Unizo Holdings, which operates companies reminiscent of motels and actual property, filed an utility with the Tokyo District Court on the twenty sixth for the appliance of the Civil Rehabilitation Law attributable to a speedy deterioration in its money circulation because of the results of the brand new coronavirus and rising costs. Total liabilities quantity to 126.2 billion yen.
According to Unizo Holdings, affiliated firms reminiscent of “Unizo Hotel” and “Unizo Real Estate” haven’t filed any petitions to begin rehabilitation procedures and can proceed to function as earlier than.
Unizo Holdings commented, “We apologize for causing concern and inconvenience to all concerned, but we ask for your continued understanding and cooperation.”
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