Tag: "BusinessResult"

KNT-CT will issue preferred share to its parent company Kintetsu Group Holdings and others to raise 40 billion JPY in total to avoid excessive debt, posting net loss of 14.8 billion JPY for FY2021.

JAL posted the largest deficit of 286.6 billion JPY for FY2020 ended March 31 2021 since the bankruptcy in 2010, as it reduced international passenger revenue by 67.2% and domestic passenger revenue by 67.2%.

Hit by COVID-19 pandemic, ANA Holdings fell into record-high deficit of 404.6 billion JPY for the full year of FY2020, but it is expected to ensure net profit of 3..5 billion JPY for FY2021, hoping domestic flight demand will recover to a normal level in the end of FY2021.

Sales of 46 major travel companies reduced by 85.9% year on year to 42.6 billion JPY in total in February 2021 amid the second declaration of a state of emergency. Sales of domestic travel were down by 76.6% to 39.1 billion JPY.

HIS continued posting worse financial results for Q1 of FY2021 (November 1 2020 to January 31 2021), posting net loss of 8 billion JPY, and announced to give up shifting to a holding company system in November 2021 originally to survive the current challenging situation.

Sales of domestic travel of 47 major travel companies in Japan were down by 38% to 128.1 billion JPY, worsening from a 25.8% reduction in November 2020, due to tentative suspension of Go To Travel’ nationwide amid a re-increase in COVID-19 cases.

KNT-CT Holdings announced that it had liabilities exceeding it’s assets by 3.5 billion JPY as of the end of December 2020, sufferring a large scale of cancellations since the the third wave of COVID-19 hit Japan beginning in November.

ANA Holdings announced the business results for the first none months of FY2020 ended December 31 2020, posting the most net loss ever of 309.5 billion JPY even though the airline benefitted 34 billion JPY from Go To Travel program. Forecast of net loss of 510 billion JPY for the full year is unchanged.

Sales of 47 major travel companies reduced by 55.5% year on year to 198.8 billion JPY in total in November 2020, and sales of domestic travel were still down by 25.8% to 193.2 billion JPY, however, the monthly reduction rate improved from 38.7% in October.

Sales of 47 major travel companies reduced by 65.7% year on year to 155.6 billion JPY in total in October 2020. Domestic travel were down by 38.7% to 151 billion JPY, improving from from a 62.8% reduction in September, boosted by ‘Go To Travel' that has included Tokyo in October.

HIS will reduce its retail stores in Japan from 259 to 212 in the end of FY2020 and to 154 in Q1 of FY2021, as it posted net loss of 25 billion JPY for the full year of FY2020 ended October 31 2020. Chairman Sawada said “We are trying to regain profit in the latter half of FY2021.”

Posting record-high half-year deficit due to COVID-19, JTB is cutting 6,500 jobs and cost of 140 billion JPY and shutting 25% of all retail stores in Japan (115 stores) to survive the ongoing crisis and also is leveraging the domestic dynamic package business.

ANA has decided to transform its business model drastically to survive the today's crisis, launching a new LCC brand for middle-range international services and building a new platform business by dividing ANA Sales. Final net loss for FY2020 ended March 31 2021 is expected to reach 510 billion JPY.

HIS suffered from large decreases in revenue and profits in the third quarter of FY2020 (November 1 2019 to July 31 2020), as the main travel business decreased operating revenue by 32.5% to 3346 billion JPY and fell into operating loss of 12 billion JPY from operating profit of 8.2 billion JPY a year ago.

Sales of 48 major travel companies unprecedentedly reduced by 87.4% year on year to 52.2 billion JPY in total in July 2020, but the monthly reduction rate, however, improved from 97.6% in May and 92.9% in June.

HIS continued struggling for a survive from the pandemic crisis, as it considerably reduced transaction volume by 97% year on year to 1,150 million JPY in July 2020.

JAL ended the 1st quarter of FY2020 ended Kune 30 2020 with net loss of 93.7 billion JPY due to unprecedented cancellations and reductions of flights amid the COVID-19 crisis, expecting passenger revenue will reduce by 55% to 65% for the full fiscal year.

ANA Holdings posted operating loss of 159 billion JPY and net loss of 109 billion JPY for the first quarter of FY2021 ending June 30 2020, unprecedentedly reducing both domestic and international passengers under the COVID-19 crisis.

When HIS announced half-year financial results for FY2020, it revealed one-third of all street shops will be closed, and puts priority on ensuring liquidity to survive the COVID-19 crisis.

JTB announced large reductions in consolidated sales and profits for FY2019 , hit by COVID-19 in the last quarter, but ensured a surplus of 1.6 billion JPY from loss of 15.1 billion JPY in FY2018.