Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

JRHA Final Gross Up 41.2% & Average Up 23.8%

Wednesday, 13th July 2011

Turnover for the total sale (combined yearling & foal sessions) was ¥9,173,200,000 (US$111.868m) which was up 41.2% over last year's results. The final combined average of ¥25,623,463 yen (US$312,000) was up 23.8%. JRHA vice chairman & Shadai Farm owner Teruya Yoshida declared: “Japan has come back.” The select sale “had declined for the past 4 years prior to this year's revival” noted racingpost.com. And Yoshida & other sale officials “could not point to a specific reason why buyers were so enthusiastic, while the general national economy remains problematic & challenges remain following the earthquake & tsunami disaster”. However Yoshida “pointed to the 1-2 finish in the US$10 million Gr1 Dubai World Cup by Japanese-bred champions Victoire Pisa & Transcend as a major boost to the domestic industry; like the foal session-topping colt, Victoire Pisa is by Neo Universe, a son of Sunday Silence.” Yoshida summed up: “Now Japanese-breds are of world-class standards.” He “pointed to dividends already yielded & which will continue to be reaped from the investment he & other Japanese breeders have made buying mares in Europe & the Americas” & predicted “Japan's runners will continue to improve with this on-going infusion of high-quality bloodlines”.

« Previous
Return to
13th July 2011 News
Next »