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Saizeriya's Nine-Month Profit Increases 12%

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Saizeriya's (TYO:7581) profit attributable to owners of the parent rose 12% to over 8.7 billion yen for the nine months ended May 31 from 7.78 billion yen a year earlier.

The restaurant chain operator's earnings per share increased to 176.39 yen from 157.71 yen a year ago, according to a Tokyo bourse filing on Wednesday.

Net sales jumped nearly 18% to 221.3 billion yen from 188.3 billion yen in the prior year.

For the fiscal year ending Aug. 31, the company expects attributable profit of 11.8 billion yen, basic EPS of 240.40 yen, and net sales of 297 billion yen.

In a separate disclosure, Saizeriya raised its year-end dividend forecast to 35 yen per share, from 30 yen per share previously planned, to be in line with its payout policy. The new figure is also higher than the 30 yen per share paid in the year-ago period.

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