ANA Holdings Inc

9202: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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ANA Earnings: Strong Domestic Performance and Improved Profitability; Valuation Raised by 8%

Lorraine Tan , Nicole Lim

Oct 31, 2025

ANA reported record first-half revenue of JPY 1,190.4 billion, up 8.3% year over year, and raised its full-year (ending March) operating income guidance by 8% to JPY 200 billion. Results reflect the consolidation of Nippon Cargo Airlines from the second quarter.

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ANA Holdings Inc

ANA Earnings: Strong Domestic Performance and Improved Profitability; Valuation Raised by 8%

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