HIS announced that it turned into the first black for the FY2024 (November 1 2023 to October 31 2024) in five fiscal years, posting net profit of 8,717 million yen (2,628 million yen inn deficit last year). With sales up 36.1% to 343.3 billion yen, HIS increased operating profit from 1.6 billion yen last year to 10.9 billion yen and ordinary profit from 1.6 billion yen to 10.4 billion yen.
Motoshi Yada, HIS CEO, said at a press conference, “We ended FY2024 as we planned. All of the segments grew by double digit or more, as the leisure travel market recovered well.”
Sales in the travel business were up 40%
Sales in the core travel business, which account for 80% of the total, increased by 40.3% year on year to 2840 billion yen, ad operating profit also increased to 9.3 billion yen. HIS JAPAN in charge of outbound travel from Japan succeeded in increasing senior travelers for Europe tours with tour conductors. Large groups and FIT for Hawaii tended to recover, and in Europe, increases in customers to Italy and Spain helped its business.
Sales in the hotel business were up 28.2% to 23 billion yen in 24 hotels in Japan and 19 hotels in foreign countries. In Japan, ADR rose mainly due to an increase in inbound tourists, and yield control proved effective. Overseas hotels performed well due to the recovery in customer flow, and all hotels increased profits. Operating profit for the hotel business was 3 billion yen,
HIS expects 15 million Japanese departures overseas
For FY2025 ended October 31 2025, HIS has forecasted sales of 390 billion yen (up 13.6%), operating profit of 12 billion yen (up 10.6%), ordinary profit of 11 billion yen (up 5.3%) and net profit of 7.7 billion yen (down 11.7%).
For the travel business, HIS has expected to increase sales by 14% to 326 billion yen and net profit by 7% to 10 billion yen, strengthening the businesses for Europe, Hawaii and Okinawa particularly.
For the hotel business, HIS is focusing on developing new hotels in major cities in Japan and trying to upgrade ‘Henna Hotel’ to a premium property, aiming to increase sales by 17% to 27 billion yen and operating profit by 26% to 3.9 billion yen.
HIS expects that Japanese departures overseas will recover to 15 million in 2025, which are 75% level of 2019.
