TYO:3468

3 stories mentioning TYO:3468Updated just now

Every FINWIRES story that references TYO:3468, newest first.

Star Asia Investment Secures 8.1 Billion Yen Refinancing Loans

Star Asia Investment (TYO:3468) approved new loan agreements worth 8.1 billion yen to refinance borrowings, according to a filing on the Tokyo Stock Exchange on Friday.Star Asia will borrow 3.25 billion yen from a syndicate arranged by Sumitomo Mitsui Banking Corporation and Mizuho Bank at a floating rate of three-month yen TIBOR plus 0.50%.The company will also borrow 500 million yen from Aozora Bank at three-month yen TIBOR plus 0.55%.In addition, Star Asia will borrow 4.35 billion yen from another syndicate arranged by Sumitomo Mitsui Banking Corporation and Mizuho Bank at three-month yen TIBOR plus 0.50%.All loans are unsecured and unguaranteed, and have repayment due Feb. 28, 2031.

TYO:3468

Asia81d ago

Star Asia Investment's Hotel Business Records 91% Average Occupancy Rate in April

Star Asia Investment (TYO:3468) average occupancy rate at its Japan hotels improved by 1% to 90.9% in April, according to a Friday Tokyo bourse filing.Average daily rate came in at 16,318 yen, down slightly or 0.3% on year, while revenue per available room was at 14,826 yen, up 0.8%.The cumulative performance for the fiscal period to April showed a higher average occupancy rate of 91.2%.The company, citing data from the Japan National Tourism Organization (JNTO), said inbound tourism to Japan reached 3.69 million, down 5.5% from a year ago, due to the Easter holiday timing shift.The performance was particularly strong in the Sapporo, Tohoku, and Fukuoka areas, driven by increased travel from Southeast Asian countries and enhanced promotional activities, despite travel restrictions from China.Additionally, the cumulative number of foreign visitors to Japan through April exceeded 14 million for the second consecutive year, with nine markets, including South Korea, Taiwan, and Vietnam, and France, recording their highest-ever visitor numbers for April.

TYO:3468

Asia108d ago

Star Asia Investment Completes Redemption of Preferred Equity Securities

Star Asia Investment (TYO:3468) completed the redemption of all preferred equity securities it held in a real estate-backed structure, with proceeds expected to generate a gain, according to a Tuesday filing on the Tokyo Stock Exchange.The real estate investment trust said it redeemed the securities on April 28 and expects to record a gain of about 151 million yen for the fiscal period ending July 2026. It will also receive dividends related to the securities.The preferred equity securities, acquired in June 2023 for about 1.56 billion yen, were linked to a structure holding the HAKUSAN HOUSE property.

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