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

<ul><li>December SSS 107.0% vs. 2019, of which Yakiniku division 117.8%</li><li>The number of domestic directly-owned stores at end of December was 352 (+3 MoM, +12 vs. end-FY6/21)</li><li>Many of the company's restaurant formats use an all-you-can-eat system with a time limit. In addition, they are not suitable for takeout or delivery</li></ul>

December SSS 107.0% vs. 2019, of which Yakiniku division 117.8%The number of domestic directly-owned stores at end of December was 352 (+3 MoM, +12 vs. end-FY6/21)Many of the company's restaurant formats use an all-you-can-eat system with a time limit. In addition, they are not suitable for takeout or delivery

Monogatari Corporation (3097): Japanese BBQ Extremely Popular at Year-End