Kura Sushi Inc

Kura Sushi (2695): Detective Conan in April, Dragon Ball in May

Equity Bottom-Up
210 Views, 10 May 2022 09:22
EXECUTIVE SUMMARY
  • Same-store sales were in line with the pre-pandemic levels, and our impression is neutral.
  • Same-store sales of other revolving sushi formats in April (compared to April 2021 and April 2019) were 105.3% and 104.2% for Sushiro (Food & Life Companies), 108.4% and 94.5% for Genki Sushi, and 103.7% and 87.1% for Kappa Sushi, respectively.
  • The number of stores at the end of April was 512 in Japan (+2MoM), 37 in the U.S. (+/-0 MoM), and 45 in Taiwan (+/-0 MoM)
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