Japan’s major sushi chains raised its prices this fall and costs have outstripped the amount of the rise, leaving chains to eat the difference.
Akindo Sushiro Co., Ltd., a subsidiary of Kumamoto City-based Food & Life Companies, implemented its price hike on 1 October. Its competitor, Kura Sushi, based in Sakai City, Osaka Prefecture, followed suit. While these price increases were in the range of 5 to 10 percent, material costs have gone up much faster. The government’s consumer price index reports showed that fish and seafood rose the most among retail food costs, up 13.9 percent year-on-year in October …
Photo courtesy of Kura Sushi USA/LinkedIn
