2018_2q_ana_e 20/26 － International Cargo Operations

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00:16:52.2 ◎This indicates our earnings forecast by segment. ◎Although we still forecast increased revenues and income across all segments, we have made revisions of our earnings forecast for each segment, particularly for the Air Transportation business. Please review this for your reference. ◎Please turn to page 34.

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◎This is the status of our International Cargo Operations. ◎Please see the figures on the left. This shows an analysis of the factors for the 12.9 billion yen increase in first half revenues. ◎Weight factors resulted in increased revenues of 4.5 billion yen thanks to having captured export/import cargo and trilateral traffic from China to North America via Japan. ◎Unit price factors resulted in increased revenues of 8.5 billion yen. We have increased unit price significantly in firm demand trends. ◎Please turn to page 27.

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2018_2q_ana_e

20/26 － International Cargo Operations