OREANDA-NEWS. ANA Holdings set out the direction of its next mid-term Corporate strategy as a guideline for achieving further growth, despite a competitive environment. We will provide a further corporate strategy update by the end of January.

Business conditions surrounding the ANA Group are challenging, impacted by increased costs due to the prolonged weakness of the yen and high fuel prices and by falling unit prices due to intense competition.

That said, 'Abenomics' measures are expected to support a recovery in corporate performance and Japan is expected to see resurgence in foreign travelers to the country.

ANA Group's objective is to continue maximizing group profitability, whilst ensuring tight management of the cost base. The company will also work to optimize its business portfolio with the expansion of international slots at Haneda Airport in 2014, the greatest business opportunity for the foreseeable future, which will serve as the catalyst for broader growth across Japan and Asia.

ANA HD will also take advantage of the growth opportunities presented by enhancements to airports in the Tokyo area, improved industry competitiveness in Japan and the Government's target of achieving 20 million foreign visitors to Japan, all of which have been accelerated in preparation for the Tokyo 2020 Olympics.