ANA Holdings

Airports & travel retail · 9202

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-07-29 · the filing

InboundANA-brand international passengers rose 14.3% to 2.36m and passenger revenue 20.0% to ¥247.6bn, with the load factor up 5.7 points to 85.1%; the company credits strong demand from visitors to Japan and Japanese leisure travel. Low-cost Peach carried 9.3% more people, 2.42m.
StoresIts trading arm, which runs ANA DUTY FREE SHOP duty-free stores and ANA FESTA airport shops, grew revenue 7.9% to ¥37.5bn as more people flew, the company says, with airport security equipment also up; higher staff costs cut its operating profit 19.8% to ¥1.07bn.
JapanANA-brand domestic passengers rose 3.9% to 10.64m but revenue only 1.1% to ¥163.6bn: the average fare fell 2.7% after a fare overhaul from 19 May and a new booking system. ANA expects fares to recover to plan in July–September.

Other callouts in the filing

One-offThe Middle East flare-up drove Singapore jet fuel to an average $182.5 a barrel, up 124.2%. ANA puts the quarter's net hit at ¥32.0bn — ¥71.0bn of extra fuel cost, partly offset by fares and surcharges, hedging and cost cuts — half what it had assumed.
OutlookANA kept its full-year forecast: revenue of ¥2,770.0bn (+9.1%), operating profit of ¥150.0bn (−31.0%) and net income of ¥96.0bn (−43.2%).

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

Q1 (Apr–Jun 2026) · Year-to-Date

Reported 2026-07-29

Revenue¥672.7bn+22.6%

Operating profit¥20.8bn−43.5%

Net income¥19.4bn−15.4%

ANA Holdings flies All Nippon Airways and low-cost Peach, and sells duty-free and airport goods through ANA DUTY FREE SHOP and ANA FESTA. In April–June 2026 revenue rose 22.6% to a first-quarter record ¥672.7bn, but a fuel-price spike cut operating profit 43.5% to ¥20.8bn and net income 15.4% to ¥19.4bn.