TOKYO -- Japanese restaurant chains are facing headwinds from the coronavirus outbreak, while food delivery businesses scramble to hire more staff as they experience a jump in demand amid the crisis that has paralyzed the economy.
Chikaranomoto Holdings, the owner of ramen restaurant chain Ippudo, on Tuesday revised down its operational profit forecasts for the current fiscal year to 680 million yen ($6 million), from the previously announced 1.15 billion yen, due to the pandemic. The company is also reviewing its plan to expand to 600 restaurants by 2025 amid the coronavirus pandemic.
