We are pleased to announce the announcement of financial results for the second quarter of the fiscal year ending September 30, 2024 for the 18th term.
We have positioned this fiscal year as the start of the third stage after listing, and under the medium- to long-term growth strategy "AirTrip 5000" and the growth strategy for FY24.9 "AirTrip 2024," we have achieved a significant increase in consolidated transaction volume and profit compared with the previous fiscal year, with consolidated sales of 55 billion yen (127% year-on-year), consolidated revenue of 12.4 billion yen (108% year-on-year), and operating income of 2 billion yen (127% year-on-year) for the second quarter of our fiscal year.
In the AirTrip Online Travel Business, the recognition gained during the "advertising investment phase" up to FY19.9, continued strategic marketing investment in line with increases and decreases in travel demand, improved convenience through UI/UX improvements, and various promotions have resulted in a steady uptake of domestic travel demand, continuing the strong performance of the previous fiscal year. As a result, the company is driving the entire business portfolio as a pillar of revenue.
Existing business areas other than 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, and Cloud Business] are generally performing well, and we are promoting further business portfolio building to strategically build and strengthen the "AirTrip Economic Zone".
In particular, in the Investment Business (AirTrip CVC）, Cocolive Inc. (Securities code: 137A), in which we invested, was listed on the Tokyo Stock Exchange Growth Market during 2Q and became the 17th IPO for our investee.
This was the third IPO for our portfolio companies this fiscal year, following Japan M＆A Solution Incorporated.(Securities code: 9236) and Value Creation Co., Ltd.(Securities code: 9238).
Under the FY24.9 growth strategy "AirTrip 2024," we are aggressively developing investments to achieve "AirTrip 5000" as early as possible.
Following the acquisition of BestReserve Co.,Ltd. as a subsidiary, AirTrip Agent Corp. as a wholly owned subsidiary, and the start of the "Human Solution Business," and the acquisition of northshore Inc. as a group company and the start of the "Creative Solution & DX Business," all of which took place in the 1Q, we have newly acquired GROWTH Co.,Ltd. as a subsidiary and launched our 11th business, the "Matching Platform Business."
In addition, we announced the "AirTrip Group's Promise," a basic policy to be followed by the AirTrip Group, to promote work style reforms and strengthen compliance.
Going forward, the AirTrip Group will promote the creation of a strategic business portfolio by launching at least one new business each year, and will strive for endless growth by achieving the mid to long-term growth strategy of "AirTrip 5000" and expanding operating income to 5 billion yen and 10 billion yen, respectively.
Please see our IR page for details.
https://www.airtrip.co.jp/ir/
We have positioned this fiscal year as the start of the third stage after listing, and under the medium- to long-term growth strategy "AirTrip 5000" and the growth strategy for FY24.9 "AirTrip 2024," we have achieved a significant increase in consolidated transaction volume and profit compared with the previous fiscal year, with consolidated sales of 55 billion yen (127% year-on-year), consolidated revenue of 12.4 billion yen (108% year-on-year), and operating income of 2 billion yen (127% year-on-year) for the second quarter of our fiscal year.
In the AirTrip Online Travel Business, the recognition gained during the "advertising investment phase" up to FY19.9, continued strategic marketing investment in line with increases and decreases in travel demand, improved convenience through UI/UX improvements, and various promotions have resulted in a steady uptake of domestic travel demand, continuing the strong performance of the previous fiscal year. As a result, the company is driving the entire business portfolio as a pillar of revenue.
Existing business areas other than 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, and Cloud Business] are generally performing well, and we are promoting further business portfolio building to strategically build and strengthen the "AirTrip Economic Zone".
In particular, in the Investment Business (AirTrip CVC）, Cocolive Inc. (Securities code: 137A), in which we invested, was listed on the Tokyo Stock Exchange Growth Market during 2Q and became the 17th IPO for our investee.
This was the third IPO for our portfolio companies this fiscal year, following Japan M＆A Solution Incorporated.(Securities code: 9236) and Value Creation Co., Ltd.(Securities code: 9238).
Under the FY24.9 growth strategy "AirTrip 2024," we are aggressively developing investments to achieve "AirTrip 5000" as early as possible.
Following the acquisition of BestReserve Co.,Ltd. as a subsidiary, AirTrip Agent Corp. as a wholly owned subsidiary, and the start of the "Human Solution Business," and the acquisition of northshore Inc. as a group company and the start of the "Creative Solution & DX Business," all of which took place in the 1Q, we have newly acquired GROWTH Co.,Ltd. as a subsidiary and launched our 11th business, the "Matching Platform Business."
In addition, we announced the "AirTrip Group's Promise," a basic policy to be followed by the AirTrip Group, to promote work style reforms and strengthen compliance.
Going forward, the AirTrip Group will promote the creation of a strategic business portfolio by launching at least one new business each year, and will strive for endless growth by achieving the mid to long-term growth strategy of "AirTrip 5000" and expanding operating income to 5 billion yen and 10 billion yen, respectively.
Please see our IR page for details.
https://www.airtrip.co.jp/ir/