IR Financial Highlights

Consolidated Operating Results

Units: 100 mil. yen

  FY2012 FY2013 FY2014 FY2015 FY2016
Operating Revenue 12,388 13,093 13,447 13,366 12,889
Operating Expense 10,435 11,425 11,650 11,274 11,186
Operating Profit 1,952 1,667 1,796 2,091 1,703
Operating Profit margin 15.8% 12.7% 13.4% 15.7% 13.2%
Net Income *1 1,716 1,662 1,490 1,744 1,641
EBITDA *2 2,762 2,495 2,655 2,977 2,661
EBITDAR *3 3,071 2,810 2,927 3,211 2,862

Consolidated Financial Position

Units: 100 mil. yen

  FY2012 FY2013 FY2014 FY2015 FY2016
Total Assets 12,166 13,401 14,733 15,789 17,287
Shareholders' Equity 5,650 6,902 7,764 8,430 9,720
Shareholders' Equity Ratio 46.4% 51.5% 52.7% 53.4% 56.2%
Interest-Bearing Debt 1,601 1,342 1,005 926 1,160

Consolidated Cash Flows

Units: 100 mil. yen

  FY2012 FY2013 FY2014 FY2015 FY2016
Cash flows from operating activities 2,648 2,479 2,611 3,123 2,531
Cash Flow from Investing Activities *4 (1,290) (1,667) (1,992) (2,072) (2,155)
Cash flows from financing activities (606) (619) (673) (496) (535)

* 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: July 7, 2017

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