Research from Mita Securities, Mita Securities

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.

Research from Mita Securities

Equity Bottom-Up

KOMEDA Holdings Co Ltd / Equity Bottom-Up

<ul><li>Wholesale sales to franchisees (same-store basis) in March were 103.0% vs. March 2021 (97.2% for February)</li><li>We have the impression that in-store dining sales have been improving generally due to lifting of the shorter operating hours requests</li><li>It appears that the market responded positively to the lifting of the shorter operating hour requests in late March</li></ul>

Wholesale sales to franchisees (same-store basis) in March were 103.0% vs. March 2021 (97.2% for February)We have the impression that in-store dining sales have been improving generally due to lifting of the shorter operating hours requestsIt appears that the market responded positively to the lifting of the shorter operating hour requests in late March

Komeda Holdings (3543): Wholesale Sales on a Recovery Track in March; Food Service Industry Update