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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.
Hamayuu: (Correction/Numerical Data Correction) Partial Corrections to Financial Results for the 1st Quarter of the Fiscal Year Ending July 2025 [Japanese GAAP] (Unconsolidated)
Tokyoken Corporation, upward revision on April 25; operating profit 19.2 billion yen, up from 14.1 billion yen.
Toko Korp <1766> announced a revision of the Financial Estimates for the fiscal year ending April 2025. Revenue was revised upward from 360.478 billion yen to 364.052 billion yen, and operating profit was revised upward from 14.17 billion yen to 19.239 billion yen. Increased revenue was achieved through strict progress management of construction projects, allowing for early commencement and shortened construction periods. In terms of profit, efforts to reduce costs in the construction business resulted in exceeding initial estimates. 【Positive Evaluation】 <2375> Gig Works
Hamayuu: Summary of financial results for the 1st quarter of the fiscal year ending July 2025 [Japanese GAAP] (unconsolidated)
Hamayuu Sees Parent FY Net Y166.00M