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Key points of interest for the PTS on the 9th = Fast Retailing, Tose, Can Do, ETC.
▽ Fast Retailing <9983.T>, the consolidated performance for the first quarter of the fiscal year ending August 2025 (September-November 2024) saw increased revenue and profit. ▽ Tosei <4728.T>, the consolidated performance for the first quarter of the fiscal year ending August 2025 (September-November 2024) recorded a significant increase in revenue and turned profitable. ▽ Can Do <2698.T>, the cumulative consolidated performance for the third quarter of the fiscal year ending February 2025 (March-November 2024) showed a 77% increase in operating profit. ▽ Ichigo <2337.T>, the cumulative consolidated performance for the third quarter of the fiscal year ending February 2025 (March-November 2024) reported a 30% increase in operating profit. ▽ Io
Daiwa: Summary of Financial Results for the 3rd Quarter Ending February 2025 [Japanese GAAP] (Consolidated)
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.
Daiwa: Interim report - 109th period (2024/03/01 - 2025/02/28)