[Click eStock] "JTC to Directly Benefit from Growth in Japanese Tourism Market"

The Korea IR Association Corporate Research Center analyzed on the 30th that JTC will directly benefit from the growth of the Japanese tourism market.

JTC is a Japan-based duty-free shop specialist company established in 1993. Currently, it operates 20 stores across Japan in cooperation with more than 1,270 local travel agencies, handling over 20,000 items including food, cosmetics, and daily necessities. Japan's duty-free shops are retail stores that exempt consumption tax for foreign group tourists visiting Japan, and are evaluated as suitable for purchasing practical consumer goods due to their accessibility to tourist attractions. As of the cumulative second quarter this year, JTC's sales ratio by nationality is 61.0% China, 30.7% Korea, 3.4% Taiwan, and 1.8% Thailand.

Yunseok Chae, a researcher at the Korea IR Association Corporate Research Center, said, "The cumulative number of foreign visitors to Japan until last November has surpassed 31.88 million, the highest annual record in 2019. Furthermore, the annual number of foreign visitors to Japan this year is expected to reach 35 million." He added, "The Japanese government is actively implementing policies aiming for 60 million inbound tourists by 2030. Additionally, tourism revitalization through sports events such as the World Athletics Championships and the Asian Games from next year until 2027 is also anticipated."

Researcher Chae forecasted that for this fiscal year, sales will increase by 116.8% compared to the same period last year to 325.2 billion KRW, and operating profit will rise by 81.9% to 39.8 billion KRW. He explained, "Most major inbound tourist numbers, except for China, have already recovered to pre-COVID-19 pandemic levels, and the steady increase in Chinese flights and cruise operations is expected to drive sales growth."

This content was produced with the assistance of AI translation services.