Kura Sushi (2695) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 FY2025 rose 4.4% year-over-year to ¥58,556 million, with operating profit down 24.1% and net income attributable to shareholders down 27.1%.

• The business environment remained challenging due to global uncertainties, unstable exchange rates, and rising costs for raw materials and labor.

• Eight new stores were opened: 1 in Japan, 6 in the US, and 1 in Taiwan, bringing the total to 683 stores at quarter-end.

Financial highlights

• Operating profit for Q1 FY2025 was ¥1,326 million, down 24.1% year-over-year; recurring profit was ¥1,445 million, down 22.0%.

• Net income attributable to shareholders was ¥921 million, a 27.1% decrease year-over-year.

• Comprehensive income increased 57.1% year-over-year to ¥1,856 million.

• EPS for Q1 was ¥23.18, down from ¥31.80 in the prior year.

Outlook and guidance

• Full-year FY2025 revenue is forecast at ¥243,000 million, up 3.4% year-over-year.

• Operating profit is projected at ¥5,000 million (down 12.3%), recurring profit at ¥5,200 million (down 16.5%), and net income at ¥3,400 million (up 5.4%).

• No change to previously announced guidance.