1. Japan Stocks

  2. •

    Consumer Cyclical

  3. •

    Travel Services
AirTrip Corp.

AirTrip Corp.

6191.T
AirTrip Corp.JP flagTokyo Stock Exchange
807.00
JPY
-13.00
- -
18.38BMarket Cap
AirTrip Corp.
6191.T
(Tokyo Stock Exchange)

Recent

price

807.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
602.17
260.64
330.06
713.44
1,294.64
1,060.04
828.3
613.96
1,051.83
1,187.41
1,255.44
1,087.78
Revenue per Share
37.7
22.17
41.88
49.09
38.94
-433.78
112.12
77.35
57.3
89.96
79.47
52.55
Basic EPS, GAAP
46.43
29.65
-32.39
-32.73
-77.13
-68.82
144.92
95.74
144.38
55.86
- -
63.3
Free Cash Flow per Basic Share
- -
- -
- -
6.78
9.37
9.83
9.6
9.94
9.94
9.97
- -
10.39
Dividend per Share
69.85
94.79
129.45
170.87
294.02
-149.57
254.91
310.93
367.42
445.41
515.59
401.69
Book Value per Share
53.03
133.04
119.61
-110.47
90.55
13.72
287.43
340.12
497.35
536.79
593.9
527.12
Tangible Book Value per Share
5
15
17
17
19
20
21
22
22
22
22
22
Basic Weighted Avg Shares
2,755
4,001
5,533
12,426
24,306
21,241
17,524
13,589
23,386
26,571
28,104
24,283
Sales/Revenue/Turnover
11.36
15.46
12.96
-1.09
2.17
-40.41
13.2
13.97
8.09
10.87
11.05
10.02
Operating Margin (%)
64
89
115
429
893
1,608
866
701
673
660
- -
677
Depreciation Expense
172
340
702
855
731
-8,692
2,372
1,712
1,274
2,013
1,779
1,173
Net Income, GAAP
35.86
31.34
25.5
12.83
- -
- -
17.35
19.85
44.25
- -
35.49
47.38
Effective Tax Rate (%)
6.26
8.51
12.69
6.88
3.01
-40.92
13.54
12.6
5.45
7.58
6.33
4.83
Profit Margin (%)
34
1,725
1,806
188
4,423
3,533
6,640
8,706
11,348
9,524
11,314
9,202
Working Capital
100
82
622
4,009
5,110
7,715
4,033
4,095
3,247
2,609
2,664
2,712
LT Debt
397
2,346
3,394
5,479
10,098
2,538
8,136
9,908
13,287
14,731
16,509
14,251
Total Equity
- -
22.84
13.71
-1.11
- -
- -
10.87
8.49
5.67
- -
9.88
6.8
Return on Invested Capital (%)
- -
21.93
20.44
8.35
- -
- -
17.01
12.82
10
- -
10.27
10.72
Return on Capital (%)
- -
38.36
38.73
33.23
17.21
- -
- -
27.89
16.93
22.2
16.54
13.99
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'23
Dec'24
Mar'24
ST Debt
2,401
2,367
2,096
LT Borrowings
2,046
1,805
1,591
LT Finance Leases
1,201
1,203
1,121
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
22
22
22
Market Capitalization
47,151
41,228
36,119

Working Capital

FRC

•

in mil. unless spec.
Sep'23
Dec'24
Mar'24
Total Current Assets
24,615
19,543
20,181
Cash, Cash Equivalents & STI
19,442
15,171
15,342
Accounts Receivable, Net
2,985
2,436
2,703
Inventories
17
57
58
Total Current Liabilities
13,267
10,774
10,979
Payables & Accruals
- -
- -
- -
ST Debt
2,401
2,367
2,096
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
90.55%
59.88%
12.07%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
-121.25%
-26.86%
-11.62%
Sales/Revenue/Turnover
34.26%
10.31%
5.77%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,397
6,088
- -
- -
26,571
2025
- -
- -
- -
- -
28,104
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10.64
34.67
- -
- -
89.96
2025
- -
- -
- -
- -
79.47
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.25
0.67
- -
- -
9.97
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
AirTrip Corp. (TSE:6191) operates as an online travel agency and diversified IT services provider primarily in Japan. The company offers a comprehensive suite of travel-related products and services through its flagship AirTrip platform, including domestic and international flight bookings, hotel reservations, AirTrip Plus bundled packages, rental cars, overnight and highway buses, bullet train tickets, and activity reservations; inbound travel agency services for foreign tourists, Wi-Fi router rentals, tourist guides, and dynamic packaging; cloud-based tools such as Kanzashi Cloud for accommodation management and Wakizashi Cloud for cancellation fee automation; media services encompassing Japan's largest email newsletter with 4.3 million subscribers, web media platforms, live streaming, and corporate advertising; IT offshore development from its Vietnam hub handling large-scale software projects; investment activities via AirTrip CVC for strategic M&A and venture support; regional revitalization through tourism and HR tech; matching platforms for marketing talent; CXO networking events; HR consulting and staffing; airline general agency support; Okinawa car rentals; overseas tours to Hawaii, Philippines, Central/South America, New Zealand, and Northern Europe; enterprise DX development; corporate travel and healthcare referral services; creative solutions and branding; AI robots like Cinnamon and donut AI; golf life support services; foreign exchange machines with IoT/AI; and machiya accommodations with Japanese culture experiences in Kyoto, Kanazawa, and Takayama. Founded in 2007 and headquartered at Atago Green Hills MORI Tower in Minato-ku, Tokyo, AirTrip, formerly Evolable Asia Corp. until its rebranding in January 2020, maintains operations centered in Japan with offshore development in Vietnam and targets both domestic consumers and inbound tourists. Recent developments include the announcement of its long-term "AirTrip 5000" growth strategy and FY09/25 financial results in February 2025 showing record-high consolidated net sales of 28.02 billion yen and operating profit after impairments of 3.15 billion yen; completion of a majority stake acquisition in knocklearn Inc. following an agreement in December 2024; a planned majority stake acquisition in Nayuta Co., Ltd. agreed in September 2025; transfer of a specified subsidiary and termination of the AirTrip-Premium Benefit Club shareholder program in August 2025; upward revisions to FY09/25 earnings forecasts in July 2025; and changes in major shareholders in July 2025.