Analyst

Steve Zhou, CFA

15 years of experience in both buy and sell-side in Asia.

Saizeriya (7581 JP):  Buy On Any Weakness On A More Profitable Japan And Continued Strength In China

Saizeriya (7581 JP):  Improvement In Profitability In Japan Materialized in 3Q24

Saizeriya (7581 JP):  Japanese Company + Fast Casual Italian Food = China Growth Story?

Saizeriya (7581 JP):  Best Pick For Asia/China Restaurant Space

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/saizeriya-co-ltd" target="_blank" data-smartkarma-citation="entities:14362:1" rel="noopener">Saizeriya (7581 JP)</a> reported FY1Q24 results (September to November) last week.  Sales grew 22% yoy, and was 2% higher than company guidance.  Operating profit grew 104%.</li>
<li>Operating profit for the Asia business, the key growth driver of the company, was Y3.3bn, up 56% yoy and above management guidance. </li>
<li>Overall thesis remains intact, as the Asia business performed slightly better than expectations. </li>
</ul>



Saizeriya (7581 JP) reported FY1Q24 results (September to November) last week.  Sales grew 22% yoy, and was 2% higher than company guidance.  Operating profit grew 104%.
Operating profit for the Asia business, the key growth driver of the company, was Y3.3bn, up 56% yoy and above management guidance. 
Overall thesis remains intact, as the Asia business performed slightly better than expectations. 


Saizeriya (7581 JP):  Asia Business Slightly Beat While Japan Operating Profit Missed