Jordan to Dissolve and Liquidate Eats Tour

Jordan to Dissolve and Liquidate Eats Tour

Jordan has resolved to dissolve and liquidate Eats Tour as decided by the board of directors.

Jordan acquired shares in Eats Tour from EMCOM Holdings in November 2012, making it a consolidated subsidiary. Later, it also acquired shares from former Tabicapital (now Airtrip) and the former representative Masato Kumon, making it a wholly-owned subsidiary.

Although it mainly sold overseas travel products on its website, it faced challenges due to international circumstances and yen depreciation. Additionally, since Jordan is conducting its own travel business, there was a functional overlap and increased complexity in inter-transaction dealings. From the perspective of organizational efficiency and cost reduction for the entire group, the decision to dissolve and liquidate was made.

For the fiscal year ending March 2025, sales were 22.35 million yen, with an operating loss of 4.82 million yen and a net loss of 5.23 million yen. The final profits for the fiscal years ending March 2023 and March 2024 were in the black.

The dissolution is scheduled for the first half of the fiscal year ending September 2026, to be resolved at an extraordinary general meeting of Eats Tour’s shareholders. Jordan anticipates carrying forward tax losses.

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The translation may not be accurate.