1,059	1,057	1,059	1,059

870	831	842	1,039	1,033	986

81.6%	78.4%	79.5%	98.3%	97.5%	93.1%

Number of outlets with shortened operating hours

(Number of outlets with shortened operating hours / Number of outlets in operation）

Actual same-store sales vs. FY2020 *2

（Reference） SFP Category

637	468	549	724

61.2%	61.6%	69.5%	72.8%
51.9%	47.6%	35.5%	42.2%

542	649	671	607	563	589

62.3%	78.1%	79.7%	58.4%	54.5%	59.7%
51.0%	38.3%	40.5%	65.5%	74.1%	74.8%
						* Preliminary figures for December

Total number of outlets	226	226	226	226

Number of outlets in operation	222	79	41	180

（Number of outlets in operation / Total number	98.2%	35.0%	18.1%	79.6%
of outlets）


Number of outlets with shortened	176	54	24	149
operating hours

(Number of outlets with shortened operating	79.3%	68.4%	58.5%	82.8%
hours / Number of outlets in operation）

Actual same-store sales vs. FY2020 *2	36.5%	30.2%	7.1%	14.7%

227	227	227	225	225	225

68	42	48	222	222	222

30.0%	18.5%	21.1%	98.7%	98.7%	98.7%

36	30	32	177	152	153

52.9%	71.4%	66.7%	79.7%	68.5%	68.9%
16.4%	5.4%	5.3%	40.4%	68.2%	67.7%
						* Preliminary figures for December

*1 The request was lifted on October 25 in Tokyo, Osaka, etc., the timing of the lifting varies by municipality.

*2 Definition of actual same-store sales vs. FY2020 : Calculated based on figures for outlets opened two years ago (FY2020) or earlier, and include outlets that were closed during the period.

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