The Yoshinoya lost 7.5 billion yen a year, closed hundreds of stores, and the century-old stores were swallowed up by the epidemic

author：AI Finance and Economics 2021-11-09 17:01:46

Recently, the Japanese fast food chain Yoshinoya released its 2020 financial report, and the data shows that the net loss of Yoshinoya in 2020 is as high as 7.5 billion yen. The main reason for the loss was the significant decline in turnover due to the impact of the new crown epidemic. At present, Yoshinoya has more than 1,000 overseas stores worldwide, of which Chinese stores account for more than 60%.

It is understood that Yoshinoya, founded in 1899, announced last year that it would close 150 stores around the world by February 2021 in order to reduce costs, and planned to launch a specialized takeaway service in Japan. In response, Yoshinoya responded that the reason for the closure of the store was due to the epidemic to stop the loss of some loss-making stores. It is reported that behind the Chinese Yoshinoya store, there are two operating entities, one is The Japanese Yoshinoya, and the other is the Hong Kong listed company Hop Hing Group. Hop Hing Group operates Yoshinoya in northern China with a long-term concession agreement with Japan's Yoshinoya.

The relevant person in charge of Yoshinoya's domestic franchisee Hop Hing Group said that the store closure plan does not include the Yoshinoya store operated by Hop Hing Group, and everything is currently operating normally, and stores are still open in Beijing. (Wen 丨ai Finance and Economics Agency Ma Weibing Editor 丨 Chen Fang)

The Yoshinoya lost 7.5 billion yen a year, closed hundreds of stores, and the century-old stores were swallowed up by the epidemic

The Yoshinoya lost 7.5 billion yen a year, closed hundreds of stores, and the century-old stores were swallowed up by the epidemic

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