H.I.S. To raise up to 22 billion yen from overseas funds, etc. October 2, 21:29
H.I.S., a major travel agency, announced that it will raise up to 22 billion yen from overseas funds, etc., while the number of travelers is rapidly decreasing due to the influence of the new coronavirus and business performance is deteriorating. ..
After strengthening its financial base, it will be used for hotel construction, etc. in anticipation of a recovery in travel in the future.
H.I.S. has indicated that the number of travelers will decrease due to the impact of the new coronavirus, and the financial results for the year ending this month will be a final deficit of 31.8 billion yen.
Under these circumstances, the company announced that it will raise up to 22 billion yen from overseas funds.
Specifically, we will ask an overseas fund to underwrite new shares and raise approximately 8 billion yen.
In addition, the fund and the founder of the company, Hideo Sawada, will be given 14 billion yen by giving them the right to purchase new shares, the "stock acquisition rights."
The company anticipates that travel will recover in the future, and plans to use the collected funds to build hotels that are scheduled to open in Japan and overseas from next fall, and to invest in strengthening the travel business for overseas customers.