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Polaris HD---The hotel business for the third quarter continues to perform well with double-digit revenue and profit growth.
On the 13th, Polaris Holdings <3010> announced its consolidated financial results for the third quarter of the fiscal year ending March 2025 (April-December 2024). Revenue decreased by 7.5% year-on-year to 16.868 billion yen, operating profit fell by 39.1% to 1.838 billion yen, recurring profit was down 48.3% to 1.231 billion yen, and net profit attributable to shareholders of the parent company decreased by 57.3% to 1.212 billion yen. In the hotel business, revenue increased by 58.5% year-on-year to 16.206 billion yen, and operating profit decreased by the same 38.
Polaris Holdings Reports Earnings and Strategic Shifts in Hotel Management
Polaris Holdings: Summary of Financial Results for the 3rd Quarter Ending March 31, 2025 [Japanese GAAP] (Consolidated)
Polaris Holdings Co 9-Mos Net Y1.21B Vs Net Y2.84B
Polaris Holdings Co Sees FY Net Y1.50B
Polaris Holdings - Contract for a periodic sublease reservation concerning two hotel properties in Edogawa, Tokyo, and Yokohama, Kanagawa.
On the 22nd, Polaris Holdings <3010> announced the conclusion of a periodic building lease reservation contract (hereinafter referred to as the "Reservation Contract") concerning two hotel properties located in Edogawa, Tokyo and Yokohama, Kanagawa, in conjunction with its subsidiary Fino Hotels and Star Asia Real Estate Investment Corporation <3468> (hereinafter referred to as "the Investment Corporation"). The Investment Corporation entrusts the management of its assets to Star Asia Investment Advisors, which belongs to the Star Asia Group, the sponsor of the company's group. The company's group is,