Airtrip Corp, Oct-Jun (Cumulative 3Q) Net Income Decreases by 33%, Exceeds Full-Year Plan

Airtrip Corp. <6191> [TSE Prime] announced its financial results (based on IFRS) after the market closed on August 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending September 2025 (October 2024 to June 2025) dropped 33.5% from the same period last year to 1.62 billion yen. Progress toward the full-year plan of 1.20 billion yen is 135.2%, already exceeding the target and also exceeding the five-year average of 108.9%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net loss for the July to September period (4Q) is expected to nearly flat at loss of 0.42 billion yen (compared to a loss of 0.42 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from April to June (3Q), the consolidated net income dropped to 0.71 billion yen, a 49.6% decrease compared to the same period last year. However, the operating profit margin jumped from 11.0% in the same period last year to 16.6%.

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