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Yoshinoya closed 150 stores worldwide with annual loss of 9 bn yen

Yoshinoya announces the closure of up to 150 stores worldwide. (Internet)

Japan's leading restaurant chain Yoshinoya officially announced yesterday (July 28) that it would close up to 150 stores worldwide from the 28th until the end of February next year due to the epidemic.

Yoshinoya, which has about 3,300 stores worldwide, is closing 5% of its stores and is halting plans to open new stores this year.

According to Japanese media reports, Yoshinoya's turnover in the first quarter of this year fell by more than 24% compared with the same period last year, losing more than 4 billion yen, or about HK$290 million.

It is estimated that by the end of February next year, the annual loss will reach 9 billion yen, or about HK$660 million.

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