Japan`s Zensho to serve up 60% op profit jump for April-Dec term
Wed, February 10 2010 16:46 | 192 Views
Tokyo (ANTARA News/Asia Pulse) - Japan's Zensho Co.'s
(TSE:7550) group operating profit likely surged 60 per cent on the year to
around 9 billion yen (US$100.08 million) for the nine months
ended December 31, lifted by an improved cost-of-sales ratio due to lower
ingredient prices.
Sales rose an estimated 6 per cent to 245 billion yen, pushed up in part by the Hanayayohei Japanese restaurants it acquired last
fiscal year. And the company stepped up store openings for its mainstay
Sukiya beef bowl chain.
Same-store sales fell, apparently because wage cuts
kept many prospective customers at home. But Zensho's tactic of luring
them back by slashing the price of its regular-size beef bowl to 280 yen in
December paid off, and customers are starting to return.
Source:
Business in Asia Today - Feb.10, 2010
published by Asia PulseEditor: Ricka
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