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Odakyu Electric Railway Co. Reports Mixed Operational Results Amid Strategic Changes

Story Highlights
  • Odakyu Electric Railway Co. saw a rise in passenger numbers and transportation revenue.
  • Department store sales declined, while hotel occupancy rates varied across properties.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Odakyu Electric Railway Co. Reports Mixed Operational Results Amid Strategic Changes

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Odakyu Electric Railway Co ( (JP:9007) ) has shared an announcement.

Odakyu Electric Railway Co. reported a slight increase in passenger numbers and transportation revenue for the fiscal year, with a notable rise in non-commuter segments. However, the department store sales showed a decline, while hotel occupancy rates varied across different properties. The company is undergoing changes in its accounting standards and has closed the Hakone Highland Hotel for renovations, indicating a focus on improving infrastructure and services.

The most recent analyst rating on (JP:9007) stock is a Hold with a Yen1722.00 price target. To see the full list of analyst forecasts on Odakyu Electric Railway Co stock, see the JP:9007 Stock Forecast page.

More about Odakyu Electric Railway Co

Odakyu Electric Railway Co., Ltd. operates in the transportation industry, primarily focusing on railway services. The company also engages in department store operations and hotel management, with a significant presence in the Tokyo region. It is listed on the Tokyo Stock Exchange’s Prime Market.

Average Trading Volume: 1,005,547

Technical Sentiment Signal: Buy

Current Market Cap: Yen587.5B

For detailed information about 9007 stock, go to TipRanks’ Stock Analysis page.

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