Recently, Japanese fast food chain brand Yoshinoya released its 2020 financial report. According to the data, the net loss of Yoshinoya's performance in 2020 was as high as 7.5 billion yen. The main reason for the loss was that due to the COVID-19 epidemic, the turnover dropped sharply.

As early as last July, Yoshinoya Holdings mentioned that from March to May, 2020, the company's accumulated losses have reached 4 billion yen (about 2.67 yuan), and it is expected to lose at least 9 billion yen (about 600 million yuan) in fiscal year 2020, and its surplus will reach 700 million yen (about 46.63 million yuan) in fiscal year 20 19.

Extended data

Stop loss at closing shop

It is understood that Yoshinoya, founded in 1899, announced last year that it would close 50 stores around the world1year before February 20021year, and planned to launch a franchise take-away service in Japan. In this regard, Yoshinoya responded that the reason for closing the store was that the epidemic stopped some loss-making shops. It is reported that there are two operators behind China Yoshinoya store, one is Japanese Yoshinoya, and the other is Hexing Group, a Hong Kong listed company. Hexing Group operates Yoshinoya in northern China by virtue of a long-term franchise agreement signed with Japanese Yoshinoya.

The relevant person in charge of Hexing Group, a domestic franchisee of Yoshinoya, said that the store closing plan does not include Yoshinoya stores operated by Hexing Group. At present, all operations are normal and stores are still being opened in Beijing.