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Yoshinoya Holdings Co., Ltd. ( (JP:9861) ) just unveiled an update.
Yoshinoya Holdings Co., Ltd. announced an extraordinary loss in its non-consolidated financial statements due to a loss on valuation of investments in subsidiaries and associates, amounting to JPY 2,958 million. This loss stems from strategic restructuring in response to post-COVID-19 market changes in China, but it does not affect the consolidated financial results, and the company remains committed to growth in the Chinese market.
More about Yoshinoya Holdings Co., Ltd.
Yoshinoya Holdings Co., Ltd. operates in the food service industry, primarily known for its beef bowl dishes. The company has a significant presence in China, utilizing a mix of directly managed operations, joint ventures, and franchise models to expand its market reach.
YTD Price Performance: -3.34%
Average Trading Volume: 529,169
Technical Sentiment Signal: Hold
Current Market Cap: Yen193.7B
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