Kurazushi, a major conveyor belt sushi chain headquartered in Osaka, reported an operating loss of 1.1 billion yen, which indicates profit from its core business, due to rising raw material prices and utility costs for the year through October of this year. .
The financial results for the year from November last year to October this year, announced by Kura Sushi,
Sales rose 23% from a year earlier to 183 billion yen, a record.
The operating loss, which measures the profit of our core business, was in the red by 1.1 billion yen. This is due to the increase in the purchase price of marine products such as tuna and salmon, as well as rising utility costs.
However, due to subsidies from local governments due to the spread of the new crown infection, the final profit and loss was 700 million yen in profit.
Hiroyuki Okamoto, General Manager of Public Relations and Marketing Division of Kura Sushi, said, “The trading environment is becoming increasingly difficult due to rising prices and a weaker yen. I would like to strengthen the product strategy of the price of 165 yen per dish entered
A major conveyor belt sushi chain, “FOOD & LIFE COMPANIES”, which operates “Sushiro”, also suffered a decline in profits for the year ending September 2019. It is in the form of
