Japan Foods Holding Ltd
14 July 2020 PPT on FY result Japan Foods
https://links.sgx.com/FileOpen/2020.07.1...eID=623565 Wear your mask and keep social distance, valuebuddies. 
eAGM Wednesday, 9 September 2020 @10am
https://links.sgx.com/FileOpen/2020.08.2...eID=629014 Stay home and stay healthy, everyone.
FAQ for today AGM to be held at 10am
1. Does cloud kitchen pose a threat to your business, especially during the Covid-19 pandemic period? Cloud kitchens are not a direct competitor to the Group as these are commercial food production facilities that rent out their space to selected food and beverage businesses that generally offer delivery-optimised items. The main focus of the Group is to operate restaurants to provide dine-in experiences for customers. While the Group does offer takeaways and deliveries directly from its restaurants, its main revenue still comes from dine-in customers. 2. Will the Company be interested in acquiring popular brands with good locations but having poor business due to Covid-19 pandemic such as famous bak kut teh shops/outlets? The Group is always looking to expand its business through organic growth and/or mergers and acquisitions. The Group is open to acquisition opportunities and/or collaborating with brands and partners that will enable the Group to achieve its corporate goals, are complementary to its existing businesses and share synergies with its current operations. Stay home and stay healthy, everyone.
ppt of AGM for valuebuddies who prefers to read colorful slides instead of just words
https://links.sgx.com/FileOpen/2020.09.1...eID=631515 Meeting minutes https://links.sgx.com/FileOpen/2020.09.1...eID=631514 Stay home and stay safe, everyone.
Japan Food - 1H2020 as at 30 Sep 2020
Rev $18m (vs 36m) GP $15m (vs 30m) NP $0.3m (vs 1.5m) Div 0.75cts (vs 1cts) The operating environment for the food and beverage industry in Singapore has been challenging due to intense competition, difficult manpower environment, rising business costs and uncertain economic outlook. The continuing safe distancing measures to contain the Covid-19 pandemic since January 2020 presented additional challenges. The Group’s revenue has improved after Singapore moved into Phase 2 of the Circuit Breaker on 19 June 2020 but has yet to recover fully to the pre-Covid-19 level. This was due to lower footfall in shopping malls, especially for those restaurants located in Central Business District areas, the implementation of social distancing measures, travel restrictions, work-from-home arrangements and the onset of an economic downturn. The operating environment of the food and beverage industry in Singapore is expected to remain challenging in the next 12 months. Against this backdrop, the Group will intensify its efforts to control costs, negotiate with landlords on lease terms owing to reduced seating capacity and mall traffic and improve operational efficiency. The Group has also adopted a cautious and prudent approach in managing capital expenditure in Singapore while looking for ways to reinvigorate its restaurant portfolio management. The Group believes its operational track record and healthy balance sheet will enable it to ride through this challenging period. https://links.sgx.com/FileOpen/2020.11.0...eID=637829 Stay home and stay safe, everyone.
27-05-2021, 08:55 AM
Japan Food@39
FY result as at 31 Mar 2021 Rev $51m (vs 68m) GP $43m (vs 57m) NP $3m (vs 1m) Div 1.75cents (vs 0.25) https://links.sgx.com/FileOpen/2021.05.2...eID=667608 The government has implemented tighter restrictions as Singapore entered Phase 2 (Heightened Alert) from 16 May 2021 to 13 June 2021. During the period of Phase 2 (Heightened Alert), only takeaways and deliveries are allowed for all restaurants. Subject to further development and directives from the Singapore government, the Group’s restaurants are open for takeaways and deliveries and we will monitor developments closely and may adjust the number of restaurants in operation from time to time. The restrictions on dining-in arising from Phase 2 (Heightened Alert) are expected to impact the Group's operational performance. The government has also announced additional support for the F&B sector under its Jobs Support Scheme and these support measures will mitigate any negative impact brought about by Phase 2 (Heightened Alert) on the Group's financial performance. With continuing uncertainties surrounding the pandemic, the operating environment of the F&B sector is expected to be more challenging in the next 12 months. The Company and Minor Food Group (Singapore) Pte Ltd. (“MS”) had established a joint venture to conduct the business of franchising and operating existing restaurant brands owned by the Company and MS in Japan, Thailand and China. As Covid-19 confirmed cases are still very prevalent in Japan, the stores in Tokyo have not commenced operations. The Group will monitor the situation and will take appropriate action in due course. The Group currently expects the joint venture to continue its efforts in developing markets in Japan, Thailand and China, albeit at a more cautious and slower pace due to the Covid-19 pandemic. The Group has since opened 3 Halal concept outlets under the “Tokyo Shokudo” Brands. It has also opened 2 “Pizzakaya” brand restaurants in collaboration with MS in December 2020 and April 2021. As at 31 March 2021 and as at the date hereof, the Group’s associated companies operates 7 restaurants in Hong Kong, 9 restaurants in China and 1 restaurant in Indonesia under the “Menya Musashi” brand. The Group’s associated company also operates 2 restaurants under the “Konjiki Hototogisu” brand in Hong Kong. Stay home and stay safe, everyone.
The strength of the SGD is ironically a head wind for SG's local retail restaurant spending. Seasonally, year end generally means overseas holidays and monies been prioritized to get higher valued gifts (eg. jewellery/watches etc).
PROFIT WARNING FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025 the Group is expected to report a substantial net loss for FY2025, mainly due to the following: （i） weak sales amid market saturation and challenging macroeconomic conditions; （ii） higher selling and distribution expenses due to higher manpower cost, utilities expenses, rental and depreciation charges; and （iii） impairment loss relating to non-performing outlets and write-off of fixed assets relating to closure of certain outlets. https://links.sgx.com/FileOpen/FY2025%20...eID=844342 |
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