Continuous Securing of Operating Revenue

「Monthly operating revenue in the first quarter of the consolidated fiscal year exceeded the corresponding months of the previous year, partly due to the contribution from 40th-anniversary commemorative products. In particular, for overseas package tours sold in October, the number of participants increased 12% and the average travel price increased 5%, resulting in a substantial increase in revenue year on year.」

「営業収益に関しましては、米国等によるイラン攻撃に関連してツアーキャンセルがあったものの、旅行需要の着実な回復をとらえるとともに、当社40周年を記念した旅行商品による収益の上積みが寄与し、前回発表値を10.2％上回る2,502百万円となりました。」

「As a result, operating revenue for the current consolidated fiscal year was ¥4,787 million, up 4.1% year on year, and operating profit was ¥115 million, up 7.7% year on year.」

「As a result, operating revenue for the current interim consolidated period was ¥2,249 million, up 8.6% year on year, operating income was ¥24 million, up 333.4%, ordinary income was ¥32 million, up 129.1%, and interim net income attributable to owners of the parent was ¥30 million, up 184.2%, resulting in higher revenue and profit year on year.」

「As a result of these cumulative measures, operating revenue for the current consolidated fiscal year recovered to 80.3% of the level in the fiscal year ending September 2019, before the spread of COVID-19. Operating revenue in the most recent quarter, the fourth quarter of the current consolidated fiscal year, reached 97.5% of the corresponding period of the fiscal year ending September 2019.」

「As a result of these cumulative measures, operating revenue for the cumulative second quarter of the current consolidated fiscal year recovered to 80.0% of the corresponding period of the fiscal year ending September 2019, before the spread of COVID-19. Operating profit also turned positive.」

「For the first time since the spread of COVID-19, we were able to begin a new consolidated fiscal year without restrictions on entering or leaving the country. As a full-scale recovery in overseas travel sales is expected, we increased advertising expenses and actively pursued hiring, while monitoring the impact of increasing instability in the Middle East and other factors on overseas travel demand.」

「As the spread of COVID-19 subsided, government border-control measures were eased, and overseas travel demand began to recover as a result.」

「Using aircraft flight as an analogy for the subsequent recovery in our consolidated earnings, the first quarter of the consolidated fiscal year was the stage at which the resumption of overseas travel initiated the buildup toward a recovery in operating revenue. The second quarter was the stage at which the recovery in operating revenue accelerated, while the third quarter was the stage at which the aircraft had taken off and was gaining altitude. Specifically, operating revenue recovered to 34.1% in the first quarter, 39.5% in the second quarter and 53.5% in the third quarter compared with the corresponding periods of the fiscal year ending September 2019, before the spread of COVID-19, and recovered to 43.7% for the cumulative third quarter. Operating revenue in June 2023 was 86.1% of the level in June 2019.」

「If the first quarter of the consolidated fiscal year was the stage at which momentum began to build toward a full-scale recovery in overseas travel, the second quarter was the stage at which the recovery accelerated. In other words, as travel bookings increased, consolidated operating cash flow turned positive in the cumulative second quarter. Consolidated operating revenue for the same period also recovered to 37.0% of the level before the spread of COVID-19, compared with the cumulative second quarter of the fiscal year ending September 2019.」

「Our group resumed group overseas tours in July 2022 after suspending them due to the spread of COVID-19. The first quarter of the current consolidated fiscal year can be described as the stage at which the company began to build momentum toward a full-scale recovery in overseas travel. Domestic travel sales also reached a record high in November, helped by the government’s nationwide travel assistance program and other factors. As a result, operating revenue for the first quarter of the current consolidated fiscal year was ¥409 million, an increase of 231.9% year on year.」

「We resumed soliciting group overseas tours and operated our first overseas tour since the spread of COVID-19 in July 2022. Assuming a recovery in overseas travel, we expect operating revenue to return approximately to pre-COVID-19 levels from the fiscal year ending September 2024 onward.」

「Under these conditions, our group began soliciting bookings for overseas travel. Overseas travel sales are expected to begin emerging gradually from the fourth quarter of the consolidated fiscal year.」

「The company assumes that overseas travel will become possible in a form close to normal in the first half of 2022 and that operating revenue will return approximately to pre-COVID-19 levels from the fiscal year ending September 2024 onward. It expects that the recovery of operating revenue and operating profit for the group will also take time. We will continue working to restore operating revenue and operating profit.」

「We will continue working to restore operating revenue and operating profit.」

「Although uncertainty remains regarding overseas travel demand due to instability overseas, we will continue working to secure operating revenue.」

「Although uncertainty remains regarding overseas travel demand due to instability overseas, we will continue working to secure operating revenue.」

「Although uncertainty remains regarding overseas travel demand due to instability overseas, we will continue working to secure operating revenue.」

「Although we remain in an environment where demand continues to decline due to increasing instability in overseas conditions, we will continue working to secure operating revenue.」