Japan’s H.I.S. (a travel agency) lowered its full-year earnings forecast for the fiscal year ending October 2025.
It reduced net income to a profit of 6.5 billion yen (down 1.2 billion yen from the previous announcement). Revenue remains at 390 billion yen, operating income at 12 billion yen, and ordinary income at 11 billion yen.
At its consolidated subsidiary in Turkey, increases in costs such as cost of sales and personnel expenses driven by the depreciation of the Turkish lira and severe inflation led the company to scale down its outbound business and recognize extraordinary losses including special retirement allowances. It also recorded a 1.677 billion yen loss on valuation of shares of affiliates.
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