AirTrip has announced its consolidated financial results for the fiscal year ended September 2026 (October 2025 through September 2026).
Revenue totaled 37.813 billion yen, up 34.5% year on year; operating profit was 2.616 billion yen, down 15.6%; and net profit was 1.263 billion yen, down 29.0%. Operating profit before impairment and other deductions amounted to 5.052 billion yen, up 8.5% year on year.
Revenue by segment was 19.417 billion yen for the online travel business, up 0.3% year on year; 3.792 billion yen for the inbound business, up 26.1%; 7.572 billion yen for the IT development business; 694 million yen for the investment business, up 101.0%; and 7.409 billion yen for the AirTrip economic ecosystem and other businesses, up 33.4%.
Segment profit was 3.404 billion yen for the online travel business, down 16.3% year on year; 381 million yen for the inbound business, up 27.0%; 177 million yen for the investment business, up 69.6%; and 589 million yen for the AirTrip economic ecosystem and other businesses, up 467.1%. The IT development business posted a loss of 971 million yen. The IT development business is operated by Hybrid Technologies, which became a consolidated subsidiary in the current fiscal year.
For the current fiscal year, the company changed its reportable segments from the previous three categories of online travel, IT offshore development, and investment to five categories: online travel, inbound, IT development, investment, and the AirTrip economic ecosystem and other businesses.
Regarding the business environment, the company said inbound demand in Japan continued to expand amid an increase in international visitors to Japan. Meanwhile, growth in demand for overseas travel was limited due to higher travel costs resulting from the weaker yen, increased fuel surcharges, and rising prices. Competition in Japan’s online travel market also intensified further due to the growing presence of foreign-owned OTAs.
The decline in operating profit was due to impairment losses and other charges recorded during the full-year closing process exceeding expectations. These included the revaluation of operating investment holdings and subsidiary businesses. In addition to recognizing certain expenses and bringing forward impairment treatment in the assessment of investments in recently acquired companies, the company incurred losses from the recording of group common expenses associated with making Hybrid Technologies a holding company.
Operating profit before impairment and other deductions, which the company considers its most important financial indicator, achieved its target of 5 billion yen by the fiscal year ending September 2028 two years ahead of schedule. In response, the company has formulated a new medium- to long-term growth strategy, “AirTrip 100,” aiming to achieve 10 billion yen in this profit measure. It aims to grow by concentrating management resources on growth areas, accelerating growth in existing businesses, and continuously executing M&A transactions.
For the fiscal year ending September 2027, the company forecasts consolidated gross transaction value of 135 billion yen, up 5.8% year on year; revenue of 40 billion yen, up 5.8%; and operating profit before impairment and other deductions of 5 billion yen, down 1.0%. It did not disclose profit forecasts from operating profit onward, stating that reasonable calculations are difficult at this time.
For shareholder returns, the company plans to designate the three fiscal years from the year ending September 2026 through the year ending September 2028 as a shareholder return period and pay dividends with a target payout ratio of 100% of operating profit before impairment and other deductions. It will introduce interim dividends from the fiscal year ending September 2027, with an annual dividend forecast of 170 yen per share, comprising an interim dividend of 70 yen and a year-end dividend of 100 yen.
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