Japan Experts, Extraordinary Performance, Astris Advisory Japan

Astris Advisory Japan

Our Corporate Advisory service is designed to give clients access to a wider range of investors. These include Japan specialists as well as global investors. The goal is to help achieve a fair equity valuation.

Japan Experts, Extraordinary Performance

Equity Bottom-Up

<ul><li><strong>Strong underlying growth and strategic initiatives</strong>–The company continues to make the most out of positive market conditions in the hotel sector with a continued uptrend in lodging demand.</li><li>We estimate underlying OP growth of 69.5% YoY for Q1-2 FY3/25, driven by the hotel business, which continues to see positive occupancy rates and RevPAR growth KPIs.</li><li>To reflect this, the company is optimizing its hotel portfolio by switching four hotels to a fixed + variable rent lease agreement to capture more earnings upside and the acquisition of unlisted limited-service hotel operator Minacia, due to close in December 2024, which will bring further stability and growth opportunities to maximize corporate value for the medium to longer term.</li></ul>

Strong underlying growth and strategic initiatives–The company continues to make the most out of positive market conditions in the hotel sector with a continued uptrend in lodging demand.We estimate underlying OP growth of 69.5% YoY for Q1-2 FY3/25, driven by the hotel business, which continues to see positive occupancy rates and RevPAR growth KPIs.To reflect this, the company is optimizing its hotel portfolio by switching four hotels to a fixed + variable rent lease agreement to capture more earnings upside and the acquisition of unlisted limited-service hotel operator Minacia, due to close in December 2024, which will bring further stability and growth opportunities to maximize corporate value for the medium to longer term.

Polaris Holdings (3010 JP) - Capitalizing on Opportunities for Growth