Nippon Travel Agency (President: Akihiro Horisaka) announced its financial results for fiscal year 2017 (January 1, 2017 - December 31, 2017) on February 23rd. Consolidated operating revenue was down 0.7% year on year to 52,626 million yen, operating profit was down 38.1% to 862 million yen, ordinary profit was down 11.2% to 1,792 million yen, and net profit for the period was up 2.7% to 1,171 million yen. According to the company, the operating results were due to sluggish sales and declining profitability of the domestic product "Akai Fuusen," as well as sluggish sales of group tours, "Mach" and "Best Tour." On the other hand, sales expanded in core areas such as inbound tourism, MICE, BTM, and internet sales, and the company stated that it "has achieved a certain degree of success in strengthening its revenue base." For Nippon Travel Agency alone, sales increased 0.2% to 420,411 million yen, operating revenue decreased 1.0% to 44,987 million yen, operating profit decreased 60.7% to 273 million yen, ordinary profit decreased 38.0% to 698 million yen, and net profit increased 17.1% to 473 million yen. Among sales measures, domestic travel saw sales increase 0.2% to 263,623 million yen and operating revenue decreased 1.5% to 28,951 million yen. In terms of planned products, the company worked to increase customer traffic to key regions such as Kyushu and Hokuriku, expand sales of JR set plans such as DC products, and expand web products such as the launch of "My Inn Online," resulting in sales decreasing 1.9% to 102,304 million yen. Group travel increased by 1.4% to 73,295 million yen, thanks to the expansion of new customers in metropolitan areas and rural areas, and strengthened efforts in regional revitalization projects. Single sales of JR tickets and domestic air tickets increased by 1.7% to 88,023 million yen, due in part to increased BTM sales. Overseas travel sales increased 5.0% to 118,194 million yen, and operating revenue increased 0.2% to 9,569 million yen. International travel sales increased 9.0% to 38,361 million yen, and operating revenue increased 11.5% to 5,464 million yen. For FY2018, the company will strengthen its core areas and regional revitalization projects in order to achieve its medium-term management plan "VALUE UP 2020." It also plans to promote collaboration with other companies, including Keikyu Corporation, from which it has acquired part of Keikyu Kanko's business. Consolidated results are expected to be operating revenue of 53.44 billion yen, operating profit of 850 million yen, ordinary profit of 1.46 billion yen, and net profit for the period of 950 million yen.