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COVID-19 deadly hit HIS, one of largest travel agents in Japan, as it ended FY2020 (November 1 2019 to October 31 2020) with its first deficit since it listed on the Tokyo Stock Exchange in 2002. HIS posted sales of 430 billion JPY (-46.8% year on year), operating loss of 25 billion JPY and recurring loss of 31.2 billion JPY, and net loss reached 25 billion JPY.
The damages were seen not only its core travel business but also the hotel business and the theme-park business. Huis Ten Bosch, the HIS-managing theme-park in Nagasaki, reduced visitors by 45.6% to 1.39 million in total, as it was forced to close for 56 days.