Consolidated Financial Results
for the year ended March 31, 2022

Overview of Consolidated Financial Results for FY2021
 Consolidated Balance Sheet(Millions of yen)

(Note) The amounts shown are rounded down to the nearest million yen.

© 2022 ALL NIPPON AIRWAYS TRADING GROUP

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Overview of Consolidated Financial Results for FY2021
 Consolidated Statement of Income(Millions of yen)

(Note 1) The amounts shown are rounded down to the nearest million yen.
(Note 2) The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No.29, March31, 2020), etc. effectivefrom the beginning of the current fiscal year.

© 2022 ALL NIPPON AIRWAYS TRADING GROUP

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Overview of Consolidated Financial Results for FY2021●Although two years have passed since the outbreak of the COVID-19 pandemic, it continues to have devastating economic and social effects in Japan and aroundthe rest of the world. As a result and in spite of the good progress made with vaccinations, Japan has only reached the halfway point on the recovery trajectoryfor its socioeconomic activities in this fiscal year. Looking at individual industries, we can see that some have made a quick recovery and are now striving towardfurther growth. However, there are also industries that continue to face challenging conditions, and this is especially the case for the face-to-face service industry.
Therefore, it appears that there will be a prolonged K-shaped recovery.
●Under these circumstances, the ANA Trading Group, as a trading company group responsible for the diversified businesses of the ANA Group, has been striving to
expand revenues from outside the Group by expanding its businesses utilizing its strengths to the maximum and taking on challenges in new business areas,
under the basic policy of improving its areas of expertise, aiming to satisfy customers, and developing a strong market presence.
●As for the general situation across our businesses, the prolonged COVID-19 pandemic continued to have a negative impact primarily on the airport duty-free /airport store business. However, our income improved significantly compared to the previous year due to the recovery in passenger numbers, our efforts toimprove the efficiency of store operations, external secondments, etc. (Total operating income for the airport duty-free / airport store business: -2,526 million yen/ +2,373 million yen compared to the previous year.) Furthermore, Fujisey also saw a rise in its income compared to the previous year in spite of negative
factors, including the Tokyo Olympic and Paralympic Games being held without spectators and the delayed recovery in passenger traffic primarily to tourist
destinations. This was because Fujisey secured sales during the periods with high levels of passenger traffic (namely summer and the year-end/New Year holiday
period) and made efforts to reduce costs. (Total operating income: -201 million yen / +357 million yen compared to the previous year.)●On the other hand, the electronics business continued to capture the growing demand for semiconductors and electronic devices, and subsequently recorded an alltime high for income for the second consecutive year. Furthermore, the A-style business also continued to see a rise in its income as it captured stay-at-homedemand. In addition, ANA Foods had a lower income than the previous year due to increases in maritime transport fares, etc. leading to rising costs.
Nevertheless, the business continued to secure income mainly from fresh banana and other product sales. (Total operating income for the food, electronics andEC business: 2,438 million yen / +324 million yen compared to the previous year). Thanks to these positive results and the income increases seen across manyother businesses and Group companies, the Group as a whole managed to achieve a consolidated operating income of 498 million yen (+4,799 million yen
compared to the previous year.)●As a result, the net income attributable to the parent company was 365 million yen.

 Consolidated Operating Results(Millions of yen)

FY2020

FY2021 ※1

ChangeOperating revenues

82,48783,128※1Operating income▲4,301498

4,799

Ordinary income▲2,678

1,474

4,152

Net income attributableto owners of the parent▲3,138365

3,503

EBITDA▲2,859

1,649

4,508

※1 The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No.29, March31, 2020), etc. effectivefrom the beginning of the current fiscal year.

© 2022 ALL NIPPON AIRWAYS TRADING GROUP

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Financial Highlights
Major Financial Figures(Millions of yen)

FY2017FY2018

FY2019FY2020

FY2021

Operating revenues

142,877

152,081

147,291

82,487

83,128Operating income

4,250

3,804

3,074

▲4,301

498

Ordinary income

4,404

4,927

3,654

▲2,6781,474

Net income attributable toowners of the parent

2,829

3,088

2,112

▲3,138365

Total assets

65,771

68,93564,75960,656

60,585

Net assets

28,411

31,18531,06329,871

31,265

43.0

45.0

47.8

49.2

51.6

Equity ratio (%)

Trend in Operating Revenues and Net Income Trend in Total Assets and Net Assets
160,000
150,000

152,081
142,877

6,000

147,2914,000

130,000
120,000

3,000
3,088
365

100,000

1,000
0

90,00082,487

83,128(1,000)80,000(2,000)70,000(3,000)▲ 3,138

60,000FY2017FY201865,77164,75960,656

60,58560,00050,000

2,000
2,112

110,000

70,0005,000

140,000

2,829(Millions of yen)

Total assets
Net assets
68,935(Millions of yen)

Operating revenues
Net income

FY2019FY2020(4,000)
FY202140,00031,18528,411

31,06329,871

31,26530,00020,00010,0000FY2017FY2018© 2022 ALL NIPPON AIRWAYS TRADING GROUPFY2019FY2020

FY20214