Annual
Report 2015
Ye a r e n d e d A u g u s t 3 1 , 2 0 1 5

Securities code: 7581

Saizeriya Co., Ltd.

Management Philosophy

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,

For people

while ensuring the highest food safety. To fulfill this mission,

with gratitude
and love

we have established an integrated manufacturing andsales system covering all stages from raw material purchasing
and processing to restaurant service, and we offer healthy

Basic principles

and safe meals made from excellent ingredientsat 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.

1

Saizeriya Annual Report 2015

Right-mindedly

as fellow people

Harmoniouslywith employees,
customers,
and society

Expanding Our Outlet Network in Japan and Overseas

The Number of Restaurants
1,026
Overseas outlets
290
Japan & overseas total 1,316

Domestic outlets

Note: As of August 31, 2015

Beijing Saizeriya

Beijing46

Shanghai Saizeriya

100

Guangzhou Saizeriya

Shanghai

Guangzhou

Taiwan Saizeriya

98

TaiwanHong Kong Saizeriya

Hong Kong

Hokkaido andTohoku area

11

50

22

Chubu area

164

Singapore Saizeriya

Singapore

13

Fukushima Plant(Shirakawa City, Fukushima Prefecture)

Kinki area

195

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

23

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

Hyogo Plant(Ono City, Hyogo Prefecture)579

NEW OPENINGSNew outlets opened one after another!
2015.05.13

Summit Fujisawa Station North Exit(Kanagawa Prefecture)

2015.06.04

Motoyawata Station North Exit(Chiba Prefecture)

2015.07.11

Aeonmall Tonami(Toyama Prefecture)

2015.07.14

Aeon Fukuroi(Shizuoka Prefecture)

2015.07.23

Colorful Town Gifu(Gifu Prefecture)

2015.08.06

Garden Park Wakayama(Wakayama Prefecture)

2015.09.01

Tamachi Station East Exit Yachiyobashi(Tokyo)

2015.09.17

MASA21(Gifu Prefecture)

2015.10.01

Okegawa Mine(Saitama Prefecture)

Saizeriya Annual Report 20152

Consolidated Financial Highlights

2015
Years Ended August 31, 2015 and 2014

2014

2015

Millions of Yen

Thousands of U.S. Dollars

Operation Data:¥139,277¥125,618$1,149,340

Income before Income Taxes and Minority Interests

6,287

2,669

51,881Net Income

3,774

1,193

31,144

Total Assets

95,48587,224

787,960

Net Assets

72,424

68,643597,656

Net Income Per Share¥74.70¥ 23.65$0.62

Dividends Per Share

18.00

18.00

$0.15

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 ¥121.18=US$1, the approximate rate of exchange on August 31, 2015.

Net Sales

Net Income(millions of yen)(millions of yen)

139,277
125,618
104,235

5,471

110,428

3,937

3,774

1,193

2012

2013

2014

2015

2012

Total Assets

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

80,31687,47287,2242012

Saizeriya Annual Report 2015

2014

2015

2015

Equity Ratio(%)

95,48562,968

2013

2014

Net Assets

78.3

3

2013

2012

67,344

68,643

76.8

78.5

2013

2014

72,42475.7

2015

To Our Shareholders

Building a solid corporate structureand system for growth in new areas
beyond the milestone of 1,000 outlets
During the fiscal year ended August 31, 2015, the Japanese government’s monetaryand fiscal policies bore fruit in a gradual economic recovery,reflected for example in the improving trend of corporate earnings and employment,
which was also supported by inbound tourism consumption from the increasing number offoreigners visiting Japan.
For the dining-out industry, yen depreciation caused steep rises inimport prices and raw material prices,while labor shortage caused rises in personnel expenses,
contributing to continued challenges in the economic environment.
Against this background, Saizeriya pursued various initiatives
to boost profitability. These include our continuous efforts toopen new outlets both in Japan and overseas,
improving the quality of services at the outlets,
and increasing the attractiveness of products through menu
improvements. In June 2015, the number of Saizeriya outlets
in Shanghai has reached 100.
As a result of these initiatives, the Company achieved
record-high sales both in Japan and overseas,
posting consolidated net sales of ¥139,277 million(up 10.9% from the previous fiscal year), operating income of¥7,511 million (up 36.9%), ordinary income of ¥8,004 million(up 35.3%), and net income of ¥3,774 million (up 216.4%).
We ask for your continued understanding of our efforts,
and we look forward to the continued support of our shareholders.

Yasuhiko Shougaki

Chairman and Representative Director

Issei Horino

President and Representative Director

Saizeriya Annual Report 20154

Message from the President“Saizeriya achieved both sales andfor the first time in five years.”W

e are maintaining andimproving the service
quality at existing outlets,
while also improving their facilities.

during the fiscal year under review, the Company wasable to revamp the old outlet opening strategy andestablish a new outlet opening strategy model. We will
apply the new model to the outlet opening strategy to

Regarding the service standards at existing outlets,

be implemented in and after the next fiscal year. In thethe efforts at the individual outlet level were effective

area of facilities, we already succeeded in reducing by

in maintaining and improving the dining space

half the amount of kitchen floor space. If we could

environment as a restaurant, which strengthened

reduce it even further, it would be possible to open

the existing outlets and resulted in a rise in the number

outlets in areas where it was not previously feasibleof customers. Meanwhile, some of the outlets are

such as in a site in front of a station or in central Tokyo.

experiencing the deterioration of facilities partly as

If we could also reduce the amount of requireda result of a new opening rush in the past. In view ofinvestment, we could expand the geographic areas

this situation, the Company will focus on capitalwhere it is feasible to open a new outlet.

investment at existing outlets going forward. Although
the specific scope of such investment will vary witheach outlet, we will make sure that the investment willlead to the maintenance and improvement of the dining
space and kitchen environment, and will thereby

Marketing activities warrant special attention. Many

enhance the delight and convenience of the customers.

of our menus and interior posters seem to lack

Strengthening existing outlets is one of the highest-priority

ingenuity as compared with those of ourissues that we should address in developing future growthcompetitors. In contrast, our competitors are actively

strategies of the Company.

attracting customers by placing advertisingWe have reinvented
the outlet opening strategy

By restraining the number of new outlets opened5W

e are actively conducting
marketing activities

Saizeriya Annual Report 2015

signboards along major roads and in other places.
We believe that it is essential for the Company toconduct marketing activities that pay close attention
to details in order to strengthen the existing outlets.

income increases
Issei Horino

President and Representative Director

A new information system that we have beendeveloping for the past several years has started its
full-fledged operation in October 2015. We will makethe best use of the vast data to be collected throughthe new system to promote our marketing activities
under the leadership of data scientists, who arebeing developed internally.

We are strengthening
the business foundationof the overseas business
The number of overseas outlets reached 300 as of
September 30, 2015. With regard to Shanghai
Saizeriya, the number of outlets has reached 100 in
June 2015 after 11 and a half years since
the opening of its first outlet in Shanghai in
December 2003, which was our first overseas outlet.
The total operating income from overseas
subsidiaries accounts for 33% of the Group as awhole and its influence is increasing each year. To
realize further growth, it is time for us to revise theentire business strategy for the overseas businessincluding strengthening of the headquarter functions.
We will strengthen the overseas business as a pathto group-wide growth strategies.

Saizeriya Annual Report 20156

Consolidated Five-Year Summary

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

2011

2012

2013

2014

2015

2015

Net Sales¥99,860¥104,235¥110,428¥125,618¥139,277$1,149,340

Operating Income

11,552

9,884

7,547

5,488

7,511

61,982Net Income

5,874

5,471

3,937

1,193

3,774

31,144

Basic Net Income (2)115.37108.46

78.06

23.65

74.70

0.62

Cash Dividends Applicable to the Year

18.00

18.00

18.00

18.00

18.00

0.15

¥75,462¥ 80,316¥ 87,472¥ 87,224¥ 95,485$ 787,960

—

1,510

2,078

—

—

0

Net Assets

58,37562,96867,344

68,64372,424

597,656

Capital Expenditures¥ 5,464¥ 8,200¥ 13,700¥ 8,660¥5,970Depreciation and Amortization

3,573

3,975

4,974

5,996

5,946

Number of Full-Time Employees

2,423

2,686

3,081

4,104

4,391

947

1,018

1,095

1,248

1,361

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

Total Assets
Long-Term Loans Payable

Number of Restaurants$

49,26649,068Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥121.18=US$1, the approximate rate of exchange on August 31, 2015.
(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
125,618
99,860 104,235

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

Net Income(millions of yen)

11,982

5,874
10,526

110,428

8,450
11.9

5,471

8,004

3,937

3,774

5,917

10.0
7.7

4.7
2011

2012

2013

2014

2015

Total Assets / ROA

80,31687,472 87,224

10.5
13.5
10.1
6.8

7

Saizeriya Annual Report 2015

2013

2014

2015

2014

62,968

2015

67,344 68,643

2012

2013

2014

2015

72,424

9,456

9,446

9,720

8,911
7,189

5.4
6.1

2011

2012

Cash Flows

9.0

8.8

2011

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

95,48558,375

2012

2013

Net Assets (millions of yen)
ROE (%)

16.0

2011

2012

Net Assets / ROE

Total Assets (millions of yen)
ROA (%)

75,462

2011

1,193

5.7

2013

1.8
2014

2015

2011

2012

2013

2014

2015

Review of Operations

Operating Results forThis Term
During the fiscal year ended August 31, 2015,
the monetary and fiscal policies of the Japanese

Segment Results
Australia

3.3%
Asia

20.4%

government and the Bank of Japan bore fruit ina gradual economic recovery, reflected for example
in the improving trend of corporate earnings

Japan

76.3%

and employment, which was also supported by
inbound tourism consumption from the increasing
number of foreigners visiting Japan.
For the dining-out industry, yen depreciation
caused steep rises in import prices and raw
material prices, while labor shortage caused rises
in personnel expenses, contributing to continued
challenges in the economic environment.
Against this background, the Saizeriya Grouppursued various initiatives to boost profitability.
These include our continuous efforts to open new
outlets both in Japan and overseas, improving theJapan
Our efforts to strengthen the operation of existingoutlets including the service improvements fromthe customers’ perspective resulted in total sales of¥109,927 million (up 4.6% from the previous fiscal
year) and operating income of ¥4,717 million (up22.6%).

Australia
Many ingredients used by Saizeriya are manufactured
locally. In line with the sales trends of the Company,
we achieved ¥4,758 million in total sales (up 7.6%
from the previous fiscal year) and ¥332 million in
operating income (up 99.5%).

quality of services at the outlets, and increasingAsia

the attractiveness of products through menu

Saizeriya focused on attracting new customers andimproving awareness of our brand through opening
new outlets. As a result, total sales amounted to¥29,313 million (up 43.2% from the previous fiscal
year) and operating income was ¥2,521 million (up68.1%).

improvements. In June 2015, the number ofSaizeriya outlets in Shanghai has reached 100.
As a result of these initiatives, the Company
achieved record-high sales both in Japan andoverseas, posting consolidated net sales of¥139,277 million (up 10.9% from the previous
fiscal year), operating income of ¥7,511 million(up 36.9%), ordinary income of ¥8,004 million(up 35.3%), and net income of ¥3,774 million (up216.4%).

Outlook for the Next Term
The forthcoming fiscal year is expected to bring acontinued gradual economic recovery. However, theoutlook remains uncertain due to factors such asconcerns about a possible downturn of the overseas
economy. Accordingly, we forecast consolidated net
sales of ¥147.4 billion, operating income of ¥8.4
billion, ordinary income of ¥8.6 billion, and net
income attributable to owners of parent of ¥4.6
billion.

Saizeriya Annual Report 20158

Consolidated Balance Sheets

Millions of Yen

Thousands of U.S. Dollars

2015

2014

2015

Cash and deposits with banks¥24,113¥18,134$198,985

Accounts receivable–tenants

1,041

1,410

8,591

Securities

4,000

—

33,009Merchandise and finished goods

6,200

5,137

51,164

Raw materials and supplies

1,070

985

8,830

569

524

4,695

2,925

2,783

24,13839,92028,975

329,427

Buildings and structures

26,06026,746215,052

Machinery, vehicle and equipment

2,610

3,229

21,538

Furniture and fixtures

4,644

4,575

38,323

Land

6,952

6,975

57,369Lease assets, net

122

132

1,007

Construction in progress

417

397

3,441

40,80742,055

336,747

992

472

8,186

339

825

2,797

Caution and guarantee money

9,757

9,411

80,517

Cooperative advances for construction

1,290

1,718

10,645

Deferred tax assets

1,990

1,696

16,422

Other

402

2,083

3,317

Allowance for doubtful accounts

(14)

(15)

(116)

Total investments and other assets

13,765

15,720113,591

Total fixed assets

55,56558,249458,533¥95,485¥87,224$787,960

August 31, 2015 and 2014ASSETS
CURRENT ASSETS:

Deferred tax assets
Other
Total current assets
FIXED ASSETS:
Tangible fixed assets

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

TOTAL ASSETS

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥121.18=US$1, the approximate rate of exchange on August 31, 2015.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

9

Saizeriya Annual Report 2015

Millions of Yen

2015

August 31, 2015 and 2014

Thousands of U.S. Dollars

2014

2015

LIABILITIESCURRENT LIABILITIES:
Accounts payable–trade¥5,302¥ 5,021$43,753

Current portion of long-term loans payable

3,008

2,078

24,8238

8

66

Corporation and inhabitants taxes payable

1,720

561

14,194

Accrued bonuses

1,299

1,158

10,720

142

208

1,172

Asset retirement obligations

6

10

50

Derivatives liabilities

—

13

—

6,612

6,097

54,563

18,10015,158149,365

Long-term loans payable

485

—

4,002

Lease obligations

122

131

1,007

Deferred tax liabilities

30

32

248

3,916

2,871

32,316

407

387

3,359

Total long-term liabilities

4,961

3,422

40,939Total liabilities

23,061

18,581

190,304

Capital stock

8,612

8,612

71,068

Capital surplus

9,209

9,007

75,994Retained earnings

52,37649,510432,217

Treasury stock(1,986)(2,212)(16,389)

68,21264,917562,898

—

(13)

—

4,102

3,533

33,850

4,102

3,519

33,850

109

205

899

72,424

68,643597,656¥95,485¥87,224$787,960

Lease obligations

Allowance for special benefit for shareholders

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 201510

Consolidated Statements of Income

Millions of Yen

Thousands of U.S. Dollars

Years Ended August 31, 2015 and 2014

2015

2014

2015

NET SALES¥139,277¥125,618$1,149,340

COST OF SALES

52,05846,214

429,592

Gross profit

87,21979,403

719,747

79,70773,914

657,757

7,511

5,488

61,982

511

464

4,217

Interest income

239

227

1,972

Foreign exchange gains

68

—

561

Gain on valuation of derivatives

13

57

107

Compensation income

119

115

982

Other

70

64

578

18

36

149

Interest expenses

9

11

74

Foreign exchange gains

—

15

0

Other

9

9

74

8,004

5,917

66,051

181

—

1,494

Compensation income

148

—

1,221

Gain on reversal of subscription rights to shares

32

—

264

SPECIAL LOSS:

1,898

3,247

15,663

Impairment loss

1,787

2,970

14,747

Loss on retirement of fixed assets

82

218

677

Store closure loss

28

59

231

INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS

6,287

2,669

51,881

Corporation, inhabitants and enterprise taxes

2,827

2,178

23,329Deferred income taxes and other

(314)

(702)

(2,591)

Total income taxes

2,513

1,476

20,738

Income before minority interests

3,774

1,193

31,144NET INCOME¥3,774¥1,193$31,144SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
Operating income
NON-OPERATING INCOME:

NON-OPERATING EXPENSES:

Ordinary income
SPECIAL INCOME:

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥121.18=US$1, the approximate rate of exchange on August 31, 2015.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

11

Saizeriya Annual Report 2015

Consolidated Statement of Changes in Net Assets

Millions of Yen
Accumulated other comprehensive
incomeShareholders’ equity
Year Ended August 31, 2015

BALANCE AS OF SEPTEMBER 1, 2014

Capitalstock

CapitalsurplusRetainedearnings

Treasurystock

Subscription
Total
Valuationrights to
Total
accumulateddifference on Translation
sharesshareholders’
otheravailable-for- adjustments
equitycomprehensive
sale securities
income¥8,612¥9,007¥49,510¥(2,212)¥64,917¥(13)¥3,533¥3,519¥205

Total net
assets¥68,643

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

Dividends

(908)

(908)

(908)

Net income

3,774

3,774

3,774

(386)

(386)

(386)

613

815

815

Acquisition of treasury stock202

Disposal of treasury stock
Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2015

13

568

582

(96)

485

—

202

2,866

226

3,295

13

568

582

(96)

3,780

¥8,612¥9,209¥52,376¥(1,986)¥68,212—¥4,102¥4,102¥109¥72,424

Thousands of U.S. Dollars
Accumulated other comprehensive
incomeShareholders’ equity
Year Ended August 31, 2015

BALANCE AS OF SEPTEMBER 1, 2014

Retainedearnings

Treasurystock

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

Capitalsurplus$71,068$74,327 $408,566 $(18,254) $535,707$(107)$29,155$29,039

Total net
assets$1,692 $566,455

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

Dividends(7,493)(7,493)(7,493)

Net income

31,144

31,144

31,144(3,185)(3,185)(3,185)

5,059

6,726

6,726

Acquisition of treasury stock

1,667

Disposal of treasury stock
Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2015—
$71,068

107

4,687

4,803

(792)

4,002

27,191

107

4,687

4,803

(792)

31,193$75,994 $432,217 $(16,389) $562,898—$33,850$33,850

1,667

23,651

1,865$899 $597.656

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥121.18=US$1, the approximate rate of exchange on August 31, 2015.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

Saizeriya Annual Report 201512

Consolidated Statements of Cash Flows

Millions of Yen
Years Ended August 31, 2015 and 2014

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
Store closure loss
Impairment loss
Compensation income
Gain on reversal of subscription rights to shares
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
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 PERIODINCREASE IN CASH AND CASH EQUIVALENTS FROM NEWLY CONSOLIDATED SUBSIDIARYCASH AND CASH EQUIVALENTS AT END OF PERIOD

2015

Thousands of U.S. Dollars

2014¥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¥ 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$51,881
49,068
(0)
957
(545)
(1,972)
74
(231)
(107)
677
231
14,747(1,221)(264)
3,045(8,904)
(553)
858
3,070
413
111,223
1,568(74)(14,153)
98,556

500
—
212
1,500
(4,732)
(654)
(428)
742
(55)
(2,915)

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

4,126
—
1,749
12,378(39,049)(5,397)(3,532)
6,123(454)(24,055)

6,000(4,585)
(386)
720
(908)
840
323
10,191
17,921—¥28,113—(4,013)(0)—(908)(4,923)352(1,248)17,908
1,261¥17,92149,513(37,836)(3,185)
5,942(7,493)
6,932
2,665
84,098147,887—$231,994

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥121.18=US$1, the approximate rate of exchange on August 31, 2015.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

13

Saizeriya Annual Report 20152015

Corporate Data & Shareholders’ Information

Corporate Data

As of August 31, 2015

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

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

Beijing Saizeriya Co., Ltd.

Hideharu Matsutani

Taiwan Saizeriya Co., Ltd.

Noboru Nagaoka

Hong Kong Saizeriya Co. Limited

Minoru Orido

Singapore Saizeriya Pte. Ltd.

*As of November 27, 2015

Director
Director
Director

4,391 (regular employees; on a consolidated basis)
Number of Outlets

1,316(1,026 in Japan and 290 overseas)

Shareholders’ Information

As of August 31, 2015

Principal Shareholders
Percentage ofTotal Shares (%)

Yasuhiko Shogaki

Number of
Shares Held
(Unit: 1,000 shares)
15,953Babette Co., Ltd.

4,455

8.52

Saizeriya Employees’ Stock Holding Association

2,026

3.87

Saizeriya Co., Ltd.

1,465

2.80

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

1,016

1.94

Japan Trustee Services Bank, Ltd. (Trust Account)

958

1.83

Morgan Stanley & Co. LLC

889

1.70

Goldman Sachs and Company Regular Account

774

1.48

Japan Trustee Services Bank, Ltd. (Trust Account 9)

751

1.43

CBNY-Government of Norway

738

1.41

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

31,14930.51

Ownership of Shares by Category
Number of
Shareholders

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

Japanese financial institutions

31

6,026,200

11.55

Japanese securities companies

26

506,500

0.97

Other Japanese corporations

143

4,537,300

8.69

Foreign corporations and individuals

192

12,080,200

23.15

Japanese individuals and others

30,75729,035,900

55.64

Total

31,14952,186,100

100.00*Odd-lot shares are excluded.

Saizeriya Annual Report 201514

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