Analyst

Steve Zhou, CFA

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

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

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

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

Equity Bottom-Up

<ul>
<li>I continue to believe that Saizeriya is the best pick for gaining exposure to Asia/China restaurant space.</li>
<li>Saizeriya has a very clear business strategy and focus:  price.  The founder Yasuhiko Shogaki made it clear that price always comes first, and everything else second. </li>
<li>Looking ahead, the runway for growth in China is huge.  The company is currently only in 3 cities for a total of 373 stores as of end-FY23 year ending August.</li>
</ul>


I continue to believe that Saizeriya is the best pick for gaining exposure to Asia/China restaurant space.
Saizeriya has a very clear business strategy and focus:  price.  The founder Yasuhiko Shogaki made it clear that price always comes first, and everything else second. 
Looking ahead, the runway for growth in China is huge.  The company is currently only in 3 cities for a total of 373 stores as of end-FY23 year ending August.


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