Japan’s AirTrip has made Venture Republic a consolidated subsidiary.
Venture Republic operates the Japanese travel information site ‘Travel.jp’. After listing on the Osaka Securities Exchange in 2008, it delisted in 2012 through a management buyout (MBO). In 2018, it entered into a capital and business alliance with LINE, but the partnership was subsequently scaled back. It has continued to post losses since the COVID-19 pandemic.
A share transfer agreement was concluded on November 28. As AirTrip’s 22nd business, it will serve as a core consolidated subsidiary to develop a portal site business, aiming to create synergies with the company’s other businesses.
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