TIDMANA
RNS Number : 6515W
ANA Holdings Inc
28 April 2016
ANA HOLDINGS Financial Results
for the Year ended March 31, 2016
TOKYO, April 28, 2016 - ANA HOLDINGS (hereafter "ANA HD") today
reports its consolidated financial results for fiscal year 2015
(April 2015 - March 2016).
Financial highlights
Strong financial performance for FY2015
Record operating revenues of Yen1,791.1 billion, a 4.5% increase
year-on-year
Business expansion whilst maintaining tight control of costs,
achieving cost reduction targets and 49.1% growth in consolidated
operating income year-on-year, to Yen136.4 billion
Increased consolidated ordinary income, to Yen130.7 billion, up
94.7%
Consolidated net income attributable to owners of ANA HD of
Yen78.1 billion, a 99.2% increase year-on-year
Announcing a dividend of 5 per share for FY 2015
Overview
The Japanese economy continues to show signs of gradual
recovery, despite the appreciation of the yen and stock market
volatility at the end of the fiscal year. Personal consumption
remains robust as does demand for inbound travel to Japan.
ANA HD has reported a strong financial performance, driven by
continued growth in its Air Transportation business, which is
underpinned by growing demand for international travel to Japan. In
order to capitalize on this demand, ANA continues to expand and
improve its international network. During the period, ANA added
routes to four new overseas destinations and further expanded
operations at Haneda and Narita airports, strengthening its
international dual-hub airport strategy in the Tokyo Metropolitan
area. ANA also worked to improve passenger convenience and
strengthen competitiveness through its in-flight and airport
services, and was awarded the highest rating of 5-stars from the
UK-based airline rating company SKYTRAX for the fourth consecutive
year. ANA is the only Japanese airline with a 5-star rating.
ANA has also invested in strategic marketing campaigns during
the period in order to build brand recognition in the global
marketplace. ANA sponsored the season's first Ladies Professional
Golf Association (LPGA) USA women's golf tour, 'ANA Inspiration',
and became the first-ever airline in the world to fly aircraft
decorated with Star Wars characters, flying three special livery
aircraft.
In terms of the outlook, whilst uncertainties remain over the
geopolitical landscape, Japan's economy is expected to continue its
gradual recovery, supported by improved employment and the impact
of government policies. Under these economic conditions, ANA HD
continues to implement the FY2016-2020 ANA Group Corporate Strategy
set out in January 2016 and forecasts FY2016 operating revenue of
Yen1,810.0 billion and operating income of Yen145.0 billion.
Consolidated Financial Performance Unit: billion yen (except for
% comparison, rounded down)
FY2015 FY2014 Difference % 4Q/ Difference
Comparison FY2015
---------
Operating revenues 1,791.1 1,713.4 +77.7 +4.5 422.1 +5.9
----------------------------- --------- --------- ------------ ------------- --------- ------------
Operating expenses 1,654.7 1,621.9 +32.8 +2.0 402.4 -11.5
----------------------------- --------- --------- ------------ ------------- --------- ------------
Operating income 136.4 91.5 +44.9 +49.1 19.7 +17.4
----------------------------- --------- --------- ------------ ------------- --------- ------------
Non-operating income/
losses -5.7 -24.4 +18.6 - -1.1 +8.5
----------------------------- --------- --------- ------------ ------------- --------- ------------
Ordinary income 130.7 67.1 +63.5 +94.7 18.5 +25.9
----------------------------- --------- --------- ------------ ------------- --------- ------------
Extraordinary income/
losses 0.3 10.8 -10.5 -96.9 -5.2 -4.4
----------------------------- --------- --------- ------------ ------------- --------- ------------
Net income attributable
to owners of ANA HOLDINGS
INC. 78.1 39.2 +38.9 +99.2 4.8 +17.9
----------------------------- --------- --------- ------------ ------------- --------- ------------
Performance by business segment Unit: billion yen (rounded
down)
FY2015 FY2014 Difference 4Q/FY2015 Difference
-----------------------
Revenues Operating Revenues Operating Revenues Operating Revenues Operating Revenues Operating
income income income income income
---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- -----------
Air
Transportation 1,553.2 139.7 1,484.6 81.6 +68.6 +58.0 369.0 21.0 +8.7 +17.6
----------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- -----------
Airline
Related 231.9 -4.2 223.7 9.0 +8.1 -13.2 58.8 -0.3 +5.5 +0.0
----------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- -----------
Travel Services 167.3 4.2 169.0 4.5 -1.7 -0.2 38.0 0.0 -0.3 -0.0
----------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- -----------
Trade and
Retail 140.2 5.3 127.0 4.0 +13.2 +1.2 31.8 0.8 -0.2 +0.0
----------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- -----------
Others 33.7 1.6 32.5 1.6 +1.1 +0.0 9.2 0.4 +0.1 +0.1
----------------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- -----------
Air Transportation
1. Domestic Passenger Services
Demand: Passenger numbers were reduced versus the prior year due
to the opening of the Hokuriku Shinkansen bullet train, the impact
of typhoons occurring from July onwards and heavy snowfall in
February. However, ANA responded by flexibly setting fares in
accordance with demand, and as a result revenue increased over the
prior period. ANA also made use of narrow-bodied aircraft in order
to achieve optimal supply-demand balance and increased passenger
load factor.
Network: During the summer timetable, the route between Osaka
Itami and Hakodate was re-opened and during the winter timetable
additional flights were added to the Haneda-Osaka Kansai route. ANA
also sought to capture additional demand for flights arriving and
departing Okinawa by increasing the frequency of flights,
particularly nighttime flights between Haneda and Okinawa,
especially during the summer holidays.
Tourism: ANA is focused on capturing the increasing demand for
travel to Japan. During the year ANA introduced the 'ANA Discover
JAPAN Fare', a new fare for domestic routes which can be purchased
at overseas travel agents and targets overseas visitors to
Japan.
Service: ANA further enhanced its service with the introduction
of "ANA Baggage Drop Services", Japan's first-ever self-service
automated baggage drop system, which was introduced at Haneda
Airport in July, while also improving convenience for passengers
with the introduction of new automated check-in machines, offering
services in five languages at all domestic airports in Japan.
As a result, revenue from domestic passenger services rose by
Yen2.2 billion (up 0.3% year-on-year).
(Except for % comparison and passenger load factor, rounded
down)
Domestic Passenger Services FY2015 FY2014 Difference % Comparison
--------
Revenues (billion yen) 685.6 683.3 +2.2 +0.3
------------------------------ -------- -------- ------------ --------------
Number of passengers * 1.2
(thousand) 42,664 43,203 -538
------------------------------ -------- -------- ------------ --------------
* 1.3
Available seat km (million) 59,421 60,213 -791
------------------------------ -------- -------- ------------ --------------
Revenue passenger km * 0.3
(million) 38,470 38,582 -111
------------------------------ -------- -------- ------------ --------------
Passenger load factor
(%) 64.7 64.1 +0.7 -
------------------------------ -------- -------- ------------ --------------
2. International Passenger Services
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Demand: Although passenger demand fell on certain routes due to
the impact of the terrorist attacks occurring in Paris in November
and Brussels in March, demand for business travel was solid on
routes to/from Europe, North America and Asia and, additionally,
ANA was also able to capture strong demand for travel to Japan from
all regions, resulting in an increase in both passenger numbers and
revenue over the prior year.
Network: ANA further enhanced its network with the introduction
of new routes between Narita and the destinations of Houston, Kuala
Lumpur and Brussels, as well as between Haneda and the destinations
of Gaungzhou and Sydney. ANA also increased the frequency of
flights between Narita and the cities of Singapore, Honolulu and
Bangkok as well as between Haneda and the cities of Beijing,
Shanghai and Hong Kong.
Service: ANA worked to improve passenger comfort and service by
introducing a full-flat seat service in business class from October
onwards on all flights between Japan and mainland USA. This follows
the introduction of the service on all flights to Europe.
ANA celebrated its 30(th) anniversary of international service
on March 3(rd) .
As a result, revenue from international passenger services rose
by Yen47.3 billion (up 10.1% year-on-year).
(Except for % comparison and passenger load factor, rounded
down)
International Passenger FY2015 FY2014 Difference % Comparison
Services
--------
Revenues (billion yen) 515.6 468.3 +47.3 +10.1
------------------------------ -------- -------- ------------ --------------
Number of passengers
(thousand) 8,167 7,208 +959 +13.3
------------------------------ -------- -------- ------------ --------------
Available seat km (million) 54,710 49,487 +5,223 +10.6
------------------------------ -------- -------- ------------ --------------
Revenue passenger km
(million) 40,635 35,639 +4,995 +14.0
------------------------------ -------- -------- ------------ --------------
Passenger load factor
(%) 74.3 72.0 +2.3 -
------------------------------ -------- -------- ------------ --------------
3. Cargo services
In domestic cargo services, demand was subdued due to reduced
volumes in transfer cargo from international flights as a
consequence of the depreciation of the yen. Both cargo volume and
revenue fell below that of the prior year. In April, ANA introduced
a new reservation system which uses real-time information to
improve efficiency.
In international cargo services, the market for cargo departing
Japan and cargo departing overseas destinations to Japan was
subdued, the latter affected by the depreciation of the yen. Both
cargo volume and revenue fell below that of the prior year. Despite
these external factors, ANA is capturing demand by strengthening
its freighter network in Asia and by harnessing its expanding
passenger flight network. ANA is operating extraordinary and
charter flights in accordance with demand and using Okinawa's cargo
hub to service express cargo services.
As a result, revenue from domestic cargo services fell by Yen0.8
billion (down 2.6% year-on-year) and revenue from international
cargo services fell by Yen11.4 billion (down 9.2%
year-on-year).
(Except for % comparison, figures are rounded down)
Cargo Services FY2015 FY2014 Difference %
Comparison
--------
Revenues (billion
Domestic yen) 31.7 32.5 -0.8 -2.6
-------------------- -------- -------- ------------ -------------
Freight carried
(thousand tons) 466 475 -8 -1.8
------------------------------------- -------- -------- ------------ -------------
Ton km (million) 472 476 -4 -0.9
------------------------------------- -------- -------- ------------ -------------
Revenues (billion
International yen) 113.3 124.7 -11.4 -9.2
-------------------- -------- -------- ------------ -------------
Freight carried
(thousand tons) 810 841 -31 -3.7
------------------------------------- -------- -------- ------------ -------------
Ton km (million) 3,532 3,608 -75 -2.1
------------------------------------- -------- -------- ------------ -------------
4. Others
Other revenue from the Air Transportation business, which
includes revenue from ANA's mileage program, Vanilla Air, in-flight
sales and maintenance services for other airlines, was Yen196.5
billion (up 18.4% year-on-year).
During the year, Vanilla Air worked to increase revenue by
flexibly setting fares in accordance with demand. In addition to
increasing the number of flights on the Narita-Taipei route from
October and on the Narita-Kaohsiung route from January, Vanilla Air
also worked to improve passenger convenience and capture demand for
travel to Japan by establishing a new reservation center for the
Taiwanese market, with local language capabilities. As a result,
Vanilla Air carried approx. 1,691 thousand passengers, (up 48.3%
year-on-year) with a passenger load factor of 85.3% (up 5.0 points
year-on-year).
Airline Related, Travel Services, Trade and Retail and
Others
In Airline Related businesses, operating revenue for the period
was Yen231.9 billion (up 3.6% year-on-year). This was driven by an
increase in contracts for ground support operations from other
airlines at Haneda and Osaka Kansai airports. Completed
amortization of goodwill recorded on the acquisition of the pilot
training company Pan Am Holdings, Inc. (now a consolidated
subsidiary of ANA HD) in third quarter offset this improvement,
resulting in operating loss of Yen4.2 billion (operating profit of
9.0 billion last fiscal year) for FY2015.
In Domestic Travel Services, operating revenue was up on the
prior year due to an increase in the volume of bookings handled,
particularly for travel to Okinawa and Hokkaido. In Overseas Travel
Services, operating revenue was down on the prior year due to
factors including a decline in the number of bookings handled by
'ANA Hallo Tour' which was affected by the yen's ongoing
depreciation and terrorist attacks in Europe. Operating revenue
from travel to Japan increased over the prior year, particularly
from destinations Taiwan and China. As a result, operating revenue
was Yen167.3 billion (down 1.0% year-on-year) operating profit
Yen4.2 billion (down 6.0% year-on-year).
In Trade and Retail, operating revenue for the period was
Yen140.2 billion (up 10.4% year-on-year) and operating profit for
the period was Yen5.3 billion (up 30.6% year-on-year) due to solid
retail sales which were bolstered by the increase in foreign
visitors to Japan. Demand in the food business as well as the
aviation and electronics businesses ware also high.
In Others, building maintenance contributed a solid performance,
resulting in operating revenue of Yen33.7 billion (up 3.6%
year-on-year) and operating income of Yen1.6 billion (up 2.2%
year-on-year).
Outlook for FY2016 (April 2016 - March 2017)
Notwithstanding the risks associated with overseas economic
downturns and geopolitical incidents, including terrorism, the
outlook is expected to recover gradually, due to the ongoing
improvements in Japan's economy, supported by improved employment,
the income environment and the impact of government policies.
Under these economic conditions, ANA HD continues to implement
the FY2016-2020 ANA Group Corporate Strategy, which was formulated
in January, working to achieve our corporate vision of becoming the
"world's leading airline group".
ANA HD's core business, full-service carrier, will continue to
drive profitability through managing the supply-demand balance on
domestic routes, continuing to develop its Tokyo dual-hub airport
strategy and further expanding its international route network. In
addition, it will continue to strengthen brand recognition and
sales capability overseas. Furthermore, ANA HD will actively work
to expand its cargo and LCC businesses, while also improving
profitability from non-air businesses, aiming to build an optimum
business portfolio that can withstand volatility.
As a result of the above, the ANA HD consolidated business
outlook for FY2016 is as follows. Note that ANA HD plans to pay a
dividend of Yen6 per share.
Consolidated Financial Forecast unit: billion yen (rounded down)
Forecast FY2015 Difference
for FY2016
-------------
Operating revenues 1,810.0 1,791.1 +18.9
-------------------------- ------------- ---------- ------------
Operating income 145.0 136.4 +8.6
-------------------------- ------------- ---------- ------------
Ordinary income 130.0 130.7 -0.7
-------------------------- ------------- ---------- ------------
Net income attributable
to owners of ANA
HD 80.0 78.1 +1.9
-------------------------- ------------- ---------- ------------
PLEASE SEE THE ATTACHED FILE MORE DETAILS.
http://www.rns-pdf.londonstockexchange.com/rns/6515W_1-2016-4-28.pdf
Contact :
Corporate Communications, ANA HOLDINGS, +81-3-6735-1111,
publicrelations@ana.co.jp
About ANA HOLDINGS INC.
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ANA HOLDINGS is an aviation group with global operations and a
total of 62 consolidated subsidiaries and 18 equity method
affiliates. It is divided into passengers and cargo services
segments as well as airline related business such as Catering and
IT Services. ANA HD formed in April 2013 and is the parent company
of ANA; full service carrier and Vanilla Air; LCC. ANA HD promotes
a multi-brand strategy to leverage the strength of ANA brand and
stimulate demand in markets not completely covered by its
full-service airline offering, while expanding market share for the
Group as a whole, leading to enhanced value. ANA has about 250
aircraft flying to 90 destinations and carrying about 47 million
passengers. ANA is the largest airline in Japan by revenues and
passenger numbers. ANA is a member of Star Alliance. Management
vision of ANA HD is "It is our goal to be the world's leading
airline group in customer satisfaction and value creation."
This information is provided by RNS
The company news service from the London Stock Exchange
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