M.O. Tourist has announced that it will absorb and merge with its wholly-owned subsidiary My Pack, effective April 1st.
Established in October 1986, My Pack has a capital of 1,000 yen and employs 54 people. The company is engaged in the travel business, staffing services, and life insurance sales. In the fiscal year ending March 2023, they reported a net loss of 832,000 yen.
Founded in August 1960, M.O. Tourist has a capital of 250 million yen. As a travel agency affiliated with the Mitsui O.S.K. Lines Group, it specializes in corporate travel for businesses within the Mitsui Group.
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