APA Group announced its financial results for the fiscal year ending November 2024. The net income was 56.28 billion yen, marking a record profit for the second consecutive term.
Revenue was 225.97 billion yen (an increase of 18.2% compared to the previous year), operating profit was 82.14 billion yen (up 44.9%), and ordinary profit was 79.58 billion yen (up 44%), with increases in both revenue and profit.
The sharp increase in the number of foreign visitors to Japan, along with steady demand from domestic conferences and events, resulted in a significant rise in occupancy rates and pricing.
For the fiscal year ending November 2025, they anticipate continued revenue and profit growth, expecting further increases in foreign visitors and capitalizing on demand from the Osaka-Kansai Expo.
