First Section of the Tokyo Stock Exchange(Securities Identification Code: 8864)
http://www.afc.jp/

Reference Materials for Results Briefing
for Fiscal Year Ended in March 2020

June 2020

AIRPORT FACILITIES CO., LTD.

Table of contents*

Opening comments
Impact of COVID-19 on the Performance of Our Company

I.

Outline of the consolidated financial statements for fiscal
year ended in March 2020

・・・ P1II.

Forecast on the consolidated performance for fiscal year
ending in March 2021

・・・ P6

III. Progress of the Medium-term Management Plan

・・・ P9

IV. Topics

・・・ P21AIRPORT FACILITIES CO., LTD.

Impact of COVID-19 on the Performance of Our Company<Fiscal year ended in March 2020>• As for the performance of our company in the fiscal year ended in March 2020, the number of passengers
maintained a generally favorable level both for international and domestic flights, and the business of ourcompany is developing smoothly accordingly, achieving increases in both net sales and operating income
year on year, with new projects also being developed.
• However, since March, not only international flights but also domestic flights were forced to be reduced infrequency or stopped due to the impact of COVID-19, which is affecting some of the segments.
• According to the policy of maintaining a payment ratio of 30% or more, we plan to offer an annual dividendof ¥14.0.

<Fiscal year ending in March 2021>• The damage of the COVID-19 epidemic on the aviation industry is severe. As for direct impact on our company,in addition to a significant fall in sales of water supply and drainage service in Haneda and New Chitose
Airports, requests from aviation-related tenants on lowering rents are also expected in the real estate business.
We are forecasting a significant decrease in operating income.
• Especially in the first term, we expect a significant decrease in profit, but also assume that when the epidemic
recedes, the performance of the company will recover with a pick-up in the economy.
• Although a decrease in operating income is expected for the fiscal year ending in March 2021, we are planning
to offer an annual dividend of 14 yen (interim dividend: 7 yen, year-end dividend: 7 yen, payment ratio: 53%)
to ensure stable and sustainable return of profits.
• Due to the unclear outlook, we will have to keep close watch on this precarious situation.

<Efforts in our company group to prevent the spread of infection>
In order to minimize business risks and ensure the safety of employees of our company group, we are implementing thefollowing as measures to prevent the spread of COVID-19 infection.
- Staggered working hours- Telework- Measures such as remote conferencing using videophone systems- Shift to video distribution or postponement of events that gather
participants in one place1. Outline of the consolidated financial statements
for fiscal year ended in March 2020
Key points

1. Both net sales and operating income surpassed the figure of the same periodof the preceding year
* Major factors for increase in net sales (real estate business)(1) Improvement of the state of tenants moving in at Haneda Airport(2) All-year operation of hotels in Kyoto(3) Start of the leasing of aircraft

2. Net sales: 24.8 billion yen (+ 2.6% year on year), Operating income: 4.1 billion yen (+ 1.3%
year on year), Net profit*: 2.2 billion yen (+ 5.8% year on year)* Major factors of increase(1) Increase in income due to the all-year operation of hotels in Kyoto, start of training aircraft leasing business <increase in net sales>(2) Effect of increase in income and decrease in cost of sales in the area heating and cooling business <increase in operating income>(3) Decrease of expenses because there had been no bond-issuing expenses for this fiscal year, because of decrease in reserve forremoval cost in preparation, etc. <increase in ordinary income>

3. Year-end dividend: 7 yen (forecast), Annual dividend: 14 yen
Payout ratio (consolidated): 31.2% (forecast)* Net profit: Current profit attributable to owners of parent

1

AIRPORT FACILITIES CO., LTD.

I. Outline of the consolidated financial statements
for fiscal year ended in March 2019
Consolidated PL

Current profit showed a stable increase of 5.8% compared to the figure of the same period of thepreceding year
Year on year
+ 642 million yen+ 2.6%Net sales
24,21324,780Year on year
+ 56 million yen+ 1.3%

Operating income

24,8554,129

20,000

4,186

4,170

3,000

10,0001,500Compared to outlook+ 75 million yen+ 0.3%

Compared to outlook+ 16 million yen+ 0.3%

00

Mar/2019 (results) Mar/2020 (forecast) Mar/2020 (results)

Mar/2019 (results) Mar/2020 (forecast) Mar/2020 (results)
Year on year
+ 463 million yen+ 13.8%

Ordinary income
3,338

3,710

Current profit attributableto owners of parent

Year on year
+ 123 million yen+ 5.8%

3,802
2,104

3,000

1,500

Unit: million yen

2,320

2,227

2,000

1,000

Compared to outlook+ 92 million yen+ 2.4%

Compared to outlook- 92 million yen- 3.9%

00

Mar/2019 (results) Mar/2020 (forecast) Mar/2020 (results)

Mar/2019 (results) Mar/2020 (forecast) Mar/2020 (results)

2

AIRPORT FACILITIES CO., LTD.

I. Outline of the consolidated financial statements
for fiscal year ended in March 2020
By business segment: Net sales (bar graph, left axis): Operating income (line graph, right axis)

Real estate business

Area heating and cooling business

Water supply and drainage
business and other businesses

Year on year
(Net sales) + 610 million yen (+ 3.3%)(Operating income) + 18 million yen (- 0.6%)

Year on year
(Net sales) + 32 million yen (+ 0.9%)(Operating income) + 61 million yen (+ 7.8%)

Year on year
(Net sales) - 1 million yen (-0.0%)(Operating income) + 13 million yen (+ 5.6%)

18,116(18,679 )

18,727

3,242
4,000

(3,307 )

3,274

3,000

2,854

2,000

3,000

3,105

2,000

3,086

(2,798 )1,500

15,00010,000

Unit: million yen

2,853
250

237

200

1,000

2,000
1,000

5,000

849

787

1,000

0

0

Mar/2019(results)

Mar/2020(forecast)

Mar/2020(results)00Mar/2019(results)

Mar/2020(forecast)

Mar/2020(results)

100

1,000
500

0

0

Mar/2019(results)

Mar/2020(forecast)

Mar/2020(results)<Major factors for increase/decrease>[Net sales]- All-year operation of hotels in Kyoto- Increase in the sales of aviation-related facilities in the newaircraft maintenance area
- Start of the operation of new facilities for rent

[Net sales]- Increase in supply according to the start of the operation ofterminal facilities[Net sales]- Expansion of the supply of exclusive line service for local
area communication network- Decrease in sales of water supply and drainage in March
2020 due to the impact of COVID-19[Operating income]【営業利益】- Increase in repair expenses, taxes and other public charges
・売上増の効果により増加
according to the acquirement of new properties (real estate
acquisition tax, registration and license tax), and petty charges[Operating income]- Decrease in cost of sales (raw material expenses, repair
expenses)[Operating income]- Decrease in costs associated with decrease in water sales

3

AIRPORT FACILITIES CO., LTD.

I. Outline of the consolidated financial statements
for fiscal year ended in March 2020
Financial condition[Consolidated balance sheet](Assets) Increased with the completion of new construction, extension or reconstruction in Haneda Airport and regional
airports(Liabilities) Increased due to increase in long-term debts associated with the acquisition of new properties(Net assets) Increased due to increase in retained earnings

FY ended in March 2019

FY ended in March 2020
Unit: million yen

Unit: million yen

Current
assetsNoncurrent
assetsTotal
assets

20,84480,539101,384

Net assets per share
Equity ratio

Current
liabilities

11,192

Non-current
liabilities

34,451

Total
liabilities

45,644

Net assets

55,740Total liabilities
and net assets

101,384

Current
assetsNoncurrent
assetsTotal assets
Increased by
3,099 million yen

1,072 yenTotal
assets

22,243(+1,398)

82,240(+1,700)

104,483(+3,099)

Net assets per share

52.6%

Equity ratio

4

Current
liabilities

11,887

Non-current
liabilities

36,262

Total
liabilities

48,150Net assets

56,333

Total liabilities
and net assets(+695)(+1,810)(+2,505)(+593)

104,483(+3,099)

1,080 yen
51.5%
AIRPORT FACILITIES CO., LTD.

I. Outline of the consolidated financial statements
for fiscal year ended in March 2020
Financial condition[Consolidated cash flow]

Unit: million yen
FY ended in
March 2019

FY ended in
March 2020

Increased/
decreasedamountCash flow from operations

5,176

6,900

1,724

Cash flow from investments- 13,490- 8,217

5,273

Cash flow from financial activities

9,524

1,958

- 7,566

Increase/decrease in cash and cash equivalents

1,167

675

- 492

Cash and cash equivalents, beginning of fiscal year

4,608

5,824

1,216

Cash and cash equivalents, end of fiscal year

5,824

6,518

694

Item

[Major factors for increase/decrease]
Cash flow from operations

Although there was corporation tax payment and spending for lease
investment assets acquisition, net income before income taxes, depreciation
expenses, and collection of business loans contributed

Cash flow from investments

Acquisition of non-current assets such as in the extension and reconstructionof ARC Building

Cash flow from financial activities

Increase in long-term debts associated with the acquisition of new properties

5

AIRPORT FACILITIES CO., LTD.

II. Forecast on the consolidated performance forfiscal year ending in March 2021
Key points

1. Profits of major clients deteriorate due to the impact of COVID-19
Decrease in sales and income for some of the businesses of our company
accordingly
2. Net sales: 25.6 billion yen (+ 3.3% year on year), Operating income: 3.9 billion yen (- 5.3% year
on year), Net profit * 1.3 billion yen (- 41.1% year on year)

3. Aim for stable and sustainable returns to shareholders- Annual dividend: 14 yen (forecast) (interim dividend: 7 yen, year-end dividend:
7 yen)* Net profit: Current profit attributable to owners of parent

6

AIRPORT FACILITIES CO., LTD.

II. Forecast on the consolidated performance forfiscal year ending in March 2021
Consolidated PL

Unit: million yen

Affected by the deterioration of the business environment for major clients due to COVID-19
Year on year
+ 834 million yen+ 3.3%Net sales
24,855

Operating income

25,69020,0003,000

10,0001,500

00Mar/2020 (results)

Mar/2021 (forecast)Year on year
- 592 million yen- 15.5%

Ordinary income
3,802Year on year
- 226 million yen- 5.3%

4,186

3,960

Mar/2020 (results)

Mar/2021 (forecast)

Current profit attributableto owners of parent

Year on year
- 917 million yen- 41.1%

2,227

3,210

2,000

3,000

1,310

1,000

1,500
0

0
Mar/2020 (results)

Mar/2021 (forecast)

Mar/2020 (results)

7

Mar/2021 (forecast)
AIRPORT FACILITIES CO., LTD.

II. Forecast on the consolidated performance forfiscal year ending in March 2021
By business segment: Net sales (bar graph, left axis): Operating income (line graph, right axis)

Real estate business

Area heating and cooling businessYear on year
(Net sales) + 960 million yen (+ 5.1%)(Operating income) - 122 million yen (- 3.9%)

Year on year
(Net sales) + 290 million yen (+ 8.8%)(Operating income) + 87 million yen (+ 10.2%)

18,727

19,6874,000

Water supply and drainage
business and other businesses
Year on year
(Net sales) - 407 million yen (- 14.2%)(Operating income) + 185 million yen (- 74.0%)

3,564

3,274

Unit: million yen

2,853
1,500

2,446

3,000

600

15,0003,000
10,000

3,086

1,000

2,000

2,964

0

500

1,000

400

250

936

849

2,000
5,000

2,000

1,000

200

65

1,000
0

Mar/2020
Mar/2021(results)(forecast)<Major factors for increase/decrease>00Mar/2020 (results)

Mar/2021(forecast)00Mar/2020(results)

Mar/2021(forecast)[Net sales]- All-year operation of in-flight meal factory and aircraft
equipment warehouse in ARC Building, and extension andreconstruction of hangar in Kobe
- Start of business in HI City[Net sales]- Expected supply to new facilities in Haneda Airport[Net sales]- Significant decrease in the use of water in Haneda Airport
and New Chitose Airport[Operating income]- Decrease due to increase in depreciation expenses andpayment of taxes and other public charges associated with theacquirement of new properties[Operating income]- Increase with expected effect of increase in net sales[Operating income]- Decrease due to decrease in the usage of water supply anddrainage

8

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (1)Policy of the Medium-term Management Plan

Basic
policyFull utilization of management resources and reallocation through the improvement of efficiency andselection and concentration“Business strategy”

Implementation of new investment responding to aviation-related demand in and outof airports“Financial strategy”

Implementation of active investment exceeding the annual cashflow“Reinforcement of business infrastructure” Activation of the organization and establishment of human resources strategy

Businessstrategy
andfinancialstrategy

Reinforcementof business
infrastructure

Business strategy

Financial strategy

1. New investment responding to aviation-related
demand in and out of airports and active developmentof business outside airports
2. New investment responding to growing demand in Asia
3. Increase of occupancy rate by improved quality ofexisting facilities
4. Innovation of facilities incorporating new technology
5. Adequate approaches based on the policy of thenational government on the future Haneda Airport

1. Investment of 30 billion yen in total for three years
2. Maintaining stable dividend with a payout ratio of
30% or more as a general rule
3. Diversification of the forms of asset holding
4. Improvement of investment efficiency
5. Diversification of financing methods“Stable reinforcement of business infrastructure towards the achievement of the Medium-term Management Plan”
1. Reorganization and activation of organizational structure, utilization of M&A
2. Establishment of human resources strategy, coping with working style reforms
3. Improvement of governance4. Cost reduction/structural reform, IT promotion

9

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (1)[Results chart]

Medium-term Management Plan (from FY 2019 to FY 2021)
Net sales[Forecast chart]

Operating income
27,47024,213

21,662

24,8554,550

25,690
3,825

4,103

4,129

4,186

3,960

22,791

Current profit

EBITDA** Including collections of the loan projects of overseas subsidiaries

2,151

2,219

2,104

2,610

2,227

8,770
7,501

1,310
6,161

10

7,835

7,980

6,737

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (2)Major initiatives in the fiscal year ended in March 2020 (Haneda Airport)
ARC Building (in-flight meal factory)

Aircraft equipment warehouse

Provided to: TFK CORPORATION

Provided to: Japan Airlines Co., Ltd.

Aircraft sewage
treatment facility(SD plant)

11

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (2)Haneda Airport
Extension and reconstruction of in-flightmeal factory in ARC Building
Existing facilities are extended and reconstructed to expand the
production of in-flight meals for international flights
Use
Completion of
construction

Area

Provided to

In-flight meal factory, tenant office
January 2020 (rent starting from January 2020)(Extended wing) Building area: 0747 m2; Total floor area:
1,797 m2
(Existing wing) Building area: 1,513 m2; Total floor area:
11,260 m2
TFK CORPORATION, office tenants, etc.

New construction of aircraft equipment warehouse
Responding to demand for aircraft equipment warehouse associatedwith enhancement of equipment in Haneda
Use

Warehouse, officeCompletion of
construction

December 2019 (rent starting from December 2019)

Area

Building area: 1,535 m2; Total floor area: 1,823 m2

Provided toJapan Airlines Co., Ltd.

12AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (2)E

Haneda Airport- Aircraft sewage treatment conforming toeffluent standards

Aircraft sewage treatment facility in Tokyo International Airport [SD plant]: New construction
Reinforcement of treatment capacity in order to cope with the increasing aircraft sewage
Name of the
facility

Aircraft sewage treatment facility [SD plant]
SD plant: sanitary disposal plant

Completion of
construction

March 2020

Disposal
capacity

95t/day at maximum

Flow of aircraft sewage treatment
Aircraft

Sewagetransportation
vehicleOutside view of the facility

SD plant
Sewagedischarge

Treatment
Inside view of the facility

13

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (3)Major initiatives in the fiscal year ended in March 2020
(regional airports, overseas, others)

Leasing of training
aircraft
Provided to: Civil Aviation College

Hangar in Kobe Airport
Provided to: AIRBUS HELICOPTERS JAPAN CO., LTD.

Hangar in Nata Heliport
Provided to:
All Nippon Helicopter Co., Ltd.,
Nishi Nippon Airlines Co., Ltd.

Financing for flight
simulators

Singapore: Seletar Airport

14

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (3)Regional airports
Extension of hangar in Kobe Airport
Implementing the extension of the existing facilities according toincrease in demand for helicopter maintenance
Use

Hangar for small aircrafts

Completion of
construction

December 2019 (rent starting from January 2020)

Area

Building area: 1,957 m2; Total floor area: 2,335 m2

Provided to

Outside view

AIRBUS HELICOPTERS JAPAN CO., LTD.

Relocation construction of Nata Heliport hangar
Implementing the relocation of rotor function to Fukuoka Airport(Nata Area)
Use

Hangar for rotorcraft, officeCompletion of
construction

Completion of construction in January 2020 (heliportservice starting from March 2020)

Area

Building area: 1,859 m2; Total floor area: 2,021 m2

Provided to

All Nippon Helicopter Co., Ltd., Nishi Nippon Airlines Co.,
Ltd.

15

Outside view

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (3)Other projects
Implementing aircraft leasing business
Delivery of four training aircraft to Civil Aviation
College completed
Equipment

Beechcraft G58 aircraft

Delivery

From March to May, 2019

Number of
aircraft

4

Provided to

Civil Aviation College

Leased equipment

Continuously consider approaches to
respond to the demand for pilot training inand out of Japan as expected in the future

Source; Prepared by processing the “Current Situation and Issues Regarding Crew Members in Japan” November 2013 (Civil Aviation Bureau)(http://www.mlit.go.jp/common/001019364.pdf) Website of the Ministry of Land, Infrastructure, Transport and Tourism (http://www.mlit.go.jp/)

16

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (3)Overseas
Implementing financing for flight simulators
Financing for five aircraft in total implemented for
Airbus Asia Training Centre
Financing project

Flight simulator

Financed date

December 2019

Number of
aircraft

5 in total

Provided to

Airbus Asia Training Centre

Location

Within Singapore Seletar Airport

Flight simulator

This is the financing for five aircraft in total
since the financing for the company started
in 2015. Activities on efforts regarding
various aviation demands abroad expectedin the future will be continued.

16

Training center

17

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (4)７(13)太陽光発電事業への取り組み

Aim to contribute in realizing a sustainable society and achieving the SDGs by earnestly
working with “environment,” “society,” and “corporate governance” through business.

E nvironment

S ocial“Environment”- Efforts towards realizing eco-airport (area heating and cooling business, etc.)- Coping with global warming issues including energy saving and CO2
emission reduction- Utilization of renewable energy (photovoltaic power generation business)- Aircraft sewage treatment conforming to effluent standards in SD plant

Ensure availability andsustainable
management of waterand sanitation for all

Ensure access toaffordable, reliable,
sustainable andmodern energy for all

Promote sustained,
inclusive and sustainableeconomic growth, full andproductive employment
and decent work for all

Build resilient
infrastructure, promote
inclusive and sustainableindustrialization andfoster innovation“Society”- Providing safe and secure infrastructure (air heating and cooling business,
local area communication network business, etc.)- Providing an easy-to-work-in environment for employees in airports- Improving productivity through working style reforms- Disaster prevention efforts

G overnanceContribute to achieving
the SDGs through thebusiness of our company“Corporate governance”- Thorough compliance- Sustainable growth and improvement of corporate value throughmanagement complying with corporate governance code
- Active disclosure of IR information- Establishment of organizational structure supporting sustainable growth

Make cities and humansettlements inclusive,
safe, resilient andsustainable

21

18

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (4)Environment

Environmental efforts; reduction of CO2 emission
Implement donations from two AFC Group companies
to the Tokyo Metropolitan Government[Airport Facilities Co., Ltd.]CO2 emission reduction by AFC Group[Tokyo Airport Heating & CoolingCo., Ltd.]First period of the plan
(From FY2010 to FY2014)

Required
reduction

27,958 t

Actual reduction

114,425 t

Excessive
reduction(contribution)

94,831 t(Equivalent to the volume of
40 Tokyo Domes)[Efforts for reduction]- Active renewal to highly efficient facilities- Management through adequate maintenance andimprovement- Education activities for improving employees’ awareness onenvironment

We received a gratitude letter from theTokyo Metropolitan Government*As for excessive reduction during the first period, the total of the required reduction and the excessive reduction is larger than
the actual reduction because the emission factor was reviewed due to the occurrence of the Great East Japan Earthquake.

19

AIRPORT FACILITIES CO., LTD.

III. Progress of the Medium-term Management Plan (4)Environment

Haneda Airport
Planning to install photovoltaic power generation panels on the roof of the domestic cargo terminal of Haneda Airport[Outline of the plan][Aerial photo of the Cargo Terminal Area of Haneda Airport](Inside red line: W-1 Building; Inside orange line: E-4 Building)Name of the
facility

Air cargo terminal facility
E-4 Building

W-1 Building

Annual power
generation

872,000 kwh

322,000 kwh

Installation area

4,672m2

1,723m2

Plannedoperation

November 2020

Other

The company applied for the “Project toExpand the Introduction of Local
Production and Local Consumption-type
Renewable Energy” called for by the
Tokyo Metropolitan Government, and it
is scheduled that subsidies be granted.

Photovoltaic power generation panels are installed on the roof of the domestic cargo terminal of Haneda Airport,
which are possessed by our company. The facility, utilizing a single-story structure, generates electricity equivalent
to the consumption of 271 households* annually, which will be consumed within the area. The construction work
will be implemented by continuously operating the facility to avoid any troubles for tenants.
*Consumption of 4,397 kwh per household a year (referring to the Ministry of the Environment, Introduction on the Statistical Survey on the
Actual CO2 Emission in Household Sector [Household CO2 Statistics])

20

AIRPORT FACILITIES CO., LTD.

IV. Topics (Initiatives in the fiscal year ending in March 2021)
Major initiatives in the fiscal year ended in March 2021
Haneda Airport

HANEDA INNOVATION CITY
(Former Haneda Airport
ground development project)* Starts operation in July 2020

Dormitory for International Students
in Kanto Gakuin University
Provided to: Kanto Gakuin University
Completion of construction: Scheduled in March 2021

Kanazawa-ku, Yokohama City, Kanagawa Prefecture

21

AIRPORT FACILITIES CO., LTD.

IV. Topics (Initiatives in the fiscal year ended in March 2020)
Haneda Airport
HANEDA INNOVATION CITY (Zone 1 of the former Haneda Airport ground) development project
Opening of HANEDA INNOVATION CITY (abbreviated name: HICity) in July 2020
Project
implementing body

Haneda Future Development Co., Ltd.

AccessDirectly connected to Keikyu Airport Line, Tokyo
Monorail “Tenkubashi” Station

Site area

Approx. 5.9ha

Total floor area

Major use

Approx. 125,400 m2

Research facilities (laboratories, large-scale offices),
advanced medical care research center, conferencehalls, event halls, facility to transmit information on
Japanese culture, catering establishments, researchand training accommodations, hydrogen refuelingstations, etc.

Design andconstruction

KAJIMA CORPORATION, DAIWA HOUSE INDUSTRY
CO., LTD.

Schedule

July 2020 Town opening (facilities opening ahead ofschedule)
July 2020 Grand opening

Rendering (outside view)

Rendering (pedestrian deck)

Our company schedules to operate the parking area within the facility, car sharing and car renting service, high-speed recharging service,round tour service near Haneda, tourism service in Ota-ku, as well as implementing the office project in cooperation with Haneda Mirai
Development.
(Note) Haneda Future Development Co., Ltd. Shareholding companies (in Japanese alphabetical order)
KAJIMA CORPORATION (representing company), DAIWA HOUSE INDUSTRY CO., Keikyu Corporation, LTD, Japan Airport Terminal Co., Ltd., Airport Facilities Co., Ltd.,
East Japan Railway Company, TOKYO MONORAIL CO., LTD. Nomura Real Estate Partners Co., Ltd., FUJIFILM Corporation

22

AIRPORT FACILITIES CO., LTD.

IV. Topics (Initiatives in the fiscal year ended in March 2020)
Outside airports
New construction of dormitory for international students in Kanto Gakuin University
Dormitory for international students is under construction asa new business outside airports
Use

Students’ dormitory (from 3rd to 6th floor)
Commercial tenant space (1st and 2nd floor)

Construction
periodFrom July 2019 to March 2021 (scheduled)

Area
Provided to

Building area: 2,298 m2; Total floor area: 9,582 m2
Kanto Gakuin University

Left: President Kai; Right: Chairman Masudaof Kanto Gakuin University

Outside view (image)

Inside view (image)

23

Inside view (cross-section drawing)

AIRPORT FACILITIES CO., LTD.

IV. Topics (Initiatives in the fiscal year ended in March 2020)
Overseas
Establishment of Singapore Overseas Office
Office for AFC Group was established in Singapore in April 2020
Opening date
AccessMalaysia

April 1, 2020
(Nearest station)

20 Anson Road, #11-01 Twenty Anson,
Singapore 079912 (within One&Co)

Singapore
Singapore Office

Location
Organization

Seletar Airport* Located at the center of the city, and it takes
about 20 minutes by car to Seletar Airport.

Changi Airport

Singapore OfficeDirector and Advisor (2 persons in total)

A local office was established with an aim to reinforce the marketing capacity of the local corporationin Singapore and to collect overseas information for the entire Airport Facilities Group.

24

AIRPORT FACILITIES CO., LTD.

Disclaimer
Notice■ This document is not for solicitation for investment.
■ Future expectations are based on information that is currently available.
The results may differ according to changes in the business environment and other factors.
■ Please make important decisions on investment, etc. at your own discretion.
This document is also availabe at our corporate website.
http://www.afc.jp/

Inquiries:
Public Relations Office, Airport Facilities Co., Ltd.
TEL：

03-3747-0953

FAX：

03-3747-0258

E-MAIL：

afc_ir@afc.jp
AIRPORT FACILITIES CO., LTD.