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Ban on the Import of U.S. Beef Expand Deficits at Beef-bowl Restaurant Franchises

11, 01. 2004

Beef-bowl restaurant major Yoshinoya D&C Co., Ltd. announced on October 1 that its consolidated deficit for the year ending February 2005 is forecast to enlarge to 2.5 billion yen. New menus such as pork bowls were introduced to replace the beef bowl, but they failed to attract customers to past levels. Other major beef-bowl chains and Korean barbecue franchises are also suffering deficits or a loss in profit.

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