KNT-CT Holdings, a major Japanese travel group, has revised downward its consolidated earnings targets for the fiscal year ending March 2027, which is the final year of its medium-term management plan (fiscal years 2024–2026).
The target for operating profit has been lowered from the initial 8.5 billion yen to 6.2 billion yen, and the target for profit attributable to owners of parent has been reduced from 8.0 billion yen to 6.0 billion yen.
The company cites as main factors a decrease in revenue due to the cancellation of certain overseas tours caused by the situation in the Middle East, as well as higher personnel expenses resulting from base salary increases implemented to maintain and strengthen its human resource foundation and improve employee engagement.
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