Vending Machine(自動販売機jidōhanbaiki) are those machine from which you can buy small things like beverages,Cigarettes,sweets and many more by inserting the money into it. The first Vending Machine was built in Early 1880`s in England by Hero of Alexandria.
According to JapanTimes the first vending machine in japan was made by Koshichi Tawaraya in 1888.There are around 5 millions vending machines in Japan nationwide, It is the highest number of vending machines per capita in the world.It can be found all over the cities,Towns and even in the countryside in Japan.
Historically, Japan has been a cash-based culture, so most traditional vending machines are coin-operated. However, By developing new technology that allows new features like newer versions found in large cities are equipped with touch-screen technology and accept most forms of payment, like credit cards or IC Cards .
Are Vending Machine are profitable in japan?
Yes, they are Profitable in japan. The national Average sales for a vending Machine is about 400,000 yen a month. Sales can be much more higher in the prime location like train stations,Parks etc. There are around 5 Millions Vending Machine in Japan. According to business insider the annual sale of Vending machine in Japan is around $60 billion.
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