Japan Foods Holding Ltd. provided earnings guidance for the financial year ended 31 March 2024. For the year, the Group is expected to report a net loss for fiscal year 2024, mainly due to the following: higher selling and distribution expenses in fiscal year 2024 compared to that in fiscal year 2023 mainly attributable to increases in manpower cost, utilities expenses, rental expenses and depreciation charges; provision for impairment loss on certain under-performing outlets; and provision for impairment loss on the loan to a joint venture company, Dining Collective Pte Ltd, due to the cessation of operation of the "Siam Smith" brand restaurant in Tokyo.