McDonald’s Holdings Co. – Ltd. said Wednesday that sales at all McDonald’s outlets in Japan — both directly controlled and franchise shops — in the January-June period increased 2.9 percent from a year earlier to an all-time high of ¥268.30 billion .
McDonald’s Holdings, the Japanese subsidiary of the U.S. hamburger chain, attributed the favorable result in the first half of the current business year to the popularity of its new menu, including the Big America series of burgers.
Operating profit jumped 51.8 percent to ¥14.63 billion.
But net profit dropped for the second straight year to ¥2.07 billion, down 58.7 percent, due to an extraordinary loss of ¥10.38 billion in connection with the closure of outlets to streamline operations.
McDonald’s Japan closed 211 restaurants in the six-month period as part of its plan to shut down 433 unprofitable outlets in the current business year. The company was operating a network of 3,484 outlets as of the end of June.
Under McDonald’s consolidated bookkeeping system, it adds up royalties from franchise shops — rather than the entirety of sales — and sales at directly controlled shops for the group’s consolidated sales.
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