We are pleased to announce the announcement of financial results for the third 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 was 87.1 billion yen (120% compared to the same period last year), consolidated net sales were 18.5 billion yen (110% compared to the same period last year), and operating income was 2.68 billion yen (101% compared to the same period last year).
We have also made further upward revisions to its full-year earnings forecast, as it has performed well against the full-year earnings forecast announced during the second quarter.
The revised full-year forecasts are net sales of 2.6 billion yen, operating income of 2.0 billion yen, and net income of 1,45 billion yen.
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 expansion of the AirTrip Point system, and various promotions have resulted in the business driving the entire business portfolio as a revenue pillar, centered on the existing product lines of domestic and overseas "airline tickets" and "airline tickets + hotels (AirTrip Plus)". The existing products, mainly domestic and overseas airline tickets and airline tickets + hotel (AirTrip Plus), are driving the overall business portfolio as the mainstay of revenue.
In addition, we are executing investments to expand "Hotels, Shinkansen, Express Bus, and Rental Car", which are new focus products for this fiscal year, and are focusing on expanding the product lineup of "AirTrip", a comprehensive travel platform that handles a multitude of travel contents in addition to airline tickets, for anything and everything.
We started airing a new TV commercial for AirTrip and held a presentation on the completion of the new commercial on August 1, 2012.
Under the keyword of "Anything AirTrip" we continue to make new marketing investments to expand brand awareness with the new creative featuring Ms. IKKO.
Existing business areas other than travel business [IT offshore development business, travel to Japan and Wi-Fi rental business, media business, investment business ( AirTrip CVC), regional development business, and cloud business] have generally performed well and steadily.
We are actively conducting M&A to achieve "AirTrip 5000" as early as possible, and are developing a network of friends to expand and strengthen the AirTrip economic zone.
In the third quarter, we newly made GROWTH Co., Ltd. a subsidiary and started "Matching Platform Business".
Ltd., which is strong in web system/application development, and DOCODORE Corporation, which provides DX support to small and medium-sized enterprises, as subsidiaries.
In the current fiscal year, we have already executed seven M&A deals, and we will continue to actively invest in growth and gather new business partners through M&A.
We launched the "CXO Community Business" as our 12th new business in the AirTrip Economic Zone, and held the "AirTrip Asteda Fest 2024 Tokyo" on August 1 with nearly 2,000 participants.
In addition to holding this kind of large-scale venture event once a year, we will expand the "AirTrip CXO Salon" (a completely invitation-only management community) to a community of 1,000 people and provide a variety of content such as regular meetings and study sessions, aiming to create new innovation.
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/