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The latest announcement is out from Polaris Holdings Co., Ltd ( (JP:3010) ).
Polaris Holdings Co., Ltd. reported its latest earnings and key performance indicators, highlighting a strategic shift towards leases with variable rents and management contracts during the pandemic. This strategy helped lower break-even levels and reduce losses, but also impacted the company’s profit share during the recovery period. The recent merger with Minacia and the acquisition of Red Planet Hotels have diversified Polaris’s portfolio, positioning it for accelerated growth in favorable market conditions. The company plans to capitalize on this by improving average daily rates (ADR) across its hotels.
More about Polaris Holdings Co., Ltd
Polaris Holdings Co., Ltd. operates in the hospitality industry, focusing on hotel management and operations. The company is listed on the Tokyo Stock Exchange and has a diversified portfolio that includes domestic and overseas hotels with various ownership structures, such as fixed rent leases, variable rent leases, and management contracts.
YTD Price Performance: 17.39%
Average Trading Volume: 550,083
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen50.49B
Find detailed analytics on 3010 stock on TipRanks’ Stock Analysis page.
