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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.
Saikaya Department Store: Securities Report - 93rd Fiscal Year (2023/09/01 - 2024/08/31)
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.
Toho, upward revision on 2/25, operating profit of 620 billion yen←55 billion.
Toho <9602> announced a revision of the financial estimates for the fiscal year ending February 2025. Operating revenue has been revised upward from 280 billion yen to 297 billion yen, and operating profit from 55 billion yen to 62 billion yen. In the main movie business, hits such as "Strange Family," "Detective Conan: The Five-Star Stories with a Million Dollar Tag," "Kingdom: The Return of the General," and "The Last Mile" have contributed, along with the unexpected success of the sequel from the previous consolidated fiscal year, "Haikyu!! Movie: The Battle of the Trash Dump," exceeding box office revenue expectations at over 11.5 billion yen. Additionally,
Saikaya Department Store: Summary of Financial Results for the Fiscal Year Ending August 2024 [Japanese GAAP] (Consolidated)
Saikaya Department Store FY Net Y72.00M Vs Net Y9.00M