Kansai International Airport Company, Ltd.
Consolidated Balance Sheets
March 31, 2010 and 2009

Millions of Yen20102009

ASSETS
CURRENT ASSETS:
Cash and cash equivalents:
CashTime deposits
Total cash and cash equivalents
Receivables:
Trade accounts
Other
Other current assets
Allowance for doubtful accounts
Total current assets
PROPERTY, PLANT AND EQUIPMENTLand
Buildings and structures
Machinery and equipment
Furniture and fixtures
Construction in progress
Total
Accumulated depreciation
Net property, plant and equipment
INVESTMENTS AND OTHER ASSETS¥14,131¥21,868

Thousands ofU.S. Dollars
2010$

151,946

14,131

21,868151,946

4,939
120
2,212
(17)

5,434
150
1,726
(17)

53,1081,290
23,785(183)

21,38529,161

229,946

1,054,231
783,117
95,434
18,777
392,690
2,344,249(451,659)

1,054,822
844,863
99,654
18,936384,960
2,403,235(453,697)

11,335,817
8,420,613
1,026,172
201,903
4,222,473
25,206,978(4,856,548)

1,892,590

1,949,538

20,350,430

1,602

2,895

17,226

LIABILITIES AND EQUITYCURRENT LIABILITIES:
Short-term bank loans
Current maturities of long-term debt
Payables:Trade accounts
Construction and other
Other current liabilities¥ 1,915,577¥ 1,981,594$ 20,597,602¥

14,400134,899¥

34,000126,125

Thousands of
U.S. Dollars
2010$

154,838
1,450,527

3,377
4,909
8,479

3,636
5,888
7,523

36,31252,78591,172

166,064

177,172

1,785,634

1,138,937
8,384
2,900

1,194,305
9,382
2,809

12,246,634
90,151
31,183

1,150,221

1,206,496

12,367,968

813,820(214,857)

812,650(214,999)

8,750,752(2,310,290)

Total

598,963597,6516,440,462

Minority Interests

3292753,538

599,292¥ 1,915,577

597,926¥ 1,981,594

6,444,000$ 20,597,602

Total current liabilities
LONG-TERM LIABILITIES:Long-term debt
Long-term deposits received
Other long-term liabilities
Total long-term liabilities

EQUITY
Common stock, 17,542 thousand sharesauthorized in 2010 and 2009;
16,276 thousand and 16,253 thousand sharesissued and outstanding in 2010 and 2009
Deficits

Total equity
TOTAL

Millions of Yen20102009

TOTAL

Kansai International Airport Company, Ltd.
Consolidated Statements of Operations
Years Ended March 31, 2010 and 2009

Millions of Yen
2010
2009
OPERATING REVENUES:
Airport facilities
Airport service
Airport - other
Railway facilities
Total operating revenues¥OPERATING EXPENSES:
Airport - facilities and service operations
Airport - other operations
Airport - selling, general and administrative
Airport - depreciation
Total airport operating expenses

48,08915,223
18,973
4,187
86,472¥56,151
18,553
19,876
4,593
99,173Thousands ofU.S. Dollars
2010$517,085
163,688
204,01145,022929,806

25,0738,429
8,851
27,79570,14828,986
8,811
9,605
30,292
77,694

269,602
90,634
95,172
298,871754,279

Railway facilities - operations
Railway facilities - general and administrative
Railway facilities - depreciation
Total railway operating expenses

902
126
2,724
3,752

905
142
2,691
3,738

9,699
1,355
29,29040,344

Total operating expenses

73,90081,432

794,623

12,572

17,741

135,183242
9,000(20,943)58
9,000(22,744)

2,602
96,774(225,194)(667)(12,368)(10,794)(24,480)(7,171)(132,989)

INCOME BEFORE INCOME TAXES AND
MINORITY INTERESTS204(6,739)

2,194

INCOME TAXES
Current
Deferred
Total income taxes

93(85)
892(31)61

1,000(914)86

MINORITY INTERESTS IN NET INCOME OFSUBSIDIARIES

54(66)

581(6,734)

1,527

OPERATING INCOME
OTHER INCOME(EXPENSES):Interest income
Government subsidy
Interest expence
Amortization of deferred charges
Other - net
Other expenses - net

NET INCOME

¥142

¥
Yen

INCOME PER COMMON SHARE

¥8.74

¥

U.S. Dollars(414.31)$0.1

Kansai International Airport Company, Ltd.
Consolidated Statements of Changes in EquityYears Ended March 31, 2010 and 2009Thousands
IssuedNumber of
Shares ofCommon Stock

CommonStock

Deficits

Total

16,251

812,550(208,265)

604,285

Issuance of common stock
Net income
Net change in the year

2100(6,734)

100(6,734)

BALANCE, MARCH 31, 2009

16,253

812,650Issuance of common stock
Net income
Net change in the year

23

1,170

BALANCE, MARCH 31, 2010

16,276BALANCE, APRIL 1, 2008

Millions of Yen
Shareholders' Equity¥813,820(214,999)

597,651142

1,170142¥ (214,857)¥598,963¥

Minority
interest

TotalEquity

341

604,626(66)

100(6,734)
(66)

275

597,926

54

1,170
142
54329

¥

599,292

Kansai International Airport Company, Ltd.
Consolidated Statements of Changes in Equity
Years Ended March 31, 2010 and 2009
Thousands of U.S. dollars
Shareholders' Equity
CommonStock

Deficits

Total

BALANCE, MARCH 31, 2009

$ 8,738,172$ (2,311,817)$ 6,426,355

Issuance of common stock
Net income
Net change in the year

12,5801,527

12,580
1,527

BALANCE, MARCH 31, 2010

$ 8,750,752$ (2,310,290)$ 6,440,462$$

Minority
interest

TotalEquity

2,957$ 6,429,312

581

12,5801,527581

3,538$ 6,444,000