Corporate digest

Japan Foods

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.

Despite some improvement since Singapore moved into Phase Two of its gradual reopening on June 19, revenue has yet to recover to pre-Covid levels, the company said in a business update filed with the Singapore Exchange on Friday. However, the group said it believes its operational track record and healthy balance sheet will tide it through this period.