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H.I.S. Co., Ltd. Addresses Wrongful Subsidy Receipt by Subsidiary

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H.I.S. Co., Ltd. Addresses Wrongful Subsidy Receipt by Subsidiary

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H.I.S.Co. ( (JP:9603) ) has issued an update.

H.I.S. Co., Ltd. announced disciplinary actions following an investigation that revealed its subsidiary, Tour Wave Co., Ltd., wrongfully received an Employment Adjustment Subsidy. Tour Wave has repaid the subsidies, and the president’s compensation has been reduced. The incident is expected to have an insignificant impact on H.I.S.’s financial results, though investigations are ongoing.

The most recent analyst rating on (JP:9603) stock is a Hold with a Yen1579.00 price target. To see the full list of analyst forecasts on H.I.S.Co. stock, see the JP:9603 Stock Forecast page.

More about H.I.S.Co.

H.I.S. Co., Ltd. operates in the travel industry, focusing on providing travel services and solutions. The company is known for its comprehensive travel packages and has a significant presence in the market.

Average Trading Volume: 580,841

Technical Sentiment Signal: Sell

Current Market Cap: Yen108.9B

For detailed information about 9603 stock, go to TipRanks’ Stock Analysis page.

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