Six stocks that are likely to benefit from the Tokyo 2020 Olympics

Six stocks that are likely to benefit from the Tokyo 2020 Olympics

On Sunday, the International Olympic Committee announced that Tokyo had won the bid to host the 2020 Olympics, beating out Madrid and Istanbul. In the wake of this news, Japanese conglomerate Nomura Group shortlisted six stocks that were likely to benefit most from the Tokyo Olympics. Starting with:

Taisei: Ever since Japan placed its Olympic bid, there has been talk of possibly renovating or reconstructing the National Olympic Stadium. The stadium could host the opening and closing ceremonies as well as track and field events, and the long-established Taisei could stand to benefit as the original contractor.

Taiheiyo Cement: With a surge in construction and building projects comes a higher demand for cement, and Japan’s biggest cement company is poised to benefit from the increased demand that comes from infrastructural development.

East Japan Railway: The East Japan Railway is a major passenger railway company in Japan and one of the seven Japan Railways Group companies. With the advent of the Tokyo Olympics, the company will have greater scope for the redevelopment of Shinagawa rail yard.

Mitsui Fudosan: As a major real estate developer that owns many of the condominium sites in Tokyo Bayside area, the company’s share price will undoubtedly go up as demand for accommodation rises.

Xebio: Shares in the sporting goods and apparel retailer will benefit due to a spike in demand for sports gear and outfits.

Sohgo Security Services: Security services will be vital at Olympics venues as well as the athletes’ village, so the company will undoubtedly see a rise in share prices.

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