Earnings Explanatory Meeting
April 1, 2011 to March 31, 2012

Reference Material
1.

Overview and Characteristics of Japan Air Terminal (JAT)’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 (JAT)’s Business(1) JAT’s position at each airport
AirportResponsible
partyManagement
party
Airport facilities(basic facilities)
Runways
Taxiways
ApronsHaneda Airport(Tokyo International Airport)

Narita Airport(Narita International
Airport)Kansai Airport(Kansai International
Airport)Central Japan Airport(Central Japan International
Airport)Itami Airport(Osaka 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: JAT
Terminal buildings International: Tokyo International Air
Terminal Corporation (TIAT)
Shareholder
composition

Private corporations, etc.:

100%

Narita International Airport
Corporation

National government:

Kansai International Airport
Co., Ltd.

Central Japan International
Airport Co., Ltd.

National government:
66% Private corporations, etc.:
100% Local governments:
22% National government:
Private corporations, etc.: 12% Local governments:

Osaka International Airport
Terminal Co., Ltd.

50%
Local governments:
50%
40%
Private corporations, etc.: 50%
10%

Source: Created based on the Suji De Miru Koku 2011 (Air Travel 2011 in Figures) andsecurities reports and the websites of the various companies(Reference) Basic position of terminal building companieszOperators of the airport facilities
Installed and managed by national government, local government body, and Narita/Kansai/Central Japan
Runways, taxiways and aprons:
airport companies
Terminal buildings and cargo terminals: Constructed, owned, and managed by private corporations, third sector bodies, and airport companies, etc.
Constructed, owned, and managed by private corporations and airline companies
Maintenance area:
JAT has been designated as an Airport Facilities Operator* by the Minister of Land, Infrastructure, Transport and Tourism pursuant to
Article 15, Paragraph 1 of the Airport Act.
*Enterprise that constructs or manages airport facilities (passenger or cargo handling facilities or aircraft refueling facilities necessary foran airport to perform its functions).
z
Relationship with airline companies
JAT leases facilities such as check-in counters and offices.
z
Relationship with merchandise stores, restaurants, and service stores
JAT leases store/office space to the passenger terminal building companies which open their own stores, or to the tenants of airlinerelated companies. Those companies need filings to operate sales at the airports.
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

2011

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 stores 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(January)
Established Japan Airport Terminal Trading (Chengdu) Co.,Ltd.
(November) Renewal of Terminal 1 building, Haneda Airport completed.
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

Terminal 2(area under management: 292,400m2)(area under management: 245,100m2)• Construction, management,
and operation of terminalbuildings• Real estate leasing• Merchandise sales(direct management)• Food and beverage services(direct management)• Passenger services• Preparation/sales of in-flightmeals

Started operation in September 27, 1993

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

Started operation in October 21, 2010

Narita International Airport• Wholesale and merchandise
sales• Food and beverage services

Kansai International Airport

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

Parking lots
Management of parking lots
(total of 4,776 spots)• P1 parking lot
2,351 spots• P4 parking lot
2,425 spots
1994.9.4 開港

Central Japan International
Airport• Merchandise sales (duty-free stores, etc.)• Commissioned management of• Wholesale• Wholesale (duty-free items, general items),
duty-free storescommissioned management of duty-free stores • Merchandise sales• Food and beverage service• Wholesale• Passenger services• Preparation/sales of in-flight meals
Reference Material 3

2005.2.17 開港

Chengdu Shuangliu
International Airport (China)• Merchandise sales• Wholesale

JAPAN AIR TERMINAL(4) Group companies (15 companies)
Facilities management operations (6 companies)

Japan Airport Terminal Co., Ltd.

[Maintenance and management]• Japan Airport Techno Co., Ltd.
• Haneda Airport Security Co., Ltd.
• Sakura Clean Corporation[Service]• BIG WING Co., Ltd.
• Haneda Passenger Service 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
Ground handling operation at Haneda Airport

Merchandise sales operations (5 companies)• International Trade Inc.
• Japan Airport Logitem Co., Ltd.
• Japan Airport Terminal Trading(Chengdu) Co., Ltd.
• Haneda Airport Enterprise Co., Ltd.
• Hamashin Co., Ltd.

Retail and wholesale of general merchandise and bonded goods to stores at domestic airports
Logistics, including transportation and inspection
Merchandise sales and wholesale operations at Chengdu Shuangliu International Airport(Sichuan Province, China)
Operation of stores at Haneda Airport and Narita International Airport
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
Airport and operation of paid waiting rooms and conference rooms at Haneda Airport
In-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 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).

•

In July 2011, BIG WING Co., Ltd. merged with its consoildated subsidiary Hiro International Co., Ltd.

Reference Material 4

JAPAN AIR TERMINAL(5) Composition of the Group businesses(consolidated, by segment / results for FY11)
Composition of sales

Other 1% (1%)
Rent revenue

11% (11%)

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

Food andbeverage
operations

11%
(11%)
Other

23% (21%)

Facilities
management
operations

Facility user
chargesrevenue

12% (11%)

33%
(31%)

Stores atinternationalterminal

10% (13%)

Merchandise sales
operations
Other 10% (9%)

56%
(58%)

Stores atdomestic terminal

23% (24%)*Figures in parenthesis are results for FY11.

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); store lease (fixed rent + percentage
commission)

Depreciation; water, heating, energy
expenses; repairs expenses; lease fee (suchas national property usage fee); taxes andUser charges for common facilities of domestic flights frompublic charges; cleaning expenses;
airline companies; Fees for use of passenger facilities (domestic
outsourcing fees
flights: PFC
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

Stores at domestic
Merchandise sales for stores at Haneda Airport
terminal
Merchandise
sales
operations

Stores atinternationalterminal
OthersFood andbeverage
operations

Expenses details

Merchandise sales for lobby stores at Haneda Airport
Merchandise sales for stores such as duty-free stores at Narita
International Airport

Cost of sales; supply expenses
Cost of sales; supply expenses; percentage
of business

Wholesale to Haneda Airport, Narita International Airport, KansaiInternational Airport, and Central Japan International Airport
Cost of sales and agent service fee
Commissioned management fee of Haneda Airport, Narita
International Airport, and Kansai 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)
Changes in facility user charges (domestic flights)
Reference Material 6

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

By segment

By region(Haneda Airport)
KansaiInternational
AirportNaritaInternational
AirportUpper figure: results for FY11
(Lower figure): results for FY10

6%
(6%)

12%

Sale ofmerchandise
45％
(47%)

Rent
revenue
23％
(23％)

(17%)
HanedaAirport78%(73%)

Central Japan
International Airportand others

2%
(2%)

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

2%
(2%)

Reference Material 7

Otherrevenues7％( 7％)

Facility user
chargesrevenue
25％(23％)

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: ¥7.6 billion
Scheduled to start operation in FY13

[International Terminal Dismantling Works]･ Dismantling works
Investment amount: ¥0.4 billion
Scheduled in FY11Ｐ４[Construction of P4 Multi-story Parking Lot]･ Full-scale multi-story parking lot
Started operation in August 2010

[Third Stage of the Plan]･ Main building
Started operation in October 2010

[Terminal 1 Renovation Project]･ Arrangements for environment, stores,
other facilities
Investment amount: ¥7.0 billion
Scheduled to complete 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 Terminals 1 & 2
Scheduled to complete 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
Project
Construction started: FY06
2006
Expected
Operationopening:
started:
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
Newly opened
stations of Keihin
Express Tokyo
MonorailFor
Hamamatsu-choKeihinExpress[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

Operation started:
October 21, 2010

[After the re-expansion] (from FY13-end)
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

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

February 2008

“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

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 the construction ofpassenger 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)

May 2008
July 2010
October 2010
June 2011

New construction launched
Construction completed
Started operations
Revised agreement on the maintenance and management of theterminal building in the international section of the Tokyo
International Airport was concluded between Tokyo International Air
Terminal Corporation and the Japanese government
・ Partial renovation and expansion of the main terminal building
・ Expansion of satellite and multi-story parking
・ Newly-built hotel

1. Company
Name

Tokyo International Air Terminal Corporation

2. Date Founded

June 20, 2006

3. Headquarters
Location

Haneda Airport, Ota-ku, Tokyo

4. Capital

5.85 billion yen

5. Businesses

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

6. Representative Masashi Sakurai, President (previously Vice
President of Japan Airport Terminal Co., Ltd.)
7. Composition of Japan Airport Terminal Co., Ltd.
(36.28%)
Shareholders
Japan Airlines Corporation(18.08%)All Nippon Airways Co., Ltd.
(18.08%)
Narita International Airport Corporation (6.92%)
Tokyo Electric Power Company, Inc.
(5.38%)
SECOM Co., Ltd.
(2.99%)
Tokyo Gas Co., Ltd.
(2.99%)NTT Data Corporation(2.31%)
Keihin Electric Express Railway Co., Ltd.
(2.01%)
Tokyo Monorail Co., Ltd.
(2.01%)Development Bank of Japan Inc.
(0.98%)
Mizuho Corporate Bank Ltd.
(0.98%)
Bank of Tokyo-Mitsubishi UFJ Ltd.
(0.98%)

8. Corporate
Philosophy

As the gateway to the nation’s capital, Tokyo, wewill endeavor to continue providing cutting-edge
terminal facilities and services to customers fromacross the world and thus contribute to thedevelopment of the international aviation network.

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
approx. 130,000m2• Site area:• Terminal building
Floor space: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

Legends
Path 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

ObservationDe
ck

AirsideAreaMarket Place
3F
Departure
GeneralInformationDeparture
Counter

Monorail
Parking lot for
airport users

Access Hall

Connecting

2F
GeneralArrivalInformatio
Lobby
n Counter
1FEntrance
GeneralP
Information
Counter
l

pass
agew
ay

BusKeihinTaxi
Ex
pre
ss

Bus

a
z
a
1F Cab-side Check-in
CounterLobbySecuritycheckPassengers

Customs Immigration and Quarantine(Customs) / Baggage Claim Area

ArrivalPasse
Machinery
ngers
Ro
o
m

CIQ

Departure
Concourses
Gate Lounge

Customs Immigration andQuarantine(Immigration, Quarantine)

Luggage handling
Area

Passenger boarding
bridgeArrivalConcourses

Airport Limousine
departure
Airport Limousine arrival

In 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 TB

Airport accessroad*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 cargoterminal

Keihin Express

Including the land for the CIQ facilities directly managed by the national
government (around 100m × 80m)

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

Reference Material 12

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

JAPAN AIR TERMINAL

3. Changes in Passenger Volume on Domestic and International Flights (HanedaJAPANandAIRNarita)
TERMINAL(Ten thousand
passengers)

Haneda Airport – domestic
passengers (left axis)(Ten thousand
passengers)

SARS outbreakTerminal 2 opened at Haneda
9-11 Terrorist Attack in the US

Financial crisis being
triggered by the US
H1N1 influenza
outbreak
The Great East
Japan Earthquake

Haneda international flight passengers

Passengers using Haneda domestic flights and Narita international flights

New International
Terminal started
operation
Expanded Terminal 2 atHaneda Airport

Narita International Airport – international
flight passengers (left axis)

Haneda Airport – international
flight passengers (right axis)

Launch of Beijing flights
Launch of Gimpo flights

Increase in flights to Hong Kong

International charter
flights moved to Narita

Launch of Hong Kong flights
Launch of Shanghai flights
Increase in flights to Gimpo

Fiscal year
(Forecast)

Reference Material 13

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