Garden Reports First Quarter Results, Outlines Expansion Plans

TOKYO, Jul 28 (Pulse News Wire) – Garden CO.,LTD. (274A.T) reported its fiscal 2027 first quarter results, highlighting a decline in existing store sales due to reduced customer traffic and rising raw material costs.

To address this, the company is focusing on improving quality, enhancing promotions, and expanding hybrid branding strategies such as the "Ikkakuya" and "Oil Noodles" dual-brand approach. The company also detailed plans to accelerate expansion through franchising and mall food court locations, aiming to achieve cost efficiency and faster investment recovery.

Additionally, Garden outlined its strategy for overseas growth, particularly in Thailand, leveraging local partnerships to validate market potential and operational models before scaling up across Southeast Asia. Regarding financials, while borrowings increased to prepare for future investments, the company maintained a strong cash position to ensure liquidity and support rapid decision-making in acquisitions.

Dividend policy remains stable at the current annual rate, with plans to increase absolute profits within the dividend payout ratio framework.