Asia Air Survey Income Statement

Financials in millions JPY. Fiscal year is October - September.

Millions JPY. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	41,591	40,270	37,304	33,674	32,506
Revenue Growth (YoY)	3.28%	7.95%	10.78%	3.59%	7.92%
Cost of Revenue	30,188	29,290	27,339	24,397	23,880
Gross Profit	11,403	10,980	9,965	9,277	8,626
Selling, General & Admin	8,519	8,133	7,200	6,835	6,301
Operating Expenses	8,547	8,130	7,275	6,811	6,288
Operating Income	2,856	2,850	2,690	2,466	2,338
Interest Expense	-92	-53	-51	-40	-43
Interest & Investment Income	127	118	121	115	107
Earnings From Equity Investments	97	71	136	138	132
Currency Exchange Gain (Loss)	-	41	-	-	-
Other Non Operating Income (Expenses)	35	10	73	64	27
EBT Excluding Unusual Items	3,023	3,037	2,969	2,743	2,561
Gain (Loss) on Sale of Investments	-72	-42	-168	-87	17
Gain (Loss) on Sale of Assets	2	-	22	-	-
Asset Writedown	-43	-3	-47	-6	-28
Other Unusual Items	1	-2	-2	-2	-1
Pretax Income	2,911	2,990	2,774	2,648	2,549
Income Tax Expense	1,079	1,070	909	902	804
Earnings From Continuing Operations	1,832	1,920	1,865	1,746	1,745
Minority Interest in Earnings	-29	-18	-17	-19	-16
Net Income	1,803	1,902	1,848	1,727	1,729
Net Income to Common	1,803	1,902	1,848	1,727	1,729
Net Income Growth	-5.21%	2.92%	7.01%	-0.12%	-1.43%
Shares Outstanding (Basic)	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18
Shares Change (YoY)	0.19%	0.40%	0.01%	0.18%	0.39%
EPS (Basic)	99.09	104.72	102.16	95.48	95.76
EPS (Diluted)	99.09	104.72	102.16	95.48	95.76
EPS Growth	-5.38%	2.51%	7.00%	-0.30%	-1.81%
Free Cash Flow	-781	-367	3,763	216	2,542
Free Cash Flow Per Share	-42.92	-20.21	208.02	11.94	140.79
Dividend Per Share	44.000	37.000	31.000	28.000	25.000
Dividend Growth	18.92%	19.36%	10.71%	12.00%	78.57%
Gross Margin	27.42%	27.27%	26.71%	27.55%	26.54%
Operating Margin	6.87%	7.08%	7.21%	7.32%	7.19%
Profit Margin	4.33%	4.72%	4.95%	5.13%	5.32%
Free Cash Flow Margin	-1.88%	-0.91%	10.09%	0.64%	7.82%
EBITDA	4,656	4,523	4,311	3,840	3,545
EBITDA Margin	11.20%	11.23%	11.56%	11.40%	10.91%
D&A For EBITDA	1,800	1,673	1,621	1,374	1,207
EBIT	2,856	2,850	2,690	2,466	2,338
EBIT Margin	6.87%	7.08%	7.21%	7.32%	7.19%
Effective Tax Rate	37.07%	35.79%	32.77%	34.06%	31.54%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.