IR Financial Highlights

Consolidated Operating Results

Units: 100 mil. yen

  FY2015 FY2016 FY2017 FY2018 FY2019
Operating Revenue 13,366 12,889 13,832 14,872 14,112
Operating Expense 11,274 11,186 12,086 13,111 13,105
Operating Profit 2,091 1,703 1,745 1,761 1,006
Operating Profit margin 15.7% 13.2% 12.6% 11.8% 7.1%
Net Income *1 1,744 1,641 1,354 1,508 534
EBITDA *2 2,977 2,661 2,854 3,002 2,386
EBITDAR *3 3,211 2,862 3,054 3,201 2,602

* 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

Consolidated Financial Position

Units: 100 mil. yen

  FY2015 FY2016 FY2017 FY2018 FY2019
Total Assets 15,789 17,287 18,542 20,303 18,593
Shareholders' Equity 8,430 9,720 10,603 11,651 10,948
Shareholders' Equity Ratio 53.4% 56.2% 57.2% 57.4% 58.9%
Interest-Bearing Debt 926 1,160 1,257 1,423 1,917

* Amounts are rounded down.

Consolidated Cash Flows

Units: 100 mil. yen

  FY2015 FY2016 FY2017 FY2018 FY2019
Cash flows from operating activities 3,123 2,531 2,815 2,967 600
Cash Flow from Investing Activities *4 (2,072) (2,155) (1,801) (1,863) (2,215)
Cash flows from financing activities (496) (535) (558) (370) (301)

* Amounts are rounded down.

*4 Exclude deposits and withdrawals from deposit accounts

Rating Information

Announcement Date: April 9, 2020

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