Kura Sushi Asia Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Kura Sushi Asia Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 795.78 million compared to TWD 379.44 million a year ago. Net income was TWD 21.99 million compared to net loss of TWD 53.82 million a year ago. Basic earnings per share from continuing operations was TWD 0.48 compared to basic loss per share from continuing operations of TWD 1.17 a year ago. Diluted earnings per share from continuing operations was TWD 0.47 compared to diluted loss per share from continuing operations of TWD 1.17 a year ago.
For the six months, sales was TWD 1,710.62 million compared to TWD 1,171.48 million a year ago. Net income was TWD 84.29 million compared to TWD 5.01 million a year ago. Basic earnings per share from continuing operations was TWD 1.82 compared to TWD 0.11 a year ago. Diluted earnings per share from continuing operations was TWD 1.8 compared to TWD 0.11 a year ago.
KURA SUSHI ASIA CO., LTD. is a Taiwan-based company that operates chain kaiten sushi with the brand name Kura Sushi. The main products are sushi. The Company is mainly engaged in the operation of Japanese-style kaiten sushi chain restaurant brands, providing consumers with Japanese sushi, pastas, desserts and beverages. The Company also develops various types of products such as sushi and side dishes, such as ramen noodles, udon noodles, and desserts.