Annual
Report 2016
Ye a r e n d e d A u g u s t 3 1, 2 0 1 6

Securities code: 7581

Saizeriya Co., Ltd.

Our Philosophy

Our mission“La Buona Tavola”

Our mission calls for a restaurant that brings joy
and happiness to all customers and employees.

Our Principle

For People
Through Right Way
With Love
1

Saizeriya Annual Report 2016

Expanding Our Outlet Network in Japan and Overseas

The number of restaurants
1,028
Overseas outlets
345Japan & overseas total 1,373

Domestic outlets

As of August 31, 2016

Beijing Saizeriya

Beijing

60

Guangzhou Saizeriya

Shanghai Saizeriya

Shanghai

120

113 Taiwan Saizeriya
Taiwan 12
Hong Kong Saizeriya
Hong Kong 24
Guangzhou

Hokkaido andTohoku area

54

Chubu area

168

Singapore Saizeriya

Singapore

16

Fukushima Plant(Shirakawa City, Fukushima Prefecture)

Kinki area

196

Chugoku area

15

Chiba Plant(Chiba City, Chiba Prefecture)

Australia Plant(Melton City, State of Victoria)

Kanagawa Plant(Yamato City, Kanagawa Prefecture)
Kanto area

Kyushu area

22

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

Hyogo Plant(Ono City, Hyogo Prefecture)573

NEW OPENINGSNew outlets opened one after another!
2016.Jul. 21
2016.Jul. 28
2016.Jul. 29
2016.Aug. 04
2016.Aug. 25
2016.Aug. 26
2016.Sep. 08
2016.Sep. 08
2016.Sep. 10
2016.Sep. 15

LAKE WALK Okaya (Nagano Prefecture)
Ito Yokado Yotsugi (Tokyo)
Ito Yokado Mizonokuchi (Kanagawa Prefecture)
Ito Yokado Kasai (Tokyo)
Odawara Dia-gai (Kanagawa Prefecture)
Ito Yokado Tsurumi (Kanagawa Prefecture)
Ichikawa SHOPS (Chiba Prefecture)
OBP TWIN21 (Osaka)
Kusatsu A SQUARE (Shiga Prefecture)
SunnysideMALL KOKURA (Fukuoka Prefecture)

Saizeriya Annual Report 20162

Consolidated Financial Highlights

2016

Years Ended August 31, 2016 and 2015

2015

2016

Millions of Yen

Thousands of U.S. Dollars

Operational Data:¥144,961¥139,277$1,404,933

Income before Income Taxes and Minority Interests

8,679

6,287

84,115

Profit Attributable to Owners of Parent

5,505

3,774

53,353

Total Assets

92,463

95,485896,133

Net Assets

72,66372,424704,235Net Income per Share¥108.65¥74.70$1.05

Dividends per Share

18.00

18.00

0.17

Net Sales

Financial Data:

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

Note: The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.18=US$1, the approximate rate of exchange on August 31, 2016.

Net Sales

Profit Attributable to Owners of Parent(millions of yen)(millions of yen)

139,277

144,961

125,618

5,505

110,428
3,937

3,774

1,193

2013

2015

2016

2013

2014

Total Assets

Net Assets / Equity Ratio(millions of yen)(millions of yen)

87,472

2013

3

2014

Saizeriya Annual Report 201687,2242014

95,485

2015

2016

Net Assets

92,4632016

2015

Equity Ratio(%)

67,344

68,64372,424

72,663

76.8

78.5

75.7

78.4

2013

2014

2015

2016

To Our Shareholders

Implementing innovation in both
hardware and software to build
a solid corporate system
For the dining-out industry, the challenging environment continued
due to labor shortage, rises in personnel expenses, and surging
vegetable prices caused by unfavorable weathers. Against thisbackground, Saizeriya pursued the building of a solid corporate
system in order to continue the steady provision of high quality
products and services to our customers.
For the results of the current fiscal year, the Company
achieved an increase in both sales and income for the second
year in a row, with a consolidated net sales of ¥144.9 billion (up4.1% from the previous fiscal year), operating income of ¥9.0
billion (up 19.9%). New outlets overseas and existing outlets inJapan contributed to the increase in sales, achieving record-high
net sales and number of customers. The main reasons for thestrong performance include improved domestic costs due toyen appreciation, as well as the effects of our ongoing service
improvement efforts since the previous fiscal year, and effective
measures against stores with deficit.
In the next term, the Company will implement innovation

Yasuhiko Shougaki

Chairman and Representative Director

Issei Horino

President and Representative Director

in both hardware and software for a further leap forward. As amajor effort, we will focus on capital investment in parts thatare visible to customers, including renovation of outlets andimprovement of cooking methods. In addition, we will continue
to increase productivity of plants and farms, implement initiatives
against waste loss, and work on energy saving and environmental measures. Taking into consideration the effects on theenvironment, society and economy our business activities have,
we strive to operate with corporate sustainability in mind.
We seek your continued understanding of our efforts, and
we look forward to the continued support of our shareholders.

Saizeriya Annual Report 20164

Message from the President“Saizeriya is launching a variety
Issei Horino

President and Representative Director

Business in JapanNew business format

WW

e are striving to becomea restaurant where customers
leave with a smile on their faces

Regarding the new business format in Japan, we

Regarding the restaurant business in Japan in thedeveloped new products that are sure to meet our

next term, we will pay special attention to changes

expectations.

that are visible and noticeable to customers, andlaunch a variety of measures.
Specifically, we will promote capital investment

Location has been selected, and we arecommencing the design of outlets and operations.
We are seeking after the stylishness that hasin our outlets to increase customer convenience.

not been offered by existing Saizeriya outlets,

As for our products, in an aim for product quality,

targeting a new customer base.

we will change the cooking methods in all our outlets,
one by one. Also, at our plants, we will conduct
capital investment to change production methods
and improve yields for the purpose of increasing
productivity. By eliminating the unnecessary elementsin the production process, we will strive to enhance
product freshness and food presentation.

5

e are expanding
the number of outlets

Saizeriya Annual Report 2016

of measures to speed up growth.”

Overseas business

Personnel and organization development

WW

e aim to localize
business models
operating based on the business model originatinge aim to develop into
an organization that enhancesindividual abilities and facilitates
their demonstrationin Japan.

We will increase our investment in training.

Regarding our overseas business, we have been

Aiming at further growth, we believe that it is

Until now, training has only been available toessential for the business model to adapt to local

a selected few employees of middle management

practices. We will come up with opening strategy toor above. Now, it has been expanded to cover allaccommodate local lifestyles as well as our productmanagers.

strategy to increase the frequency of customer visit.

It also has been limited to technical training, but

In addition, we will develop standards for services

now we will include training that improves the humanand quality based on the values of locals.

skills of employees.
As part of the efforts to provide an optimal
environment for the demonstration of abilities, wewill innovate our personnel system. In the new
system, fairness and transparency as well as the
motivation of individual employees will be greatly
enhanced. By introducing this system where individuals can demonstrate their strengths, we will
strive for a solid organization.

Saizeriya Annual Report 20166

Consolidated Five-Year Summary

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

2012

2013

2014

2015

2016

2016

Net Sales¥104,235¥110,428¥125,618¥139,277¥144,961$1,404,933

Operating Income

9,884

7,547

5,488

7,511

9,006

87,284

Profit Attributable to Owners of Parent

5,471

3,937

1,193

3,774

5,505

53,353

Basic Net Income (2)108.46

78.06

23.65

74.70

108.65

1.05

Cash Dividends Applicable to the Year

18.00

18.00

18.00

18.00

18.00

0.17

¥ 80,316¥ 87,472¥ 87,224¥ 95,485¥ 92,463$896,133

Long-Term Loans Payable

1,510

2,078

—

—

—

—

Net Assets

62,96867,344

68,64372,424

72,663704,235

Capital Expenditures¥ 8,200¥ 13,700¥ 8,660¥5,970¥5,442$52,743

Depreciation and Amortization

3,975

4,974

5,996

5,946

5,843

56,629Number of Full-Time Employees

2,686

3,081

4,104

4,391

4,290

Number of Restaurants

1,018

1,095

1,248

1,361

1,373

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

Total Assets

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.18=US$1, the approximate rate of exchange on August 31, 2016.
(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(millions of yen)

139,277

144,961

Ordinary Income (millions of yen)
Ordinary Income Margin (%)

125,618
104,235

5,505

5,471

10,526

110,428

Profit Attributable to Owners of Parent(millions of yen)

8,450

8,004

10.0
7.7

9,134
3,937

3,774

5,917
4.7

5.7

6.3
1,193

2012

2013

2014

2015

2016

Total Assets / ROA

2013

2014

2015

2016

Net Assets / ROE

Total Assets (millions of yen)
ROA (%)

80,316

2012

87,472 87,224

6.8

8.8

9.7

2015

2016

67,344 68,643

11,34872,424 72,663

9,446

9,720

8,911
7,189

9.0
10.1

2014

Cash Flows

95,485 92,463

13.5

2013

(= Net Income + Depreciation and Amortization)(millions of yen)

Net Assets (millions of yen)
ROE (%)

62,968

2012

7.6
6.1

5.4
1.8

2012

7

2013

Saizeriya Annual Report 2016

2014

2015

2016

2012

2013

2014

2015

2016

2011

2012

2013

2014

2015

Review of Operations

Segment ResultsJapan
Our efforts to strengthen the operation ofexisting outlets including the service improvementsfrom the customers’ perspective resulted in total

Australia

2.7%
Asia

sales of ¥112,865 million (up 2.7% from theprevious fiscal year) and operating income of¥6,613 million (up 40.2%).

21.5%
Japan

75.8%

Australia
Many ingredients used by Saizeriya are
manufactured in Australia. In line with thesales trends of the Company, we achieved¥4,037 million in total sales (down 15.2%
from the previous fiscal year) and ¥129 million
in operating income (down 61.1%).

Asia
Amidst the slowdown of sales and the surge
in personnel expenses caused by the stagnant
Chinese economy, Saizeriya focused on attracting
new customers and improving awareness ofour brand through opening new outlets. As aresult, total sales amounted to ¥32,060 million(up 9.4% from the previous fiscal year) andoperating income was ¥2,185 million (down
13.3%).

Outlook for the Next Term
The forthcoming fiscal year is expected to bring a continued gradual economic recovery
due to the effects of economic and monetary policies, and the boost brought about by
the Tokyo Olympic and Paralympic Games. However, the situation remains unclear due
to problems such as concerns about the slowdown of the overseas economy, the surge
in personnel expenses and staffing risks. Accordingly, we forecast consolidated net salesof ¥145.7 billion, operating income of ¥9.3 billion, ordinary income of ¥9.5 billion, and net
income attributable to owners of parent of ¥5.7 billion.

Saizeriya Annual Report 20168

Consolidated Balance Sheets

Millions of Yen

Thousands of U.S. Dollars (Note 1)

2016

2015

2016

Cash and deposits with banks¥30,217¥24,113$292,857

Accounts receivable–tenants

1,120

1,041

10,855

—

4,000

—

4,704

6,200

45,590Raw materials and supplies

959

1,070

9,294

Deferred tax assets

614

569

5,951

2,750

2,925

26,65240,36739,920391,229

Buildings and structures

24,395

26,060236,431

Machinery, vehicle and equipment

2,156

2,610

20,896

Furniture and fixtures

4,047

4,644

39,223

Land

6,932

6,952

67,184

Lease assets, net

113

122

1,095

Construction in progress

263

417

2,549

37,90840,807367,397

1,022

992

9,905

339

339

3,286

9,656

9,757

93,584

976

1,290

9,459

1,834

1,990

17,775

Other

372

402

3,605

Allowance for doubtful accounts

(14)

(14)

(136)

Total Intangible fixed assets and investments and other assets

13,164

13,765

127,583

Total fixed assets

52,09555,565504,894¥92,463¥95,485$896,133

August 31, 2016 and 2015

ASSETS
CURRENT ASSETS:

Securities
Merchandise and finished goods

Other
Total current assets
FIXED ASSETS:
Tangible fixed assets

Total tangible fixed assets
Intangible fixed assets
Investments and other assets
Investment securities
Caution and guarantee money
Cooperative advances for construction
Deferred tax assets

TOTAL ASSETS

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.18=US$1, the approximate rate of exchange on August 31, 2016.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

9

Saizeriya Annual Report 2016

Millions of Yen

Thousands of U.S. Dollars (Note 1)

2016

2015

2016

¥ 5,027¥ 5,302$ 48,721

485

3,008

4,701

8

8

78

Income taxes payable

1,918

1,720

18,589Accrued bonuses

1,433

1,299

13,888

Allowance for special benefit for shareholders

160

142

1,551

Asset retirement obligations

30

6

291

Derivatives liabilities

144

—

1,396

6,185

6,612

59,944

15,393

18,100149,186

Long-term loans payable

—

485

—

Lease obligations

113

122

1,095

Deferred tax liabilities

35

30

339

3,933

3,916

38,118

323

407

3,130

Total long-term liabilities

4,406

4,961

42,702

Total liabilities

19,79923,061

191,888

Capital stock

8,612

8,612

83,466

Capital surplus

9,215

9,209

89,310Retained earnings

56,96752,376552,113

Treasury stock(3,243)(1,986)(31,431)

71,552

68,212

693,468

985

4,102

9,546

985

4,102

9,546

126

109

1,221

72,66372,424704,235¥92,463¥95,485$896,133

August 31, 2016 and 2015

LIABILITIESCURRENT LIABILITIES:
Accounts payable–trade
Current portion of long-term loans payable
Lease obligations

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

NET ASSETSSHAREHOLDERS’ EQUITY:

Total shareholders’ equity
Accumulated other comprehensive income
Translation adjustments
Total accumulated other comprehensive income
Subscription rights to shares
Total net assets
TOTAL LIABILITIES AND NET ASSETS

Saizeriya Annual Report 201610

Consolidated Statements of Income

Millions of Yen

Thousands of U.S. Dollars (Note 1)

Years Ended August 31, 2016 and 2015

2016

2015

2016

NET SALES¥144,961¥139,277$1,404,933

COST OF SALES

53,39852,058517,523

Gross profit

91,56387,219887,41082,55779,707800,126

9,006

7,511

87,284

340

511

3,295

Interest income

217

239

2,103

Foreign exchange gain

—

68

—

Compensation income

46

119

446

Gain on valuation of derivatives

—

13

—

Other

76

70

737

212

18

2,055

Interest expenses

5

9

48

Foreign exchange loss

40

—

388

Loss on valuation of derivatives

144

—

1,396

Other

21

9

204

9,134

8,004

88,525

177

181

1,715

174

148

1,686

3

32

29

SPECIAL LOSS:

632

1,898

6,125

Impairment loss

541

1,787

5,243

Loss on retirement of fixed assets

77

82

746

Store closure loss

14

28

136

INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS

8,679

6,287

84,115Current income taxes

3,071

2,827

29,764

Deferred income taxes

102

(314)

989

3,173

2,513

30,752

5,505

3,774

53,3535,505¥ 3,774

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

NON-OPERATING EXPENSES:

Ordinary income
SPECIAL INCOME:
Compensation income
Gain on reversal of subscription rights to shares

Total income taxes
Net income
PROFIT ATTRIBUTABLE TO OWNERS OF PARENT¥

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.18=US$1, the approximate rate of exchange on August 31, 2016.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

11

Saizeriya Annual Report 2016$

53,353

Consolidated Statement of Changes in Net Assets

Millions of Yen
Accumulated othercomprehensive income

Shareholders’ equity
Year Ended August 31, 2016

BALANCE AS OF SEPTEMBER 1, 2015

Capital stock

CapitalsurplusRetainedearnings

Treasurystock¥8,612¥9,209¥52,376¥(1,986)

Total
shareholders’equityTranslation
adjustments¥68,212¥ 4,102

Subscription
Totalrights toaccumulatedsharesothercomprehensive
income¥ 4,102¥109

Total net
assets¥72,424

Changes during the term
Dividends

(914)

(914)

(914)

Profit attributable to owners of parent

5,505

5,505

5,505

(1,471)(1,471)(1,471)

213

220

220

Acquisition of treasury stock

6

Disposal of treasury stock
Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2016

(3,117)(3,117)17(3,099)

—

6

4,590

(1,257)

3,339(3,117)(3,117)17239¥8,612¥9,215¥56,967¥(3,243)¥71,552

¥ 985

¥ 985

¥126

¥72,663

Thousands of U.S. Dollars (Note 1)
Accumulated othercomprehensive income

Shareholders’ equity
Year Ended August 31, 2016

Total
shareholders’equityTranslation
adjustments

Subscription
Totalrights toaccumulatedsharesothercomprehensive
income$ 39,756$ 39,756

Total net
assetsCapital stock

CapitalsurplusRetainedearnings

Treasurystock$83,466$89,252$507,618$(19,248) $661,097

Dividends(8,858)(8,858)(8,858)

Profit attributable to owners of parent

53,35353,35353,353(14,257)(14,257)(14,257)

2,064

2,132

2,132

BALANCE AS OF SEPTEMBER 1, 2015

$1,056$701,919

Changes during the term

Acquisition of treasury stock

58

Disposal of treasury stock
Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2016—

58

44,485(12,183)$83,466$89,310$552,113$(31,431)$693,468(30,209)(30,209)165(30,035)(30,209)(30,209)

165

2,316

$ 9,546$ 9,546$1,221$704,235

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.18=US$1, the approximate rate of exchange on August 31, 2016.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

Saizeriya Annual Report 201612

Consolidated Statements of Cash Flows

Millions of Yen

2016

Years Ended August 31, 2016 and 2015

Thousands of U.S. Dollars (Note 1)

2015

2016

OPERATING ACTIVITIES:
Income before income taxes and minority interests
Depreciation and amortization
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in accrued bonuses
Increase (decrease) in reserve for special benefit for shareholders
Interest income
Interest expenses
Foreign exchange loss (gain)
Loss (gain) on valuation of derivatives
Loss on retirement of fixed assets
Store closure loss
Impairment loss
Compensation income
Gain on reversal of subscription rights to shares
Decrease (increase) in accounts receivable–tenants
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase in accounts payable–trade
Increase (decrease) in other current liabilities
Other
SubtotalInterest and dividends received
Interest paid
Income tax paid
Net cash provided by operating activities¥8,679
5,843
(0)
176
18
(217)
5
48
144
77
14
541
(174)
(3)
(78)
1,408
(44)
0
(116)
76
16,398148(4)(2,948)13,767¥6,287
5,946
(0)
116
(66)
(239)
9
(28)
(13)
82
28
1,787
(148)
(32)
369
(1,079)
(67)
104
372
50
13,478190(9)(1,715)
11,943$84,115
56,629
(0)
1,706
174
(2,103)
48
465
1,396
746
136
5,243
(1,686)(29)(756)
13,646(426)
0(1,124)
737
158,926
1,434(39)(28,571)
133,427———(4,475)
(326)
(435)
687
(236)
(4,787)

500
212
1,500
(4,732)
(654)
(428)
742
(55)
(2,915)———(43,371)(3,160)(4,216)
6,658(2,287)(46,395)—(3,008)(1,471)
196(913)(5,196)(1,679)2,104
28,113¥30,217

6,000(4,585)
(386)
720
(908)
840
323
10,191
17,921¥28,113—(29,153)(14,257)
1,900(8,849)(50,359)(16,273)
20,392
272,466$292,857

INVESTING ACTIVITIES:
Purchase of investments in subsidiaries
Proceeds from withdrawal of time deposits
Proceeds from withdrawal of long-term 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
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
Proceeds from exercise of share options
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 PERIODCASH AND CASH EQUIVALENTS AT END OF PERIOD

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥103.18=US$1, the approximate rate of exchange on August 31, 2016.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

13

Saizeriya Annual Report 2016

Corporate Data and Shareholders’ Information

Corporate Data

As of August 31, 2016

Consolidated Subsidiaries
Company Name

Saizeriya Co., Ltd.
Chairman and Representative Director

Yasuhiko Shogaki
President and Representative Director

Issei Horino
Head Office2-5, Asahi, Yoshikawa City,
Saitama 342-0008, Japan
EstablishedMay 1, 1973
Capital Stock¥8,612,500,000
Number of Employees

Saizeriya Australia Pty. Ltd.

Board of Directors and Audit andSupervisory Committee Members
Chairman

Yasuhiko Shogaki
President

Issei Horino

Shanghai Saizeriya Co., Ltd.
Director

Guangzhou Saizeriya Co., Ltd.

Nobuyuki Masuoka
Director

Hideharu Matsutani

Beijing Saizeriya Co., Ltd.

Director

Taiwan Saizeriya Co., Ltd.

Director

Noboru Nagaoka

Hong Kong Saizeriya Co. Limited
Singapore Saizeriya Pte. Ltd.

Minoru Orido
Outside Director

Koji Shimazaki
Director,
Audit and Supervisory Committee Member

Ryohei Shibata

Outside Director,
Audit and Supervisory Committee Member

4,290 (Full-Time employees; on a consolidated basis)

Tsutomu Okada

Number of Outlets

Outside Director,
Audit and Supervisory Committee Member

1,373 (1,028 in Japan and 345 overseas)

Susumu Watanabe*As of November 29, 2016

Shareholders’ Information

As of August 31, 2016

Principal Shareholders

Yasuhiko Shogaki

Number of
Shares Held
(Unit: 1,000 shares)
15,95352,272,342

Babette Co., Ltd.

4,455

8.52

The First Sectionof the Tokyo Stock Exchange

Saizeriya Employees’ Stock Holding Association

1,990

3.80

Saizeriya Co., Ltd.

1,938

3.70

Total Number of Shares Authorized

73,208,000
Number of Shares Issued
Shares Listed on

Number of Shareholders

34,673

Percentage ofTotal Shares (%)
30.51

Japan Trustee Services Bank, Ltd. (Trust Account)

1,738

3.32

The Master Trust Bank of Japan, Ltd. (Trust Account)

1,253

2.39

Goldman Sachs and Company Regular Account

931

1.78

MSIP CLIENT SECURITIES

600

1.14

NOMURA TRUST Bank, Ltd. (Trust Account)

530

1.01

BBH/SUMITOMO MITSUI TRUST (UK) LIMITEDFOR SMT TRUSTEES (IRELAND) LIMITED FOR
TOKIO MARINE JAPANESE EQUITY FOCUS

518

0.99

Ownership of Shares by Category
Number of
Shareholders

Number ofPercentage ofShares Held* Total
Shares (%)(Unit: 100 shares)

Japanese financial institutions

32

7,023,000

13.46Japanese securities companies

22

88,3000.17

Other Japanese corporations

170

4,565,700

8.75

Foreign corporations and individuals

191

10,018,000

19.20

Japanese individuals and others

34,25830,495,500

58.43

Total

34,67352,190,500

100.00*Odd-lot shares are excluded.
Saizeriya Annual Report 201614

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