Consolidated Financial Results
for the year ended March 31, 2023

Overview of Consolidated Financial Results for FY2022
 Consolidated Balance Sheet(Millions of yen)

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

© 2023 ALL NIPPON AIRWAYS TRADING GROUP

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Overview of Consolidated Financial Results for FY2022
 Consolidated Statement of Income(Millions of yen)

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

© 2023 ALL NIPPON AIRWAYS TRADING GROUP

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Overview of Consolidated Financial Results for FY2022
 During the fiscal year under review, Japan sought to normalize economic activity amid the ongoing COVID-19 pandemic, but rising prices stemming from
economic sanctions imposed in response to Russia's invasion of Ukraine as well as other factors delayed a recovery in personal consumption. As thetrading company group responsible for the ANA Group's diversified businesses, the All Nippon Airways Trading Group has been working to expand its
business operations by maximizing its strengths and to diversify its earnings by entering new lines of business in keeping with its basic policy of taking amarket-oriented approach that addresses the needs of society and customers and diversifying its businesses and earnings sources by promptly moving
into new sectors.
 Taking an overview of the Group’s business, our electronics business saw record profits for the third consecutive year thanks to our diversification ofmarkets, products, and services as manifested in our expanded sales of high-demand energy-saving products and products for EVs, our sales of raw
materials to China and our cultivation of the US market. In the aircraft parts business, the Group secured profits by working with its overseas businesslocations to capture growing demand in the rapidly recovering US and European markets. ANA Foods’ profitability was hit by cost increases caused byhigher ocean freight rates and other factors, but the company offset these by raising wholesale prices and adjusting production locally, thereby
constituting a pillar of the Group's earnings for the fiscal year under review. (Total operating income of the above businesses: 3,048 million yen; year-onyear change: +893 million yen).
 Amid a rebound in the number of passengers on domestic flights, our airport shop business (ANA FESTA) also secured profits by allocating personnel toshops in line with user demand and closing unprofitable shops, resulting in a significant improvement in profits from the previous year and the firstfavorable year-end balance since FY2018. Our airport duty-free business (ADF) captured greater demand and achieved considerably higher year-on-year
earnings by continuing external secondment and steadily reopening stores and changing the number of days they operate to accommodate the easing ofentry restrictions from the second half of the year. (Total operating income of the airport duty-free and airport shop businesses: -42 million yen; year-onyear change: +2,475 million yen)
 The Group as a whole posted consolidated operating income of 3,422 million yen and net income attributable to shareholders of the parent company of
2,539 million yen.

 Consolidated Operating Results(Millions of yen)

FY2021
Operating revenues

FY2022

Change83,128106,060+22,932

Operating income

498

3,422+2,924

Ordinary income

1,474

3,826+2,352

365

2,539+2,174

1,649

4,385+2,736

Net income attributableto owners of the parent
EBITDA※1 EBITDA = Operating income + Depreciation expenses ＋ Amortization expenses© 2023 ALL NIPPON AIRWAYS TRADING GROUP

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Financial Highlights
Major Financial Figures(Millions of yen)

FY2018FY2019FY2020

FY2021

FY2022

Operating revenues

152,081

147,291

82,487

83,128106,066

Operating income

3,804

3,074

▲4,305498

3,422

Ordinary income

4,927

3,654

▲2,682

1,474

3,826

Net income attributable toowners of the parent

3,088

2,112

▲3,138365

2,539

Total assets

68,93564,75960,656

60,58567,345

Net assets

31,18531,06329,871

31,26534,557

45.0

47.8

49.2

51.6

51.3

Equity ratio (%)

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

152,081Net income

Total assets(Millions of yen)
6,000

147,291

5,000

Net assets(Millions of yen)
67,34568,93564,75970,00060,656

60,5854,000 60,000

140,000
2,539

130,000
120,000

Trend in Total Assets and Net Assets

3,088
365

106,066

100,000

1,000
0

90,00082,487(1,000)83,12880,000(2,000)70,000(3,000)▲ 3,138

60,000FY201850,000

2,000

2,112

110,000

3,000

FY2019FY2020(4,000)
FY2021

FY202240,00031,18531,06329,871

31,26534,55730,00020,00010,0000FY2018FY2019© 2023 ALL NIPPON AIRWAYS TRADING GROUP

FY2020

FY2021

FY20224