)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
ANA Holdings (9202) investor relations material
ANA Holdings Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary30 Oct, 2025
Executive summary
Operating revenue for 1H FY2025 reached a record-high ¥1,190.4 billion, up 8.3% year-over-year, driven by robust passenger demand and the consolidation of Nippon Cargo Airlines (NCA).
Operating income was ¥97.6 billion, down 9.9% year-over-year, but exceeded initial forecasts due to favorable fuel and FX conditions, despite higher personnel and fuel costs and reduced government fuel subsidies.
Net income attributable to owners was ¥76.1 billion, down 5.8% year-over-year, including a gain on bargain purchase/negative goodwill from the NCA consolidation.
Comprehensive income surged 126.3% year-over-year to ¥81.6 billion, reflecting improved other comprehensive income items.
NCA was acquired in August 2025, expanding the cargo network and contributing to revenue growth.
Financial highlights
Operating revenues increased by ¥90.8 billion year-over-year; operating expenses rose by ¥101.5 billion.
EBITDA for 1H was ¥178.8 billion with a margin of 15.0%.
Cash flow from operating activities was ¥179.0 billion; capital expenditures reached ¥123.8 billion.
Diluted net income per share was ¥162.19, up from ¥145.46 year-over-year.
Dividend per share for FY2025 forecasted at ¥60.00, unchanged from prior guidance.
Outlook and guidance
Full-year operating revenue forecast revised upward to ¥2,480.0 billion (+¥110.0 billion from initial plan), operating income to ¥200.0 billion (+¥15.0 billion), and net income to ¥145.0 billion (+¥23.0 billion), reflecting NCA consolidation and favorable trends.
Forecasts revised upward due to lower fuel costs, yen appreciation, and NCA consolidation.
Market assumptions for 2H: FX rate at ¥150/USD, Dubai crude at $75/bbl, Singapore kerosene at $90/bbl.
Drivers of H1 operating income decline?
NCA's impact on full-year cargo revenue forecast?
Key factors for FY2025 earnings forecast upgrade?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next ANA Holdings earnings date
Q3 20252 Feb, 2026
Next ANA Holdings earnings date
Q3 20252 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
ANA Holdings Inc. is a Japanese aviation company primarily known as the parent company of All Nippon Airways (ANA), one of Japan's largest airlines. The company provides domestic and international air transportation services, including passenger and cargo flights, through ANA and affiliated airlines. In addition to aviation, ANA Holdings has diversified interests in travel services, airline-related businesses, and IT services. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage