IR Financial Highlights

Consolidated Operating Results

Units: 100 mil. yen

  FY2013 FY2014 FY2015 FY2016 FY2017
Operating Revenue 13,093 13,447 13,366 12,889 13,832
Operating Expense 11,425 11,650 11,274 11,186 12,086
Operating Profit 1,667 1,796 2,091 1,703 1,745
Operating Profit margin 12.7% 13.4% 15.7% 13.2% 12.6%
Net Income *1 1,662 1,490 1,744 1,641 1,354
EBITDA *2 2,495 2,655 2,977 2,661 2,854
EBITDAR *3 2,810 2,927 3,211 2,862 3,054

Consolidated Financial Position

Units: 100 mil. yen

  FY2013 FY2014 FY2015 FY2016 FY2017
Total Assets 13,401 14,733 15,789 17,287 18,542
Shareholders' Equity 6,902 7,764 8,430 9,720 10,603
Shareholders' Equity Ratio 51.5% 52.7% 53.4% 56.2% 57.2%
Interest-Bearing Debt 1,342 1,005 926 1,160 1,257

Consolidated Cash Flows

Units: 100 mil. yen

  FY2013 FY2014 FY2015 FY2016 FY2017
Cash flows from operating activities 2,479 2,611 3,123 2,531 2,815
Cash Flow from Investing Activities *4 (1,667) (1,992) (2,072) (2,155) (1,801)
Cash flows from financing activities (619) (673) (496) (535) (558)

* Amounts are rounded down.

*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: May 17, 2019

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