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We Will Steadily Implement Our Medium-term Corporate Strategy to Achieve Further Growth

Photo:President and CEO Sinya Katanozaka

 We would like to express our deepest gratitude for the support you have provided.

 In the first six months ended September 30, 2017, the Japanese economy continued a trend of gradual recovery such as improvements in corporate earnings and the job environment amid unstable global political conditions.

 Under such conditions, increased business travel demand associated with the strong performance of corporate businesses, robust demand for individual travel, and inbound demand led to increased revenues in the ANA brand's airline business in the two LCC brands, and the highest earnings on record for the first six months of a fiscal year. Furthermore, the outlook for the year ended March 2018 was revised upward to an operating income of 160 billion yen, ordinary income of 150 billion yen, and net income attributable to owners of the parent of 132 billion yen.

 In August, we decided to issue zero coupon convertible bonds to secure funding for growth and to acquire treasury stock for the purpose of improving capital efficiency.

 We will continue to engage in sustaining "safety" as the basis for strengthening management that is unwavering amid the changes in the surrounding environment, and will steadily implement the plans listed in the FY2016-2020 ANA Group Mid-Term Corporate Strategy (2017 Rolling Strategy) in order to grow further.

 We would like to express our sincerest thanks to all our shareholders and investors, and as always, we look forward to your continuous support and patronage of the ANA Group.

November 2017
Shinya Katanozaka