KNT-CT Holdings (HD) announced on May 9 that its consolidated net profit for the full fiscal year ending March 2024 (April 1, 2023 - March 31, 2024) was 7.54 billion yen (11.79 billion yen in the previous fiscal year). The special demand in the contract business related to the COVID-19 pandemic disappeared, and the recovery of overseas travel was delayed, resulting in a decrease of 4.25 billion yen in profits, resulting in an increase in revenue but a decrease in profits. For the fiscal year ending March 2025, although special losses are expected to decrease, a decrease in non-operating income is predicted, and a net profit of 7.5 billion yen is expected. Looking ahead, the company will proceed with a new medium-term management plan for fiscal years 2024-2026, aiming for a net profit of 8 billion yen in the fiscal year ending March 2026. Sales increased 1.3% from the previous fiscal year to 255.427 billion yen, operating profit decreased 36.3% to 7.272 billion yen, and ordinary profit decreased 33.8% to 7.977 billion yen. In the travel business, demand has grown due to the recovery of overseas travel after the COVID-19 pandemic, resulting in increased revenue. However, the special demand for COVID-19-related BPO contracting business has shrunk, resulting in a decrease in revenue. The consolidated business forecast for the fiscal year ending March 2025 is for sales of 295 billion yen, operating profit of 7.5 billion yen, and ordinary profit of 7.5 billion yen. At the IR briefing held on May 14, the company explained its new medium-term management plan. The company has reviewed its medium-term management plan for fiscal 2021-2025, which was formulated during the COVID-19 pandemic, and is continuing to reform its corporate culture to restore trust from the overcharging issue that occurred during the COVID-19 pandemic, with the theme of "strengthening group-wide management to restore trust and achieve sustainable growth." The company's president, Akimasa Yoneda, said, "We will combine the strengths of Kinki Nippon Tourist (KNT) and Club Tourism (CT). We will achieve further efficiency while focusing on growth areas such as regional co-creation and inbound tourism." In the new mid-term management reform, the company will reform its corporate culture to regain trust and promote initiatives on materiality as sustainability, as well as reviewing its business strategy, redesigning its business portfolio, improving the value of its B2C business, implementing a human resources strategy that maximizes human resources, and developing a group-wide system. In the consolidated financial statements for fiscal 2014, the company aims to achieve operating profit of 8.5 billion yen and net profit of 8 billion yen. The company's Managing Director Yoshinobu Koyama introduced the establishment of the KNT-CT Group Purpose as a reexamination of the company's raison d'être in society. The new purpose, "To places yet to be seen, to an unknown tomorrow," will be instilled within the company, and the company will aim to evolve travel itself and create and provide new value. In reviewing its business portfolio, the proportion of total sales from the core regional co-creation business and inbound business will be increased from 8% in fiscal 2011 to 20% as soon as possible after fiscal 2015. Managing Director Koyama said, "We want to become something like a regional trading company, not an upstream platform provider, but downstream, working together with the local community." With regard to the outlook for the redemption of preferred shares, it was explained that about 90% of the funds generated have been accumulated for redemption in June 2014. The equity ratio rose 7.5% from the previous fiscal year to 33.4%. In addition, the company announced that it is actively recruiting staff and is considering reopening stores in locations where demand is high. On May 9th, the company announced that Senior Managing Director Koyama Yoshinobu would be promoted to succeed President Yoneda Akimasa. Yoneda will become chairman with representative authority.