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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.
Tokyu Land Corporation revised its estimated net profit upward to 62 billion yen from 48.5 billion yen.
Tokyo Building <8804> announced a revision of its financial estimates for the fiscal year ending December 2024. The net profit was raised from 48.5 billion yen to 62 billion yen. Regarding the sale of a portion of the stocks held by the company as part of the offering conducted by Hulic <3003>, the amount of gains from the sale of investment securities (extraordinary profit) has been confirmed. Furthermore, due to the upward revision, the year-end dividends have been adjusted from the previous estimate, increasing by 10 yen to 53 yen per share. As a result, the dividend payout ratio is expected to be 30.3%.【Positive Evaluation】<8
Sekichu: Summary of Financial Results for the 3rd Quarter Ending February 2025 [Japanese GAAP] (Unconsolidated)
Sekichu 9-Mos Parent Net Y456.00M Vs Net Y500.00M
Sekichu Sees Parent FY Net Y350.00M