TOKYO — Saizeria, the Japanese restaurant chain known for rock-bottom Italian food, reported its first record high annual net profit in 14 years thanks to China, where its strategy to keep prices low has attracted increasingly frugal customers. .
Net profit for the year ended Aug. 31 rose 58% to 8.1 billion yen ($54.2 million). Operating profit nearly doubled to 14.8 billion yen, with Asia outside Japan accounting for about 80% of total revenue.