Annual
Report 2017
Ye a r e n d e d A u g u s t 3 1, 2 0 1 7

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 2017

For People
Through Right Way
With Love

Expanding Our Outlet Network in Japan and Overseas

The number of restaurants
1,057
Overseas outlets
367Japan & overseas total 1,424

Domestic outlets

Beijing Saizeriya

Beijing

66

Shanghai Saizeriya

Shanghai
Guangzhou Saizeriya

Guangzhou

116

Hokkaido andTohoku area

As of August 31, 2017

126

56

Taiwan Saizeriya

Taiwan11

Chubu area

173

Hong Kong Saizeriya

Hong Kong

28

Fukushima Plant(Shirakawa City, Fukushima Prefecture)

Kinki area

198

Chugoku area

Singapore Saizeriya

Singapore

17

20

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

Kanagawa Plant(Yamato City, Kanagawa Prefecture)
Kyushu area

23

Australia Plant(Melton City, State of Victoria)

Kanto area
Hyogo Plant(Ono City, Hyogo Prefecture)590

New outlets opened one after another!
2017.Aug. 09

AEON Yamato (Kanagawa Prefecture)2017.Sep. 01

AEON STYLE Toyota (Aichi Prefecture)2017.Sep. 06

LABI1 Takasaki (Gunma Prefecture)2017.Sep. 07

APITA Kozoji (Aichi Prefecture)2017.Sep. 14

Fields MINAMI KASHIWA (Chiba Prefecture)2017.Sep. 15

AEON Kumagaya (Saitama Prefecture)2017.Sep. 16

AEON MALL Kobe Minami (Hyogo Prefecture)2017.Sep. 20

AEON TOWN Yoshikawa Minami (Saitama Prefecture)2017.Sep. 27

TERRASSE NAYABASHI (Aichi Prefecture)2017.Oct . 26

TAIRAYA Shiki (Saitama Prefecture)

Saizeriya Annual Report 20172

Consolidated Financial Highlights
2017

Years Ended August 31, 2017 and 2016

2016

2017

Millions of Yen

Thousands of U.S. Dollars

Operational Data:¥148,306¥144,961$1,343,108

Income before Income Taxes and Minority Interests

11,3098,679

102,418

Profit Attributable to Owners of Parent

7,496

5,505

67,886

Total Assets

102,731

92,463930,366

Net Assets

80,412

72,663

728,238Net Income per Share¥151.48¥108.65$1.37

Dividends per Share

18.00

18.00

0.16

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 ¥110.42=US$1, the approximate rate of exchange on August 31, 2017.

Net Sales

Profit Attributable to Owners of Parent(millions of yen)

139,277

144,961

148,306(millions of yen)

7,496

125,618
5,505
3,774

1,193

2014

2016

2017

2014

2015

Total Assets

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

87,224

2014

3

2015

Saizeriya Annual Report 2017

95,485

2015

Net Assets

2016

Equity Ratio(%)

102,73180,412

92,463

2016

2017

2017

68,64372,424

72,663

78.5

75.7

78.4

78.1

2014

2015

2016

2017

To Our Shareholders
For the dining-out industry, the challenging environment

in Japan and an increase in the number of customers

continued, such as rises in personnel expenses due

at overseas outlets mainly owing to the introduction of

to labor shortage, and surging construction costs ine-money.

line with preparations for hosting the Olympic Games.

In the this term, the Company will work to strengthen

Against this background, Saizeriya has worked to build aorganizational power, Focusing on management education

solid corporate system in order to continue the steadyand the inculcation of our philosophy, we will promote

provision of high quality products and services to ourcreation of worthwhile workplaces.

customers.

The Company will also work to develop attractive

For the results of the current fiscal year, the Company

products unique to Saizeriya and enhance quality andachieved increases in both sales and income for the

productivity through technological improvement. At thethird year in a row, with consolidated net sales of ¥148.3

same time, we will promote initiatives against waste loss,

billion (up 2.3% from the previous fiscal year), operatingenergy saving and environmental measures at our outlets,

income of ¥11.2 billion (up 24.5%). New outlets in Japan

plants, and farms, and strive to operate with corporate

and overseas and existing outlets in Japan contributed tosustainability in mind.

the increase in sales, achieving record-high consolidated

We seek your continued understanding of our

net sales and domestic sales. The main reasons for theefforts, and we look forward to the continued support

strong performance include the effects of our ongoingof our shareholders.

efforts to improve quality and services of existing outlets

Yasuhiko Shougaki

Chairman and Representative Director

Issei Horino

President and Representative Director

Saizeriya Annual Report 20174

Message from the President

Major innovation through accumulation ofincremental improvements
Issei Horino

President and Representative Director

Business in JapanNew business format

Focusing on development of captivating products
to attract more customers to our outlets

Establish an implementation model enabling rapid
opening of new outlets

Regarding the restaurant business in Japan, we will

Regarding the new business format in Japan, design ofcontinue our efforts to enhance services and quality

the profit model has been completed. In the this term,

while maintaining prices.

we will focus on establishing an implementation model as

Regarding merchandising, we will launch an
attractive menu unique to Saizeriya that reflects ournext term onward.

specialization in Italian cuisine extending over many

Assuming rises in construction costs and rents

years. We will promote development of plant technologies

in the runup to the Tokyo Olympics, we will promote

and production method improvements in pursuit of taste

standardization of outlet facilities in order to reduce theand flavor unavailable at other restaurants while at theconstruction period. At the same time, we aim to reducesame time improving yields.

costs for opening new outlets by thorough streamlining

In recent years, ordinances to prevent passive
smoking have been enforced by several municipalities in
the Greater Tokyo Area. In light of the need to implement
countermeasures for prevention of passive smoking at
restaurants in view of such developments, we will shift
our outlet development strategy to make all our outlets
non-smoking. In the this term, starting with the newoutlets to open in Tokyo and three prefectures, we
intend to promote the positioning of all our outlets as
non-smoking venues.

5a prerequisite for rapid opening of new outlets from the

Saizeriya Annual Report 2017of outlet operation and development of plant technologies
necessary for such operation.

Overseas business

Personnel and organization development

Developing outlets that delight local customers

Creating excellent places to work

Improvement of services attuned to local needs, such

We will focus on strengthening education and job

as the introduction of e-money, has led to an increasesatisfaction. In the this term, our emphasis is onin the number of customers. In the this term, we will

management education and Philosophy education soemphasize localization of both services and quality by

as to inculcate habits of thinking and encourage theadapting to local values and lifestyles. Without beingorganization to learn.

constrained by the norms and customs in Japan, we

As a new compensation scheme, we have introduced

will promote development of outlets that delight local

an employee stock ownership plan (J-ESOP),

customers with the aim of achieving solid growth.

a retirement benefit plan for all employees including
part-time workers. We are also working to establish
systems that allow employees to select new ways ofworking. Moreover, through expansion of thecommunityship reinforcement program emphasizing
the relationships between employees, we will strengthen
the organizational power that is the basis for innovation.
By pursuing these initiatives, we aim to realize
workplaces that are more worthwhile for employees
and improve retention.

Saizeriya Annual Report 20176

Consolidated Five-Year Summary
2013

2014

2015

2016

2017

Net Sales(Millions of Yen)

110,428

125,618

139,277

144,961

148,306

Operating Income(Millions of Yen)

7,547

5,488

7,511

9,006

11,216

Ordinary Income(Millions of Yen)

8,450

5,917

8,004

9,134

11,885

Profit Attributable to Ownersof Parent (Millions of Yen)

3,937

1,193

3,774

5,505

7,496

Total Assets(Millions of Yen)

87,47287,224

95,48592,463

102,731

Net Assets(Millions of Yen)

67,344

68,64372,424

72,66380,412

Shareholders’ Equity Ratio
(%)

76.8

78.5

75.7

78.4

78.1

Net Income per Share
(Yen)

78.06

23.65

74.70

108.65151.48Cash Dividends per Share
(Yen)

18.00

18.00

18.00

18.00

18.00

Net Sales

Ordinary Income / Ordinary Income Margin(millions of yen)

139,277

144,961 148,306

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

Profit Attributable to Owners of Parent(millions of yen)

7,496

11,885

125,618
110,428

5,505
8,450
7.7

8,004

9,134
3,937

5,917
4.7

3,774

8.0
5.7

6.3
1,193

2013

7

2014

Saizeriya Annual Report 2017

2015

2016

2017

2013

2014

2015

2016

2017

2013

2014

2015

2016

2017

Segment Results
Our efforts to strengthen the operation of existing outlets including the service
improvements from the customers’ perspective resulted in an increase inJapan

like-for-like sales for the 15th consecutive month. Total sales in Japan were
¥117,259 million (up 3.9% from the previous fiscal year) and operating income
was ¥7,731 million (up 16.9%).
Ingredients used by Saizeriya are manufactured in Australia. In line withthe robust sales trends of the Company, total sales in Australia wereAustralia¥4,502 million (up 11.5% from the previous fiscal year) and operating
income was ¥164 million (up 27.1%).
Amidst the slowdown of sales and the surge in personnel expenses caused by thestagnant Chinese economy, Saizeriya offered services adapted to local preferences.

Asia

As a result, total sales in Asia amounted to ¥30,973 million (down 3.4% from theprevious fiscal year) and operating income was ¥3,318 million (up 51.8%).

Outlook for the This Term
Against the backdrop of the buoyant U.S. economy,
the upward trend of the Japanese economy isexpected to continue, reflecting the economic andfinancial policies of the Japanese government.
However, prospects remain unclear in view of thepersisting concerns about geopolitical risks due totensions with North Korea. In addition, the surge
in procurement costs and personnel expenses
and staffing risks mean the situation will remain
unpredictable. Accordingly, we forecast consolidated net sales of ¥156.0 billion, operating¥12.8 billion, and profit attributable to owners ofparent of ¥8.4 billion.

income of ¥12.5 billion, ordinary income of

Total Assets / ROA

2018
forecasts

Net Sales(Millions of Yen)

148,306

156,000

Operating Income(Millions of Yen)

11,216

12,500Ordinary Income(Millions of Yen)

11,88512,800

Profit Attributable to Owners of
Parent (Millions of Yen)

7,496

8,400

Net Assets / ROE

Total Assets (millions of yen)
ROA (%)

87,472 87,224

2017
results

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

Net Assets (millions of yen)
ROE (%)

95,485 92,463

13,308102,73180,412
67,344 68,643

11,34872,424 72,663
9,720

8,911
9.8
12.2
10.1
6.8

8.8

9.7

7,189

7.6
6.1

5.4
1.8

2013

2014

2015

2016

2017

2013

2014

2015

2016

2017

2013

2014

2015

2016

2017

Saizeriya Annual Report 20178

Consolidated Financial Statements
Consolidated Balance Sheets

Millions of Yen

Thousands of U.S. Dollars (Note 1)

2017

2016

2017

Cash and deposits with banks¥ 37,410¥ 30,217$ 338,797

Accounts receivable–tenants

1,217

1,120

11,022Merchandise and finished goods

5,716

4,704

51,766

Raw materials and supplies

916

959

8,296

Deferred tax assets

669

614

6,059

3,521

2,750

31,88749,45440,367447,872

Buildings and structures

25,386

24,395229,904

Machinery, vehicle and equipment

2,020

2,156

18,294

Furniture and fixtures

4,370

4,047

39,576

Land

6,954

6,932

62,978

Lease assets, net

103

113

933

Construction in progress

434

263

3,930

39,26937,908355,633

1,022

1,022

9,256

259

339

2,346

9,912

9,656

89,766

697

976

6,312

1,948

1,834

17,642

Other

370

372

3,351

Allowance for doubtful accounts

(14)

(14)

(127)

Total Intangible fixed assets and investments and other assets

13,173

13,164

119,299

Total fixed assets

53,27752,095482,494¥ 102,731¥ 92,463$ 930,366

August 31, 2017 and 2016

ASSETS
CURRENT ASSETS:

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 ¥110.42=US$1, the approximate rate of exchange on August 31, 2017.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

9

Saizeriya Annual Report 2017

Millions of Yen

Thousands of U.S. Dollars (Note 1)

2017

2016

¥ 5,489¥ 5,027$ 49,710.00

Current portion of long-term loans payable

—

485

—

Lease obligations

9

8

82

Income taxes payable

2,538

1,918

22,985

Accrued bonuses

1,371

1,433

12,416

Allowance for special benefit for shareholders

154

160

1,395

Asset retirement obligations

33

30

299

Derivatives liabilities

—

144

—

6,938

6,185

62,833

16,534

15,393

149,737

Provision for employee stock ownership plan

331

—

2,998

Lease obligations

104

113

942

Deferred tax liabilities

37

35

335

5,044

3,933

45,680

267

323

2,418

Total long-term liabilities

5,785

4,406

52,391

Total liabilities

22,31919,799202,128

Capital stock

8,612

8,612

77,993

Capital surplus

10,556

9,215

95,599Retained earnings

63,55756,967575,593

Treasury stock(5,191)(3,243)(47,011)77,53571,552

702,183

2,654

985

24,036

2,654

985

24,036

222

126

2,011

80,412

72,663

728,238¥ 102,731¥ 92,463$ 930,366

August 31, 2017 and 20162017

LIABILITIESCURRENT LIABILITIES:
Accounts payable–trade

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 201710

Consolidated Statements of Income

Millions of Yen

Thousands of U.S. Dollars (Note 1)

Years Ended August 31, 2017 and 2016

2017

2016

2017

NET SALES¥ 148,306¥ 144,961$ 1,343,108

COST OF SALES

52,52853,398475,711Gross profit

95,77791,563867,388

84,561

82,557

765,812

11,216

9,006

101,576

737

340

6,675

Interest income

188

217

1,703

Dividend income

120

—

1,087

Compensation income

184

46

1,666

Gain on valuation of derivatives

144

—

1,304

Other

100

76

906

212

212

1,920

Interest expenses

2

5

18

Foreign exchange loss

14

40

127

Loss on valuation of derivatives

—

144

—

Other

51

21

462

11,885

9,134

107,634

120

177

1,087

Compensation income

—

174

—

Gain on sales of shares of subsidiaries and associates

115

—

1,041

4

3

36

SPECIAL LOSS:

697

632

6,312

Impairment loss

359

541

3,251

Loss on retirement of fixed assets

52

77

471

Store closure loss

57

14

516

Provision for allowance of employee stock ownership plan

227

—

2,056

INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS

11,3098,679

102,418

Current income taxes

3,970

3,071

35,954

Deferred income taxes

(157)

102

(1,422)

3,813

3,173

34,532

7,496

5,505

67,886¥ 7,496¥ 5,505$ 67,886

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

NON-OPERATING EXPENSES:

Ordinary income
SPECIAL 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 ¥110.42=US$1, the approximate rate of exchange on August 31, 2017.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

11

Saizeriya Annual Report 2017

Consolidated Statements of Cash Flows

Millions of Yen

2017

Years Ended August 31, 2017 and 2016

Thousands of U.S. Dollars (Note 1)

2016

2017

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
Loss on sales of shares of subsidiaries and associates
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¥ 11,309
5,812
(0)
(76)
331
(6)
(308)
25
(43)
(144)
52
(115)
57
359
—
(4)
(97)
(872)
(572)
365
661
144
16,854265(2)(3,661)
13,456¥ 8,679
5,843
(0)
176
—
18
(217)
5
48
144
77
(144)
14
541
(174)
(3)
(78)
1,408
(44)
0
(116)
76
16,398148(4)(2,948)13,767$ 102,418
52,635
(0)
(688)
2,998
(54)
(2,789)226(389)(1,304)471(1,041)
516
3,251
—
(36)
(878)
(7,897)(5,180)
3,306
5,986
1,304
152,6352,400(18)(33,155)
121,862

195(5,174)
(88)
(515)
611
(179)
(5,149)—(4,475)
(326)
(435)
687
(236)
(4,787)

1,766(46,857)(797)(4,664)
5,533(1,621)(46,631)(485)(3,265)
2,282
263
(909)
(5,196)1,000
7,192
30,217¥ 37,410(3,008)(1,471)—
196(913)(5,196)(1,679)2,104
28,113¥30,217(4,392)(29,569)
20,667
2,382(8,232)(47,057)
9,056
65,133
273,655$ 338,797

INVESTING ACTIVITIES:
Proceeds from sales of shares of subsidiaries and associates
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:
Repayment of long-term loans payable
Purchase of treasury stock
Proceeds from sales 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 ¥110.42=US$1, the approximate rate of exchange on August 31, 2017.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

Saizeriya Annual Report 201712

Consolidated Statement of Changes in Net Assets

Millions of Yen
Accumulated othercomprehensive income

Shareholders’ equity
Year Ended August 31, 2017

BALANCE AS OF SEPTEMBER 1, 2016

Capital stock

CapitalsurplusRetainedearnings

Treasurystock¥8,612¥9,215¥56,967¥(3,243)

Total
shareholders’equityTranslation
adjustments¥71,552¥ 985

Subscription
Totalrights toaccumulatedsharesothercomprehensive
income

¥ 985

¥ 126

Total net
assets¥72,663

Changes during the term
Dividends

(906)

(906)

(906)

Profit attributable to owners of parent

7,496

7,496

7,496

(983)

(983)

(983)

315

376

376

(2,282)(2,282)(2,282)

1,002

2,282

2,282

Acquisition of treasury stock

61

Disposal of treasury stock
Acquisition of treasury stock by
employee stock ownership trust
Disposal of treasury stock by employee
stock ownership trust

1,279

Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2017

1,669

1,669

95

1,765

—

1,341

6,590

(1,947)

5,983

1,669

1,669

95

7,748

¥8,612¥10,556¥63,557¥(5,191)¥77,535¥2,654¥2,654¥222¥80,412

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

Shareholders’ equity
Year Ended August 31, 2017

Subscription
Totalrights toaccumulatedsharesothercomprehensive
incomeTotal net
assetsCapital stock

CapitalsurplusRetainedearnings

Treasury
stock

Total
shareholders’equityTranslation
adjustments$77,993$83,454$515,912$(29,370) $647,999$8,920

Dividends(8,205)(8,205)(8,205)

Profit attributable to owners of parent

67,88667,88667,886(8,902)(8,902)(8,902)

2,853

3,405

3,405

(20,667)(20,667)(20,667)

9,074

20,667

20,667BALANCE AS OF SEPTEMBER 1, 2016

$8,920$1,141$658,060

Changes during the term

Acquisition of treasury stock

552

Disposal of treasury stock
Acquisition of treasury stock by
employee stock ownership trust
Disposal of treasury stock by employee
stock ownership trust

11,583

Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 201715,115

15,115860

15,984—

12,14559,681(17,633)

54,184

15,115

15,115860

70,168$77,993$95,599$575,593$(47,011)$702,183$24,036$24,036$2,011$728,238

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥110.42=US$1, the approximate rate of exchange on August 31, 2017.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

13

Saizeriya Annual Report 2017

Corporate Data and Shareholders’ Information
Corporate Data

as of August 31, 2017

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

Minoru Orido
Outside Director

Koji Shimazaki
Director, Standing Audit and Supervisory Committee Member

Singapore Saizeriya Pte. Ltd.

Ryohei Shibata
Outside Director, Audit and Supervisory Committee Member

4,261 (Full-Time employees; on a consolidated basis)

Tsutomu Okada

Number of Outlets

Outside Director, Audit and Supervisory Committee Member

1,424 (1,057 in Japan and 367 overseas)

Susumu Watanabe
as of November 28, 2017

Shareholders’ Information

as of August 31, 2017

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

Percentage ofTotal Shares (%)

Yasuhiko Shogaki

15,25329.18

Babette Co., Ltd.

4,455

8.52

Saizeriya Co., Ltd.

2,030

3.88

Saizeriya Employees’ Stock Holding Association

1,859

3.55

Japan Trustee Services Bank, Ltd. (Trust Account)

1,272

2.43

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

1,152

2.20

THE BANK OF NEW YORK MELLON

835

1.59

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

700

1.33

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

612

1.17

GOLDMAN, SACHS & CO. REG

548

1.05

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

32,349Ownership of Shares by Category
Number of
Shareholders
Japanese financial institutions

44

Number ofPercentage ofShares Held* Total
Shares (%)(Unit: 100 shares)
7,214,400

13.82

Japanese securities companies

30

573,000

1.10

Other Japanese corporations

176

4,586,400

8.79

Foreign corporations and individuals

206

10,731,800

20.56Japanese individuals and others

31,89329,092,400

55.73

Total

32,34952,198,000

100.00*Odd-lot shares are excluded.

Saizeriya Annual Report 201714

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