HIS Releases Statement in Response to Yomiuri Shimbun's Huis Ten Bosch Share Transfer Report

Travel giant HIS issued a statement today, Thursday, July 21, stating that the Yomiuri Shimbun and other media outlets have reported that the transfer of shares of its consolidated subsidiary Huis Ten Bosch to a Hong Kong investment company is not information that it has made a specific decision, and that it has not made a specific decision.

It all started at 9:11 a.m. today. Yomiuri Online "HIS to sell Huis Ten Bosch, Hong Kong investment company ... Judged at the right time for business performance." The article is finalizing the sale of Huis Ten Bosch to a Hong Kong investment firm. The sale price is tens of billions of yen. The reason for the sale is reported to be that HIS's final profit for the fiscal year ended October 2021 was the largest loss ever.

After the Yomiuri online report, follow-up articles from the Asahi Shimbun, NHK, and other major domestic and international media follow-up. In response, HIS responded at 11:30 a.m., saying, "The Company is conducting various considerations, including the transfer of shares, to improve the corporate value and stock value of HTB, but there is no fact that a specific decision has been made at this time. If there are facts that need to be disclosed in the future, we will promptly disclose them." The company issued a statement with a press release posted on its official website.

In response to the Yomiuri Shimbun's report, HIS said, "I only learned about it from this morning's article, and I have never spoken to the Yomiuri Shimbun, and there are no specific facts." I say.