Expansion into adjacent travel fields through enhancements to existing sites and partnerships

「As the earnings originally projected for the Minutes business included in the travel business can no longer be expected, the Company recognized the entire unamortized balance of the related goodwill as an impairment loss under extraordinary losses.」

「Going forward, our group plans to expand its business by adding functions to existing websites, expanding its customer base through partnerships with other companies, strengthening the domestic travel business, and entering new fields through M&A.」

「For system development, we focused on developing a domestic air ticket booking website and proceeded through to its launch.」

「For domestic travel websites, we had launched and operated Best One Bus Tours, Best One Accommodation, Best One Domestic Tours and Best One Domestic Dynamic Packages as separate specialist booking websites. By launching a comprehensive top page serving as the gateway to these websites, customers can now move freely among them and search for and book all types of travel products.」

「Regarding new domestic travel site development, the company has been developing a domestic air-ticket booking site and plans to release it by year-end.」

「In October 2021, we released the Best One Accommodation booking website for hotels and ryokans; in January 2022, the Best One Domestic Tours booking website for original domestic tours; and in July 2022, the Best One Domestic Dynamic Packages website, which allows customers to freely combine air tickets, bullet trains, hotels and ryokans. We are currently working at an accelerated pace to develop the domestic air-ticket booking website, scheduled for release this autumn.」

「Regarding development of domestic travel websites, we have continued developing the domestic dynamic package (domestic DP) booking website and the domestic air-ticket booking website.」

「Against this backdrop, our group has established API connections with foreign cruise operators, developed a new domestic travel website, implemented additional functions on existing websites such as Best One Bus Tours, and acquired the hotel booking website business. The API connections with foreign cruise operators were completed with Princess Cruises in November and with Cunard Line and Holland America Line in January, enabling the latest fare and availability information for a total of 38 ships and 1,357 itineraries to be checked automatically on our website. Regarding development of the domestic travel website, we proceeded with developing domestic tour and dynamic package (DP) booking websites, and on 26 January released Best One Domestic Tours, a booking website specializing in original low-cost domestic tours.」

「The company has continued developing domestic travel sites and financial and fintech media sites. On 19 October, it released Best One Accommodation Booking, an online booking site specializing in hotels and ryokan, and plans to release online booking sites for domestic original tours and dynamic packages by year-end.」

「Since April 2021, we have operated the Best One Bus Tours booking website, and going forward we plan to sequentially launch online-only booking websites for hotels, original domestic tours, dynamic packages (DP) and air tickets by the end of 2021.」

「In addition, on 6 April we opened the online-only booking website for bus tours that we had been developing. On 8 April, the Board of Directors resolved to launch a new business in the fintech field, and we are preparing for the website to open this summer.」

「Although progress in the domestic travel business has been slower than planned, we have steadily continued development toward launching the website.」

「Since July 2020, we have launched a domestic travel business and fully commenced the electricity retail business through the release of an online-only website. In addition, the ryokan business, which we entered through M&A, is currently a small-scale operation with only 1 location, but we plan to expand it to multiple locations going forward. By diversifying the group's businesses, we aim to move away from reliance on the cruise business alone.」

「The ryokan business, which we entered through M&A, is currently a small-scale operation with only 1 location. Going forward, we will work to expand it to multiple locations and make it the group's second core business.」

「In the consolidated accounting period of the second quarter, the company acquired shares in 株式会社えびす旅館 and made it a consolidated subsidiary.」

「Name of acquired company: 株式会社えびす旅館 Business: Ryokan operations ② Main reason for the business combination Because the business has synergies with the cruise business, the acquisition is intended to contribute to future business expansion and enhance competitiveness. ③ Date of the business combination 26 December 2018 ④ Legal form of the business combination Acquisition of shares for cash consideration ⑥ Percentage of voting rights acquired 100% Acquisition consideration: Cash ¥60 million Acquisition cost: ¥60 million」

「Going forward, our group plans to expand its business by adding functions to existing websites, expanding its customer base through partnerships with other companies, and entering fields related to its current business, such as air tickets and hotels.」