Tokyu ( (JP:9005) ) has provided an update.
Tokyu Corporation has announced its decision to invest in a special purpose company for the development of the west district of Shibuya, where the Tokyu Department Store Shibuya flagship store was previously located. This investment will result in the special purpose company becoming a specified subsidiary, with Tokyu Corporation and Tokyu Department Store Co., Ltd. holding a combined preferential investment ratio of 70%. The impact on the company’s consolidated business results for the fiscal year ending March 31, 2025, is expected to be minor.
More about Tokyu
Tokyu Corporation operates in the real estate and transportation sectors, with a focus on urban development and infrastructure projects. The company is involved in various services, including department stores, hotels, and railways, primarily in the Tokyo area.
YTD Price Performance: 8.10%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.91B
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