JTB

The Japan read

From the company's own filing for Full year to March 2026 · reported 2026-05-29 · the filing ↗

• InboundInbound travel sales rose 21% to ¥75.2bn, the fastest growth among its travel lines, and travel between countries outside Japan rose 15% to ¥128.6bn. The company cites a record 42.68m foreign visitors to Japan.
• JapanDomestic travel, still its largest line, slipped 3% to ¥424.6bn, while outbound travel from Japan rose 9% to ¥243.9bn. Non-travel business — events and conferences (MICE), outsourcing, trading and publishing — grew 9% to ¥260.8bn.

Other callouts in the filing

• SegmentSegment operating profit rose in Tourism (¥13.9bn), Business Solutions (¥14.3bn), Global (¥6.8bn) and Area Solutions (¥4.0bn), but the loss in its corporate-functions segment widened to ¥26.3bn from ¥15.5bn. The company says it invested in specialist hiring, pay, a new finance system and AI.
• One-offOn 1 October 2025 it bought Northstar Travel Group, which it calls the world's largest B2B media company in tourism, for ¥55.8bn including costs, booking ¥38.2bn of goodwill to be amortised over 11 years; only its October–December 2025 results are included.
• OutlookFor the year to March 2027 it forecasts sales of ¥1,245.0bn (+9.9%) and operating profit, after goodwill amortisation, of ¥16.5bn (+13.5%).

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.