SASEBO, Nagasaki Pref. – Amusement park operator Huis Ten Bosch Co. said Thursday that its operating loss expanded to 2.7 billion yen in the business year ended March 31 from the previous year’s 1.5 billion yen.
The company’s pretax loss shrank by 500 million yen to 6.2 billion yen because its creditor financial institutions agreed to restructure loans to the company. Revenues came to 35.7 billion yen, down 3.8 billion yen.
The number of visitors to Huis Ten Bosch’s Dutch-style theme park here fell 140,000 to 3.76 million.
Huis Ten Bosch officials said Masaji Wasai, the company’s president, will step down to take the blame for the poor results.
Michitake Moriyama, a former board member of the Industrial Bank of Japan, the company’s main bank, will assume the presidency pending approval at a shareholders’ meeting on June 29.
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