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Tokyotokeiba Co., Ltd. ( (JP:9672) ) has issued an update.
Tokyotokeiba Co., Ltd. has approved the acquisition of approximately 810,000 square meters of land in Ichihara City, Chiba Prefecture, to build a new training center and relocate stables as part of its broader redevelopment of the Oi Racecourse. The land, to be purchased at a fair, objectively valued price and funded through a mix of internal funds and borrowings, underpins the company’s strategy to develop stronger racehorses and further promote Oi Horse Racing, with management emphasizing that the financial impact on the current fiscal year will be minimal, as most related capital expenditures will occur in future periods.
The most recent analyst rating on (JP:9672) stock is a Buy with a Yen6334.00 price target. To see the full list of analyst forecasts on Tokyotokeiba Co., Ltd. stock, see the JP:9672 Stock Forecast page.
More about Tokyotokeiba Co., Ltd.
Tokyotokeiba Co., Ltd. operates in the horse racing and leisure industry, centered on the Oi Racecourse in Tokyo. The company’s core business includes organizing and managing horse racing events and related facilities, with a focus on enhancing racing infrastructure and strengthening its position within the regional and national horse racing market.
Average Trading Volume: 68,895
Technical Sentiment Signal: Buy
Current Market Cap: Yen164.7B
For a thorough assessment of 9672 stock, go to TipRanks’ Stock Analysis page.