Full-scale entry into the travel sector through the acquisition of アップルワールド

「(*) 株式会社アップルワールド and 株式会社ティ・エス・ディ completed a merger by absorption effective 1 October 2024, with 株式会社アップルワールド as the surviving company and 株式会社ティ・エス・ディ as the absorbed company.」

「In the travel sector, the recovery in the external environment led to strong business growth.」

「For 株式会社アップルワールド and 株式会社ティ・エス・ディ, domestic travel demand has remained firm and overseas travel demand has been recovering gradually on the user side. On the client side, leisure travel has recovered gradually due to the weaker yen, while business travel has recovered relatively steadily.」

「For 株式会社アップルワールド and 株式会社ティ・エス・ディ, on the user side, domestic travel demand has remained firm, while overseas travel demand has recovered gradually in leisure travel due to the impact of the weaker yen and has recovered steadily in business travel. On the client side, travel agencies’ booking demand has been trending higher as the market recovers.」

「At a meeting of the Board of Directors held on 6 December 2022, the Company resolved to transfer all businesses operated by 株式会社ティ・エス・ディ, excluding its BPO business, to a newly established company through an incorporation-type company split, and to transfer through a company split part of the businesses subject to succession operated by 株式会社エフネス to 株式会社ティ・エス・ディ, after which it would acquire all shares of 株式会社ティ・エス・ディ and make it a subsidiary. Accordingly, a share transfer agreement was executed on 7 December 2022, and the shares were acquired on 1 February 2023.」

「By further strengthening the position of our consolidated subsidiary 株式会社アップルワールド as a wholesaler of overseas hotels and providing comprehensive solutions to travel companies, we aim to broaden the scope of operational support and further strengthen our customer base.」

「For 株式会社アップルワールド, on the user side, domestic travel demand has been recovering, while overseas travel demand has recovered to a limited extent, mainly in business travel, despite the impact of the weaker yen. On the client side, travel agencies’ booking demand has been trending higher as entry restrictions have been lifted and the overseas travel market has recovered.」

「For 株式会社アップルワールド, on the user side, domestic travel demand has been recovering, but demand has been volatile and the situation remains somewhat unstable due to the increase in COVID-19 cases. Overseas travel demand has shown signs of recovery, mainly in business travel, as a path toward the phased easing of restrictions has emerged.」

「For 株式会社アップルワールド, on the user side, domestic travel demand has recently shown a gradual recovery despite the spread of the Omicron variant and the resulting calls to refrain from going out. Overseas travel demand has also shown signs of recovery, mainly in business travel, as a path toward gradual easing of restrictions has emerged.」

「For 株式会社アップルワールド, on the user side, domestic travel demand had been gradually recovering following the lifting of the state of emergency declaration at the end of September, but the recovery has recently slowed due to the emergence of variants such as Omicron and the resulting calls to refrain from going out. Overseas travel demand had likewise shown temporary signs of recovery, but the timing of its recovery has recently been delayed.」

「For 株式会社アップルワールド, on the user side, domestic travel demand was showing a gradual recovery following the lifting of the state of emergency declaration at the end of September, despite its reissuance and extension during the second quarter. Overseas travel demand also showed signs of a gradual recovery, mainly in business travel. On the client side, travel agencies were prioritising efforts to capture domestic travel demand.」

「The macro environment surrounding 株式会社アップルワールド remains uncertain. On the client side, travel agencies are prioritising efforts to capture domestic travel demand. On the user side, domestic travel demand had shown signs of a gradual recovery, but has recently trended somewhat lower following the reissuance and extension of the state of emergency declaration. Overseas travel demand also remains at a low level.」

「We will continue to prioritise capturing domestic travel demand, allocating management resources to domestic businesses centred on TRAVELIST, a flight-comparison media service for individual users, and optimising the cost structure.」

「During the second quarter of the current cumulative consolidated period, the decline in profitability at 株式会社アップルワールド due to weak overseas travel demand and other factors continued beyond the period initially assumed. Based on an estimate assuming a gradual recovery over the next several years, the recoverable amount fell below the carrying amount, resulting in an impairment loss of ¥1,931 million on goodwill and other assets. Going forward, while prioritising the allocation of management resources to domestic businesses, centred on TRAVELIST, a flight-comparison media service for individual users, and optimising the cost structure in light of a gradual recovery in domestic travel demand, the Company will work to generate revenue promptly if overseas travel demand recovers.」

「At アップルワールド, during the previous consolidated fiscal year, its core overseas hotel reservation service for domestic travel agencies expanded through stronger relationships with suppliers and travel agencies, driving higher revenue and improved margins. However, from February 2020 onward, the global spread of COVID-19 and the resulting travel restrictions in Japan and other countries led to cancellations of existing business and leisure reservations and a decline in new reservations, causing revenue to decline sharply during the first quarter of the current cumulative consolidated period.」

「At アップルワールド, its core overseas hotel reservation service for domestic travel agencies had expanded through stronger relationships with suppliers and travel agencies, driving higher revenue and improved margins. However, revenue has recently declined temporarily due to factors including the spread of COVID-19 toward the end of the consolidated fiscal year and the resulting restrictions on economic activity.」

「At アップルワールド, despite the impact of the expansion of protests in Hong Kong, we have strengthened relationships with suppliers and travel agencies and expanded our quotation service, among other measures, and are pursuing medium- to long-term growth through higher revenue and improved margins.」

「At アップルワールド, despite the impact of the expansion of protests in Hong Kong, we have strengthened relationships with suppliers and travel agencies and expanded our quotation service, among other measures, and are pursuing medium- to long-term growth through higher revenue and improved margins.」

「At アップルワールド, its core overseas hotel reservation service for domestic travel agencies has expanded through stronger relationships with suppliers and travel agencies and the enhancement of its quotation service, driving higher revenue and improved margins.」

「At アップルワールド, its core overseas hotel reservation service for domestic travel agencies has expanded as relationships with suppliers and travel agencies have been strengthened, driving higher revenue and improved margins. In October 2018, the domestic and international hotel search site Travery (トラベリー) was also launched for individual users, advancing the development of new businesses.」

「At アップルワールド, which has been part of the Group since 9 February 2018, post-acquisition integration is progressing smoothly, including through the strengthening of relationships with suppliers and travel agencies. In October 2018, the domestic and international hotel search site Travery (トラベリー) was also launched for individual users, advancing the development of new businesses.」

「At アップルワールド, which has been part of the Group since 9 February 2018, we are strengthening relationships with suppliers and travel agencies and seeking a major breakthrough in this new business area.」

「By leveraging our strengths in matching technology and platform-building capabilities, deepening cooperation with suppliers and sales channels, and strengthening media for individual users, we aim to maximise the use of アップルワールド・ホールディングス株式会社’s domestic travel agency and overseas hotel networks and enhance corporate value.」

「At a meeting of the Board of Directors held on 15 January 2018, the Company resolved to acquire 100% of the issued shares of アップルワールド・ホールディングス株式会社 and make it a consolidated subsidiary. Through the acquisition of shares in アップルワールド・ホールディングス株式会社, the Company aims to make a full-scale entry into the travel sector as a core business following human resources, real estate and automobiles. Date control was acquired: 9 February 2018. Voting rights acquired: 100%.」