FY2019 Financial Results

In the fourth quater,demand for air travel decreased significantly due to the impact of Coronavirus(COVID-19)

  • consolidated performance during the fiscal year under review shows operating revenues of 1,974.2 billion yen(down 4.1% year-on-year) due to a decrease in revenue centered on the air transportation business, and although the scale of flights was limited to match the sudden decline in demand, the decrease in operating revenues could not be absorbed, consequently led to operating income of 60.8 billion yen(down 63.2% year-on-year) and ordinary income of 59.3 billion yen(down 62.1% year-on-year).

Consolidated Financial Summary (Years ended March)

Consolidated Financial Summary (Billion yen)
FY2018 (Results) FY2019 (Results) Difference Change (%)
Operating Revenues 2,058.3 1,974.2

minus84.0

minus4.1

Operating Expenses 1,893.2 1,913.4 20.1 1.1
Operating Income 165.0 60.8

minus104.2

minus63.2

Non-Op. Gains/Losses

minus8.3

minus1.4

6.8
Recurring Income 156.6 59.3

minus97.3

minus62.1

Extraordinary Gains/Losses

minus2.6

minus7.8

minus5.1

Net Income 110.7 27.6

minus83.1

minus75.0

EBITDA*1 324.5 236.5

minus88.0

minus27.1

  1. *1.EBITDA = Op. Income + Depreciation and Amortization

Operating Income and Net Income

Net Income 39.2 bilion. FY2015 Op.Income 136.4 Billlion, Net Income 78.1 bilion. FY2016 Op.Income 145.5 Billlion, Net Income 98.8 bilion. FY2017 Op.Income 164.5 Billlion, Net Income 143.8 bilion. FY2018 Op.Income 165.0 Billlion, Net Income 110.7 bilion. FY2019 Op.Income 60.8 Billlion, Net Income 27.6 bilion.
(Years ended March)

FY2020 Earnings Forecast (Announced on April 28,2020)

Based on the direct impact on ANA caused by the continuation of Japan's measures to prevent the spread of the infection disease, such as the voluntary restraint on leaving home, restrictions on overseas travel, and restrictions on the entry of foreign nationals, the consolidated forecast for the year ending March 31, 2021, is yet to be determined at the present time while it is unknown when the outbreak of Coronavirus will end, and this will be promptly disclosed once disclosure is possible.

It is with great regret that we inform you that we will not be providing dividends because securing liquidity on hand is the most pressing issue under such unprecedented difficult business conditions.

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