Tag: "BusinessResult"

Travel consumption in Japan by Japanese travelers in Q3 of 2022 recovered to a 20% decrease before the pandemic

Travel consumption in Japan by Japanese travelers in Q3 of 2022 recovered to a 20% decrease before the pandemic

The total amount of Japanese travel consumption was up 131% year on year to 5.3 trillion JPY in the 3rd quarter of 2022, which improved from a 26.9% reduction in the previous quarter.
JTB doubled half-year sales with better results in domestic travel, BPO and MICE, expecting full-year profit

JTB doubled half-year sales with better results in domestic travel, BPO and MICE, expecting full-year profit

JTB increased sales for the first six months of FY2022 (April to September 2022) by 115% year on year to 386.3 billion JPY because of good recovery of domestic travel, BPO (business process outsourcing) and MICE and cost reduction efforts, expecting a final net profit for the full year of FY 2022 ended March 31 2023.
Domestic travel sales of 43 travel companies in Japan in September 2022 recovered to 80% of the 2019 level

Domestic travel sales of 43 travel companies in Japan in September 2022 recovered to 80% of the 2019 level

Sales of 43 major travel companies increased by 114.3% year on year to 227 billion JPY in total in September 2022. Sales in domestic travel were up 94.2% year on year to 186.5 billion JPY, which were down 21% compared to September 2019.
ANA achieved the first half-year profit for the past three years and has revised the full-year net income forecast upward to a 90% increase from the previous forecast

ANA achieved the first half-year profit for the past three years and has revised the full-year net income forecast upward to a 90% increase from the previous forecast

ANA posted net income of 19.6 billion JPY for the first half of FY2022 ended September 30 2022, the first half-year profit for the past three years. ANA has revised the full-year forecast upward.
JAL expects to achieve 45 billion JPY in black for the full year of FY2022, considerably shrinking deficits for the second half

JAL expects to achieve 45 billion JPY in black for the full year of FY2022, considerably shrinking deficits for the second half

JAL increased operating revenue was up 112.8% year on year to 618.5 billion JPY for the first half of FY2022 and considerably improved net loss from 104.9 billion JPY to 2.1 billion JPY. For the full year, it has still forecasted that net income of 45 billion JPY can be secured.
43 Japanese travel companies reduced sales in August 2022 by 60% compared to pre-pandemic, but saw a recovery sign in outbound travel

43 Japanese travel companies reduced sales in August 2022 by 60% compared to pre-pandemic, but saw a recovery sign in outbound travel

Sales of 43 major travel companies increased by 141.9% year on year to 194.2 billion JPY in total in August 2022. Sales in overseas travel were up 521.8% year on year to 34.3 billion JPY due to gradual restart of overseas travel package tours.
43 Japanese travel companies earned six times more sales in overseas travel than a year ago due to restart of package tours

43 Japanese travel companies earned six times more sales in overseas travel than a year ago due to restart of package tours

sales of 43 major travel companies increased by 60.5% year on year to 180.3 billion JPY in total in July 2022. Compared to July 2019, the reduction rate increased to 55.9% because of the 7th COVID-19 wave.
Ten lodging companies closed in July 2022, increasing year on year for four consecutive months

Ten lodging companies closed in July 2022, increasing year on year for four consecutive months

the number of lodging companies’ bankruptcies in July 2022 were 10, increasing year on year for four consecutive months. Total debts in July increased by 170.4% year on year to 1,647 million JPY.
JAL forecasts to end in the black for FY2022, expecting to recover international passengers to 45% of pre-COVID-19

JAL forecasts to end in the black for FY2022, expecting to recover international passengers to 45% of pre-COVID-19

JAL Group succeeded in increasing revenue and shrinking deficits considerably for FY2021 through its thorough cost reduction efforts and growth of the international cargo business. It has forecasted to end in the black for FY2022.
ANA Holdings considerably improved annual deficits for FY2021, expecting to make a profit for FY2022

ANA Holdings considerably improved annual deficits for FY2021, expecting to make a profit for FY2022

ANA Holdings ended FY2021 ending March 31 2022 with much better business results than a year ago, increasing sales and improving deficits, as a result of more thorough cost management to reduce fixed costs.
Sales of 1110 travel companies in Japan reduced to one-third of pre-pandemic, losing 2 trillion JPY

Sales of 1110 travel companies in Japan reduced to one-third of pre-pandemic, losing 2 trillion JPY

Sales of 1110 travel companies in Japan reduced by 71.2% to 724.2 billion JPY in total in 2021 from 2,519.7 billion JPY in 2020. Compared to 2019, the total shrank to one-third of 2,771 billion JPY.
JTB Group travel transactions reduced by 30% to 400 billion JPY in 2021 over 2019 despite well-recovery of domestic travel in December

JTB Group travel transactions reduced by 30% to 400 billion JPY in 2021 over 2019 despite well-recovery of domestic travel in December

Travel transactions of nine JTB Group companies were up 34.9% year on year to 398.1 billion JPY in 2021, but still down 30.1% compared to 2019 despite a 62.9% increase to 79.8 billion JPY in December 2021.
45 major travel companies of Japan recovered sales in total to nearly 50% of the 2019 level in December 2021

45 major travel companies of Japan recovered sales in total to nearly 50% of the 2019 level in December 2021

sales of 45 major travel companies increased by 31.6% year on year to 174 billion JPY in total in December 2021. Compared to two years ago, the result recover to a 54% decrease.
KNT-CT considerably improved sales for the first nine months of FY2021 due to an increase in non-travel businesses

KNT-CT considerably improved sales for the first nine months of FY2021 due to an increase in non-travel businesses

KNT-CT Holdings increased sales for the first nine months of FY2021 (April to December 2021) by 71.4% year on year to 104.9 billion JPY because it succeeded in increasing sales of non-travel businesses.
Bankruptcies of hotels and ryokans in Japan reduced in 2021, while the ratio of  interest-bearing debt to monthly sales exceeded 30 times

Bankruptcies of hotels and ryokans in Japan reduced in 2021, while the ratio of interest-bearing debt to monthly sales exceeded 30 times

According to Teikoku Data Bank survey, bankruptcies of hotels and ryokans in Japan reduced from 118 in 2020 to in 2021, but he ratio of interest-bearing debt to monthly sales rose largely to 30.13 times as of December 2021.
JAL Group dose not change yearly financial forecast despite uncertain influences by Omicron variant

JAL Group dose not change yearly financial forecast despite uncertain influences by Omicron variant

JAL Group announced better financial results for the first nine months of FY2021, boosted by well-recovery of domestic passenger demands and high international cargo operations.
ANA Holdings resulted in the first operating income in the last eight quarters, boosted by better domestic passenger and cargo

ANA Holdings resulted in the first operating income in the last eight quarters, boosted by better domestic passenger and cargo

ANA Holdings resulted in the first operating income in the last eight quarters, posting operating income of 100 million JPY for the Q3 of FY2021, boosted by domestic passenger flights and international cargos.
Sales of amusement and theme parks in Japan halved in the last fiscal year

Sales of amusement and theme parks in Japan halved in the last fiscal year

sales of 167 amusement and theme parks in Japan reduced by 50.5% year on year to 425.5 billion JPY in total in FY2020. Top profitable park was Oriental Land operating Tokyo Disney Resort with sales of 146 billion JPY.
Japanese travel companies still suffered from a 37.9% decrease in domestic travel sales in November 2021 compared to two years ago

Japanese travel companies still suffered from a 37.9% decrease in domestic travel sales in November 2021 compared to two years ago

Sales of 45 major travel companies decreased by 13.7% year on year to 170 billion JPY in total in November 2021. Sales in domestic travel were down 16.5% year on year to 160.9 billion JPY (down 37.9% over two years ago).
HIS doubled its annual deficit to the worst 50 billion JPY for FY2021, expecting overseas travel demand recovery next summer

HIS doubled its annual deficit to the worst 50 billion JPY for FY2021, expecting overseas travel demand recovery next summer

HIS posted a net loss of 50 billion JPY for FY2021 ended October 31 2021, doubling from the previous fiscal year. Hideo Sawada, HIS President said. “We expect that overseas travel demand may begin recovering the next summer.”