Annual
Report 2019
Ye a r e n d e d A u g u s t 3 1, 2 0 1 9

Securities code: 7581

Saizeriya Co., Ltd.

Our Mission

Our Philosophy

La
Buona
Tavola!
Our mission calls for a restaurant that brings joy andhappiness to all customers and employees.

Our Principle

1

Saizeriya Annual Report 2019

For People
Through Right Way
With Love

Expanding Our Outlet Network in Japan and Overseas

The Number of Restaurants
1,093
Overseas outlets
411
Japan & overseas total 1,504

Domestic outlets

Beijing Saizeriya

Beijing80

Shanghai Saizeriya

Shanghai
Guangzhou Saizeriya

Guangzhou

118

Hokkaido andTohoku area

As of August 31, 2019

133

61

Taiwan Saizeriya

Taiwan14

Chubu area

170

Hong Kong Saizeriya

Hong Kong

39

Fukushima Plant(Shirakawa City, Fukushima Prefecture)

Kinki area

202

Singapore Saizeriya

Singapore

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

Chugoku area

20

27

Chiba Plant(Chiba City, Chiba Prefecture)

Kanagawa Plant(Yamato City, Kanagawa Prefecture)
Kyushu area

31

Australia Plant(Melton City, State of Victoria)

Kanto area
Hyogo Plant(Ono City, Hyogo Prefecture)

New outlets opened one after another!

609

1,500 outlets worldwide

Aug. 1, 2019 Saizeriya, Yurimachi Sodegaura Ekimae Mall (Chiba Prefecture)
Aug. 1, 2019 Saizeriya, LaLa square Yokkaichi (Mie Prefecture)
Aug. 8, 2019 Saizeriya, SEIBU Honkawagoe PePe (Saitama Prefecture)
Aug. 9, 2019 Saizeriya, youme Town Fukuyama (Hiroshima Prefecture)
Sep. 27, 2019 Saizeriya, LINK SQUARE Shinjuku (Tokyo)
Oct. 25, 2019 Saizeriya, Namamugi Station (Kanagawa Prefecture)
Nov. 7, 2019 Saizeriya, AEON Kasai (Tokyo)
Nov. 14, 2019 Saizeriya, Tsurukawa Station North Exit (Tokyo)
Nov. 14, 2019 Saizeriya, AEON TOWN Yokkaichi-Tomari (Mie Prefecture)
Nov. 22, 2019 Saizeriya, Kumamoto Shimotori (Kumamoto Prefecture)
Nov. 27, 2019 Saizeriya, Ito Yokado Kokuryo (Tokyo)
Nov. 28, 2019 Saizeriya, Ito Yokado Tateba (Kanagawa Prefecture)
Dec. 4, 2019 Saizeriya, VIVA HOME Honjo Central (Saitama Prefecture)

Saizeriya Annual Report 20192

Consolidated Financial Highlights
2019Years Ended August 31, 2019 and 2018

2018

2019

Millions of Yen

Thousands of U.S. Dollars

Operational Data:¥156,527¥154,063$1,470,289

Income before Income Taxes and Minority Interests

7,443

7,603

69,914

Profit Attributable to Owners of Parent

4,980

5,074

46,778

Total Assets

108,970

104,896

1,023,577

Net Assets

85,177

83,396800,085

Net Income per Share¥101.48¥102.69$0.95

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 ¥106.46=US$1, the approximate rate of exchange on August 31, 2019.

Net Sales

Profit Attributable to Owners of Parent(Millions of yen)

144,961

148,306

154,063

156,527(Millions of yen)

7,496

5,505

2016

2017

2018

2019

2017

Total Assets

Net Assets / Equity Ratio(Millions of yen)

(Millions of yen)

102,731

104,896

2016

Saizeriya Annual Report 2019

Net Assets

2018

2018

2019

Equity Ratio(%)

80,412

83,39685,177

78.4

78.1

79.1

77.6

2016

2017

2018

2019

72,663

2017

4,980

108,970

92,463

3

2016

5,074

2019

To Our Shareholders
In the dining-out industry, the environment remainedof our customers over many years, we reached a total ofchallenging, as high labor costs persisted due to factors

1,500 outlets across Japan and overseas in July 2019. As

such as an increase in the minimum wage, sales suffereda result, the Company recorded consolidated net sales ofthe effects of natural disasters such as earthquakes and¥156.5 billion (up 1.6% from the previous fiscal year) andtorrential rain, and energy prices surged. Against thisoperating income of ¥9.5 billion (up 11.1%).

background, Saizeriya has worked to build a solid

In the fiscal year ending August 31, 2020, with thecorporate system in order to continue the steady provision

aim of attaining future growth and further advances, theof high-quality products and services to our customers.

Company will promote innovation, focusing on both hard

During the fiscal year ended August 31, 2019, weand soft aspects.

pushed ahead with the introduction of new technologies

Our principal initiatives are to develop attractive

and preparation methods, in order to develop products

products unique to Saizeriya and enhance quality andthat will bring customers into our outlets. At the same time,

productivity through technological improvement. At theworking to create an environment where customers cansame time, in our operations we will emphasize initiatives

dine in safety with peace of mind, we implemented variousthat lead to corporate sustainability, such as measures

measures in advance of full-scale enforcement of the Act

against waste loss and energy saving and environmental

on the Partial Revision of the Health Promotion Act scheduled

measures at our outlets, plants, and farms.

for 2020, including making all our outlets non-smoking

We seek your continued understanding of our efforts as

and refurbishing existing outlets. Thanks to the support

our shareholders, and look forward to your continued support.

Issei Horino

President and Representative Director

Yasuhiko Shougaki

Chairman and Representative Director

Saizeriya Annual Report 20194

Message from the President

Utilizing the strengths of every individual togrow further as an organization
Issei Horino

President and Representative Director

Business in Japan

Overseas business

Aiming to enhance the value of outlets throughdelicious taste

Integrating authentic flavors, to make Italiancuisine part of everyday life

Regarding the restaurant business in Japan, we lowered

For the overseas business, in addition to actively integrating

the base price of almost all our products by 2% due tohigh-value products such as those from our own factory

the tax increase.

in Australia and authentic ingredients from Italy, we are

Regarding merchandising, we will provide customers

engaged in creating outlets with an Italian flavor, in harmony

with products that represent value for money by utilizing

with the local fashion, with an accompanying enhancement

the strength of our own captive factories to promote ourin the standard of service.

core products, and further increase our range of seasonings
to brighten up the meals of each and every customer.
In addition, we will continue vigorous investment in an

to expand overseas, and we have now turned an operating
profit across all our overseas companies, with the proportion

app to increase the product knowledge and customerof profit from overseas representing a significant support

service standard of the employees for a sales boost,for the Saizeriya Group. We will continue to strengthen ouradvance implementation of non-smoking designationbase in order to achieve stable growth.

for all our outlets, refurbishment of existing outlets andso forth, to offer customers more comfortable spaces
where they can dine with peace of mind.

5

It has been more than a decade since Saizeriya began

Saizeriya Annual Report 2019

New business formats

Personnel and organization development

Expanding our profit model to pursue
new possibilities

Transforming into a next-generation organization

For new businesses in Japan, we have commenced

implementing measures that emphasize management

demonstrating a more effective profit model in preparation

education and philosophy education so as to inculcate

for future outlet development.

habits of thinking and encourage the organization to

As for the organization development, we have been

We will reconsider the product price range for thelearn. At workplaces, we will establish a system for

pasta business, for which the profit model design we havedivision of labor so as to expedite employees’ training as

been working on for some time is nearing completion,

professionals in various fields such as operational planningreconstruct it based on an urban model, and promoteand education, improve the working environment so as toopening of new outlets.

improve retention, and fully utilize the labor market so

We will also model the breakfast market as a newmarket. Through creating a new model where we canas to enhance productivity.
Through building “communityship,” we will work to

respond to needs that are rare in existing Saizeriyastrengthen the horizontal ties between employees andrestaurants, we will expand the possibilities for coexistence

create outlets where both customers and employeeswith existing restaurants, and for new outlet locations.

can feel peace of mind.

Saizeriya Annual Report 20196

Consolidated Five-Year Summary(Millions of Yen)

2015

2016

2017

2018

2019

139,277

144,961

148,306

154,063

156,527

Operating Income

7,511

9,006

11,216

8,640

9,599

Ordinary Income

8,004

9,134

11,885

8,895

9,731

Profit Attributable to Ownersof Parent

3,774

5,505

7,496

5,074

4,980

Total Assets

95,48592,463

102,731

104,896

108,970

Net Assets

72,424

72,66380,412

83,39685,177

Shareholders’ Equity Ratio
(%)

75.7

78.4

78.1

79.1

77.6

Net Income per Share
(Yen)

74.70

108.65151.48102.69101.48Cash Dividends per Share
(Yen)

18.00

18.00

18.00

18.00

18.00

Net Sales

Net Sales

Ordinary Income / Ordinary Income Margin(Millions of yen)

139,277

144,961 148,306

154,063 156,527

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

Profit Attributable to Owners of Parent(Millions of yen)

7,496

11,885
9,134

8,895

8,004

5,505

9,731

5,074

4,980

2018

2019

3,774
8.0

5.7

2015

7

2016

Saizeriya Annual Report 2019

2017

2018

2019

2015

6.3

2016

2017

5.8

6.2

2018

2019

2015

2016

2017

Segment Results
Total sales in Japan were ¥118,988 million (down 0.3% from the previous fiscal
year) affected by sluggish sales in existing outlets. However, gross profit improvedJapan

due to a drop the in prices of imported ingredients because of the strong yen andthe EPA, and operating income was ¥5,116 million (up 3.6%).
Ingredients used by Saizeriya are manufactured in Australia. Total salesin Australia were ¥4,309 million (down 6.5% from the previous fiscal year)

Australia

and operating income was ¥78 million (up 76.7%).
Owing to the attraction of new customers as a result of the promotion of scrap
and build activities, as well as internal and external outlet refurbishment, total sales

Asia

in Asia were ¥37,394 million (up 8.3% from the previous fiscal year) and operating
income was ¥4,379 million (up 20.2%).

Outlook for the Fiscal Year Ending August 31, 2020
(Millions of Yen)

Consumer sentiment is deteriorating, and prospects
remain unclear in view of the uncertain effects of theconsumption tax increase, as well as the effects of
Brexit and prolonged trade frictions. In addition, the risein energy prices due to the deterioration of conditionsin the Middle East, and the surge in labor costs indicatethat the situation will remain unpredictable.

billion, ordinary income of ¥10.4 billion, and profit
attributable to owners of parent of ¥6.0 billion.

156,527

161,000

Operating Income

9,599

10,100Ordinary Income

9,731

10,400

Profit Attributable to Owners of
Parent

4,980

6,000

Net Assets / ROE

Total Assets (Millions of yen)
ROA (%)

95,485 92,463

2020
forecasts

Net Sales

In these conditions, the Company will strive toprovide yet more superior products and even greater
value for money. Accordingly, we forecast consolidated
net sales of ¥161.0 billion, operating income of ¥10.1

Total Assets / ROA

2019
results

Cash Flows*

Net Assets (Millions of yen)
ROE (%)

102,731 104,896(Millions of yen)

108,970
80,412 83,396

13,30885,177

11,371 11,208

11,34872,424 72,663
9,720
9.8
12.2

8.8

2015

9.7

2016

2017

7.6
8.6

9.1

2018

2019

5.4

2015

2016

2017

6.2

5.9

2018

2019

2015

2016

2017

2018

2019

*Net Income + Depreciation and Amortization

Saizeriya Annual Report 20198

Consolidated Financial Statements
Consolidated Balance Sheets

Millions of Yen

Thousands of U.S. Dollars (Note 1)

2019

2018

2019

Cash and deposits with banks¥ 43,266¥ 37,486$ 406,406

Accounts receivable–tenants

1,979

1,276

18,589Merchandise and finished goods

5,653

6,372

53,100

855

700

8,031

4,260

4,153

40,01556,01549,989526,160

Buildings and structures

24,22825,677

227,578

Machinery, vehicle and equipment

1,792

2,184

16,833

Furniture and fixtures

4,306

4,929

40,447

Land

6,919

6,939

64,992

Lease assets, net

85

94

798

Construction in progress

439

356

4,124

37,77140,182354,791

685

750

6,434

259

259

2,433

10,308

10,217

96,825

310

480

2,912

3,433

2,782

32,247

Other

199

248

1,869

Allowance for doubtful accounts

(13)

(13)

(122)

Total Intangible fixed assets and investments and other assets

14,498

13,974

136,183

Total fixed assets

52,95554,907497,417¥ 108,970¥ 104,896$ 1,023,577

August 31, 2019 and 2018ASSETS
CURRENT ASSETS:

Raw materials and supplies
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 ¥106.46=US$1, the approximate rate of exchange on August 31, 2019.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

9

Saizeriya Annual Report 2019

Millions of Yen

Thousands of U.S. Dollars (Note 1)

2019

2018

2019

¥ 5,792¥ 5,886$54,4059985

Income taxes payable

1,837

970

17,255

Accrued bonuses

1,410

1,271

13,244

Allowance for special benefit for shareholders

189

249

1,775

Asset retirement obligations

63

48

592

Derivative liabilities

101

—

949

6,892

6,252

64,73816,296

14,688153,072

Provision for employee stock ownership plan

628

478

5,899

Lease obligations

85

94

798

Deferred tax liabilities

25

30

235

6,535

5,992

61,385

221

214

2,076

Total long-term liabilities

7,496

6,811

70,411

Total liabilities

23,792

21,499223,483

Capital stock

8,612

8,612

80,894

Capital surplus

10,663

10,631

100,160

Retained earnings

71,80767,727674,497

Treasury stock(6,887)(6,020)(64,691)

84,19680,951

790,870

353

2,017

3,316

353

2,017

3,316

627

427

5,890

85,177

83,396800,085¥ 108,970¥ 104,896$ 1,023,577

August 31, 2019 and 2018

LIABILITIESCURRENT LIABILITIES:
Accounts payable–trade
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 201910

Consolidated Statements of Income

Millions of Yen

Thousands of U.S. Dollars (Note 1)

Years Ended August 31, 2019 and 2018

2019

2018

2019

NET SALES¥ 156,527¥ 154,063$ 1,470,289

COST OF SALES

56,27756,268528,621

Gross profit

100,250

97,795

941,668

90,651

89,154

851,503

9,599

8,640

90,165

344

329

3,231

Interest income

254

228

2,386

Dividend income

—

0

—

Compensation income

24

30

225

Other

65

70

611

212

74

1,991

Interest expenses

4

2

38

Foreign exchange loss

69

30

648

Loss on valuation of derivatives

101

—

949

Other

36

41

338

9,731

8,895

91,405

16

76

150

Compensation income

15

70

141

Gain on reversal of subscription rights to shares

—

5

—

Other

0

—

0

SPECIAL LOSS:

2,304

1,368

21,642

Impairment loss

2,170

1,228

20,383

Loss on retirement of fixed assets

93

81

874

Store closure loss

40

58

376

INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS

7,443

7,603

69,914Current income taxes

3,148

2,676

29,570

Deferred income taxes

(685)

(147)

(6,434)

2,462

2,529

23,126

4,980

5,074

46,778¥ 4,980¥ 5,074$ 46,778

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

NON-OPERATING EXPENSES:

Ordinary income
SPECIAL INCOME:

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 ¥106.46=US$1, the approximate rate of exchange on August 31, 2019.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

11

Saizeriya Annual Report 2019

Consolidated Statements of Cash Flows

Millions of Yen

2019Years Ended August 31, 2019 and 2018

Thousands of U.S. Dollars (Note 1)

2018

2019

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 provision for employee stock ownership plan
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
Proceeds from compensation
Net cash provided by operating activities¥ 7,443
6,228
(0)
153
150
(60)
(254)
4
47
101
93
40
2,170
(15)
—
(702)
473
(173)
1
778
281
16,761224(4)(2,290)15
14,705¥ 7,603
6,297
(0)
(98)
149
95
(228)
2
61
—
81
58
1,228
(70)
(5)
(58)
(478)
(603)
410
(675)
331
14,098194(2)(4,048)70
10,313$ 69,914
58,501
(0)
1,437
1,409
(564)
(2,386)
38
441
949
874
376
20,383(141)—(6,594)
4,443(1,625)
9
7,308
2,639
157,4392,104(38)(21,510)141
138,127(80)(5,449)
(153)
(587)
590
(44)
(291)
(6,016)—(7,362)
(315)
(489)
502
—
(352)
(8,017)(751)(51,184)(1,437)(5,514)
5,542(413)(2,733)(56,509)(1,000)48(901)(1,853)(1,132)
5,703
37,486¥ 43,189

(970)
105
(905)
(1,770)(450)
7537,410¥ 37,486(9,393)451(8,463)(17,406)(10,633)
53,569352,113$ 405,683

INVESTING ACTIVITIES:Payments into 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
Payments for loans receivable
Other payments
Net cash used in investing activities
FINANCING ACTIVITIES:
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 ¥106.46=US$1, the approximate rate of exchange on August 31, 2019.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

Saizeriya Annual Report 201912

Consolidated Statement of Changes in Net Assets

Millions of Yen
Accumulated othercomprehensive income

Shareholders’ equity
Year Ended August 31, 2019

BALANCE AS OF SEPTEMBER 1, 2018

Capital stock

CapitalsurplusRetainedearnings

Treasurystock¥8,612¥10,631¥67,727¥(6,020)

Total
shareholders’equityTranslation
adjustments¥80,951¥2,017

Subscription
Totalrights toaccumulatedsharesothercomprehensive
income¥2,017¥427

Total net
assets¥83,396

Changes during the term
Dividends

(900)

(900)

(900)

Profit attributable to owners of parent

4,980

4,980

4,980

(1,000)(1,000)(1,000)

133

165

165

Acquisition of treasury stock

32

Disposal of treasury stock
Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2019

(1,664)(1,664)199(1,464)

—

32

4,079

(867)

3,244

(1,664)(1,664)

199

1,780

¥8,612¥10,663¥71,807¥(6,887)¥84,196

¥353

¥353

¥627

¥85,177

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

Shareholders’ equity
Year Ended August 31, 2019

Total
shareholders’equityTranslation
adjustments$18,946

Subscription
Totalrights toaccumulatedsharesothercomprehensive
incomeTotal net
assetsCapital stock

CapitalsurplusRetainedearnings

Treasurystock$80,894$99,859$636,173$(56,547) $760,389

Dividends(8,454)(8,454)(8,454)

Profit attributable to owners of parent

46,77846,77846,778(9,393)(9,393)(9,393)

1,249

1,550

1,550

BALANCE AS OF SEPTEMBER 1, 2018$18,946$4,011$783,355

Changes during the term

Acquisition of treasury stock

301

Disposal of treasury stock
Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2019(15,630)(15,630)

1,869(13,752)—

301

38,315(8,144)30,472(15,630)(15,630)

1,869

16,720$80,894$100,160$674,497$(64,691)$790,870$3,316$3,316$5,890$800,085

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥106.46=US$1, the approximate rate of exchange on August 31, 2019.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

13

Saizeriya Annual Report 2019

Corporate Data and Shareholders’ Information
Corporate Data

As of August 31, 2019

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.

Noboru Nagaoka
Outside Director

Koji Shimazaki

Beijing Saizeriya Co., Ltd.

Director, Standing Audit and Supervisory Committee Member

Taiwan Saizeriya Co., Ltd.

Outside Director, Audit and Supervisory Committee Member

Ryohei Shibata

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

Susumu Watanabe
Outside Director, Audit and Supervisory Committee Member

Michiharu Matsuda
As of November 27, 2019

4,143 (Full-time employees; on a consolidated basis)
Number of Outlets

1,504 (1,093 in Japan and 411 overseas)

Shareholders’ Information

As of August 31, 2019

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

Percentage ofTotal Shares (%)

Yasuhiko Shogaki

15,24929.17

Babette Co., Ltd.

4,455

8.52

Saizeriya Co., Ltd.

2,673

5.11

Saizeriya Employees’ Stock Holding Association

1,822

3.48

Japan Trustee Services Bank, Ltd. (Trust Account)

1,352

2.58

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

966

1.84

GOVERNMENT OF NORWAY

813

1.55

Trust & Custody Services Bank, Ltd. (Trust E Account)

688

1.31

Japan Trustee Services Bank, Ltd. (Trust Account 5)

637

1.22

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

548

1.04

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

44,536

Ownership of Shares by Category
Number of
Shareholders

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

Japanese financial institutions

29

6,426,200

12.3

Japanese securities companies

27

877,000

1.7

Other Japanese corporations

229

4,616,900

8.8

Foreign corporations and individuals

222

7,000,400

13.4

Japanese individuals and others

44,02933,285,400

63.8

Total

44,53652,205,900

100.00*Odd-lot shares are excluded.

Saizeriya Annual Report 201914

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

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

Printed in Japan