Foodsnet Corporation - 7580- Profile

Foodsnet Corporation. The Group's principal activity is to operate sushi bar chain with operation of both direct-run and FC stores. It also operates door-to-door sushi delivery service and Japanese food restaurants. The Group has rights to use 'Atom Boy' brand-name and 'Astro Boy' character in tie-up with Tezuka Production. Revolving sushi restaurants accounted for 43% of fiscal 2002 revenues; Foodstuffs, 22%; Japanese food restaurants, 18%; Grilled beef restaurants, 10%; Sushi home deliveries, 4%; Royalties, 3% and Others, nominal.