More than 200 Domino’s locations around the world will close in the coming months as an international franchisee looks to cut costs and increase profits, according to Forbes Australia. Domino’s Pizza Enterprises announced the planned closures last week, saying the move will generate an estimated A$15.5 million ($9.4M U.S.) in savings annually.

The largest Domino’s Pizza franchisee in the world is closing about 205 restaurants. Domino’s Pizza Enterprises announced it is shuttering 172 stores in Japan this spring because they are unprofitable, according to QSR, a restaurant industry publication.

Domino’s Pizza Enterprises—controlled by fast food billionaire Jack Cowin—will shut 205 money-losing stores to cut costs and boost earnings.

Domino's Pizza Enterprises (DPE) is set to close 205 underperforming stores globally as part of a strategic overhaul to enhance profitability. The Wall Street Journal reports that the move follows the company's Covid-19 pandemic-era expansion,