KNT-CT Holdings, a major travel company that owns Kinki Nippon Tourist, has suffered a deterioration in financial conditions due to the impact of the new coronavirus, and as of the end of December last year, its debt exceeded its assets, resulting in an insolvency of over 3.4 billion yen. Announced that it became.
In addition, regarding the one-year earnings forecast until next month, the final profit and loss forecast has been revised downward from the previous 17 billion yen deficit to 37 billion yen deficit.
KNT-CT states, "We will broadly consider improving the financial structure and work to eliminate insolvency."