ANA HOLDINGS INC. (9202)
Consolidated Financial Results
For the nine months ended December 31, 2022
ANA HOLDINGS reports Consolidated Financial Results
for the Nine Months Ended December 31, 2022
1. Consolidated financial highlights for the nine months ended December 31, 2022
(1) Consolidated financial and operating results | (%: year-on-year) | |||||||||||||||||
Operating revenues | Operating income | Ordinary income | Net income(loss) | |||||||||||||||
(loss) | (loss) | attributable to | ||||||||||||||||
owners of | ||||||||||||||||||
the parent | ||||||||||||||||||
Yen | % | Yen | % | Yen | % | Yen | % | |||||||||||
(Millions) | (Millions) | (Millions) | (Millions) | |||||||||||||||
Nine months | ||||||||||||||||||
ended Dec 31,2022 | 1,258,655 | 70.5 | 98,982 | - | 92,349 | - | 62,601 | - | ||||||||||
Nine months | ||||||||||||||||||
ended Dec 31,2021 | 738,046 | 39.9 | (115,817) | - | (118,340) | - | (102,804) | - | ||||||||||
*Comprehensive income | for the period Apr 1 - Dec 31, 2022 | ¥ (44,100 million [ - %] | ||||||||||||||||
for the period Apr 1 - Dec 31, 2021 | ¥ (93,652)million [ - %] | |||||||||||||||||
Net | income | diluted net | ||||||||||||||||
per share | income per | |||||||||||||||||
share | ||||||||||||||||||
Yen | Yen | |||||||||||||||||
Nine months | ||||||||||||||||||
ended Dec 31,2022 | 133.10 | 118.79 | ||||||||||||||||
Nine months | ||||||||||||||||||
ended Dec 31,2021 | (218.57) | - | ||||||||||||||||
(2) Consolidated financial positions | ||||||||||||||||||
Total assets | Equity | Shareholder's | Net assets per | |||||||||||||||
equity ratio | Share | |||||||||||||||||
Yen (Millions) | Yen (Millions) | % | Yen | |||||||||||||||
As of Dec 31,2022 | 3,284,907 | 849,260 | 25.7 | 1,791.65 | ||||||||||||||
As of Mar 31,2022 | 3,218,433 | 803,415 | 24.8 | 1,695.06 | ||||||||||||||
(Reference) Shareholders' equity | as of Dec31,2022 | ¥ | 842,674 million | |||||||||||||||
as of Mar31,2022 | ¥ | 797,249 million |
2. Consolidated operating results forecast for the fiscal year ending March 31, 2023
(%: year-on-year)
Operating revenues | Operating income | Ordinary income | Net income | Net | ||||||||
attributable to | income | |||||||||||
owners of the parent | per share | |||||||||||
Yen | % | Yen | % | Yen | % | Yen | % | Yen | ||||
(Millions) | (Millions) | (Millions) | (Millions) | |||||||||
Entire | 1,710,000 | 67.6 | 95,000 | - | 85,000 | - | 60,000 | - | 127.57 | |||
FY2022 | ||||||||||||
*Revisions to the most recently disclosed earnings forecasts: Yes |
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3. Other
- Changes of significant subsidiaries during the period (changes of specific subsidiaries in accordance with changes in the scope of consolidation): None
Consolidated | Equity method | |
Newly added | - | - |
Excluded | - | - |
- Application of accounting methods which are exceptional for quarterly consolidated financial statements: None
- Changes in accounting policies, accounting estimates and restatement of corrections
- Changes caused by revision of accounting standards: Yes
- Changes other than (i): None
- Changes in accounting estimates: None
- Restatement of corrections: None
(Note) For details, please refer to "2. Financial Statements and Operating Results (4) Notes to Consolidated Financial Statements, (Changes in accounting policies)" on page 14.
(4) Number of issued shares (Common stock)
Number of Shares | |||||
FY2022 | FY2021 | ||||
Number of shares issued | As of Dec 31 | 484,293,561 | As of Mar 31 | 484,293,561 | |
(including treasury stock) | |||||
Number of treasury stock | As of Dec 31 | 13,960,355 | As of Mar 31 | 13,956,694 | |
Average number of shares | Nine months | 470,335,227 | Nine months | 470,340,298 | |
outstanding during the period | ended Dec 31 | ended Dec 31 | |||
- This report is not subject to audit procedures.
- Explanation for appropriate use of forecasts and other notes
The earnings forecasts are forward-looking statements made on the basis of information available at the time forecasts are made and other certain assumptions deemed reasonable. Therefore, actual earnings may differ from forecast figures as a result of changes in business performance and other factors.
2
Contents | ||
1. Qualitative Information / Financial Statements, etc | 4 | |
(1) | Explanation of Consolidated Operating Results………………………………………………………. | 4 |
(2) | Information Regarding Consolidated Financial Conditions………………………………………….. | 9 |
- Explanation of Forecast of Consolidated Financial Results…………………………………………. 10
2. Financial Statements and Operating Results………………………………………………………………... 11
- Consolidated Balance Sheet……………………………………………………………………………. 11
-
Consolidated Statement of Operations and Consolidated Statement of Comprehensive Income. 13
Consolidated Statement of Operations………..………………………………………………………. 13 Consolidated Statement of Comprehensive Income…………………………………………………. 14
(3) Consolidated Statement of Cash Flows-Summary…………………………………………………… 14
- Notes to Consolidated Financial Statements………………………………………………………….. 14
(Notes Regarding Going Concern Assumption) ……………………………………………………… | 14 |
(Notes in the Event of Significant Changes in Shareholders' Capital) ……………………………... | 14 |
(Changes in accounting policies) ………………………………………………………………………. | 14 |
(Additional Information) ………………………………………………………… | 15 |
(Segment Information)…………………………………………………………………………………… | 16 |
3. Other……………………………………………………………………………………………………………… | 17 |
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APPENDIX
Overview of consolidated financial results for the Nine Months Ended December 31, 2022
1. Qualitative Information / Financial Statements, etc.
- Explanation of Consolidated Operating Results
Yen (Billions) | |||
Consolidated Operating Results | Nine months ended | Nine months ended | Year-on-Year (%) |
Dec 31, 2022 | Dec 31, 2021 | ||
Operating Revenues | 1,258.6 | 738.0 | 70.5 |
Air Transportation | 1,134.0 | 638.4 | 77.6 |
Airline Related | 180.2 | 149.8 | 20.3 |
Travel Services | 53.0 | 34.5 | 53.6 |
Trade and Retail | 76.5 | 61.4 | 24.6 |
Others | 27.2 | 27.6 | (1.7) |
Intersegment Transactions | (212.5) | (173.9) | - |
Operating Income (loss) | 98.9 | (115.8) | - |
Air Transportation | 99.1 | (112.9) | - |
Airline Related | 5.1 | 2.6 | 93.1 |
Travel Services | (0.6) | (0.2) | - |
Trade and Retail | 3.0 | 0.6 | 340.7 |
Others | 0.3 | 1.1 | (64.9) |
Intersegment Transactions | (8.0) | (7.0) | - |
Ordinary income (loss) | 92.3 | (118.3) | - |
Net income (loss) attributable to owners | 62.6 | (102.8) | - |
of the parent | |||
*See Notes 1 & 2 below.
In the nine months of fiscal year 2022 (April 1, 2022 - December 31, 2022, hereinafter the "nine months ended December 31, 2022"), the Japanese economy has been gradually recovering, with a steady pickup in personal consumption, despite weaknesses in some areas, such as imports and exports.
The airline industry has seen a recovery in passenger demand for domestic routes as restrictions of internal movement have been eased, and international routes have been recovering at an increased pace as countries continue to ease their entry restrictions.
Under these economic conditions, operating revenues were ¥1,258.6 billion, mainly due to increased operating revenues in the air transportation business. Operating profit was ¥98.9 billion an ordinary income of ¥92.3 billion, and net income attributable to owners of the parent of ¥62.6 billion.
In addition to being selected as a constituent of the Dow Jones Sustainability World Index, one of the world's leading indicators of socially responsible investment, for the sixth consecutive year, the company was selected as an "A List Company" (the highest rating) by CDP, a non-profit organization that provides international environmental assessments. In addition, ANA became the first Asian airline whose greenhouse gas emission reduction targets were recognized as SBT (Science-Based Targets) at a level consistent with the requirements of the Paris Agreement.
An overview of the nine months ended December 31, 2022 by segment follows.
(Revenues for each business segment include inter-segment sales, and operating income corresponds to segment income.)
4
Overview by Segment
- Air Transportation
Operating revenues: ¥1,134.0 billion, up 77.6% year-on-year
Operating income: ¥99.1 billion (Operating loss ¥112.9 billion same period a year ago)
In addition to remarkably increased passenger demand for both international and domestic routes, international cargo business was so steady that operating revenues were higher year-on-year, and operating income was recorded.
ANA was awarded a 5-stars rating for customer satisfaction (the highest rating available) for a tenth consecutive year by Skytrax in the UK, and CIRIUM's "The On-Time Performance Awards", in the network category, which analyze and evaluate global airline data, recognized ANA as having the best on-time arrival rate worldwide in 2022.
<International Passenger Service (ANA Brand)>
Category | Nine months ended | Nine months ended | Year-on-Year | |
Dec 31, 2022 | Dec 31, 2021 | (%) | ||
Passenger Revenues | (Billion yen) | 290.3 | 48.2 | 501.9 |
Number of Passengers | (Passengers) | 2,817,436 | 549,327 | 412.9 |
Available Seat Km | (Thousand km) | 24,804,147 | 14,962,076 | 65.8 |
Revenue Passenger Km | (Thousand km) | 17,994,505 | 3,746,298 | 380.3 |
Load Factor | (%) | 72.5 | 25.0 | 47.5 |
*See Notes 3, 7, 8 & 12 below.
In international passenger services, both passenger numbers and revenues were significantly higher than in the same period last year, due to demand for connections between North America and Asia, and business demand originating from Japan, remaining strong following the relaxation of border control measures in various countries, as well as the start of a recovery in inbound demand from October onward.
In the route network, ANA captured demand for connections by increasing flights to and from Narita Airport and North America and Asia respectively, and expanded the scale of flights to and from Haneda Airport in response to the recovering demand for both outbound and inbound travel. In Europe, the scale of operations has gradually recovered even in the face of the problems in Ukraine's. However, the restoration of flights on routes to China has been relatively delayed due to the continuation of the Zero COVID policy.
In terms of sales and services, we have worked to stimulate demand by establishing discount fares for visits from Asia to Japan and discount fares for flights to Hawaii to commemorate the 70th anniversary since ANA was founded.
<Domestic Passenger Service (ANA Brand)>
Category | Nine months ended | Nine months ended | Year-on-Year | |
Dec 31, 2022 | Dec 31, 2021 | (%) | ||
Passenger Revenues | (Billion yen) | 392.1 | 206.5 | 89.9 |
Number of Passengers | (Passengers) | 24,870,074 | 13,198,178 | 88.4 |
Available Seat Km | (Thousand km) | 37,136,960 | 24,539,266 | 51.3 |
Revenue Passenger Km | (Thousand km) | 23,144,340 | 12,090,978 | 91.4 |
Load Factor | (%) | 62.3 | 49.3 | 13.0 |
*See Notes 3, 4, 7, 8 & 12 below.
In domestic passenger services, demand increased steadily, as progress has been made in balancing
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ANA Holdings Inc. published this content on 02 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2023 06:19:06 UTC.