Adventure, Inc.
6030・Growth Market・Services
Travel Business
Online travel comparison and booking platform business centered on skyticket
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment revenue (cumulative Q3) | ¥19,554 million | ¥19,299 million | ↑ |
| Segment profit (cumulative Q3) | ¥1,410 million | ¥1,888 million | ↓ |
| Year-on-year revenue growth rate | +1.3% | ― | — |
| Year-on-year segment profit growth rate | △25.3% | ― | ↓ |
Business Details
An OTA (online travel agency) business providing comparison and booking services for travel products such as airline tickets to individuals and businesses. As an online-only operator without physical stores, its strength lies in cross-search functionality spanning domestic and international airlines (major carriers, LCCs, regional carriers, etc.). The company has internalized its technology and marketing capabilities, aiming to improve repeat usage rates and maximize advertising efficiency through UI/UX improvements. In the cumulative nine months of FY2026 (ending June 2026) (July 2025–March 2026), travel demand grew steadily, but cost increases due to rising prices squeezed profits, resulting in higher revenue but lower profit.
Recent Overview
Travel demand remained solid, but cost increases from rising prices led to higher revenue but lower profit; three companies newly consolidated
In the cumulative nine months of FY2026 (ending June 2026) (July 2025–March 2026), Travel Business revenue reached ¥19,554 million (up 1.3% year on year), securing revenue growth, while segment profit fell sharply to ¥1,410 million (down 25.3% year on year), mainly due to cost increases from rising prices. In addition, during the current cumulative third-quarter consolidated period, three companies—Five Star Corporation, Five Star Corporation Tokyo, and Island Cleaners Corporation—were newly added to the scope of consolidation, expanding the consolidated group. Meanwhile, in fiscal 2025, the number of domestic travelers decreased 0.8% year on year, while the total number of foreign visitor overnight stays increased 8.2% year on year, indicating that inbound demand continues to expand.
Key Products
Growth Drivers
- Expansion of inbound demand (total foreign visitor overnight stays up 8.2% year on year in fiscal 2025)
- Revenue diversification driven by high growth in non-airline-ticket travel products (Other)
- Improved repeat usage rates and new user acquisition through UI/UX improvements at skyticket
- Business expansion through M&A (three companies newly consolidated during the current cumulative third-quarter period)
- Market expansion through overseas OTA development and multilingual support
Risks
- Profit margin pressure from rising prices and cost increases (cumulative Q3 segment profit down 25.3% year on year)
- Goodwill impairment risk (goodwill balance increased from ¥2,215 million to ¥3,000 million due to M&A expansion)
- Downward pressure on unit prices and transaction volume from intensifying competition in airline ticket revenue
- Intensifying competition with major travel agencies, other OTAs, and direct airline sales channels
- Risk of sudden shifts in travel demand due to changes in global conditions, natural disasters, etc.
- System failure and information security risks
Last updated: December 18, 2025