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mcdonald's holdings co japan (2702) Details

McDonald’s Holdings Company (Japan), Ltd., through its subsidiaries, operates a chain of hamburger restaurants in Japan. The company was founded in 1971 and is headquartered in Tokyo, Japan.

2,679 Employees
Last Reported Date: 03/26/15
Founded in 1971

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mcdonald's holdings co japan (2702) Key Developments

McDonald's Holdings Co. (Japan) Announces Earnings Results for the Quarter Ended March 2015; Provides Sales Guidance for the Quarter Ending September 2015

McDonald's Holdings Co. (Japan) announced earnings results for the quarter ended March 2015. The company reported that it logged a group net loss of JPY 14,594 million in January-March, the first such loss for the three-month period since its stock listing in 2001. The loss chiefly reflected lingering safety concerns after such foreign objects as pieces of plastic were found in McDonald's Japan products including chicken nuggets. Sales plunged 34.4% from a year before to JPY 40,874 million, marking the steepest drop since the stock listing. On a same-store basis, sales dived 32.3%, also the biggest since the listing. The company also said that its same-store sales in April fell 21.5%, against the 29.3% decline of the previous month. It suffered an operating loss of JPY 9,962 million in January-March, against the year-before profit of JPY 2,402 million. The company aims to increase sales in July-September by boosting efforts to regain customer trust and closing unprofitable outlets.

McDonald's Holdings Co. (Japan) to Close 190 Outlets by the End of 2015

McDonald's Holdings Co. (Japan) announced that it will close 190 outlets, including 131 loss-making ones, by the end of 2015 as part of its restructuring effort. It will also renovate some 500 stores in 2015 and a total of about 2,000 outlets over the next four years. It plans to seek early retirements of some 100 employees, its first such step since 2003.

McDonald's Holdings Co. (Japan) Provides Consolidated Earnings Guidance for the Year Ending December 2015

McDonald's Holdings Co. (Japan) provided consolidated earnings guidance for the year ending December 2015. The company is bracing for a larger group net loss in 2015 as the company has been struggling to win back customers amid lingering food safety concerns. The company projects a group net loss of ¥38 billion for the current business year to December, against the previous year's loss of ¥21,843 million. Consolidated sales in 2015 are predicted to fall 10.0% to ¥200 billion. Group operating loss is seen expanding to ¥25 billion from ¥6,714 million.

 

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