HIS has resolved in its board of directors meeting to transfer all shares of Number One Travel Shibuya to the former representative director.
HIS holds 51.25% of the company’s shares, and will transfer all shares to former representative director RANJAN KUMAR DASDEB, who holds the remaining shares, for 82 yen. The decision was made as part of the consolidation of affiliated subsidiaries to strengthen group governance.
Number One Travel Shibuya had been found to have fraudulently received approximately 109.7 million yen in employment adjustment subsidies, which were returned. The individual had resigned following HIS’s recommendation to resign. In the recent fiscal year ending October 2024, the company’s sales were 537 million yen, with operating and net profits at 0 yen.
