Eat and Holdings <2882> operates primarily in the manufacturing and sales of frozen foods, focusing on Chinese general dishes, as well as the chain expansion of daily meal-centered foodservice operations. The company has two business segments, with the Food Service segment expanding major brands like "Osaka Ohsho", a popular Chinese cuisine format, domestically and internationally, along with bakery and cafe formats. In the food business, they aim to enhance the recognition of the "Osaka Ohsho" brand and utilize it in secondary ways by selling frozen food products under the brand to nationwide consumer cooperatives and general mass retailers through wholesalers. By promoting a dual-wheel operation of foodservice and food business, they can leverage economies of scale and mutually enhance brand recognition, which has become a strength in the company's business operations.

For the second quarter of the consolidated performance in the fiscal year ending February 2025, revenue increased by 1.1% year-on-year to 17,951 million yen, and operating profit increased by 7.4% to 668 million yen. Despite the decrease in production volume due to the reduction in manufacturing lines following a fire at the Kanto No. 1 Factory, the food business struggled with declining revenue and profit, while the foodservice business performed well with increased revenue and profit, boosting the overall performance. In the foodservice business, profits were accumulated mainly from the flagship Osaka Ohsho, with segment profits soaring by 117.7% year-on-year to 339 million yen. Factors contributing to this include ensuring that the price increases due to rising raw material prices and labor costs are reflected in sales prices and the stable operation of central kitchen leading to improved profitability.

The consolidated performance forecast for the fiscal year ending February 2025 anticipates a revenue increase of 8.8% to 39,100 million yen compared to the previous period, with an operating profit increase of 20.8% to 1,280 million yen. Concerning the food business, the company plans to focus on expanding production and sales of water dumplings towards the year-end. Production volume at the factory affected by the fire, which had been stagnant, is recovering. The company aims to promote a decrease in unit costs through production volume expansion and focus on accumulating profits. Additionally, price increases have been implemented, expected to contribute to higher profits. In the foodservice business, they are preparing for the busy year-end period, aiming to expand performance by steadily growing existing store sales and expanding the store network through new openings. The total number of stores, which was 451 at the end of August 2024, is set to expand to 470 by the end of the period.

As part of its mid- to long-term strategy, the company aims to deepen the synergy between its core businesses, the food business, and the foodservice business, while promoting the creation of new businesses to enhance performance and increase corporate value. They have set a plan to achieve 50,000 million yen in revenue, 2,500 million yen in operating profit, an operating margin of 5%, ROE of 8%, EPS of 100 yen, and a total of 650 foodservice outlets (550 domestic, 100 overseas) by fiscal year 2026 through the expansion of production capacity, efficiency through smart factory implementation, creation of new businesses using M&A, alliances, and strengthening existing businesses.