TSE:9672Hospitality
TokyotokeibaLtd (TSE:9672) Stock Holds Appeal As Margins Stay Firm
TokyotokeibaLtd went into this earnings print with a stock that had drifted over the past three months, yet the latest quarter delivered exactly what long term holders usually want from a steady operator. Q2 basic earnings per share came in at ¥107.37 on revenue of ¥10,457.71m, keeping profit generation firmly intact for this racecourse and leisure business.
The headline is margin resilience. Trailing 12 month net profit margin sits around 25% and has edged up from about 24.5% a year earlier,...