ANA : reports Consolidated Financial Results for the Three Months Ended June 30, 2022(540KB)PDFOpens in a new window.In the case of an external site,it may or may not meet accessibility guidelines.

ANA HOLDINGS INC. (9202)

Consolidated Financial Results

For the three months ended June 30, 2022

ANA HOLDINGS reports Consolidated Financial Results

for the Three Months Ended June 30, 2022

1. Consolidated financial highlights for the three months ended June 30, 2022

(1) Consolidated financial and operating results

(%: year-on-year)

Operating revenues

Operating loss

Ordinary income

Net income (loss)

(loss)

attributable to

owners of

the parent

Yen

%

Yen

%

Yen

%

Yen

%

(Millions)

(Millions)

(Millions)

(Millions)

Three months

350,419

76.2

(1,321)

－

4,382

－

1,002

－

ended Jun 30, 2022

Three months

198,911

63.6

(64,612)

－

(63,783)

－

(51,159)

－

ended Jun 30, 2021

*Comprehensive income

for the period Apr 1 - Jun 30, 2022

¥

28,969 million [-%]

for the period Apr 1 - Jun 30, 2021

¥

(47,968) million [-%]

Net income

diluted net income

per share

per share

Yen

Yen

Three months

2.13

1.90

ended Jun 30, 2022

Three months

(108.77)

－

ended Jun 30, 2021

(2) Consolidated financial positions

Total assets

Equity

Shareholders'

Net assets per

equity ratio

Share

Yen (Millions)

Yen (Millions)

%

Yen

As of Jun 30, 2022

3,324,415

832,345

24.8

1,756.06

As of Mar 31, 2022

3,218,433

803,415

24.8

1,695.06

(Reference) Shareholders' equity

as of Jun 30, 2022

¥ 825,938 million

as of Mar 31, 2022

¥ 797,249 million

1

2. Consolidated earnings 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	1,660,000	62.7	50,000	－	30,000	－	21,000		－	44.65
	FY2022
*Revisions to the most recently disclosed earnings forecasts: None

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 15.

(4) Number of issued shares (Common stock)

				Number of Shares
		FY2022		FY2021
Number of shares issued	As of Jun 30	484,293,561	As of Mar 31	484,293,561
(including treasury stock)
Number of treasury stock	As of Jun 30	13,957,431	As of Mar 31	13,956,694
Average number of shares	Three months	470,336,320	Three months	470,341,980
outstanding during the period	ended Jun 30	ended Jun 30

• 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

1. Information Regarding Consolidated Financial Conditions……………………………………………. 10

(3) 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
(4)	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)…………………………………………………………………………	15
	(Additional Information)…………………………………………………………………………………….	15
	(Segment Information)……………………………………………………………………………………..	16
3. Other	...............................................................................................................................................................	17

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APPENDIX

Overview of consolidated financial results for the Three Months Ended June 30, 2022

1. Qualitative Information / Financial Statements, etc.

(1) Explanation of Consolidated Operating Results

				Yen (Billions)
Consolidated Operating Results	Three months ended	Three months ended	year-on-year
Jun 30, 2022	Jun 30, 2021	(%)
Operating Revenues		350.4	198.9	76.2
Air Transportation		314.2	170.1	84.7
Airline Related		55.4	53.3	3.9
Travel Services		13.9	9.1	52.3
Trade and Retail		22.4	19.1	16.9
Other		8.9	8.5	4.2
Intersegment Transactions		(64.5)	(61.4)	-
Operating Income (loss)		(1.3)	(64.6)	-
Air Transportation		(1.9)	(67.6)	-
Airline Related		1.9	5.1	(61.3)
Travel Services		(0.5)	(0.1)	-
Trade and Retail		0.5	(0.1)	-
Other		0.2	0.3	(26.5)
Intersegment Transactions		(1.5)	(2.1)	-
Ordinary loss		4.3	(63.7)	-
Net loss attributable to owners of	the	1.0	(51.1)	-
parent

See Notes 1 & 2 below.

In the first quarter of fiscal year 2022 (April 1, 2022 - June 30, 2022, hereinafter the "three months ended June 30, 2022"), the Japanese economy has been recovering gradually, with a steady pickup in personal consumption and general improvement in corporate earnings, despite weaknesses appearing in some areas.

The airline industry has seen demand for domestic routes steadily increasing due to the easing of internal movement restrictions, 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 ¥350.4 billion, mainly due to increased operating revenues in the air transportation business. As the impact of the COVID-19 pandemic continued, operating loss was ¥1.3 billion. Due to foreign exchange gains being recorded, etc., ordinary income was ¥4.3 billion and net income attributable to owners of the parent was ¥1.0 billion, moving from the red to the black for the first time in 10 quarters.

The Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange have awarded the Company the title of "DX Stock 2022" in recognition of our continuous work toward reforming our business model using digital technology.

An overview of the three months ended June 30, 2022 by segment follows.

(Revenues for each business segment include inter-segment sales, and operating income corresponds to segment income.).

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Overview by Segment

• Air Transportation

Operating revenues: ¥314.2 billion, up 84.7% year-on-year

Operating loss: ¥1.9 billion (Operating loss ¥67.6 billion same period a year ago)

In addition to a significant increase in passenger demand for both domestic and international routes, operating revenues were higher for international cargo services than in the same period last year, due to factors such as increased revenue by actively capturing high-unit-price cargo. In terms of costs, variable expenses increased due to skyrocketing fuel prices and the expanding scale of operations. However, Profit and loss improved significantly year on year as fixed cost increases were controlled by thorough cost management.

Category		Three months ended	Three months ended	year-on-year
	Jun 30, 2022	Jun 30, 2021	(%)
Passenger Revenues	(Billion yen)	62.2	12.9	379.9
Number of Passengers	(Passengers)	684,746	131,361	421.3
Available Seat Km	(Thousand km)	6,204,389	4,514,010	37.4
Revenue Passenger Km	(Thousand km)	4,389,105	892,094	392.0
Load Factor	(%)	70.7	19.8	51.0

*See Notes 3, 7, 8 & 12 below

In international passenger services, in addition to capturing the growing demand for connections between Asia and North America as country-level entry restrictions eased, passenger numbers and revenues have significantly increased year-on-year due to the temporary return of expatriates and signs of recovery in the demand for international business travel.

In term of route network, ANA increased North American and Asian flights to and from Narita Airport in order to capture demand for connections between North America and Asia and resumed operations on the Haneda- London route in response to returning business demand and resumed operations on the Haneda-London route in response to returning business demand.

In terms of sales and services, new meal service called "SUITE DINING" with seasonal set menus and different mealtimes will start at ANA SUITE LOUNGES, the lounges for international flights at Haneda and Narita airports, in addition to the traditional buffet style meals. The new service options that reduce face-to-face contact opportunities are available.

Category		Three months ended	Three months ended	year-on-year
	Jun 30, 2022	Jun 30, 2021	(%)
Passenger Revenues	(Billion yen)	102.0	50.2	103.3
Number of Passengers	(Passengers)	6,569,485	3,200,636	105.3
Available Seat Km	(Thousand km)	11,084,134	6,980,153	58.8
Revenue Passenger Km	(Thousand km)	5,976,159	2,981,785	100.4
Load Factor	(%)	53.9	42.7	11.2

*See Notes 3, 4, 7, 8 & 12 below.

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