Last year's financial results for JTB, the largest travel industry, saw a record loss of 105.1 billion yen due to a drop in domestic and overseas travel demand due to the impact of the new coronavirus.

JTB announced on the 28th that the financial results of the entire group for the year up to March are: ▼ Sales decreased by 71% from the previous year to 372.1 billion yen, ▼ Final profit / loss was 1.6 billion yen in the previous year It turned from a surplus to a record deficit of 105.1 billion yen.



Regarding the earnings forecast for this year, we did not show the specific amount of profits because it is not possible to make a rational calculation at this time, but it is possible to return to the black due to the recovery of travel demand due to the effect of vaccination. ..



JTB will reduce the number of 480 stores in Japan by 115 and reduce the number of domestic and overseas employees from about 29,000 to about 7,200 during this fiscal year in order to rebuild its management. I plan to reduce it.



In addition to refraining from paying bonuses this year, the company plans to reduce salaries by 30% on an employee's annual salary basis for the time being to reduce labor costs.



It has been revealed that JTB is considering requesting capital support in the form of having the Development Bank of Japan, a government-affiliated financial institution, take over the preferred shares in order to strengthen its financial base.



At an online press conference, President Eijiro Yamakita said, "People's exchanges will be restrained due to the ongoing infection situation, but we would like to respond to changes in the environment. We will secure capital through all self-help efforts and at the same time financial institutions. I would like to continue to consider capital increase using various methods. "