• Kyodo News

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McDonald’s Holdings Co. (Japan) said Wednesday its consolidated sales in the year that ended last December rose 2.9 percent over the previous year to an all-time high of ¥406.37 billion as the company policy of focusing on its hamburger business paid off.

Net profit surged 58.5 percent to ¥12.39 billion due to the settlement of a lawsuit with Toys “R” Us-Japan Ltd. and capital gains from the sale of the shareholdings in the toy company. Pretax profit jumped 16.8 percent to ¥18.24 billion.

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