The company will be booking an impairment loss because of non-performing outlets and write-off of fixed assets following the closure of certain outlets.
Japan Foods Holding expects to report a loss for its FY2025 ended March 31, no thanks to weaker sales amid a saturated F&B market amid "challenging" macroeconomic conditions.
In addition, the company has incurred higher selling and distribution expenses due to higher manpower costs, utilities expenses, rental and depreciation charges.
