HIS to close 80 to 90 stores mainly in Japan Performance deteriorates due to corona impact June 25, 5:44
As a major travel agency HIS has deteriorated its performance due to the influence of the new coronavirus, it will close 80 to 90 stores, mainly in Japan, within the next year to improve management efficiency. became.
HIS announced on the 24th, and the final profit and loss fell to a deficit of 3.4 billion yen in the interim financial statements until April.
It is the first time that the company has been in the final deficit in the interim period since the stock was listed in 2002.
This is because demand for travel and leisure has declined significantly due to suspension of mainstay overseas tours after March due to entry restrictions in each country due to the spread of infection.
For the year ending October, we have decided that the outlook is undecided because we cannot predict the future.
To improve management efficiency, the company plans to close 80 to 90 stores, mainly in Japan, within the next year, out of approximately 530 stores in Japan and overseas.
Furthermore, the company is aiming to reduce annual labor costs by approximately 20 billion yen by controlling personnel expenses and advertising expenses. I have decided to reduce it.