Subway Japan Today, January 28: New Stores in Yokosuka and Asahikawa
Subway Japan expansion is picking up pace under Watami’s master franchise. A new store will open at Coaska Bayside Stores in Yokosuka in February, followed by Aeon Mall Asahikawa Ekimae in late May. The timing aligns with a tenant refresh in Asahikawa. We see this Subway Japan expansion as a sign of fast-casual recovery that can lift mall traffic, food-court sales, and leasing momentum. Investors should watch opening cadence, menu localization, and delivery uptake across regions.
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