The company attributes the stronger Singdollar as a reason too, as tourists are finding this a more expensive place to spend.
Japan Foods Holding, citing lower revenue and higher costs, has reported a loss of $7.9 million for its FY2025, significantly worse versus FY2024's red ink of $0.5 million.
Revenue for the 12 months ended March was down 3.2% y-o-y to $83.6 million, due partly to a drop in consumary discretionaly spending and intense market competition from new brands.
