H.I.S. (HIS) has decided that its consolidated subsidiary, Jonview, will acquire shares in American Ring Travel (ART), a U.S. company, making it a subsidiary.
Jonview will acquire all outstanding shares of ART. The number of shares to be acquired is 4,845, and the acquisition price is US$1.675 million (approximately ¥269 million). Both the contract signing date and the completion date of the share transfer are scheduled for mid-September.
ART was established in 1983 and is based in Valencia, California. It operates an inbound travel business in North America. For the fiscal year ended March 2026, it recorded revenue of US$15.803 million and operating profit of US$503,000.
HIS is working to expand its global travel business and strengthen its travel arrangement and customer reception capabilities in North America. Through this share acquisition, the company aims to create synergies, including the mutual use of customer bases with the group’s North American locations and the joint operation of tours. HIS said it seeks to strengthen its business foundation in North America and enhance the corporate value of the entire group.
