McDonald’s Japan Falls on Store Closures, Outlook: Tokyo Mover
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McDonald’s Holdings Co. Japan Ltd. dropped the most in four months in Tokyo trading after announcing store closures and cutting its full-year profit forecast by more than half.
McDonald’s Japan fell as much as 2.4 percent to 2,705 yen, headed for the biggest loss since Aug. 14. The stock dropped 1.7 percent as of 10:18 a.m., trimming this year’s gain to 19 percent, compared with a 47 percent advance for the Topix index.