H.I.S., a major travel agency, posted a record loss of 53 billion yen in its final profit and loss in the one-year financial results up to this month due to the prolonged decline in travel demand due to the new coronavirus. It became a prospect.
According to the group-wide earnings forecast for the year to this month announced by H.I.S. on the 30th, sales will decrease by 70% from the previous year to 125 billion yen, and the final profit and loss will be 53 billion yen. It is a prospect.
This is due to the fact that the impact of the new coronavirus has been prolonged, the demand for overseas travel, which is the mainstay of the virus, has almost disappeared, and the demand for domestic travel has also been sluggish.
The final deficit will be the second consecutive year, and the amount of the deficit is expected to exceed 25 billion yen in the previous year, the largest ever.
The company sold the floor of its head office, which will enter the building in Minato-ku, Tokyo, for 32.4 billion yen last month, and will issue new shares to overseas investment funds and the founder Hideo Sawada, chairman and president. The policy is to raise 21.5 billion yen.
Among major travel agencies, KNT-CT Holdings, which owns Kinki Nippon Tourist and others, is also expecting a final deficit of 14.8 billion yen this year, highlighting the difficult situation in the travel industry.