Japan Retail Investment (JP:8953) has released an update.
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Japan Metropolitan Fund Investment Corporation (JMF) is enhancing the competitiveness of its portfolio by focusing on internal growth measures such as the large-scale renewal of ‘mozo wonder city’ to increase sales and improve customer attraction. The renewal includes introducing over 50 new shops, with phased openings starting March 2025, aiming to boost the facility’s overall sales and Net Operating Income. Additionally, JMF has revised its operating results and distribution forecasts upward for the fiscal periods ending in August 2024 and February 2025, anticipating a significant annual NOI increase from August 2025.
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