share_log

インバウンドプラットフォーム:訪日外国人数は伸びしろが大きく持続的な成長が期待される

Inbound platform: there is a great potential for growth in the number of foreign visitors to Japan, and sustainable growth is expected.

Fisco Japan ·  Jun 21 08:45

Inbound platform <5587> operates three businesses: mobile network, life media tech, and recreational vehicles, targeting Japanese travelers and foreigners living in Japan. Mobile network, which accounts for over 80% of revenue, provides Wi-Fi terminal rental and eSIM services for foreign visitors to Japan as well as domestic travelers and corporations. Life media tech, which accounts for approximately 10% of revenue, earns a significant portion of its revenue from receiving booking fees for shinkansen (bullet train) and airport shuttle reservations. In addition, the company aims to start bus and rental car reservation services during this fiscal year to expand its mobility services.

In the first half of the 24th fiscal year ending September, revenue increased by 26.5% to 1,097 million yen compared to the same period last year, while operating profit decreased by 51.1% to 64 million yen. With the end of the COVID-19 pandemic and the recovery of foreign visitors to Japan, the top line has grown significantly. However, profitability has been pressured by high advertising expenses associated with increasing inbound demand, temporarily decreasing profit margins. Nevertheless, with large growth potential in the number of foreign visitors to Japan, sustainable growth in the company's performance is expected. The highest number of foreign visitors to Japan in the past was 31.88 million in 2019, but it is highly likely that the record will be broken in 2024. The government has set a target of 60 million foreign visitors by 2030.

In the first half of the 24th fiscal year ending September, revenue increased by 26.5% to 1,097 million yen compared to the same period last year, while operating profit decreased by 51.1% to 64 million yen. With the end of the COVID-19 pandemic and the recovery of foreign visitors to Japan, the top line has grown significantly. However, profitability has been pressured by high advertising expenses associated with increasing inbound demand, temporarily decreasing profit margins. Nevertheless, with large growth potential in the number of foreign visitors to Japan, sustainable growth in the company's performance is expected. The highest number of foreign visitors to Japan in the past was 31.88 million in 2019, but it is highly likely that the record will be broken in 2024. The government has set a target of 60 million foreign visitors by 2030.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment