Worth reading
81Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
35.7
¥100 millionWording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationQ3 FY202610 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥271.26 100 million+35.4%
Operating profit¥35.68 100 million +18.0%before impairment losses and other items
Net income¥21.84 100 million +34.7%profit for the year attributable to owners of the parent
Selling, general and administrative expenses¥11.9 100 million/month, monthly SG&A expenses in FY26.3Q
Operating profit margin13.1% (before impairment losses and other items), down from 15.0% in the year-earlier period. After impairment losses and other items, 11.6%, down from 13.4% in the year-earlier period
Results for the three months of the current quarterTransaction volume of ¥93.141 billion, revenue of ¥27.126 billion, gross profit of ¥13.956 billion, operating profit of ¥3.568 billion (before impairment losses and other items), operating profit of ¥3.170 billion (after impairment losses and other items), and profit for the period attributable to owners of the parent of ¥2.184 billion
Full-year earnings forecast
Transaction volume
¥1,350 100 million
Revenue
¥340 100 million
Operating profit
¥15 100 million after impairment losses and other items
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Transaction volume69.0%
Revenue79.8%
Operating profit211.3%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Generally progressing in line with the full-year forecastBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Operating profit before impairment losses and other items
Online travel+¥105 million
Inbound Tourism+¥31 million
IT development+¥235 million
Investment+¥31 million
Other AirTrip economic zone businesses+¥142 million
Total+¥544 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Transaction volume¥135.0 billion
Take rateExpected to remain at the same level as in FY25.9
Variable costs as a percentage of gross profitAt the same level as in FY25.9
Fixed CostsApproximately 110% of FY25.9
Fixed SG&A expensesExpected to increase by approximately 10% year on year
New initiatives
- Investment to expand hotel, Shinkansen, rental car and highway bus offerings, and UI/UX improvements
- Launch of a beauty franchise business through the acquisition of SPEED spring as a subsidiary
- Reaching 800 paid members of the AirTrip CXO Salon and holding AirTrip Fest 2026
- Increase in the emergency contact allowance
- Introduction of the bluedrop cancer risk assessment kit
- Participation as a supporting organization in the ICT Startup League
- Promoting women's participation in the workforce and communicating role models externally
- Share Repurchases
Key KPIsA metric the company considers important as a management benchmark.
- Transaction Value¥931 100 millionYear on year against the same period last year107.0%
- B2B business ARR¥13.7 100 millionYear on year against the same period last yearRapid expansion
- Number of M&A and capital and business alliances7 EngagementsYear on year against the same period last year±0 deals
- Number of AirTrip CVC portfolio companies155 companiesYear on year against the same period last year+12 companies
- Number of AirTrip CVC portfolio companies conducting IPOs during the current fiscal year1 EngagementsYear on year against the same period last year-3 deals
- Number of paid members of the AirTrip CXO Salon800 companies
- Number of foreign visitors to Japan3,211 10,000 peopleYear on year against the same period last year101.9%
- Ranking among major travel agencies7 rank
Segment results
Online travel
Transaction volume¥654.38 100 million
Revenue¥129.89 100 million
Operating profit before impairment losses and other items¥20.23 100 million
Operating profit after impairment losses and other items¥20.13 100 million
Operating profit in the year-earlier period, before impairment losses and other items¥19.18 100 million
Inbound Tourism
Transaction volume¥92.03 100 million
Revenue¥29.55 100 million
Operating profit before impairment losses and other items¥2.97 100 million
Operating profit after impairment losses and other items¥2.97 100 million
Operating profit in the year-earlier period, before impairment losses and other items¥2.66 100 million
IT development
Transaction volume¥53.62 100 million
Revenue¥53.62 100 million
Operating profit before impairment losses and other items¥1.62 100 million
Operating profit after impairment losses and other items¥1.62 100 million
Operating profit in the year-earlier period, before impairment losses and other items¥-0.73 100 million
Investment
Transaction volume¥6.72 100 million
Revenue¥6.72 100 million
Operating profit before impairment losses and other items¥6.56 100 million
Operating profit after impairment losses and other items¥2.68 100 million
Operating profit in the year-earlier period, before impairment losses and other items¥6.25 100 million
Other AirTrip economic zone businesses
Transaction volume¥124.63 100 million
Revenue¥51.46 100 million
Operating profit before impairment losses and other items¥4.28 100 million
Operating profit after impairment losses and other items¥4.28 100 million
Operating profit in the year-earlier period, before impairment losses and other items¥2.86 100 million
Medium-term management plan targets
AirTrip 5000
Group consolidated transaction volume¥500.0 billion
Operating profit¥5.0 billion by FY28.9 (before impairment losses and other items), followed by ¥10.0 billion (before impairment losses and other items)
Market Size / Share
Transaction volume of major travel agenciesAirTrip ranked 7th, with transaction volume of ¥7,694,746 thousand in May 2026
Number of foreign visitors to JapanMore than 32.11 million
Acquisition of treasury shares
Maximum number of shares to be acquired2,500,000 shares
Maximum acquisition amount¥1.74 billion
Acquisition period18 May 2026 to 30 September 2026
Share buyback results as of 31 July 2026872,400 shares, ¥720 million
Gross profit
51.4%, up year on year (gross profit of ¥13.956 billion, 119.6% of the year-earlier period)| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Q3 FY2026 |
| Net Sales | ¥271.26 100 million (YoY +35.4%) |
| Operating profit | ¥35.68 100 million (before impairment losses and other items) (YoY +18.0%) |
| Net income | ¥21.84 100 million (profit for the year attributable to owners of the parent) (YoY +34.7%) |
| Gross profit | 51.4%, up year on year (gross profit of ¥13.956 billion, 119.6% of the year-earlier period) |
| Operating profit margin | 13.1% (before impairment losses and other items), down from 15.0% in the year-earlier period. After impairment losses and other items, 11.6%, down from 13.4% in the year-earlier period |
| Selling, general and administrative expenses | ¥11.9 100 million/month, monthly SG&A expenses in FY26.3Q |
| Results for the three months of the current quarter | Transaction volume of ¥93.141 billion, revenue of ¥27.126 billion, gross profit of ¥13.956 billion, operating profit of ¥3.568 billion (before impairment losses and other items), operating profit of ¥3.170 billion (after impairment losses and other items), and profit for the period attributable to owners of the parent of ¥2.184 billion |
| Full-year earnings forecast | Transaction volume ¥1,350 100 million / Revenue ¥340 100 million / Operating profit ¥15 100 million (after impairment losses and other items) |
| Progress against full-year forecast | Transaction volume 69.0% / Revenue 79.8% / Operating profit 211.3% |
| Self-assessment against the plan | Generally progressing in line with the full-year forecast |
| Segment results | Online travel Transaction volume ¥654.38 100 million / Revenue ¥129.89 100 million / Operating profit before impairment losses and other items ¥20.23 100 million / Operating profit after impairment losses and other items ¥20.13 100 million / Operating profit in the year-earlier period, before impairment losses and other items ¥19.18 100 million / Inbound Tourism Transaction volume ¥92.03 100 million / Revenue ¥29.55 100 million / Operating profit before impairment losses and other items ¥2.97 100 million / Operating profit after impairment losses and other items ¥2.97 100 million / Operating profit in the year-earlier period, before impairment losses and other items ¥2.66 100 million / IT development Transaction volume ¥53.62 100 million / Revenue ¥53.62 100 million / Operating profit before impairment losses and other items ¥1.62 100 million / Operating profit after impairment losses and other items ¥1.62 100 million / Operating profit in the year-earlier period, before impairment losses and other items ¥-0.73 100 million / Investment Transaction volume ¥6.72 100 million / Revenue ¥6.72 100 million / Operating profit before impairment losses and other items ¥6.56 100 million / Operating profit after impairment losses and other items ¥2.68 100 million / Operating profit in the year-earlier period, before impairment losses and other items ¥6.25 100 million / Other AirTrip economic zone businesses Transaction volume ¥124.63 100 million / Revenue ¥51.46 100 million / Operating profit before impairment losses and other items ¥4.28 100 million / Operating profit after impairment losses and other items ¥4.28 100 million / Operating profit in the year-earlier period, before impairment losses and other items ¥2.86 100 million |
| Breakdown of Factors Affecting the Change | Operating profit before impairment losses and other items Online travel +¥105 million / Inbound Tourism +¥31 million / IT development +¥235 million / Investment +¥31 million / Other AirTrip economic zone businesses +¥142 million / Total +¥544 million |
| Key KPIs | Transaction Value ¥931 100 million, B2B business ARR ¥13.7 100 million, Number of M&A and capital and business alliances 7 Engagements, Number of AirTrip CVC portfolio companies 155 companies, Number of AirTrip CVC portfolio companies conducting IPOs during the current fiscal year 1 Engagements, Number of paid members of the AirTrip CXO Salon 800 companies, Number of foreign visitors to Japan 3,211 10,000 people, Ranking among major travel agencies 7 rank |
| Assumptions Underlying the Business Outlook | Transaction volume ¥135.0 billion / Take rate Expected to remain at the same level as in FY25.9 / Variable costs as a percentage of gross profit At the same level as in FY25.9 / Fixed Costs Approximately 110% of FY25.9 / Fixed SG&A expenses Expected to increase by approximately 10% year on year |
| Medium-term management plan targets | AirTrip 5000 Group consolidated transaction volume ¥500.0 billion / Operating profit ¥5.0 billion by FY28.9 (before impairment losses and other items), followed by ¥10.0 billion (before impairment losses and other items) |
| Acquisition of treasury shares | Maximum number of shares to be acquired 2,500,000 shares / Maximum acquisition amount ¥1.74 billion / Acquisition period 18 May 2026 to 30 September 2026 / Share buyback results as of 31 July 2026 872,400 shares, ¥720 million |
| Market Size / Share | Transaction volume of major travel agencies AirTrip ranked 7th, with transaction volume of ¥7,694,746 thousand in May 2026 / Number of foreign visitors to Japan More than 32.11 million |
| New initiatives | Investment to expand hotel, Shinkansen, rental car and highway bus offerings, and UI/UX improvements, Launch of a beauty franchise business through the acquisition of SPEED spring as a subsidiary, Reaching 800 paid members of the AirTrip CXO Salon and holding AirTrip Fest 2026, Increase in the emergency contact allowance, Introduction of the bluedrop cancer risk assessment kit, Participation as a supporting organization in the ICT Startup League, Promoting women's participation in the workforce and communicating role models externally, Share Repurchases |
Items this document does not state (11)
Ordinary incomeUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioCapital expendituresOrders received and order backlogKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.While the AirTrip travel business experienced slower growth and intensifying competition, the company cited strong performance across the inbound travel, IT development, investment and other AirTrip economic zone business segments, a low employee turnover rate and workforce stabilization resulting from human capital management, and expansion of its business portfolio through M&A and capital and business alliances.
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