| Business Summary | | Benihana,
Inc.,
an
operator
of
Japanese
teppanyaki-style
restaurants
in
the
United
States,
owned
and
operated
58
teppanyaki
and
sushi
restaurants
and
franchised
16
others
at
June
30,
2001.
The
Company
operates
three
Japanese
theme
concepts:
Benihana;
Sushi
Doraku
by
Benihana;
and
Haru.
The
Benihana
concept
offers
casual
upscale
dining
in
a
distinctive
Japanese
atmosphere
enhanced
by
the
unique
entertainment
provided
by
the
Company's
highly-skilled
Benihana
chefs
who
prepare
fresh
steak,
chicken
and
seafood
in
traditional
Japanese
style
at
the
customer's
table.
The
Sushi
Doraku
by
Benihana
concept
offers
sushi
"kaiten"
style.
At
a
kaiten
bar,
customers
select
their
favorite
sushi
items
from
a
continuously
revolving
conveyor
system.
The
Haru
concept
offers
sushi
as
well
as
other
certain
Japanese
dishes.
Haru
also
offers
delivery
and
takeout,
which
account
for
approximately
45%
of
the
total
sales. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | BNHN
owns
and
operates
58
Japanese
teppanyaki-style
restaurants
and
franchises
16
others
under
the
name
of
Benihana.
For
the
fiscal
year
ended
4/1/01,
total
revenues
increased
19%
to
$163.2
million.
Net
income
applicable
to
Common
increased
4%
to
$9
million.
Revenues
reflect
increased
customer
traffic
at
restaurants
and
increased
comparable
restaurant
sales.
Earnings
were
partially
offset
by
higher
cost
of
restaurant
food
and
beverages
as
a
percentage
of
revenues. Recent Earnings Announcement For
the
3
months
ended
07/22/2001,
revenues
were
50,935;
after
tax
earnings
were
2,447. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2001
Compensation | | Pay | Exer | |
| Joel Schwartz, 60 Pres
and CEO | $392K | -- | Taka Yoshimoto, 55 Exec.
VP, Operations, Director | 212K | -- | Michael Burris, 51 Sr.
VP-Fin., Treasurer | 204K | -- | Juan Garcia, 37 VP
and Controller | 132K | $32K | Kevin Aoki, 33 VP
- Marketing | 149K | -- | Dollar amounts are as of 1-Apr-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|