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ANA Group Medium-Term Corporate Strategy for FY2026-2028
～Soaring to New Heights towards 2030～

We would like to thank all our shareholders and investors for your support to the ANA Group.

In the third quarter of the fiscal year ending March 2026, while geopolitical risks such as the situation in Ukraine and the Middle East remain concern, we successfully captured solid demand in the passenger service, resulting in revenue exceeding the same period last year. In terms of expenses, although fuel and personnel costs have increased, both revenue and profit increased by appropriately controlling overall costs relative to revenue growth.
In the cargo business, we are deepening the synergies generated by the group integration, including the commencement of codeshare flights between ANA and Nippon Cargo Airlines (NCA).

We have recently announced the "ANA Group Medium-Term Corporate Strategy for FY2026-2028", soaring to new heights towards 2030. In the previous FY2023-2025 strategy, we aimed to recover from the COVID-19 pandemic and return to a growth trajectory. Through improvements in profitability during this period, we have made progress in restoring our financial base and have solidified our business foundation for future growth. We are planning a record-high investment of 2.7 trillion yen over the next five years. We will focus growth investments on human resources, DX and aircraft etc. to drive sustainable growth.

Looking at the future business environment, while there are various uncertainties such as geopolitical risks, exchange rate fluctuations and supply chain disruptions, global air passenger and cargo demand is forecast to show solid growth. Furthermore, we see opportunities for further growth such as the planned functional enhancement of Narita Airport in Japan. With safety as our foundation, the ANA Group directors and employees will unite as one to push forward and create a world filled with wonder.

We sincerely appreciate your continued support to our ANA Group.

January 2026
President and CEO
Koji Shibata