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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.
Kō Food Service: Store expansion leveraging the standing dining x small box format.
Hikari Food Service <138A> operates not only the yakiton restaurant "Daikoku" and the standing bar "Uotsubaki", but also the Yokohama-style ramen restaurant Kanayama-ya, and the yakiniku restaurant Marui Meats. The beginning was when they opened the standing bar yakiton Daikoku (Sumiyoshi store) in Nagoya City in 2008, and currently, they mainly operate standing bars that do not limit the number of seats by utilizing a small 10-tsubo space cleverly as their base in Nagoya. As of the third quarter of the fiscal year ending in November 2024, the number of stores is 60, with (1) Daikoku having 45 stores (24 directly operated stores/branch stores.
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.
The Topix Growth Stock Market 250 index rebounded after 3 days, with a focus on large cap stocks and thin trading continuing.
TOPIX Growth Market Index 817.96 +3.09 / Volume 0.1 billion 39.77 million shares / Trading value 97.2 billion yen TOPIX Growth Market 250 Index 640.69 +2.50 / Volume 0.1 billion 6.51 million shares / Trading value 83.9 billion yen Today's growth market, both TOPIX Growth Market Index and TOPIX Growth Market 250 Index rebounded after 3 days. The number of advancing stocks is 295, declining stocks is 260, unchanged is 33. The U.S. stock market on the 14th continued to rise. The Dow Jones Industrial Average rose 201.36 points.
Ryohin Keikaku, operating profit up by 69.4% to 56.1 billion yen on August 24, financial estimates for August 25 showing a 2.0% decrease to 55 billion yen.
Ryohin Keikaku <7453> announced its financial results for the August 2024 period, with operating revenue increasing by 13.8% year-on-year to 661.677 million yen, and operating profit increasing by 69.4% to 56.135 million yen. Both operating revenue and each stage profit reached record highs. The improvement in operating gross profit margin was due to the effects of domestic price adjustments and the suppression of price reductions. For the August 2025 period, operating revenue increased by 10.9% year-on-year to 734 billion yen, while operating profit decreased by 2% to 55 billion yen.
Shikigaku, the Institute of Immunobiology, and others [Emerging Markets Press Release]
<138A> Hikari Food Service downward revision, this term's operating profit outlook 20.2 billion yen ← 31.2 billion yen <2981> Lendix subsidiary established and new business initiated <4570> Immunobiology Research Institute acquires patent for 'Anti-HIV antibody and method of manufacturing' <4881> Roche initiates joint research with Fanpep on vaccine adjuvant for antibody-directed peptide <5591> Avilen engages in entrusted development of AI-related systems such as LangCo