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Japan Foods Holding announced that its 1HFY2020 earnings have dropped by 80.2% to $0.3 million, compared to $1.5 million a year ago, as a result of the negative consequences from the Covid-19 pandemic. Revenue for the first half of the financial year ended September came in at $18.5 million, 48.7% l...

JAPANESE food and beverage (F&B) brand operator Japan Foods will intensify efforts to control costs and improve operational efficiency as it expects the operating environment of the F&B industry to remain challenging in the next 12 months.

Rising optimism in the market may buoy the consumer sector in the coming quarters, though rising unemployment and overall economic toll from Covid-19 still remain causes for concern, say RHB in an August 28 note. RHB analyst Juliana Cai is maintaining “neutral” on the consumer cyclical and non-c...

SINGAPORE (22 July): RHB Research has maintained a “neutral” call on F&B group Japan Foods (JFOOD) with a lowered target price of 33 cents, down from the previous target price of 35 cents. Analyst Shekhar Jaiswal said even though the government’s support measures will assist in cushioning ...

JAPAN Foods on Wednesday said that, based on a preliminary review of its unaudited management accounts, it expects full-year revenue in FY2020 to be comparable to a year ago, but that its net profit after tax will be lower than that in FY2019.

SINGAPORE (May 6): RHB is keeping Japan Foods on “neutral” with a new target price of 35 cents, down from 40 cents previously as it expects near-term earnings weakness caused by the circuit breaker measures. In a Wednesday report, analyst Shekhar Jaiswal says, “We expect FY21 (Mar) earnings f...

SINGAPORE (Sept 11): In the latest earnings season, the majority of local F&B firms reported huge losses. But, despite the overall lacklustre performance, market watchers remain positive on the sector. BreadTalk, Jumbo, Neo Group, Japan Foods Holding and Kimly were among those that saw their ...

SINGAPORE (Mar 8): RHB Research is staying “neutral” on Japan Foods with a lowered target price of 45 cents from 48 cents previously. In FY19, the group is expected to see profits dragged lower due to its ongoing rationalisation of stores and moderating consumer discretionary spending amid slow...

SINGAPORE (Jan 30): Restaurant chain Japan Foods Holding saw its earnings halved to $1.2 million for the 3Q19 ended December, from $2.5 million a year ago. This was mainly due to lower revenue as well as impact from its loyalty programme, JF Reward. 3Q19 revenue fell 6.3% to $17.5 million, compared...