ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology Services

AirTrip Corp.

Business Summary

AirTrip Corp. engages in the provision of online travel agency and information technology development businesses. It operates through the following segments: Online Travel Agency, IT Offshore Development, Investment, and Others. The Online Travel Agency segment handles the general online travel services. The IT Off-shore Development segment deals with the laboratory type offshore development and business processing office services. The Investment segment manages the investment in growing companies. The Others segment includes advertisement business. The company was founded by Munenori Oishi and Hideki Yoshimaru on May 11, 2007 and is headquartered in Tokyo, Japan.

Financial Highlights

Sep 2022 JPYUSD
Gross Profit7,564M60.71M
Operating income987M7.92M
Income before tax1,859M14.92M
Net income1,901M15.26M
Diluted EPS84.240.67
Dividends Per Share100.08
Total Assets24,084M166.38M
Total liabilities13,983M96.60M
Total equity9,374M64.76M
Operating cash flow3,575M28.69M
Currency in JPYCurrency in USD

Historical Data

 Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022
Revenue 12,426M 24,306M 21,241M 17,524M 13,510M
Gross Profit 6,463M 12,109M 6,566M 7,190M 7,564M
Operating income -413M 116M -1,616M 2,305M 987M
Income before tax 1,138M 585M -9,190M 3,026M 1,859M
Net income 855M 732M -9,137M 2,372M 1,901M
EBITDA 16M 1,009M -50M 3,171M 1,743M
Diluted EPS 47.29 37.84 -433.77 109.44 84.24
Dividends Per Share 10 13 10 10 10
Total Assets 24,939M 31,253M 21,940M 21,373M 24,084M
Total liabilities 19,455M 21,150M 19,398M 13,233M 13,983M
Total equity 5,099M 9,716M 1,983M 7,475M 9,374M
Operating cash flow 1,376M 586M 129M 3,795M 3,575M
 Sep 2018Sep 2019Sep 2020Sep 2021Sep 2022
Revenue 112.48M 220.89M 196.98M 162.96M 108.44M
Gross Profit 58.50M 110.04M 60.89M 66.86M 60.71M
Operating income -3.73M 1.05M -14.98M 21.43M 7.92M
Income before tax 10.30M 5.31M -85.22M 28.14M 14.92M
Net income 7.74M 6.65M -84.73M 22.05M 15.26M
EBITDA 0.14M 9.16M -0.46M 29.48M 13.99M
Diluted EPS 0.42 0.34 -4.02 1.01 0.67
Dividends Per Share 0.09 0.11 0.09 0.09 0.08
Total Assets 219.56M 289.17M 207.90M 191.55M 166.38M
Total liabilities 171.28M 195.69M 183.81M 118.60M 96.60M
Total equity 44.89M 89.90M 18.79M 66.99M 64.76M
Operating cash flow 12.45M 5.32M 1.19M 35.29M 28.69M

Valuation Measures

Sep 2022
Operating margin7.30%
Profit margin14.07%

Key executives

  • Director: Hideki Yoshimura
  • Chief Operating Officer & Director: Shin Ou
  • CFO, Representative Director & Head-Administration: Yusuke Shibata
  • Director & Head-Global Development Business: Masahide Akiyama
  • Director & Head-Online Travel Business: Takeshi Masuda


  • OISHI MUNENORI (27.5%)
  • Asset Management One Co., Ltd. (4.2%)
  • Nomura Asset Management Co., Ltd. (2.7%)
  • RBC Global Asset Management (Asia) Ltd. (1.7%)
  • The Vanguard Group, Inc. (1.3%)
  • TIAA-CREF Investment Management LLC (0.9%)
  • ETF Managers Group LLC (0.9%)
  • FIL Investments (Japan) Ltd. (0.9%)
  • Dimensional Fund Advisors LP (0.8%)

Contact Details

  • Website:
  • Address: Atago Green Hills MORI Tower, 19/F, 2-5-1 Atago, Tokyo, 105-6219, Japan
  • Phone: +81.3.3431.6191

Related Companies

  • Subscription Factory KK /HR Tech Business/
  • i-Sales, Inc. /Marketing Automation Business/
  • PikaPaka Corp.
  • Bank, Inc. /Travel Now App Business/
  • 747 Enterprise Co., Ltd.
  • Inbound Platform Corp.
  • Airtrip International Co., Ltd.
  • Destination Japan, Inc.
  • N H C Fifteen KK
  • Willgate, Inc. /Bus Reservation Portal Site/
  • EL Monte RV Japan KK
  • Evolable Asia Co. Ltd.
  • N's Enterprise Co., Ltd.
  • Rakuda, Inc.
  • Magmag, Inc.
  • Tokyo Masters Co., Ltd.
  • DTS KK
  • Valcom KK
  • Tabi Web KK
  • Aloha7, Inc.


  • Open Door, Inc.
Last Updated on 2 Dec, 2022

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more