McDonald's Japan Forecasts First Full-Year Profit in 3 Years
- President Casanova plans to accelerate company recovery
- Company to complete store closures in first half of 2016
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McDonald’s Corp.’s Japan business forecast that it will return to full-year profitability for the first time in three years, as the company deploys new measures in an attempt to win back customers after being hit by a series of food crises.
Net income will probably be 1 billion yen ($8.7 million) for the year ending December 2016, the fast-food chain said in a statement Tuesday. The company has said in April it would shut stores and cut jobs to cope with the scandals including foreign objects found in its food.