H.I.S., a major travel agency, has announced that it will reduce its capital to 100 million yen, which will reduce its capital to 100 million yen.
Companies with capital of 100 million yen or less are considered to be SMEs under the tax system, so the aim is to reduce the tax burden.
According to the announcement, H.I.S. will hold an extraordinary general meeting of shareholders in late October, and after obtaining approval from shareholders, it will reduce its capital from the current 24.7 billion yen to 100 million yen.
Due to the delay in the recovery of its main overseas travel business due to the impact of the new corona, H.I.S. It fell into the red and continued to face severe business conditions.
Under these circumstances, the company says that the reason for the capital reduction is to improve its financial structure and reduce the tax burden.
Companies with capital of 100 million yen or less are considered SMEs under the tax system, so in the tourism-related industry, where the business environment continues to be severe due to the impact of the new corona, a similar "capital reduction" will be made to reduce the tax burden. There is a lot of movement going on.
On the other hand, H.I.S. is considering selling shares of the management company of the theme park "Huis Ten Bosch" in Nagasaki Prefecture to an investment company in Hong Kong, in order to secure funds and improve its financial situation. It seems that there is an aim.