Koshidaka Holdings

Koshidaka Holdings (2157): 1Q Sales and OP Beat the Company Target

Equity Bottom-Up
170 Views, 13 Jan 2022 18:44
EXECUTIVE SUMMARY
  • 1Q FY8/22: Recovery in karaoke demand exceeded the company assumptions
  • The total number of stores in the karaoke business segment (domestic and overseas consolidated) was 581 at the end of 1Q (+18 stores from 563 at end-FY8/21).
  • We estimate that sales at karaoke rooms continued to recover in December, in line with the increase in foot traffic.
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