Published on : Thursday, April 28, 2016
JAL Group today announced the consolidated financial results for the full fiscal year of 2015 – the period from April 1, 2015 to March 31, 2016.During the reporting period of consolidated financial results for the fiscal year ended March 31, 2016, the Japanese economy maintained its moderate recovery and personal consumption remained robust in general. Overseas economics including the U.S. economy recovered in general, although weakness was observed in some areas such as China and emerging countries in Asia. On the other hand, the number of international visitors to Japan, which affects our passenger revenue, totaled 21,359 thousand in FY2015, representing a significant increase of 45.6% over the previous year. Fuel prices, which impact our fuel purchasing costs, international passenger revenue and international cargo revenue, were lower than they were the year before, but the JPY/USD foreign exchange rate continued to show weakness in the yen.
Under these economic conditions, the JAL Group strived to increase profit consciousness through efforts based on JAL Philosophy and the amoeba management system, realize greater management efficiencies, provide the finest service to its guests anchored in a firm commitment to flight safety, and thus achieve the targets in the JAL Group Medium Term Management Plan Rolling Plan 2015 announced on February 18, 2015.
As a result of the above, during the consolidated fiscal year, consolidated operating revenue decreased by 0.6% year-on-year to 1,336.6 billion yen, operating expenses decreased by 3.2% year-on-year to 1,127.4 billion yen, operating income increased by 16.4% year-on-year to 209.1 billion yen, ordinary income increased by 19.4% year-on-year to 209.2 billion yen and net income attributable to owners of the parent increased by 17.1% year-on-year to 174.4 billion yen.