Note: This document has been translated from the Japanese original, for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022) [J-GAAP](Consolidated)
August 3, 2022
Japan Airport Terminal Co., Ltd. (“the Company”) Listed stock exchange: Tokyo, Prime Market
9706
URL: https://www.tokyo-airport-bldg.co.jp/company/en/
Nobuaki Yokota, President and COO
Kazuhito Tanaka, Senior Managing Director
TEL 03-5757-8409
Scheduled date of filing securities report:
August 12, 2022
Scheduled date of commencing dividend payment:－
Supplementary materials on financial results (yes/no)
No
Holding of quarterly investors’ meeting (yes/no)
No
Company name:
Code number:
Representative:
Contact:(Figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the First Three Months of FY2022 (April 1, 2022 to June 30, 2022)(1) Consolidated Business Results (Cumulative)
Operating revenues(%: Change from the same period of the previous year)

Operating income/(loss)

Net income/(loss)
attributable to owners of
the parent

Ordinary income/(loss)

First Three
Months ofMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

FY2022
FY2021

19,371
11,992

61.5-(6,201)(11,168)-(6,436)(11,711)-(2,651)(7,129)-(Note) Comprehensive income/(loss): First three months of FY2022 ¥-7,416 million (-%) First three months of FY2021 ¥-10,651 million (-%)

First Three
Months of

Net income/(loss)
per share
Yen

Diluted net income
per shareYen(28.47)(76.55)-

FY2022
FY2021(Note) Although potential shares exist, diluted net income per share for the first three months of FY2021 is not shown due to net loss per share.
In addition, diluted net income per share for the first three months of FY2022 is not shown since potential shares do not exist.

(2) Consolidated Financial Position
Total assets

As of June 30, 2022
As of March 31, 2022
(Reference) Equity capital:

Equity capital tototal assets

Net assets

Net assets per share

Millions of yen

Millions of yen%

Yen

456,250
463,878

148,592
156,009

33.0
33.2

1,616.52
1,655.32

As of June 30, 2022 ¥150,557 million

As of March 31, 2022 ¥154,170 million

2. Dividends
Dividends per share
Q1-EndFY2021
FY2022
FY2022 (Forecast)

Q2-EndQ3-EndYear-End

Annual

Yen

Yen

Yen

Yen

Yen

-

0.00

-

0.00

0.00

-

-

-

-

(Note) 1. Revisions to the most recently announced dividends forecast for FY2022: None
2. We have decided to postpone the announcement of the outlook for dividend payment for the fiscal year ending March 31, 2023.

3. Forecast of Consolidated Financial Results for FY 2022 (April 1, 2022 to March 31, 2023)(%: Change from the same period of the previous year)

Operating revenues

First half
Full-year
Note:

Operatingincome/(loss)

Net
income/(loss)
per share

Net income/(loss)
attributable to ownersof the parent

Ordinary
income/(loss)

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

45,400105,600

75.7
85.1(10,500)(16,600)-(11,000)(18,100)-(4,000)(5,700)-(42.95)(61.20)

1. Revisions to the most recently announced forecast of consolidated financial results for FY2022: None

* Notes(1) Significant changes in subsidiaries during the period under review (changes in specified subsidiaries involving changes in scope of
consolidation): No
New: None
Excluded: None
(2) Adoption of special accounting methods for preparation of quarterly consolidated financial statements: Yes(Note) For details, please refer to page 11 of the appendix materials “2. Quarterly Consolidated Financial Statements and Notes(3) Notes on Quarterly Consolidated Financial Statements: Adoption of Special Accounting Methods for Preparation of
Quarterly Consolidated Financial Statements”.
(3) Changes in accounting policies, accounting estimates, and restatement of revisions
1) Changes in accounting policies due to revisions of accounting standards, etc.: Yes
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Restatement of revisions: None
(Note) For details, please refer to page 11 of the appendix materials “2. Quarterly Consolidated Financial Statements and Notes(3) Notes on Quarterly Consolidated Financial Statements: Changes in Accounting Policies”.
(4) Number of shares outstanding (common stock)1) Number of shares outstanding at the period-end (including treasury stock):
As of June 30, 2022
93,145,400 shares
As of March 31, 2022
2) Number of treasury stock at the period-end:
As of June 30, 2022
8,747 shares
As of March 31, 2022
3) Average number of shares outstanding (quarterly consolidated cumulative period):First quarter of FY2022
93,136,654 sharesFirst quarter of FY2021

93,145,400 shares
8,737 shares
93,136,782 shares* This quarterly financial report is not subject to the quarterly review by certified public accountants or auditing
firms.
* Statements regarding the proper use of financial forecast and other special remarks
Notes on the use of forward-looking statements
The forecast of the business results reported herein was prepared based on information the Company had in its possession as of thetime this report was prepared and on certain assumptions judged to be reasonable. The Company makes no guarantee that thesefigures will be achieved. Actual results may differ significantly from forecasts due to various factors. For the assumptions used infinancial forecasts and precautionary statements regarding the use of the forecasts, please refer to page 5 of the appendix materials “1.
Qualitative Information on Consolidated Financial Results for the First Three Months of FY2022 (3) Explanation of Consolidated
Financial Forecasts and Other Forward-looking Statements”.

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)

Contents of the Appendix Materials
1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST THREE
MONTHS OF FY2022 (APRIL 1, 2022 TO JUNE 30, 2022) ............................................................................................ - 2 (1) EXPLANATION OF OPERATING RESULTS ................................................................................................... - 2 (2) EXPLANATION OF FINANCIAL POSITION ................................................................................................... - 5 (3) EXPLANATION OF CONSOLIDATED FINANCIAL FORECASTS AND
OTHER FORWARD-LOOKING STATEMENTS ............................................................................................ - 5 2. QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS AND NOTES ...................................................... - 6 (1) QUARTERLY CONSOLIDATED BALANCE SHEETS ....................................................................................... - 6 (2) QUARTERLY CONSOLIDATED STATEMENTS OF INCOME AND QUARTERLY CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME .................................................................................................................... - 8 Quarterly Consolidated Statements of Income ............................................................................................... - 8 Quarterly Consolidated Statements of Comprehensive Income ...................................................................... - 10 (3) NOTES ON QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS .......................................................... - 11 (NOTES ON THE PREMISE OF A GOING CONCERN) ................................................................................... - 11 (NOTES ON A SIGNIFICANT CHANGE IN SHAREHOLDERS’ EQUITY) .......................................................... - 11 (ADOPTION OF SPECIAL ACCOUNTING METHODS FOR PREPARATION OF QUARTERLY CONSOLIDATEDFINANCIAL STATEMENTS) .................................................................................................................... - 11 (CHANGES IN ACCOUNTING POLICIES) .................................................................................................... - 11 (ADDITIONAL INFORMATION)................................................................................................................... - 11 (SEGMENT INFORMATION) ...................................................................................................................... - 12 --1-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)

1. Qualitative Information on Consolidated Financial Results for the First Three Months of FY2022(April 1, 2022 to June 30, 2022)(1) Explanation of Operating Results
During the first three months of the fiscal year ending March 31, 2023, the Japanese economy showed agradual recovery. Looking ahead, it is expected that the recovery trend will continue, resulting from theeffects of various policies, while thorough measures are taken to prevent the spread of the new Coronavirus(“COVID-19”) infection and social as well as economic activities return to a normal state. However, it isnecessary to pay close attention to downside risks due to a volatility in the financial and capital markets amid
the tightening of monetary policy around the globe, an increase in raw material prices, and restrictions on
supply chain networks, among other factors.
Under these economic conditions, in the airline industry, flight demand steadily recovered and thenumber of passengers on domestic flights at Haneda Airport for the first three months of FY2022 was justover twice the number of passengers during the same period of last year, and was just over 60% of the same
period of FY2019, which was before the impact of COVID-19 hit. As for international flights, border control
measures are being eased worldwide with the exception of some countries and regions. And in Japan,
quarantine measures at the time of entry were eased in June, and acceptance of foreign tourists to Japan
resumed with certain conditions. On the other hand, a cap has been set on the number of passengers entering
Japan per day. As a result, although the number of passengers on international flights at Haneda Airport has
increased to about four times year-on-year, it remains at the level of just over 10% of the same period of
FY2019. The Japan Airport Terminal Group (“JAT Group”) continues to take measures at various locations
within the terminal buildings to prevent the spread of COVID-19 and ensure the safety and security of airport
users and employees.
Under these circumstances, the JAT Group has put together the new Medium-Term Business Plan
(FY22-FY25) “To Be a World-Best Airport 2025 -towards becoming one of the most advanced,
human-and-eco-friendly airports by 2030-”. Setting the years of 2030 and 2025 as milestones, the plan is abackcast by 2025 that reflects our goals for 2030. 2030 is when the government targets 60 million foreign
visitors to Japan and a 46% reduction in CO2 emissions compared to 2013 and 2025 is when the number ofpassengers is expected to recover to the level of before COVID-19. The main pillars of our management
strategy in the Medium-Term Business Plan are to establish a foundation for regrowth, to capture future
airline demand and to expand our earnings base. In order to promote these strategies in a sophisticated andefficient manner, we will strengthen the management foundations of digital transformation, organization,
personnel, governance, and financial strategies, and position sustainability as a core concept in our business
operations.
On the sales front, during the first three months of FY2022, we opened two renewed “Samantha
Thavasa” stores that sell upcycled products. In addition, we actively held events such as product and tourism
fairs of various regions of Japan in an effort to capture demand driven by the recovery in the number ofpassengers. We also launched “HANEDA PICK UP”, which allows customers to pick up items orderedthrough our official e-commerce website “HANEDA Shopping” at our Haneda Airport stores. Other than that,
we are promoting efforts to link e-commerce and brick-and-mortar stores, such as selling “in-flight meals
from around the world” at vending machines in the airport terminal buildings, which are popular on our
e-commerce website.
In terms of facilities, we are taking measures to improve passenger convenience that take into accountthe “New Normal” including the installation of private work boxes suitable for working outside the office. At
the same time, to cooperate with the request from the Ministry of Economy, Trade and Industry to save power,
we are turning off some of the lights and controlling air conditioning operation in the terminal buildings in
response to the tight supply and demand of electricity. We will also steadily push forward investment plans
for the future, such as selecting the contractor for the construction of connection between the satellite
building on the north side of Terminal 2 and the main terminal building.
In addition, we are increasing the number of installations of “Radi-Cool”, a radiant cooling material forwhich we serve as a sales agent, at other domestic airports and elsewhere. We will also continue our efforts to
reduce environmental burdens and build a recycling-oriented society including the hosting of “HANEDA
Fashion Swap vol. 2”, an event to collect and exchange unwanted clothing. In May, a new terminal at the
Palau International Airport, in which we participate, commenced operation. As the only international airport
in the Republic of Palau, we aim to contribute to the sustainable development of the economy and society of
Palau, where tourism is a key industry.
In terms of organization and governance, the Company shifted to the Prime Market of the Tokyo Stock
Exchange in April. In June, the Company transitioned to a company with an Audit and Supervisory
Committee to accelerate decision-making. In addition, in July, we established a new Sustainability
Committee and created the Sustainability Promotion Office as a dedicated organization. Going forward, we
will accelerate our sustainability initiatives across the entire company, while establishing theme-based-2-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)

working groups.
Haneda Airport’s passenger terminals have been awarded first place for the second consecutive year in the“Best Airports in Asia”, a comprehensive evaluation of airports in Asia, in the 2022 Global Airport Rating by
SKYTRAX in the UK. In addition, we were second place globally, for the fourth consecutive year in the“World’s Best Airports”, which comprehensively evaluates various aspects of airports. Furthermore, we wereawarded first place in the “World’s Cleanest Airports” (for the seventh consecutive year), “World’s Best
Domestic Airports” (for the tenth consecutive year), and “World’s Best PRM / Accessible Facilities” (for the
fourth consecutive year).
As a result of the above, with respect to the consolidated financial results for the first three months of the
fiscal year ending March 31, 2023, operating revenues was ¥19,371 million (an increase of 61.5%
year-on-year) due to the increase in operating revenues for all of the business segments compared to the same
period of the previous year in line with the steady recovery of passenger volume. As a result of the recovery inrevenue and sustained cost reduction, operating loss decreased to ¥6,201 million (compared to operating loss of¥11,168 million during the same period of the previous year), ordinary loss was ¥6,436 million (compared toordinary loss of ¥11,711 million during the same period of the previous year), and quarterly net loss attributableto owners of the parent was ¥2,651 million (compared to quarterly net loss attributable to owners of the parentof ¥7,129 million during the same period of the previous year).
(Millions of yen)

Operating Results

First Three Months of FY2021(ended June 30, 2021)

First Three Months of FY2022(ended June 30, 2022)

Year-on-Year(%)

11,992
9,014
2,289
687
(11,168)(11,711)

19,371
12,486
5,306
1,578(6,201)(6,436)

61.5
38.5
131.7
129.6
-

(7,129)(2,651)-

Operating revenues[Facilities Management][Merchandise Sales][Food and Beverage]
Operating income/(loss)
Ordinary income/(loss)
Quarterly net income/(loss)
attributable to owners of the parent

Although the outlook remains uncertain, as evidenced by the increasing number of new cases of
COVID-19, passenger volume on domestic flights at Haneda Airport has remained steady. The number ofinternational flights is also gradually increasing, with the resumption of flights to South Korea at the end ofJune, and further recovery is expected in the future. The JAT Group will continue to apply the lessons learned
from the COVID-19 pandemic to its terminal operations, while capturing the recovering passenger demandand pave the way for renewed growth. And we will work to enhance the value of Haneda Airport, the gateway
to Japan and the greater Tokyo area, by further improving the convenience, comfort, and functionality of theHaneda Airport Passenger Terminal as well as by ensuring the safe and smooth entry, exit, and transportationof all customers.
The following is a breakdown of earnings / (loss) by segment. Note that the figures for operating revenuesof each segment include intersegment sales and the figures for operating income / (loss) are equivalent to thosefor segment income / (loss).

Overview by Segment[Facilities Management](Millions of yen)

Operating Results

First Three Months of FY2021(ended June 30, 2021)

First Three Months of FY2022(ended June 30, 2022)

Year-on-Year
(%)

9,014
4,486
1,940
2,588
389
9,404
(6,776)

12,486
5,012
4,720
2,753
538
13,025(3,225)

38.5
11.7
143.3
6.4
38.5
38.5
-

Sales to external customers
Rent revenue
Facility user charges revenue
Other revenues
Intersegment sales and transfers
Total of Operating Revenues
Segment income/(loss)-3-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)

Rent revenue increased from the same period of the previous year primarily due to the increase in rent
income on a percentage basis.
Revenue from facility user charges increased from the same period of the previous year primarily due tothe increase in the passenger service facility charge driven by the recovery in passenger volume and the revisionof charges.
Other revenues increased from the same period of the previous year primarily due to the increase in paidlounge sales and parking revenue despite the decrease in contracted construction revenue.
As a result, operating revenues from facilities management operations was ¥13,025 million (an increase of
38.5% year-on-year). Operating loss for the segment improved to ¥3,225 million (compared to operating lossof ¥6,776 million during the same period of the previous year).

[Merchandise Sales](Millions of yen)

Operating Results

First Three Months of FY2021(ended June 30, 2021)

First Three Months of FY2022(ended June 30, 2022)

Year-on-Year
(%)

2,289
757

5,306
1,869

131.7
146.7

742

2,087

181.1

789
61
2,351
(1,802)

1,349
190
5,497
(836)

71.0
209.7
133.8
-

Sales to external customers
Sales at domestic terminal stores
Sales at international terminal
storesOther revenues
Intersegment sales and transfers
Total of Operating Revenues
Segment income/(loss)

Sales at domestic terminal stores increased from the same period of the previous year because of therecovery in domestic passenger volume.
Sales at international terminal stores increased from the same period of the previous year due to theincrease in international passenger volume at Haneda Airport, Narita Airport and other airports.
Other revenues increased from the same period of the previous year because of the increase in revenue forthe wholesaling business.
As a result, operating revenues from merchandise sales operations was ¥5,497 million (an increase of
133.8% year-on-year) and operating loss for the segment was ¥836 million (compared to operating loss of¥1,802 million during the same period of the previous year).

[Food and Beverage](Millions of yen)

Operating Results

First Three Months of FY2021(ended June 30, 2021)

First Three Months of FY2022(ended June 30, 2022)

Year-on-Year
(%)

687

1,578

129.6

444

1,023

130.2

147
95
142
829
(921)

332
223
231
1,810
(268)

125.6
132.7
62.8
118.2
-

Sales to external customers
Sales from food and beverage
storesSales from in-flight meals
Other revenues
Intersegment sales and transfers
Total of Operating Revenues
Segment income/(loss)

Sales from food and beverage operations increased from the same period of the previous year primarily
due to the recovery in domestic passenger volume.
Sales from in-flight meals increased from the same period of the previous year primarily due to theincrease in passenger volume of the foreign carriers at Narita Airport.
As a result, operating revenues from food and beverage operations was ¥1,810 million (an increase of
118.2% year-on-year) and operating loss for the segment was ¥268 million (compared to operating loss of¥921 million during the same period of the previous year).

-4-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)(2) Explanation of Financial Position[Assets]
Current assets decreased by ¥309 million from the previous fiscal year end to ¥113,558 million primarily
due to the decrease in merchandise and finished products. Fixed assets decreased by ¥7,318 million from theprevious fiscal year end to ¥342,691 million primarily due to depreciation. As a result, total assets decreasedby ¥7,628 million from the previous fiscal year end to ¥456,250 million.
[Liabilities]
Total liabilities decreased by ¥211 million from the previous fiscal year end to ¥307,658 million primarily
due to the scheduled payment of long-term loans payable despite the increase in accrued interest payable andaccrued expenses due to the recording of government-owned property user charges.
[Net Assets]
Total net assets decreased by ¥7,417 million from the previous fiscal year end to ¥148,592 million
primarily due to the decrease in retained earnings and non-controlling interests by quarterly net loss.
As a result, the equity ratio was 33.0% (compared to 33.2% at the previous fiscal year end).
(3) Explanation of Consolidated Financial Forecasts and Other Forward-looking Statements
During the first three months of the fiscal year ending March 31, 2023, the number of passengers at
Haneda Airport exceeded the forecast for both domestic and international flights due to recovery in travel
demand following the lifting of restrictions on activities in Japan and the easing of quarantine measures atentry into Japan. As for the consolidated financial results, operating revenues and operating income/loss bothexceeded the forecast due to higher-than-expected revenue from facility user charges and merchandise sales in
addition to sustained cost reduction.
With respect to the future prospect, the outlook remains uncertain due to increase in number of COVID-19
cases in Japan, while we expect a recovery in demand for domestic flight during the summer vacation period.
We decided not to make any changes to the consolidated financial forecasts for the first half and full year of
the fiscal year ending March 31, 2023, which we announced on May 12, 2022, and will closely monitor future
trends.
In addition, we have decided to postpone the announcement of the outlook for dividend payment.

-5-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)

ASSETS
Current assets
Cash and deposits
Accounts receivable
Securities
Merchandise and finished products
Raw materials and stored goods
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures
Accumulated depreciation and impairment loss
Buildings and structures (net)
Machinery, equipment and vehicles
Accumulated depreciation and impairment loss
Machinery, equipment and vehicles (net)Land
Lease assets
Accumulated depreciation and impairment loss
Lease assets (net)
Construction in progress
Other tangible fixed assets
Accumulated depreciation and impairment loss
Other tangible fixed assets (net)Total tangible fixed assets
Intangible fixed assets
Leasehold right
Other intangible fixed assets
Total intangible fixed assets
Investments and other assets
Investment securities
Deferred tax assets
Net defined benefit assets
Other investments
Total investments and other assets
Total fixed assets
TOTAL ASSETS-6-

FY2021(As of March 31, 2022)

First Three Months of
FY2022(As of June 30, 2022)

57,1285,408
40,000
5,364
271
5,756
(60)
113,868

61,455
7,061
35,000
4,247
278
5,565
(50)
113,558

560,906(323,206)
237,700
36,022(20,325)
15,696
12,874
3,533(1,591)
1,941
1,467
67,977(57,711)
10,265279,945

561,434(328,366)
233,067
36,011(20,874)
15,137
12,874
3,536(1,709)1,826
1,568
68,072(58,376)
9,695
274,170

31,516
2,872
34,38831,054
2,656
33,711

18,293
12,8771,013
3,491
35,676350,010
463,878

16,984
13,3791,028
3,417
34,810342,691456,250Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)(Millions of yen)

LIABILITIESCurrent liabilities
Accounts payable
Short-term loans payable
Accrued expenses
Income taxes payable
Allowance for employees’ bonuses
Other current liabilities
Total current liabilities
Fixed liabilities
Bonds
Long-term loans payable
Lease obligations
Deferred tax liabilities
Allowance for directors’ retirement benefits
Net defined benefit liabilities
Asset retirement obligations
Other fixed liabilities
Total fixed liabilities
TOTAL LIABILITIESNET ASSETS
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
TOTAL NET ASSETSTOTAL LIABILITIES AND NET ASSETS-7-

FY2021(As of March 31, 2022)

First Three Months of
FY2022(As of June 30, 2022)

1,956
15,626
8,782
483
1,073
8,925
36,8472,760
15,63011,118
646
499
8,097
38,75255,287
184,153
1,596
15,660
68
4,761
620
8,873
271,021
307,869

55,250182,743
1,482
15,380
45
4,818
622
8,561
268,905
307,658

38,12654,16060,843(9)
153,120

38,12654,16058,191(9)150,468

2,526(1,115)
66
(426)
1,050
1,838
156,009463,878

1,482(1,065)94(421)
89(1,965)
148,592456,250Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
IncomeQuarterly Consolidated Statements of Income(Millions of yen)

Operating revenues
Rent revenue
Facility user charges revenue
Other revenues
Sale of merchandise
Sale of food and beverage
Total operating revenues
Cost of sales
Cost of sales of merchandise
Cost of sales of food and beverage
Total cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and wages
Provision for employees’ bonuses
Expenses for retirement benefits
Rent expenses
Outsourcing and commission
Depreciation expenses
Other costs and expenses
Total selling, general and administrative expenses
Operating income / (loss)
Non-operating income
Interest income
Dividends income
Subsidy income
Contributions in aid of construction
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Loss on retirement of fixed assets
Equity in losses of affiliates
Miscellaneous expenses
Total non-operating expenses
Ordinary income / (loss)-8-

First Three Months of
FY2021(from April 1, 2021
to June 30, 2021)

First Three Months of
FY2022(from April 1, 2022
to June 30, 2022)

4,486
1,940
2,741
2,139
684
11,992

5,012
4,720
2,799
5,272
1,565
19,371

1,172
613
1,785
10,206

3,061
999
4,061
15,310

2,489
(169)
194
2,346
2,919
7,902
5,692
21,375(11,168)

2,386
464
215
2,004
2,866
7,220
6,353
21,511(6,201)

3
38
771
276
1,090

8
39
314
131
161
654

642
72
890
27
1,632
(11,711)

778
47
35
28
890
(6,436)

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)(Millions of yen)

Extraordinary gains
National subsidies
Total extraordinary gains
Extraordinary loss
Loss on reduction entry of fixed assets
Total extraordinary loss
Quarterly income / (loss) before income taxes andnon-controlling interests
Income taxes – current
Quarterly income / (loss)
Quarterly net income / (loss) attributable to non-controllinginterests
Quarterly net income / (loss) attributable to owners of theparent-9-First Three Months of
FY2021(from April 1, 2021
to June 30, 2021)

First Three Months of
FY2022(from April 1, 2022
to June 30, 2022)

1,422
1,422

58
58

1,388
1,388

36
36

(11,677)(6,415)(655)(11,021)

118(6,533)(3,892)(3,881)(7,129)(2,651)

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)

Quarterly Consolidated Statements of Comprehensive Income(Millions of yen)

Quarterly income / (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains (losses) on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable to owners of theparentComprehensive income attributable to non-controllinginterests- 10 -First Three Months of
FY2021(from April 1, 2021
to June 30, 2021)(11,021)First Three Months of
FY2022(from April 1, 2022
to June 30, 2022)(6,533)

533
(116)
27
(73)

(1,041)
122
27
8

(0)

(0)

370
(10,651)(883)(7,416)(6,702)(3,613)(3,949)(3,803)

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)(3) Notes on Quarterly Consolidated Financial Statements(Notes on the Premise of a Going Concern)
Not applicable(Notes on a Significant Change in Shareholders’ Equity)
Not applicable(Adoption of Special Accounting Methods for Preparation of Quarterly Consolidated Financial Statements)
Calculation of tax expenses
The effective tax rate on income before taxes for the consolidated fiscal year including the first quarter after theapplication of tax effect accounting is reasonably estimated, and that estimated rate is applied to quarterly
income before taxes to calculate estimated tax expenses. However, in cases where the use of such an estimatedeffective tax rate would result in a significant lack of rationality, the statutory effective tax rate is applied.
(Changes in Accounting Policies)
Adoption of Accounting Standard for Fair Value Measurement
The Company has adopted the “Implementation Guidance on Accounting Standard for Fair Value
Measurement” (ASBJ Guidance No. 31, June 17, 2021, hereinafter referred to as the “Implementation Guidanceon Accounting Standard for Fair Value Measurement”) from the beginning of the first quarter of the fiscal year
ending March 31, 2023. The Company has also decided to adopt the new accounting policy stipulated in the
Implementation Guidance on Accounting Standard for Fair Value Measurement in accordance with thetransitional treatment described in Paragraph 27-2 of the Implementation Guidance on Accounting Standard for
Fair Value Measurement. There is no impact of this change on the consolidated financial statements for the first
three months of the fiscal year ending March 31, 2023.
(Additional Information)
Accounting estimates with respect to the impact of the spread of COVID-19
There have been no material changes made to the assumptions, including the timing when the spread of
COVID-19 will be contained, described in the “Significant Accounting Estimates” section of the Securities
Report for the fiscal year ended March 31, 2022.

- 11 -

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)(Segment Information)
Segment Information
I.

First three months of FY2021 (from April 1, 2021 to June 30, 2021)
1. Sales and income (loss) by reportable segment(Millions of yen)

Reportable segments

Operating revenues
Sales to externalcustomers
Intersegment sales
and transfers
Total
Segment income/(loss)(Notes)Adjustments

Food andBeverage

Quarterly
consolidated
financialstatements Note 2

Facilities
Management

Merchandise
Sales

9,014

2,289

687

11,992-

11,992

389

61

142

592

(592)

-

9,404
(6,776)2,351(1,802)829(921)

12,585(9,499)(592)(1,669)11,992(11,168)

Note 1Total

1. Adjustments to the segment income include ¥1,680 million of administration expenses for administration divisions at parent company’shead office and some of the subsidiaries which are not allocated to each of the reportable segments.
2. Segment income is adjusted with operating income recorded in the Quarterly Consolidated Statements of Income.

2. Information on impairment loss on fixed assets and goodwill, etc., by reportable segment
Not applicable

II. First three months of FY2022 (from April 1, 2022 to June 30, 2022)
1. Sales and income (loss) by reportable segment(Millions of yen)

Reportable segments

Operating revenues
Sales to externalcustomers
Intersegment sales
and transfers
Total
Segment income/(loss)(Notes)Adjustments

Food andBeverage

Quarterly
consolidated
financialstatements Note 2

Facilities
Management

Merchandise
Sales

12,486

5,306

1,578

19,371-

19,371

538

190

231

960

(960)

-

13,025(3,225)

5,497
(836)

1,810
(268)

20,332(4,330)(960)(1,871)

19,371(6,201)

Note 1Total

1. Adjustments to the segment income include ¥1,873 million of administration expenses for administration divisions at parent company’shead office and some of the subsidiaries which are not allocated to each of the reportable segments.
2. Segment income is adjusted with operating income recorded in the Quarterly Consolidated Statements of Income.

2. Information on impairment loss on fixed assets and goodwill, etc., by reportable segment
Not applicable- 12 -