Starbucks Coffee Japan has significantly cut its full-year net forecast to a net loss of ¥500m (US$4.1m) from a previous forecast of a ¥950m net profit.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company, which is the Japanese unit of US coffee giant Starbucks, attributed the fall in profits to a cooling off of sales at its stores, but denied that the new forecast would have a major effect on its plans for expansion. The company plans to increase its 416 stores in Japan to 500 by September 2003.


Excluding new stores, sales at Starbucks’ Japanese stores have been falling for 15 months and the chain said it is particularly concerned about an 18% year-on-year fall in sales in October.


For 2001/02 the company reported a ¥735m net profit, reported Reuters.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now