TOKYO, Apr 08 (Pulse News Wire) – Intrance CO.,LTD. (3237.T) resolved today to dissolve its overseas subsidiary, Yingchuang (Shanghai) Business Consulting Co., Ltd., during a board meeting held on April 08, 2026.
Intrance Shanghai was established on July 22, 2019, to facilitate bookings for hotels operated by the group and those associated with Intrance. However, despite achieving some success in sending customers to group-owned hotels, progress toward booking rooms at partner hotels fell short of expectations, leading to operational costs being shouldered by the parent company. As a result, the decision was made to prioritize efficiency and dissolve the subsidiary. Key details of the dissolved entity include: - Name: Yingchuang (Shanghai) Business Consulting Co., Ltd. - Location: Room 509-66, No.
98 Lushan Road, Pudong New Area, Shanghai, China - Capital: ¥168 million - Main Business: Travel agency services - Largest Shareholder: Intrance CO.,LTD. with 100.0% shareholding ratio - Established: July 22, 2019 Future plans involve continuing operations through collaboration with external companies. The dissolution process will follow local regulations, and once completed, the company will be officially liquidated. Regarding future impacts, Intrance anticipates minimal effects on its consolidated performance for the fiscal year ending March 2026, which has already been reflected in revised forecasts released today. An assessment of potential effects on the fiscal year ending March 2027 is ongoing, and significant developments will be promptly disclosed.
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