Annual
Report 2018
Ye a r e n d e d A u g u s t 3 1, 2 0 1 8

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 2018

For People
Through Right Way
With Love

Expanding Our Outlet Network in Japan and Overseas

The number of restaurants
1,085
Overseas outlets
384
Japan & overseas total 1,469

Domestic outlets

Beijing Saizeriya

Beijing73

Shanghai Saizeriya

Shanghai
Guangzhou Saizeriya

Guangzhou

117

Hokkaido andTohoku area

As of August 31, 2018

125

59

Taiwan Saizeriya

Taiwan13

Chubu area

173

Hong Kong Saizeriya

Hong Kong

32

Fukushima Plant(Shirakawa City, Fukushima Prefecture)

Kinki area

199

Chugoku area

Singapore Saizeriya

Singapore

17

24

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

Kanagawa Plant(Yamato City, Kanagawa Prefecture)
Kyushu area

26

Australia Plant(Melton City, State of Victoria)

Kanto area
Hyogo Plant(Ono City, Hyogo Prefecture)611

New outlets opened one after another!
Aug. 17, 2018
Aug. 17, 2018
Aug. 31, 2018
Sep. 13, 2018
Sep. 26, 2018
Sep. 27, 2018
Sep. 28, 2018
Oct. 5, 2018
Oct. 26, 2018
Nov. 8, 2018
Nov. 15, 2018
Nov. 21, 2018

Spaghetti Mariano, Yokohama Business Park (Kanagawa Prefecture)
RicaRica, Yokohama Business Park (Kanagawa Prefecture)
Saizeriya, HON-ATSUGI MYLOAD (Kanagawa Prefecture)
Saizeriya, AEON Honami (Fukuoka Prefecture)
RIFRESCA Meijiza-mae (Tokyo)
Mariano, AEON STYLE Minamisuna (Tokyo)
Saizeriya, AEON FOOD STYLE Konandai (Kanagawa Prefecture)
Saizeriya, youme Town Chofu (Yamaguchi Prefecture)
Saizeriya, youme Town Sanpian (Kumamoto Prefecture)
Saizeriya, Tokaichiba Station South Exit (Kanagawa Prefecture)
Saizeriya, Ito-Yokado Koriyama (Fukushima Prefecture)
Saizeriya, AEON Kanazawa-hakkei (Kanagawa Prefecture)

Saizeriya Annual Report 20182

Consolidated Financial Highlights
2018

Years Ended August 31, 2018 and 2017

2017

2018

Millions of Yen

Thousands of U.S. Dollars

Operational Data:¥154,063¥148,306$1,387,205

Income before Income Taxes and Minority Interests

7,603

11,30968,458

Profit Attributable to Owners of Parent

5,074

7,496

45,687

Total Assets

104,896

102,731

944,498

Net Assets

83,39680,412

750,909

Net Income per Share¥102.69¥151.48$0.93

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 ¥111.06=US$1, the approximate rate of exchange on August 31, 2018.

Net Sales

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

139,277

144,961

148,306

7,496

154,063
5,505

5,074

3,774

2015

2017

2018

2015

2016

Total Assets

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

95,485

2015

3

2016

Saizeriya Annual Report 2018

102,731

2017

2018

2018

Equity Ratio(%)

104,896

92,463

2016

Net Assets

2017

80,412

83,39672,424

72,663

75.7

78.4

78.1

79.1

2015

2016

2017

2018

To Our Shareholders
In the dining-out industry, the number of foreign workers

consolidated net sales of ¥154.0 billion (up 3.9% from theis increasing because companies are expanding theirprevious fiscal year) and operating income of ¥8.6 billion

deployment as a new workforce to compensate for labor(down 23.0%). Net sales were a record high despite theshortages. A challenging environment, however, con-challenging business environment.

tinued, owing to such factors as the impact of natural

In the fiscal year ending August 31, 2019, with thedisasters, including earthquakes and torrential rain, on

aim of attaining future growth and further advances, thesales and surging prices of imported ingredients andCompany will promote innovation, focusing on both hardenergy. Against this background, Saizeriya has worked

and soft aspects. Our principal initiatives are to develop

to build a solid corporate system in order to continue theattractive products unique to Saizeriya and enhance quali-

steady provision of high quality products and services toty and productivity through technological improvement.

our customers.

At the same time, in our operations we will emphasize

During the fiscal year ended August 31, 2018,

initiatives that lead to corporate sustainability, such as

working to create an environment where customers

measures against waste loss and energy saving and envi-

can dine with peace of mind, we implemented various

ronmental measures at our outlets, plants, and farms.

measures, including refurbishment of existing outlets

We seek your continued understanding of ourand introduction of plastic tableware, and making all ourefforts as our shareholders, and look forward to youroutlets non-smoking. As a result, the Company recorded

continued support.

Issei Horino

President and Representative Director

Yasuhiko Shougaki

Chairman and Representative Director

Saizeriya Annual Report 20184

Message from the President

Restaurants inspiring more smiles
and appreciation galore
Issei Horino

President and Representative Director

Business in Japan

Overseas business

Creating comfortable spaces

Developing core products tailored to local needs

Regarding the restaurant business in Japan, we will

For the overseas business, we will continue

continue our efforts to enhance services and quality

our emphasis on localization by adapting to local values

while maintaining prices.

and lifestyles.

For existing outlets, we will continue vigorous
investment in refurbishment of tables and seating

accelerating opening of new outlets by more flexible

and bathrooms, making all our outlets non-smoking,setting of the criteria for opening new outlets in order tointroduction of highly safe tableware, and so forth totap the potential of new locations where we never had anoffer customers more comfortable spaces where theyoutlet previously. We are also renewing outlet designs to

can dine with peace of mind.

achieve more stylish venues.

Regarding merchandising, we are promoting theIn addition, we will promote establishment of“Make Your Favorite” concept based on the lineup of

information infrastructure to build an environment

simple, fresh dishes straight from the kitchen that canenabling examination from various perspectives so as

be enjoyed in any number of combinations, which is theto establish new business models.

strength of our restaurants. Customers are encouraged
to use olive oil and various other seasonings available forfree so as to enjoy their preferred taste.

5Regarding the outlet development strategy, we are

Saizeriya Annual Report 2018

New business formats

Personnel and organization development

Aiming to start demonstrating the newly developed
implementation models

Displaying individuals’ capabilities

New businesses in Japan are now in the phase wheremanagement education and Philosophy education so

increased investment is required, such as foras to inculcate habits of thinking and encourage thethe workforce.

organization to learn. As an outcome of these efforts,

We have been implementing measures that emphasize

Regarding the business models we developed in

Saizeriya became the first food service company in thethe previous fiscal year for which profit design has been

world to be awarded the Miles Award, the highest honor,

completed, we will promote opening of new outlets.

from the Society of Japanese Value Engineering (SJVE),In addition, through various trials, including thewhich is another step toward the industrialization of ouroffering of merchandise and pricing differentiated fromthat of conventional Saizeriya restaurants in order to
identify well-selling merchandise favored by customers

dining service.
We will utilize these methodologies to transition toan implementation-oriented organization.

and verification of locations enabling the new business

Moreover, we will work to reduce the workload atmodels to coexist with the existing restaurant operations,workplaces by establishing a system for division of labor

we intend to refine the profit model for which fastand improve the working environment so as to improve

opening of outlets is highly effective from the current

retention and productivity.

fiscal year onward.

Saizeriya Annual Report 20186

Consolidated Five-Year Summary

2014

2015

2016

2017

2018

Net Sales(Millions of Yen)

125,618

139,277

144,961

148,306

154,063

Operating Income(Millions of Yen)

5,488

7,511

9,006

11,216

8,640

Ordinary Income(Millions of Yen)

5,917

8,004

9,134

11,885

8,895

Profit Attributable to Ownersof Parent (Millions of Yen)

1,193

3,774

5,505

7,496

5,074

Total Assets(Millions of Yen)

87,224

95,48592,463

102,731

104,896

Net Assets(Millions of Yen)

68,64372,424

72,66380,412

83,396

Shareholders’ Equity Ratio
(%)

78.5

75.7

78.4

78.1

79.1

Net Income per Share
(Yen)

23.65

74.70

108.65151.48102.69Cash 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

154,063

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

Profit Attributable to Owners of Parent(millions of yen)

7,496

11,885

125,618

5,505
9,134
8,004

3,774

5,917
4.7

5,074

8,895
8.0

5.7

6.3

5.8
1,193

2014

7

2015

Saizeriya Annual Report 2018

2016

2017

2018

2014

2015

2016

2017

2018

2014

2015

2016

2017

2018

Segment Results
Total sales in Japan were ¥119,405 million (up 1.8% from the previous fiscal
year). However, due to surging prices of imported ingredients because of weakJapan

yen and rising labor costs as a result of deterioration of productivity, operating
income was ¥4,938 million (down 36.1%).
Ingredients used by Saizeriya are manufactured in Australia. Total sales inAustralia were ¥4,608 million (up 2.4% from the previous fiscal year) andAustralia

operating income was ¥44 million (down 73.1%).
Owing to the attraction of new customers as a result of opening new outlets andthe offering of services attuned to local needs, total sales in Asia were ¥34,514

Asiamillion (up 11.4% from the previous fiscal year) and operating income was ¥3,643
million (up 9.8%).

Outlook for the Fiscal Year Ending August 31, 2019
The global economy is expected to continue to follow
a moderate growth trend since the U.S. economy will
likely remain robust against the backdrop of favorable
employment conditions. However, prospects remain
unclear in view of persisting political risks
associated with the protectionist trade policy of
the Trump administration, notably the trade friction
between the U.S. and China. In addition, the surge inenergy prices, reflecting a rise in crude oil prices, andhigher personnel expenses indicate that the situation
will remain unpredictable. Accordingly, we forecast
consolidated net sales of ¥159.8 billion, operating

and profit attributable to owners of parent of ¥5.9 billion.

income of ¥9.5 billion, ordinary income of ¥9.7 billion,

Total Assets / ROA

2019
forecasts

Net Sales(Millions of Yen)

154,063

159,800

Operating Income(Millions of Yen)

8,640

9,500

Ordinary Income(Millions of Yen)

8,895

9,700

Profit Attributable to Owners of
Parent (Millions of Yen)

5,074

5,900

Net Assets / ROE

Total Assets (millions of yen)
ROA (%)

87,2242018
results

95,485 92,463

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

Net Assets (millions of yen)
ROE (%)

102,731 104,896
68,643

9,720
9.8

8.8

9.7

7.6
8.6

11,371

11,34872,424 72,663

12.2
6.8

13,30880,412 83,396

7,189
6.2

5.4
1.8

2014

2015

2016

2017

2018

2014

2015

2016

2017

2018

2014

2015

2016

2017

2018

Saizeriya Annual Report 20188

Consolidated Financial Statements
Consolidated Balance Sheets

Millions of Yen

Thousands of U.S. Dollars (Note 1)

2018

2017

2018

Cash and deposits with banks¥ 37,486¥ 37,410$ 337,529

Accounts receivable–tenants

1,276

1,217

11,489Merchandise and finished goods

6,372

5,716

57,374

Raw materials and supplies

700

916

6,303

Deferred tax assets

548

669

4,934

4,153

3,521

37,39450,53749,454455,042

Buildings and structures

25,67725,386

231,199

Machinery, vehicle and equipment

2,184

2,020

19,665

Furniture and fixtures

4,929

4,370

44,381

Land

6,939

6,954

62,480

Lease assets, net

94

103

846

Construction in progress

356

434

3,205

40,18239,269361,804

750

834

6,753

259

259

2,332

10,217

9,912

91,995

480

697

4,322

2,233

1,948

20,106

Other

248

370

2,233

Allowance for doubtful accounts

(13)

(14)

(117)

Total Intangible fixed assets and investments and other assets

13,425

13,173

120,881

Total fixed assets

54,35853,277489,447¥ 104,896¥ 102,731$ 944,498

August 31, 2018 and 2017

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 ¥111.06=US$1, the approximate rate of exchange on August 31, 2018.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

9

Saizeriya Annual Report 2018

Millions of Yen

2018

August 31, 2018 and 2017

Thousands of U.S. Dollars (Note 1)

2017

2018

LIABILITIESCURRENT LIABILITIES:¥ 5,886¥ 5,489$ 52,998

9

9

81

970

2,538

8,734

1,271

1,371

11,444

Allowance for special benefit for shareholders

249

154

2,242

Asset retirement obligations

48

33

432

6,252

6,938

56,294

14,688

16,534132,253

Provision for employee stock ownership plan

478

331

4,304

Lease obligations

94

104

846

Deferred tax liabilities

30

37

270

5,992

5,044

53,953

214

267

1,927

Total long-term liabilities

6,811

5,785

61,327

Total liabilities

21,49922,319193,580

Capital stock

8,612

8,612

77,544

Capital surplus

10,631

10,556

95,723Retained earnings

67,72763,557

609,824

Treasury stock(6,020)(5,191)(54,205)

80,951

77,535

728,894

2,017

2,654

18,161

2,017

2,654

18,161

427

222

3,845

83,39680,412

750,909¥ 104,896¥ 102,731$ 944,498

Accounts payable–trade
Lease obligations
Income taxes payable
Accrued bonuses

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

NET ASSETSSHAREHOLDERS’ EQUITY:

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

Saizeriya Annual Report 201810

Consolidated Statements of Income

Millions of Yen

Thousands of U.S. Dollars (Note 1)

Years Ended August 31, 2018 and 2017

2018

2017

2018

NET SALES¥ 154,063¥ 148,306$ 1,387,205

COST OF SALES

56,26852,528506,645

Gross profit

97,795

95,777880,560

89,15484,561

802,755

8,640

11,216

77,796

329

737

2,962

Interest income

228

188

2,053

Dividend income

0

120

0

Compensation income

30

184

270

Gain on valuation of derivatives

—

144

—

Other

70

100

630

74

68

666

Interest expenses

2

2

18

Foreign exchange loss

30

14

270

Other

41

51

369

8,895

11,88580,092

76

120

684

Compensation income

70

—

630

Gain on sales of shares of subsidiaries and associates

—

115

—

Gain on reversal of subscription rights to shares

5

4

45

SPECIAL LOSS:

1,368

697

12,318

Impairment loss

1,228

359

11,057

Loss on retirement of fixed assets

81

52

729

Store closure loss

58

57

522

Provision for allowance of employee stock ownership plan

—

227

—

INCOME BEFORE INCOME TAXES AND MINORITY INTERESTS

7,603

11,30968,458Current income taxes

2,676

3,970

24,095

Deferred income taxes

(147)

(157)

(1,324)

2,529

3,813

22,771

5,074

7,496

45,687¥ 5,074¥ 7,496$ 45,687

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 ¥111.06=US$1, the approximate rate of exchange on August 31, 2018.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

11

Saizeriya Annual Report 2018

Consolidated Statements of Cash Flows
Years Ended August 31, 2018 and 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
Proceeds from compensation
Net cash provided by operating activities
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

Millions of Yen

2018

Thousands of U.S. Dollars (Note 1)

2017

2018

¥ 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¥ 11,309
5,812
(0)
(76)
331
(6)
(308)
2
(43)
(144)
52
(115)
57
359
—
(4)
(97)
(872)
(572)
365
661
144
16,854265(2)(3,661)—
13,456$ 68,458
56,699
(0)
(882)
1,342
855
(2,053)
18
549
—
729
—
522
11,057
(630)
(45)
(522)
(4,304)(5,429)3,692(6,078)2,980
126,940
1,747(18)(36,449)630
92,860—(7,362)
(315)
(489)
502
(352)
(8,017)

195(5,174)
(88)
(515)
611
(179)
(5,149)—(66,288)(2,836)(4,403)4,520(3,169)(72,186)

—
(970)
—
105
(905)
(1,770)(450)
7537,410¥ 37,486(485)(3,265)
2,282
263
(909)
(2,114)1,000
7,192
30,217¥37,410—(8,734)—945(8,149)(15,937)(4,052)675
336,845$ 337,529

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥111.06=US$1, the approximate rate of exchange on August 31, 2018.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

Saizeriya Annual Report 201812

Consolidated Statement of Changes in Net Assets

Millions of Yen
Accumulated othercomprehensive income

Shareholders’ equity
Year Ended August 31, 2018

BALANCE AS OF SEPTEMBER 1, 2017

Capital stock

CapitalsurplusRetainedearnings

Treasurystock¥8,612¥10,556¥63,557¥(5,191)

Total
shareholders’equityTranslation
adjustments¥77,535¥2,654

Subscription
Totalrights toaccumulatedsharesothercomprehensive
income¥2,654¥ 222

Total net
assets¥80,412

Changes during the term
Dividends

(904)

(904)

(904)

Profit attributable to owners of parent

5,074

5,074

5,074

(970)

(970)

(970)

141

216

216

Acquisition of treasury stock74

Disposal of treasury stock
Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2018

(636)

(636)

205

(431)

—

74

4,169

(828)

3,416

(636)

(636)

205

2,984

¥8,612¥10,631¥67,727¥(6,020)¥80,951¥2,017¥2,017¥427¥83,396

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

Shareholders’ equity
Year Ended August 31, 2018

Total
shareholders’equityTranslation
adjustments$23,897

Subscription
Totalrights toaccumulatedsharesothercomprehensive
incomeTotal net
assetsCapital stock

CapitalsurplusRetainedearnings

Treasurystock$77,544$95,048$572,276$(46,741) $698,136

Dividends(8,140)(8,140)(8,140)

Profit attributable to owners of parent

45,68745,68745,687(8,734)(8,734)(8,734)

1,270

1,945

1,945

BALANCE AS OF SEPTEMBER 1, 2017$23,897$1,999$724,041

Changes during the term

Acquisition of treasury stock

666

Disposal of treasury stock
Net changes of items other thanshareholders’ equity
Total changes during the term
BALANCE AS OF AUGUST 31, 2018

(5,727)(5,727)

1,846(3,881)—

666

37,538(7,455)30,758(5,727)(5,727)

1,846

26,868$77,544$95,723$609,824$(54,205)$728,894$18,161$18,161$3,845$750,909

Notes: (1) The U.S. dollar amounts represent translations of Japanese yen amounts at the rate of ¥111.06=US$1, the approximate rate of exchange on August 31, 2018.
(2) The financial statements are a translation of the Japanese annual securities report’s financial statements.

13

Saizeriya Annual Report 2018

Corporate Data and Shareholders’ Information
Corporate Data

as of August 31, 2018

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

4,176 (Full-time employees; on a consolidated basis)

Susumu Watanabe

Number of Outlets

Outside Director, Audit and Supervisory Committee Member

1,469 (1,085 in Japan and 384 overseas)

Michiharu Matsuda
as of November 28, 2018

Shareholders’ Information

as of August 31, 2018

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.

2,241

4.28

Saizeriya Employees’ Stock Holding Association

1,803

3.45

Japan Trustee Services Bank, Ltd. (Trust Account)

1,019

1.94

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

768

1.47

GOLDMAN, SACHS & CO. REG

708

1.35

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

698

1.33

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

626

1.19

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

509

0.97

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

51,148

Ownership of Shares by Category
Number of
Shareholders

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

Japanese financial institutions

35

6,113,500

11.7

Japanese securities companies

36

405,600

0.8

Other Japanese corporations

262

4,599,600

8.8

Foreign corporations and individuals

236

5,577,900

10.7Japanese individuals and others

50,57935,506,400

68.0

Total

51,14852,203,000

100.00*Odd-lot shares are excluded.

Saizeriya Annual Report 201814

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