Protests in Hong Kong Sales declined at Japanese companies in the market on August 13 at 18:01
The impact of ongoing protests in Hong Kong has spread to Japanese companies that have already entered the country. In major beef bowl chains, sales have been declining due to a series of inability to operate at nearby stores where large-scale demonstrations were held.
“Yoshinoya”, which has 61 stores in Hong Kong, has been in operation due to the effects of demonstrations in addition to the fact that some stores in the vicinity where large-scale protests took place were not available since the end of June. This means that the number of customers in the store is far away, and sales dropped by more than 10% last month compared to the same month last year.
Since then, protests have become more intense, so the company wants to carefully monitor the changes in the situation.
In addition, according to AEON, which has 64 stores such as general supermarkets and drug stores in Hong Kong, all are operating as usual, but if it is determined that the safety of customers can not be secured due to the status of protests, It means that we are considering increasing the closing time.
Hong Kong is an Asian base for financial institutions around the world, as well as Tokyo and Singapore, and the effects of protests are spreading among Japanese financial institutions.
Tokio Marine & Nichido is operating as usual, but local bases have adopted “Telework” that allows employees to work away from home or work at home without having to leave the office.
The Mitsubishi UFJ Bank, which has a local branch, operates as usual, but calls on employees who plan to travel to Hong Kong to refrain from rushing.