StarFlyer operating profit down 24% in FY2011

StarFlyer revenue up 24% - financial highlights for 12 months ended 31-Mar-2012:

• Total operating revenue: JPY22,580 million (USD285.9 million), +24.2% year-on-year;
• Costs: JPY19,409 million (USD245.8 million), +28.3%;
  • Fuel: JPY5735 million (USD72.6 million), +31.4%;
  • Labour: JPY1502 million (USD19.0 million), +13.8%;
• Operating profit: JPY1176 million (USD14.9 million), -23.5%;
• Net profit: JPY966.7 million (USD12.2 million), +19.2%;
• Total assets: JPY10,553 million (USD133.6 million), +40.4%;
• Cash and cash equivalents: JPY3545 million (USD44.9 million), -2.7%;
• Total liabilities: JPY6512 million (USD82.5 million), +31.8%.

*Based on the average conversion rate at USD1 = JPY78.97 for the period