japan foods holding

The restaurant operator cites fall in consumer discretionary spending, intense market competition and increasing operations costs

This is based on a preliminary review of the unaudited management accounts of the group

The group’s revenue falls 0.6% to S$64.9 million due to weak sales in November and December

This was mainly due to weak sales in November and December 2024, despite a higher number of operating outlets

The group says net loss comes from higher year-on-year overall operating expenses

Lower revenue, higher expenses and impairment loss are reasons cited

Delisting of RE&S also signals interest in F&B by private equity

But some operators say cut-throat competition also presents new opportunities for incumbents and new players

Its full-year loss stands at S$495,000 as enlarged operations swell expenses