Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2011 (FY2010) [J-GAAP](Consolidated)
August 4, 2010
This document has been translated from the Japanese original, for reference purposes only. In the event of any discrepancy between thistranslated document and the Japanese original, the original shall prevail.

Listed company name:
Japan Airport Terminal Co., Ltd.
Listing exchange: Tokyo, 1st Section
Code number:
9706
URL: http://www.tokyo-airport-bldg.co.jp/
Representative:
Isao Takashiro, President
Contact:
Shokichi Ishiguro, Senior Managing Director TEL: 03-5757-8030
Scheduled date of securities report submission:
August 13, 2010—
Scheduled date of dividend payment commencement:
Preparation of quarterly earnings presentation material (yes/no): No
No
Holding of quarterly earnings announcement (yes/no):(Figures shown are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the First Three Months of FY2010 (April 1, 2010 to June 30, 2010)(1) Consolidated Business Results (Cumulative)(Percentage figures indicate the rates of changes from the same period in the previous fiscal year.)First Three Months of
FY2010Operating revenues

Operating income

Millions of yen%

Millions of yen%

30,843

9.1

2,043

598.6

28,276(15.3)

292(83.9)

FY2009Net income per share

Ordinary income
Millions of yen

Net income%

Millions of yen

%

2,078

606.2

714

525.0

294

(85.5)

114(89.9)

Diluted net income per shareFirst Three Months of
FY20108.89—

FY2009

1.14

—

Yen

Yen

(2) Consolidated Financial Position
Total assets

Equity ratio

Net assets per share

Millions of yen%

Yen

186,342

102,47954.0

1,251.60

As of June 30, 2010
As of March 31, 2010
Reference: Equity capital

Net assets

Millions of yen

186,384
103,331
54.4
As of June 30, 2010: ¥ 100,612 million
As of March 31, 2010: ¥101,403 million

1,261.44

2. Dividends
Annual dividends
Secondquarter-end

First quarter-end
Yen

FY2009—FY2010—Third quarter-end
Yen

Year-End

Yen

6.50

—

FY2010 (forecast)
6.50—
Note: Revisions to the above forecast of dividends results in the current period under review: None

Annual
Yen

Yen

6.50

13.00

6.50

13.00

3. Forecast of Consolidated Financial Results for the FY2010 (April 1, 2010 to March 31, 2011)(Full year percentage figures indicate the rates of changes from the previous fiscal year, and first half figures indicate the rates of changes
from the same period of the previous year.)

Operating revenues%

63,100

4.8

Millions of yen

Ordinary income

%

Yen

12.44

Full-year
133,400
10.2
4,200(17.8)
3,000(39.9)
1,300(49.7)
Note: Revisions to the above forecast of consolidated financial results in the current period under review: None

16.17

2,400

%

2.4

Millions of yen

Net income pershare

Net income(22.7)First half

Millions of yen

Operating income

2,100

%

(8.6)

Millions of yen

1,000

4. Other Information (For details, please refer to “2. Other Information” on page 4.)(1) Changes in Significant subsidiaries during the period under review: None
Note: This refers to changes in specific subsidiaries involving changes in scope of consolidation during the period under review.

(2) Adoption of simplified accounting methods and specific methods: Yes
Note: This refers to adoption of simplified accounting methods and specific methods for preparation of the quarterly consolidated
financial statements.

(3) Changes in accounting principles, procedures, and the display methods
1) Changes due to revisions of accounting standards, etc.: Yes
2) Changes in matters other than 1) above: None
Note: This refers to changes in accounting principles, procedures, and the display methods associated with preparation of thequarterly consolidated financial statements (matters to be included in the section, “Change in Basic Conditions to Prepare theQuarterly Consolidated Financial Statements”)(4) Number of shares outstanding (common stock)1) Number of shares outstanding as of theperiod-end (including treasury stock)2) Number of treasury stock as of theperiod-end
3) Average number of shares outstanding(quarterly consolidated cumulative
period)As of June 30, 2010:

84,476,500 shares As of March 31, 2010:

84,476,500 shares

As of June 30, 2010:

4,089,489 shares As of March 31, 2010:

4,089,416 sharesFirst three months of 80,387,031 shares First three months of
FY2010:FY2009:100,451,135 shares* Implementation status of quarterly review procedures
The quarterly review procedure based on the Financial Instruments and Exchange Act does not apply to this Financial
Report, and the quarterly review procedure based on the Financial Instruments and Exchange Act had not been
completed as of the release of this Financial Report.
* Statements regarding the proper use of financial forecast and other special remarks
1. The forecast was made based on information available at the time the material was released, and actual earnings may
differ from the forecast for various reasons.
2. For matters related to financial forecast mentioned above, please refer to “(3) Qualitative Information on Forecast ofConsolidated Financial Results” on page 4 under the “1. Qualitative Information on Consolidated Financial Results for
the First Three Months of FY2010 (April 1, 2010 to June 30, 2010)” section.

2

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010){ Contents of the Appendix Materials
1. Qualitative Information on Consolidated Financial Results for the First Three Months of FY2010 (April 1, 2010 toJune 30, 2010) ............................................................................................................................................................. - 2 (1) Qualitative Information on Consolidated Business Results................................................................................... - 2 (2) Qualitative Information on Consolidated Financial Position................................................................................. - 3 (3) Qualitative Information on Forecast of Consolidated Financial Results ............................................................... - 4 2. Other Information........................................................................................................................................................ - 4 (1) Overview of the Changes in Significant Subsidiaries ........................................................................................... - 4 (2) Overview of Simplified Accounting Methods and Specific Methods ................................................................... - 4 (3) Overview of the Changes in Accounting Principles, Procedures, and the Display Methods................................. - 4 (4) Overview of the Significant Matter Regarding the Premise of a Going Concern ................................................. - 5 3. Quarterly Consolidated Financial Statements.............................................................................................................. - 6 (1) Quarterly Consolidated Balance Sheets................................................................................................................. - 6 (2) Quarterly Consolidated Statements of Income ...................................................................................................... - 8 (3) Quarterly Consolidated Statements of Cash Flows ............................................................................................... - 9 (4) Notes to the Premise of a Going Concern ........................................................................................................... - 11 (5) Segment Information ........................................................................................................................................... - 11 (6) Notes to a Significant Change in Shareholders’ Equity ....................................................................................... - 12 --1-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)

1. Qualitative Information on Consolidated Financial Results for the First Three Months of FY2010 (April 1, 2010
to June 30, 2010)(1) Qualitative Information on Consolidated Business Results
During the first quarter of the fiscal year ending March 31, 2011, the Japanese economic conditions have steadily
recovered as corporate earnings improved and personal consumption picked up, helped by factors like emergency
stimulus measures and other policy impacts. Nevertheless, the future outlook remains highly unpredictable. This ispartly due to the risk of another economic downturn, which has been posed by financial and capital market
fluctuations due to financial problems in European countries, adding to a persistent concern over worsening
employment conditions.
In addition to such mild economic recovery, the airline industry saw a significant rebound from the negative effectsof the H1N1 influenza outbreak. Consequently, the passenger volumes on both domestic and international flights haveincreased compared with the same period of the previous year. The number of international passengers at the Tokyo
International Airport (Haneda), in particular, saw a sharp increase, driven by the launch of international charter flights
between Haneda Airport and Beijing Capital International Airport in October 2009, along with the positive effect of
the Expo 2010 Shanghai China.
Under these conditions, the Japan Airport Terminal (JAT) Group has continued to focus all its energy on
implementing stricter safety measures at passenger terminal buildings, thoroughly adopted a customer-first philosophy
and strove to further improve services. We also aggressively worked on improving efficiency in managing thepassenger terminal buildings, activating business operations, promoting management rationalization, in order to foster
our business growth and strengthen the management base.
The JAT Group strives to increase its corporate value under the medium-term business plan, which was announced
in May of this year and extended to FY2012. Our efforts include initiatives toward new business developments for the
opening of the new international passenger terminal building, as well as the expansion work for Terminal 2, in order toprepare for further capacity expansion and internationalization of the Haneda Airport scheduled in October 2010.
During the first three months under review, the Group’s revenue has increased compared with the same period of
the previous year. This was mainly due to increases in merchandise sales for shops and facility user charges revenue
for the terminal buildings, along with the recovery of passenger volumes on domestic and international flights.
As a result, consolidated operating revenues for the current three months rose 9.1% compared with the same periodof the previous year to ¥30,843 million. Operating income rose 598.6% to ¥2,043 million, and ordinary income
increased 606.2% to ¥2,078 million. Net income increased by 525.0% compared with the same period of the previous
year to ¥714 million, due to the application of the accounting standard for asset retirement obligations.
The following is a breakdown of earnings by segment. It should be noted that figures for operating income (loss)
are equivalent to those of segment income (loss).
[Facilities Management]
Rent revenue from the domestic terminals at Tokyo International Airport (Haneda) declined compared with the same
period of the previous year, due mainly to a decrease in office lease for airline companies.
Facility user charges revenue, on the other hand, increased as the international passenger volume rose with thelaunch of international charter flights between Haneda and Beijing in October 2009.
Other revenues rose, as well, as the number of vehicles using parking facilities increased thanks to the higher
passenger volumes on domestic and international flights.
As a result, operating revenues from the facilities management operations increased 3.1% compared with the same
period of the previous year to ¥9,929 million. Operating income increased 333.9% to ¥1,611 million, due to decreases
in depreciation expenses and repair expenses for the international terminal buildings at the Tokyo International Airport(Haneda).
[Merchandise Sales]
Sales from shops in the domestic terminals increased compared with the same period of the previous year. This was
mainly due to introductions of new brands of products in the “Haneda Star Sweets” which features carefully selected
sweets, and redoubled efforts to promote event-related sales activities featuring seasonal products, in addition to theimpact of higher passenger volume on domestic flights.
Meanwhile, sales from shops in the international terminal greatly exceeded the level of the same period of theprevious year, on the strength of factors like the significant increase in international passenger volume and sales
promotions focused on foreign visitors.
Other sales also achieved better results compared with the same period of the previous year, due to the significant
recovery in the international passenger volume contributing to higher wholesales, despite the termination of some-2-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)

trustee agreements regarding shop operation.
As a result, operating revenues from merchandise sales operations increased 13.3% compared with the previous first
three months to ¥18,219 million and operating income rose 50.2% to ¥1,624 million.
[Food and Beverage]
Sales from restaurants increased compared with the same period of the previous year, because of the increasing
number of passengers and higher revenues from new franchise shops in the domestic terminals at Tokyo International
Airport (Haneda).
Sales from in-flight meals rose resulting from the aggressive sales activities including acquisition of new airlines.
As a result, operating revenues from food and beverage operations rose 2.6% compared with the same period of theprevious year to ¥3,834 million. Operating income remained in the red, at ¥132 million (compared to an operating lossof ¥207 million for the first quarter of the previous year) as increases in repair expenses, outsourcing fees, and others
costs had outweighed efforts to cut personnel, utility, and other expenses.
(2) Qualitative Information on Consolidated Financial Position[Status of assets, liabilities and net assets]
Total assets decreased by ¥42 million compared with the previous fiscal year-end to ¥186,342 million due to decreases
in tangible fixed assets as a result of depreciation and investment securities, in spite of an increase in cash and time
deposits.
Total liabilities increased by ¥809 million compared with the previous fiscal year-end to ¥83,862 million because of
an increase in asset retirement obligations.
Net assets decreased by ¥851 million compared with the previous fiscal year-end to ¥102,479 million because of anincrease of deferred losses on hedges.
Accordingly, the equity ratio was 54.0%.
[Status of Cash flows]
Cash and cash equivalents (hereinafter referred to as “cash”) at the end of the first three months of the current fiscal
year increased by ¥2,756 million compared to the end of the previous fiscal year, to ¥19,409 million.
The following is a summary of various cash flows and the factors behind the flows for the period under review.
[Cash flows from operating activities]
Net cash provided by operating activities rose ¥4,172 million, or 489.8% from the same period of the previous fiscal
year to ¥5,024 million.
This was mainly attributable to increases in quarterly income before income taxes and other current liabilities,
although there was a decrease in accounts receivable.
[Cash flows from investing activities]
Net cash used in investing activities were ¥1,140 million. (Net cash provided by investing activities during the same
period of the previous fiscal year were ¥80 million.)
This was mainly due to a decrease in purchase of tangible fixed assets as well as the payments for purchase of
marketable securities.
[Cash flows from financing activities]
Net cash used in financing activities increased by ¥28 million, or 2.6% from the same period of the previous fiscal
year to ¥1,128 million.
This was mainly due to an increase in repayment of long-term loans payable, although there was a decrease individends payment.

-3-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)(3) Qualitative Information on Forecast of Consolidated Financial Results
With a mild economic recovery under way, the JAT Group has achieved higher passenger volumes as well as operating
revenues for the first quarter under review, both of which exceeded expectations.
Likewise, we posted better-than-expected results in operating income and ordinary income. Quarterly net income,however, failed to reach the expected level resulting from the application of the accounting standard for asset
retirement obligations.
Looking ahead, although the recovery in passenger volume is expected to continue, the future outlook will remain
uncertain with the persisting risk of another economic downturn. Given these conditions, the JAT Group will continue
to make its utmost effort proactively achieving better results, by timely responding to various changes in its businessenvironment.
With respect to the forecast of consolidated financial results announced on May 12, 2010, we have determined tokeep them unchanged.

2. Other Information(1) Overview of the Changes in Significant Subsidiaries
There is nothing to report.
(2) Overview of Simplified Accounting Methods and Specific Methods
1) Method for Calculating an Estimated Allowance for Ordinary Bad Debts
Since it is deemed that there was no significant change between the loan loss ratio, etc. as of the end of the firstquarter under review and those calculated as of the end of the previous fiscal year, the latter was used in estimating
an allowance for doubtful accounts.
2) Method used to value inventories
Inventories at the end of the third quarter of the current fiscal year are calculated using a reasonable method based on
the physical inventory amount at the end of the second quarter of the current fiscal year, in lieu of performing
physical inventory count.
In addition, the carrying amount of inventories is reduced to estimated net selling value only where there is an
obvious decrease in profitability.
3) Method of calculating depreciation of fixed assets
For assets depreciated using the declining-balance method, depreciation expenses applicable to the current fiscal year
are calculated on a pro-rata basis.
4) Calculation of tax expenses
Tax expenses are calculated by making a reasonable estimation of the effective tax rate on income before taxes forthe current fiscal year including the third quarter after the application of deferred tax accounting and applying theestimated effective tax rate to quarterly income before taxes.
In addition, income taxes-deferred are included in the item of income taxes.
(3) Overview of the Changes in Accounting Principles, Procedures, and the Display Methods
1) Application of the “Accounting Standard for Equity Method of Accounting for Investments” and the “Practical
Solution on Unification of Accounting Policies Applied to Associates Accounted for Using the Equity Method”
Effective from the current first quarter, the “Accounting Standard for Equity Method of Accounting for Investments”(Accounting Standards Board of Japan [ASBJ] Statement No. 16 announced on March 10, 2008), and the “Practical
Solution on Unification of Accounting Policies Applied to Associates Accounted for Using the Equity Method”(PITF No.24 issued on March 10, 2008) have been adopted.
This application had no impact on the consolidated financial statements.
2) Application of the “Accounting Standard for Asset Retirement Obligations”
Effective from the current first quarter, the “Accounting Standard for Asset Retirement Obligations” (ASBJ
Statement No.18 announced on March 31, 2008) and the “Guidance on Accounting Standard for Asset Retirement-4-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)

Obligations” (ASBJ Guidance No.21issued on March 31, 2008) have been adopted.
As a result of the application, operating income and ordinary income decreased by ¥8 million each, quarterly
income before income taxes by ¥774 million. In addition, ¥685 million was posted as changes in the asset retirement
obligation.
(4) Overview of the Significant Matter Regarding the Premise of a Going Concern
There is nothing to report.

-5-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)First Three Months of
FY2010(As of June 30, 2010)

FY2009(As of March 31, 2010)ASSETS
Current assets
Cash and time deposits

19,711

16,798

Accounts receivable

5,591

5,592

Marketable securities

549

549

Merchandise and finished products

3,247

3,221

Raw materials and stored goods

116

104

Deferred tax assets

1,020

952

Other current assets

1,696

1,423

(47)

(39)

31,88628,602

244,550

244,502

Accumulated depreciation and impairment loss

(144,303)(141,862)

Buildings and structures, net

100,246

102,640

Machines, devices and vehicles

10,717

10,710

Accumulated depreciation and impairment loss

(9,268)(9,168)

Machines, devices and vehicles, net

1,449

1,542

Land

10,575

10,575Construction in progress

15,721

15,314

Other fixed assets

21,04920,895(17,324)(17,039)

Other fixed assets, net

3,725

3,855

Total tangible fixed assets

131,718

133,927

1,079

1,045

Investment securities

6,613

7,630

Deferred tax assets

9,164

9,145

Other investments

5,879

6,033

Total investments and other assets

21,65722,809Total fixed assets

154,455

157,781TOTAL ASSETS

186,342

186,384

Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures

Accumulated depreciation and impairment loss

Intangible fixed assets
Investments and other assets-6-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)(Millions of yen)First Three Months of
FY2010(As of June 30, 2010)

FY2009(As of March 31, 2010)

LIABILITIESCurrent liabilities
Accounts payable-trade

4,355

4,578

Short-term loans payable

12,566

12,567

Income taxes payable

674

608

Allowance for employees’ bonuses

476

903

Allowance for directors’ bonuses

30

113

Asset retirement obligations

613—

Other current liabilities

9,037

7,714

Total current liabilities

27,75526,486Long-term loans payable

44,67045,234

Allowance for employees’ retirement benefits

5,001

4,940

75

—

Other fixed liabilities

6,360

6,393

Total fixed liabilities

56,10756,567TOTAL LIABILITIES

83,862

83,053

Common stock

17,48917,489

Capital surplus

21,30921,309Retained earnings

67,07066,878Treasury stock(4,081)(4,081)

Total shareholders’ equity

101,788

101,596

Fixed liabilities

Asset retirement obligations

NET ASSETS
Shareholders’ equity

Unrealized gains and adjustments
Unrealized gains on other securities

888

973

Deferred gains (losses) on hedges(2,064)(1,166)

Total unrealized gains and adjustments(1,176)(193)

Minority interests

1,867

1,927

TOTAL NET ASSETS

102,479

103,331

TOTAL LIABILITIES AND NET ASSETS

186,342

186,384-7-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)(2) Quarterly Consolidated Statements of Income(Millions of yen)First Three Months of
FY2009(from April 1, 2009
to June 30, 2009)
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
Provision for directors’ bonuses
Expenses for retirement benefits
Provision for directors’ retirement benefits
Rent expenses
Outsourcing and commission
Depreciation expenses
Other costs and expenses
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Miscellaneous revenue
Total non-operating income
Non-operating expenses
Interest expenses
Investment loss on equity method
Miscellaneous expenses
Total non-operating expenses
Ordinary income
Extraordinary loss
Loss on valuation of investment securities
Loss on adjustment for changes of accounting standard for
asset retirement obligations
Total extraordinary loss
Quarterly income before income taxes
Income taxes-current
Quarterly income before minority income
Minority interests in income (loss)
Quarterly net income-8-First Three Months of
FY2010(from April 1, 2010
to June 30, 2010)

3,531
3,703
1,949
15,8503,241
28,276

3,512
3,973
1,990
18,041
3,326
30,843

11,586
1,762
13,34914,927

13,1962,110
15,306
15,536

1,765
479
36
215
67
1,858
1,889
3,364
4,959
14,634
292

1,720
444
30
213
—
1,784
1,858
2,867
4,575
13,493
2,043

8
54
250
312

21
39
263
324

182
34
93
310
294

252
4
32
289
2,078

—

8

—

765

—
294
214
—
(34)
114

774
1,304
621
682
(32)
714

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)(3) Quarterly Consolidated Statements of Cash Flows(Millions of yen)First Three Months of
FY2009(from April 1, 2009
to June 30, 2009)
Cash flows from operating activities
Quarterly income before income taxes
Depreciation and amortization
Loss on adjustment for changes of accounting standard for
asset retirement obligations
Increase (decrease) in allowance for employees’ retirement
benefits
Increase (decrease) in allowance for directors’ retirement
benefits
Increase (decrease) in allowance for employees’ bonuses
Increase (decrease) in allowance for directors’ bonuses
Interest and dividends income
Interest expenses
Investment loss (gain) on equity method
Loss (gain) on sales of investment securities
Loss (gain) on sales of tangible fixed assets
Loss on retirement of tangible fixed assets
Decrease (increase) in accounts receivable
Decrease (increase) in inventories
Decrease (increase) in other current assets
Increase (decrease) in accounts payable
Increase (decrease) in other current liabilities
Increase (decrease) in other fixed liabilities
OthersSubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Net cash provided by operating activities-9-First Three Months of
FY2010(from April 1, 2010
to June 30, 2010)

294
3,369

1,304
2,904

—

765

(197)

61

(1,383)

—

(368)
(133)
(62)
182
34
0
(0)
5
839
(80)
60
(686)
45
864
(77)
2,707
62
(31)
(1,887)
851

(426)
(83)
(60)
252
4
—
—
0
1
(37)
(219)
(223)
1,554
28
(45)
5,779
54
(201)
(607)
5,024

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)(Millions of yen)

Cash flows from investing activities
Placement of time deposits
Proceeds from withdrawal of time deposits
Purchase of marketable securities
Proceeds from sales of marketable securities
Purchase of investment securities
Proceeds from sales of investment securities
Purchase of treasury stock of subsidiaries
Purchase of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchase of intangible fixed assets
Purchase of long-term prepaid expenses
Payments of long-term loans receivableCollection of long-term loans receivable
Other payments
Other proceeds
Net cash provided by (used in) investing activities
Cash flows from financing activities
Proceeds from long-term loans payable
Repayment of long-term loans payable
Dividends payment by parent company
Dividends paid to minority shareholders
OthersNet cash used in financing activities
Effect of exchange rate change on cash and cash equivalents
Increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of term
Cash and cash equivalents at end of term

- 10 -First Three Months of
FY2009(from April 1, 2009
to June 30, 2009)First Three Months of
FY2010(from April 1, 2010
to June 30, 2010)

(6)
—
—
1,898
(3)
0
(18)
(1,707)
0
(98)
(0)
(2)
6
(3)
16
80

(6)
50
(299)
100
(1)
—
—
(890)
—
(101)
(0)
—
7
(9)
12
(1,140)

—
(418)
(652)
(29)
(0)
(1,100)0(167)
15,693
15,5251,800(2,364)
(522)
(28)
(13)
(1,128)02,756
16,653
19,409Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)(4) Notes to the Premise of a Going Concern
There is nothing to report.
(5) Segment Information
a. Business Segment Information
First three months of FY2009 (from April 1, 2009 to June 30, 2009)(Millions of yen)

Eliminations/Corporate

Consolidated

28,276—28,276495

1,177(1,177)—

16,083

3,737

29,453(1,177)28,276

1,081

(207)

1,246

(953)

292

Facilities
Management

Merchandise
Sales

Food andBeverage

9,118

15,916

3,241

513

167

Total

9,632

Operating income (loss)

371

Classification

Total

Operating revenues(1) Sales to externalcustomers(2) Intersegment sales
and transfers

b. Segment Information
1. Overview of the Reportable Segments
For the Company’s reportable segments, among other organizational units, financial information can be gathered
independently. These business segments are regularly reviewed by the Board of Directors in order to make decisions
on management resource allocations as well as evaluations of business performance.
The Company is primarily engaged in the management of passenger terminal buildings and the provision ofservices to users at Tokyo International Airport (Haneda). Business divisions at the Company’s headquarters develop
comprehensive business strategies and pursue business activities.
The Company is, therefore, composed of business segments with different services based on the business divisions.
Its three reportable segments are the facilities management operations, merchandise sales operations, and food andbeverage operations.
The segment of facilities management operations leases, maintains and repairs, and operates passenger terminal
facilities at Tokyo International Airport (Haneda). It also provides services for passengers. The segment ofmerchandise sales operations is engaged in retail sales of products to passengers and others, wholesales of products
to companies operating airport terminals and others, and other activities incidental to these two sales operations. The
segment of food and beverage operations provides food and beverage services to parties including users of Tokyo
international Airport (Haneda) and Narita International Airport. It is also engaged in the production and sales of
in-flight meals and other incidental activities.
2. Sales and Income (Loss) by Reportable Segments
First three months of FY2010 (from April 1, 2010 to June 30, 2010)(Millions of yen)

Reportable segments
Adjustments
Note 1

Carrying
amount onquarterly
consolidated
statements ofincome Note 2

Facilities
Management

Merchandise
Sales

Food andBeverage

9,426

18,0903,326

30,843—30,843

502

129

508

1,140

(1,140)

—

Total

9,929

18,2193,834

31,983(1,140)30,843

Segment income (loss)

1,611

1,624

(132)

3,103

(1,059)

2,043

Total

Operating revenues
Sales to externalcustomers
Intersegment sales andtransfers- 11 -

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Three Months of the Fiscal Year Ending March 31, 2011 (FY2010)

Notes: 1. Adjustments to the segment income include ¥1,060 million of administration expenses for the parent company’s
administration divisions, etc. which are not allocated to each of the reportable segments.
2. Segment income is adjusted for operating income described in Quarterly Consolidated Statements of Income.

3. Impairment of Fixed Assets and Goodwill, by Reportable Segments
There is nothing to report.
(Additional information)
Effective from the current first quarter, the Company adapted “Accounting Standard for Disclosures about Segmentsof an Enterprise and Related Information” (ASBJ Statement No. 17 issued on March 27, 2009) and “Guidance on
Accounting Standard for Disclosures about Segments of an Enterprise and Related Information” (ASBJ Guidance No.
20 issued on March 21, 2008).
(6) Notes to a Significant Change in Shareholders’ Equity
There is nothing to report.

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