CHICAGO (Jiji Press) — U.S. hamburger chain McDonald’s Corp. is considering selling part of its 50 percent stake in its Japanese unit, McDonald’s Holdings Co. (Japan) , Chief Financial Officer Kevin Ozan said Monday.
Even after the sale, the U.S. parent plans to maintain the existing license contract with the Japanese unit to let it continue the use of the McDonald’s brand and its operations there.
McDonald’s wants to sell part of its stake if it identifies “a strategic investor who can help advance Japan’s turnaround efforts,” Ozan said. The company is in an “early stage” of the process of finding a buyer, he added.
For October-December 2015, McDonald’s group net profit increased 10 percent from a year earlier to $1.21 billion, according to an earnings report released on Monday. Same-store sales climbed 5.0 percent in the world and 1.6 percent in Japan.
In the whole of 2015, however, the firm’s group net profit dropped 5 percent to $4.53 billion.
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