ANA Holdings revises full-year forecast upwards on strong performance

ANA Holdings increased its full-year consolidated revenue forecast for FY2026 to JPY2,480,000 million, up JPY110,000 million from the previous forecast, with operating profit revised to JPY200,000 million, a JPY15,000 million increase. Net profit attributable to owners of parent is now projected at JPY145,000 million, a JPY23,000 million rise. These revisions are attributed to lower fuel prices, a stronger yen, and the consolidation of Nippon Cargo Airlines Co., Ltd. (NCA) as a subsidiary from August 2025. The company will include NCA’s performance from July 1, 2025, in its consolidated statements, noting a significant contribution from this acquisition, including a special profit.

For the second quarter of FY2026 (April 1 to September 30, 2025), ANA Holdings reported consolidated revenue of JPY1,190,400 million, an 8.3% increase year-on-year, and operating profit of JPY97,628 million, a 9.9% decrease. Net profit attributable to owners of parent was JPY76,085 million, down 5.8%. Despite increased costs due to reduced fuel subsidies and investments in human capital, strong inbound and leisure demand for international and domestic passenger services, along with NCA's contribution to cargo revenue, bolstered the top line.

The company reaffirmed its dividend forecast of JPY60 per share for the fiscal year. Key assumptions for the revised forecast include a USD/JPY exchange rate of JPY150, Dubai crude oil at $75 per barrel, and Singapore kerosene at $90 per barrel, all unchanged from the previous announcement.