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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.
Umenohana: Half Year Report - Term 46 (2024/05/01 - 2025/04/30)
Umenohana: Summary of financial results for the 2nd quarter (interim period) of the fiscal year ending April 2025 [Japanese GAAP] (consolidated)
Umenohana: Notice regarding differences between earnings forecasts and actual values for the 2nd quarter (interim period) of the fiscal year ending April 2025
Umenohana Sees FY Net Y420.00M
Umenohana 1H Loss Y166.00M Vs Net Y287.00M