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Seibu Holdings, Inc. ( (JP:9024) ) has issued an announcement.
Seibu Holdings, Inc. has announced significant investments in its hotel properties, including a 22 billion yen investment in the Shinagawa Prince Hotel and a 29 billion yen renovation project for the Karuizawa Prince Hotel. These investments aim to increase average daily rates significantly by 2029 and 2030, respectively. The company is also progressing in forming the Seibu Fund, which will include the securitization of Shinagawa Prince Hotel assets. Additionally, Seibu Holdings has acquired shares in Ace Group International to expand its hotel network. Despite an increase in operating revenue driven by securitization and tourism, operating profit decreased due to rising expenses. The company maintains its full-year earnings forecast, considering deferred expenses and delays in certain projects.
The most recent analyst rating on (JP:9024) stock is a Buy with a Yen6202.00 price target. To see the full list of analyst forecasts on Seibu Holdings, Inc. stock, see the JP:9024 Stock Forecast page.
More about Seibu Holdings, Inc.
Seibu Holdings, Inc. operates in the hospitality and transportation industries, focusing on hotel management and railway operations. The company is known for its Prince Hotel chain and aims to expand its international hotel network.
Average Trading Volume: 1,171,036
Technical Sentiment Signal: Buy
Current Market Cap: Yen1437.6B
For detailed information about 9024 stock, go to TipRanks’ Stock Analysis page.