Data

Financial Highlights

Non-financial Highlights

Operating revenues

Food and Beverage(Millions of yen)

Facilities Management

Merchandise Sales

Operating income (loss)(Millions of yen)

30,000Net income (loss) attributable to ownersof the parent

Number of passengers at
Haneda Airport(Millions of yen)

40,00022,481

273,618
249,756

Management area Leasable area

Vacancy rate(ten thousand people)

（m ）

（%）

10,000350,000

33,0048,604

30,00015,000

9,892

8,000
20,000200,000

0150,000

10,000‑ 10,579‑ 15,000

The adoption of the AccountingStandard for Revenue Recognition113,050

2018

2019

2020

2021

2022(FY)‑ 60,000

2018

2019

2020

2021

‑ 40,000

2018

2019

‑ 36,578
2020 2021

2022 (FY)(Millions of yen)（％）

540,000

250,000

100.0

460,000

150,000

2018

2019

2020

40.0

Number of employees (Female)*
Number of employees (Male)*

7,000

50,000

31.2

34.3

33.2

2018

2019

2020

2021

2022(FY)

02,499

2019

2020

2021

2022(FY)

0

1,374

40

2019

2020

2021

33.6

2022

2022 (FY)

Average length of service**
Average annual salary**

7,108

1,000

1,510(FY)

0

2018

2019

02018

2019

2020

20222021(FY)

Ratio of female managers**
（%）

（年）

6,987

4520

41.6

39.4

39.1
38.2

6,600

15

6,518

32.3

30

10

6,200
6,069

1,433

2018

2021

6,400

1,177
30

20.0

2018

2020

6,800

2,729

15

6,000
1,459

500
0

2019

6,836

3,078 3,074

1,615
1,472 1,568

2018

Average length of service**
Average annual salary**

50

1,500
33.70

(FY)

2020

1,355 1,322

2021

20

2022

(FY)

0

2018

2019

2020

2021

2022

(FY)

0

2018

2019

2020

2022

2021

(FY)

Materiality Initiatives

100,000

420,000

2022

3,500
2,905

0.5

50,000

2,887

2021

1.5

1.0

100,000

5,306

（千円）

2,000

400,0002,10141(Age)60.0

446,955

440,000

6,539

2,970
83

2,500

140,9512.0

2.0

150,000(People)

3,000

80.0

156,009463,8782.6

200,000

680

Average age

484,654
480,000

250,000

Number of employees*
Average age**

521,363 519,193
195,5440

2.7

Special Feature(Millions of yen)

201,390 201,899

1,682

2,060

Equity capital to total assets

200,000

2.5

274,206

2,000

Net assets

500,000

8,221

4,000

‑ 25,217

Total assets

520,000

300,000

5,987

6,788

‑ 30,000

2022 (FY)2.8308,951 311,414

1.5‑ 3,901‑ 59,0200

3.0

332,653 332,856

Medium-term Business Plan

‑ 41,255‑ 45,00020‑ 20,000

52,572 57,057

50,000

Domestic flights

6,000

5,012

‑ 10,000‑ 30,000

100,000

1,816International flights

Value Creation Story

300,000

250,000

The future we seek

Financial and Non-financial Highlights* Consolidated ** Non-consolidated

Capital investment

Net income (loss) per share

Environmental data

(Millions of yen)

(Millions of yen)

(yen)

Input (Amount of energy input)

30,000 25,799

80,00020,00070,000500
72,613400

406.31300
10,0005,699

60,000 57,559
50,0001000040,000‑ 10,000‑ 20,000‑ 40,000

73

‑ 100

30,00020,00012,062‑ 30,000‑ 29,655

2018

2019

2020

2021

8,494

10,000‑ 37,1122022 (FY)

0‑ 41.89

2018

2019

2020 2021

2022

(FY)

FY2022FY

FY2021

FY2022

Electricity

130,922MWh

152,525MWh

CO2 emissions

90,729t-CO2

106,250t-CO2

176.6KL

264.3KL

Gasoline

69KL

85.6KL

Heavy fuel
oil A

2KL

4.6KL

Kerosene

28KL

36KL

LPG

229t

313.7t‑ 300

City Gas

3,768 thousand N㎥

3,999 thousand N㎥

Steam/
cold water401,695GJ

452,803GJ

Water usage-

701,698㎥

‑ 400

4,738

FY2021‑ 200‑ 270.75‑ 500‑ 445.92
2018

2019

2020

2021

2022

(FY)

（t）

Scope1

9,834t-CO2

10,897t-CO2

Scope280,895t-CO2

95,353t-CO2-

698,804㎥

Drainage amount

12,000Terminal 3
Terminal 2
Terminal 1

12,267
10,75010,000

3,947

4,070

8,000

6,000

6,115

3,731
2,974

4,000

2,000

3,755
3,076
403

4,589

3,706

1,199

2,042
1,397

1,474 1,86302018

2019

2020

1,499

495

Data

‑ 14,231

61.71

OutputFY

Diesel200

Amount of waste byterminal

Corporate governanceFree cash flows

2021

2,574
2022 (FY)Japan Airport Terminal Report 2023

74

Data

Before TIAT consolidation

After TIAT consolidation

Adopting the Accounting Standard for Revenue Recognition

FY2013

FY2014FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

147,116

173,505

204,134

204,953

225,953

273,618

249,756

52,572

57,057113,050

Operating income (loss)

6,194

9,888

11,302

9,497

13,42922,481

9,892‑ 59,020‑ 41,255‑ 10,579

Ordinary income (loss)

5,723

11,84913,654

12,843

16,696

20,3798,705‑ 57,320‑ 43,861‑ 12,064

Net income (loss) attributable to owners of the parent

2,979

6,648

8,870

6,886

11,77633,004

5,012‑ 36,578‑ 25,217‑ 3,901

185,358

218,229

222,542

213,026

239,389484,654521,363

519,193

463,878446,955

53,976

71,16563,05554,13566,744

215,850

243,557

265,040

257,150

244,304

Net assets

101,866

112,530

118,394

125,438

136,156

201,390

201,899

195,544

156,009140,951

Cash ﬂows from operating activities

15,204

19,52015,235

15,62022,25734,28820,222‑ 4,387‑ 9,305

16,326

Cash ﬂows from investing activities‑ 9,660‑ 4,008‑ 7,810‑ 8,373‑ 28,474‑ 8,489‑ 57,334‑ 25,268‑ 4,926‑ 10,627

Cash ﬂows from ﬁnancing activities‑ 6,574

16,251

10,759‑ 11,702

9,438

19,152

21,64478,228‑ 9,035‑ 12,641

EBITDA

18,874

21,76022,534

21,10624,235

47,11537,699‑ 24,710‑ 9,540

18,375

5,765

4,830

8,379

6,853

27,88557,55972,613

8,494

4,738

12,062

12,68011,872

11,232

11,60910,806

24,63427,80734,310

31,71528,954

36.68

81.84

109.2084.78

144.98406.3161.71‑ 445.92‑ 270.75‑ 41.89

1,235.25

1,349.32

1,427.66

1,511.92

1,641.82

2,011.61

2,001.83

1,910.83

1,655.32

1,613.62

13.00

21.00

33.00

33.00

44.00

45.00

32.00

0.0

0.0

16.0

Return on equity7

3.0

6.3

7.9

5.8

9.2

22.2

3.1

−

−

−

Return on assets8

3.1

5.9

6.2

5.9

7.4

5.6

1.7

−

−

−

Equity ratio

54.1

50.2

52.1

57.7

55.7

33.7

31.2

34.3

33.2

33.6

0.4

0.2

0.20.1

0.2

0.8

1.1

0.8

1.0

1.0

35.4

25.7

30.2

38.9

30.3

31.2

51.9

−

−

−

Price earnings ratio10

73.1

89.0

36.6

45.6

28.0

11.5

67.7

−

−

−

Price book-value ratio11

2.2

5.4

2.8

2.6

2.5

2.3

2.1

2.8

3.4

4.1

EV/EBITDA ratio

14.1

29.5

16.0

16.3

15.3

11.9

15.0

−

−

41.3

The future we seek

Ten-Year Financial Summary

Consolidated Financial Figures (Millions of yen)
Operating revenues1

Interest-bearing debt

2

Capital expenditures4

Depreciation and amortization

Medium-term Business Plan

3

Value Creation Story

Total assets

Per Share Data (Yen)

Book-value per share

6

Dividends per share
Financial Indicators (%)

Dividend payout ratio

9

Trading Indicators

12

FY2021, for transactions in which the Company’s role in providing goods or services to customers falls under the category of agent, revenue is now
recognized as the net amount, the amount received from customers less the amount paid to suppliers.
2. Interest-bearing debt＝Bonds + Short-term loans payable + Long-term loans payable + Lease obligations
3. EBITDA＝Operating Revenues + Depreciation and Amortization
4. Capital Expenditures＝Increase of Tangible fixed assets(excluding the impact of sale and disposal)
5. EPS=Net Income Attributable to Owners of the Parent / Average outstanding shares during the period(excluding treasury stock)

Corporate governanceNotes: 1. The Company has adopted the “Accounting Standard for Revenue Recognition” and relevant revised ASBJ regulations from the beginning of theMateriality Initiatives

Net debt equity ratio

Special Feature

Earnings per share5

6. BPS＝(Total Equity - Non-controlling interests) / The number of shares at March 31 each (excluding treasury stock)
7. ROE＝Net Income Attributable to Owners of the Parent / Average of Shareholders' equity at the beginning and end of the period
8. ROA＝EBITDA / Average of Total Assets at the beginning and end of the period
9. For FY2018, the calculation excludes the impact of Extraordinary gains, loss and its tax effect due to consolidation of TIAT.
10. PER = Closing Market Price / EPS

Data

11. PBR = Closing Market Price / BPS
12. EV/EBITDA Ratio = (Liabilities with interest - Cash and Cash Equivalents +Market capitalization + Non-controlling interests)/EBITDA

75

Japan Airport Terminal Report 2023

76

DataGroup Companies*As of March 31, 2023

NameName

Japan Airport Terminal Co., Ltd.

Date of Establishment

July 20, 1953

Paid-in Capital

38,126,380,000 yen (As of March 31, 2023)

Tokyo International Air
Terminal Corporation (TIAT)Business details

Facilities
management• Lease of offices, stores, and other spaces to airline companies andairport-based businesses• Guidance and lounge services for international passenger terminal buildings• Provision of rental meeting rooms, other services, and parking lot business• Merchandise sales targeting international passenger terminal users

Acquired certifications

Address

Terminal 1, 3-3-2 Haneda Airport, Ota-ku, Tokyo 144-0041, Japan
Tel: +81-3-5757-8000• CASBEE Building (New Construction) S-Rank (July2010)• CASBEE Building (Renovation) S-Rank (August 2014)• CASBEE Building (Renovation) S-Rank (December2019)• Maintenance and management of airport terminal facilities and equipment

Japan Airport Techno Co., Ltd.

Facilities
management272 (as of March 31, 2023)• Cleaning, planting, and other environmental management• Design and construction of buildings and facilities• Airport terminal services• ISO 9001 (November 14, 2003)• ISO 14001 (February 12, 2013)• House cleaning services* Consolidated: 2,499(Facilities Management: 915, Merchandise Sales: 881, Food and Beverage: 526, Other: 177)

Facilities
management

Sakura Shokai Co., Ltd.

Facilities
management• Facility security services• Airport security guard duties (airline security checks)• Parking lot management• Waste treatment operations• ISO 14001 (June 2003)• Advertisement planning, management, and agency services• Event planning and management• Life insurance solicitation and non-life insurance agency business(As of March 31, 2023)• Vending machine sales of beverages, food, telephone cards, and alcoholic
beverages

BIG WING Co., Ltd.

9706

Stock Listing

Prime Market, Tokyo Stock Exchange

Number of shares per unit

100 shares

Number of shareholders 9,285• Planning, production, and sales of pamphlets and other printed materials• Real estate sales, leasing, and management

Shareholdings Structure• Restaurant business• Pet hotel operation and management• Relaxation services

Individuals
and others
5.29％• Salon business

Financialinstitutions
35.44％

Total number of authorized
288,000,000 sharesshares to be issued
Number of issued shares 93,145,400 shares (including 8,983 treasury stock)• Sales of mobile phones, daily sundries, household furnishings, and foodproducts

Foreigners
25.42％

Other domesticcorporations
33.46％

Major Shareholders
Shareholding ratio (%)

The Master Trust Bank of Japan, Ltd. (Trust Account)

9,537

10.24

SSBTC CLIENT OMNIBUS ACCOUNT

5,471

5.87

Japan Airlines Co., Ltd.

4,398

4.72

ANA Holdings Inc.

4,398

4.72

Custody Bank of Japan, Ltd. (Reinvested portion of the Keikyu Corporation pensionbenefits trust fund managed by The Sumitomo Trust and Banking Co., Ltd.)

3,484

3.74

MUFG Bank, Ltd.

3,408

3.65

Mizuho Bank, Ltd.

3,300

3.54

Custody Bank of Japan, Ltd. (Trust Account)

3,283

3.52

Mitsubishi Estate Co., Ltd.

3,111

3.34

Taisei Corporation

2,831

3.03

Facilities
management

Japan Airport Ground
Handling Co., Ltd.

Facilities
management

Haneda Future ResearchInstitute Incorporated

Facilities
management• Further enhances value of existing airport operations, develops new
business models, and functions as a think tank

Haneda Airport EnterpriseCo., Ltd.

Merchandisesales• Operation of duty free shops and other airport stores

International Trade Inc.

Merchandisesales• Other services incidental to the preceding paragraph (attendant services,in-building broadcasts, radio broadcasts)• Travel services (travel agency services, ticket sales, etc.)• Passenger handling operations• Ramp handling operations• Private jet handling operations• Eruboshi certification (February 24, 2021)• Kurumin certification (March 24, 2021)• Health Excellent Company Silver Certification (October19, 2022)• Wholesale business and merchandise sales to airport stores nationwide• Facility services business• Inspection, storage, and delivery of merchandise sold at Tokyo International
Airport, Narita International Airport, and other airports

Japan Airport Logitem Co., Ltd.

Merchandisesales• Transportation• Customs clearance• G-mark certification, Japan Trucking Association(January 1, 2007)• Warehousing• Green Management certification (May 20, 2004)• Sales of business supplies

Corporate governance

Number of shares (Thousands)• General information services for airport users (domestic and international flights at Haneda Airport)

Haneda Passenger ServiceCo., Ltd.

• Leasing of real estate and operation and management of parking lots

Japan Airport Terminal Trading(Chengdu) Co., Ltd.

Merchandisesales• Merchandise sales and wholesale business at Chengdu Shuangliu
International Airport

Hamashin Co., Ltd.

Merchandisesales• Wholesale marine products and processed marine food products

Japan Duty Free Fa-So-La
Isetan Mitsukoshi Co., Ltd.

Merchandisesales• Operation of airport duty free stores throughout the city

Air BIC INC.

Merchandisesales• Sales of home appliances, travel goods and daily sundries

Tokyo Airport Restaurant Co., Ltd.

Food andbeverage

Materiality Initiatives

Securities
firms
0.38％

Special Feature

Security CodeFacilitiesmanagement

Medium-term Business Plan

Haneda Airport Security Co., Ltd.

Value Creation Story• Food, beverage and coffee shop services for international passenger
terminal users

Nobuaki Yokota

Stock Information• Operation of restaurants• Operation of commissioned lounges and multipurpose halls• Box lunch sales• Box lunch deliveries within and outside the airport and catering services

Cosmo Enterprise Co., Ltd.

Food andbeverage

LANI KE AKUA PACIFIC, INC.

Food andbeverage• Restaurant and other businesses

KAIKAN KAIHATSU Co., Ltd.

Food andbeverage• Restaurant business, management and operation of lodging, halls, andmeeting rooms• Preparation and loading of in-flight meals• Production and sales of frozen and retort-pouch foods• HACCP certification (Taiei Unit: May 11, 2017; Haneda
Unit: May 12, 2017)

Data

77

Business• Management and operation of international passenger terminal buildings

President

Number ofEmployees(19 consolidated Group companies)

The future we seek

Corporate Data

• Halal certification (Taiei Unit: January 9, 2014; Haneda
Unit: May 14, 2014)

Japan Airport Terminal Report 2023

78