ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan pub operator Watami lands $90m in first test of state aid

Development Bank of Japan program aims to help restaurants adapt to pandemic

Watami, one of Japan's biggest pub chain operators, is expected to report a net loss of 11.6 billion yen for the year ended March. 

TOKYO -- Watami, one of Japan's biggest restaurant operators, is set to receive about 10 billion yen ($92.5 million) in financing from the Development Bank of Japan as the company seeks to change its business model and adapt to the new normal, Nikkei has learned.

The state-backed DBJ launched a program last month to support larger companies having at least 1 billion yen in capital in the coronavirus-ravaged restaurant and hotel industries. Watami is the first known borrower of the new scheme.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more