Notice of Revision of Consolidated Financial Results Forecast(146KB)PDFOpens in a new window.In the case of an external site,it may or may not meet accessibility guidelines.

October 29, 2021

Company Name: ANA HOLDINGS INC.

President and CEO: Shinya Katanozaka

(Code number: 9202, TSE 1st section)

Contact: Director, General Administration, Motoaki Ueno

(TEL: [phone])

Notice of Revision of Consolidated Financial Results Forecast

ANA HOLDINGS INC. has revised its whole financial year performance forecast for the current fiscal year (April 1, 2021 - March 31, 2022), previously announced on April 30, 2021.

Details are as follows.

1. Revision of Consolidated Financial Results Forecast for FY2021 (April 1,2021 - March 31, 2022)

					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
1,380.0	28.0		5.0	3.5	7.44
New forecast (B)	1,060.0	(125.0)	(140.0)	(100.0)	(212.61)
Change (B - A)	(320.0)	(153.0)	(145.0)	(103.5)	(220.05)
% Change	(23.2)	－	－	－	－
Ref. FY2020	728.6	(464.7)	(451.3)	(404.6)		(1,082.04)
(Apr 1, 2020 - Mar 31, 2021)

2. Reasons for Revision

Regarding the consolidated earnings forecast, despite a promising outlook for international cargo demand, the extended impact of COVID-19 due to outbreaks of variants has resulted in a much larger decrease in passenger demand than first anticipated. While the number of new infections in Japan is currently decreasing and domestic route demand is showing signs of recovery, the delay in full recovery has led to an estimated ¥ 320.0 billion decrease in operating revenues.

In addition to restrictions on variable flight operation costs, current reduction efforts for fixed expenses such as maintenance and outsourcing costs should result in a reduction of ¥ 167.0 billion

in operating expenses. However, the significant impact of reduced operating revenues has lowered operating income by ¥ 153.0 billion, with net income attributable to owners of the parent and recurring profit also down considerably, leading us to forecast a loss.

The forecasts for the fiscal year ending March 2022 have therefore been revised as above. 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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