Things have been pretty rough.
McDonald’s Japan has had a rough couple of years, but things are looking up.
The Japanese unit of the fast food giant forecast a full-year profit for 2016. That would be its first one in three years, according to Bloomberg.
Get CEO Daily, Fortune’s daily business newsletter.
The positive forecast accompanies McDonald’s Japan’s worst annual financial results yet. The unit reported a net loss of 34.7 billion yen, or more than $300 million, for 2015. The year prior, it reported a loss of 21.8 billion yen, or about $190 million.
To cope with its troubles, McDonald’s Japan has closed 153 restaurants and opened only 16 last year. It is also remodeling 2,956 restaurants.
For more on McDonald’s, watch:
”We’ve seen a considerable reversal of momentum in the later half of 2015 and the momentum continues to grow,” said regional CEO Sarah Casanova at a press conference, according to Bloomberg. ”There’s a possibility to grow profitability more. It’s difficult to put a timeline on it.”
Casanova said that commenting on whether the U.S. parent company would sell its stake in the Japanese unit would be “premature,” noted the Japan Times.