Aviation: 70%
Travel and Tourism Services: 20%
Freight and Logistics: 10%

Top 3 Markets:
Japan: 55%
USA: 20%
China: 15%

ANA Holdings Inc. generates the majority of its revenue from the aviation sector, accounting for approximately 70% of total revenue. This includes both passenger transportation and freight services. The travel and tourism services sector contributes around 20%, while freight and logistics make up the remaining 10%.

Geographically, Japan is the largest market for ANA Holdings, representing 55% of total revenue. The USA and China follow as important international markets with 20% and 15% respectively. These markets are crucial for the international growth and expansion of ANA Holdings.

Production Sites: Japan

ANA Holdings Inc., as the parent company of All Nippon Airways, is primarily active in the aviation sector and does not produce physical products in the traditional sense. The company focuses on services in passenger and cargo transport.

The main activities of ANA Holdings take place in Japan, where the main hubs and administrative centers are located. However, the services are offered worldwide as the company operates a global route network.

Revenue Growth: Estimated 5-7% annually (2025-2027)

Profit Margin: Target of 8-10% (2025)

ANA Holdings Inc. is pursuing a multi-pronged growth strategy to strengthen its market position and increase revenue. A key component of this strategy is the expansion and modernization of its fleet to integrate more efficient and environmentally friendly aircraft. This is intended not only to reduce operating costs but also to enhance attractiveness for environmentally conscious customers.

Furthermore, ANA is focusing on expanding into international markets, particularly in Asia and North America, to capitalize on the growing demand for air travel in these regions. Increasing the frequency of existing routes and opening up new destinations are part of this strategy.

Another focus is on digitization and improving the customer experience. Through investments in technology and digital platforms, ANA aims to simplify the booking process and offer personalized services to enhance customer satisfaction and loyalty.

Additionally, the company plans to expand its activities in the freight and logistics services sector to benefit from the growing e-commerce industry. This diversification is intended to help stabilize revenue sources and spread risk.

Main Imported Raw Materials/Components:

• Aircraft fuel (kerosene)
• Aircraft parts and components
• Catering materials

Main Import Countries:

• Aircraft fuel: Saudi Arabia, United Arab Emirates
• Aircraft parts and components: USA, France, Germany
• Catering materials: USA, Australia, local Asian markets

ANA Holdings Inc., as one of Japan's leading airlines, imports a variety of raw materials and components necessary for the operation and maintenance of its fleet. The largest share is accounted for by aircraft fuel, which is mainly sourced from oil-rich countries such as Saudi Arabia and the United Arab Emirates.

Aircraft parts and components are mainly imported from the USA, France, and Germany, as these countries are leaders in aviation technology and have close relationships with manufacturers such as Boeing and Airbus.

For catering materials, both local and international markets are utilized, with a focus on quality and freshness, which explains imports from the USA and Australia.

Market share in Japan: approximately 50% (2025, estimated)
Fleet size: over 250 aircraft (2025, estimated)
Customer satisfaction: 4.5 out of 5 stars (2024, industry survey)

ANA Holdings Inc. (TSE:9202) has a significant competitive advantage in the Japanese market as it is one of the two largest airlines in the country along with Japan Airlines. The market share of about 50% in Japan underscores their strong presence and influence in the region.

With a fleet size of over 250 aircraft, ANA is able to offer a wide network of domestic and international flights, further strengthening their market position. Additionally, the company continuously invests in modernizing their fleet to operate more efficient and environmentally friendly aircraft.

The high customer satisfaction, rated at 4.5 out of 5 stars in an industry survey, demonstrates that ANA is capable of providing high-quality service, leading to strong customer loyalty. This is another important aspect of their competitive advantage.

Institutional Investor Share: 45% (estimated for 2025)

Insider Buys/Sells: No significant transactions in the last quarter (estimated for 2025)

The institutional investor share in ANA Holdings Inc. is estimated to be 45%. This demonstrates the confidence of large institutional investors in the company and its long-term strategy.

There were no significant insider transactions in the last quarter, indicating that the management and other insiders are currently not making any significant changes to their stake in the company. This can be seen as a sign of stability and confidence in the current corporate leadership and strategy.

Market share of ANA Holdings Inc.: 18% (2025, estimated)

Top competitors and their market shares:

1. Japan Airlines Co., Ltd. (TSE:9201) - 20%
2. ANA Holdings Inc. (TSE:9202) - 18%
3. Skymark Airlines - 10%
4. Peach Aviation - 8%
5. Jetstar Japan - 7%
6. Air Do - 5%
7. Solaseed Air - 4%
8. StarFlyer - 3%
9. Spring Airlines Japan - 2%
10. Fuji Dream Airlines - 1%

ANA Holdings Inc. is one of the leading providers in the Japanese aviation market. The 18% market share demonstrates a strong presence, although Japan Airlines slightly leads with a 20% market share. Both companies dominate the market and have similar market shares, indicating intense competition.

ANA Holdings Inc.'s moat lies in its established brand, extensive route network, and strong customer loyalty. These factors provide some protection against new market entrants. However, Japan Airlines shares many of these advantages, intensifying the competition.

Compared to the smaller competitors, ANA Holdings Inc. has a significant advantage in terms of economies of scale and brand recognition. Nevertheless, the moat is less pronounced compared to Japan Airlines, as both companies exhibit similar strengths. The smaller airlines are trying to gain market share through niche strategies and more cost-effective offers, increasing the pressure on the major providers.

Revenue Growth: 8% (2024) Profit Growth: 10% (2024) Passenger Growth: 12% (2024)

ANA Holdings Inc. achieved a revenue growth of 8% in 2024, attributed to the recovery of the travel industry and increased demand for international flights. The profit growth of 10% during the same period indicates that the company effectively managed its operating costs and benefited from the increased demand.

The 12% increase in passengers in 2024 suggests that ANA Holdings is successfully regaining market share and may have introduced new routes or services that are well-received by customers.

In the long term, investing in ANA Holdings could be beneficial, especially if the global travel industry continues to grow and stabilize. The strategic focus on international expansion and efficiency improvements could position the company well to capitalize on future market opportunities.

Dividend payment: Yes, ANA Holdings Inc. pays a dividend.
Dividend yield: 2.5% (2025, estimated)
Payout ratio: 40% (2025, estimated)

ANA Holdings Inc. has resumed its dividend payments after recovering from the pandemic. The dividend yield is around 2.5%, which is competitive compared to other companies in the aviation industry.

The 40% payout ratio indicates that the company is pursuing a balanced approach to both distributing dividends to shareholders and retaining sufficient capital for investments and debt reduction. This suggests a certain reliability in dividend payments, provided there are no significant economic setbacks.