Colowide Expected final loss of 5.4 billion yen by March next year 17:48 on November 10

Colowide, which develops yakiniku chain "Gyu-Kaku", announced that it will have a final loss of 5.4 billion yen for the first year until March next year, which is the final deficit for the second consecutive term.

Ootoya Holdings Co., Ltd., a set meal chain that has been acquired through the takeover bid for TOB = shares, is also expected to be in the final deficit for the second consecutive term, and the issue is how to recover the performance of both parties in the future.

According to the announcement of Colowide, the tendency to refrain from eating out due to the influence of the new coronavirus has spread, and the financial results for the half year until September of the entire group are 39.3% lower than the same period last year. The deficit was 72.8 billion yen and the final profit / loss was 7 billion yen.



In addition, the company announced that it will have a final deficit of 5.4 billion yen for the year ending March next year.

On the other hand, Ootoya Holdings Co., Ltd., which Colowide made a subsidiary through TOB this month, also announced on the 10th that the group's overall business performance for the year to March next year will be a final deficit of 4.8 billion yen.



Both are expected to be in the final deficit for the second consecutive term as annual financial results.



Korowaido is, but we are with the work on management improvement of Odo shop at such as reducing procurement costs of food, in the prospect of convergence of the new coronavirus is not stand, how we rebuild both the performance becomes an issue through a subsidiary I will.