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Keio Corporation Revises Shinjuku Station Development Plan

Story Highlights
  • Keio Corporation revises its Shinjuku Station development plan, extending the timeline.
  • The delay is expected to have minimal impact on Keio’s financial results for FY2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

The latest update is out from Keio ( (JP:9008) ).

Keio Corporation has announced a revision to its Shinjuku Station Southwest Exit Area Development Plan, initially set from FY2023 to FY2028, now extended to an unspecified date. This change is due to delays in commencing construction in the southern area of the project, though the company anticipates minimal impact on its financial results for the fiscal year ending March 31, 2025.

More about Keio

Keio Corporation operates in the transportation and infrastructure development industry, focusing on railway services and urban development projects. The company is known for its significant involvement in the development and improvement of transportation hubs, particularly in the Tokyo metropolitan area.

YTD Price Performance: 3.87%

Technical Sentiment Signal: Hold

Current Market Cap: $3.19B

For a thorough assessment of 9008 stock, go to TipRanks’ Stock Analysis page.

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