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TKP - The facility name of Shonin Beach Park in Beppu City has been decided to be "SHONIN PARK," with a teaser site published for opening next summer.
On the 20th, T.K.P. <3479> announced that the overall name for the Park-PFI (Public Facility Installation Management System) project at Joyon Community Park in Beppu City, Oita Prefecture, has been decided as "SHONIN PARK." The name of the Lodging facility is planned to be "ISHINOYA Beppu (tentative)," and a teaser site was launched in preparation for its opening in July 2025. The company aims to utilize the park environment spreading across Joyon Community to promote the development of sand baths and the creation of new added value.
TKP - Strengthening the opening of rental conference rooms and short to medium-term offices, expanding "TKP Garden City Shibuya" and opening on February 10, 2025.
On the 17th, TKP <3479> announced that it will expand by one floor on the 8th floor of "TKP Garden City Shibuya," located in the East Shibuya Building, and will newly launch rental conference rooms and short- to mid-term rental offices, aiming for opening on February 10, 2025. In Shibuya, the demand from companies and individuals seeking flexible working styles has been increasing year by year, and Shibuya Station is a transportation hub where multiple lines intersect, resulting in high demand for meetings and Business bases. "TKP Garden City Shibuya" currently occupies the 1st, 4th, and 11th floors.
TKP Research Memo (9): In a phase prioritizing investment for growth, the likelihood of returning value to Shareholders in the form of Dividends is high.
■ In terms of shareholder return strategy, TKP <3479> is currently in the stage of prior investment, and has been postponing profit dividends in order to secure necessary funds with the aim of accelerating the speed of business development and expanding its scale. In the ongoing medium-term management plan, the policy is to prioritize business investments aimed at growth, and there are currently no plans for profit dividends for the fiscal year ending February 2025. Due to restrictions on proactive strategic investments during the COVID-19 pandemic, investment for future growth is being prioritized.
TKP Research Memo (7): Revised full-year Financial Estimates upward due to the consolidation of Likhara. Anticipating record-high performance with significant increases in revenue and profit.
■ TKP <3479> performance outlook 1. Consolidated performance outlook for the period ending February 2025 Based on the consolidation of Lirikara from the third quarter, the initial financial estimates have been revised upward. Revenue is expected to increase by 69.7% year-on-year to 62,000 million yen (revision amount: 17,000 million yen increase), operating profit is expected to increase by 77.5% to 8,200 million yen (revision amount: 850 million yen increase), and ordinary profit is expected to increase by 83.5% to 8,300 million yen (revision amount: 800 million yen increase).
TKP Research Memo (6): The establishment of a system for creating new business areas through the consolidation of Licala and successive business partnerships.
■TKP <3479> main activity achievements 1. Results of openings, closings, and expansions In the first half of the fiscal year ending in February 2025, due to contract expirations and other reasons, 9 facilities were closed while 9 new facilities were opened, resulting in an expansion of 5,615 tsubo including existing facilities (including 3 APA hotels). Furthermore, for the third quarter and beyond, over 3,000 tsubo of new openings and expansions are planned as of October 2024. In particular, the "TKP Shinbashi Shiodome Conference Center" will open on November 16 with an area of 1,215.
TKP Research Memo (5): In the first half of the period ending February 2025, revenue increased by 14.3%, surpassing levels prior to the COVID-19 pandemic.
■ TKP Corporation <3479> Financial Summary 2. Consolidated performance for the first half of the fiscal year ending February 2025 shows revenue increased by 14.3% year-on-year to 20,280 million yen, operating profit decreased by 0.9% to 2,733 million yen, ordinary profit decreased by 12.4% to 2,622 million yen, and net profit attributable to shareholders decreased by 57.6% to 2,422 million yen, resulting in increased revenue but decreased profit. Revenue increased due to the recovery in demand for rental conference rooms and sustained strong hotel operations, compared to pre-COVID levels.