Research from Mita Securities, Mita Securities

Mita Securities

Mita Securities provides a full scale diversified investment banking and financial services. A comprehensive investment banking department, specializes in rights offerings advisory, take-over bids agents, M&A etc. Including a proprietary trading desk, and wealth management department that offers brokerage, custody, real estate, and full proxy services.

Research from Mita Securities

Equity Bottom-Up

<ul><li>AB Hotel (6565, the company) posted 1-3Q FY3/22 parent sales of 4.723bn yen (+34.6% YoY)</li><li>The average occupancy rate of 27 comparable stores in 1-3Q was 87.1% (YoY+20.0ppt)</li><li>Since the company's hotels are mainly located near manufacturing bases in regional areas, there appears to be solid demand for accommodation</li></ul>

AB Hotel (6565, the company) posted 1-3Q FY3/22 parent sales of 4.723bn yen (+34.6% YoY)The average occupancy rate of 27 comparable stores in 1-3Q was 87.1% (YoY+20.0ppt)Since the company's hotels are mainly located near manufacturing bases in regional areas, there appears to be solid demand for accommodation

AB Hotel (6565): Significant Margin Recovery in 3Q

ABHotel Co Ltd

AB Hotel (6565): Significant Margin Recovery in 3Q