Yoshinoya Holdings, a beef bowl chain, posted a net loss of 7.5 billion yen for the year ending February, due to the continued short-term business due to the spread of the new coronavirus infection.
Yoshinoya Holdings announced on 13th that the group's financial results for the year to February were
▽ sales of 170.3 billion yen, 21.2% lower than the same period last year
▽ final profit / loss of 7.5 billion yen. It was.
Due to the state of emergency due to the spread of the new coronavirus infection, the business hours of eating and drinking in the store continued to be shortened, and the number of customers decreased, resulting in a drop in sales.
The company is reorganizing its business, such as closing stores whose profitability has deteriorated and selling its affiliated sushi chains.The forecast for business results by February next year is that sales will decrease, but the final profit and loss will be 2 billion yen. We expect to be in the black.
President Yasutaka Kawamura said, "The infection situation is difficult to read, but we are looking at business results on the premise that the market will not recover completely. We would like to focus on takeout where demand is increasing." He showed the idea of rushing to rebuild while strengthening.