Airtrip Corp. · TSE:6191

Airtrip — Q3 FY2026 Earnings Presentation

119 slides from Airtrip's earnings presentation, Aug 14, 2026

1. Slide 1: Financial Results

   FY2026.9 3Q August 14, 2026 Financial Results AirTrip Corp. Tokyo Stock Exchange Prime: 6191 To the Next Stage Continuation of the 3rd Stage after listing AirTrip Group will restart

2. Slide 2: FY26.9 3Q "To the Next Stage"

   FY26.9 3Q "To the Next Stage" FY26.9 3Q Operating Income 3.57 billion yen (before deduction of impairment losses, etc.) (YoY 118.0%) While growth in the AirTrip Online Travel Business has slowed further and competition has intensified, other business segments following the AirTrip Online Travel Busi

3. Slide 3: Major Businesses that Form the Strengths of the AirTrip Group

   AirTrip Economic Zone Aiming to achieve a "transaction volume of 500 billion yen" by launching one business each year Through the promotion of each business, including the four listed companies of the AirTrip Group, the execution of continuous M&A and capital and business alliances, and the construc

4. Slide 4: Introduction to the AirTrip Economic Zone (Total 22 Businesses)

   AirTrip Economic Zone Introduction to the AirTrip Economic Zone (Total 22 Businesses) AirTrip Online Travel Business In the domestic travel sector, we aim to significantly expand revenue through the strengthening of new products and strategic marketing investments. In the overseas travel sector, we

5. Slide 5: Introduction to the AirTrip Economic Zone (Total 22 Businesses)

   AirTrip Economic Zone Introduction to the AirTrip Economic Zone (Total 22 Businesses) Inbound Travel Agency / Wi-Fi Rental Business Inbound Platform Corp. (TSE Growth Listing: 5587) will play a central role in introducing Japan's attractive tourist areas and culture, and providing travel Inbound Pla

6. Slide 6: Introduction to the AirTrip Economic Zone (Total 22 Businesses)

   AirTrip Economic Zone Introduction to the AirTrip Economic Zone (Total 22 Businesses) Matching Platform Business / Digital Marketing Business GROWTH plays a central role, aiming to solve the shortage of human resources in companies and to become the best job-matching platform for freelancers and sid

7. Slide 7: Introduction to the AirTrip Economic Zone (Total 22 Businesses)

   AirTrip Economic Zone Introduction to the AirTrip Economic Zone (Total 22 Businesses) Overseas Tour Business Accepting and arranging a wide variety of travel requests, mainly in areas such as Hawaii, the Philippines, Central and South America, New Zealand, and Scandinavia. AirTrip Corp. KAMOME CORPO

8. Slide 8: Introduction to the AirTrip Economic Zone (Total 22 Businesses)

   AirTrip Economic Zone Introduction to the AirTrip Economic Zone (Total 22 Businesses) Human Resources Solution Business With investment partner PIKAPAKA AGENT Corp. at its core, the company provides system engineering services, recruitment support services, and aims PIKAPAKA AGENT Corp. to be a spec

9. Slide 9: Summary of M&A and Capital/Business Alliances in FY26.9

   Summary of M&A and Capital/Business Alliances in FY26.9 Gathering companions to expand and strengthen the AirTrip Economic Zone / Announced 7 M&A and capital/business alliances in FY26.9 ● We plan to continue actively investing in growth and gathering allies through M&A. January 2026 Share acquisiti

10. Slide 10: AirTrip Group's Promises / Code of Conduct

    AirTrip Group's Promises / Code of Conduct Realizing a comfortable workplace and low turnover rate by promoting work style reforms and strengthening compliance, and striving for business by adhering to the AirTrip Group's Promises / Code of Conduct 1. Building the "AirTrip" brand The AirTrip Group a

11. Slide 11: Executing strategic investments in human resources that lead to corporate value growth

    Initiatives for human capital management (Key measures) Executing strategic investments in human resources that lead to corporate value growth We view employees as a valuable asset to the company and, through various initiatives, have achieved a low turnover rate and contributed to strong performanc

12. Slide 12: Executive Summary

    Executive Summary FY26.9 3Q "To the Next Stage" 1. FY26.9 3Q consolidated business results: transaction volume of 93.1 billion yen (YoY 107.0%), revenue of 27.13 billion yen (YoY 135.4%), operating profit of 3.57 billion yen (before deduction of impairment losses, etc.) (YoY 118.0%) (1) Consolidated

13. Slide 13: Contents

    01 Recent Topics 02 Investment and Financial Highlights 03 FY26.3Q Financial Results Summary 04 FY26.9 Earnings Forecast / Shareholder Returns Contents 05 FY26.3Q Key KPI Trends 06 FY26.3Q Business Progress 07 M&A Strategy 08 Medium-term growth strategy 'AirTrip 5000' Copyright © AirTrip Corp. All r

14. Slide 14: Recent Topics

    01 Recent Topics Copyright © AirTrip Corp. All rights reserved. 14

15. Slide 15: AirTrip Super Summer Sale 2026 to be held!

    AirTrip Online Travel Marketing Business " AirTrip " Super Summer Sale 2026 to be held! Further strengthening of sales promotion through sale measures tailored to the high travel demand period from summer to the early autumn holidays! Copyright © AirTrip Corp. All rights reserved. 15

16. Slide 16: Magmag, Inc. (TSE Standard / FSE Q-Board Stock Code: 4059)

    listed subsidiaries Media Business Magmag, Inc. (TSE Standard / FSE Q-Board Stock Code: 4059) Revenue 116% YoY, Operating Income decreased due to increased costs in the investment phase Market capitalization 1.2 billion yen August 13, 2026 closing price Stock Code: 4059 Stock Price: 402 yen *Magmag

17. Slide 17: Magmag, Inc. (TSE Standard / FSE Q-Board Stock Code: 4059)

    listed subsidiaries Media Business Magmag, Inc. (TSE Standard / FSE Q-Board Stock Code: 4059) Dual listing on the Fukuoka Stock Exchange Q-Board market Aiming to become a content platform that connects regions, companies, and creators, starting from Kyushu Copyright © AirTrip Corp. All rights reserv

18. Slide 18: Hybrid Technologies Co., Ltd. (TSE Growth, Stock Code: 4260)

    Global IT Comprehensive Service listed subsidiaries Business Hybrid Technologies Co., Ltd. (TSE Growth, Stock Code: 4260) Consolidated from October 1, 2025, incorporating revenue and profits at all levels Strong YoY performance driven by contributions from M&A in Vietnam, etc. Market capitalization

19. Slide 19: Inbound Platform Corp. (TSE Growth, Stock Code: 5587)

    Inbound Travel Agency / Wi-Fi Rental listed subsidiaries Business Inbound Platform Corp. (TSE Growth, Stock Code: 5587) With the number of inbound tourists exceeding 32.11 million and a favorable environment of 101.9% YoY, transaction volume reached 119.8% of the previous full-year results as of the

20. Slide 20: Acquired SPEED spring, operator of BUPURA salon franchise

    Beauty FC Business BUPURA Acquired SPEED spring, which operates the "BUPURA" small-face salon franchise with over 200 stores, as a subsidiary! Launched our 22nd business, the "Beauty FC Business"! ● Leveraging the "AirTrip" customer base and brand power to provide full support for FC owner recruitme

21. Slide 21: AirTrip CXO Salon paid membership has reached 800 companies!

    AirTrip CXO Salon CXO Community Business AirTrip CXO Salon paid membership has reached 800 companies! In the invitation-only executive community "AirTrip CXO Salon," approximately one and a half years after the full-scale service launch in November 2024, we have reached 800 companies Paid membership

22. Slide 22: AirTrip Fest 2026 will finally be held on August 27

    CXO Community Business AirTrip CXO Salon "AirTrip Fest 2026" will finally be held on August 27 (Thu)! AirTrip Fest is a talk session and large networking event where business people from all genres gather. Details of the talk session have been decided! Talk Session Themes 17:30 - 17:45 What is netwo

23. Slide 23: Support Organization for the ICT Startup League

    Corporate Information Fostering Next-Generation Talent ~Collaboration with Social Capital~ Participation decided as a "Support Organization" for the ICT Startup League, initiated by the Ministry of Internal Affairs and Communications' project. Participation decided as a "Support Organization" to pro

24. Slide 24: Investment and Financial Highlights

    02 Investment and Financial Highlights Copyright © AirTrip Corp. All rights reserved. 24

25. Slide 25: Investment and Financial Highlights (1/2)

    Investment and Financial Highlights (1/2) FY26.9 3Q Consolidated Business Results ● The breakdown of 3.57 billion yen in operating income (before deduction of impairment losses, etc.) is as follows: Online Travel Business 2.02 Operating Income (before deduction of Operating Income (after impairment

26. Slide 26: Investment and Financial Highlights (2/2)

    Investment and Financial Highlights (2/2) FY26.9 3Q Consolidated Business Results Transaction volume revenue Gross profit Operating Income toB Business ARR (before deduction of impairment losses, etc.) 93.1 billion yen 27.13 billion yen 13.96 billion yen 3.57 billion yen 1.37 billion yen (YoY 107.0%

27. Slide 27: FY26.3Q Financial Results Summary

    03 FY26.3Q Financial Results Summary Copyright © AirTrip Corp. All rights reserved. 27

28. Slide 28: Consolidated Transaction Volume Trend

    FY26.3Q Financial Results Summary Consolidated Transaction Volume Trend Transaction volume 93.1 billion yen YoY 107.0% ● Expansion of the AirTrip Economic Zone offsets the slowdown in growth and intensifying competition in the AirTrip Online Travel Business Consolidated transaction volume (billion y

29. Slide 29: Consolidated Revenue Trend

    FY26.3Q Financial Results Summary Consolidated Revenue Trend Revenue 27.13 billion yen YoY 135.4% ● Expansion of the AirTrip Economic Zone offsets the slowdown in growth and intensifying competition in the AirTrip Online Travel Business Consolidated revenue (million yen) Copyright © AirTrip Corp. Al

30. Slide 30: Consolidated Operating Income Trend

    FY26.3Q Financial Results Summary Consolidated Operating Income Trend Operating Income 3.17 billion yen (after impairment losses) YoY 118.0% ● Each business segment following the AirTrip Online Travel Business performed well, resulting in a year-on-year increase in profit. Consolidated operating inc

31. Slide 31: Consolidated Income Statement Summary

    FY26.3Q Financial Results Summary Consolidated Income Statement Summary Transaction volume, revenue, and profit at each stage increased YoY (million yen) FY25.3Q FY26.3Q Amount Ratio to Sales Amount Ratio to Sales transaction volume 87,058 — 93,141 — revenue 20,027 100.0% 27,126 100.0% Gross profit

32. Slide 32: YoY Comparison of Operating Income by Segment

    FY26.3Q Financial Results Summary YoY Comparison of Operating Income (before deduction of impairment losses, etc.) by Segment Achieved YoY profit growth in all segments! (million yen) FY25.3Q FY26.3Q Change Unit: (million yen) Online Travel 1,918 2,023 105 Inbound 266 297 31 IT Development (73) 162

33. Slide 33: Segment Profit and Loss Overview

    FY26.3Q Financial Results Summary Segment Profit and Loss Overview Online Travel Business segment drives overall performance ● Reporting segments changed from FY2026.9 (million yen) Reporting Segments Total AirTrip Economic Zone Online Travel Inbound IT Development Investment Other transaction volum

34. Slide 34: (Supplement) Regarding segment change

    FY26.3Q Financial Results Summary (Supplement) Regarding segment change Scheduled to change reporting segments from FY2026.9 ● Changing from the three segments of 'Online Travel Business', 'IT Off-shore Development Business', and 'Investment Business' to five segments: 'Online Travel Business', 'Inb

35. Slide 35: Consolidated Balance Sheet Overview

    FY26.3Q Financial Results Summary Consolidated Balance Sheet Overview Equity capital remains strong through the accumulation of profits (million yen) FY25.4Q FY26.3Q Change Current assets 23,677 27,827 4,150 Cash and deposits 12,112 13,231*1 1,119 Operating investment securities, etc. 5,960 6,322 36

36. Slide 36: Consolidated Cash Flow Statement Overview

    FY26.3Q Financial Results Summary Consolidated Cash Flow Statement Overview Cash flows remained steady (million yen) FY25.3Q FY26.3Q Change Cash flow from operating activities 3,312 2,490 (822) Cash flow from investing activities (1,196) (1,899) (703) Cash flow from financing activities (635) (480)

37. Slide 37: FY26.9 Earnings Forecast / Shareholder Returns

    FY26.9 Earnings Forecast / 04 Shareholder Returns Copyright © AirTrip Corp. All rights reserved. 37

38. Slide 38: FY26.9 Full Year Results Forecast and Progress

    FY26.9 Earnings Forecast FY26.9 Full Year Results Forecast and Progress FY26.9 performance is generally in line with the full year results forecast (million yen) FY26.9 FY26.9 Progress rate Full year results forecast 3Q results (vs. initial forecast) (Revised forecast) (Actual) transaction volume 13

39. Slide 39: FY26.9 earnings forecast unchanged from May 15 forecast

    FY26.9 Earnings Forecast FY26.9 earnings forecast is transaction volume of 135 billion yen, revenue of 34 billion yen, and operating income of 1.5 billion yen, with no changes from the May 15 forecast Aiming to achieve operating profit of 5 billion yen (before deduction of impairment losses, etc.) a

40. Slide 40: Supplement to FY26.9 Earnings Forecast

    FY26.9 Earnings Forecast Supplement to FY26.9 Earnings Forecast Existing businesses will continue to aim for increased revenue and profit, mainly in the AirTrip Online Travel Business, and reinvest the profits earned into 'AirTrip 5000' future growth for early achievement ● Aiming for further busine

41. Slide 41: Regarding the Acquisition of Treasury Shares

    shareholder returns Regarding the Acquisition of Treasury Shares We have resolved to acquire treasury shares to implement a flexible capital policy that responds to changes in the business environment, such as further enhancing shareholder returns and utilizing them as part of the consideration for

42. Slide 42: (Repost) Executive Summary

    (Repost) Executive Summary FY26.9 3Q "To the Next Stage" 1. FY26.9 3Q consolidated business results: transaction volume of 93.1 billion yen (YoY 107.0%), revenue of 27.13 billion yen (YoY 135.4%), operating profit of 3.57 billion yen (before deduction of impairment losses, etc.) (YoY 118.0%) (1) Con

43. Slide 43: FY26.3Q Key KPI Trends

    05 FY26.3Q Key KPI Trends Copyright © AirTrip Corp. All rights reserved. 43

44. Slide 44: Gross Profit Trend

    Gross Profit Trend Gross profit increased year-on-year for the entire business portfolio! The Domestic Travel Business leads the entire business portfolio, although growth has slowed in the Online Travel Business! Gross profit for the entire business portfolio increased year-on-year due to the growt

45. Slide 45: Selling, General and Administrative Expenses Trend

    Selling, General and Administrative Expenses Trend Fixed costs remain below pre-COVID levels Fixed costs remain below pre-COVID levels due to continued review and reduction of SG&A expenses during the COVID-19 pandemic ● In FY26.3Q, monthly SG&A expenses were controlled at approximately 1.19 billion

46. Slide 46: Trends in Advertising Expense Ratio to Gross Profit

    Trends in Advertising Expense Ratio to Gross Profit Executing Strategic Advertising Investments Leveraging the brand awareness gained in the 'advertising investment phase' up to FY19.9, we will continue to invest in future growth while strategically investing in advertising in line with travel deman

47. Slide 47: Trends in the variable cost ratio to gross profit

    Trends in the variable cost ratio to gross profit Continuing to optimize the variable cost ratio to gross profit The variable cost ratio to gross profit continues to be optimally controlled through marketing investments and operation costs in response to changes in travel demand ● Strategically cont

48. Slide 48: Organic gross profit trend

    AirTrip Online Travel Business Organic gross profit trend Organic gross profit*1 Significant growth in domestic products compared to the previous quarter! ・ Domestic products achieved 115% growth compared to FY26.2Q! ・ Due to external factors and stagnation in the macro environment, the recovery pac

49. Slide 49: AirTrip App Gross Profit Trend

    AirTrip Online Travel Business AirTrip App Gross Profit Trend Maintaining a high level of gross profit after deductions through optimal advertising operations! Compared to FY26.2Q, gross profit after advertising cost deductions reached 110%! Gross profit Gross profit after deductions Advertising exp

50. Slide 50: Trend of Other Focus Products

    AirTrip Online Travel Business Trend of Other Focus Products The number of reservations for other focus products*1 maintains an upward trend at 104% compared to the previous quarter! Compared to FY26.2Q, domestic products achieved 106%, supporting the stagnation of overseas products Domestic product

51. Slide 51: Number of portfolio company IPOs and profit/loss trend

    Investment Business(AirTrip CVC） Number of portfolio company IPOs and profit/loss trend (Investment Business (AirTrip CVC)) FY26.3Q cumulative portfolio company IPOs 1 company Investment Business Profit/Loss +0.01 billion yen Securing profits through the generation of portfolio company IPOs and valu

52. Slide 52: Trend of BtoB Business Area

    Trend of BtoB Business Area Expansion of BtoB Business Area and Strengthening of Revenue Base Steady progress in "Accumulation of BtoB Revenue" as set forth in "AirTrip 5000" Trend of BtoB Business Area Net Sales Unit: 100 million yen Raising the floor of stable revenue and growth of recurring busin

53. Slide 53: FY26.3Q Business Progress

    06 FY26.3Q Business Progress Three listed subsidiaries AirTrip Online Travel Business AirTrip Economic Zone and other businesses Investment Business(AirTrip CVC） Copyright © AirTrip Corp. All rights reserved. 53

54. Slide 54: Media Business

    Media Business magmag Forming a growth cycle for the main business through efficiency improvements × reinvestment Revenue at 116%, operating income decreased by 6 million yen YoY Unit: million yen 368 Platform Business 317 Implemented marketing measures utilizing the IP of existing creators, and 300

55. Slide 55: Global IT Comprehensive Service Business

    Global IT Comprehensive Service Business Hybrid Technologies Co., Ltd. YoY Business progress at the new Vietnam subsidiary (NGSC), which was consolidated from the current period, resulted in YoY revenue and profit growth. 売上高 Operating Income 4,870 5,000 300 YoY profit growth due to overseas busines

56. Slide 56: Transaction Volume, Revenue, and Operating Income Trends

    Inbound Travel Agency / Wi-Fi Rental Business Inbound Platform Corp. Transaction Volume, Revenue, and Operating Income Trends With the number of inbound tourists exceeding 32.11 million and a favorable environment of 101.9% YoY, transaction volume reached 119.8% of the previous full-year results as

57. Slide 57: Inbound Platform Corp. results

    Inbound Travel Agency / Wi-Fi Rental Business Inbound Platform Corp. YoY The number of foreign visitors to Japan from many countries has reached a record high, and sales have exceeded 2.9 billion yen ! Compared to the same period last year, we achieved 129% in sales and 122% in operating income. The

58. Slide 58: Launch of Tourism Solution Services

    Inbound Travel Agency / Wi-Fi Rental Inbound Platform Corp. Business Launch of Tourism Solution Services The land operator service of the tourism solution business, which launched in May 2026, has secured many orders through marketing and sales activities at exhibitions and other events, primarily i

59. Slide 59: FY26.3Q Business Progress

    06 FY26.3Q Business Progress Three listed subsidiaries AirTrip Online Travel Business AirTrip Economic Zone and other businesses Investment Business(AirTrip CVC） Copyright © AirTrip Corp. All rights reserved. 59

60. Slide 60: Gross profit in the Domestic Travel Business

    AirTrip Online Travel Business AirTrip Domestic Travel Business Gross profit in the Domestic Travel Business Quarterly total is 99% YoY 2026 Gross profit 2025 Gross profit April Gross profit May Gross profit June Gross profit YoY 100% YoY 95% YoY 101% 25.4 26.4 25.5 26.5 25.6 26.6 *The figures above

61. Slide 61: AirTrip Super Summer Sale 2026 to be held!

    AirTrip Online Travel Marketing Business " AirTrip " Super Summer Sale 2026 to be held! Further strengthening of sales promotion through sale measures tailored to the high travel demand period from summer to the early autumn holidays! Copyright © AirTrip Corp. All rights reserved. 61

62. Slide 62: Annual supporter of the Japan Karatedo Federation

    AirTrip Online Travel Marketing Business " AirTrip " continues as an annual supporter of the Japan Karatedo Federation! Supporting the "sound development of youth" through sponsorship of various karate tournaments held this season! Copyright © AirTrip Corp. All rights reserved. 62

63. Slide 63: AirTrip Promotion & SNS Campaign Measures

    AirTrip Online Travel Business Marketing " AirTrip " Promotion & SNS Campaign Measures Expanding awareness through AirTrip logo exposure at various events and running campaigns using official SNS! Continuing to further strengthen AirTrip branding and provide rewards to AirTrip members! "AirTrip pres

64. Slide 64: Domestic Air Tickets: reservations and gross profit vs FY26.2Q

    AirTrip Online Travel Business Domestic Air Tickets Achieved a 113% increase in gross profit while maintaining the number of reservations through the promotion of sales measures! Achieved growth of 100% in reservations and 113% in gross profit compared to FY26.2Q! Implementation of enhanced exposure

65. Slide 65: Improving convenience through UI/UX enhancements and campaigns

    AirTrip Online Travel Business Domestic Air Tickets Improving convenience through UI/UX enhancements and strengthening profitability through campaign implementation UI/UX improvements through Improved convenience through optimized price display the installation of a search bar in the User Guide Impl

66. Slide 66: Domestic AirTrip Plus: revenue base through strategic promotion

    AirTrip Online Travel Business Domestic AirTrip Plus Establishing a Revenue Base through Strategic Promotion and Enhanced Product Competitiveness Achieved expansion of new traffic through external partnerships, as well as product lineup expansion and improved site convenience Customer Acquisition th

67. Slide 67: AirTrip Plus Initiatives for the Growth of the Domestic Travel Business

    AirTrip Online Travel Business Domestic AirTrip Plus AirTrip Plus Initiatives for the Growth of the Domestic Travel Business Promoting the expansion of customer acquisition through the enhancement of product lineups, strengthening of external partnerships, and the deployment of various campaign meas

68. Slide 68: Domestic hotels: cross-sell enhancement and SEO measures

    AirTrip Online Travel Business domestic hotels Increasing the number of reservations through cross-sell enhancement and SEO measures Achieved 111% transaction volume and 119% number of reservations compared to FY25.3Q Acceleration of cross-selling through UI/UX optimization Improved cross-sell flow

69. Slide 69: Strengthening relationships with accommodation facilities and cross-sell UI

    AirTrip Online Travel Business domestic hotels Increasing reservations by strengthening relationships with accommodation facilities and improving cross-sell UI Promoting the strengthening of in-house customer acquisition and traffic expansion through multifaceted content expansion and SEO strengthen

70. Slide 70: Domestic Car Rental: transaction volume and CVR

    AirTrip Online Travel Business Domestic Car Rental Both transaction volume and CVR improved through inventory expansion and UI/UX improvements Achieved 131% in transaction volume and 114% in CVR compared to FY26.2Q Driving transaction volume growth through product lineup expansion Strengthened inven

71. Slide 71: AirTrip Bus: payment methods and SEO measures

    AirTrip Online Travel Business AirTrip Bus Increased transaction volume and number of bookings by adding payment methods and SEO measures Achieved 188% transaction volume and 191% number of bookings compared to FY25.3Q Implemented various measures to further increase transaction volume Achieved high

72. Slide 72: Shinkansen: UI/UX improvements and advertising refinement

    AirTrip Online Travel Business Shinkansen Achieving continuous high growth through UI/UX improvements and advertising refinement Achieved 114% transaction volume and 112% gross profit compared to FY25.3Q Significant improvement in CVR through UI/UX modifications to the payment and purchase flow Impl

73. Slide 73: Implementing sales tailored to market trends and purchasing demand

    AirTrip Online Travel Business Overseas Air Tickets / Overseas AirTrip Plus (Air Ticket + Hotel) Implementing sales tailored to market trends and purchasing demand Report on Major Sales Conducted from April to June April Fuel Surcharge Increase Discount May Coupon Promotion Overview Overview Period:

74. Slide 74: Service improvements implemented based on customer feedback

    AirTrip Online Travel Business Overseas Air Tickets, Overseas Hotels, Overseas AirTrip Plus (Air Ticket + Hotel) Service improvements implemented based on customer feedback Report on main service improvements implemented from April to June Improvement of app functions Start of email distribution for

75. Slide 75: Ongoing improvements for each product (Overseas Air Tickets)

    AirTrip Online Travel Business Overseas Air Tickets, Overseas Hotels, Overseas AirTrip Plus (Air Ticket + Hotel) Ongoing improvements for each product (Overseas Air Tickets) Report on main service improvements implemented from April to June [Search Results Improvement] UI changes & addition of date

76. Slide 76: Ongoing improvements for each product (Overseas Air Tickets)

    AirTrip Online Travel Business Overseas Air Tickets, Overseas Hotels, Overseas AirTrip Plus (Air Ticket + Hotel) Ongoing improvements for each product (Overseas Air Tickets) Report on main service improvements implemented from April to June Expanded sales product volume for Overseas Air Tickets My P

77. Slide 77: Ongoing improvements for each product (other than overseas air tickets)

    AirTrip Online Travel Business Overseas Air Tickets, Overseas Hotels, Overseas AirTrip Plus (Air Ticket + Hotel) Ongoing improvements for each product (other than overseas air tickets) Report on main service improvements implemented from April to June HTML conversion of booking Strengthening oversea

78. Slide 78: System Development Roadmap

    AirTrip Online Travel Business Overseas Air Tickets, Overseas Hotels, Overseas AirTrip Plus (Air Ticket + Hotel) System Development Roadmap Promoting continuous UI/UX improvements and data-driven system enhancements to accelerate service growth in overseas travel ● Solidify the foundation for servic

79. Slide 79: Tie-up promotions with government tourism bureaus and airlines

    AirTrip Online Travel Business Overseas Air Tickets, Overseas Hotels, Overseas AirTrip Plus (Air Ticket + Hotel) Implementation of tie-up promotions with government tourism bureaus and airlines Taiwan Tourism Tourism Authority of Guam Visitors Bureau Korea Tourism Organization Administration Thailan

80. Slide 80: FY26.3Q Business Progress

    06 FY26.3Q Business Progress Three listed subsidiaries AirTrip Online Travel Business AirTrip Economic Zone and other businesses Investment Business(AirTrip CVC） Copyright © AirTrip Corp. All rights reserved. 80

81. Slide 81: Hawaii travel specialty brand

    Overseas Tour Business Firstwise Hawaii travel specialty brand Participating in the Hawaii Tourism Authority's new project The Hawaii travel specialty brand "Firstwise" has joined the new project "Hawaii from 65," promoted by the Japan office of the Hawaii Tourism Authority to encourage and revitali

82. Slide 82: Kamome Tour e-kamo.

    Overseas Tour Business KAMOME CORPORATION Kamome Tour e-kamo. Developing overseas tours in various directions Sales trends for Canada tours Sales of the popular "Canada Aurora Tour," which boasts an aurora viewing rate of over 95% with three consecutive nights of viewing, have been strong for the 20

83. Slide 83: Collaboration with Local Governments and Tourism Operators (1/2)

    Regional Revitalization Business/Cloud Business Kanzashi Group Promoting Collaboration with Local Governments and Tourism Operators for Regional Revitalization (1/2) Japan's largest hotel chain, "APA Hotel," has Supporting the construction of a "counter-harassment system" specialized for the commenc

84. Slide 84: Collaboration with Local Governments and Tourism Operators (2/2)

    Regional Revitalization Business/Cloud Business Kanzashi Group Promoting collaboration with local governments and tourism operators for regional revitalization (2/2) Launched Needs Tour official LINE account Conducted regular sales with airlines Launched an official LINE account for the domestic tou

85. Slide 85: Promoting Sales Growth in the Matching Platform Business

    Matching Platform Business ・Digital Marketing Business GROWTH Promoting Sales Growth in the Matching Platform Business through New Structure Transition and Sales Strengthening The Matching Platform Business's FY26.3Q sales increased by 107.7% YoY, driven by the strengthening of the sales structure.

86. Slide 86: AirTrip Fest 2026 will finally be held on August 27

    CXO Community Business AirTrip CXO Salon "AirTrip Fest 2026" will finally be held on August 27 (Thu)! AirTrip Fest is a talk session and large networking event where business people from all genres gather. Details of the talk session have been decided! Talk Session Themes 17:30 - 17:45 What is netwo

87. Slide 87: knocklearn: growth in sales and operating income

    HR Consulting Business Division knocklearn Significant growth in both sales and operating income due to an increase in new client acquisitions and LTV improvement Total sales for FY26.3Q were 139% YoY, and operating income was YoY 230%, achieving significant revenue growth Operating profit margin co

88. Slide 88: Okinawa Open Rent-a-Car reservations

    Car Rental Business Okinawa Open Rent-a-Car Number of reservations and reservation amount increased YoY due to strategic pricing and inventory adjustments! Achieved 106% in number of reservations and 125% in reservation amount compared to FY26.2Q Improvement in reservation unit price through strateg

89. Slide 89: NAYUTA Inc. results

    Enterprise DX Development Business NAYUTA Inc. Despite a slight decrease in revenue and profit YoY due to temporary factors, underlying performance remains solid Revenue and operating income decreased due to the recording of spot revenue in the previous period and temporary expenses recorded during

90. Slide 90: BUPURA franchise stores reach 235

    Beauty FC Business BUPURA Number of franchise stores accelerating to 235 25 new stores in the last 3 months, further advancing nationwide expansion Number of BUPURA franchise stores Accelerating franchise expansion nationwide With 210 stores in May 2026, 220 in June, and 235 in July, the number of f

91. Slide 91: Travel jp supply base expansion

    Portal Site Business Travel jp Continued strengthening of Travel jp's supply base, with product expansion centered on overseas tours. Strengthened fundamental capabilities as a metasearch engine by improving the comprehensiveness of domestic and international products. Laying the groundwork for futu

92. Slide 92: FY26.3Q Business Progress

    06 FY26.3Q Business Progress Three listed subsidiaries AirTrip Online Travel Business AirTrip Economic Zone and other businesses Investment Business(AirTrip CVC） Copyright © AirTrip Corp. All rights reserved. 92

93. Slide 93: Investment in Graphic Holdings Co., Ltd.

    Investment Business(AirTrip Investment Business(AirTrip CVC） CVC） AirTrip CVC Investment in Graphic Holdings Co., Ltd. About Graphic Holdings Co., Ltd. With the vision of "LIFE DRESSING," and the desire to bring "experiences filled with joy, happiness, and excitement" to people's lives, the company

94. Slide 94: Continuing active investment in growth areas

    Investment InvestmentBusiness(AirTrip CVC） Business(AirTrip CVC） AirTrip CVC Continuing active investment in growth areas Cumulative operating investment destinations 155 companies Total investment amount approx. 5.7 billion yen ● Continuing to invest in further growth areas *As of July 2026 ※ The a

95. Slide 95: IPO track record

    Investment Business(AirTrip CVC） AirTrip CVC IPO track record IPO track record of portfolio companies is 24 (including 3 subsidiaries) ● Continuously building IPO track record each period FUNDINNO LogProstyle Inc. MEEQ Inc. Flier Inc. GVA TECH, Inc. ROXX, Inc. [TSE Growth: 462A] Listed in December 2

96. Slide 96: M&A Strategy

    07 M&A Strategy Gathering companions to expand and strengthen the AirTrip Economic Zone Copyright © AirTrip Corp. All rights reserved. 96

97. Slide 97: Track Record (1/3)

    Repost (from FY25.9 4Q materials) M&A Strategy Track Record (1/3) To date, the Group has executed approx. 40 M&A and capital/business alliances AirTrip Economic Zone 22 businesses Our group's largest M&A (May 2018) Domestic Air Tickets International Air Tickets / Largest OTA International Travel Lar

98. Slide 98: Track Record (2/3)

    Repost (From the M&A Report published in March 2026) M&A Strategy Track Record (2/3) Executed approximately 40 M&A and business transfers, and plan to continue active and intermittent investment Pre-listing 1st Stage 2nd Stage " AirTrip Re-start " 3rd Stage " AirTrip To the Next Stage " Established

99. Slide 99: Track Record (3/3)

    Repost (from FY25.9 4Q materials) M&A Strategy Track Record (3/3) In the last two years alone, we have executed 16 M&A and capital/business alliances, and we plan to continue active and continuous investment FY24.9 FY25.9 Human Resources Solutions Business October 2023 HR Consulting Business Decembe

100. Slide 100: AirTrip's Strengths in M&A

     Repost (from FY25.9 4Q materials) M&A Strategy AirTrip's Strengths in M&A Sourcing Business Synergy Network Discernment Customer Base Brand Power We discover deals through a wide variety of Our discerning ability is based on extensive We have an extensive customer base in both B2B channels, includin

101. Slide 101: Target

     Repost (from FY25.9 4Q materials) M&A Strategy Target Purpose Target/Aim Acquisition of highly profitable travel-related players ● Acquisition of high-margin revenue sources ● Strengthening cross-sell products ● Cost reduction through synergy and economies of scale Filling the missing pieces ● Expan

102. Slide 102: Results and Achievements

     Repost (from FY25.9 4Q materials) M&A Strategy Results and Achievements ● In addition to the organic growth of the target companies, the business synergy creation and PMI execution have led to steady growth in the operating income and EBITDA of each company after the investment. ● The cumulative eff

103. Slide 103: Medium-term growth strategy 'AirTrip 5000'

     Medium-term growth strategy 08 'AirTrip 5000' Growth strategy to achieve a consolidated transaction volume of 500 billion yen Copyright © AirTrip Corp. All rights reserved. 103

104. Slide 104: Review up to FY2025

     Repost (from FY25.9 4Q materials) Medium-term growth strategy 'AirTrip 5000' Review up to FY2025 The business environment surrounding our company and the business of our group itself have changed significantly since the initial announcement of 'AirTrip 5000' (November 2022) Policies and targets at t

105. Slide 105: Revised the Medium-term growth strategy 'AirTrip 5000'

     Repost (from FY25.9 4Q materials) Medium-term growth strategy 'AirTrip 5000' Revised the Medium-term growth strategy 'AirTrip 5000' ● Consolidated transaction volume 500 billion yen : No change in the basic policy of aiming for endless growth toward achieving this target ● Driving growth through int

106. Slide 106: The vision of the medium-term growth strategy 'AirTrip 5000'

     Repost (from FY25.9 4Q materials) Medium-term growth strategy 'AirTrip 5000' The vision of the medium-term growth strategy 'AirTrip 5000' Aim to raise the bottom line of stable profits by continuing growth investment in the travel business, and to expand overall profits by intermittently executing M

107. Slide 107: AirTrip Travel and toC Service Domain Growth Strategy

     Repost (from FY25.9 4Q materials) Medium-term growth strategy 'AirTrip 5000' AirTrip Travel and toC Service Domain Growth Strategy AirTrip Economic Zone Core Business Area growth strategy Business (Company) As a whole for domestic services, we will promote the slogan 'Making fans every day,' strengt

108. Slide 108: toB Non-Travel Service Area Growth Strategy

     Repost (from FY25.9 4Q materials) Medium-term growth strategy 'AirTrip 5000' toB Non-Travel Service Area Growth Strategy AirTrip Economic Zone Core Business Area growth strategy Business (Company) Centering on the Hybrid Technologies Group, we aim to expand our business on three axes in DX Global IT

109. Slide 109: Track Record (1/3)

     Repost (from FY25.9 4Q materials) (Repost) M&A Strategy Track Record (1/3) To date, the Group has executed approx. 40 M&A and capital/business alliances AirTrip Economic Zone 21 Businesses Our group's largest M&A (May 2018) Domestic Air Tickets International Air Tickets / Largest OTA International T

110. Slide 110: Track Record (2/3)

     Repost (From the M&A Report published in March 2026) (Repost) M&A Strategy Track Record (2/3) Executed approximately 40 M&A and business transfers, and plan to continue active and intermittent investment Pre-listing 1st Stage 2nd Stage " AirTrip Re-start " 3rd Stage " AirTrip To the Next Stage " Est

111. Slide 111: Track Record (3/3)

     Repost (from FY25.9 4Q materials) (Repost) M&A Strategy Track Record (3/3) In the last two years alone, we have executed 16 M&A and capital/business alliances, and we plan to continue active and continuous investment FY24.9 FY25.9 Human Resources Solutions Business October 2023 HR Consulting Busines

112. Slide 112: AirTrip's Strengths in M&A

     Repost (from FY25.9 4Q materials) (Repost) M&A Strategy AirTrip's Strengths in M&A Sourcing Business Synergy Network Discernment Customer Base Brand Power We discover deals through a wide variety of Our discerning ability is based on extensive We have an extensive customer base in both B2B We have a

113. Slide 113: Target

     Repost (from FY25.9 4Q materials) (Repost) M&A Strategy Target Purpose Target/Aim Acquisition of highly profitable travel-related players ● Acquisition of high-margin revenue sources ● Cost reduction through synergy and economies of scale ● Strengthening cross-sell products Filling the missing piece

114. Slide 114: Results and Achievements

     Repost (from FY25.9 4Q materials) (Repost) M&A Strategy Results and Achievements ● In addition to the organic growth of the target companies, the business synergy creation and PMI execution have led to steady growth in the operating income and EBITDA of each company after the investment. ● The cumul

115. Slide 115: Performance targets

     Repost (from FY25.9 4Q materials) Medium-term growth strategy 'AirTrip 5000' performance targets Aiming for operating income of 5 billion yen (before deduction of impairment losses, etc.) by FY28.9, and 10 billion yen (before deduction of impairment losses, etc.) thereafter! Operating Income (before

116. Slide 116: (Supplement) Update points from the previous 'AirTrip 5000'

     Repost (from FY25.9 4Q materials) Medium-term growth strategy 'AirTrip 5000' (Supplement) Update points from the previous 'AirTrip 5000' Updated 'AirTrip 5000' based on changes in business structure and external environment since the last announcement of 'AirTrip 5000' ~Key Update Points~ 01 (1) Cha

117. Slide 117: Our Approach to SDGs

     Repost (from FY25.9 4Q materials) Medium-term growth strategy 'AirTrip 5000' Our Approach to SDGs Through various initiatives to achieve the SDGs, we will continue our endless growth and promote our contribution to sustainable development ● Aiming to further enhance corporate value by improving the

118. Slide 118: Aiming to be the "No. 1 OTA made in Japan"

     Repost (from FY25.9 4Q materials) Medium-term growth strategy 'AirTrip 5000' Aiming to be the "No. 1 OTA made in Japan" Corporate The AirTrip Group will build the AirTrip Economic Zone with the power of IT and create the future Philosophy AirTrip aims to be the No. 1 OTA made in Japan and Mission th

119. Slide 119: Forward-looking statements

     This document also contains forward-looking statements regarding the Company's industry trends and business activities based on the Company's current plans, estimates, forecasts, and projections. These forward-looking statements involve various risks and uncertainties. Known or unknown risks, uncert

AirTrip — Q3 FY2026 Earnings Presentation on 6ix