News On Japan

ANA projects net loss, plans massive job cuts

Oct 30 (NHK) - Major Japanese air carrier ANA Holdings has revised downward its earnings projection and says it now expects to post a net loss for two years in a row.

The company announced on Friday that it forecasts a net loss of 100 billion yen, or about 880 million dollars, for the year through March 2022.

The downward revision is attributed to a slow recovery in passenger traffic on international and domestic routes due to the coronavirus pandemic.

The operator of All Nippon Airways had initially forecast a net profit of 31 million dollars.

It posted a record net loss of more than 3.5 billion dollars last business year.

The company also announced a plan to cut about 9,000 jobs across the group units under the ANA brand by March 2026, mainly by curbing the number of new recruits and through normal retirement.

The figure accounts for more than 20 percent of those units.

President and CEO Katanozaka Shinya said at a news conference that the airline business is susceptible to the fallout of an infectious disease and a payroll with many employees makes his company more vulnerable.

He said ANA Holdings aims to get out of what he calls the "COVID tunnel" by workforce reduction.

Source: ANNnewsCH

News On Japan
POPULAR NEWS

The University of Tokyo has officially decided to increase tuition by approximately 110,000 yen for incoming undergraduate students starting next academic year, bringing the total to 642,960 yen.

Following the tragic stabbing and death of a child attending a Japanese school in China, Japanese Ambassador to China, Kenji Kanasugi, visited a local city to urge the Chinese government to ensure the safety of Japanese nationals residing in the area, as concerns grew among the local Japanese community.

Flooding has reached the temporary housing in Wajima City, built for earthquake victims, and volunteers have begun clearing the mud starting on September 24.

A Japanese government spokesperson says a Russian military airplane entered Japanese airspace three times on Monday. (NHK)

Japanese Prime Minister Kishida Fumio has conveyed his country's intention to maintain support for Ukraine to President Volodymyr Zelenskyy. (NHK)

MEDIA CHANNELS
         

MORE Society NEWS

As the number of households with Buddhist altars continues to decline, largely due to space limitations in modern housing, wholesalers of Buddhist goods are struggling with unsold inventory.

A 39-year-old man has been arrested on suspicion of attacking a female university student by covering her head with a bag and attempting to strangle her.

A group of Humboldt penguins at Tokuyama Zoo in Yamaguchi Prefecture has captured people's hearts, as they chase a butterfly that had accidentally flown into their pool enclosure.

A man in his 30s was stabbed in the chest at an anime song event in Saku City, Nagano Prefecture on Sunday, leaving the victim serious injured.

Tokyo has launched an official matchmaking app in an effort to increase the number of marriages, particularly as the city struggles with the lowest birthrate in Japan.

A search for 'breast pump' 「搾乳機」on YouTube returns numerous videos with titles like 'Introduction to Breast Pumping.' But what exactly are these videos?

Four high school students, aged 16 to 18, have been arrested on suspicion of injuring a third-year junior high school boy in a park in Machida City, Tokyo, in May of this year.

A fire broke out at a shrine in Ami-machi, Ibaraki Prefecture, burning a sacred tree over 500 years old, with police investigating the cause as a lightning strike.