To the press and whom it may concern

May 31, 2021
Yusuke Shibata
President & Representative Director / CFO
AirTrip Corp.
Atago green Hills MORI tower 19F,
2-5-1, Atago, Minato Ward, Tokyo-----------------------------------------------------------------------------------------------------------

Notice of Revision of Earnings Forecasts----------------------------------------------------------------------------------------------------------AirTrip Corp. (Head Office: Minato Ward, Tokyo; President & Representative Director / CFO:
Yusuke Shibata; Stock Code: 6191; hereinafter “the Company”) conducts AirTrip Online TravelBusiness, Inbound Travel Agency / Wi-Fi Rental Business, IT Off-shore Development Business,
Media Business, Healthcare Business and Investment Business with a corporate philosophy ofOne Asia.
In light of recent business trends, the Company has revised its consolidated earnings forecast for
the fiscal year ending September 30, 2021 (October 1, 2020 to September 30, 2021), which wasannounced on April 15, 2021.
1. Revision of Consolidated Financial Forecast for the Fiscal Year Ending September 30, 2021
(October 1, 2020 - September 30, 2021)（Unit: million yen）

Net sales

ProfitProfitOperating

beforeattributable

Profit perincomeincometo owners

sharetaxesof parent

Previous forecast (A)24,3001,300

1,240741

35.74

Revised forecast (B)19,000

2,600

2,540

1,67278.06

Amount of change (B－A)△5,3001,300

1,300931－

Percentage change (％)△21.8%

100.0％

104.8％

125.6％－

21,241△8,994△9,190△8,692△433.80(Reference) Results forthe previous fiscal year
(ending September 2020)
2. Reason for revision<Net sales>
As part of the diversification and restructuring of the AirTrip Group's business portfolio, theCompany transferred all shares of its consolidated subsidiary, National Ryutsu Sangyo Co.,
Ltd. and as a result, the company will be excluded from the scope of consolidation and sales
revenue is expected to decrease.
Contacts:Yusuke Shibata, President & Representative Director / CFO
TEL：03-3431-6191 FAX：03-3431-6192
Mail：info@airtrip.co.jp

As a result of the above, we have revised downward our previously announced forecast
for net sales in the consolidated financial forecast for the fiscal year ending September
30, 2021.
<Profit and Loss at Each Stage>
The Company is promoting the diversification and restructuring of the business portfolio
within the Group in order to "restart" the AirTrip Group, and is making steady progress instrengthening the "AirTrip Economic Zone", which is the keyword of the Company.
During the first half of the current fiscal year, the domestic domain of the AirTrip Online
Travel Business remained stable, and the five existing businesses other than the AirTrip
Online Travel Business (Inbound Travel Agency / Wi-Fi Rental Business, IT Off-shore
Development Business, Life Innovation Business, Healthcare Business and Investment
Business) all performed well. Operating income for the first half of the fiscal year ending
September 30, 2021 was 2,001 million yen, far exceeding the previously announcedforecast.
Subsequently, in April and May, although the AirTrip Online Travel Business was affectedby the declaration of a state of emergency, the other five existing businesses continued
to perform well and are accumulating business revenue.
Operating income for the full year is also expected to be strong due to (1) the stablestrengthening of the revenue base as a result of the diversification and restructuring of
the Group's business portfolio through various measures implemented to date, and (2)The Group's cost reduction efforts since the previous fiscal year will continue to produce
results.
As a result of the above, we have revised upward our previously announced forecast for
the fiscal year ending September 30, 2021, as we expect a significant increase inprofit/loss at each stage in our consolidated earnings forecast.
Against the backdrop of strong business performance, we will also make strategic
investments for the future, including M&A, investments, business alliances, andadvertising.
(Note) The above forecasts are based on judgments and assumptions made in accordance withinformation currently available. Actual results may differ from these forecasts due to various factors. The
various factors include the possibility of being affected by the future global spread of the COVID-19 andthe response of governments and other organizations to this spread.

[About AirTrip Corp.]
Head Office: Atago Green Hills Mori Tower 19th Floor, 2-5-1 Atago, Minato Ward, Tokyo
Company Name: AirTrip Corp.
Company Representative: President & Representative Director / CFO: Yusuke Shibata
Capital: 617 million yen (Equity Capital 1,561 million yen)Website: https://www.airtrip.co.jp/en/

Contacts:Yusuke Shibata, President & Representative Director / CFO
TEL：03-3431-6191 FAX：03-3431-6192
Mail：info@airtrip.co.jp