0324 GMT - Tokyu Corp.'s profit growth is likely to be steady, SMBC Nikko Securities analysts say in a research report. Drivers are stronger consumer demand for mobility, higher average prices for businesses like hotels, and property sales, the analysts say. Among Japan's private railways, Tokyu could be the biggest potential beneficiary of inflation-driven increase in asset values, thanks to its large holdings of prime assets, the analysts say. The Japanese railway operator's business model is diverse and designed around Shibuya, a prime area of Tokyo. The brokerage initiates coverage of the stock with an outperform rating and a target price of 2,500.0 yen. Shares are 1.6% higher at Y1,850.5 at the midday break. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 23:24 ET (03:24 GMT)
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