Press Release
June 27, 2018
Peach Aviation Limited

Financial Statement for FY2017 (ended March 31, 2018)
・・・

Operating income of 54,740 million yen, operating profit of 5,793 million yen, and current net profit of
3,728 million yen
Operating profit rate of 10.6%
Achievement of increased income and net surplus for the fifth consecutive year

Osaka 27 June, 2018 - Peach Aviation Limited (“Peach”; Representative Director and CEO: ShinichiInoue) released its financial statement for fiscal 2017 (ended on March 31, 2018).
The statement shows operating income of 54,740 million yen (as compared to 51,709 million yen in fiscal 2016),
operating profit of 5,793 million yen (as compared to 6,302 million yen in fiscal 2016), and current net profit of
3,728 million yen (as compared to 4,944 million yen in fiscal 2016). Peach therefore achieved increased income
and a net financial surplus for the fifth consecutive year.
In the term in question, Peach recorded figures of 10.6% for the rate of operating profit, 86.9% for the averageseat occupancy (pay seats), and about 5.12 million for the number of paying passengers.
Representative Director and CEO Mr. Inoue made the following remarks on the statement: “In fiscal 2017, too,
our services were used by many customers inside and outside Japan, and we managed to post a net surplus forthe fifth consecutive year. I would like to thank all those providing continuous support for Peach from the bottomof my heart. Last fiscal year, we made Sendai Airport a hub airport, initiated service over the Niigata route, andtook other action to accelerate regional revitalization by expanding routes, including international ones, fromregional cities. This fiscal year, we are going to position Shinchitose Airport as an additional hub airport that will
give us a string of hub airports for service stretching the length of the Japanese archipelago. We are preparing a
setup enabling in-bound passengers patronizing Peach to travel both north and south in Japan. Over the coming
years as well, Peach is determined to drive the demand associated with in-bound tourism in Japan, towardattainment of the increase in the number of inbound visitors to 40 million in 2020 and 60 million in 2030 targetedby the Japanese government.
In addition, while we are going to merge with Vanilla Air through a process beginning this fiscal year andcontinuing into fiscal 2019, we aspire to even greater exercise of Peach’s distinctiveness and originality. We aredetermined to enliven the skies of Japan and Asia in general as we take aim at becoming the Japanese-born LCC
that is the leading one throughout Asia.”
As part of its mission of serving as a "Bridge to Asia", Peach will continue to expand its fleet and its network to morethan 50 routes beyond 2020.
Profit and Loss Statement – Results for FY2017 (April 1, 2017 - March 31, 2018; unit: millions of yen)
Item
Operating income
Operating profit
Ordinary profit
Current net profit

Current FY
54,740
5,793
5,677
3,728

Previous FY
51,709
6,302
5,387
4,944

Rate of change relative to theprevious FY
105.9%
91.9%
105.4%
75.4%

About Peach (www.flypeach.com)
Peach started flight service based at Kansai International Airport in March 2012. Kansai International Airport was followed as a hub
airport by Naha Airport in July 2014 and Sendai Airport in September 2017. At present, Peach operates flights with 20 aircraft over
15 domestic routes and 15 international routes. Peach flights number more than about 100 per day, and carry a combined total ofmore than 13,000 passengers at maximum. Peach is planning to launch services over the Osaka (Kansai) – Kushiro route beginningon August 1, 2018, and to make New Chitose Airport into an additional hub airport before the end of fiscal 2018.