Earnings Explanatory Meeting

April 1, 2010 to March 31, 2011

Reference Material
1.

Overview and characteristics of Japan Air Terminal’s Business

2.

Efforts related to the Tokyo International Airport Re-expansion Project3.

Changes in passenger volume on domestic and international flights* 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.

Japan Airport Terminal Co., Ltd.
http://www.tokyo-airport-bldg.co.jp/

JAPAN AIR TERMINAL

1. Overview and characteristics of Japan Air Terminal’s Business(1) Position of the Company at airports
AirportResponsible
partyManagement
party
Airport facilities(basicfacilities)
Runways
Taxiway
Apron

Narita Airport(Narita International
Airport)Kansai Airport(Kansai International
Airport)Central Japan Airport(Central Japan International
Airport)National government(Minister of Land, Infrastructure,
Transport and Tourism)

Narita International Airport
Corporation

Kansai International Airport
Co., Ltd.

Central Japan International
Airport Co., Ltd.

National government(Minister of Land,
Infrastructure,
Transport and Tourism)

National government(Minister of Land, Infrastructure,
Transport and Tourism)

Narita International Airport
Corporation

Kansai International Airport
Co., Ltd.

Central Japan International
Airport Co., Ltd.

National government(Minister of Land,
Infrastructure,
Transport and Tourism)

National government(Minister of Land, Infrastructure, Transport and Tourism)

Control facilities

Domestic: The Company
Narita International Airport
Terminal building International: Tokyo International Air
Corporation
Terminal Corporation (TIAT)
Shareholder
composition

Itami Airport(Osaka International
Airport)Haneda Airport(Tokyo International Airport)

Private corporations, etc.:100%

National government:

Kansai International Airport
Co., Ltd.

Central Japan International
Airport Co., Ltd.

Osaka International Airport
Terminal Co., Ltd.

National government:
66% Private corporations, etc.: 50%
Local
50%
Source: Createdon government:
the Suji De Miru Koku
2010
(Air governments:
travel 2010 in Figures)and100% Local governments:
22% based
National
40%
Privatecorporations, etc.: 50%
reports
and the websites of 10%
the various
companies
Private corporations, etc.:securities
12% Local
governments:
Source: Created based on the Suji De Miru Koku 2010 (Air travel 2010 in Figures) and(Reference) Basic position of terminal building company
securities reports and the websites of the various companies

Infrastructure owners
Land, runways and apron: maintained and owned by national government, local government body, and Narita/Kansai/Central Japan airport
corporations
Terminal building and cargo terminal: constructed, owned, and managed by private corporations, third sector bodies, and airport companies, etc.
Maintenance area: constructed, owned, and managed by entities such as private corporations and airline companies
Japan Airport Terminal Co., Ltd. has been designated as an Airport Facilities Operator* under the Airport Act.
(*) Enterprise that constructs or manages airport facilities (passenger or cargo handling facilities or aircraft refueling facilities necessary for an
airport to perform its functions).


Relationship with airline companies
Renting facilities such as check-in counters and offices

Relationship with merchandise sales, food and beverage, and service shops
If the terminal building company directly opens a store, the Company leases the store or office to the airline related company. However, someprocess including filing are necessary for sales at the airport.
Reference Material 1

JAPAN AIR TERMINAL(2) Company History
Haneda Airport was re-launched as Japanese air gateway after being returned by the U.S. in 1952. However, on account of a lack of financial
resources after the war, only the costs for paving the taxiway and apron were included in the national budget. Therefore, it was decided tobuild the terminal with private funds (cabinet approved), and in 1953 the Company was founded with the cooperation of major
financial institutions (with capital 150 million yen), and the terminal was opened in May 1955.
1953 (July)
1955 (May)1964 (April)

1978
1990
1991
1993
1994

1998
2001
2002
2003
2004
2005
2006

2007

2008
2009
2010

Established with private sector capital of 150 million yen
The terminal building opened and launched operation.
Separate domestic arrival terminal building completed in time with the Tokyo Olympic
Games.
(October)Duty-free sales operations commenced.
(May)
Commenced merchandise sales including duty-free articles, hotel reservation services
and other operations with the opening of Narita International Airport.
(February)
Listed on second section of the Tokyo Stock Exchange.
(September) Listed on first section of the Tokyo Stock Exchange.
(September) Haneda Airport Terminal 1 (Big Bird) started operation.
(September) Launched commissioned operation of duty-free shops and wholesale of duty-free goods
accompanying opening of the Kansai Airport.
(March)The temporary international terminal at Haneda Airport started operation.
(February)
International charter flights commenced at Haneda Airport.
(April)Terminated periodic international flights from Haneda Airport (transfer of China Airlines
and the EVA Airways to Narita).
(November) International charter flights between Haneda and Seoul (Gimpo) commenced.
(December) Terminal 2 at Haneda Airport started operation.
(February)
Wholesale of duty-free goods commenced with the opening of Central Japan International
Airport.
(April)Participated in the project of the maintenance and operation of terminal at international
flight area of the Tokyo International Airport.
(June)
Invested in the special purpose company (SPC) “Tokyo International Air Terminal
Corporation.”(February)South Pier in Terminal 2 at Haneda Airport started operation.
(September) International charter flights between Haneda and Shanghai (Hongqiao Airport)commenced.
(December) P4 multi-story simple parking lot completed construction and started operation.
(April)International charter flights between Haneda and Hong Kong commenced (during specifichours).
(April)Designated as an Airport Facilities Operator under the revised Airport Act.
(October)International charter flights between Haneda and Beijing commenced.
(August)P4 multi-story parking main building started operation (full-scale operation scheduled in
October).
(October)
The extended part of Terminal 2, Haneda Airport started operation.
The new International Passenger Terminal (TIAT) started operation.
Closure of the temporary International Passenger Terminal Building, end of P5 operation

Reference Material 2

Haneda Airport Terminal when opened

Haneda Airport Terminal 1

Haneda Airport Terminal 2

JAPAN AIR TERMINAL(3) The Group’s business expansion at each airport
Haneda Airport (Tokyo International Airport)
Terminal 1(area under management: 292,400m 2)

Started operation in September 27, 1993

Terminal 2• Construction,
management, andoperation of terminals• Real estate leasing• Merchandise sales(direct management)• Food and beverage
services(direct management)• Passenger services• Preparation/sales of inflight meals(area under management: 245,100m 2)

Started operation in December 1, 2004
South Pier started operation in February 15, 2007
The extended part of Terminal 2 started operation in October 13, 2010

International Passenger Terminal (constructed and managed by
Tokyo International Air Terminal Corporation)
Business under contract• Facilities
maintenance/management• Duty-free shop operation, etc.
• Passenger services

Parking lot
Management of parking lot(total of 4,776 spots)• P1 parking lot• P4 parking lot

2,351 spots
2,425 spots

Started operation in October 21, 2010

• Wholesale and merchandise
sales• Food and beverage services

Narita International Airport

Kansai International Airport

Central Japan International Airport• Merchandise sales (duty-free shops, etc.)• Wholesale (duty-free items, general items),
commissioned management of duty-free shops• Food and beverage service• Passenger services• Preparation/sales of in-flight meals• Commissioned management of duty-free shops• Merchandise sales• Wholesale• Wholesale

Reference Material 3

1994.9.4 開港2005.2.17 開港

JAPAN AIR TERMINAL(4) Group companies (16 companies)
Facilities management operations (7 companies)

Japan Airport Terminal Co., Ltd.

[Maintenance management]• Japan Airport Techno Co., Ltd.
• Haneda Airport Security Co., Ltd.
• Sakura Clean Corporation[Service]• BIG WING Co., Ltd.
• Haneda Passenger Service Co., Ltd.
• Hiro International Co., Ltd.
• Japan Airport Ground Handling Co., Ltd.

Maintenance management of facilities such as airport terminals
Security service and management of parking area
Operation of airport cleaning center and waste deposal
Advertising and event planning
Passenger service operations
Operation of paid waiting rooms and conference rooms at Haneda Airport
Ground handling operation at Haneda Airport

Merchandise sales operations (5 companies)• International Trade Inc.

Retail and wholesale of general products and bonded goods to each shop at airports
nationwide• Japan Airport Logitem Co., Ltd.
Logistics, including transportation and inspection• Japan Airport Terminal Trading
Merchandise sales and wholesale operations at Chengdu Shuangliu International Airport(Chengdu) Co., Ltd.
(Sichuan province, China)• Haneda Airport Enterprise Co., Ltd. Operation of shops at Haneda Airport and Narita International Airport• Hamashin Co., Ltd.
Retail and wholesale of marine products

Food and beverage operations (4 companies)• Tokyo Airport Restaurant Co., Ltd.
• Cosmo Enterprise Co., Ltd.

• CTT Inc.
• Kaikan Kaihatsu Co., Ltd.

Restaurant business and production/sales of snacks at Haneda Airport and Narita International
AirportIn-fight catering for foreign airlines such as American Airlines, British Airways, Singapore Airlines,
Cathay Pacific Airways, China Airlines, Virgin Atlantic Airways, Emirates Airline, Qatar Airways
leaving Haneda Airport and Narita International Airport, and production of frozen foods, etc.
Cleaning of airline cabin items and dishware, etc.
Operation of restaurants and the management of lodgings, halls, and conference rooms, etc.

•

In October 2010, the Company and Osaka International Airport Terminal Co., Ltd., jointly established Japan Airport Ground Handling Co., Ltd., (capital 50 million yen,investment ratio 60.0%) as a subsidiary specializing in ground handling operation at Haneda Airport. The company launched operations in October 2010.

•

In January 2011, the Company established Japan Airport Terminal Trading (Chengdu) Co., Ltd., (capital 85 million yen, investment ratio 100.0%) as a subsidiary specializing
in merchandise sales and wholesale operations at Chengdu Shuangliu International Airport (Sichuan province, China).

Reference Material 4

JAPAN AIR TERMINAL(5) Composition of the Group businesses(by consolidated and segment; actual for FY10)
Composition of operating income

Composition of sales(pre-depreciation)

Food and beverage
operations

Other 1% (1%)
In-flight meals 3% (3%)
Restaurants 7% (7%)

Food andbeverage
operations

11%
Other

(11%)

21% (17%)
Merchandise sales
operations

58%
(58%)
Shops atinternationalterminal

2%

Rent revenue

11% (12%) Facility user
chargesrevenue

Facilities
11% (13%)
management
operations

31%

(3%)

Merchandise
sales
operations

32%

(31%)

(29%)
Other 9% (6%)
Shops atdomestic terminal

Facilities
management
operations

66%
(68%)

24%
(27%)

13% (14%)*Figures in parenthesis are actual figures for FY09.

Reference Material 5

JAPAN AIR TERMINAL(6) Revenue composition (by consolidated and segment)
Category
Rent revenue
Facilities
management
operations

Facility user
charges revenue

Others

Revenue details
Office lease (fixed rent); shop lease (fixed rent + percentage
commission)
User charges for common facilities of domestic flights fromairline companies; Fees for use of passenger facilities (domestic
flights: PFC, international (-October 20, 2010): PSFC)

Shops atinternationalterminal
OthersFood andbeverage
operations

Depreciation; water, heating, energy
expenses; repairs expenses; lease fee (suchas national property usage fee); taxes andpublic charges; cleaning expenses;
outsourcing fees

Lease fee (such as national property usage
Parking fee revenue, advertising revenue; sales from paidfee); taxes and public charges (fixed asset
waiting room (Airport Lounge); revenue from subcontracted worktax); outsourcing fees

Shops at domestic
Merchandise sales for shops at Haneda Airport
terminal
Merchandise
sales
operations

Expenses details

Merchandise sales for duty-free shops at Haneda Airport(-October 20, 2010)
Merchandise sales for shops such as duty-free shops at Narita
International Airport

Cost of sales; supply expenses

Cost of sales; supply expenses; percentage
of business

Wholesale to Haneda Airport, Narita International Airport, Kansai
Cost of sales
International Airport, and Central Japan International Airport

Restaurants

Restaurant sales at Haneda Airport and Narita International
AirportFood expenses (cost of sales for food andbeverage), percentage of businessIn-flight meals

Production and sales of in-flight meals

Food expenses (cost of sales for food andbeverage)

Wholesale of products such as frozen foods and box meals

Food expenses (cost of sales for food andbeverage)

Others

Factors behind changes in earnings: Environment the airline industry operates in (such as changes in the number of passengers on bothinternational and domestic flights)
Government measures, etc. (such as the government’s and regulating authority’s airport management
policy and revisions to and changes to the system of usage fees for national assets)

Reference Material 6

JAPAN AIR TERMINAL(7) Sales by region and segment (Non-consolidated)

Upper figure: actual for FY10
(Lower figure): actual for FY09

By segment

By region
KansaiInternational
AirportNaritaInternational
AirportDevelopment ofCompany-owned land 2%

6%

(2%)

Kansai International
Airport 6%
(7%)

(7%)
Haneda Airport(18%)

Rent revenue
Facility user
charges revenue

HanedaAirport

28%
(31%)

73%
(71%)

TIAT

10%
(－%)

2%
(2%)

(2%)

(Ciel Gran plan)

17%

Central Japan
International Airportand others

Central Japan
International Airportand others 2%

Development ofCompany-owned
land(Effective use of landpreviously used for dorms
and company housing)

2%
(2%)

Haneda Airport– Total 73%(71%)

Reference Material 7

NaritaInternational
Airport 17%(18%)

Merchandise
sales, etc.

60%
(67%)
Haneda Airport(excluding TIAT)
35%
(40%)

JAPAN AIR TERMINAL(8) Facilities of Tokyo International Airport (Investment plan)

Terminal 2
ANA, ADO, SNA, SFJ
Fixed Spots : 20

[Fourth Stage of the Plan]･Expansion and Renovation of 3 spots
Investment amount: ¥8.0 billion
To be placed in service in FY13

[International terminal dismantling works]･ Dismantling works
Investment: 0.4 billion yen
Scheduled in FY11Ｐ４[Construction of P4 Multi-story Parking lot]･ Full-scale multi-story parking lot
Placed in service in October 2010

[Third Stage of the Plan]･ Main building
Placed in service in October 2010

[Terminal 1 Renovation Project]･ Arrangements for environment, shops,
other facilities
Investment: ¥7.0 billion
Scheduled in FY10－11[Installation Upgrading Works]

Terminal 1
JAL Group, SKY, SFJ
Fixed Spots : 24
Reference Material 8･ Upgrading of the passenger boarding
bridge at Terminal 1, upgrading of
installations at Terminal 1&2
Scheduled in FY10－12

JAPAN AIR TERMINALJAPAN AIR TERMINAL
2．Efforts related to the Tokyo International Airport Re-expansion Project(1) Re-expansion Project of Tokyo International Airport

Runway Construction
Runway Construction
Project
Project

Construction started: 2006
Construction started: FY06
Expected opening:
Opened: October 21, 2010
October 21, 2010

New Runway D
Runway C

Terminal 2

Runway B

With the additional expansion, landing slots will
increase by 1.3 times

Terminal 1
Runway A

KeikyuExpress

Newly opened stations of Keikyu line
&Tokyo MonorailFor
Hamamatsu-cho[Before the re-expansion]
303 thousand slots a year (on daytime)(equivalent to 830 slots a day)Tokyo
MonorailInternational Terminal

Increase of 104 thousand slots a year (or 284 slots a day)
Of which, around 60 thousand slots arefor international flights (on daytime)

International Section
Development Project(by PFI)

Ebitori River
Tama River

Opened: October 21, 2010

[After the re-expansion] (from FY14)407 thousand slots a year

Mt. Fuji
Kawasaki City(on daytime)(equivalent to 1,114 slots a day)For
Keikyu Kamata*

Reference Material 9

Estimated based on the materials from the Study Group meeting for slot
allocation standards at Haneda Airport (July 2009) and the Growth Strategy
Council of MLIT (April 2010) from the Ministry of Land, Infrastructure, Transport
and Tourism

JAPAN AIR TERMINAL(2) Founding and present state of the Tokyo International Air Terminal Corporation
April 21, 2006
June 1, 2006
June 20, 2006
July 7, 2006

October 2007

“HKT Group”, represented the Company, was selected
as the candidate for the project
HKT Group concluded basic agreement with theJapanese government
The special purpose company, Tokyo International Air
Terminal Corporation was foundedBusiness agreement was concluded between the Tokyo
International Air Terminal Corporation and theJapanese government

Announcement of tender for construction of facilities
such as terminal building••

February 2008

Terminal Building (3 sections)
1. South Wing
2. Main building, access route, supply and processing
facilities building
3. North Wing
Airport users parking lot (1 section)

Concluded a subcontracting agreement regarding theconstruction of passenger terminal• Terminal Building
1. South Wing: Joint venture construction project(Kashima and Kitano)
2. Main building, access course, supply and processing
facilities building: Joint venture construction project(Kashima and Kitano)
3. North Wing: Joint venture construction projection(Toda and Konoike)• Airport users parking lot: Joint venture construction project(Shimizu, Tokyu, Lotte)

April 2008

Conducted a event to wish safety construction of new
facilities such as terminal building
May 2008
New Construction launched
End-July 2010
Completion construction
October 21, 2010 Launch of operations

1. Company
Name

Tokyo International Air Terminal Corporation

2. Date Founded

June 20, 2006

3. Headquarters
Location

Chiyoda-ku, Tokyo

4. Capital

4.5 billion yen

5. Businesses

Maintenance and management of the terminalbuilding in the international section of Tokyo
International Airport

6. Representative President Haruhiko Shimoda (previously the vicepresident of Japan Airport Terminal Co., Ltd.)
7. Composition of Japan Airport Terminal Co., Ltd.
(34%)
Shareholders
Japan Airlines Corporation(17%)
All Nippon Airways Co., Ltd.
(17%)
Narita International Airport Corporation(9%)
Tokyo Electric Power Company, Inc.
(7%)
NTT Data Corporation(3%)
SECOM Co., Ltd.
(3%)
Tokyo Gas Co., Ltd.
(3%)
Keihin Electric Express Railway Co., Ltd.
(2%)
Tokyo Monorail Co., Ltd.
(2%)
Development Bank of Japan(1%)
Mizuho Corporate Bank Ltd.
(1%)
Bank of Tokyo-Mitsubishi UFJ Ltd.
(1%)
8. Corporate
Philosophy

To establish the new international terminalbuilding as the new gateway to the East Asiaand create a convenient and pleasant urban
international airport so as to contribute to thestrengthening of exchanges between Japan andEast Asia and realization of a tourism-based
country

Note:

Reference Material 10

Created by the Company based on material from the Tokyo
International Air Terminal Corporation

JAPAN AIR TERMINAL(3) Summary of the New International Terminal
Summary of facilities• Site area:• Terminal building
Floor space:approx. 130,000m2
approx. 159,000m2(including water supply and waste disposal facilities)

Floors:Fixed spots:

5 floors
10 spots(10 open spots)• Parking lot
Total floor space:
Floors:Capacity:

approx. 67,000m2
6 levels, 7 floors
approx. 2,300 vehicles

LegendPath for general departure passengers
Path for group departure passengers
Path for VIP departure passengers
Service for affluent passengers
Path for general arrival passengers
Path for VIP arrival passengers

Terminal
Observation Deck
Market Place
3F General
Information
Counter

Monorail

Departure Lobby

Departure Passengers

Parking lot forAccess Hall

airport users
Connecting passageway

2F General
Information
Counter

ArrivalLobby

1F General Information
Counter

Taxi
Keihin Express

Bus

Departure Concourses
Gate Lounge
Security check

Customs Immigration and Quarantine(Customs) / Baggage Claim Area

CIQ

Passenger boarding bridge

Customs Immigration and Quarantine(Immigration, Quarantine)

ArrivalConcourses

Arrival Passengers

Entrance PlazaBus

Airside Area

Machinery Room

Luggage handling Area

Airport Limousine departure
Airport Limousine arrival

1F Cab-side Check-in CounterIn the five floors terminal, the 3rd floor is for departures, and 2nd floor is forarrivals, both of which are designed flat, for easy movement ,and with asimple and easy-to-understand layout. In addition, the 1st floor is for roadlevel access, and the 4th and 5th floors are commercial and service space.
Note:

Reference Material 11

Created by the Company based on material from the Tokyo
International Air Terminal Corporation

JAPAN AIR TERMINAL(4) Overall layout of the new International area

Apron area
Haneda Airport International Apron PFI Co., Ltd.
(Representative company: Taisei Corporation)

Cargo area
Tokyo International Air Cargo Terminal Ltd.
(Representative company: Mitsui & Co., Ltd.)

Terminal building area
Land fordevelopment

Tokyo International Air Terminal Corporation(Representative company: Japan Airport Terminal Co., Ltd.)

Kan-pachi RoadTokyo Monorail
Actual area for the construction and operation of terminal building

Airport access road

*Including the land for the CIQ facilities directly managed by the national government(around 115m  50m)

Terminal building construction/operation business (within leased air space)

Actual area for the construction and operation of the cargo terminal
Including the land for the CIQ facilities directly managed by the national government(around 100m  80m)

Keihin Express

Actual area for construction of the apron
Other major businesses (Keihin Express and Tokyo Monorail)

Reference Material 12

Created by the Company based on material from the Ministryof Land, Infrastructure, Transport and Tourism

JAPAN AIR TERMINALJAPAN AIRTERMINAL
3. Changes in passenger volume on domestic and international flights (Haneda andNarita)(Ten thousand
passengers)(Ten thousand
passengers)

6,000

5,000

Haneda Airport – domestic passengers (left axis) 6,180 6,196 6,163 6,229
5,854
5,568
Terminal 2 opened
5,416
at Haneda
5,141
4,863
4,630
4,446
9-11 Terrorist Attack in the US
4,302
4,162

662

6,526 6,495

6,319

5,933 5,864
Financial crisis being
triggered by the US

4952

500
Expanded Terminal 2 atHaneda Airport

4,000

3,000

2,000

600

New International
Terminal opened

H1N1 influenza
outbreak

SARS outbreak

Narita International Airport – international
3,207
flight passengers (left axis)
2,945
2,886
2,768
2,677
2,675
2,631
2,587
2,577
2,372 2,470

3,397 3356 3418 3416

484

400

3151 3151 3082

300
2362

275

243 Launch of Beijing flights
Haneda Airport – international flightpassengers (right axis)

International charter
flights moved to Narita

80

72

81

87

84

85

85

97

95

14

200

Increase in flights to Hong Kong

195

Launch of Gimpo flights

1,000

35

0

700

Haneda international flight passengers

Passengers using Haneda domestic flights and Narita international flights

7,000

Launch of Hong Kong flights

161

130

Launch of Shanghai flights

100

84 Increase in flights to Gimpo

0

Fiscal year

'94.3 '95.3 '96.3 '97.3 '98.3 '99.3 '00.3 '01.3 02.3

'03.3 '04.3 '05.3 '06.3 '07.3 '08.3 '09.3 '10.3 '11.3 '12.3

Reference Material 13(Forecast)

Source: Created by the Company based on material from the Ministry of Land, Infrastructure,
Transport and Tourism and the Narita International Airport Corporation

Notes regarding projections
Items such as plans, targets, policies, strategies, decisions, financial forecasts, future figures and monetaryamounts in this presentation that is not historical data are projections of the future. These are based on
management’s projections, assumptions, evaluations, judgments, and conditions on information obtainable atthe present time. Realizing these items entail uncertainty and various risks and uncertainty.
This presentation material is not intended to solicit investments. We requests you to make own decision
regarding investments.

Contact

Japan Airport Terminal Co., Ltd., Corporate Planning Division, PR/IR Office
TEL: 03 (5757) 8030
FAX: 03 (5757) 8099
Email: ir@jat-co.com