Skylark Holdings

Last updated
Skylark Holdings Co. Ltd.
Native name
すかいらーく
Company type Kabushiki gaisha
TYO: 31970
Industry Restaurant
PredecessorKotobuki Foods Ltd.
FoundedApril 1962
FoundersSkylark Holdings
Headquarters
1-25-8 Nishikubo, Musashino-shi, Tokyo 180-8580, Japan
,
Japan
Number of locations
 Japan, Taiwan, Malaysia, United States
Revenue303,705(yen in millions) [1]
206,910 (yen in millions) [1]
OwnersSkylark Holdings
Number of employees
89,356
Website corp.skylark.co.jp/en/

Skylark Holdings is a Japanese corporation that owns over 2,717 restaurants in Japan, Taiwan, Malaysia and the United States. [2] Their headquarters are in Tokyo, Japan.

Contents

Information

The company began in April 1962, when they opened their first company, Kotobuki Foods Ltd. [3] They went from a private limited company to a joint-stock company in July 1969 and changed their name to Kotobuki Foods Co Ltd. They opened their first restaurant named, "Skylark" in July 1970. [3] They changed their name from Kotobouki Foods Co. Ltd to Skylard Co. Ltd in November 1974. [2]

They opened up another restaurant called, "Tomato and Onion" and in August 1979 and later opened up Jonathan's in April 1980. [3] They opened up a company in Taiwan in January 1982 and began being listed in the Tokyo Stock Exchange in August, 1982. They opened their first "Bamiyan" restaurant location in April 1986, opened up their first "Gusto" restaurant location in March 1992 and opened up their first "Yumean" restaurant location in January 1994. They began testing food delivery in June 1998. They opened up their first "Jyu-Jyu Karubi" restaurant location in December 1998 then opened up their first "Totoyamichi" restaurant location in June 1999. [3]

They opened their first "S Gusto" restaurant in January 2001 and then opened their first "Grazie Gardens" restaurant in March 2001. [3] In December 2001, they reached a milestone by having "Gusto" restaurants opened in all 47 Prefectures of Japan, covering the whole country. In November 2003, they then opened their 1,000th "Gusto" location in Tokyo. Their company was subject to a takeover in June 2006 and they delisted from the Tokyo Stock Exchange in September 2006. [3] [4]

The company opened their first "Syabu-Yo" restaurant location in May 2007 and opened their first "Steak Gusto" restaurant location in March 2010. [3] They re-listed on the Tokyo Stock Exchange in 2014. 2015 was a year of expansion for the company as they opened restaurant locations for "Musashino Mori Coffee" in March 2015, "Miwami" and "chawan" in April 2015. They opened their first Taiwan "Syabu-Yo" location in May 2015 then their first "Yumean Shokudo" restaurant location in September 2015. They then opened their first locations for "Tonkaratei", "Katsukyu", "La Ohana" and "Karayoshi" from 2016 to 2017. [3] Their restaurants became non-smoking in September 2019. The company notably was one of more than 7,600 outlets to close or shorten hours on New Year's Eve in 2019. [5] The company finished off 2019 with a 3.4% stock market drop. [6]

The company started offering digital menus in March 2020 and stopped offering 24 hour service at all stores in July 2020, [7] [8] [9] but later re-opened some restaurants for 24 hour service. [10] [11] The company closed 200 restaurants during the COVID-19 pandemic [12]

They opened their first "Shabu-Yo" restaurant location in Malaysia in August 2020 and opened their first "Shabu-You" restaurant location in the US in September 2021. The company then began installing floor service robots in over 1,000 "Gusto" and "Syabu-Yo" locations in October 2021. [13] [14] [3] The company raised prices in October 2022 due to inflation. [15] The company announced that they would be closing 100 restaurant locations in 2023 [12] due to 2022 losses [16]

In February 2023, the company said they were aiming for 170 restaurant locations outside of Japan. [17] Also in February 2023, the company had to stop selling some egg related items due to the bird flu. [18] [19] [20] The company opened a new restaurant chain called, "Tohsai" in February 2023 [21] They made Minoru Kanaya a director in February 2023, which was the first major personnel change in 15 years. [22]

In March 2023, the company opened its 10th Musashino Mori Coffee restaurant location in Saitama Prefecture. [23]

Number of locations

RestaurantRestaurant count [3]
Gusto1,317
Bamiyan355
Syabu-Yo276
Jonathan's 206
Yumean173
Steak Gusto99
Karayoshi86
Musashino Mori Coffee65
Aiya41
Grazie Gardens25
Totoyamichi24
chawan21
La Ohana17
Tonkaratei9
Others3
Total2,717

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References

  1. 1 2 "Skylark Holdings Co. Ltd".
  2. 1 2 "What are the results of Skylark's ESG/sustainability initiatives and future policies? Shareholder benefits and dividend trends". 19 February 2023.
  3. 1 2 3 4 5 6 7 8 9 10 "Corporate History".
  4. ↑ Illustrated introductory business A book that clearly understands the basics and mechanisms of the latest investment funds, publisher: Hidewa System, published: 2006
  5. ↑ "Over 7,600 Japan retail, food outlets to close or cut hours over New Year's: survey". Mainichi Daily News. 27 December 2019.
  6. ↑ "Japanese shares steady amid trade optimism". Reuters .
  7. ↑ "Following convenience stores, Japanese family restaurant leader decides not to open 24 hours".
  8. ↑ "Japanese restaurant group Skylark to end 24-hour trading". 21 January 2020.
  9. ↑ "Skylark to scrap 24-hour services at 155 family restaurants".
  10. ↑ "Skylark HD announces "extension" of shortened business hours due to Corona Targeting "all stores" such as Gust, Bamiyan, Jonathan".
  11. ↑ "Gusto owner Skylark mulls bringing back 24-hour service".
  12. 1 2 "Japan's Skylark to shut 100 outlets, including Gusto family restaurants".
  13. ↑ "Skylark opens new business formats one after another".
  14. ↑ "Japan's Skylark rolls out robo-waiters for contactless dining".
  15. ↑ Fujikawa, Megumi. "Japan Is the One Place Where Inflation Might Be About Right". WSJ.
  16. ↑ "Skylark Turns to Loss on Strong Inflation, COVID-19 Impact in FY2022s". 16 February 2023.
  17. ↑ "Japan's Skylark aims for 170 restaurants overseas in U.S., Asia".
  18. ↑ "Skylark suspends sales of some chicken egg products due to bird flu". 10 February 2023.
  19. ↑ "Skylark HD suspends sales of some menu items using eggs due to shortage of eggs".
  20. ↑ "The price of mayonnaise in Japan's scrambled eggs has risen, and the price of Tokyo eggs has reached a new high in nearly 40 years". 23 February 2023.
  21. ↑ "About 50 kinds of all-you-can-eat including dim sum! "Skylark" Group's New Dim Sum Specialty Chain Store".
  22. ↑ "Skylark HD changes president for the first time in 15 years".
  23. ↑ "Welcome to Musashino Mori Coffee, a relaxing space with the image of a highland resort. March 1st (Wednesday) "Musashino Mori Coffee Tsurugashima Mitsugi" opens!". 28 February 2023.
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