Watami, which develops izakaya chains, etc. The financial results for the year ending March were a deficit of 11.5 billion yen due to the fact that sales fell due to the continuation of closures and shortened business hours due to the state of emergency. It was the final deficit for the second consecutive year.
According to Watami's announcement, the group's overall financial results for the year ending March were 60.8 billion yen, 33.1% lower than the previous year, and the final loss was 11.5 billion yen for the second consecutive year. It became the final deficit.
Due to the continued closure of stores and shortened business hours due to the state of emergency, the number of customers visiting stores in Japan decreased by more than 60% from the previous year, and sales fell.
In response to the deterioration of business performance, Watami received capital support of about 10 billion yen from the Development Bank of Japan and is making adjustments to strengthen its financial base. Our policy is to strengthen the conversion of business formats to non-izakaya such as yakiniku restaurants and karaage restaurants.
Chairman Miki Watanabe said at a press conference, "I think the impact of the new corona will remain strong until the end of this year. In particular, sales of izakaya may continue to be about 20% of the previous year," he said. He said that it would be difficult to recover.