Japan Foods Holding

Japan Foods posts 80.2% drop in 1H earnings to $0.3 mil; plans to invigorate portfolio

Hold on to this simmering stock

SINGAPORE (Jan 31): For the past 23 years, Japan Foods Holding has been bringing flavours of Japan to Singapore. It all started when founder, executive chairman and chief operating officer Takahashi Kenichi was posted here as an engineer for Pioneer Asia

SINGAPORE (Aug 19): In this latest earnings season, most of the local F&B stocks suffered huge losses. While revenue for most have increased, operating costs rose by a bigger quantum, causing a drag in earnings.

SINGAPORE (Jan 30): Restaurant chain Japan Foods Holding saw its earnings halved to $1.2 million for the 3Q19 ended December, from $2.5 million a year ago.

SINGAPORE (Dec 10): RHB Research is maintaining “neutral” on Japan Foods with a target price of 48 cents, post the announcement of the group’s 50:50 joint venture (JV) with Minor Singapore.

SINGAPORE (July 22): Japan Foods Holding its Ajisen and Menya Musashi brands of ramen are unlikely to cannibalise each other in sales but instead contribute to the broadening of Singapore’s ramen offerings.

SINGAPORE (May 10): Japan Foods Holdings announced 4Q18 earnings increased by 67.8% to $0.94 million compared to $0.56 million in 4Q17.

SINGAPORE (Feb 14): Japan Foods Holding has entered into an agreement with Indonesia’s PT Arena Gourmet to subscribe a minority joint venture (JV) stake in Indonesia-incorporated PT Menya Musashi Indonesia (MMI).