HIS Declares Dividend Suspension and Leaves FY2024 Final Profit/Loss Undecided

H.I.S. (HIS) has decided to revise its consolidated performance forecast for the fiscal year ending October 2024, opting to continue without dividends.

Due to the suspected illicit reception of employment adjustment subsidies by Number One Travel Shibuya, a consolidated subsidiary, and the investigation into the reception of employment adjustment subsidies across the group, it was decided that reporting of audit results and financial documents cannot be done at the ordinary general meeting of shareholders scheduled for January 29, 2025.

While the revised performance forecast maintains the previously announced sales, operating profit, and ordinary profit, the net profit/loss is left undecided. Although the forecast announced on September 13th included an end-of-term dividend of 10 yen, it has been decided to suspend dividends as the impact of the investigation on performance is not yet clear.

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