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Japan Foods' 2nd-half loss widens to $6.2m in 'tough' market
The Straits Times
|May 26, 2025
Fall in consumer spending, rising costs among issues
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Restaurant operator Japan Foods on May 25 reported a loss of $6.2 million for the second half ended March 31, sinking further into the red from a loss of $576,000 in the corresponding year-ago period.
This comes as the group's revenue for the half slid 7.5 per cent year on year to $40.2 million, from $43.4 million.
The group attributed this to "tough market conditions", as existing brands, including Yakiniku Shokudo, Ajisen Ramen and Menya Musashi, generated lower revenue.
Loss per share for the period stood at 3.6 cents, compared with a loss per share of 0.33 cent in the second half of the 2024 financial year.
Cette histoire est tirée de l'édition May 26, 2025 de The Straits Times.
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