ANAANA HOLDINGSINC.9202東証プライム空運業FY ending Mar 2026, consolidated, J-GAAP

ANA FY ending Mar 2026 results

About 90% of ANA's sales come from Air Transportation, with Trade and Retail and Airline Related making up much of the rest.

Out of every ¥100 of sales, about ¥8 is left as operating profit.

Revenue changed +12.3% from the prior year, operating profit +10.6%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +12.3% · profit +10.6%, calculated from disclosed figures.

Operating leverage: 0.86× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: +12.3%¥2.26T → ¥2.54T
Gross profit: +11.0%¥418.3B → ¥464.5B
Operating income: +10.6%¥196.6B → ¥217.4B
Net income attributable to owners: +10.5%¥153B → ¥169.1B
Operating cash flow: +18.9%¥373B → ¥443.5B
Free cash flow: +54.7%¥117.1B → ¥181.2B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥2.54T, up +12.3% from ¥2.26T.
Operating income grew +10.6% to ¥217.4B and net income grew +10.5% to ¥169.1B; the company says all of these were record highs.
Operating cash flow rose +18.9% to ¥443.5B, and free cash flow after capital spending reached ¥181.2B, up +54.7%.

What drove the change

Strong inbound tourism and leisure travel lifted both international and domestic passenger traffic, and the new European routes did well
Nippon Cargo Airlines (NCA) became a consolidated subsidiary, adding its revenue
Fuel and labor costs went up, and ANA-brand international cargo revenue fell as demand for auto parts and e-commerce shipments weakened

Things to watch

Instability such as the Middle East and Ukraine conflicts or US-China tension could cut travel demand and force costly detours
An accident or other safety failure could keep customers away for a long time
If sustainable aviation fuel (SAF) stays scarce or expensive, spending on emission credits and other costs could rise

Annual Securities Report, 76th term (Apr 2025 - Mar 2026) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 76th term (Apr 2025 - Mar 2026) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

Where ¥100 of sales goes

For every ¥100 ANA sells, how much goes where, and how much is kept.

FY ending Mar 2026

Cost of sales: ¥82
SG&A: ¥10
Operating profit: ¥8
Net profit kept: ¥7

Annual margin trends

Gross margin18.3%

Operating margin8.6%

Net margin6.7%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Air Transportation¥2.28T
90%
Op. margin 9.7%Industry: Airlines
Trade and Retail¥132.9B
5%
Op. margin 5.7%Industry: Specialty Trading & Wholesale
Airline Related¥60.2B
2%
Op. margin 2.4%Industry: Airlines
Travel Services¥50.2B
2%
Op. margin -0.3%Industry: Travel Agencies
Other¥19.2B
1%
Op. margin 11.8%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第76期(2025/04/01－2026/03/31)
ID S100YKL42026-06-25Open
EDINET (FSA Japan)
有価証券報告書－第75期(2024/04/01－2025/03/31)
ID S100W7082025-06-26Open
EDINET (FSA Japan)
有価証券報告書－第74期(2023/04/01－2024/03/31)
ID S100TXYR2024-06-28Open
EDINET (FSA Japan)
有価証券報告書－第73期(2022/04/01－2023/03/31)
ID S100R7LB2023-06-28Open
EDINET (FSA Japan)
有価証券報告書－第72期(令和3年4月1日－令和4年3月31日)
ID S100OBMW2022-06-21Open
EDINET (FSA Japan)
有価証券報告書－第71期(令和2年4月1日－令和3年3月31日)
ID S100LVSH2021-06-30Open

Extracted from XBRL: 53 / Derived from other figures: 2

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