• Kyodo


McDonald’s Holdings Co. (Japan) said Thursday it more than halved its group net profit projection for 2013 as its sales and customer traffic proved far below its initial estimates.

It now expects ¥5 billion in net profit against an initial estimate of ¥11.7 billion, and also revised its operating profit projection to ¥11.5 billion from the initial ¥20 billion.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.