ANA : Notice of Revision of Consolidated Financial Results Forecast(146KB)PDIn the case of an external site,it may or may not meet accessibility guidelines.

October 31, 2022 Company Name: ANA HOLDINGS INC.

President and CEO: Koji Shibata (Code number: 9202, TSE Prime Market)

Contact: Director, General Administration, Motoaki Ueno (TEL: [phone])

Notice of Revision of Consolidated Financial Results Forecast

Based on the recent performance trends, ANA HOLDINGS INC. has revised its whole financial year performance forecast for the current fiscal year (April 1, 2022 - March 31, 2023) previously announced on April 28, 2022.

Details are as follows.

1. Revision of Consolidated Financial Results Forecast for FY2022 (April 1, 2022 - March 31, 2023)

						Net Income
	Operating	Operating		Ordinary		attributable to			Net income
	Revenues	Income		Income		owners of the			per share
						parent
Previous Forecast (A)	Billion yen	Billion yen	Billion yen		Billion yen		Yen
1,660.0	50.0		30.0	21.0	44.65
New forecast (B)	1,700.0	65.0		55.0	40.0	85.05
Change (B - A)	40.0	15.0		25.0		19.0		－
% Change	2.4	30.0		83.3		90.5		－
Ref. FY2021	1,020.3	(173.1)	(184.9)		(143.6)			(305.37)
(Apr 1, 2021 - Mar 31, 2022)

2. Reasons for Revision

In air transportation operations, the recovery in international passenger demand is growing on

the back of Japan's relaxed border restrictions. Given the steady demand for international cargo services and other factors, operating revenues are projected to reach ¥1,700.0 billion (an increase of ¥40.0 billion compared to the previous announcement). In terms of costs, although these are expected to rise due to the market impact of foreign exchange rates and fuel prices, we will continue to work to ensure thorough cost management, and expect operating income to reach ¥65.0 billion (an increase of ¥15.0 billion). In addition, we expect gains on the sales of aircraft assets and foreign

exchange gains to exceed expectations, resulting in ordinary income of ¥55.0 billion (an increase of ¥25.0 billion) and net income attributable to owners of the parent of ¥40.0 billion (an increase of ¥19.0 billion).

These calculations were made based on the assumptions that the exchange rate is ¥145 to one US dollar, and indices for fuel costs as follows; the market price for crude oil on the Dubai market is US$100 per barrel, while Singapore kerosene costs are US$130 per barrel.

The above forecasts are based on the information available as of the date of this release. Actual results may differ from these estimates depending on a variety of factors.

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