ANA : reports Consolidated Financial Results for the Nine Months Ended December 31, 2022(1,572KB

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

1

3. Other

1. 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	-	-

1. Application of accounting methods which are exceptional for quarterly consolidated financial statements: None
2. Changes in accounting policies, accounting estimates and restatement of corrections

1. Changes caused by revision of accounting standards: Yes
2. Changes other than (i): None
3. Changes in accounting estimates: None
4. 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

1. Explanation of Forecast of Consolidated Financial Results…………………………………………. 10

2. Financial Statements and Operating Results………………………………………………………………... 11

1. Consolidated Balance Sheet……………………………………………………………………………. 11
2. 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

1. 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

3

APPENDIX

Overview of consolidated financial results for the Nine Months Ended December 31, 2022

1. Qualitative Information / Financial Statements, etc.

1. 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

5