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Intrance Co., Ltd. ( (JP:3237) ) just unveiled an announcement.
Intrance Co., Ltd. announced a revision of its full-year consolidated earnings forecasts for the fiscal year ending March 31, 2025, indicating a significant decrease in expected net sales and profits. The company attributed this revision to challenges in acquiring operating rights for regional hotels and inns, which impacted their revenue projections. Despite some success in securing operating rights for urban apartment hotels, the inability to meet desired conditions for regional hotel projects led to a substantial drop in anticipated revenues, affecting overall financial performance.
More about Intrance Co., Ltd.
Intrance Co., Ltd. operates in the real estate and hotel management industries. The company focuses on generating stable revenue from its real estate business while aiming for high growth in its hotel management sector, particularly through urban apartment hotel development and regional hotel investments.
YTD Price Performance: -18.63%
Average Trading Volume: 111,221
Technical Sentiment Signal: Buy
Current Market Cap: Yen4B
Learn more about 3237 stock on TipRanks’ Stock Analysis page.