[Click eStock] "JTC, Increase in Visitors to Japan Due to Yen Weakness"

Research Alume predicted on the 22nd that the number of tourists visiting Japan this year will reach 32 million, expecting JTC to benefit from this.

Moon Juseong, a researcher at Research Alume, explained, "According to the Japan National Tourism Organization (JNTO), the number of visitors to Japan in February reached 2.79 million," adding, "The number of Korean tourists increased from 569,000 in August last year to 819,000 in February."

He continued, "As international political conditions become unstable, the currencies of developed countries continue to strengthen," and added, "With the continued weakness of the yen, travel demand from developed countries such as the United States and Europe is flowing into Japan."

He analyzed, "The decision on whether to lift JTC's designation as a management stock will be made after the submission of the audit report," noting, "Due to the impact of the travel industry slump during the COVID-19 pandemic, JTC was designated as a management stock because its loss from continuing operations before income tax expense exceeded 50% of its equity capital in two of the last three years."

Furthermore, he explained, "In a situation where delisting was possible, JTC succeeded in a paid-in capital increase worth 50 billion KRW to Upalma Capital in December 2022," and "secured 15 billion KRW by selling its subsidiary City Plus in the second quarter of last year."

Researcher Moon emphasized, "After the submission of the audit report in mid-May, it is certain that the management stock designation will be lifted during the review," and added, "We expect market interest to focus on the company's normalization."