SOURCE: All Nippon Airways

March 19, 2010 05:14 ET

All Nippon Airways Co., Ltd.: Notification of Revision to Performance Forecast

TOKYO--(Marketwire - March 19, 2010) - All Nippon Airways Co., Ltd. (LSE: ANA) -- Based on recent trends in business performance, the Company hereby announces a revision to the performance forecast previously announced on October 30, 2009, as noted below.

Revised consolidated performance forecast for FY2009 (April 1, 2009-March 31, 2010)

                                                 (Unit: Billions of Yen, %)

                                                                    Net
                                Operating  Recurring     Net       (loss)
                     Operating    (loss)     (loss)     (loss)     income
                     revenues     income     profit     income   per Share
                     ---------  ---------  ---------  ---------  ---------
Forecast as of Oct.   Billion     Billion    Billion    Billion        Yen
 30, 2009 (A)             yen         yen        yen        yen
                         1,260        (20)       (45)       (28)    (12.04)
                     ---------  ---------  ---------  ---------  ---------
New forecast (B)         1,220        (61)       (95)       (65)    (27.94)
                     ---------  ---------  ---------  ---------  ---------
Change (B-A)               (40)       (41)       (50)       (37)
                     ---------  ---------  ---------  ---------  ---------
% Change                  (3.2)         -          -          -
                     ---------  ---------  ---------  ---------  ---------
Ref. (Apr. 1, 2008 -
 Mar. 31, 2009)        1,392.5        7.5          0       (4.2)     (2.19)
                     ---------  ---------  ---------  ---------  ---------

Revised non-consolidated performance forecast for FY2009 (April 1, 2009-March 31, 2010)

                                                                    Net
                                Operating  Recurring     Net       (loss)
                     Operating    (loss)     (loss)     (loss)     income
                     revenues     income     profit     income   per share
                     ---------  ---------  ---------  ---------  ---------
Forecast as of Oct.    Billion    Billion    Billion    Billion        Yen
 30, 2009 (A)              yen        yen        yen        yen
                         1,110        (23)       (46)       (29)    (12.47)
                     ---------  ---------  ---------  ---------  ---------
New forecast (B)         1,067        (66)       (97)       (64)    (27.51)
                     ---------  ---------  ---------  ---------  ---------
Change (B-A)               (43)       (43)       (51)       (35)
                     ---------  ---------  ---------  ---------  ---------
% Change                  (3.9)         -          -          -
                     ---------  ---------  ---------  ---------  ---------
Ref. (Apr. 1,
 2008-Mar. 31, 2009)   1,248.6       (0.7)      (3.5)      (1.8)     (0.94)
                     ---------  ---------  ---------  ---------  ---------

Reason for Revision

With the economic outlook for the fiscal year indicating prospects for a continuation of the global recession that began in the second half of the last fiscal year, we recognized that the business environment surrounding the Company would reach a level of severity never before experienced, and at the start of the period moved to establish cost reduction measures amounting to 73 billion yen. At the same time, with the emergence at the end of the first quarter of a risk that our financial standing could worsen by 30 billion yen for the full year compared to our initial plan, due to a decline in demand with the spread of H1N1 influenza, we also put forward measures to improve our financial status by 30 billion yen, and worked toward the goal of maintaining the level of profitability established in the initial plan.

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http://www.rns-pdf.londonstockexchange.com/rns/8483I_1-2010-3-19.pdf

ALL NIPPON AIRWAYS CO., LTD.

President and CEO: Shinichiro Ito

(Code number: 9202, First Section of the Tokyo Stock Exchange and Osaka Securities Exchange)

Contact Information

  • Contact: Director, General Administration, Tomoyuki Kotsuji
    (Tel. +81-3-6735-1001)