All Nippon Airways (ANA) Group has flagged that it will make strategic investments in other aviation-related businesses in Asia over the next three years.
"The strategy includes capitalising on the new corporate structure and continuing to strengthen the management team," the company said in a statement announcing its strategy for the 2013-15 financial years.
"In addition, ANA is pursuing growth by capitalising on the expansion of airport slots in the Tokyo area and seeking profit diversification through expansion into new business areas which demand our specialist expertise and strategic investment in Asia," it adds.
Funds for the investments, which will focus on other aviation-related businesses, will come from proceeds obtained through its 2012 initial public offering, says the airline.
ANA adds that it is establishing an investment management company based in Singapore to facilitate those investments. The company, which has not been named yet, would commence operations this June.
In addition to those investments, ANA adds that it will continue to grow its "multi-brand strategy" for its core airline businesses.
This will lead to the ANA brand continuing to grow its premium domestic and international passenger services. In particular, it is looking to grow its international network from Tokyo's Haneda and Narita airports as more slots become available there.
It adds that it will continue to develop its two low-cost carriers - wholly-owned, Osaka-based Peach Aviation and Narita-based Japan AirAsia, in which it has a 51% stake.
The carrier says it will do this by "improving the level of brand recognition, capturing Asian market demand, and pursuing a low-cost operating model".
On the cargo front, ANA says that it will work to expand its network and improve the utilisation of its dedicated freighter fleet. In addition, it will also seek to utilise more belly freight capacity from its passenger services.
ANA Group posted a record net profit for the year ended 31 March of yen (Y) 43.1 billion ($441 million), an increase of 53% year on year.