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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.
Genki Global Dining Concepts: Interim report.
Genki Global Dining Concepts: Financial results briefing materials for the 2nd quarter of the fiscal year ending March 31, 2025
November 19 [Today's Investment Strategy]
[Fisco Selected Stocks] [Material Stocks] Daiko <3160> 619 yen (11/18) Expands food wholesale and food service supermarkets, with a strong presence in the Chukyo area. The net profit forecast for the fiscal year ending May 2025 was raised to 0.98 billion yen (28.9% increase from the previous year). This was raised by about 48% from the previous forecast. As announced on November 13th, a claim for damages has been made for the damage caused by import restrictions from various countries due to the ALPS treated water release by Tokyo Electrical Utilities HD <9501>.
Pay attention to Morinaga Confectionery and Kyukoh Yakuhin, while GENOVA and others are subdued.
In the U.S. stock market on the 18th, the Dow Jones Industrial Average closed down 55.39 points at 43,389.60, while the Nasdaq Composite Index closed 111.69 points higher at 18,791.81. The Chicago Nikkei 225 futures closed 80 yen higher at 38,340 yen compared to the Osaka daytime trading. The exchange rate was 1 dollar = 154.60-70 yen. In the Tokyo market today, Morinaga Confectionery Co., Ltd. <2201> announced a share buyback limit of 4.68% of issued shares and a limit of 4.30% for purchase commission. Kyukou Corporation announced that it has been selected for the public offering business of the Japan Agency for Medical Research and Development.
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