JHC Suspends Operations and Prepares to File for Bankruptcy in Tokyo District Court, Pioneered Hotel Coupon System

JHC

JHC (JHC) ceased operations on March 21.

It has a considerable amount of debt and is expected to file for bankruptcy proceedings in the Tokyo District Court. The administrative formalities were entrusted to Verybest Law Office, and creditors, business partners, and related parties were notified. After the commencement of bankruptcy proceedings by the Tokyo District Court, it will be under the management of a bankruptcy trustee.

Founded in April 1985, JHC has a capital of 80 million yen. It developed the industry’s first hotel coupon system and also sold ‘Tora Pass,’ which turned optional tours into coupons. It had transactions with over 1,300 companies, including major travel agencies.

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