"JFE is also in the process of right-balancing its talent pool. With these measures, management does not currently foresee that any of the Group’s existing operating outlets will be impacted by closure in the short term. The Group is committed to cooperating fully with MOM in the Investigation. The Board will monitor the progress of the Investigations and will update shareholders as and when there is any material developments," the statement says.
Japan Foods is listed on Catalist and operates a chain of more than 50 restaurants under various franchise as well as self-developed brands. The Group’s franchise restaurant brands include “Ajisen Ramen”, “Kazokutei”, “Menya Musashi” and “Osaka Ohsho” brands.
