Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Polaris Holdings Co., Ltd ( (JP:3010) ) has provided an announcement.
Polaris Holdings Co., Ltd. has announced the termination of existing lease agreements for two hotel properties and the initiation of new agreements with Star Asia Investment Corporation. This strategic move, involving KOKO HOTEL Nagoya Sakae and KOKO HOTEL Sendai Ekimae West, is expected to enhance profitability and expand Polaris’s operational capacity from 15 to 17 hotels, increasing the total number of rooms to 3,265. The new lease terms, which include a combination of fixed and variable rents, are designed to provide a mid-risk, mid-return profile, thereby strengthening the company’s market position.
The most recent analyst rating on (JP:3010) stock is a Buy with a Yen231.00 price target. To see the full list of analyst forecasts on Polaris Holdings Co., Ltd stock, see the JP:3010 Stock Forecast page.
More about Polaris Holdings Co., Ltd
Polaris Holdings Co., Ltd. operates in the hospitality industry, focusing on hotel management and operations. The company primarily provides hotel services through its subsidiaries, KOKO Hotels Co., Ltd. and Fino Hotels Co., Ltd., and is listed on the Tokyo Stock Exchange Standard Market.
Average Trading Volume: 440,932
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen48.65B
For an in-depth examination of 3010 stock, go to TipRanks’ Overview page.