Family Restaurant Royal HD Up to 28 billion yen Deficit forecast November 13 17:34
Royal Holdings Co., Ltd., a major family restaurant, said that due to the closure of stores due to the new coronavirus, the final profit and loss for the year to December will be the largest deficit of 28 billion yen since its establishment. Announced the outlook.
Royal Holdings announced on the 13th that the group's nine-month financial results from January to September showed sales of 61.1 billion yen, 42% lower than the same period last year, and a final profit of 18.6 billion yen. It was a deficit.
It is the first time in nine years since 2011 that the financial results for this period have been in the red.
The main reasons for this were the temporary closure of stores and shortening of business hours due to the spread of the new coronavirus infection, and the sluggish business of in-flight meals and hotels.
In addition, we also announced the earnings forecast for the year to December, and indicated that the final profit and loss is expected to be the largest deficit of 28 billion yen since the company was founded.
In addition to the already announced closure of about 70 stores, which is about 10% of the total number of stores nationwide, the company intends to rebuild its management by further reducing costs, such as considering closing about 20 new stores.