TSE:9202Airlines
ANA Holdings (TSE:9202) Margin Decline Challenges Sustainability Narrative Despite Strong Valuation
ANA Holdings (TSE:9202) posted revenue growth of 2.5% per year, trailing the broader Japanese market’s average of 4.5%. Net profit margins stood at 6.3%, slightly lower than last year’s 6.7%. While the company has transitioned to consistent profitability over the past five years with annual earnings growth averaging 67.9%, the latest year’s earnings rise was just 2.5%, which is well below historical trends. Looking ahead, consensus forecasts call for a modest decline in earnings of 1.2% per...