Japanese c-store operator Lawson has lowered its profit outlook for its current fiscal year from JPY13.2bn (US$146m), down from JPY25.5bn.

In a regulatory filing, the Japanese retailer said that it was forced to lower its guidance for the year, ended February, due to the unauthorised use of funds at its entertainment ticket sales business.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

It emerged last month that executives at its Lawson Entermedia unit had made payments for billions of yen without approval from the company’s board.

The company estimated the scandal will cost the company JPY14.4bn.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now