Sushiro raises earnings forecast, announces dividend increase for FY25/9

Food & Life Companies (TSE:3563), operator of the Sushiro restaurant chain, has revised its consolidated earnings forecast for the fiscal year ending September 30, 2025, and announced an increase in its year-end dividend. The company anticipates revenue of JPY416,000 million, up from the previous forecast of JPY408,000 million announced in November 2024. Adjusted EBITDA is now projected at JPY46,500 million, compared to the earlier JPY41,800 million. Operating profit is expected to reach JPY32,500 million, a notable increase from the initial JPY26,000 million. The profit attributable to owners of the parent has also been revised upward to JPY19,000 million from JPY15,000 million with Basic Earnings Per Share rising to JPY167.94. This revision reflects stronger-than-expected consolidated financial results for the first half of FY25, fueled by attractive promotions and campaigns strengthening domestic Sushiro revenue and strong international Sushiro business, especially in mainland China. The company will increase its year-end dividend to JPY30.00 per share, up JPY2.50 from the previously anticipated JPY27.50. This increase aligns with the company’s policy of distributing profits in line with performance and the need to maintain stable dividends, while also considering factors such as performance and retained earnings.