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Investor Presentaiton

Current status of restaurant market three years from the start of the COVID-19 pandemic Two hindrances of restaurant management Worsening labor shortage Recruitment difficulties, Rising human resource costs Soaring ingredients costs and utility costs Sharp rise in costs due to the Ukraine situation and prolonged weak yen In preparation for other business stagnation risks, it is necessary to create more flexible and muscular stores Three changes in consumers Changes due to penetration of telework ✓ Decline in daily opportunities for dining out, such as on the way home from work ✓ On the other hand, there is greater clarity of purpose of dining out, such as when, with whom, and how they want to enjoy it Changes caused by requests stay-at-home and restrictions on activities ✓ Re-realize the value of experience of real interaction unique to dining out Trend of refraining from late-night dining out, such as at afterparties Changes in behavior related to restaurant searches Increase in dining out with prior reservations sparked by the Go To Eat campaign Increase in restaurant searches on services beyond specialist restaurant information sites, such as Google and social media GURUNAVI 21
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