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Tokyotokeiba Co., Ltd. ( (JP:9672) ) has issued an update.
Tokyotokeiba has unveiled a five-year medium-term management plan, dubbed “Future-Oriented Space Creation Project: the 1st Furlong – Medium-Term Management Plan 2030,” to lay the groundwork for its 2035 long-term vision of becoming a leading creator of entertainment-centric community spaces. The plan prioritizes upgrading Oi Horse Racing through a new training center, enhancements to its SPAT4 system, and new fan information services, while simultaneously developing a world-class urban “entertainment racecourse” and transforming the Oi bay area into a landmark tourism hub; financially, the company is targeting FY2030 net sales of at least ¥48 billion and operating profit of at least ¥19 billion, average ROE of 10% or higher, disciplined leverage and an A credit rating, approximately ¥75 billion of strategic investment funded by about ¥90 billion in operating cash flow, and a standard dividend payout ratio of 35%, all underpinned by a revamped human capital strategy and ESG initiatives focused on place, planet, and people.
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., listed on the TSE Prime Market, operates in the leisure and entertainment sector centered on Oi Horse Racing in Tokyo. Positioning itself as a “space creator,” the company focuses on developing racecourse-centered urban entertainment facilities and surrounding bay-area communities, using horse racing operations, digital betting platforms such as SPAT4, and real estate-like space development as core businesses to attract a wide range of visitors and tourism demand to the Oi (Katsushima) area.
Average Trading Volume: 77,680
Technical Sentiment Signal: Buy
Current Market Cap: Yen168.2B
See more insights into 9672 stock on TipRanks’ Stock Analysis page.