Japan Foods returns to profit as restaurant count falls by nearly a third

Japan Foods made S$234,000 in the six months ended Sept. 30, 2026, against a S$3.3 million loss a year earlier, even as revenue fell 18%. Its network shrank from 68 to 46 restaurants; the company closed weaker outlets and converted some to newer concepts. Halal Steak 99 reached 14 outlets and generated S$9.5 million in revenue, while selling and administrative expenses also fell.