~Policy to implement a total of over 10 billion yen in dividends over three periods with a dividend payout ratio of 100% (calculated based on operating profit after tax
(before impairment, etc.))~
~Simultaneously announced the revision of the earnings forecast for the fiscal year
ending September 2026 and the dividend forecast (160 yen per share)~
We have formulated the "10th Anniversary of Listing Explanatory Material Regarding the 3-Year Shareholder Return Policy for the Fiscal Year Ending September 2026" and are pleased to announce the shareholder return policy for the 3-year period from the fiscal year ending September 2026 to the fiscal year ending September 2028. The 3-year period starting from the fiscal year ending September 2026 will be designated as the shareholder return period, and we plan to implement a total of over 10 billion yen in dividends over the three periods with a dividend payout ratio of 100% (calculated based on operating profit after tax (before impairment, etc.)).
Simultaneously, based on recent performance trends, we have revised the full-year consolidated earnings forecast for the fiscal year ending September 2026 (October 1, 2025 to September 30, 2026) announced on May 15, 2026, and have announced a dividend forecast of 160 yen per share for the year-end dividend (an increase of 150 yen from the previous fiscal year's 10 yen).
■ Regarding the "10th Anniversary of Listing Explanatory Material Regarding the 3-Year Shareholder Return Policy for the Fiscal Year Ending September 2026"
We position shareholder returns, including profit dividends to our shareholders, as an important management policy, and as a result of our proactive efforts toward impairment, etc., we have achieved a solid financial foundation and balance sheet. Furthermore, our basic policy has been to provide shareholder returns by retaining earnings to prepare for capital needs for long-term investments and by paying dividends stably.
We have now announced our shareholder return policy regarding the "plan to announce a return policy such as dividends during the current fiscal year," which was disclosed at the full-year financial results announcement in November 2025. This policy sets "operating profit (before impairment, etc.)" as the most important financial metric and aims to maximize shareholder value over the 3-year period.
As the first step in expanding shareholder returns for this fiscal year, we have executed a share buyback of approximately 2,400 million yen.
We have now decided on a shareholder return policy based on our medium- to long-term performance targets, and for the period from the fiscal year ending September 2026 to the fiscal year ending September 2028, during which we aim to achieve an operating profit (before impairment, etc.) of 5,000 million yen, we have decided to implement dividends with a "dividend payout ratio" of 100%, setting the annual dividend amount at 100% of operating profit after tax (before impairment, etc.). The 3-year period from the fiscal year ending September 2026 to the fiscal year ending September 2028 will be the shareholder return period, with a plan to implement a total of over 10,000 million yen in dividends.
From the fiscal year ending September 2029, we plan to enter an investment phase in our business, and we plan to return the dividend amount to the previous level of 10 yen per share. Additionally, following the abolition of the shareholder benefit program for the fiscal year ended September 2025, our policy is to consolidate shareholder returns into dividend-based returns from the fiscal year ending September 2026 onwards.
For details, please refer to the "10th Anniversary of Listing Explanatory Material Regarding the 3-Year Shareholder Return Policy for the Fiscal Year Ending September 2026" below.
10th Anniversary of Listing Explanatory Material Regarding the 3-Year Shareholder Return Policy for the Fiscal Year Ending September 2026
■ Regarding the Revision of Earnings Forecasts and Dividend Forecasts for the Fiscal Year Ending September 2026
1. Revision of Earnings Forecasts
(1) Revision of Consolidated Financial Forecast for the Fiscal Year Ending September 30, 2026 (from October 1, 2025 to September 30, 2026)
(Unit: million yen)
(2) Reasons for the Revision of Financial Forecast
Since the fiscal year ended September 30, 2024, the AirTrip Group has continued its third stage after listing, "AirTrip 'To the Next Stage'," and is promoting its medium- to long-term growth strategy "AirTrip 5000," with performance targets of achieving 5 billion yen in operating profit (before depreciation and amortization) by the fiscal year ending September 30, 2028, and subsequently aiming for 10 billion yen in operating profit (before depreciation and amortization).
Despite the impact of the external environment, including a further slowdown in growth and intensifying competition in the AirTrip Online Travel Business, each business segment following the AirTrip Online Travel Business has performed well and steadily, and we continue to steadily accumulate profits.
In the previous revision of the financial forecast (May 15, 2026), we had projected our performance taking into account growth investments in existing and new businesses, M&A and capital and business alliances for non-continuous growth, and the recording of impairment losses in the financial results. However, based on the progress made to date and future outlook, we have decided to revise our full-year financial forecast.
Starting with this financial forecast, we have newly added operating profit (before depreciation and amortization), which we position as our most important financial metric, as a reported figure.
2. Dividend Forecast
(1) Regarding Dividend Forecast
Based on the aforementioned revision of the financial forecast and the 3-year shareholder return policy announced today, we have decided to set the year-end dividend forecast per share for the current fiscal year at 160 yen, an increase of 150 yen from the previous fiscal year's 10 yen per share. This dividend forecast per share is calculated based on our policy of returning 100% of operating profit after tax (before depreciation and amortization) of 3,170 million yen, based on the aforementioned financial forecast.
(Note) The above financial and dividend forecasts are based on judgments and assumptions made using information available at this time, and actual results may differ from the forecasted figures due to various future factors.