Japan Foods shut a third of its S’pore outlets—and went from a S$3.3M loss to a profit
Revenue still fell 18% as the group shrank its footprint Japan Foods has returned to profit after closing nearly a third of its Singapore outlets and shifting its focus to halal dining concepts and affordable meals, The Business Times reported. The Singapore-listed group operates Japanese-cuisine brands, including Ajisen Ramen and Yakiniku Shokudo—and has been in […]
Singapore-listed Japan Foods has shifted its focus to halal dining concepts and affordable meals, returning to profit after closing nearly a third of its outlets in the city-state. The group, which operates Japanese-cuisine brands including Ajisen Ramen and Yakiniku Shokudo, reported a net profit of S$234,000 for the six months ended September 30, 2025, after suffering a loss of S$3.3 million the previous year.
However, revenue still fell 18% to S$30.2 million due to the decline in its restaurant network. Japan Foods told The Straits Times that its halal concepts are showing promising growth potential, with Steak 99, a halal Steak brand, generating S$9.5 million in revenue and expanding to 14 outlets. The company plans to continue investing in both halal and non-halal brands, while monitoring the performance of its newer "99" series of brands.
Ajisen Ramen and Tokyo Shokudo have both reduced their outlet counts, while other brands like Menya Musashi and Osaka Ohsho have been discontinued. Despite the turnaround, Japan Foods expects the food and beverage industry in Singapore to remain challenging in 2027 due to rising costs, manpower shortages, and intense competition.
Written by urgent.news from Vulcan Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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