IR Financial Highlights

Consolidated Operating Results

Units: 100 mil. yen

  FY2011 FY2012 FY2013 FY2014 FY2015
Operating Revenue 12,048 12,388 13,093 13,447 13,366
Operating Expense 9,998 10,435 11,425 11,650 11,274
Operating Profit 2,049 1,952 1,667 1,796 2,091
Operating Profit margin 17.0% 15.8% 12.7% 13.4% 15.7%
Net Income *1 1,866 1,716 1,662 1,490 1,744
EBITDA *2 2,861 2,762 2,495 2,655 2,977
EBITDAR *3 3,184 3,071 2,810 2,927 3,211

Consolidated Financial Position

Units: 100 mil. yen

  FY2011 FY2012 FY2013 FY2014 FY2015
Total Assets 10,876 12,166 13,401 14,733 15,789
Shareholders' Equity 3,885 5,650 6,902 7,764 8,430
Shareholders' Equity Ratio 35.7% 46.4% 51.5% 52.7% 53.4%
Interest-Bearing Debt 2,084 1,601 1,342 1,005 926

Consolidated Cash Flows

Units: 100 mil. yen

  FY2011 FY2012 FY2013 FY2014 FY2015
Cash flows from operating activities 2,566 2,648 2,479 2,611 3,123
Cash Flow from Investing Activities *4 (624) (1,290) (1,667) (1,992) (2,072)
Cash flows from financing activities (2,744) (606) (619) (673) (496)

* Amounts are rounded.

*1 Net income attributable to owners of the parent
*2 EBITDA = Operating Profit + Depreciation and Amortization
*3 EBITDAR = Operating Profit + Depreciation and Amortization + Aircraft Rent
*4 Exclude deposits and withdrawals from deposit accounts

Rating Information

Announcement Date: March 4, 2016

Rating and Investment Information, Inc. (R&I) Issuer Rating A- (Stable)
Japan Credit Rating Agency, Ltd. (JCR) Long-term Issuer Rating A- (Positive)