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1 Saizeriya Co., Ltd. Financial Results Briefing Session for the Second Quarter of the Fiscal Year Ended August 31, 2014 (42th term: from September 1, 2013 to February 28, 2014) Code No Thursday, April 10, 2014

2 Table of Contents 1. Financial Results for the Second Quarter 2. Major Factors Lifting Business Performance 3. Trends in Major Financial Indicators (Semiannual) 4. Trends in Number of New Outlet Openings and Closures of Outlets, t Outlets t Outstanding t (Semiannual) 5. Number of Outlets in Japan by Region 6. Trends in Financial Results (Semiannual) 7. Financial i Results for Subsidiaries i 8. Trends in Capital Expenditure and Cash Flow 9. Second Quarter Compared to Budget 10. Projected Consolidated Business Performance P 2 P 4 P 10 P 11 P 12 P 13 P 14 P 17 P 18 P 19 Figures in this document are all calculated based on the consolidated accounting system, unless specified otherwise. 1

3 1. Financial Results for the Second Quarter (1) Financial Highlights Increased Net Sales and Decreased Earnings Consolidated Results Sale (millions of yen) Year-on-Year Net Sales 59, % 114.7% Operating Income 1, % 42.5% Ordinary Income 1, % 41.3% Net Income for the Quarter % 6.9% 2

4 (2) Second Quarter Financial Results (millions of yen) Classification Q2 of Year Ended d August 31, 2014 Amount Net Sales Q2 of Year Ended d August 31, 2013 Amount Net Sales Percentage difference Net Sales 59, % 51, % - Gross Net Sales 37, % 34, % -3.3% 3% Operating Income 1, % 3, % -4.2% Ordinary Income 1, % 4, % -5.0% Net Income for the Quarter % 1, % -3.5% 3

5 2. Major Factors Lifting Business Performance (1) Net Sales Year-on-Year : 114.7% I. Number of outlets (For Shanghai, Guangzhou, Beijing, Hong Kong and Taiwan, data for the period between July 2013 and December 2013 are used.) (For Singapore, data for the period between September 2013 and February 2014 are used.) No. of New Outlet Openings No. of Closures of Outlets No. of Outlets Outstanding 2013/2Q 2014/2Q 2013/2Q 2014/2Q 2013/2Q 2014/2Q Japan ,010 Shanghai Guangzhou Beijing Hong Kong Taiwan Singapore Total ,093 1,206 II. New outlet openings 83, Outlet closures 21, Net increase 62, No. of outlets outstanding 1,206 4

6 III. Trends in Net Sales, Number of Customers, Average Customer Spending for All Outlets 110% Net Sales No. of Customers Average Customer Spending 105% 100% 95% 90% Net Sales No. of Customers Average Customer Spending September % 106.3% 99.4% October 99.3% 100.4% 98.9% November 103.8% 104.1% 1% 99.7% December 104.1% 104.3% 99.8% January % 102.6% 99.9% February 105.3% 105.5% 99.8% March 106.3% 107.0% 99.3% April 100.8% 103.4% 97.4% May 104.8% 106.6% 98.3% June 106.1% 108.0% 98.3% July 103.3% 105.2% 98.2% August 104.4% 105.2% 99.2% Consolidated results for last term 103.9% 104.9% 99.0% September % 102.2% 99.4% October 102.9% 103.5% 99.4% November 107.3% 108.4% 99.0% December 105.7% 106.3% 99.4% January % 106.1% 1% 99.3% February 98.9% 99.5% 99.3% Consolidated results for first half of 103.6% 104.4% 99.3% this term March 102.6% 103.0% 99.6% * The graph above reflects only data on Saizeriya's restaurant business, and excludes other businesses of the company. 5

IV. Trends in Net Sales, Number of Customers, Average Customer Spending for Existing Outlets Net Sales No.

6% 98.5% 100.0% December 98.6% 98.5% 100.1% January 2013 97.5% 97.3% 100.2% February 100.3% 100.2% 100.

1% 98.4% 98.6% August 98.3% 98.6% 99.7% Consolidated results for last term 98.3% 98.9% 99.4% September 2013 95.

5% 98.7% 99.7% February 92.5% 92.8% 99.7% Consolidated results for first half of 96.7% 96.9% 99.

7 IV. Trends in Net Sales, Number of Customers, Average Customer Spending for Existing Outlets Net Sales No. of Customers Average Customer Spending September % 99.7% 99.8% October 93.9% 94.6% 99.2% November 98.6% 98.5% 100.0% December 98.6% 98.5% 100.1% January % 97.3% 100.2% February 100.3% 100.2% 100.1% March 101.1% 101.4% 99.7% April 95.5% 5% 97.4% 98.0% May 98.9% 100.2% 98.7% June 100.5% 101.8% 98.8% July 97.1% 98.4% 98.6% August 98.3% 98.6% 99.7% Consolidated results for last term 98.3% 98.9% 99.4% September % 95.5% 99.8% October 95.8% 96.0% 99.8% November 99.4% 100.0% 99.4% December 98.4% 98.5% 99.9% January % 98.7% 99.7% February 92.5% 92.8% 99.7% Consolidated results for first half of 96.7% 96.9% 99.7% this term March 96.7% 96.7% 100.0% * The graph above reflects only data on Saizeriya's restaurant business, and excludes other businesses of the company. 6

V. Trends in Net Sales, Number of Customers, Average Customer Spending (Semiannual) FY 2010/2Q 2011/2Q 2012/2Q 2013/2Q 2014/2Q Net Sales (millions of yen)

of Customers (thousands of people) 62,348 62,382 63,919 66,398 69,324 Average Customer Spending (yen) 745 730 729 726 721 *The above figure indicates

8 V. Trends in Net Sales, Number of Customers, Average Customer Spending (Semiannual) FY 2010/2Q 2011/2Q 2012/2Q 2013/2Q 2014/2Q Net Sales (millions of yen) 46,421 45,513 46,604 48,198 49,956 No. of Customers (thousands of people) 62,348 62,382 63,919 66,398 69,324 Average Customer Spending (yen) *The above figure indicates numerical value for each unit. Net Sales No. of Customers Average Customer Spending (Net Sales / No. of Customers) (Average Customer Spending) 80, ,000 60,000 50,000 40,000 30,000 20, , /2Q 2011/2Q 2012/2Q 2013/2Q 2014/2Q

9 (2) Gross Income Percentage for Net Sales: 63.1% Decreased by 3.3 points on a Year-on-Year Basis 1. Increase in unit prices of supplied materials due to the effect of the currency exchange rate 2. Increased raw material prices (shrimp, chicken, cheese, etc.) 3. Rise in cost rate due to introduction of value lunch specials 8

(3) of SGA to Net Sales: 60.6% Decreased by 0.

Labor costs Increased pay and benefits due to increase in the

productivity (Impact of heavy snowfall in February, etc.

Facilities and related costs Increased depreciation costs for

10 (3) of SGA to Net Sales: 60.6% Decreased by 0.8 points on a Year-on-Year Basis 1. Labor costs Increased pay and benefits due to increase in the number of employees poyees and temporary staff Decrease in productivity (Impact of heavy snowfall in February, etc.) Increase in training costs due to enhanced employee education 2. Facilities and related costs Increased depreciation costs for lunch equipment and register systems for outlets 3. Utility costs (heating, electricity, water) Increase in unit prices of electricity and gas 9

11 3.Trends in Major Financial Indicators (Semiannual) Classification 2012/2Q 2013/2Q 2014/2Q Return on Assets for Quarter (ROA) % Total Assets Turnover (No. of times) Earnings Per Share for Quarter (EPS) (yen) Book-value Per Share (BPS) (yen) 1, , ,332.7 Capital Adequacy % Return on Equity for Quarter (ROE) % Return on Assets for Quarter (ROA) Return on Equity for Quarter (ROE) 2012/2Q 2013/2Q 2014/2Q Earnings Per Share for Quarter (EPS) 2012/2Q 2013/2Q 2014/2Q 10

12 4. Trends in Number of New Outlet Openings and Closures of Outlets, Outlets Outstanding (Semiannual) FY 2012/1H 2012/2H 2013/1H 2013/2H 2014/1H 2014/2H (projected) No. of New Outlet Openings No. of Closures of Outlets No. of Outlets Outstanding ,010 1,029 * The figures above indicates only the number of outlets in Japan. * A net increase of 47 outlets is projected for this term. (No. of Outlets Outstanding) 1,050 No. of New Outlet Openings/Closures and Outlets Outstanding (No. of New Outlet Openings) (No. of Closures of Outlets) 60 1, /1H 2012/2H 2013/1H 2013/2H 2014/1H 2014/2H (projected) No. of Outlets Outstanding No. of New Outlet Openings No. of Closures of Outlets 0 11

13 5. Number of Outlets in Japan by Region Kyushu, 2.2% Chugoku, 1.4% Tohoku/ Hokkaido, 4.8% Region Subtotal to total Prefecture No. of outlets Tohoku/Hokkaido % Hokkaido 9 Miyagi 21 Fukushima 13 Yamagata 5 Kanto % Tokyo 208 Kinki, 18.8% Tohoku/Hokkaido Kanto Kanagawa 113 Chiba 111 Saitama 91 Ibaraki 30 Tochigi 17 Gunma 10 Chubu, 15.4% Kanto, 57.4% Chubu Kinki Chugoku Kyushu Chubu % Aichi 70 Shizuoka 27 Niigata 12 Gifu 11 Nagano 12 Ishikawa 10 Yamanashi 7 Toyama 4 Fukui 3 Kinki % Osaka 87 Hyogo 45 Kyoto 20 Mie 18 Shiga 9 Nara 9 Wakayama 2 Chugoku % Okayama 4 Hiroshima 9 Yamaguchi 1 Kyushu % Fukuoka 22 Total 1, % 1,010 12

6. Trends in Financial Results (Semiannual) (millions of yen) Fiscal Year 2012/2Q 2013/2Q 2014/2Q 2014/8(projected) Year-on-Year Year-on-Year

3% Selling, General and Administrative Expenses (SG&A) 29,035 106.8% 30,910 106.5% 35,929 116.2% 73,600 113.9% Operating Income 3,955 78.4% 3,422 86.

9% 2,600 66.0% Total assets amount 72,672 100.6% 81,123 111.6% 84,616 104.3% 89,100 101.9% Net assets amount 60,185 108.0% 65,436 108.7% 67,418 103.

14 6. Trends in Financial Results (Semiannual) (millions of yen) Fiscal Year 2012/2Q 2013/2Q 2014/2Q 2014/8(projected) Year-on-Year Year-on-Year Year-on-Year Year-on-Year Results Results Results Plan Classification Net Sales 49, % 51, % 59, % 126, % Selling, General and Administrative Expenses (SG&A) 29, % 30, % 35, % 73, % Operating Income 3, % 3, % 1, % 5, % Ordinary Income 4, % 4, % 1, % 6, % Net Income for the Quarter 2, % 1, % % 2, % Total assets amount 72, % 81, % 84, % 89, % Net assets amount 60, % 65, % 67, % 69, % * Totals may not tally as figures are rounded down to nearest million yen. * Figures for 2014/8 (projected) are estimated values. (millions of yen) (millions of yen) 13

15 7. Financial Results for Subsidiaries (1) Financial Results for Consolidated Subsidiaries (by Segment) (millions of yen) Net Sales Operating Income 2013/2Q 2014/2Q % 2013/2Q 2014/2Q % Corporation Previous term Current term Year-on-Year Previous term Current term Year-on-Year Saizeriya 48,198 49, % 3, % Saizeriya Australia 2,068 2, % % Overseas outlets (Asia) 5,177 9, % % Consolidation Elimination -1,960-2, Total 53,484 59, % 3,444 1, % 2% * Totals may not tally as figures are rounded down to nearest million yen. * 2013/2Q totals for Overseas Outlets (Asia) include current 2013/2Q totals for non-consolidated subsidiaries and therefore do not match those in our quarterly report. 41st term 2Q report: Overseas Outlets (Asia) Net Sales (3, million yen) Overseas Outlets (Asia) Operating Income (128 million yen) 14

16 (2) Financial Results for Consolidated Subsidiaries Overseas Outlets (Asia) Breakdown (millions of yen) Net Sales Operating Income 2013/2Q 2014/2Q % 2013/2Q 2014/2Q % Corporation Previous term Current term Year-on-Year Previous term Current term Year-on-Year Saizeriya Shanghai 1,719 2, % % Saizeriya Guangzhou , , % % Saizeriya Beijing 736 1, % % Saizeriya Taiwan % Saizeriya Hong Kong 716 1, % % Saizeriya Singapore % Overseas outlets (Asia) Total 5,177 9, % % 15

17 (3) Development of Overseas Outlets Region 2013/8 New Outlet Opening 2014/1H 2014/2H Closure of Outlets 2014/2 New Outlet Opening (projected) Closure of Outlets (projected) 2014/8 (projected) Shanghai Guangzhou Beijing Hong Kong Taiwan Singapore Overseas Total * For Shanghai, h Guangzhou, Beijing, Hong Kong, and Taiwan Figures for 2014/1H are for July December 2013 and figures for 2014/2H are for January June 2014 * For Singapore Figures for 2014/1H are for September February 2014 and figures for 2014/2H are for March August 2014 * Net increases for full year: 81 outlets 16

18 8. Trends in Capital Expenditure and Cash Flow (millions of yen) 2012/2Q 2012/8 2013/2Q 2013/8 2014/2Q 2014/8 (projected) New outlet openings 2,935 4,857 2,409 4,966 2,878 4,200 Renovation of existing outlets , Yoshikawa Plant Kanagawa Plant Fukushima Plant Hyogo Plant Chiba Plant 1,301 1,301 4,416 4, Head Office and Others Subsidiaries 338 1, ,378 3,172 Capital Expenditure (=A) 5,200 8,200 8,726 13,700 5,142 8,941 Cash Flow (=B) 3,228 8,538 3,126 8,003 2,143 7,531 Depreciation 1,868 3,975 2,125 4,974 2,920 5,839 Balance (=B-A) -1, ,600-5,697-2,999-1,410 * Totals may not tally as figures are rounded down to nearest million yen. Figures for 2014/8 (projected) are estimated values. * The figures above in the Cash Flow row are approximately calculated and therefore do not match those in our cash flow statement. 17

19 9. Second Quarter Compared to Budget Classification 2014/2Q Results 2014/2Q Budget Amount Sales Amount Sales (millions of yen) Budget Net Sales 59, % 55, % 106.2% Gross Operating Income Operating Income 37, % 35, % 104.1% 1, % 3, % 46.9% Ordinary Income 1, % 3, % 52.3% Net Income for the Quarter % 1, % 7.5% 18

20 10. Projected Consolidated Business Performance (1) Revision of Projected Consolidated Business Performance (millions of yen) 2014/8 Revised Projection 2014/8 Initial Projection Amount Sales Amount Sales Changes Percentage change Net Sales Operating Income 126, % 118, % 7, % 5, % 8, % -2, % Ordinary Income 6, % 8, % -2, % Net Income for the Quarter ,600 21% 2.1% ,100 43% 4.3% -2, % * We have revised the projected business performance for the fiscal year ending August 31, because some changes occurred as a result of projecting based on recent performance trends. 19

21 (2) Projected Consolidated Business Performance First Half (Results) Full Year (Projected) Rate of Progress Net Sales 592 1, % Operating Income % Net Income % 5.0% * Figures are rounded down to nearest 100 million yen. Classification 2014/8(projected) Return on Assets for Term (ROA) % 7.0 Total Assets Turnover (No. of times) 1.4 Earnings Per Share for Term (EPS) (yen) 51.5 Book-value Per Share (BPS) (yen) 1,367.8 Capital Adequacy % 77.2 Return on Equity for Term (ROE) %

22 Agenda for Second Half 1. From April, change menus for consumption tax increase (defer tax-inclusive price listings for main menu) 2. Revise strategy for opening outlets in Japan 3. Restructure domestic plants 4. Continue employee education 5. Improve production techniques, enhance research department 6. Continue opening overseas outlets 21

23 Thank you. 22

1.Consolidated Operating Results

1.Consolidated Operating Results (1) Results and Forecasts for Major Financial Indicators (Billions of yen) FY2008 2008.11 YOY 2009.2 YOY 2009.11 YOY FY2009 2010.2 (Forecast) Total net sales 1,155.5 107.7%