JTB announced on May 24th that its consolidated financial results for the fiscal year ending March 2024 (April 1, 2023 - March 31, 2024) showed a consolidated net profit of 18,316 million yen, down about 11.7 billion yen from the previous year (down 38.9% from the previous year). On the other hand, thanks to a recovery in domestic travel and inbound travel to Japan, as well as progress in building a foundation for implementing sustainability management, sales exceeded 1 trillion yen for the first time in four years since fiscal 2019, resulting in an increase in sales and a decrease in profits. Sales increased 10.5% from the previous year to 1,080,950 million yen, operating profit decreased 25.9% to 24,941 million yen, and ordinary profit decreased 27.3% to 28,899 million yen. Sales in the travel business increased 18.7% year on year for domestic travel to 459.2 billion yen, 289.4% year on year for overseas travel to 159.2 billion yen, 269.8% year on year for inbound travel to 54.5 billion yen, and 165.1% year on year for global travel to 88 billion yen. Sales for non-travel segments were down 36.3% year on year to 320 billion yen. Gross profit increased in all segments of the travel business. Domestic travel was 800 million yen, overseas travel was 31.2 billion yen, inbound travel was 9.8 billion yen, and global travel was 10.8 billion yen. MICE, excluding COVID-19 related events, was strong but posted a loss of 3.8 billion yen. Others, such as commercial affairs, advertising, publishing, and regional exchange, posted a loss of 40.4 billion yen. Operating expenses increased 7.8% year on year due to the acceleration of growth investments and an increase in "offensive" expenses. Sales expenses increased by 5 billion yen, personnel expenses by 6.9 billion yen, and administrative expenses by 5.2 billion yen. Fixed costs were 201.8 billion yen, down 38.9 billion yen from FY2019, due to the effect of restructuring. The break-even point fell 25% from FY2019, from 1,281.2 billion yen to 962.1 billion yen. At the press conference, President Eijiro Yamakita said, "The break-even point has dropped significantly due to restructuring, but we will maintain this and also increase investment for future growth and leaps. Furthermore, we will work to improve the customer's perceived value and brand loyalty by strengthening marketing." In FY2024, as a stage to look beyond the growth of the current medium-term management plan Phase 3 and look ahead to a leap, we will set the theme of "Creating the present from the future - business model transformation for the future" and will formulate a long-term vision that will be the foundation of management and promote management by backcasting. In each business, we will improve profitability and expand the business area through business transformation that goes beyond the existing. We will continue to develop an aggressive strategy that looks ahead to a leap from growth. Sales are forecast to increase 7.5% year on year to 1.162 trillion yen, while operating profit is expected to decrease 53.5% to 11.6 billion yen. In terms of human resource investment, the company plans to hire 300 new graduates in fiscal year 2023 and 480 in fiscal year 2024. Going forward, it will also actively recruit external talent and specialized personnel. As for stores, the company will change the role of stores, for example by setting up stores specializing in overseas travel. The number of stores has decreased by about 480 due to the COVID-19 pandemic, and is currently at about 265, but there are no plans to reduce the number in the future.