Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Kura Sushi,Inc.    2695   JP3268200007

KURA SUSHI,INC.

(2695)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Japan's Aeon aims to serve eco-certified sushi in time for Olympics

share with twitter share with LinkedIn share with facebook
share via e-mail
01/21/2020 | 03:45am EST
A man orders sushi through a touch screen device during a media event a day before the official opening of Kura Sushi's new branch in Tokyo

Japanese supermarket chain Aeon Co Ltd, Asia's biggest retailer by sales, said it aims to start selling eco-certified sushi this year amid growing demand for sustainable seafood and in time for an expected surge in tourists during the Tokyo Olympics.

Japan is one of the world's biggest consumers of seafood. While its consumers are known for paying a premium for high-quality food products, and for setting global food trends, Japan has lagged behind Europe and the United States in adopting policies on traceability and sustainable fisheries.

"I would say awareness has really improved in recent years," Kinzou Matsumoto, general manager in charge of Aeon's seafood merchandising planning, said on Tuesday as the company unveiled an expansion of its eco-certified lineup of seafood to include oysters approved by the Marine Stewardship Council (MSC).

"Right now, certified items make up around 15% of our entire seafood products. Ideally we want to bring it to around 20%," he said, adding that it would soon have enough types of certified fish to assemble assorted sushi packs.

"We want to sell certified sushi to visitors coming to the Olympics, too... and that would have to be by June."

The MSC said Aeon's scale would help expand recognition for sustainable seafood among Japanese consumers, and encourage fisheries.

"A commitment from Aeon is critical in driving change," said MSC's Asia-Pacific regional director Patrick Caleo.

Japanese businesses including beer makers and hotels are making preparations to cater for record numbers of foreign visitors to Japan this summer as Tokyo hosts the Olympic Summer Games beginning in late July.

Kura Sushi, among Japan's largest conveyer belt sushi chains, is opening its biggest branch this week - a store with 272 seats expected to draw 2,000 customers a day.

It forecasts that the number of foreigners visiting its restaurants in Tokyo to rise by about a third compared to a usual year.

Kura Sushi President Kunihiko Tanaka also defended the safety of seafood in Japan, including those from Fukushima, the site of the 2011 nuclear disaster.

Government data shows Fukushima seafood is "absolutely" safe, Tanaka said, adding that Kura Sushi planned to open a restaurant in Fukushima.

South Korea's Olympic committee said in December that it plans to buy radiation detectors and ship homegrown ingredients to Japan for its athletes because of its concerns over food.

(Reporting by Ritsuko Ando and Ju-min Park; Additional reporting by Maki Shiraki; Editing by Christopher Cushing and Susan Fenton)

Stocks mentioned in the article
ChangeLast1st jan.
AEON CO., LTD. -0.15% 2296.5 End-of-day quote.-0.28%
KURA SUSHI,INC. -1.30% 5330 End-of-day quote.0.00%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED -0.23% 435 End-of-day quote.-0.46%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on KURA SUSHI,INC.
01/22KURA SUSHI USA : taps CrunchTime to help grow US presence
AQ
01/21Japan's Aeon aims to serve eco-certified sushi in time for Olympics
RE
01/08KURA SUSHI USA : loss widens, but company bullish on 2020 expansion plans
AQ
2019KURA SUSHI USA : opening in Texas
AQ
2019KURA SUSHI,INC. : Ex-dividend day for final dividend
FA
2019KURA SUSHI,INC. : Anniversary bonus dividend
FA
2019KURA SUSHI : Japanese conveyor belt sushi chain Kura Sushi makes Nasdaq debut
AQ
2019KURA SUSHI INC : half-yearly earnings release
2018KURA CORPORATION : annual earnings release
2018KURA CORPORATION : Ex-dividend day for final dividend
FA
More news
Financials (JPY)
Sales 2020 148 B
EBIT 2020 6 891 M
Net income 2020 4 637 M
Finance 2020 16 853 M
Yield 2020 0,84%
P/E ratio 2020 22,7x
P/E ratio 2021 19,9x
EV / Sales2020 0,60x
EV / Sales2021 0,55x
Capitalization 105 B
Chart KURA SUSHI,INC.
Duration : Period :
Kura Sushi,Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends KURA SUSHI,INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 6 155,00  JPY
Last Close Price 5 330,00  JPY
Spread / Highest target 19,4%
Spread / Average Target 15,5%
Spread / Lowest Target 12,6%
EPS Revisions
Managers
NameTitle
Kunihiko Tanaka President & Representative Director
Makoto Tanaka Director, VP, GM-Operations, Personnel & Legal
Setsuko Tanaka Director & General Manager-Environmental Business
Yoshito Ito Director & General Manager-Store Construction
Manabu Kamei Director & General Manager-Overseas Business
Sector and Competitors
1st jan.Capitalization (M$)
KURA SUSHI,INC.0.00%952
MCDONALD'S CORPORATION8.84%161 975
YUM BRANDS4.43%31 161
CHIPOTLE MEXICAN GRILL INC.11.56%25 757
RESTAURANT BRANDS INTERNATIONAL INC.3.98%19 779
YUM CHINA HOLDINGS, INC.-4.08%17 353