McDonald's Holdings Japan, a major hamburger chain, posted a year-on-year settlement of accounts last year, where sales increased from the previous year due to a series of product price hikes, while profits from the main business decreased due to soaring raw material prices.
According to the announcement, McDonald's Holdings Japan's financial results for the last year were 352.3 billion yen, an increase of 10.9% from the previous year, and the seventh consecutive year of sales growth, exceeding the level before the spread of the new corona infection.
The increase in sales was due to the increase in the number of customers, such as the take-out demand taking root, and the price increase of main products such as hamburgers twice in March and September last year.
On the other hand, operating profit, which indicates profit from the main business, was 33.8 billion yen, down 2.1% from the previous year due to rising raw material prices and sharp yen depreciation.
In addition, regarding the performance forecast for this year, we expect sales to increase by 6.2% and operating income to increase by 3.5% compared to the previous year, considering the further price increase in January.
Regarding future pricing, President Tamotsu Hiiro said at a press conference that nothing has been decided at this point, and said, "Whether or not we will raise prices further will depend on changes in exchange rates, raw material prices, energy prices, etc. I will look at it and make a decision," he said.