Date: February 21, 2019
Outlook & Risks
- The operating environment in the local food and beverage industry is expected to remain challenging in the next 12 months due to intense competition, tight labour supply, rising business costs and uncertain economic outlook.
- The Group will continue to focus its efforts in:
- controlling raw material costs
- improving operational efficiency via streamlining of work processes and technology
- practising good restaurant portfolio management by taking into account market demand and each individual restaurant’s profitability.
- The Group will continue to explore opportunities to acquire new brands and expand its portfolio of restaurants:
- It recently secured the franchise rights of “Konjiki Hototogisu”, an award-winning ramen brand featured in Michelin Guide Tokyo’s Bib Gourmand for four consecutive years from 2015 to 2018. The first restaurant under this brand opened in CHIJMES in June 2018
- It also secured the franchise rights of “Kagurazaka Saryo”, an established Japanese tea house and dessert shop from Tokyo, Japan. The first restaurant under this brand opened at Vivo City in July 2018
- The response from customers for these two new brands has been encouraging
- Subject to general economic conditions, availability of suitable locations and other business considerations, the Group intends to open more restaurants under the “Konjiki Hototogisu” and “Kagurazaka Saryo” brands in future.
- The Group intends to continue its efforts to seek opportunities to expand its presence in the ASEAN region and Japan by way of joint ventures, acquisitions and/or sub-franchising of its brands.
- The Group will also explore opportunities in non-Japanese food and beverage.
Japan Foods Holding Ltd
Established in Singapore in 1997 and listed on the Catalist Board in February 2009, Japan Foods is one of Singapore’s leading Japanese restaurant chains. As at 30 September 2018, the Group operates 53 restaurants in Singapore under various brands, such as “Ajisen Ramen”, “Osaka Ohsho” and “Menya Musashi”. Over the years, Japan Foods has successfully expanded its restaurant network under the “Ajisen Ramen” brand, and has also created its own “Dutch Baby Cafe”, “Fruit Paradise”, “Ginza Kushi Katsu” and “Japanese Gourmet Town” brands. The Group has expanded beyond Singapore – it has 1 restaurant in Malaysia and 2 in Vietnam operated by sub-franchisees under the “Ajisen Ramen” brand. It also has interests in 1 restaurant in Indonesia, 7 in Hong Kong, and 10 in China operated by associated companies under the “Menya Musashi” brand.
The company website is: www.jfh.com.sg.
Click here for the company’s StockFacts page.
For the six months ended 30 September 2018 financial results, click here.
First published on SGX website on 25 Jan 2019
About kopi-C: the Company brew
Text: Jennifer LH Tan
Photo: Company file
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