Translation Results Requested Through Conyac Made Public

Thanks to the price reduction, Yoshinoya recorded 31% increase in customers visiting its stores and 16% increase in sales during May, both on year to year basis. "There's no major change in consumers' sentiment (from the Abenomics) for daily consumer products. We are not planning to pursue high price strategy. We will continue to expand our offering in 300 to 400 Yen range for those who seek more value for a price under 500 Yen.", said Mr. Sumitake Kadowaki, a senior managing director, at an interview.