Ringer Hut, a restaurant chain, said that the final profit and loss for the year ending February 2020 will turn from the initial profit forecast to a loss due to the increase in costs due to the soaring raw material prices due to the yen's depreciation. gave the outlook.
According to the announcement, Ringer Hut has forecast that the final profit and loss will be a deficit of 450 million yen from the initial forecast of 240 million yen in the financial results for the year ending February next year. .
Regarding the reason for the downward revision of the performance outlook, the company said that the price of raw materials such as pork and shrimp imported from overseas and energy increased more than expected due to the progress of the yen's depreciation, and the cost expanded.
In response to this situation, the company will raise prices for the second time this year for some menus, including main products, at stores nationwide from the 10th of next month.
At a press conference, President Moronobu Sasano said, "Costs have risen by more than 200 million yen a year just for the three items of pork, shrimp, and oil. Exchange rates are not something we can do with our speculation, so if the yen weakens, the cost will naturally increase. We have no choice but to go down," he said.