Coronavirus-hit travel agency to shut third of its outlets in Japan

H.I.S. Co. plans to close around 80 to 90 outlets in Japan, or about a third, within a year as part of cost-cutting efforts after the major travel agency was left reeling at the effects of the coronavirus pandemic.H.I.S. has also decided to suspend new-graduate recruitment for the year starting April 2021.The company reported Wednesday a group net loss of 3.45 billion yen ($32.19 million) for the fiscal 2020 half-year through April, falling into the red for the first time on an interim basis since its listing in 2002.It cited a host of overseas package tour cancellations as the main reason …READ FULL ARTICLE