Annual Report

2014
Year Ended August 31, 2014

Saizeriya Co., Ltd.

P h i l o s ophy & Corporate Pro fi l e

Working to deliver high-value
meals every day
Saizeriya’s mission calls for consistently delivering healthy
and tasty Italian food at prices that everyone can afford,
while ensuring the highest food safety. To fulfill thismission, we have established an integrated
manufacturing and sales system covering all stages fromraw material purchasing and processing to restaurant
service, and we offer healthy and safe meals made fromexcellent ingredients at reasonable prices. As casual
Italian restaurants that customers enjoy visiting, Saizeriya
restaurants will continue to propose delightful ways ofsavoring Italian-style food culture with an à-la-carteordering system that meets dining requirements.

Basic principles
For people

Right-mindedlywith gratitude and love

as fellow people

2 Saizeriya Annual Report 2014

Harmoniouslywith employees, customers,
and society

Exp an d ing Our Outlet Net w o r k i n Ja p a n a n d Ove rse a s

We have reached the milestone of 1,000 outlets
in Japan and are steadily boosting the numberof overseas outlets.
Overseas
outlets

230
Beijing Saizeriya

Beijing 38

Shanghai Saizeriya

Shanghai 82

Guangzhou Saizeriya

Guangzhou 78

Taiwan Saizeriya

Taiwan 8

Hong Kong Saizeriya

Hong Kong 17

Domesticoutlets

1,018

Singapore Saizeriya

Singapore 7

Hokkaido andTohoku area

Fukushima Plant(Shirakawa City,
Fukushima Prefecture)

49

Australia Plant(Melton City, State of Victoria)
Hyogo Plant(Ono City, Hyogo Prefecture)

Kanto area

581

Chugoku area

14
Kyushu area

Chubu area

22

161
Kinki area

191

Chiba Plant(Chiba City,
Chiba Prefecture)
Yoshikawa Plant /Head Office(Yoshikawa City,
Saitama Prefecture)

Kanagawa Plant(Yamato City,
Kanagawa Prefecture)

1,248 outlets

Japan & overseas Total
Note: As of August 31, 2014

Saizeriya Annual Report 20143

C on s o lidated Financial Hi g h l i g h t s
S ai z e r i ya C o., Ltd . an d Its Co n s o lid ated Su b s id iaries

2014
Years Ended August 31, 2014 and 2013

2014

2013
Millions of Yen

Thousands of U.S. Dollars

Operation Data:¥125,618¥110,428$1,210,893

Income before Income Taxes and Minority Interests

2,669

7,059

25,728Net Income

1,193

3,937

11,500Total Assets

87,22487,472

840,794

Net Assets

68,64367,344

661,683

23.65¥ 78.06

18.00

18.00

Net Sales

Financial Data:

Per Share Data (Yen and U.S. Dollars):¥

Basic Net Income
Cash Dividends Applicable to the Year

$

0.23
0.17

Note: The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.74=US$1, the approximate rate of exchange on August 31, 2014.

Net Sales

Net Income(millions of yen)

125,618
99,860104,235

110,428(millions of yen)

5,874

5,471
3,937

1,193

2011

2012

2013

2014

Total Assets

2011

2012

2013

2014

Net Assets / Equity Ratio(millions of yen)

75,4622011(millions of yen)

80,3162012

4 Saizeriya Annual Report 2014

87,472

2013

87,224

2014

Net Assets

58,37562,968Equity Ratio(%)

67,344

68,643

77.3

78.3

76.8

78.5

2011

2012

2013

2014

To O u r Shareholders

Building a solid corporate structure and system
for growth in new areas beyond the milestone of
1,000 outlets
During the fiscal year ended August 31, 2014, the Japanese government’s monetary and fiscal policies bore fruit ina gradual economic recovery, reflected for example in the improving trend of corporate earnings. The outlook remains
uncertain, however, particularly given the potential impact of a rise in the consumption tax. For the dining-out industry,
yen depreciation and unfavorable weather caused steep rises in food ingredient and energy prices, contributing tocontinued challenges in the economic environment. Against this background, Saizeriya worked to build a corporate
structure and system that will enable it to continue growing in new areas beyond the milestone of 1,000 Japanese
outlets that was achieved.
We also pursued initiatives to boost profitability.
These included actively opening new outlets inJapan and overseas, setting up a range of businessprojects, raising awareness company-wide, andenhancing in-house training. The Company posted
consolidated net sales of ¥125,618 million in thefiscal year under review, up 13.8% from theprevious fiscal year, and operating income of¥5,488 million, down 27.3%. Due mainly to a risein impairment loss, the special loss rose by ¥1,792
million, holding net income to ¥1,193 million,a year-on-year decrease of 69.7%.
We also pursued a range of projects during the year
to secure further growth. Chief among these were
measures to enhance existing outlets based ona thorough review of services, facilities, and otherresources; the establishment of a more resilientsystem that can withstand the expected continuing
yen depreciation; and investment in IT systems thatcan better identify customer needs and incorporate
them as feedback in business operations.
We ask for your continued understanding of ourefforts, and we look forward to enjoying continued
support from you, our shareholders.
Yasuhiko Shogaki

Issei Horino

Chairman and Representative Director

President and Representative Director

Saizeriya Annual Report 20145

M es s ag e f rom the Pres ide n t

A range of initiatives to accelerateW

e are strengthening measures
to enhance existing outlets,
including improvement of service
standards and halving of kitchen
floor space.

standard outlet previously had an area of

Having achieved the milestone of 1,000 outlets inrestaurants in new market sectors and properties

Japan, we recognize that measures to enhance

where it was not previously feasible.

approximately 70 tsubo (231 square meters), but
we are now able to open on premises of less than
60 tsubo (198 square meters). This has reduced
the cost of new outlets, making it possible to open

existing outlets are particularly important andaccordingly have launched a proactive program ofW

imbalance, we implemented reforms thate are developing a more
resilient business structure
through active IT investment andfurther enhancement of training
standards.

cut out waste and realized finely targeted

We believe that it is essential to have theservice improvements.

technologies needed to identify customer needs

improvements. In the area of service standard
improvement, a survey to assess the quality of
Saizeriya’s service found a gap between employee
and customer perceptions. By correcting thisIn the area of facilities, we succeeded in

and improve the accuracy required for this task. We

reducing by half the amount of kitchen floor space.

have therefore set up a new Marketing Group andA refurbishment of existing outlets boosted thestarted human resource development in data

number of seats by around 20 on average, leading

science. We are also undertaking proactive IT

to an increase of about 20% in net sales. Ourinvestment in the fields of business intelligence andbusiness analysis, which will be necessary tosupport these functions.
As a result of the improvements that haveflowed from this IT investment, along with theswitch to more compact kitchens and otherreforms, we have developed acorporate culture that embraceschange as natural. One effect of

6 Saizeriya Annual Report 2014

growthIssei Horino
President and Representative Director

D

presented thus far at international scientificespite the expected worseningof the economic environment,
we aim to achieve a V-shaped
recovery in the fiscal year ending
August 31, 2015.

conferences and the introduction of functional

Yen depreciation, coupled with steep rises inapproach training in which employees play the roleenergy, raw material, and building costs, are amongof trainers.

the factors that forecast a more challenging

this is that we now receive a wide range ofsuggestions from frontline staff for improvements.
We have also achieved an enhanced level ofresearch and training, with three scientific papers

economic environment going forward. Nevertheless,W

e reached the milestone of
1,000 outlets in Japan andboosted overseas outlets to 230.

we aim to achieve a V-shaped recovery in the fiscal
year ending August 31, 2015.
To meet this goal, we have charted a strategic
roadmap for our operations in Japan. We have set

We achieved operation of a chain of 1,000 outlets

strategic goals in a number of areas, including

nationwide faster than originally planned. Going

financial and administrative processes, customers,

forward, we will further strengthen systems toand training, and are ensuring that these goals areenable continued development of new outlets

communicated to all employees. In terms of new

beyond the 1,000-outlet level. Concurrently, we

types of outlets, we aim to speed the validation

installed production lines for cooked vegetables atprocess to rapidly expand this second pillar of our

the Kanagawa and Hyogo Plants as part of a seriesbusiness in Japan. Meanwhile, acceleration ofof efforts to improve our production operations.

overseas operations and improvements to plants

The number of overseas outlets reached 230,

are among the measures aimed at building

with overseas operations accounting for 27% of

a more resilient system that can withstandoperating income. We will move ahead with an

yen depreciation.

active program to open new outlets, supported byenhancement of Head Office functions.
In terms of new types of outlets, in August

In line with the initiatives outlined above,
Saizeriya will move beyond its milestone of 1,000
outlets with continued investment to promote

2014 we launched Pastas, an outlet dedicatedinnovation and create new value in its

exclusively to takeout pasta, to satisfy customer

restaurant operations.

demand in this area.
Saizeriya Annual Report 20147

C on s o lidated Five-Year Summa r y
S ai z e r i ya C o., Ltd . an d Its Co n s o lid ated Su b s id iaries

Thousands of
U.S. Dollars (1)Millions of Yen
Years ended August 31

2010

2011

2012

2013

2014

2014

Net Sales¥99,459¥99,860¥104,235¥110,428¥125,618$1,210,893

Operating Income

14,365

11,552

9,884

7,547

5,488

52,901Net Income

7,842

5,874

5,471

3,937

1,193

11,500153.40115.37108.46

78.06

23.65

0.23

Per Share Data (Yen and U.S. Dollars):
Basic Net Income (2)Cash Dividends Applicable to the Year
Total Assets

18.00

18.00

18.00

18.00

18.00

0.17

¥74,102¥75,462¥ 80,316¥ 87,472¥ 87,224$ 840,794

Long-Term Loans Payable

1,488

—

1,510

2,078

—

—

Net Assets

53,90658,37562,96867,344

68,643

661,683

Capital Expenditures

¥

8,660

¥ 5,140¥ 5,464¥ 8,200¥ 13,700

Depreciation and Amortization

3,023

3,573

3,975

4,974

5,996

Number of Full-Time Employees
Number of Restaurants

2,200
888

2,423
947

2,686
1,018

3,081
1,095

4,104
1,248

$

83,47857,798Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.74=US$1, the approximate rate of exchange on August 31, 2014.
(2) The computation of net income per share is based on the weighted average number of shares outstanding during each year, retroactively adjusted for stock splits.
(3) Yen amounts less than one million yen are omitted; dollar amounts are rounded to the nearest one thousand dollars.

Net Sales

Ordinary Income/Ordinary Income Margin

Net Income(millions of yen)

Ordinary Income (millions of yen)
Ordinary Income Margin (%)
14,022(millions of yen)

125,618
99,45999,860 104,235

110,428

7,842

11,982
10,526

14.0

5,874

5,471

8,450

11.9
10.0

3,937

5,917
7.7

4.7
2010

2011

2012

2013

2014

Total Assets / ROA

2010

2011

2012

2013

2014

Net Assets / ROE

Total Assets (millions of yen)
ROA (%)
87,472 87,224
80,316
74,102 75,462

1,193
2010

2011

2012

2013

Cash Flows

Net Assets (millions of yen)
ROE (%)
67,344 68,643
62,96858,37553,906(= Net Income + Depreciation and Amortization)(millions of yen)
10,865
9,456

9,446

19.7

8,911

7,189

16.0
13.5

15.5

10.1

10.5

6.8

2010

2011

2014

2012

2013

8 Saizeriya Annual Report 2014

2014

2010

2011

9.0

2012

6.1

1.8

2013

2014

2010

2011

2012

2013

2014

R ev iew of Operations
S ai z e r i ya C o., Ltd . an d Its Co n s o lid ated Su b s id iaries

Operating Results for This Term

69.7%, reflecting an increase of ¥1,792 million in thespecial loss, mainly due to a rise in impairment loss.

During the fiscal year ended August 31, 2014, theJapanese government’s monetary and fiscal policies
bore fruit and encouraged a gradual recovery of theSegment Results

national economy, reflected for example in theJapan: Our new outlets and strengthened products

improving trend of corporate earnings. The outlook

resulted in total sales of ¥105,049 million andremains uncertain, however, particularly in light of theoperating income of ¥3,849 million.

increasingly serious debate over a further rise in the
consumption tax.
For the dining-out industry, yen depreciation,

Australia: Many ingredients used by Saizeriya are
manufactured locally. In line with sales trends, we

unfavorable weather and other factors caused steep

achieved ¥4,420 million in total sales and ¥166 million

rises in food ingredient and energy prices, while a sharp

in operating income.

increase in personnel costs due to labor shortages
contributed to the continued challenges in the

Asia: Saizeriya focused on attracting new customers

economic environment.

and improving awareness of our brand through opening

Against this background, the Saizeriya Group
worked to boost profitability through a range of

new outlets. Total sales amounted to ¥20,473 million,
and operating income was ¥150 million.

initiatives, including quality improvement based onplant production technology, enhancement of menus,
reinforcement of outlet service, upgrading of in-house

Outlook for the Next Termtraining, and continuous opening of new outlets in

The forthcoming fiscal year is expected to bring a

Japan and overseas.

continued gradual economic recovery. However, theAs a result of its efforts, the Group achieved theoutlook remains uncertain due to factors such as thehighest net sales in its history both in Japan andemployment situation and the potential impact ofoverseas, posting consolidated net sales of ¥125,618

moves toward a consumption tax increase in the fall of

million, up 13.8% from the previous fiscal year.

2015. Accordingly, we forecast consolidated net sales

Operating income, however, was ¥5,488 million, downof ¥135,500 million, operating income of ¥7,100

27.3%, and ordinary income was ¥5,917 million, down

million, ordinary income of ¥7,400 million, and net

30.0%. Net income totaled ¥1,193 million, a decline ofincome of ¥3,200 million.

Saizeriya Annual Report 20149

C on s o lidated Balance She e t s
S ai z e r i ya C o., Ltd . an d Its Co n s o lid ated Su b s id iaries

Thousands of
U.S. Dollars

Millions of Yen

2014

2013

2014

Cash and deposits with banks¥18,134¥17,988$174,802

Accounts receivable–tenants

1,410

1,254

13,592Merchandise and finished goods

5,137

4,666

49,518Raw materials and supplies

985

849

9,495

Deferred tax assets

524

613

5,051

2,783

2,644

26,82728,97528,016279,304

Buildings and structures

26,74626,038257,818

Machinery, vehicle and equipment

3,229

3,563

31,126

Furniture and fixtures

4,575

4,542

44,101

Land

6,975

6,954

67,235

Lease assets, net

132

141

1,272

Construction in progress

397

842

3,827

42,05542,082405,388

472

605

4,550

825

2,617

7,953

Caution and guarantee money

9,411

8,730

90,717

Cooperative advances for construction

1,718

2,174

16,561

Deferred tax assets

1,696

1,062

16,349

Other

2,083

2,200

20,079

(15)

(15)

(145)

Total investments and other assets

15,72016,768151,533

Total fixed assets

58,24959,456561,490¥87,224¥87,472$840,794

August 31, 2014 and 2013ASSETS
CURRENT ASSETS:

Other
Total current assets
FIXED ASSETS:
Tangible fixed assets

Total tangible fixed assets
Intangible fixed assets
Investments and other assets
Investment securities

Allowance for doubtful accounts

TOTAL ASSETS

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.74=US$1, the approximate rate of exchange on August 31, 2014.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

10 Saizeriya Annual Report 2014

Thousands of
U.S. Dollars

Millions of Yen

2014

2013

2014

¥ 5,021¥ 4,426$ 48,400

2,078

4,013

20,031

8

8

77

561

1,224

5,408

1,158

1,081

11,163

Allowance for special benefit for shareholders

208

227

2,005

Asset retirement obligations

10

21

96

Derivatives liabilities

13

71

125

6,097

4,224

58,77215,15815,298146,115

Long-term loans payable

—

2,078

—

Lease obligations

131

139

1,263

Deferred tax liabilities

32

—

308

2,871

2,563

27,675

387

46

3,730

Total long-term liabilities

3,422

4,829

32,986

Total liabilities

18,581

20,127179,111

Capital stock

8,612

8,612

83,015

Capital surplus

9,007

9,007

86,823Retained earnings

49,51049,481

477,251

Treasury stock(2,212)(2,211)(21,323)

64,91764,889625,766

(13)

(35)

(125)

3,533

2,333

34,056

3,519

2,298

33,921

205

157

1,976

68,64367,344

661,683¥87,224¥87,472$840,794

August 31, 2014 and 2013

LIABILITIESCURRENT LIABILITIES:
Accounts payable–trade
Current portion of long-term loans payable
Lease obligations
Corporation and inhabitants taxes payable
Accrued bonuses

Other
Total current liabilities
LONG-TERM LIABILITIES:Asset retirement obligations
Other

NET ASSETSSHAREHOLDERS’ EQUITY:

Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Translation adjustments
Total accumulated other comprehensive income
Subscription rights to shares
Total net assets
TOTAL LIABILITIES AND NET ASSETS

Saizeriya Annual Report 2014 11

C on s o lidated Statem ents o f I n c o me
S ai z e r i ya C o., Ltd . an d Its Co n s o lid ated Su b s id iaries

Thousands of
U.S. Dollars

Millions of Yen

2014

2013

2014

¥125,618¥110,428$1,210,893

COST OF SALES

46,214

38,250445,479

Gross profit

79,40372,178765,404

73,91464,630712,493

5,488

7,547

52,901

464

938

4,473

Interest income

227

207

2,188

Foreign exchange gains

—

640

—

Gain on valuation of derivatives

57

—

549

Compensation income

115

19

1,109

Other

64

71

617

36

36

347

Interest expenses

11

11

106

Foreign exchange gains

15

—

145

Loss on valuation of derivatives

—

20

—

Other

9

4

87

5,917

8,450

57,037

—

64

—

—

64

—

SPECIAL LOSS:

3,247

1,455

31,299Impairment loss

2,970

664

28,629Loss on retirement of fixed assets

218

139

2,101

Loss on valuation of stocks of subsidiaries and affiliates

—

540

—

Store closure loss

59

110

569

INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS

2,669

7,059

25,728

Corporation, inhabitants and enterprise taxes

2,178

3,277

20,995

Deferred income taxes and other

(702)

(156)

(6,767)

1,193¥ 3,937

Years Ended August 31, 2014 and 2013

NET SALESSELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Operating income
NON-OPERATING INCOME:

NON-OPERATING EXPENSES:

Ordinary income
SPECIAL INCOME:
Compensation income

NET INCOME¥

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.74=US$1, the approximate rate of exchange on August 31, 2014.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

12 Saizeriya Annual Report 2014$

11,500C on s o lidated Statem ent o f Ch a n g e s i n Ne t A sse t s
S ai z e r i ya C o., Ltd . an d Its Co n s o lid ated Su b s id iaries

Millions of Yen
Accumulated other comprehensive
incomeShareholders’ equity
Year Ended August 31, 2014

BALANCE AS OF SEPTEMBER 1, 2013

Retainedearnings

Treasurystock

Subscription
Total
Valuationrights to
Total
accumulateddifference on Translation
sharesshareholders’
otheravailable-for- adjustments
equitycomprehensive
sale securities
incomeCapitalstock

Capitalsurplus¥8,612¥9,007 ¥49,481 ¥(2,211) ¥64,889¥(35)¥2,333¥2,298

Total net
assets¥157 ¥67,344

Changes during the term
Increase in retained earnings
from newly consolidated subsidiary

(256)

(256)

(256)

Dividends

(908)

(908)

(908)

Net income

1,193

1,193

1,193

(0)

(0)

Acquisition of treasury stock(0)Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2014—
¥8,612

21

1,200

1,221

48

1,270

28

21

1,200

1,221

48

1,298

¥9,007 ¥49,510 ¥(2,212) ¥64,917¥(13)¥3,533¥3,519—(0)

28¥205 ¥68,643

Thousands of U.S. Dollars
Accumulated other comprehensive
incomeShareholders’ equity
Year Ended August 31, 2014

Capitalstock

CapitalsurplusRetainedearnings

Treasurystock

Subscription
Total
Valuationrights to
Total
accumulateddifference on Translation
sharesshareholders’
otheravailable-for- adjustments
equitycomprehensive
sale securities
incomeBALANCE AS OF SEPTEMBER 1, 2013 $83,015 $86,823 $476,971 $(21,313) $625,496$(337) $22,489 $22,152

Total net
assets$1,513 $649,161

Changes during the term
Increase in retained earnings
from newly consolidated subsidiary(2,468)(2,468)(2,468)Dividends(8,753)(8,753)(8,753)

Net income

11,50011,50011,500(0)(0)

Acquisition of treasury stock(0)Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2014

—

—

270

(0)

270

$83,015 $86,823 $477,251 $(21,323) $625,766

202

11,567

11,770463

12,242

202

11,567

11,770463

12,512$(125) $34,056 $33,921$1,976 $661,683

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.74=US$1, the approximate rate of exchange on August 31, 2014.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

Saizeriya Annual Report 2014 13

C on s o lidated Statem ents o f Ca sh F l o w s
S ai z e r i ya C o., Ltd . an d Its Co n s o lid ated Su b s id iaries

Thousands of
U.S. Dollars

Millions of Yen
Years Ended August 31, 2014 and 2013

OPERATING ACTIVITIES:
Income before income taxes and minority interests
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in accrued bonuses
Decrease in reserve for special benefit for shareholders
Interest income
Interest expenses
Exchange loss (gain)
Loss (gain) on valuation of derivatives
Loss on retirement of fixed assets
Loss on valuation of stocks of subsidiaries and affiliates
Store closure loss
Impairment loss
Compensation income
Increase in accounts receivable–tenants
Increase in inventories
Decrease (increase) in other current assets
Increase in accounts payable–trade
Increase in other current liabilities
Other
SubtotalInterest and dividends received
Interest paid
Payments of income taxes, etc.
Net cash provided by operating activities
INVESTING ACTIVITIES:
Purchase of investments in subsidiaries
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of tangible fixed assets
Purchase of intangible fixed assets
Payments for caution money, guarantee money and cooperative advances for construction
Proceeds from collection of caution, guarantee money and cooperative advances for construction
Increase in operating loans receivable
Other payments
Net cash used in investing activities
FINANCING ACTIVITIES:
Proceeds from long-term loans payable
Repayment of long-term loans payable
Purchase of treasury stock
Dividends paid
Net cash provided by (used in) financing activities
TRANSLATION DIFFERENCES ON CASH AND CASH EQUIVALENTS
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIODINCREASE IN CASH AND CASH EQUIVALENTS FROM NEWLY CONSOLIDATED SUBSIDIARYCASH AND CASH EQUIVALENTS AT END OF PERIOD

2014

2013

2014

¥ 2,669
5,996
(0)
44
(19)
(227)
11
2
(57)
218
—
59
2,970
—
(156)
(398)
91
350
1,400
202
13,157161(11)(2,842)
10,465¥ 7,059
4,974
12
(127)
(11)
(207)
11
(635)
20
139
540
110
664
(64)
(332)
(1,382)
(236)
510
30
(11)
11,065143(11)(3,859)7,337$ 25,728
57,798
(0)
424
(183)
(2,188)
106
19
(549)
2,101
—
569
28,629—(1,504)(3,837)877
3,374
13,495
1,947
126,827
1,552(106)(27,395)
100,877

—
(412)
280
(6,781)
(19)
(707)
796
—
(300)
(7,143)

(417)
(70)
—
(10,709)
(242)
(738)
861
175
(70)
(11,213)—(3,971)
2,699(65,365)(183)(6,815)
7,673—(2,892)(68,855)—(4,013)(0)(908)(4,923)352(1,248)17,908
1,261¥17,9215,000(2,409)
(0)
(906)
1,683
1,100
(1,091)
19,000—¥17,908—(38,683)(0)(8,753)(47,455)
3,393(12,030)
172,624
12,155$172,749

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.74=US$1, the approximate rate of exchange on August 31, 2014.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

14 Saizeriya Annual Report 2014

C or pora te D ata & Shareho l d e rs’ I n fo r ma t i o n
S ai z e r i ya C o., Ltd . an d Its Co n s o lid ated Su b s id iaries

Corporate Data
A s of A ugust 3 1, 2014

Company Name

Saizeriya Co., Ltd.
Chairman and Representative Director

Yasuhiko Shogaki
President and Representative Director

Issei Horino

Consolidated Subsidiaries

Board of Directors and Statutory Auditors*

Saizeriya Australia Pty. Ltd.

Yasuhiko Shogaki

Ryohei Shibata

ChairmanStanding Statutory Auditor

Shanghai Saizeriya Co., Ltd.

Issei Horino

Tsutomu Okada

President

Statutory Auditor

Guangzhou Saizeriya Co., Ltd.

Nobuyuki Masuoka

Yoshiaki Miyazaki

Director

Statutory Auditor

Hideharu Matsutani

Head Office2-5, Asahi, Yoshikawa City,
Saitama 342-0008, Japan

Director

Noboru Nagaoka
Director

Established

Minoru Orido

May 1, 1973

Director

Capital Stock¥8,612,500,000*As of November 27, 2014

Number of Employees

4,104
Number of Outlets

1,248

Shareholders’ Information
A s of A ugust 3 1, 2014

Principal Shareholders
Number of
Shares Held
(Unit: 1,000 shares)

Total Number of Shares Authorized

73,208,000
Number of Shares Issued

52,272,342
Shares Listed on

The First Sectionof the Tokyo Stock Exchange
Number of Shareholders

43,473

Yasuhiko Shogaki
Babette Co., Ltd.
Saizeriya Employees’ Stock Holding Association
Saizeriya Co., Ltd.
Japan Trustee Services Bank, Ltd. (Trust Account)
The Master Trust Bank of Japan, Ltd. (Trust Account)
THE BANK OF NEW YORKJASDECTREATY ACCOUNT
Goldman Sachs and Company Regular AccountUnion Bancaire Privée (Europe) S.A. 497200
Trust and Custody Services Bank, Ltd. (Pension Trust Account)

Percentage ofTotal Shares (%)

15,953
4,455
2,482
1,826
1,197
934

30.51
8.52
4.74
3.49
2.29
1.78

800

1.53

750
728
594

1.43
1.39
1.13

Number of
Shareholders

Number of
Shares Held*(Unit: 100 shares)

Percentage ofTotal Shares (%)

30

5,764,500

11.05

Ownership of Shares by Category

Japanese financial institutions
Japanese securities companies

24

526,700

1.01

Other Japanese corporations

177

4,579,800

8.78

Overseas corporations and individuals

160

7,072,200

13.56

Japanese individuals and others

43,082

34,224,500

65.60

Total

43,47352,167,700

100.00*Odd-lot shares are excluded.

Saizeriya Annual Report 2014 15

Saizeriya Co., Ltd.
2-5, Asahi, Yoshikawa City, Saitama 342-0008, Japan
Phone: +81-48-991-9611 Fax: +81-48-991-9637

URL http://www.saizeriya.co.jp/

Printed in Japan