AMIYAKI TEI CO., LTD.

Amiyaki-tei, which operates yakiniku restaurants and other businesses, plunged after it lowered its consolidated earnings forecast for the fiscal year ending March 2027 at 9 a.m. on the 5th. The full-year consolidated operating profit forecast was revised down from 2.5 billion yen to 2.0 billion yen, a decline of 9.5 percent from the previous fiscal year. The company expects increases in raw material costs, labor costs, logistics costs, utility costs, and promotional expenses to continue in the second half. It said the growing consumer tendency to economize amid rising food and beverage prices is also weighing on its performance. The consolidated results for the cumulative second quarter of the fiscal year ending March 2027, covering April to September, announced at the same time, showed sales of 20 billion yen, up 10.1 percent from the same period a year earlier, and operating profit of 850 million yen, down 14.0 percent, as rising raw material prices and labor costs took their toll.