H.I.S. (HIS) will acquire all shares of Rado Kanko from Adventure, making it a wholly owned subsidiary.
Founded in 1968, Rado Kanko is headquartered in Kita Ward, Osaka. In 2019, Adventure made the company a wholly owned subsidiary for JPY 1.05 billion. The company holds a strong market share and procurement network in the bus and ski tour sector, and has remained profitable even during the COVID-19 pandemic. For the fiscal year ended June 2025, it reported revenue of JPY 2.726 billion and operating profit of JPY 129 million.
HIS expects the acquisition to complement its business in regional departure and arrival markets and bus travel products, where it has not yet established a sufficient presence. By combining its sales network with Rado Kanko’s regional network and product development expertise, HIS aims to maximize customer acquisition through jointly planned products departing from regional areas and to distribute Rado Kanko’s specialized products through its own channels and affiliated agencies nationwide.
The acquisition covers 50,000 shares (500 voting rights), representing a 100% stake. The acquisition price is JPY 684 million, or JPY 688 million including acquisition-related expenses.
The share transfer agreement was concluded on September 11, with completion scheduled for November 30. The impact on earnings is expected to be minimal.
