H.I.S., a major travel agency, announced its financial results for the year ending October 11th, and the final profit and loss of the entire group was a deficit of 25 billion yen.
Due to the significant decrease in travel demand due to the impact of the new coronavirus, it is the first time that the annual financial results will be in the final deficit since the stock was listed in 2002.
According to the earnings forecast for the three months from last month to January next year, the final profit and loss is expected to be a deficit of 6.3 billion yen.