TOKYO, Apr 30 (Pulse News Wire) – Star Flyer Inc. (9206.T) reported revenue growth for the fiscal year ending March 31, 2026, driven by increased passenger and cargo transport revenues.
However, foreign exchange losses impacted profitability. For the fiscal year ended March 31, 2026, the company recorded sales of ¥44.80 billion, operating profit of ¥434 million, ordinary profit of --¥77.4 million, and net profit of ¥34 million. Compared to the previous fiscal year, sales grew by ¥6.8 million%, while operating profit rose by ¥660 million%. Net profit decreased by --¥52.5 million%. The increase in sales was attributed to higher production volumes and passenger numbers. Operating expenses climbed due to higher foreign currency-denominated maintenance costs, leading to a rise in total operating expenses by 4.2%.
Foreign exchange losses accounted for much of the decline in ordinary profit and net profit. In terms of cash flow, the company experienced a decrease in cash and equivalents by ¥793 million compared to the prior fiscal year. Cash inflow from operations amounted to ¥1.559 billion, while investment activities resulted in outflows of ¥1.509 billion. Financing activities also led to outflows of ¥998 million, primarily due to debt repayments and lease payments. Looking ahead, Star Flyer expects continued growth in the next fiscal year, projecting sales to reach ¥47.86 billion, with anticipated increases in operating profit, ordinary profit, and net profit. The company plans to hold an investor briefing on May 22, 2026, to discuss its performance and outlook further.
Financial results — FY2026/3 (consolidated)
| Metric | Current | YoY |
|---|---|---|
| Revenue | ¥44,795M | +4.4% |
| Operating profit | ¥1,389M | +12.9% |
| Net profit | ¥434M | -77.4% |
Next period forecast
Revenue
¥47,860M
+6.8%Op. profit
¥660M
-52.5%Net profit
¥600M
+38.2%Source: TDNet filing · Figures in millions of yen
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