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CEO Message

Management PhilosophyCreating Richness with Value to SocietyWe are making steady progress in the opening of restaurants under our new mid-term business plan.

Makoto Tani President & Chief Executive Officer Skylark Co., Ltd. Makoto Tani
President & Chief Executive Officer
Skylark Co., Ltd.

Please let me take this opportunity to thank our shareholders and investors for their continued support.

Amid the increasingly difficult operating environment surrounding food service companies, we announced our medium-term business plan for 2017 to 2019 in February 2017, targeting further growth. Until 2016, we worked on various measures such as increasing customer satisfaction by bolstering each business category, remodeling our restaurants, including a change of business categories and interior renewals, and placing signboards for restaurants in roadside locations, with a focus on strengthening the earnings capacity of existing restaurants. We have also begun putting in motion a digital promotion system using applications.

In 2017, we have positioned the strategy of opening restaurants as the pillar of the plan, in addition to the strengthening of existing restaurants. As of this moment, the opening of restaurants is making steady progress in comparison with the plan. In the first half, we opened restaurants of the brands we have developed in response to market needs over the past two years, such as Musashino Mori Coffee, chawan, and Tonkaratei, as well as those of existing brands such as Gusto, Bamiyan, Jonathan’s and Syabuyo. We have opened a new Syabuyo restaurant, which typically opened in roadside locations in the past, in front of Shibuya Station in Tokyo, and Musashino Mori Coffee, which has mainly developed in the Tokyo Metropolitan area, is steadily opening outlets in major regional cities such as Takamatsu, Gifu and Kanazawa this year, following Toyama where it opened last year.

In addition, we opened La Ohana, a Hawaiian-style dining and café, corresponding to coto (value-based) consumption in Honmoku, Yokohama on June 17, and this has been very well received by customers.

Our basic policy on returns to shareholders continues to pay dividends constantly, aiming for a payout ratio of 40% based on adjusted net income. This year, we have enhanced shareholder benefits three times as much as previously.

As we pursue these initiatives, I hope that we can rely on the continued support of all of our shareholders and investors.