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As soon as the news of Japan easing tourist visas for people from China was released, local retail travel stocks surged immediately.
① The Japanese Foreign Minister, Toshimitsu Motegi, announced the relaxation of visa requirements for Chinese tourists to Japan, expected to be implemented in spring 2025. ② After the announcement, retail and tourism-related stocks in Japan rose, with J. Front Retailing Co. soaring by 8.38%, while Isetan Mitsukoshi Holdings and Takashimaya increased by 6.98% and 3.69%, respectively.
China and Japan will introduce policies to facilitate tourism, and Japanese retail and tourism stocks have responded with an increase.
Retail and tourism-related stocks in Japan rose after the Chinese government and the Japanese government agreed to introduce more facilitation measures to promote mutual visits of tourists between the two countries.
Driven by the weak yen, the consumer spending of tourists visiting Japan in the first 9 months has reached a new high.
①Driven by the weakness of the Japanese yen, Japan's tourism industry is extremely hot in 2024; ②Data shows that as of September, international tourists spent 5.86 trillion yen in Japan (equivalent to 39.27 billion US dollars); ③This exceeded the consumption record of 5.3 trillion yen set for the full year of 2023.
October 9th [Today's Investment Strategy]
[Fisco Selected Stocks] [Material Stock] Nakamoto Pax <7811> 1602 yen (10/8) Engaged in printing processing (gravure printing), lamination processing, coating processing, and molding processing. The first half financial results were announced. The operating profit was 1.56 billion yen (an increase of 53.0% compared to the same period last year), exceeding the previous estimate of 1 billion yen. Orders for smart phone applications and semiconductors have increased, and sales of in-house high-profit margin commodities in the lifestyle materials category have been strong. The operating profit for the fiscal year ending February 2025
ENEOS and AEON Mall are attracting attention, while Warabe Nichiyo and Sankyo Tateyama seem to be lackluster.
In the U.S. stock market on the 8th yesterday, the NY Dow Jones Industrial Average rose 126.13 points to 42,080.37, the Nasdaq Composite Index rose 259.02 points to 18,182.92, and the Chicago Nikkei 225 futures rose 415 yen higher to 39,375 yen compared to Osaka daytime trading. The exchange rate is 1 dollar = 148.10-20 yen. In today's Tokyo market, Aeon FS <8570> increased by 33.8% in operating profit for the first half, Aeon Mall <8905> also increased by 9.9%, and the operating profit for the first half increased by 4.8% compared to the first quarter's 5.2.
J Front's operating profit in the second quarter increased by 100.0% to 39.3 billion yen.
J Front <3086> announced that the financial results for the second quarter of the fiscal year ending February 2025 showed a 9.3% increase in net sales revenue to 209.3 billion 68 million yen compared to the same period last year, with operating profit doubling to 39.3 billion 64 million yen. Domestic sales remained robust, and the strong performance of inbound sales contributed to the increase in net sales revenue compared to the same period last year. Operating profit increased from the previous year, and interim profit attributable to the parent company's owner also increased from the previous year, achieving record profits at each profit stage.
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