Business | Jul 21

Japan's H.I.S. considers selling resort Huis Ten Bosch

Jul 21 (Nikkei) - Japanese travel agency H.I.S. is making arrangements to sell its stake in Huis Ten Bosch, a well-known resort in the Nagasaki Prefecture city of Sasebo, Nikkei has learned. The company is considering a Hong Kong investment company as a possible buyer along with others, sources close to the situation say.

H.I.S. on Thursday posted a statement saying that in order to improve the corporate and share value of Huis Ten Bosch, it is considering various options, including share sales, but no concrete decisions have been made.

The deal is estimated to be in the tens of billions of yen. H.I.S. aims to secure funds through the sale since the company's business performance is deteriorating amid the prolonged decline in travel demand due to the COVID-19 pandemic.

H.I.S. holds 66.7% of Huis Ten Bosch shares. The remaining shares are held by local companies such as Saibu Gas and JR Kyushu. H.I.S. is currently negotiating with several investment funds that are not yet identified by name. Huis Ten Bosch is expected to continue operating after the sale.

Source: ANNnewsCH

MORE Business NEWS

Record 26.4% of New Employees Consider Job Changes

The proportion of new employees who consider switching jobs if the opportunity arises has reached an all-time high, according to a survey of 1,000 employees conducted by the Tokyo Chamber of Commerce and Industry, with 26.4% responded that they would change jobs given the chance, the highest figure since the survey's inception in 1998.

"Kirakira Donki" Targets Gen Z with New Shibuya Store

A new store format from Don Quijote, named "Kirakira Donki," opened its doors in Tokyo's Shibuya district on Tuesday, aiming primarily at Generation Z and attracting a significant number of foreign tourists on its first day.

Seven-Eleven Expands Discounts on Perishables to Tackle Food Waste

In a move to address the significant issue of food waste, which amounts to approximately 5 million tons annually across Japan, convenience store chains are intensifying their discount strategies.

POPULAR NEWS

Japan's Population Crisis: 744 Municipalities Could Disappear by 2050

A private organization has revealed that approximately 40% of the national municipalities, totaling 744, could potentially disappear by 2050 due to declining populations.

Young Faces, New Trends: The Rise of Makeup Among Japan's Students

Youngsters in Japan are enthusiastically embracing the world of cosmetics, with a recent survey reporting some 60% of elementary students own some form of makeup.

Decoding U.S. 'Black Ship' Data Centers in Japan

Major American IT companies like Microsoft and Oracle have announced substantial investments totalling 4 trillion yen ($26 billion) in data centers in Japan, sparking concerns about digital sovereignty and AI development.

Former Host Pleads Guilty to Receiving 25 Million Yen from "Riri-chan"

A former host admitted to knowingly receiving approximately 25 million yen that had been deceitfully obtained by convicted scammer "Riri-chan," in a trial held on April 23.

Sakura Tree Collapses on Teacher at Kyoto Tourist Spot

A cherry tree located at one of Kyoto's busiest pedestrian streets, Sanneizaka, a main pathway to Kiyomizu Temple, suddenly fell at 11:45 AM on Tuesday, trapping a school teacher beneath.

FOLLOW US