GREENS surges in afternoon session after raising full-year earnings and dividend forecasts
GREENS CO.,LTD. <6547> shares surged in afternoon trading today after the company raised its full-year consolidated earnings guidance and dividend projections around 2:00 p.m. The company lifted its net sales forecast to 53.8 billion yen (up 8.4% year-on-year) from 53.2 billion yen, operating profit to 6.7 billion yen (up 6.2% year-on-year) from 6.5 billion yen, and net profit to 4.5 billion yen (down 14.4% year-on-year) from 3.6 billion yen. Concurrently, GREENS boosted its year-end dividend forecast by 12 yen to 52 yen per share, up from 35 yen a year earlier. GREENS noted that both occupancy rates and average room rates have outperformed initial assumptions, driven by localized revenue-management strategies. The company also indicated that the impact of any slowdown in inbound tourism stemming from strained Japan-China relations is expected to remain limited.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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