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 Third Quarter of the Fiscal Year Ending March 31, 2023 (FY2022) [J-GAAP](Consolidated)
February 8, 2023
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:
February 10, 2023
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 Nine Months of FY2022 (April 1, 2022 to December 31, 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 Nine
Months ofMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

FY2022
FY2021

76,02742,59078.5-(9,325)(30,892)-(10,329)(33,240)-(2,587)(19,326)-(Note) Comprehensive income/(loss): First nine months of FY2022 ¥-11,724 million (-%) First nine months of FY2021 ¥-30,183 million (-%)

First Nine
Months of

Net income/(loss) per
share
Yen

Diluted net income
per shareYen(27.79)(207.51)-

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

(2) Consolidated Financial Position
Total assets

Net assets per share

Millions of yen

Millions of yen%

Yen

454,528
463,878

144,283
156,009

33.3
33.2

1,625.04
1,655.32

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

Equity capital tototal assets

Net assets

As of December 31, 2022 ¥151,350 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

0.00

-

-

(Note) 1. Revisions to the most recently announced dividends forecast for FY2022: No
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
Millions of yen%

Operatingincome/(loss)
Millions of yen%

Millions of yen

Netincome/(loss)
per share

Net income/(loss)
attributable to ownersof the parent

Ordinary
income/(loss)%

Millions of yen

Full-year
105,900
85.6(14,300)(15,600)(4,600)Note:
1. Revisions to the most recently announced forecast of consolidated financial results for FY2022: No

%

Yen

-

(49.39)* 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 12 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 12 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 December 31, 2022
93,145,400 shares
As of March 31, 2022
2) Number of treasury stock at the period-end:
As of December 31, 2022
8,953 shares
As of March 31, 2022
3) Average number of shares outstanding (quarterly consolidated cumulative period):
Third quarter of FY2022
93,136,607 shares
Third quarter of FY2021

93,145,400 shares
8,737 shares
93,136,724 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 6 of the appendix materials “1.
Qualitative Information on Consolidated Financial Results for the First Nine Months of FY2022 (3) Explanation of Consolidated
Financial Forecasts and Other Forward-looking Statements”.

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Third 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 NINE
MONTHS OF FY2022 (APRIL 1, 2022 TO DECEMBER 31, 2022) ............................................................................... - 2 (1) EXPLANATION OF OPERATING RESULTS ..................................................................................................... - 2 (2) EXPLANATION OF FINANCIAL POSITION ..................................................................................................... - 6 (3) EXPLANATION OF CONSOLIDATED FINANCIAL FORECASTS AND
OTHER FORWARD-LOOKING STATEMENTS ............................................................................................ - 6 2. QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS AND NOTES ...................................................... - 7 (1) QUARTERLY CONSOLIDATED BALANCE SHEETS ......................................................................................... - 7 (2) QUARTERLY CONSOLIDATED STATEMENTS OF INCOME AND QUARTERLY CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME .................................................................................................................... - 9 Quarterly Consolidated Statements of Income ............................................................................................... - 9 Quarterly Consolidated Statements of Comprehensive Income ...................................................................... - 11 (3) NOTES ON QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS ........................................................... - 12 (NOTES ON THE PREMISE OF A GOING CONCERN) .................................................................................... - 12 (NOTES ON A SIGNIFICANT CHANGE IN SHAREHOLDERS’ EQUITY) ........................................................... - 12 (ADOPTION OF SPECIAL ACCOUNTING METHODS FOR PREPARATION OF QUARTERLY CONSOLIDATEDFINANCIAL STATEMENTS) ................................................................................................................... - 12 (CHANGES IN ACCOUNTING POLICIES) ..................................................................................................... - 12 (ADDITIONAL INFORMATION).................................................................................................................... - 12 (SEGMENT INFORMATION) ........................................................................................................................ - 13 --1-

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

1. Qualitative Information on Consolidated Financial Results for the First Nine Months of FY2022(April 1, 2022 to December 31, 2022)(1) Explanation of Operating Results
During the first nine months of the fiscal year ending March 31, 2023, although there are signs of
weakness in some parts, the Japanese economy showed a gradual recovery. Looking ahead, it is expected thatthe recovery trend will continue, resulting from the effects of various policies, while coexisting with the newCoronavirus (“COVID-19”) infection. However, the downturn in overseas economies is becoming downside
risks to the Japanese economy amid the tightening of monetary policy around the globe. It is also necessary
to pay close attention to price increases, restrictions on supply chain networks, volatility in the financial andcapital markets and the impact of the spread of COVID-19 infection in China among other factors.
Under these economic conditions, in the airline industry, flight demand continued to recover with thestart of the nationwide travel support program and a significant easing of entry restrictions. The number ofpassengers at Haneda Airport on domestic flights for the first nine months of FY2022 was just over 70% of
the same period of FY2019, which was before the impact of COVID-19 hit, and approximately 30% of thesame period of FY2019 on international flights. For the third quarter of the current fiscal year, domestic
flights recovered to just over 80% and international flights to approximately 50% 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 new Medium-Term Business Plan that the JAT Group has put together isa backcast by 2025 that reflects our goals for 2030, which is when the government is setting targets including
achieving 60 million foreign visitors to Japan. We are implementing various measures to achieve themanagement goals in the plan. With respect to our efforts related to sustainability, we put together our basic
policy in May 2022 and established the structure to accelerate our sustainability initiatives in July. In
September, we expressed our support to the recommendations made by the Task Force on Climate-related
Financial Disclosure (TCFD) and we are now putting together our Medium-Term Sustainability Plan.
During the third quarter of the current fiscal year, in terms of facilities, we cooperated with the requestfrom the Ministry of Economy, Trade and Industry to save power, by turning off some of the lights andcontrolling air conditioning operation in the terminal buildings. In addition to carrying out renovation workin preparation for major disasters, we are steadily pushing forward investment plans for the future, such ascommencing the construction of connection between the satellite building on the north side of Terminal 2 andthe main terminal building. We are also working toward the realization of a carbon-neutral society by
studying the conversion of airport vehicles to electric vehicles and researching the potential demand forhydrogen fuel.
In addition, we have added a new function to Haneda Airport’s official app “Haneda Airport” that guides
passengers to boarding based on the latest flight information and suggests ways to spend time in the airport
according to the purpose of use. Furthermore, the “Haneda Airport Escort Service”, which was first
introduced for international flights, has also been launched in the domestic terminal to provide services thatmeet a variety of needs.
In terms of sales, in response to the recovery in demand for international flights, we changed theoperating hours of duty-free shops and opened a total of three shops in Terminal 3, including Louis Vuitton
and Dior, both of which were opened for the first time in Japan as a duty-free shop. On domestic flights, we
opened “GOOD NEWS TOKYO”, which offers upcycled products, in Terminal 2, and actively held events
such as the “Haneda Airport Selection”, which features various products including those exclusive to Haneda
Airport, and product and tourism fairs of various regions in Japan, in an effort to capture demand driven by
the recovery in the number of passengers.
Outside of Haneda Airport, we opened the “HOKKAIDO SHOKUHIN KAN” selling foods produced in
Hokkaido at Narita Airport Terminal 1. In addition, we offered products exclusive to Haneda Airport, such as
lunch boxes sold at airports (“soraben”) and frozen in-flight meals at a product exhibition held at Keikyu
Department Store, as we are striving to expand our sales channels. Furthermore, as a sales agency businessthat leverages our installation experience and operational expertise at Haneda Airport, we are increasing the
installation of Radi-Cool, a radiant cooling material, and robots for operations including guiding and cleaning.
We are expanding earnings from new businesses while contributing to solving social issues such as reducing
CO2 emissions and addressing labor shortages.
In June 2022, Haneda Airport’s passenger terminals were awarded first place in the “Best Airports in
Asia” for the second consecutive year by SKYTRAX, and second place globally for the fourth consecutive year
in the “World’s Best Airports”, which comprehensively evaluated various aspects of international airports.
Furthermore, we were awarded 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). In November, we were also awarded the world’s highest standard-2-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Third Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)“5-star Airport” rating for the ninth consecutive year in the SKYTRAX “Global Airport Rating”.
As a result of the above, with respect to the consolidated financial results for the first nine months of the
fiscal year ending March 31, 2023, operating revenues was ¥76,027 million (an increase of 78.5%
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 recovery of passenger volume. As a result of the recovery in revenue
and sustained cost reduction, the degree of loss decreased from the previous fiscal year and operating loss was¥9,325 million (compared to operating loss of ¥30,892 million during the same period of the previous year),ordinary loss was ¥10,329 million (compared to ordinary loss of ¥33,240 million during the same period of theprevious year), and quarterly net loss attributable to owners of the parent was ¥2,587 million (compared toquarterly net loss attributable to owners of the parent of ¥19,326 million during the same period of the previousyear).
(Millions of yen)

Operating Results

First Nine Months of FY2021(ended December 31, 2021)

First Nine Months of FY2022(ended December 31, 2022)

Year-on-Year(%)

42,59029,847
9,971
2,771(30,892)(33,240)

76,02744,37525,821
5,829(9,325)(10,329)

78.5
48.7
159.0
110.3
-

(19,326)(2,587)-

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

Currently, passenger volume at Haneda Airport continues to show a recovery trend. For domestic flights,
as the nationwide travel support program continues beyond January, it is expected that the program will
support the demand for tourism travel. For international flights, it will take time for the number of visitorsfrom China to recover since the border control measures have been strengthened against entry from mainland
China while Chinese tourists were the largest group of foreign visitors before COVID-19. However, there has
been rapid recovery in visitors from other foreign countries, especially those from Asia and the United States.
In January of this year, we concluded a memorandum of understanding for business cooperation with the
Hawaii Department of Transportation, which manages and operates the Daniel K. Inouye International
Airport in Hawaii, one of the most attractive destinations for Japanese travelers. We will contribute to thedevelopment of airline business in Hawaii and Japan by exchanging expertise and ideas on airport operations
and providing high-quality services.
The JAT Group will continue to apply the lessons learned from the COVID-19 pandemic to its terminal
operations, while capturing the recovering passenger demand and pave the way for renewed growth. And wewill 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 the Haneda Airport Passenger Terminal as well as byensuring the safe and smooth entry, exit, and transportation of all customers.

-3-

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

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

Operating Results

First Nine Months of FY2021(ended December 31, 2021)

First Nine Months of FY2022(ended December 31, 2022)

Year-on-Year(%)

29,847
13,787
7,729
8,330
1,454
31,302(18,805)

44,375
14,963
19,6129,800
1,697
46,073(3,200)

48.7
8.5
153.7
17.6
16.7
47.2
-

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

Rent revenue increased from the same period of the previous year primarily due to the decrease in rent
reductions and exemptions offered to tenants and 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 ¥46,073 million (an increase of
47.2% year-on-year). Operating loss for the segment improved to ¥3,200 million (compared to operating lossof ¥18,805 million during the same period of the previous year).
[Merchandise Sales](Millions of yen)

Operating Results

First Nine Months of FY2021(ended December 31, 2021)

First Nine Months of FY2022(ended December 31, 2022)

Year-on-Year
(%)

9,971
3,837

25,821
7,554

159.0
96.9

3,267

11,524

252.7

2,866
578
10,549(4,457)

6,743
654
26,475
623

135.3
13.0
151.0
-

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 ¥26,475 million (an increase of
151.0% year-on-year) and operating income for the segment was ¥623 million (compared to operating loss of¥4,457 million during the same period of the previous year).

-4-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Third Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)[Food and Beverage](Millions of yen)

Operating Results

First Nine Months of FY2021(ended December 31, 2021)

First Nine Months of FY2022(ended December 31, 2022)

Year-on-Year
(%)

2,771

5,829

110.3

2,002

3,992

99.4

522
246
594
3,365
(2,365)

1,479
357
697
6,527
(1,103)

183.0
45.0
17.3
93.9
-

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 ¥6,527 million (an increase of
93.9% year-on-year) and operating loss for the segment was ¥1,103 million (compared to operating loss of¥2,365 million during the same period of the previous year).

-5-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Third Quarter of the Fiscal Year Ending March 31, 2023 (FY2022)(2) Explanation of Financial Position[Assets]
Current assets increased by ¥3,895 million from the previous fiscal year end to ¥117,763 million primarily
due to the increase in accounts receivable related to passenger service facility charge among other items driven
by the recovery in passenger volume. Fixed assets decreased by ¥13,245 million from the previous fiscal year
end to ¥336,764 million primarily due to depreciation.
As a result, total assets decreased by ¥9,350 million from the previous fiscal year end to ¥454,528 million.
[Liabilities]
Total liabilities increased by ¥2,375 million from the previous fiscal year end to ¥310,245 million
primarily due to the increase in accounts payable driven by the increase in purchases of goods and increase inaccrued expenses due to the recording of government-owned property user charges despite the decrease oflong-term loans payable due to scheduled payment.
[Net Assets]
Total net assets decreased by ¥11,726 million from the previous fiscal year end to ¥144,283 million
primarily due to the decrease in retained earnings and non-controlling interests by quarterly net loss.
As a result, the equity ratio was 33.3% (compared to 33.2% at the previous fiscal year end).
(3) Explanation of Consolidated Financial Forecasts and Other Forward-looking Statements
During the first nine months of the fiscal year ending March 31, 2023, the number of passengers at
Haneda Airport for domestic flights was generally in line with the forecast and the number of passengers forinternational flights exceeded the forecast. As a result, for the consolidated financial results, operating
revenues and income/loss exceeded the forecast.
For the full year, international passenger volume continues to recover, but the outlook of airline demandremains uncertain due to the impact of COVID-19 infection trends in Japan and overseas and the situation in
Russia and Ukraine. Therefore, we decided not to revise the consolidated financial forecasts for full year of the
fiscal year ending March 31, 2023, which we announced on November 9, 2022 and will closely monitor future
trends.

-6-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Third 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-7-

FY2021(As of March 31, 2022)

First Nine Months of
FY2022(As of December 31,
2022)

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

63,61013,86630,000
4,511
347
5,468
(41)
117,763

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

561,876(338,501)
223,374
34,904(20,810)
14,093
12,876
3,565(1,935)
1,630
8,470
68,227(59,550)
8,677
269,123

31,516
2,872
34,38830,132
2,218
32,35018,293
12,8771,013
3,491
35,676350,010
463,878

17,497
13,3201,061
3,410
35,290336,764454,528

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Third 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-8-

FY2021(As of March 31, 2022)

First Nine Months of
FY2022(As of December 31,
2022)

1,956
15,626
8,782
483
1,073
8,925
36,847

7,007
15,68815,521
2,952
550
8,412
50,13255,287
184,153
1,596
15,660
68
4,761
620
8,873
271,021
307,869

55,176
175,700
1,282
14,862
53
5,019
626
7,390
260,112310,245

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

38,12654,16058,255(10)
150,531

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

1,792
(725)
164
(412)
819
(7,067)
144,283
454,528

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Third 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
Equity in earnings of affiliates
Subsidy income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Loss on retirement of fixed assets
Equity in losses of affiliates
Commission fee
Miscellaneous expenses
Total non-operating expenses
Ordinary income / (loss)-9-First Nine Months of
FY2021(from April 1, 2021
to December 31, 2021)

First Nine Months of
FY2022(from April 1, 2022
to December 31, 2022)

13,787
7,730
8,367
9,950
2,753
42,59014,946
19,613
10,01525,673
5,778
76,027

5,642
2,178
7,820
34,76914,366
3,551
17,918
58,109

7,894
93
698
6,633
8,758
23,802
17,782
65,662(30,892)

8,144
589
619
6,242
9,782
21,667
20,38767,434(9,325)

18
61
1,725
1,184
2,988

16
62
41
640
779
1,540

1,994
191
1,619
1,483
47
5,336
(33,240)

2,287
151
76
30
2,545
(10,329)

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

Extraordinary gains
Gain on sales of investment securities
Government subsidies
Total extraordinary gains
Extraordinary loss
Loss on valuation of investment securities
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- 10 -First Nine Months of
FY2021(from April 1, 2021
to December 31, 2021)

First Nine Months of
FY2022(from April 1, 2022
to December 31, 2022)

1,422
1,422

9
58
68

64
1,388
1,452

36
36

(33,270)(10,298)(1,688)(31,581)

1,771(12,069)(12,254)(9,481)(19,326)(2,587)

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Third 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- 11 -First Nine Months of
FY2021(from April 1, 2021
to December 31, 2021)(31,581)First Nine Months of
FY2022(from April 1, 2022
to December 31, 2022)(12,069)

683
669
33
12

(730)
953
97
25

(1)

(1)

1,398
(30,183)345(11,724)(18,261)(2,819)(11,921)(8,905)

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Third 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 third quarter
after the application of tax effect accounting is reasonably estimated, and that estimated rate is applied toquarterly income before taxes to calculate estimated tax expenses. However, in cases where the use of such an
estimated effective tax rate would result in a significant lack of rationality, the statutory effective tax rate isapplied.
(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 firstnine 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.

- 12 -

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

First nine months of FY2021 (from April 1, 2021 to December 31, 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

29,847

9,971

2,771

42,590-42,590

1,454

578

594

2,627

(2,627)-31,302(18,805)

10,549(4,457)3,365(2,365)45,217(25,628)(2,627)(5,264)

42,590(30,892)

Total

Note 1

1. Adjustments to the segment income include ¥5,267 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 nine months of FY2022 (from April 1, 2022 to December 31, 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

44,37525,821

5,829

76,027-76,027

1,697

654

697

3,048

(3,048)-46,073(3,200)26,475623

6,527(1,103)79,076(3,680)(3,048)(5,644)76,027(9,325)

Total

Note 1

1. Adjustments to the segment income include ¥5,656 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- 13 -