Breaking Down ANA Holdings Inc. Financial Health: Key Insights for Investors

Step aboard a close look at ANA Holdings Inc., Japan's largest airline group that unites 71 companies including All Nippon Airways, Peach Aviation and AirJapan under a mission 'Built on a foundation of security and trust, 'the wings within ourselves' help to fulfill the hopes and dreams of an interconnected world' and a vision of 'Uniting the World in Wonder'; with safety as the cornerstone-evidenced by its SKYTRAX 5-Star rating every year since 2013 (12 consecutive years)-and a values-driven culture summed up in the motto 'Anshin, Attaka, Akaruku-genki!' (Trustworthy, Heartwarming, Energetic!), ANA HD leverages customer orientation, social responsibility, team spirit and an entrepreneurial drive to grow its diverse fleet, expand into next-generation mobility with partners like Joby Aviation, and sustain industry leadership recognized by inclusion in the Dow Jones Sustainability World Index for 8 consecutive years and the Asia Pacific Index for 9 consecutive years, even as it reported a record-first-half revenue of 1,190.4 billion yen in 2025 and invests in innovation with facilities such as a new 149,000 sq ft manufacturing site in Henderson, NV-inviting readers to explore how mission, vision and core values translate into measurable strategy and performance.

ANA Holdings Inc. (9202.T) - Intro

• Founded: 2013 (holding company)
• Group companies: 71
• Notable airlines: All Nippon Airways (ANA), Peach Aviation, AirJapan

• Mission - Safe, reliable connectivity that enriches society and connects people, regions, and cultures while delivering stakeholder value.
• Vision - To be the world's leading airline group recognized for safety, customer experience, sustainability, and technological leadership across air mobility solutions.
• Strategic pillars - Safety excellence, customer experience enhancement, network optimization, low-cost growth, cargo expansion, sustainability & next-gen mobility.

• Safety-first culture - rigorous training, operational audits, and continuous improvement; underpin SKYTRAX 5-Star continuity.
• Customer-centricity - premium service standards for full-service operations and tailored value propositions for LCCs.
• Innovation & technology - fleet renewal, digital passenger services, predictive maintenance, and investments in electric VTOL partnerships.
• Sustainability & ESG - aggressive CO2 reduction targets, fleet fuel efficiency, and recognition on DJSI indices.
• Employee empowerment & diversity - group-wide human capital development and inclusion programs.

• Fleet modernization - targeted deployment of fuel-efficient aircraft to lower CO2 per ASK and improve unit costs.
• Route network & capacity - strategic route expansion drove H1 FY2025 demand that resulted in 1,190.4 billion yen revenue.
• Next-gen mobility - collaboration with Joby Aviation to develop electric air taxis for urban/regional services.
• Manufacturing & maintenance capacity - new 149,000 sq ft facility in Henderson, NV to support MRO and manufacturing needs.
• Sustainability reporting & targets - ongoing disclosure aligned with DJSI inclusion and long-term emissions reduction goals.

ANA Holdings Inc. (9202.T) - Overview

• Safety as cornerstone: operational safety metrics, maintenance investments, and regulatory compliance are prioritized to preserve public trust and reliability.
• "The wings within ourselves": emphasizes internal collaboration, frontline empowerment, and human capital investment to deliver service and growth.
• Core business and growth: focus on strengthening the airline platform (domestic and international), cargo, loyalty programs, and diversified mobility-related businesses.

• Long-term consistency: the mission has remained steady across corporate cycles, reinforcing safety, trust, and connectivity as enduring strategic anchors.
• Alignment with KPIs: mission-driven targets are reflected in safety rates, on-time performance, load factors, revenue per available seat kilometer (RASK), and customer-satisfaction indices.

• Safety investment examples: continued CAPEX for fleet renewal, avionics upgrades, and maintenance facilities to uphold the mission's safety foundation.
• Strategic growth levers: route network optimization, ANA Mileage Club expansion, cargo and logistics scaling, digital service enhancements, and alliance/partnership leverage (Star Alliance and codeshares).

ANA Holdings Inc. (9202.T) - Mission Statement

• Vision: "Uniting the World in Wonder" - positioning ANA HD as a bridge for global connections that spark curiosity, cultural exchange and economic opportunity.
• Inclusivity & diversity: Emphasis on diverse connections - welcoming multiple cultures, perspectives and customer needs across domestic and international networks.
• Customer-centric innovation: Continuous enhancement of passenger experience through digital services, premium products, and improved ground-to-air integration.
• Next-generation mobility: Expanding beyond traditional air transport into eVTOL, urban air mobility pilots, and integrated multimodal travel solutions.
• Leadership in sustainability & safety: Pursuing decarbonization (SAF adoption, fleet renewal), rigorous safety governance, and community resilience programs.

• Strategic implications of the vision:
  • Business diversification: Using aviation leadership to enter mobility ecosystems (UAM/eVTOL) and travel-tech platforms.
  • Technology integration: IoT, biometrics and data-driven personalization to create seamless door-to-door journeys.
  • Brand and culture: Inspiring employees with a purpose-driven narrative that links daily operations to a global mission.
• Examples of execution tied to the vision:
  • Route reinstatements and codeshare expansions to restore diverse international connections.
  • Customer-experience projects - cabin refurbishments, ANA Digital innovations, and loyalty program enhancements.
  • Partnerships with manufacturers and mobility startups to pilot next-gen aircraft and sustainable fuel programs.

ANA Holdings Inc. (9202.T) Vision Statement

• Safety - treating safety as the immutable foundation of all activities, with continuous investment in training, maintenance, and safety technologies.
• Customer Orientation - designing services and processes from the customer's perspective to create differentiated value and loyalty.
• Social Responsibility - committing to climate action, community engagement, and governance practices that sustain long‑term societal welfare.
• Team Spirit - promoting diversity, inclusion, and collaborative decision‑making across the group to harness collective capability.
• Endeavor - driving innovation, digitalization, and bold strategic initiatives to stay competitive internationally.

• Safety governance: investment in pilot and maintenance training programs, safety management systems, and data‑driven risk mitigation.
• Customer metrics: NPS and on‑time performance targets integrated into business unit KPIs.
• Social responsibility: measurable CO2 reduction roadmaps (SAF procurement, fuel‑efficient aircraft) and community engagement initiatives.
• Team development: talent mobility programs, diversity and inclusion targets, and cross‑functional collaboration incentives.
• Innovation: digital customer journeys, cargo and ancillary revenue growth strategies, and partnerships for next‑generation aviation tech.

• Revenue mix optimization - restoring passenger yields while expanding cargo and high‑value ancillaries to improve margins.
• Cost discipline - network rationalization and efficiency programs balanced with targeted capex for fleet renewal.
• Capital allocation - prioritizing SAF, fleet modernization, and digital transformation to align with net‑zero and customer service goals.