ANA Announces Recording of Extraordinary Gain and Revision of Performance Forecast for the Fiscal Year Ended March 31, 2007.Tokyo Tokyo (tō`kēō), city (1990 pop. 8,163,573), capital of Japan and of Tokyo prefecture, E central Honshu, at the head of Tokyo Bay. , Japan, Apr 16, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - On April 13, ANA concluded an agreement for the transfer of the shares and assets of hotel-related subsidiaries. Following consultations with its independent auditors Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. , ANA recorded a reversal to extraordinary gain of the allowance for bad debt related to those subsidiaries (about 7.0 billion yen) and applied tax effect accounting principles to the valuation loss on the transferred shares (about 4.0 billion yen). As a result, ANA has revised its non-consolidated performance forecast for the fiscal year ended March 31, 2007, as indicated below. The consolidated performance forecast is currently being reconsidered, and a notice will be provided when those figures are determined. 1. Revision of non-consolidated performance forecast Non-consolidated performance forecast for the fiscal year ended March 31, 2007 (April 1, 2006, to March 31, 2007)
(Millions of yen)
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Operating Operating Recurring Net
Revenues Profit Profit Income
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Previously forecast (A) 1,290,000 74,000 44,000 19,000
(Announced Jan 31, 2007)
Revised forecast (B) 1,290,000 74,000 44,000 30,000
Difference (B-A) 0 0 0 11,000
Difference (%) 0 0 0 57.9
Previous Full Year 1,171,088 69,587 50,813 28,137
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About All Nippon Nippon (nĭp`ŏn, nĭpŏn`), name for Japan, derived from Dai Nippon, meaning Great Japan. The expression comes from the Chinese ideograph for the place where the sun comes from, or Land of the Rising Sun. Awys Ltd. Airline of the Year for 2007*, ANA is the seventh largest airline in the world by passenger load (IATA IATA International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals. ranking), carrying almost 50 million passengers every year to 50 destinations in Japan and 24 cities throughout Asia, Europe and the US on its fleet of 207 aircraft. Thanks to its membership of Star Alliance, the world's foremost airline alliance, ANA passengers enjoy access to a network of over 841 airport destinations in 147 countries, and reciprocal Bilateral; two-sided; mutual; interchanged. Reciprocal obligations are duties owed by one individual to another and vice versa. A reciprocal contract is one in which the parties enter into mutual agreements. benefits such as mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his accrual accrual, n continually recurring short-term liabilities. Examples are accrued wages, taxes, and interest. and redemption and lounge access. (*Air Transport World magazine's Airline Achievement Awards.) For more information, please visit http://www.ana.co.jp. Source: All Nippon Awys Ltd. Contact: ANA Rob Henderson Public Relations Tel: +81-3-5756-5683 Email: r.henderson@ana.co.jp Website: http://www.ana.co.jp/eng/index.html Copyright [c] 2007 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K. |
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