January 31, 2013

Financial Results for the Third Quarter of the Year Ending March 31, 2013 [J-GAAP](Consolidated)
Company name:AIRPORT FACILITIES CO., LTD. (AFC)Stock exchange listed on:
Tokyo Stock Exchange (First Section)
Company code:8864
URL: http://www.afc-group.jp
Representative: Tomoyuki Takahashi, President and CEO
Inquiries: Kazuhiko Muraishi, Director, Senior Corporate Officer, General Manager of Accounting Dept.
The date of filing the quarterly securities report:
February 7, 2013
The date of the dividend payment start:－Preparation of quarterly earnings presentation material:NoHolding of quarterly earnings announcement:
NoTEL: +81-3-3747-0251(Figures are rounded off to the nearest million yen.)

1. Consolidated Financial Results for the Third Quarter of the Fiscal Year Ending March 2013 (April 1, 2012 - December 31, 2012)(1) Consolidated Business Results(Percentages are changes from the same period of the previous year.)Net sales
Operating income
Ordinary income
Net income
First nine months ended

Millions of yen

December 31, 2012
December 31, 2011

15,777
15,374% Millions of yen

2.6(9.1)(Note) Comprehensive income:% Millions of yen2,866
2,378

20.5(9.1)% Millions of yen

2,960
2,355

25.7(8.5)

First nine months ended December 31, 2012: 1,618 million yen
First nine months ended December 31, 2011: 1,098 million yen

Net income
per share

%

1,717
1,013

69.4
(51.2)(47.4%)((48.8%))

Diluted net income
per shareFirst nine months endedYen

Yen

December 31, 2012
December 31, 2011

33.23
19.61

－－Total assets

Net assets(2) Consolidated Financial Position

As of December 31, 2012
As of March 31, 2012
(Reference) Equity capital:

Equity ratioNet assets per share

Millions of yen

Millions of yen%

Yen

72,452
74,864

46,66247,27462.5
61.4

876.39915.05

As of December 31, 2012: 45,276million yen

As of March 31, 2012: 45,958 million yen

2. Dividends
Dividends per share

Q1
FY ended March 31, 2012
FY ending March 31, 2013
FY ending March 31, 2013（Forecasts）

Q2

Q3

Yen

Yen－－

6.00
6.00

Q4

Annual

Yen

Yen

Yen－－

6.00

12.00

6.00

12.00

(Note) Changes in the latest forecasts released: No

3. Forecast of Consolidated Earnings for the Year Ending March 2013 (April 1, 2012 - March 31, 2013)(Percentages are changes from the same period of the previous year.)Net sales
Full fiscal year

Operating income

Ordinary income

Net income
per share

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

21,170

1.7

3,430

23.8

3,340

23.2

1,980

14.5

38.33

(Note) Changes in the latest forecasts released: No

4. Other Information(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting from changes in scope ofconsolidation): No(2) Application of specific accounting treatments in preparing the quarterly consolidated financial statements: Yes
Note: For details, please refer to “2. Summary Information (Other), (2) Application of Specific Accounting Treatments in Preparing theQuarterly Consolidated Financial Statements” on page 4.

(3) Changes in accounting policies, changes in accounting estimates, and restatement of revisions
1) Changes in accounting policies with revision of accounting standards, etc. : Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: Yes- 1 -4) Restatement of revisions: No(4) Number of issued shares (common shares)
1) Number of issued shares (including
As of December 31, 2012:treasury stock)
As of December 31, 2012:
2) Number of treasury stock3) Average number of shares during First nine months ended
the period
December 31, 2012:

54,903,750 shares As of March 31, 2012:

54,903,750 shares

3,241,454 shares As of March 31, 2012:

3,241,249 shares

51,662,457 shares First nine months ended
December 31, 2011:

51,662,719 shares* Implementation status of quarterly review procedures
The quarterly review procedures stipulated in the Financial Instruments and Exchange Act are not applicable to this Financial Results report,
and the procedures have not been completed when this Financial Results report was disclosed.

* Explanation of the proper use of earnings forecasts and other special notes
The statements about future described on this report such as earnings forecasts have been made based on information currently available andcertain assumptions considered reasonable, and it is not intended to assure that we will achieve such results. Actual earnings may differ
significantly from the above forecasts for various reasons. For the assumptions for earnings forecasts and cautions regarding the use of theearnings forecasts, please refer to “1. Qualitative Information on Consolidated Financial Results for the Quarter Ended December 31, 2012” (3)Qualitative Information on Consolidated Earnings Forecast on page 4.

- 2 -1. Qualitative Information on Consolidated Financial Results for the Quarter Ended December 31, 2012
(1) Qualitative Information on Consolidated Business Results
In Japan, despite the continuous support from the reconstruction demand related to the Great Eastern Japan Earthquake,business earnings, especially in manufacturing industry, have grown weaker during the nine months ended December 31,
2012, in consequence of slowdown in the European and U.S. economies and the negative impact on export of theworsening relationship with China and South Korea. The outlook of the economy continues to be uncertain as improvementof the employment conditions also seemed to have paused; however, the change of government has raised the expectations
for implementation of the new economic policies.
In the aviation industry, the entry of low-cost carriers (LCC) contributed to increasing demands in the industry and led toincreases in number of flights in airports and revenues, and further improvements in the LCC business environment are inprogress, including the opening of exclusive terminals for LCCs in the Narita International Airport, the Kansai International
Airport and the Naha Airport. Major airline companies also announced sound business results as a decrease in passengers
flying to China and South Korea was covered by an increase in passengers to South East Asia or U.S., resulting in growthfrom the previous year both in number of passengers and cargo volume, and the number of passengers during the year-end
holiday season also remained on the upward trend.
In the aviation administration, in November, the Ministry of Land, Infrastructure, Transport and Tourism determined theallocation of the new capacity for domestic flights arrivals and departures to be increased in March 2013 in the Tokyo
International Airport, which is expected to further grow and develop as the hub for air network.
Under such economic conditions, the Group (the Company and its consolidated subsidiaries) recorded net sales of¥15,777 million (up 2.6% from the same period of the previous year), operating income of ¥2,866 million (up 20.5%) andordinary income of ¥2,960 million (up 25.7%) and net income of ¥1,717 million (up 69.4%) due to full-year operation offacilities in a local airport and outside the airport purchased during the fiscal year ended March 31, 2012, new operation ofproperties purchased during the period and improvement in occupancy rates of idle facilities.
Performance by business segment is as follows:(i) Real Estate Business
Real Estate Business recorded net sales of ¥10,760 million, an increase by ¥611 million (6.0%) from the same periodof the previous year, and operating income of ¥1,990 million, an increase by ¥535 million (36.7%), as a result of fullyear operation of Rinku International Logistics Center purchased during the fiscal year ended March 31, 2012, newoperation of Kitakyushu Airport Training Center completed in August 2012, as well as improvement in occupancy
rates of idle facilities in the Tokyo International Airport.
(ii) District Heating & Cooling BusinessDistrict Heating & Cooling Business recorded net sales of ¥3,161 million, an increase by ¥126 million (4.1%)
from the same period of the previous year, due to solid sales from heating business which benefited from theaverage winter temperature lower than the previous year and an increase in sales from cooling business during
the summer, but operating income decreased by ¥36 million (4.7%) to ¥724 million due to increase in
expenses such as gas and electricity fees.
(iii) Waterworks & Drainage Management and Other BusinessNet sales in Waterworks & Drainage Management and Other Business decreased by ¥334 million (15.3%) from thesame period of the previous year to ¥1,856 million as a result of expiration of the waterworks & drainage
management contract with the New Chitose Airport and the change in contract forms with the Osaka International
Airport, but operating income decreased only by ¥10 million (6.4%) to ¥153 million which was almost the same level
as the previous fiscal year as expenses such as water charge also decreased.
(2) Qualitative Information on Consolidated Financial Position(Assets)
Total assets as of December 31, 2012 amounted to ¥72,452 million, a decrease by ¥2,413 million compared toMarch 31, 2012, due to a decrease in cash and deposits as a result of deconsolidation of a consolidated subsidiaryand a decrease in noncurrent assets from depreciation.
(Liabilities)- 3 -Despite increases in unearned revenue arising from land rent invoiced for the year ending March 31, 2013 and inguarantee deposited from new tenants, liabilities as of December 31, 2012 decreased by ¥1,801 million from March31, 2012 to ¥25,790 million, as a result of repayment of long-term loans payable.
(Net assets)
Despite net income for the nine months ended December 31, net assets as of December 31 decreased by ¥611 million
compared to March 31, 2012 to ¥46,662 million as retained earnings decreased due to dividends payment anddeconsolidation of a consolidated subsidiary.
As a result, equity ratio increased by 1.1 points to 62.5% compared to March 31, 2012.
(3) Qualitative Information on Consolidated Earnings Forecast
There is no change as to Consolidated Earnings Forecast for the Year Ending March 2013 which was announced in theFinancial Results for the Year Ended March 31, 2012 [J-GAAP] dated May 11, 2012.

2. Summary Information (Other)(1) Changes in Material Subsidiaries during the Period under Review
Not applicable.
(2) Application of Specific Accounting Treatments in Preparing the Quarterly Consolidated Financial Statements
Specific accounting treatments in preparing the quarterly consolidated financial statements
Tax expenses are calculated as income before income taxes and minority interests for the quarter multiplied by the estimatedeffective tax rate. The effective tax rate is reasonably estimated taking into consideration deferred tax accounting as the rateapplicable to income before income taxes and minority interests for the consolidated fiscal year including the quarter ended
December 31, 2012.
(3) Changes in Accounting Policies and Estimates, and Restatements
Change in accounting policy(Change in depreciation method)
Following the amendment to the Corporate Tax Law, property, plant and equipment acquired on or after April 1, 2012 aredepreciated using the depreciation method in accordance with the amended Corporate Tax Law effective April 1, 2012.
The impact of this change is insignificant.

- 4 -3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Thousands of yen)
FY3/12(As of March 31, 2012)

Third quarter of FY3/13(As of December 31, 2012)

AssetsCurrent assets
Cash and deposits

2,855,193

2,582,576

Notes and accounts receivable-trade

1,409,289

1,069,726

920,135

1,354,396

Merchandise and finished goods

5,358

－

Raw materials and supplies

44,437

46,402

Lease investment assets

94,763

94,7632,299,417－

636,270

1,238,384

8,264,862

6,386,247

Buildings and structures, net

50,321,117

48,778,618

Machinery, equipment and vehicles, net

3,111,551

3,237,476

50,79237,922

8,038,134

7,991,622

139,657

449,549

61,661,251

60,495,187

131,425

105,1902,508,437

2,985,800

7,596

6,599

1,962,805

2,077,566

Others366,259433,516

Allowance for doubtful accounts(38,233)(38,233)

Total investments and other assets

4,806,864

5,465,248

66,599,540

66,065,625

74,864,402

72,451,872

Deferred tax assets
Short-term loans receivable
OthersTotal current assets
Noncurrent assets
Property, plant and equipment

Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets

Total noncurrent assets
Total assets- 5 -(Thousands of yen)
FY3/12(As of March 31, 2012)

Third quarter of FY3/13(As of December 31, 2012)

Liabilities
Current liabilities
Notes and accounts payable-trade

1,756,444

529,267

Short-term loans payable

4,963,532

5,107,092

Accounts payable

162,917406,520

Income taxes payable

256,940

530,379

Accrued expenses

171,416

111,049

Unearned revenue

763,680

1,454,826

Provision for bonuses

119,239

57,687

Provision for directors' bonuses

21,03810,519Provision for removal cost of property, plant and equipment

31,801

34,964

Others966,624

931,219

9,213,631

9,173,522

Long-term loans payable

13,092,862

10,865,440

Long-term guarantee deposited

4,606,985

5,017,225

Long-term accounts payable-facilities

359,471359,471

Provision for retirement benefits

148,425

171,317

Provision for directors' retirement benefits

169,454

202,694

18,377,197

16,616,147

27,590,828

25,789,669

Capital stock

6,826,100

6,826,100

Capital surplus

6,982,921

6,982,921

Retained earnings

33,156,964

32,682,382

Treasury stock(1,561,558)(1,561,637)

Total shareholders' equity

45,404,427

44,929,766

553,678

346,438

Total current liabilities
Noncurrent liabilities

Total noncurrent liabilities
Total liabilities
Net assets
Shareholders’ equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

553,678

346,438

Minority interests

1,315,469

1,385,999

Total net assets

47,273,574

46,662,203

74,864,402

72,451,872

Total accumulated other comprehensive income

Total liabilities and net assets- 6 -(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive Income(Quarterly Consolidated Statements of Income)(Thousands of yen)First nine months of FY3/12(April 1, 2011 – December 31, 2011)

First nine months of FY3/13(April 1, 2012 – December 31, 2012)

Net sales

15,374,414

15,777,102

Cost of sales

11,767,040

11,782,302

Gross profit

3,607,374

3,994,800

Selling, general, and administrative expenses
Directors' compensations

183,143

190,409

Salaries and bonuses

405,362

390,912

Provision for bonuses

35,787

34,110

Provision for directors' bonuses

10,51910,519Transportation and communication expenses

58,50563,007

Taxes and dues

78,06354,741

Depreciation

20,403

26,601

437,641

358,133

1,229,423

1,128,432

2,377,951

2,866,368

16

318

Dividends income

74,481

354,521

Commission fee

31,148

10,099Gain on investments in silent partnership

24,50428,477

Others67,90347,213

Total non-operating income

198,052

440,628

207,813212,227－134,318

13,077

461

OthersTotal selling, general, and administrative expenses
Operating incomeNon-operating income
Interest income

Non-operating expenses
Interest expenses
Cost of abandonment of noncurrent assets
OthersTotal non-operating expenses

220,890347,006

2,355,113

2,959,990

57,000－

Others1,000－

Total extraordinary income

58,000－Loss on retirement of noncurrent assets

40,70645,295

Ordinary income
Extraordinary income
Insurance income

Extraordinary loss
Loss on disaster

55,383－

Directors' retirement benefits

4,669

495

Loss on valuation of investment securities

2,608－

Total extraordinary loss

103,366

45,790

Income before income taxes

2,309,747

2,914,200

Income taxes

1,160,657

1,088,543

Income before minority interests

1,149,090

1,825,657

Minority interests in income
Net income- 7 -135,773

108,858

1,013,317

1,716,799

(Quarterly Consolidated Statements of Comprehensive Income)(Thousands of yen)First nine months of FY3/12(April 1, 2011 – December 31, 2011)

First nine months of FY3/13(April 1, 2012 – December 31, 2012)

1,149,090

1,825,657

Valuation difference on available-for-sale securities(51,116)(207,240)

Total other comprehensive income(51,116)(207,240)

1,097,974

1,618,417

Comprehensive income attributable to owners of the parent

962,201

1,509,559

Comprehensive income attributable to minority interests

135,773

108,858

Income before minority interests
Other comprehensive income

Comprehensive income
Comprehensive income attributable to- 8 -(3) Notes on Premise of Going Concern
Not applicable.
(4) Notes on Significant Changes in Shareholders’ Equity
Not applicable.

- 9 -