- McDonald's Japan expects to show and operating loss of ¥25B ($210M) this year to triple up the amount it was in the red last year.
- The company has already announced a plan to cut stores and jobs at its headquarters.
- Q1 comparable-store sales fell just over 30% for the beleaguered restaurant chain.
- A new business revitalization plan is expected by the company to lead it to profitability in 2016.
- Parent company McDonald's (MCD +0.1%) has a 50% stake in McDonald's Japan.
- McDonald's Japan press release