The Nagasaki-based noodle restaurant chain, Ringer Hut, raised ¥7.3 billion to restructure their business to meet the demands amidst the new coronavirus impact. Aside from shoring up its balance sheet, it would make additional investments of some ¥1 billion in the production of frozen meals and ¥1.3 billion in shop renovations. The company reported a deficit of ¥8.7 billion for the consolidated accounts of the 2021 February term. Source: Nikkei
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