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Mita Securities

Research from Mita Securities

Mita Securities provides a full scale diversified investment banking and financial services. A comprehensive investment banking department, specializes in rights offerings advisory, take-over bids agents, M&A etc. Including a proprietary trading desk, and wealth management department that offers brokerage, custody, real estate, and full proxy services.

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<ul><li>Same-store sales for company-owned stores were 123.9% vs. April 2021 (108.1% for March), 743.9% vs. April 2020 (93.9% for March), and 102.7% vs. April 2019 (91.3% for March)</li><li>Sales have been strong, as operating restrictions were lifted in late March. In particular, the Yakiniku division (Japanese BBQ) performed much better than in the pre-pandemic period</li><li>The number of domestic company-owned stores at end of April was 365 (+5 MoM, +25 vs. end FY6/21).</li></ul>

Same-store sales for company-owned stores were 123.9% vs. April 2021 (108.1% for March), 743.9% vs. April 2020 (93.9% for March), and 102.7% vs. April 2019 (91.3% for March)Sales have been strong, as operating restrictions were lifted in late March. In particular, the Yakiniku division (Japanese BBQ) performed much better than in the pre-pandemic periodThe number of domestic company-owned stores at end of April was 365 (+5 MoM, +25 vs. end FY6/21).

Monogatari Corporation (3097): Consumers Cannot Resist Japanese BBQ

<ul><li>Same-store sales for directly-owned stores were 108.2% vs. March 2021 (102.9% for February), 94.0% vs. March 2020 (70.2% for February)</li><li>The business environment was unfavorable for the company which mainly operates all- you can-eat restaurant formats, as requests for shorter operating hours continued until mid-March</li><li>However, we have the impression that the company did well despite the difficult business environment</li></ul>

Same-store sales for directly-owned stores were 108.2% vs. March 2021 (102.9% for February), 94.0% vs. March 2020 (70.2% for February)The business environment was unfavorable for the company which mainly operates all- you can-eat restaurant formats, as requests for shorter operating hours continued until mid-MarchHowever, we have the impression that the company did well despite the difficult business environment

Monogatari Corporation (3097): Signs of Recovery Among Senior Customers at Yuzuan

<ul><li>February SSS 102.9% vs. 2021, 88.2% vs. 2019 (pre-pandemic)</li><li>Monogatari Corporation (3097, the company) disclosed monthly data for February (on a preliminary basis)</li><li>Same-store sales for the Yakiniku division were 103.6% vs. February 2021 (129.9% for January), 69.2% vs. February 2020, and 95.2% vs. February 2019</li></ul>

February SSS 102.9% vs. 2021, 88.2% vs. 2019 (pre-pandemic)Monogatari Corporation (3097, the company) disclosed monthly data for February (on a preliminary basis)Same-store sales for the Yakiniku division were 103.6% vs. February 2021 (129.9% for January), 69.2% vs. February 2020, and 95.2% vs. February 2019

Monogatari Corporation (3097): Solid Sales, Especially in Japanese BBQ

Executive Director, Metrical Inc

Aki Matsumoto

Executive Director

Independent Leading Corporate Governance Research

Metrical Inc

METRICAL INC. is an independent leading Corporate Governance research firm in Japan where Corporate Governance is increasingly recognized as an important element on corporate management in these days. Thus, CG research and solutions would become an essential component of global capital markets and play important to contribute to transparency of the markets and maximize shareholders’ value in Japan. 

METRICAL INC. provides Corporate Governance research and analysis including rating services, and  also offers investment research and IR services with solutions and customized profound research on CG and IR issues.

<ul>
<li>I have introduced Monogatari Corporation (3097) before as a listed company that has been implementing advanced diversity initiatives. This article will update as I participated in the analyst meeting.</li>
<li>The essence of D&amp;I is to instill a culture of "it's okay for everyone to be different," so that each person is not afraid to voice his or her opinion.</li>
<li>By having each person express their opinion, it creates a culture of discussion within the company.  President Kato says that there are three benefits to this.</li>
</ul>


I have introduced Monogatari Corporation (3097) before as a listed company that has been implementing advanced diversity initiatives. This article will update as I participated in the analyst meeting.
The essence of D&amp;I is to instill a culture of "it's okay for everyone to be different," so that each person is not afraid to voice his or her opinion.
By having each person express their opinion, it creates a culture of discussion within the company.  President Kato says that there are three benefits to this.


Japan's Governance: Diversity Is Strength：Update

<ul><li>Monogatari Corporation (3097) announced 1H (Jul-Dec) FY6/22 consolidated results</li><li>In 2Q (Oct-Dec), sales were 19.813bn yen (+11.0% YoY, +26.0% QoQ), OP was 1.542bn yen (+5.9% YoY, vs. -32m yen in 1Q)</li><li>The number of stores at the end of 1H was 605 (+21 from end-FY6/21)</li></ul>

Monogatari Corporation (3097) announced 1H (Jul-Dec) FY6/22 consolidated resultsIn 2Q (Oct-Dec), sales were 19.813bn yen (+11.0% YoY, +26.0% QoQ), OP was 1.542bn yen (+5.9% YoY, vs. -32m yen in 1Q)The number of stores at the end of 1H was 605 (+21 from end-FY6/21)

Monogatari Corporation (3097): 2Q OP Exceeded the Company Target

Japan

Monogatari Corporation operates a restaurant chain.  The Company's restaurants include Japanese, BBQ, noodle, and Japanese-style pancake restaurant.

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Monogatari Corp (3097 JP)

Monogatari Corporation (3097): Consumers Cannot Resist Japanese BBQ

Same-store sales for company-owned stores were 123.9% vs. April 2021 (108.1% for March), 743.9% vs. April 2020 (93.9% for March), and 102.7% vs....

Mita Securities

Monogatari Corporation (3097): Signs of Recovery Among Senior Customers at Yuzuan

Same-store sales for directly-owned stores were 108.2% vs. March 2021 (102.9% for February), 94.0% vs. March 2020 (70.2% for February) The business...

Mita Securities

Monogatari Corporation (3097): Solid Sales, Especially in Japanese BBQ

February SSS 102.9% vs. 2021, 88.2% vs. 2019 (pre-pandemic). Monogatari Corporation (3097, the company) disclosed monthly data for February (on a...

Mita Securities

Japan's Governance: Diversity Is Strength：Update

In my previous article, "Diversity is Strength," I introduced Story Corporation (3097) as a company with advanced diversity initiatives. This...

Metrical Inc

Monogatari Corporation (3097): 2Q OP Exceeded the Company Target

Monogatari Corporation (3097) announced 1H (Jul-Dec) FY6/22 consolidated results. In 2Q (Oct-Dec), sales were 19.813bn yen (+11.0% YoY, +26.0%...

Mita Securities

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