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ANA, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 11%

Thu Oct 30, 2025 3:30 pm JST Earnings

9202 ANA HOLDINGS INC. 【J-GAAP】

Earnings Report

ANA HOLDINGSINC. <9202> [TSE Prime] announced its financial results after the market closed on October 30th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) decreased 15.3% from the same period last year to 95.1 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 10.9%, from the previous forecast of 175 billion yen to 194 billion yen (compared to 200 billion yen in the previous period), and the declining rate is expected to decrease from 12.5% to 3.0%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 12.7% from the same period last year, reaching 98.8 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 59.2 billion yen, a 21.6% decrease compared to the same period last year. The operating profit margin decreased from 13.4% in the same period last year to 9.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 1,002,729 129,737 127,330 93,206 199.2 61.3 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 1,099,587 108,374 112,383 80,778 171.9 56.2 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 1,190,400 97,628 95,187 76,085 162.2 49.1 Oct 30, 2025 J-GAAP
YoY +8.3% -9.9% -15.3% -5.8% -5.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － － Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 1,190,400 97,628 95,187 76,085 162.2 － Oct 30, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,370,000 185,000 175,000 122,000 261.0 60 Apr 30, 2025 J-GAAP
Mar, 2026 New 2,480,000 200,000 194,000 145,000 310.2 60 Oct 30, 2025 J-GAAP
Revision Rate +4.6% +8.1% +10.9% +18.9% +18.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,162,269 88,265 87,703 72,249 153.7 60 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,289,600 102,372 98,813 68,915 147.4 60 Oct 30, 2025 J-GAAP
YoY +11.0% +16.0% +12.7% -4.6% -4.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,055,928 207,911 207,656 157,097 335.1 50 Apr 26, 2024 J-GAAP
Mar, 2025 2,261,856 196,639 200,086 153,027 325.6 60 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 2,480,000 200,000 194,000 145,000 310.2 60 Oct 30, 2025 J-GAAP
YoY +9.6% +1.7% -3.0% -5.2% -4.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 582,812 78,020 75,561 56,066 119.3 13.4 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 603,197 62,786 69,206 53,252 113.3 10.4 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 559,072 25,479 18,497 18,997 40.4 4.6 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 548,701 36,786 35,919 22,953 48.8 6.7 Jul 29, 2025 J-GAAP
Jul - Sep, 2025 641,699 60,842 59,268 53,132 113.3 9.5 Oct 30, 2025 J-GAAP
YoY +10.1% -22.0% -21.6% -5.2% -5.0%

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