JTB has announced its consolidated financial results for the fiscal year ending March 2024. The company reported a net profit of 18.3 billion yen, a decrease of 38.9% from the previous year.
Revenue was 1.081 trillion yen (up 10.5% from the previous year), operating profit was 24.9 billion yen (a 25.9% decrease), and ordinary profit was 28.9 billion yen (a 27.3% decrease). This is the first time in four years that revenue has exceeded 1 trillion yen.
By segment, domestic travel revenue was 459.2 billion yen, inbound travel was 54.5 billion yen, outbound travel was 159.2 billion yen, global travel was 88 billion yen, and non-travel revenue was 320 billion yen. While the four travel-related segments showed significant recovery, non-travel revenue decreased.
Domestic travel benefited from the recovery in people’s movements and the extension of national travel support. Outbound travel exceeded the previous year significantly, despite being affected by the weak yen and inflation, thanks to competitive pricing and enhanced promotion. Inbound travel surpassed plans due to strengthened procurement systems. Global travel, involving travel between third countries, saw robust demand for trips from Asia to Europe.
For the fiscal year ending March 2025, JTB aims for revenue of 1.162 trillion yen, an operating profit of 11.6 billion yen, and a return to net profitability.
As of the fiscal year-end, the number of consolidated subsidiaries was 114: 22 domestic companies, 74 overseas companies, and 18 companies accounted for using the equity method, a decrease of four companies from the end of the previous fiscal year. The number of employees increased by 330, bringing the total to 18,993.
