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Japan-Update

Hiday Hidaka on track for 14th straight record profit

Ramen chain lifts earnings with cost cuts, sales of high-margin cocktails

TOKYO -- Ramen chain operator Hiday Hidaka is expected to post a 5% rise in parent-only operating profit to about 4.5 billion yen ($40.4 million) for the year ended in February, thanks to more customers stopping by for snacks and a quick drink after work.

The Japanese company is likely to come close to its guidance and to log a 14th straight year of record profit. Results for fiscal 2016 will be released Wednesday.

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