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Matsuya Cuts Full-Year Profit Forecast to ¥1.2 Billion on Tourism Slowdown

The Japanese restaurant chain cites weaker inbound tourism as the key factor behind its reduced earnings outlook.

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Terms & Concepts
  • Net Profit Forecast: An estimate of a company's total earnings over a specific period after all expenses and taxes have been deducted.
  • Inbound Tourism: Travel to a country by visitors from abroad, often impacting sectors like hospitality, retail, and food services.