Essayer OR - Gratuit
Japan Foods reports $2.9m loss in tough business environment
The Straits Times
|February 08, 2025
It cut the number of its outlets from 84 to 82 in 2024, and will continue to streamline operations, manage costs
Japan Foods, which has franchised brands like Ajisen Ramen, may close more eateries as it continues to streamline operations and manage costs, after reporting a loss of $2.9 million for the nine months till Dec 31, 2024.
The group had already cut the number of its outlets from 84 to 82 at the end of 2024, it said on Feb 6 in a filing on the Singapore Exchange about its financial results.
In response to queries from The Straits Times, it said that it monitors its restaurant network closely and may not renew the leases of non-performing stores when the leases are up.
"As part of its restaurant portfolio management strategy, Japan Foods regularly reviews per-store performance and may undertake rebranding of stores to better suit the demographics at each location and optimise performance," it added.
Cette histoire est tirée de l'édition February 08, 2025 de The Straits Times.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE The Straits Times
The Straits Times
Students lead effort to save birds from crashing into iconic NTU building
Birds would fly straight into the glass facade thinking the windows are part of landscape
4 mins
November 03, 2025
The Straits Times
'What we promise, we deliver': Sunway founder on building a legacy of trust
Tycoon seeks to make conglomerate a major gateway from S'pore to Malaysia
4 mins
November 03, 2025
The Straits Times
Why renewables are difficult to talk about at UN climate summits
When the 2035 climate targets of countries are scrutinised at the upcoming United Nations climate change conference COP30 in Brazil, the spotlight will be on whether the nations have done enough to meet a collective goal to ramp up clean energy adoption.
4 mins
November 03, 2025
The Straits Times
Benz Hui's family to donate all condolence money to charity
All the condolence money for veteran Hong Kong actor Benz Hui will be donated to the Children’s Cancer Foundation, his family said in an obituary released on Oct 31.
1 mins
November 03, 2025
The Straits Times
Dear Evan Hansen still moves with its message of feeling included
The title's second outing in Singapore features a larger cast and set, and has maintained the relatability and heart of the story
2 mins
November 03, 2025
The Straits Times
From Vanuatu to Yishun: The plant giving S’pore fall colours all year
As the weather cools in the Northern Hemisphere, fall foliage is sure to draw the eye. But even in tropical Singapore, the colours of autumn can be enjoyed year round - in Gardens by the Bay and along the country’s streetscapes, from Yishun to Bukit Panjang.
5 mins
November 03, 2025
The Straits Times
Nearly half of Cat A COEs go to EVs in first 9 months of 2025
EVs make up 43% of new car registrations, up from 33.8% in 2024 and 18.2% in 2023
2 mins
November 03, 2025
The Straits Times
Youth who faced family tragedy among 12 inaugural President's Challenge fellows
Growing up in a troubled family, Ms Shirlene Ng was 13 when she witnessed her mother take her own life. Her mental health took a hit.
3 mins
November 03, 2025
The Straits Times
An uneven muddle of themes and genres
A deeper dive into the intergenerational female trauma of Congratulations, Get Rich! would make for a — pun intended — richer story
2 mins
November 03, 2025
The Straits Times
Backyard cafes in JB village give owners hope of lease extension
Locals bank on increased economic activity boosting their case, preserving area’s heritage
5 mins
November 03, 2025
Listen
Translate
Change font size