VELTRA Corporation
7048・Growth Market・Services
OTA Business
Operates local experience tour OTA. Core business accounting for approximately 74% of the Group's operating revenue.
| Period | Current | Previous | Change |
|---|---|---|---|
| Operating revenue (external customers, Q1 FY2026 (ending December 2026)) | ¥842 million | ¥916 million (Q1 FY2025 (ending December 2025)) | ↓ |
| Segment operating profit (Q1 FY2026 (ending December 2026)) | ¥131 million | ¥205 million (Q1 FY2025 (ending December 2025)) | ↓ |
| Segment operating profit margin (Q1 FY2026 (ending December 2026)) | 15.6% | 22.3% (Q1 FY2025 (ending December 2025)) | ↓ |
| Operating revenue year-on-year change (Q1 FY2026 (ending December 2026)) | -8.1% | - | ↓ |
| Segment operating profit year-on-year change (Q1 FY2026 (ending December 2026)) | -36.1% | - | ↓ |
Business Details
An OTA business that earns commission revenue based on the completion of bookings for activity tours. Operates the Japanese and English
Recent Overview
Deteriorating traffic conditions in the overseas travel business combined with external factors, resulting in both revenue and profit falling below the same period of the previous year.
In Q1 FY2026 (ending December 2026), OTA Business operating revenue was ¥842 million (down 8.1% year on year), and operating profit was ¥131 million (down 36.1% year on year). In the overseas travel business, changes in the traffic environment due to changes in Google search specifications and intensifying competition, as well as instability in the Middle East situation and record-breaking severe weather in Hawaii and elsewhere, had an impact. On the cost side, cost reductions were limited due to continued marketing investment and increased software amortization expenses. On the other hand, in the domestic travel business, nature and resort areas such as Amami, Okinawa, Kyushu, and Hokkaido significantly exceeded the same period of the previous year, and inbound products also performed steadily.
Key Products
Growth Drivers
- Strong performance of products in nature and resort areas (Amami, Okinawa, Kyushu, Hokkaido, etc.) in the domestic travel business
- Demand for inbound-oriented products driven by the continued increase in the number of foreign visitors to Japan (cumulative total of 10,683,500 in Q1 2026, up 1.4% year on year)
- Resilience of overseas travel demand driven by the gradual recovery in the number of Japanese departing overseas (cumulative total of 3,684,900 in Q1 2026, up 4.8% year on year)
- Diversification of revenue sources through continued expansion of Corporate Services (B2B)
- Promotion of cost structure optimization through the use of AI and digital tools
- Nurturing of a new revenue pillar through accelerated global expansion of the cruise business, including into the Asian region
- Measures to improve repeat usage rates through a membership base of approximately 2.6 million and a points program
Risks
- Risk of decreased organic traffic due to changes in Google search specifications (materialized in the first quarter under review)
- Risk of sudden decreases in overseas travel demand due to external factors such as instability in the Middle East situation and local severe weather
- Suppression of overseas travel demand due to yen depreciation and rising prices at travel destinations
- Limited scope for cost reduction due to the need to maintain continuous marketing investment and increased software amortization expenses associated with past development investments
- Risk of deteriorating marketing ROI due to intensifying competitive environment
- Impact on revenue due to exchange rate fluctuations
- Risk of polarized demand in the Chinese market due to government travel advisories and reduced flights
Last updated: March 23, 2026