TOKYO New menu items, extended operating hours and store remodelings boosted the net profits of McDonald’s Holdings Co. (Japan) Ltd. more than fivefold for 2007, to the equivalent of $73 million, or ¥7.82 billion.
Net profit for 2006 was ¥1.55 billion.
The operator or franchisor of 3,746 McDonald’s units, or about 12 percent of the chain, is 50-percent owned by brand parent McDonald’s Corp.
The Tokyo-based company reported record sales of about $3.73 billion for the year, an 11.1-percent increase, and a 10-percent jump in same-store sales.
At least 1,312 McDonald’s units in Japan are now open 24 hours. The remodelings included the addition of drive-thrus.