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Polaris HD --- signed a memorandum regarding the entrusted operation of a hotel in Taito, Tokyo.
On the 8th, Polaris Holdings <3010> announced that its consolidated subsidiary, Fino Hotels, has signed a memorandum with its parent company, Star Asia Group's Star Asia Management LLC, regarding an operation contract for the "(tentatively named) KOKO HOTEL Residence Kitakami" to be constructed in Kitakami, Taito-ku, Tokyo.
Polaris to Expand Portfolio With New Hotel Management Agreement in Tokyo
Polaris Holdings - The management integration with Minasia has been completed, along with changes to the management structure and organizational restructuring.
On the 27th, Polaris Holdings <3010> announced that the effectiveness date of the stock exchange making Minacia a subsidiary has come, completing the management integration, along with changes in the management structure and organizational restructuring within the company. Kazuyoshi Shimojima, the President of Minacia, will serve as Vice President and Director of the company, while Mitsuhiro Matsuzaki, the Vice President of Minacia, will become a Director of the company. Ryosuke Miyamori, who was an advisor to the company, will be appointed as the Director and Head of the Management Headquarters for both the company and Minacia. A new hotel business headquarters will be established in the company.
Polaris Holdings - Entered into a basic agreement for concluding a lease agreement related to the hotel property scheduled for Construction in Omori.
Polaris Holdings Co., Ltd. <3010> announced on the 27th that its subsidiary, Minashia, has signed a basic agreement towards concluding a lease contract regarding a new hotel property to be constructed by the third-party hotel owner, LLC SMO Development, in Omori, Ota Ward, Tokyo. The property, tentatively named Hotel Wing International Omori Station Front, is expected to have 153 guest rooms. It is located just a one-minute walk from Omori Station on the JR Keihin-Tohoku Line.
Polaris Holdings - Revised upward the consolidated financial estimates for the fiscal year ending March 2025, while maintaining the dividend forecasts.
Polaris Holdings <3010> announced on the 27th that due to the completion of the management integration with Minacia, it has revised its consolidated financial estimates for the fiscal year ending March 2025, which were announced on May 14, 2024, while maintaining its Dividends forecasts. Revenue is expected to significantly increase as it will account for the revenue from Minacia for the three months of the fiscal year ending March 2025 after the management integration. The hotel business is also performing well due to strong operational results of existing hotels, and some hotels' operation types will be shifted from operational contract types to lease.
Stocks that moved the previous day part 1 Branding, Makino Milling Machine, Weather News, ETC.
Stock Name <Code> 30-day close ⇒ Compared to the previous day, Polaris HD <3010> 184 +1225 has revised its financial estimates for the fiscal year ending March 2025 upwards. Nagao <6239> 1202 +104 has secured a large order from Screen Internal. Hello's <2742> 4625 +425 reported a positive response to its two-digit profit increase for the third quarter. Palemo HD <2778> 123 -10 has seen a 50.9% decrease in operating profit for the cumulative third quarter. Branding <7067> 1638 +300 Japan Asia Investment <
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