Overview
Air Transportation

ANA HOLDINGS INC.

ANA Holdings Inc. is Japan's largest airline group, operating full-service carrier All Nippon Airways (ANA), regional carrier ANA Wings, international LCC Air Japan, and low-cost carrier Peach Aviation. The group provides comprehensive aviation-related services including airport ground handling, aircraft maintenance, travel package planning and sales under the 'ANA Travellers' brand, and trading of aviation-related materials. Beyond core aviation, the group operates in commercial trading, facility management, and staffing services through over 140 subsidiaries and 35 affiliated companies.

Market Cap
¥1,266B
US$8.07B
EV
¥1,098B
US$7.01B
Stock¥2,903.5▼-0.22%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.9
x
LTM EV/EBIT
5.4
x
LTM PER
7.6
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.5%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Apr 1, 26Share price rose; no specific driver identified (FY2026 earnings were actually announced on 2026-04-30, after this date)
MC → EV Bridge
1,266BUS$8.07BMarket Cap1,193BUS$7.61B+ Debt573BUS$3.65B− Cash799BUS$5.09B− Inv. Sec.10.9BUS$69.8M+ NCI1,098BUS$7.01BEV
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Performance & Balance
Revenue 5Y (¥B)
1,020US$6.51B'22/31,707US$10.9B'23/32,056US$13.1B'24/32,262US$14.4B'25/32,539US$16.2B'26/3
EBITDA 5Y (¥B)
-15.6-US$99.6M'22/3268US$1.71B'23/3350US$2.23B'24/3345US$2.20B'25/3386US$2.46B'26/3
Net Income 5Y (¥B)
-144-US$916M'22/389.5US$571M'23/3157US$1.00B'24/3153US$976M'25/3169US$1.08B'26/3
Capital Structure
54%
46%
EquityD/E 0.85xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
593US$3.78B1,750US$11.2B'22/3754US$4.81B1,578US$10.1B'23/3757US$4.83B1,484US$9.46B'24/3605US$3.86B1,319US$8.41B'25/3715US$4.56B1,172US$7.47B'26/3
Shareholders
Top 10 hold 24.2%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.69%
2
Custody Bank of Japan, Ltd. (Trust Account)
2.90%
3
Nagoya Railroad Co., Ltd.
1.46%
4
Employee Stock Ownership Association
1.39%
5
日本マスタートラスト信託銀行株式会社(従業員持株ESOP信託口・80279口)
1.15%
6
Employee Stock Ownership Association
0.98%
7
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
0.82%
8
Nippon Yusen Kabushiki Kaisha
0.79%
9
Nippon Life Insurance Company
0.58%
10
Tokio Marine & Nichido Fire Insurance Co., Ltd.
0.48%
Management
16 officers
Shinya KATANOSAKA
Director and Chairman of the Board; Chair of the Board of Directors
Apr 1979 Joined ANA Holdings Inc. Apr 2004 General Manager, Human Resources Department, ANA Holdings Inc. Apr 2007 Executive Officer, ANA Holdings Inc. Apr 2009 Senior Executive Officer, ANA Holdings Inc. Jun 2009 Director, Executive Officer, ANA Holdings Inc. Jun 2011 Managing Director, Executive Officer, ANA Holdings Inc. Apr 2012 Senior Managing Director, Executive Officer, ANA Holdings Inc. Apr 2013 Representative Director, Executive Vice President, Executive Officer, ANA Holdings Inc. Apr 2015 Representative Director, President, ANA Holdings Inc. Apr 2022 Representative Director, Chairman, ANA Holdings Inc. Apr 2024 Director, Chairman, ANA Holdings Inc. (current)
1955-07-04
Koji SHIBATA
Representative Director, President; Chair, Group Management Strategy Conference; Supervisor, Group ESG Management Promotion Conference; in charge of Group Audit
Apr 1982 Joined ANA Holdings Inc. Apr 2005 General Manager, Alliance Office, ANA Holdings Inc. Apr 2012 Executive Officer, ANA Holdings Inc. Apr 2014 Senior Executive Officer, ANA Holdings Inc. Jun 2020 Director, Managing Executive Officer, ANA Holdings Inc. Apr 2021 Representative Director, Senior Managing Executive Officer, ANA Holdings Inc. Apr 2022 Representative Director, President, ANA Holdings Inc. (current)
1957-08-16
Takaharu NAOKI
Representative Director, Executive Vice President, Executive Officer; Group CHO (Chief Human Resource Officer), in charge of Group Human Resources and Labor Relations; in charge of Group Corporate Strategy
Apr 1987 Joined ANA Holdings Inc. Apr 2011 General Manager, Washington Branch, ANA Holdings Inc. Apr 2015 Executive Officer, ANA Sales Inc.; General Manager, Sales Center Operations Department, All Nippon Airways Co., Ltd. Apr 2016 General Manager, Group Human Capital Strategy Department, ANA Holdings Inc.; General Manager, Human Resources Department, Human Capital Strategy Office, All Nippon Airways Co., Ltd. Apr 2019 Executive Officer, All Nippon Airways Co., Ltd. Apr 2021 Senior Executive Officer, ANA Holdings Inc. Jun 2024 Representative Director, Senior Managing Executive Officer, ANA Holdings Inc. Apr 2025 Representative Director, Executive Vice President, Executive Officer, ANA Holdings Inc. (current)
1963-12-16
Kimihiro NAKABORI
Representative Director, Executive Vice President, Executive Officer; Group CFO (Chief Financial Officer), in charge of Group Accounting and Finance; General Manager, Group Accounting and Finance Office
Apr 1988 Joined ANA Holdings Inc. Apr 2013 General Manager, General Affairs Department, Narita Airport Branch, All Nippon Airways Co., Ltd. Apr 2017 General Manager, Management Administration Department, Group Accounting and Finance Office, ANA Holdings Inc. Apr 2020 Executive Officer, ANA Holdings Inc. Apr 2022 Senior Executive Officer, ANA Holdings Inc. Jun 2024 Director, Managing Executive Officer, ANA Holdings Inc. Apr 2025 Director, Senior Managing Executive Officer, ANA Holdings Inc. Apr 2026 Representative Director, Executive Vice President, Executive Officer, ANA Holdings Inc. (current)
1964-07-14
Jun TANEIE
Director, Managing Executive Officer; Chair, Group ESG Management Promotion Conference; in charge of Group Risk & Compliance, Group Legal Affairs, and Group General Affairs
Apr 1989 Joined ANA Holdings Inc. Apr 2016 General Manager, Market Communications Department, Marketing Office, All Nippon Airways Co., Ltd. Apr 2019 General Manager, Marketing Planning Department, Marketing Office, All Nippon Airways Co., Ltd. Apr 2021 Executive Officer, ANA Holdings Inc. Apr 2023 Senior Executive Officer, ANA Holdings Inc. Jun 2024 Director, Executive Officer, ANA Holdings Inc. Apr 2026 Director, Managing Executive Officer, ANA Holdings Inc. (current)
1966-11-20
Hidekazu YOSHIDA
Director, Executive Officer; Group CPO (Chief Procurement Officer), General Manager, Group Procurement and Facilities Office; in charge of Group IT
Apr 1991 Joined ANA Holdings Inc. Apr 2016 Deputy General Manager, Corporate Planning Department, Group Corporate Strategy Office; General Manager, Government Aircraft Preparation Office, ANA Holdings Inc. Apr 2022 General Manager, Procurement Department, All Nippon Airways Co., Ltd. Apr 2023 Executive Officer, ANA Holdings Inc. Apr 2025 Senior Executive Officer, ANA Holdings Inc. Jun 2026 Director, Executive Officer, ANA Holdings Inc. (current)
1967-12-25
Juichi HIRASAWA
Director
Apr 1986 Joined ANA Holdings Inc. Apr 2014 General Manager, Corporate Planning Department, All Nippon Airways Co., Ltd. Apr 2018 Executive Officer, All Nippon Airways Co., Ltd. Apr 2020 Senior Executive Officer, All Nippon Airways Co., Ltd. Apr 2022 Senior Executive Officer, ANA Holdings Inc. Jun 2022 Director, Executive Officer, ANA Holdings Inc. Apr 2023 Director, Managing Executive Officer, ANA Holdings Inc. Apr 2024 Representative Director, Senior Managing Executive Officer, ANA Holdings Inc. Apr 2025 Representative Director, Executive Vice President, Executive Officer, ANA Holdings Inc. Apr 2026 Director, ANA Holdings Inc. (current) President and Representative Director, All Nippon Airways Co., Ltd. (current)
1964-01-11
Eijiro KATSU
Director
Jul 2008 Director-General, Minister's Secretariat, Ministry of Finance Jul 2009 Director-General, Budget Bureau, Ministry of Finance Jul 2010 Vice-Minister of Finance for Budget Affairs, Ministry of Finance Aug 2012 Retired from Ministry of Finance Jun 2013 Representative Director, President, Internet Initiative Japan Inc. Jun 2020 Director, ANA Holdings Inc. (current) Apr 2025 Director, Internet Initiative Japan Inc. Jun 2025 Special Adviser, Internet Initiative Japan Inc. (current)
1950-06-19
Masumi MINEGISHI
Director
Jun 2009 Director and Managing Executive Officer, Recruit Co., Ltd. Apr 2011 Director and Senior Managing Executive Officer, Recruit Co., Ltd. Apr 2012 Representative Director, President and CEO, Recruit Co., Ltd. Oct 2012 Representative Director, President and CEO, Recruit Holdings Co., Ltd. Apr 2021 Representative Director, Chairman and Chair of the Board, Recruit Holdings Co., Ltd. (current) Jun 2022 Director, ANA Holdings Inc. (current)
1964-01-24
Yukari INOUE
Director
Apr 1985 Joined Procter & Gamble Far East, Inc. Mar 2003 Managing Director, Jardine Wines and Spirits K.K. Nov 2005 Representative Director, President, Cadbury Japan K.K. Jul 2013 Representative Member, President, Kellogg Japan LLC Jun 2025 Director, ANA Holdings Inc. (current)
1962-04-04
Emi OZONO
Director
Apr 1988 Joined Sumitomo Bank, Ltd. Apr 1998 Visiting Lecturer (full-time equivalent), Center for Asia-Pacific Studies, Waseda University Apr 2000 Full-time Lecturer, Graduate School of International Corporate Strategy, Hitotsubashi University Oct 2002 Associate Professor, Graduate School of International Corporate Strategy, Hitotsubashi University Apr 2010 Professor, Graduate School of International Corporate Strategy, Hitotsubashi University Apr 2022 Head of International Corporate Strategy Program and Professor, Graduate School of Business Administration, Hitotsubashi University (current) Jun 2026 Director, ANA Holdings Inc. (current)
1965-08-08
Shin KIKUCHI
Full-time Audit & Supervisory Board Member
Apr 1984 Joined Japan Development Bank Jun 2010 Executive Officer, Development Bank of Japan Inc. Jun 2013 Managing Executive Officer, Development Bank of Japan Inc. Feb 2015 Director and Managing Executive Officer, Development Bank of Japan Inc. Jun 2018 Representative Director, Deputy President, Development Bank of Japan Inc. Jun 2020 Representative Director, Chairman, DBJ Asset Management Co., Ltd. Jun 2025 Audit & Supervisory Board Member, ANA Holdings Inc. (current)
1960-12-08
Ichiro FUKUZAWA
Full-time Audit & Supervisory Board Member
Oct 1989 Joined ANA Holdings Inc. Apr 2013 General Manager, Corporate Finance, Planning and Investor Relations Department, ANA Holdings Inc. Apr 2017 Executive Officer, ANA Holdings Inc. Jun 2019 Director, Executive Officer, ANA Holdings Inc. Apr 2020 Director, Managing Executive Officer, ANA Holdings Inc. Apr 2021 Director, Senior Managing Executive Officer, ANA Holdings Inc. Apr 2022 Representative Director, Executive Vice President, Executive Officer, ANA Holdings Inc. Apr 2024 Adviser, ANA Holdings Inc. Jun 2024 Audit & Supervisory Board Member, ANA Holdings Inc. (current)
1961-04-14
Emiko KAJITA
Full-time Audit & Supervisory Board Member
Sep 1984 Joined ANA Holdings Inc. Apr 2013 General Manager, CS Promotion Department, CS & Product Service Office, All Nippon Airways Co., Ltd. Apr 2014 Representative Director, President, ANA Telemart Co., Ltd. Apr 2017 Representative Director, President, ANA Telemart Co., Ltd.; Executive Officer, All Nippon Airways Co., Ltd. Apr 2019 Representative Director, President, ANA Telemart Co., Ltd.; Senior Executive Officer, All Nippon Airways Co., Ltd. Apr 2020 Director, Executive Officer, All Nippon Airways Co., Ltd. Apr 2022 Director, Managing Executive Officer, All Nippon Airways Co., Ltd. Jun 2023 Director, Managing Executive Officer, ANA Holdings Inc. Apr 2024 Adviser, ANA Holdings Inc. Jun 2024 Audit & Supervisory Board Member, ANA Holdings Inc. (current)
1961-08-11
Yukiko MITSUHASHI
Audit & Supervisory Board Member
Apr 1989 Joined Central Japan Railway Company Apr 2000 Registered as attorney-at-law; joined Breakmore Law Office Nov 2002 Joined Ashurst Tokyo Law Office Jan 2010 Joined City-Yuwa Partners Jul 2020 Joined Atsumi & Sakai, Foreign Law Joint Enterprise; Partner (current) Jun 2023 Audit & Supervisory Board Member, ANA Holdings Inc. (current)
1966-06-12
Shinichi FUKUDA
Audit & Supervisory Board Member
Apr 1992 Associate Professor, Institute of Economic Research, Hitotsubashi University Dec 2001 Professor, Graduate School of Economics, University of Tokyo Apr 2025 Director, Center for International Research on the Japanese Economy, University of Tokyo Oct 2025 Specially Appointed Professor, Faculty of Economics and Business Administration, Tokyo Metropolitan University (current) Apr 2026 Specially Appointed Professor, Faculty of Economics, Musashino University (current) Jun 2026 Audit & Supervisory Board Member, ANA Holdings Inc. (current)
1960-12-17
Large Shareholding Reports
NOMURA ASSET MANAGEMENT CO., LTD.
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2026-05-12
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Nomura Asset Management Co., Ltd.
2026-02-20
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Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-29
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-21
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-02-20
Large Shareholding Report
EDINET
2026-01-30
中期経営計画
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-06
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-29
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-03
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-06
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2023-12-06
Amended Quarterly Securities Report
Period: Jul 2022 – Sep 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2022 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-07
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-21
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-05
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-30
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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