We are pleased to announce the announcement of financial results for the second quarter of the fiscal year ending September 30, 2023 for the 17th term.
Positioning this term as the 3rd term of the 2nd stage "Restart" after listing, by implementing the medium- to long-term growth strategy "AirTrip 5000" and the growth strategy for FY09/23 "AirTrip 'Restart'" from this term, consolidated transaction volume was 43.3 billion yen (220% year-on-year), consolidated sales were 11.5 billion yen (210% year-on-year), and operating income was 1.58 billion yen (108% year-on-year). We achieved year-on-year increases in revenues and profits.
The company has also made further upward revisions to its full-year forecasts, as it is performing well against the upwardly revised full-year forecasts announced during the second quarter of the year.
The revised full-year forecasts are net sales of 24 billion yen (176.6% year-on-year), operating profit of 3 billion yen (133.6% year-on-year) and net profit of 2 billion yen (116.7% year-on-year).
In the AirTrip Online Travel Business, boosted by the growing demand for domestic travel triggered by the nationwide travel support, we will steadily capture the growing demand for domestic travel by continuing AirTrip branding measures in various directions and strategic marketing investment to respond to the increase in travel demand, which drives the entire business portfolio as a pillar of earnings.
Existing business areas other than the AirTrip Online Travel Business [IT Off-shore Development Business, Inbound Travel Agency / Wi-Fi Rental Business, Media Business, Investment Business (AirTrip CVC), Regional Revitalization Business] are all performing well and steadily. We are promoting further business portfolio construction and strategically building and strengthening the “AirTrip Economic Zone”.
In particular, in the Investment Business (AirTrip CVC), Prime Strategy (stock code: 5250), in which we have invested, was listed on the Tokyo Stock Exchange Standard Market, making it the 12th IPO deal for our portfolio company. We also held the first AirTrip CVC event, the 'AirTrip CVC Award 2023'. We will continue to make the best use of our listing experience and know-how, by aggressive investment in niche growing areas with a high probability of IPO, aiming to generate further future returns by expanding and strengthening AirTrip Economic Zone.
In the future, we expect a further increase in domestic and international travel demand due to the transition to type 5 of the new coronavirus. AirTrip Group aims to achieve endless growth by increasing earnings in the AirTrip Online Travel Business through strategic marketing investments to meet travel demand based on new behavioral patterns, continuing growth in the five existing businesses outside the AirTrip Online Travel Business and building a strategic business portfolio.
Please see our IR page for details.