ANA Reports Profitable Start to 2007; Record Revenue and Net Profit at the End of the First Quarter.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, July 31, 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) - ANA Group today reported record consolidated revenue of almost JPY JPY In currencies, this is the abbreviation for the Japanese Yen. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 350 billion, and a record net profit of JPY 87 billion for the first quarter of fiscal year 2007, ended June 30. ANA Group consists of airlines, travel, and other businesses, and at the end of the last financial year also owned and operated a chain of hotels. Within the airline segment, increased revenues were posted for both domestic and international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , compared with the same period in the previous year, despite greater competition in the aviation market. The disposal of ANA's hotel business on June 1 this year and its removal from the balance sheet had no negative impact on this quarter's consolidated revenue, which in fact exceeded that of 2006. The extraordinary gain arising from the disposal of the hotels contributed to a record net profit, allowing ANA to improve its financial base and reduce its debt to equity ratio The debt to equity ratio (D/E) is a financial ratio indicating the relative proportion of equity and debt used to finance a company's assets. It is equal to total debt divided by shareholders' equity. to 1.3 times. However, the high price of jet fuel added approximately JPY 11.1 billion to costs, despite ANA's best efforts to curb them elsewhere, squeezing recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. profit and operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. . Consolidated Financial Performance
(billions yen)
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FY 2007 Q1 FY 2006 Q1 Diff. %
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Revenue 349.6 345.2 4.3 1.3
Operating costs 336.3 325.6 10.7 3.3
Operating profit 13.2 19.5 (6.3) (32.3)
Non-operating revenue (6.4) (5.0) (1.3) --
Recurring profit 6.8 14.4 (7.6) (53.0)
Extraordinary profit 132.3 (0.9) 133.3 --
Net profit 87.3 7.6 79.6 1,037.2
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Performance by business segment (consolidated)
(billions yen)
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FY 2007 Q1 FY 2006 Q1 Difference
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Op. Op. Op.
Rev. profit Rev. profit Rev. profit
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Air transport 305.9 12.1 287.8 17.4 18.1 (5.2)
Travel 46.6 0.1 45.1 0.3 1.5 (0.1)
Hotel -- -- 16.2 1.0 (16.2) (1.0)
Others 47.7 0.9 45.9 0.6 1.8 (0.3)
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Domestic Air Transport Competition grew fiercer during the period under review, and demand for domestic travel fell slightly compared with the previous year, a fact attributed to elections held in Japan in April. However, effective yield management, and a 4.7% increase in unit price, meant that domestic revenue actually grew 1.4% year-on-year. Domestic Air Transport Performance
(billions yen)
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2007 Q1 2006 Q1 Diff. %
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Revenue 169.7 167.3 2.3 1.4
No of passengers (x1,000) 10,757 11,107 (350) (3.1)
Available Seat km (millions) 15,476 15,270 206 1.3
Revenue Passenger km (millions) 9,299 9,630 (332) (3.4)
Load factor (%) 60.1 63.1 (3.0) --
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International Air Transport Passenger numbers and unit price increased throughout the period, buoyed by demand for business travel. North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. routes performed particularly well, including Tokyo-Chicago, which was launched in October last year. Increased passenger numbers were also reported on routes to China. All in all, ANA's international network performed strongly, with revenue growth outstripping growth in capacity as measured in Available Seat Kilometers (ASKs). International Air Transport Performance
(billions yen)
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2007 Q1 2006 Q1 Diff. %
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Revenue 76.3 65.0 11.3 17.4
No of passengers (x1,000) 1,153 1,092 62 5.6
Available Seat km (millions) 7,023 6,457 566 8.8
Revenue Passenger km (millions) 5,167 4,923 243 4.9
Load factor (%) 73.6 76.2 (2.6) --
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Cargo International cargo services performed particularly well, with revenue and loads carried increasing by 20% or more. This can be attributed to significantly greater capacity, and an improved network, in line with the introduction of new aircraft, including those on wet lease from ABX ABX Antibiotics ABX Airborne Express ABX Abstracting ABX Albury, New South Wales, Australia - Albury (Airport Code) ABX Automatic Branch Exchange ABx Non-Antibiotics ABX Asset Backed Securities Index ABX Acoustic Bass Extension of the USA. Although competition increased on the domestic front, revenues remained at almost the same level as the previous year. Cargo Performance
(billions yen)
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2007 Q1 2006 Q1 Diff. %
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Domestic
Revenue 7.3 7.3 0.0 0.5
Freight carried (1,000 tonnes) 108 108 0 0.4
Tonne Kilometer (mil) 105 104 0 0.3
International
Revenue 16.7 13.8 2.8 20.4
Freight carried (1,000 tonnes) 78 62 16 26.3
Tonne Kilometer (mil) 380 282 98 34.6
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Outlook for FY2007 ANA expects healthy growth for both international cargo and international passenger operations as it continues to add capacity to its network. On the domestic front, it will persevere per·se·vere intr.v. per·se·vered, per·se·ver·ing, per·se·veres To persist in or remain constant to a purpose, idea, or task in the face of obstacles or discouragement. with efforts to spur demand for travel within Japan, and expects passenger numbers to return to former levels as the year progresses, despite increased competition at home. The price of jet fuel will continue to squeeze profits, within expected limits, and as such no revision will be made to the forecast given at the end of the last fiscal year.
(billions yen)
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FY 2007 FY 2006
full year forecast full year results Difference
Revenue 1,490.0 1,489.6 0.4
Operating profit 79.0 92.1 (13.1)
Recurring profit 46.0 62.5 (16.5)
Net profit 64.0 32.6 31.4
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ANA Group airlines comprise: All Nippon Airways airways Anatomy The 'pipes'–trachea, bronchi, bronchioles–through which air passes to and from the alveoli. See Small airways. (ANA), Air Nippon
Air Nippon ( (ANK ANK Ankara (Turkey) ANK Attempted, Not Known ANK Alphanumeric Keyboard ANK Anunaki (ancient Sumerian Gods) ) Air Japan (AJX), Air Nippon Network Air Nippon Network (IATA: EH, ICAO: AKX, and Callsign: ALFA WING) [1], or A-net, is an airline based in Sapporo, Hokkaidō, Japan. It operates feeder services for parent Air Nippon, itself a subsidiary of All Nippon Airways (ANA). (A-Net), Air Central (CRF CRF abbr. chronic renal failure CRF Chronic renal failure ). About All Nippon Awys Ltd. All Nippon Airways (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : 9202), or 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) and Japan's largest domestic carrier. It is listed on the Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. with a market capitalisation Noun 1. market capitalisation - an estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share market capitalization of US$8.1bn (JPY932bn) as of 29 Sep 2006. Carrying almost 50 million passengers every year to 50 destinations in Japan and 23 cities throughout Asia, Europe and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , ANA is recognized for outstanding passenger service both on the ground and in the air. In the greatest Japanese tradition of mixing hospitality with high technology, personalised Adj. 1. personalised - made for or directed or adjusted to a particular individual; "personalized luggage"; "personalized advice" individualised, individualized, personalized a la carte service complements state-of-the-art entertainment systems and the latest in cabin design. ANA has been in the airline business for over 50 years, and combined with ANA Group companies, its activities extend across a host of complete travel and aviation-related services. For more information, please visit www.ana.co.jp. Source: All Nippon Awys Ltd. Contact: ANA Public Relations Rob Henderson Tel: +81-3-5756-5683 Email: r.henderson@ana.co.jp Website: http://www.ana.co.jp/eng/index.html Japan Corporate News Network. All rights reserved. |
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