Japan's cafes and bars struggle as sales plunge 40%

Chains cancel earnings guidance as sales sink amid coronavirus restrictions

20200417N closed starbucks

A Starbucks coffee shop is closed in Tokyo's Ginza district.

TAKAYUKI TANAKA and SHIHO MIYAJIMA, Nikkei staff writers

TOKYO -- Restaurant chains in Japan are taking earnings guidance off the menu after shutdowns and limited hours caused by the coronavirus pandemic have made near-future projections hard to predict, with sales in March down almost 40% at some companies.

Sponsored Content

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