Research Coverage

Evolable Asia

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Summary

Evolable Asia Corp. (EA) is Japan’s leading online travel agent (OTA) handling domestic airline tickets. (Shared Research estimates EA’s market share at more than 10%.) EA operates the Online Travel Agency segment (FY09/17 sales of JPY5.5bn, accounting for 70.4% of total sales; operating profit of JPY731mn: 80.6% of total operating profit) and the IT Offshore Development segment (27.7% of sales; 13.7% of operating profit). EA also has an Investment segment, and is involved in the inbound travel business. The company is recording strong growth through opportunities in Asia. Sales increased at an annual rate of 56% and operating profit of 95% in the three years to FY09/17.


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