AirTrip’s net income for the previous fiscal year fell 29% year on year. For the current fiscal year, the company expects net income of ¥1,263 million and has indicated plans to increase its dividend per share by ¥10.
For the previous fiscal year, AirTrip reported net sales of ¥26,571 million, operating income of ¥2,368 million, ordinary income of ¥1,910 million and net income of ¥2,013 million. Net income was down 29.0% year on year.
For the current fiscal year, net sales are projected at ¥37,813 million, operating income at ¥2,616 million, ordinary income at ¥2,425 million and net income at ¥1,263 million. The revised dividend per share has been set at ¥160. The dividend is expected to increase by ¥10.
In terms of first-half performance, net sales increased 32.3% year on year, while some quarters turned loss-making. Over the three-month performance trend, net sales increased from the same period a year earlier, but the figures indicate that profitability remains an issue.
Points of focus going forward are expected to include the reasons behind the gap between the previous fiscal year’s results and the current fiscal year’s forecast, whether the dividend increase will be implemented, and the impact of performance trends over the three quarters on the full-year forecast.