VELTRA Inc., a Japan-based provider of tours and activities, recorded an extraordinary loss in the first quarter of the fiscal year ending December 2026.
The company booked an extraordinary loss of 56,213,000 yen related to the dissolution and liquidation of its Malaysian subsidiary, VELTRA Malaysia, and 50 million yen related to a remittance fraud loss based on false instructions involving its subsidiary Linktivity.
The decision to dissolve the Malaysian subsidiary was made in conjunction with the consolidation and integration of the group’s overall product development functions into the company’s headquarters in Japan. The amount was recorded to cover special retirement allowances and actual expenses associated with the liquidation. Although the investigation into the remittance fraud is ongoing, the company currently considers the possibility of recovering the funds to be low.
For the same period, VELTRA announced that operating revenue was 1.135 billion yen, operating loss was 38 million yen, and net loss was 119 million yen. Operating revenue reached 101.8% of the planned figure, with Linktivity significantly exceeding its plan. VELTRA has also begun providing its VELTRA Cruise reservation system to external partners, aiming to expand its customer base.
