*In 2010, the Alliance category was not established. JAL was winner in the Asia Regional Airlines category (does not exist currently).
As a result of the above, the capacity of international flights in the third quarter when measured in Available Seat Kilometers (ASK) increased by 1.1% year-on-year, demand when measured in Revenue Passenger Kilometers (RPK) increased by 6.1% year-on-year, the Load Factor (L/F) was 79.1%, up 3.7 percentage points year-on-year, and international passenger revenue came to 345.9 billion yen, down 0.0% from the previous year.
In airport services, we introduced "JAL Express Tag Service" at Haneda Airport domestic counters aimed to save time to check in baggage, under the concept of "JAL Smart Style" to provide simple, convenient and speedy services.
Taking part in the project to revitalize regional Japan through the joint efforts of central and local governments, we launched regional revitalization promotions using "Furusato discounts (*)" to do our part in inspiring more customers to see different parts of Japan.
(*) A common name used for creating travel products, which deduct a certain amount through a subsidy as part of "Urgent Assistance Grant for Regional Citizens, Daily Life, etc."
As a result of the above, capacity of domestic flights during the reporting period decreased by 1.1% year-on-year when measured in Available Seat Kilometers (ASK), demand increased by 1.2% in terms of Revenue Passenger Kilometers (RPK), while the Load Factor (L/F) increased by 1.5 percentage points year-on-year to 68.0%. Domestic passenger revenue increased by 3.0% year-on-year to 384.1 billion yen.
International and Domestic Cargo
In international cargo operations, we continued to promote sales of "J TEMPÂ°," a temperature -controlled transport service using special equipment, and "J SOLUTIONS PHARMA," a specialized transport service for pharmaceuticals.
As a result, cargo volume for the reporting period when measured in Revenue Cargo Ton Kilometers (RCTK) increased by 2.3% year-on-year and revenue was 42.4 billion yen, down 4.1% year-on-year due to a decrease in fuel surcharge, etc.
In domestic cargo operations, we secured shipments exceeding the previous year through aggressive sales, despite the decrease in JAL's capacity. Cargo volume for the reporting period when measured in Revenue Cargo Ton Kilometers (RCTK) increased by 1.7% year-on-year, but revenue was 17.9 billion yen, decreased by 4.3% due to changes in the route structure and such.
(3) JAL Group Consolidated Financial Position
As of March 31, 2015 The Third Quarter of FY2015
As of December 31, 2015 Difference
Total Assets (billion yen) 1,473.3 1,545.7 + 72.4
Net Assets (billion yen) 800.7 894.6 + 93.9
Equity Ratio *1(%) 52.7 56.2 + 3.5 points
(billion yen) 100.5 79.8 - 20.7
Debt/Equity Ratio *2 0.1 0.1 - 0.0
Figures are rounded down to the nearest tenth of a billion yen while percentages are rounded off to the first decimal place.
1. Shareholders' equity is total net assets excluding minority interests.
2. Debt-to-equity ratio is interest-bearing debt divided by shareholders equity.
(4) Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2016
The consolidated earnings forecast remains the same as the full-year forecast announced in "Consolidated Financial Results for the Six Months Ended September 30, 2015" on October 30, 2015.
Unit: Billions of yen Operating Revenues Operating Income Ordinary Income Net Income attributable to owners of the parent
(Announced on October 30, 2015) 1,347.0 204.0 202.0 172.0
(5) Dividend Policy
We intend to pay 25% of net income for the fiscal year belonging to parent after adjusting income tax deferred to our shareholders as dividends. According to our full-year consolidated earnings forecast, we expect to pay a year-end dividend of 119 yen per share.
Dividends per Share
Fiscal Year End Total
Fiscal Year 2015 119.00 yen 119.00 yen
Fiscal Year 2014 104.00 yen 104.00 yen