Second Quarter of FY21

Earnings Presentation Material(November 12, 2021)* This document has been translated from the Japanese original, for reference purposes only.
If there is any discrepancy between this translated document and the Japanese original,
the original shall prevail.

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

Contents
Second Quarter of FY21
Earnings Presentation Material

1. Review of Consolidated Financial Results for FY21 2Q

3. Operation of the Business under the “New Normal”(1) Business EnvironmentP２(1) Main Initiatives

P １２(2) Consolidated Financial ResultsP３(2) Cooperation for the Tokyo 2020 Olympic
and Paralympic GamesP １３(3) Initiatives to diversify earnings

P １４(4) Development of Terminals

P １５

2. Consolidated Financial Forecast for FY21
(1) Business EnvironmentP

４◆ Outlook for the recovery of Haneda Airport
passenger numbers

P

５

4. Sustainability Initiatives◆ Prospects for recovery in domestic flight demandP６(1) Initiatives for SDGs

P １６(2) Consolidated Financial Forecast for FY21P７(2) Initiatives to Reduce CO2

P １７(3) Consolidated Financial Forecast for FY21
(Amount affected due to consolidation of TIAT)P

８(3) Situation Surrounding Haneda Airport

P １８(4) Quarterly Changes in Operating Income and EBITDAP９(5) Status of Funds

P １０(6) Status of Selling, General and Administrative Expenses

P １１

Contents
Supplementary Material

Reference Material

1. Details of Consolidated Financial Results for FY21 2Q(1) Changes in Passenger Volume(Haneda, Narita, Kansai and Chubu Centrair)(2) Consolidated Financial Results for FY21 2Q(3) Financial Results by Segment(i) Facilities management

1. Outline of Japan Airport Terminal Group

P ２０
P ２１
P ２２

(ii) Merchandise sales

P ２３(iii) Food and beverage

P ２４(4) Breakdown of Selling, General and
Administrative Expenses

P ２５(5) Changes in Non-Operating Income/Expenses
and Extraordinary Income/Loss

P ２６(6) Consolidated Balance Sheets

P ２７(7) Consolidated Statements of Cash FlowsP ２８(8) Capital Expenditure and Depreciation Expenses

P ２９

2. Details of Consolidated Financial Forecast for FY21

(1) The company’s position at Haneda Airport(comparison with other major airports in Japan)

P ３８(2) Business Details

P ３９(3) Basic Philosophy and Management Policy

P ４０(4) ESG Initiatives

P ４１(5) Company History

P ４２(6) Group Companies

P ４３(7) Revenue Composition/Details by Segment,
Composition of sales

P ４４(8) Changes in Capital Investment

P ４５(9) Summary of Tokyo International Air
Terminal Corporation

P ４６

2. Summary of Tokyo International Airport (Haneda)(1) Consolidated Financial Forecast for FY21P ３０(1) Location Map

P ４７(2) Forecast of Operating Revenues by Segment

P ３１(2) Comparison of Passenger Volume

P ４８(3) Financial Forecast by Segment(i) Facilities management

P ３２(3) Domestic Destinations and Flights

P ４９(ii) Merchandise sales

P ３３(4) International Destinations and Flights

P ５０(iii) Food and beverage

P ３４(5) International Rating of the Haneda Airport
Passenger Terminal

P ５１

3. Other Information(1) Capital Expenditure and Depreciation Expenses

P ３５(2) Changes in Operating Revenues/Ordinary
Income/Cash FlowsP ３６

Earnings Presentation Material

Second Quarter of FY21 (FY21 2Q)

１. Review of Consolidated Financial Results for FY21 2Q
２. Consolidated Financial Forecast for FY21
３. Operation of the Business under the “New Normal”
４. Sustainability Initiatives

１. Review of Consolidated Financial Results for FY21 2Q(1) Business Environment
Business
Environment

⁻ The declaration of state of emergency and other restrictions were issued for most of the first half of the year,
and as such people refrained from travelling, especially in Tokyo and surrounding areas.
⁻ Globally, travel restrictions were imposed in many countries due to the spread of the Delta variant, which led
to a significant impact on the airline industry.
⁻ In response to the spread of the infection, the 2020 Tokyo Olympic and Paralympic Games were held
without spectators.

Number of
Passengers

⁻ A gradual recovery was seen among domestic flights, but the recovery slowed down after the second half ofAugust.
⁻ International flights increased year on year, but demand remained sluggish due to immigration restrictions.
⁻ The Olympic and Paralympic Games increased passenger numbers, but the impact was limited.

Fiscal year first-half passenger volumes
Change from the

FY21

FY20

Rate of change

Initial forecast(10 thousands)(10 thousands)(%)(10 thousands)

1,083

719

50.5

1,985

-45.4

3,469

-68.8

39

16

137.6

184

-78.7

934

-95.8

1,122

736

52.4

2,170

-48.3

4,403

-74.5

Narita

93

51

81.3

257

-63.8

1,862

-95.0

Kansai

11

6

76.8

142

-92.2

1,276

-99.1

Chubu Centrair

1

0

396.0

38

-95.3

352

-99.5

AirportHaneda – Domestic
Haneda – International

Total Haneda

initial forecast
(%)

FY19

Rate of change(10 thousands)(%)

Note: Haneda Airport passenger volume is based on aggregate statistics of airport usage within the jurisdiction of East Japan Civil Aviation
Bureau, available on the website of the East Japan Civil Aviation Bureau of the Ministry of Land, Infrastructure, Transport and Tourism.

Japan Airport Terminal Co., Ltd.

02

１. Review of Consolidated Financial Results for FY21 2Q(2) Consolidated Financial Results

Overview

⁻Operating revenues increased in all segments from the same period in the previous fiscal year due to increases
in facility user charges revenue and merchandise sales.

⁻

The amount of loss was significantly reduced from the same period in the previous fiscal year due to increased
sales and thorough cost management.

⁻

Due to the delay in the recovery of passenger numbers, both operating revenues and operating income fell
short of the initial forecasts.

Consolidated financial results for FY21 1H
1H

Items
Operating revenues

Note: Figures shown are rounded down to the nearest 100 million yen. (Billions of yen)

Results

LY Results

Amount affected

Amount affected

due to TIAT

due to TIAT

consolidation

consolidation

ChangeamountRate of

Initial forecastchange*1(%)

Amount affected
due to TIAT

Difference

consolidation

25.8

-3.0

20.0

-6.2

5.8

29.0

37.4

-2.4

-11.5

(Facilities management)( 18.8 )( -3.8 )( 16.5 )( -6.0 )

2.3

14.0

( 23.3 )( -2.9 )-4.4(Merchandise sales)( 5.5 )

( 0.8 )(

2.5 )( -0.1 )

3.0

118.5

( 10.5 )( 0.5 )

-4.9

(Food and beverage)( 1.5 )

( 0.0 )(

1.0 )( 0.0 )

0.5

50.4

(

(

-)

-2.0

Operating income (loss)

-21.8

-14.2

-32.2

-17.8

10.4

-

-17.3

-12.7

-4.5

Ordinary income (loss)

-24.3

-17.0

-30.5

-16.4

6.2

-

-17.5

-14.1

-6.8

-14.4

-8.3

-22.8

-10.8

8.4

-

-9.9

-6.8

-4.5

Quarterly net income (loss)
attributable to owners of parent

3.6 )*1 Financial forecast announced in May 2021

* All results for the previous term in this document are figures that have been
reclassified in accordance with the revenue recognition accounting standard.
Japan Airport Terminal Co., Ltd.

03

2. Consolidated Financial Forecast for FY21
(1) Business Environment
Business
Environment

Number of
Passengers

⁻Airline demand recovered rapidly due to the lifting of the declaration of state of emergency and otherrestrictions, as well as the progress made in vaccination.

⁻Travel restrictions have been gradually eased with the introduction of vaccine passports, etc.

⁻Social and economic activities have resumed, and the search for a return to normality has begun.

⁻Domestic flights are expected to recover rapidly as tourism demand emerges in reaction to the self-imposed
restraint on travel.

⁻International flights are expected to recover starting from business demand as the gradual easing of travel
restrictions will lead to the resumption of service flights and international passenger traffic.

The number of passengers forecast for FY21
RevisedAirportforecasts(10 thousands)

FY20 Results

Rate of change

Initial forecast(10 thousands)(%)(10 thousands)

Change from theinitial forecast(%)

FY19 Results

Rate of change(10 thousands)(%)

Haneda – Domestic

3,662

1,962

86.6

4,993

-26.7

6,488

-43.6

Haneda – International

214

41

418.0

673

-68.1

1,682

-87.2

Total Haneda

3,876

2,003

93.5

5,667

-31.6

8,170

-52.6

Narita

342

126

170.5

802

-57.3

3,401

-89.9

Kansai

143

20

593.7

520

-72.5

2,206

-93.5

Chubu Centrair

36

1

1,765.2

142

-74.4

619

-94.1

Japan Airport Terminal Co., Ltd.

04

2. Consolidated Financial Forecast for FY21
◆ Outlook for the recovery of Haneda Airport passenger numbers
Domestic flights

International flights

⁻ IATA forecasts: Recovery in 2022 (to the 2019 level)

⁻ IATA forecasts: Recovery in 2024 (to the 2019 level)

⁻ Potential demand for Haneda Airport as a key domestic airport⁻ High demand for international flights from both inside andoutside Japan⁻ Rapid recovery is expected in the second half due to the lifting⁻ Pay attention to infection trends and immigration restrictionsof the declaration.

in each country

Will recover to the level planned for after the
expansion of flight departures and arrivals within
FY23

Will recover to the levels before the impact of
COVID-19 (*) in Mar. 2022
* Before the impact of COVID-19:
FY19 results (Apr.-Jan.) + Our forecasts (Feb.-Mar.)

Japan Airport Terminal Co., Ltd.

05

2. Consolidated Financial Forecast for FY21
◆ Prospects for recovery in domestic flight demand100%

United States

92%

700

87%

600

80%

500

58%

60%

400

50%

300

40%

200
20%

100

0%

0

⁻ In the U.S., where vaccination were first conducted,
demand for domestic flights recovered as thevaccination rate rose, to about 90% of the precorona level at a 50% vaccination rate.

⁻ While Japan has made rapid progress in vaccination,passenger recovery has been slow, partly due tothe periods of the declarations of a state of
emergency being extended.
⁻ Japan also saw a recovery in domestic passenger
traffic during the time the declaration was lifted,
and last year’s Go To Campaign had the effect offurther boosting demand.

20.11 20.12 21.01 21.02 21.03 21.04 21.05 21.06 21.07 21.08 21.09 21.10

100%

Japan

Issuance of declaration, etc. by
700
Tokyo Metropolitan Government
Period of declaration of state of emergency
600
Period of quasi-emergency measures

80%

72%
500

60%

61%

400
46%

45%

300

40%
35%
27%

20%

200

32%

100
0%

0
20.11 20.12 21.01 21.02 21.03 21.04 21.05 21.06 21.07 21.08 21.09 21.10
Number of infected people

Domestic flight RPK

Vaccination rate

(per million)(compared to FY2019)(fully vaccinated)Japan Airport Terminal Co., Ltd.

06

• Progress made in vaccinations in Japan• Decreases in the number of newly infected andseriously ill patients• Full lifting of the state of emergency declaration
Demand is expected to recover rapidly in thesecond half due to the above factors.
• Demand decreases when the number of
infected people increases, so attention should
continue to be paid to infection trends.

2. Consolidated Financial Forecast for FY21
(2) Consolidated Financial Forecast for FY21

Overview

⁻Operating revenues recovered in stages, and the deficit decreased from the previous fiscal year due topersistent cost reduction.

⁻The domestic flight business is expected to return to profitability in the second half, but the international flightbusiness is in a very severe situation.

⁻Due to the delay in recovery from the new waves of COVID-19, the forecast has been revised downward andthe amount of capital expenditures has been reduced.

Consolidated financial forecast for FY21

Note: Figures shown are rounded down to the nearest 100 million yen. (Billions of yen)

FY21 1H

Items

Results

FY20 1H
results

FY21 2H
ChangeRevisedFY20 2H

forecasts

results

FY21
ChangeRevised

FY20

forecasts

results

InitialChangeforecast Difference*1

Operating revenues

25.8

20.0

5.8

43.6

26.4

17.1

69.5

46.5

22.9

103.2

-33.7

Operating income (loss)

-21.8

-32.2

10.4

-13.2

-26.7

13.4

-35.1

-59.0

23.9

-17.8

-17.3

Ordinary income (loss)

-24.3

-30.5

6.2

-13.3

-26.8

13.4

-37.7

-57.3

19.6

-19.3

-18.4

-14.4

-22.8

8.4

-6.8

-13.6

6.8

-21.3

-36.5

15.2

-10.3

-11.0

Capital expenditures

3.4

5.1

3.5

3.3

7.0

8.4

18.0

Depreciation expenses

15.8

17.1

15.8

17.1

31.7

34.3

31.6

EBITDA

-5.9

-15.0

2.5

-9.6

-3.4

-24.7

13.8

¥0.0

¥0.0

-

-

Net income (loss) attributableto owners of parent

Dividend
Payout ratio

To be

¥0.0

determined
To be

-

determined*1 Financial forecast announced in May 2021
Japan Airport Terminal Co., Ltd.

07

To be
determined
To bedetermined

¥0.0
-

To be
determined
To bedetermined2. Consolidated Financial Forecast for FY21
(3) Consolidated Financial Forecast for FY21
(Amount affected due to consolidation of TIAT)International
FlightSituation⁻Due to the impact of travel restrictions, the situation continues to be difficult, and a large amount of loss isinevitable for the current fiscal year following the previous fiscal year.

⁻

There is a continuing focus on reducing terminal operating costs to reduce the loss.

⁻Preparations are being promoted, including the introduction of new services and renovation of duty-free stores,
for when demand recovers.

Consolidated financial forecast for FY21

Note: Figures shown are rounded down to the nearest 100 million yen. (Billions of yen)

Full year

Items

Revisedforecasts

AmountPrevious

affected due

fiscal year

to TIAT

results

consolidation

69.5

Operating revenues

InitialRate ofAmountChangeaffected due*1

Amountchangeaffected due(%)

to TIAT

46.5

Difference

to TIAT

consolidation-6.9

forecast

consolidation

-10.9

22.9

49.3

103.2

2.4

-33.7

(Facilities management) (

44.2)

(

-7.6)

(

36.0)

(

-11.0)

(

8.1)

22.6

(

56.8)

(

-0.7)

(

-12.6)(Merchandise sales)

(

20.4)

(

0.7)

(

7.7)

(

0.0)

(

12.6)

162.2

(

37.0)

(

3.1)

(

-16.6)(Food and beverage)

(

4.9)

(

-)

(

2.7)

(

0.0)

(

2.1)

80.6

(

9.4)

(

-)

(

-4.5)

Operating income (loss)

-35.1

-26.9

-59.0

-33.1

23.9

-

-17.8

-18.2

-17.3

Ordinary income (loss)

-37.7

-31.4

-57.3

-33.2

19.6

-

-19.3

-21.4

-18.4

Net income (loss) attributable to

-21.3

-15.4

-36.5

-13.8

15.2

-

-10.3

-10.9

-11.0

owners of parent*1 Financial forecast announced in May 2021

Japan Airport Terminal Co., Ltd.

08

2. Consolidated Financial Forecast for FY21(4) Quarterly Changes in Operating Income and EBITDA
Operating income,
EBITDA(Billions of yen)

Passenger
volumeOperatingOperating…
income15

Hanedainternational…
domestic
Hanedaflight passengers

EBITDAEBITDA

Haneda domestic…
international
Hanedaflight passengers

91%

100%

10

80%
5

60%
60%

0
-5

40%
33%

-10

20%
20%

-15

4%

7%

-20

0%

3Q

4Q

(FY19)

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

(FY21)(FY20)* Passenger volume (%): Percentage of the level before the impact of COVID-19 for domestic flights;
percentage of the planned volume after the expansion of departures and arrivals for international
flights

EBITDA is forecast to turn positive in 4Q FY21 (Passenger forecast: 91% for domestic flights; 20% for international flights)
Operating income

Japan Airport Terminal Co., Ltd.

Expect to turn positive from 1Q FY22 or later09

2. Consolidated Financial Forecast for FY21
(5) Status of Funds◆ Cash flow estimate(Billions of yen)✓Free cash flow

-27.5 billion yen(FY20 result -29.7 billion yen)✓

Cash burn (*)(FY20 result

3.7 billion yen/month
3.6 billion yen/month)* Monthly figures for cash flow from operating activities + cash flowfrom investing activities + amount of interest-bearing repayment(excluding some special items)✓

Available funds (end of year)
111.6 billion yen
Cash and deposits balance (end of year) 82.6 billion yen

Sufficient balance of
cash and deposits
Japan Airport Terminal Co., Ltd.

Nimble response10+ Short-term line of credit (set in FY20)

20.0 billion yen+ Existing commitment line

9.0 billion yen

No problem with immediate
financing needs

2. Consolidated Financial Forecast for FY21
(6) Status of Selling, General and Administrative Expenses◆ Revised forecasts Comparison with the preCoronavirus plan approx. -50.0 billion yen◆ Cost Management✓ Non-personnel expenses
⁻ Containment of facility maintenance andmanagement costs (review of contents andfrequency of work, etc.)
⁻ Halved outsourcing expenses compared to the preCOVID-19 level through a review of operations andefficient use of human resources.

✓ Personnel expenses⁻ Sharing of human resources within the group andenhancement of training, etc.
⁻ The number of full-time employees has been reducedby 10% through hiring cuts and secondment to othercompanies outside the group, and the number of
temporary employees has been reduced by 70%.
⁻ Reduction of executive compensation and employee
bonuses✓ Depreciation expenses
⁻ Reduction by cutting capital spending

Suppress the rebound (increase in costs
associated with increased sales)
Japan Airport Terminal Co., Ltd.

Human resource development andoptimization of operations
11

Increaseproductivity

3. Operation of the Business under the “New Normal”(1) Main Initiatives

COVID-19
countermeasures⁻ Ensuring various measures in accordance with guidelines for preventing the spread of
COVID-19 (*)⁻ Expanding PCR testing system, providing space for pre-entry PCR testing⁻ Promoting vaccinations at workplaces and providing vaccination sites for Japanese living
abroad⁻ Received international certification for ACI infection control measures and 5-star rating for
SKYTRAX infection control measures

Terminal
operation andmaintenance⁻ Flexible and efficient allocation of personnel according to passenger trends, changes inbusiness processes (promotion of remote working, etc.), review of business continuity
plan (BCP)⁻ Cooperation for the Tokyo 2020 Olympic and Paralympic Games⁻ Reduction of capital outflows (cost reduction, capital investment reduction)⁻ Support for airlines and occupying tenants (continuation of rent reduction and exemption
measures, etc.)
⁻ Promoting smart airports (full-scale operation of Face Express, full-scale deployment of
WHILL)
⁻ Continuing to invest in safety measures and launching operations of new business jet
facilities

Ensuring
revenue

⁻ Opening of new stores (Dosanko Plaza, etc.), renovation of duty-free stores (SHISEIDO,
etc.)
⁻ Securing revenue streams that are not dependent on air passengers (strengthening of theEC business and distribution business, etc.)
⁻ Initiatives for the arts and culture business⁻ Developing measures to increase sales in anticipation of a recovery in passenger demand* “Guidelines for Preventing the Spread of COVID-19 in the Aviation Field” (jointly prepared by the Scheduled Airlines Association and the All Japan Airport Terminal Association)
Japan Airport Terminal Co., Ltd.

12

3. Operation of the Business under the “New Normal”(2) Cooperation for the Tokyo 2020 Olympic and Paralympic Games
Olympics

Paralympics

Period of the GamesJul 23–Aug 8

Aug 24–Sep 5

Number of athletes

About 11,000

About 4,400–

The Games were held without spectators, and about 40% of the athletes andofficials arrived at Haneda Airport.

–

Thorough infection control measures, such as separated flows of people, were
implemented to ensure safe and smooth entering and exiting.

–Opened official stores in Terminals 1 and 3.

–

Enhanced the atmosphere by decorating the building.

–

Displayed special decorations in the departure area topromote the attractiveness of Japan to the athletes andofficials, and to motivate them to visit Japan again.

➢ Apply accumulated know-how to future large-scale events, etc.
Japan Airport Terminal Co., Ltd.

13

3. Operation of the Business under the “New Normal”(3) Initiatives to diversify earnings– Opening of new stores and introduction of new services– Strengthen EC business and distribution business– Develop new businesses that leverage our strengths➢

Improving Haneda’s attractiveness to recoverdemand➢Improve profitability of non-aviation sectors◆ Non-aviation sectors◆ Enhancing the attractiveness ofHaneda– Opening of mini application of HANEDA
Shopping on the Line messaging app– Opening of new stores such as Hokkaido
Dosanko Plaza– Expanding the in-flight meal menu on the
EC website– Cooperation with the Gurunavi website– Opening stores at off-airport events– Development of original sweet brand– Rental of dormant facilities for international
flights as filming locations– Service where dedicated staff at the airport
escort passengers◆ Holding art auctions– Holding Japan’s first art auction in a bonded area as a new business utilizing the characteristics of Haneda Airport– Creation of new aviation demand for when COVID-19 subsides

Japan Airport Terminal Co., Ltd.

14

3. Operation of the Business under the “New Normal”(4) Development of Terminals
Gate exclusively for new business jets

Expansion of international flight slots
Improving facilities to cope with increased passenger traffic• International Terminal 2 area started operation.

2020
Decline in airline demand due to the spread of COVID-19
Reducing costs by limiting investment to the minimum necessary
Improving facilities so that they can contribute to infection control

2021• Terminal 3 gate exclusively for new business jets started
operation.
• Promoting smart airports, including the full-scale operation ofFace Express

Renovating specific ceilings

Installation of charging poles

New Terminal 1 satellite

Connection between
Terminal 2 and its satellite

Toward the recovery of demand

From
2022

While continuing to reduce costs,
・ Pursuing convenience, comfort, and functionality in passenger
terminals
・ Implementing necessary investments to ensure absolute safety,
as well as stable and efficient passenger terminal operations
throughout the future• Renovating specific ceilings (preventing them from falling down)• Enhancing the functionality of charging facilities• Terminal 1 and 2 satellite construction

To grow beyond the pre-COVID-19 level➢ Full-scale operation of expanded international flight facilities➢ 60 million international visitors coming to Japan in 2030

Japan Airport Terminal Co., Ltd.

15

4. Sustainability Initiatives(1) Initiatives for SDGs–

We are implementing a variety of initiatives both inside andoutside of Haneda Airport through our business operations
to achieve the SDGs by 2030.

• Donating money for school lunches todeveloping countries in cooperation
with the Table For Two initiative at theemployee cafeteria in Haneda Airport• Providing Haneda Airport’s original meals
to nursing homes• Improving airport environment to take
into consideration the elderly and people
with disabilities• Contributing to local economic and social
development through participation in theoperation of overseas and regional airports•

Haneda Airport’s efforts to address
climate change issues by reducing
CO2 emissions•

Reducing the amount of incinerated
waste through the construction of a
new recycling building•

Eliminating plastic straws at stores in
Haneda Airport•

Adopting shopping bags made of limestone
and plant-derived resin•

Starting a trial of selling food to airport
employees to reduce food losses at airport
stores•Organizing HANEDA Fashion Swap to
reduce the disposal of unnecessary clothing• Establishing the Co-Creation Fund to support
venture companies that aim to solve social issues• Establishing a permanent Tokyo Metropolitan
Government-certified daycare center at Haneda Airport

Japan Airport Terminal Co., Ltd.

16

4. Sustainability Initiatives(2) Initiatives to Reduce CO2

Efforts to reduce the amount of electricity consumption
Check-in counter

Most of the terminal’s CO2 emissions
come from electricity received, andthe majority of that electricity is used
for lighting and air conditioning.

Ambient air
conditioning

LED (lighting, etc.)
Ceiling

Composition of CO2 emissions by energy

Our group is actively working to
reduce CO2 emissions from lighting
and air conditioning.

Other
Steam

Departure
Floor
lobby
ventilation

Boarding
gate
information

Heat source gas

Task airconditioning
Air breeze tower

Chilledwater

Natural lighting
Amount of electricity
received

Status of CO2 Emissions
by Energy in FY2019(T1/T2/T3 Combined)

Efficientheatingandcooling

Introduction of cutting-edge technology
We will actively introduce Radi-Cool products, which utilize radiant cooling technology, in the terminals to lower thetemperature inside the building and contribute to the reduction of CO2 emissions.
Passenger Boarding Bridge (PBB)

Fixed bridges

Japan Airport Terminal Co., Ltd.

17

Gate exclusively for new
international business jets

4. Sustainability Initiatives(3) Situation Surrounding Haneda Airport
2010

2020

Government targets for CO2 reduction(compared to FY2013)

2030

2050

-46％

-100％

Cooperation withrelated parties• Tokyo International Airport Eco-Airport Council– Organized by airport administrators and airport-related companies, with the Director of Tokyo International Airport as Chairman– With the Council as its representative, Haneda Airport was selected as one of the Prioritized Airports for Research by the Ministryof Land, Infrastructure, Transport and Tourism.

• Tokyo Bay Zero Emission Innovation Council– Participated in by companies, universities, research institutes, and government agencies in the Tokyo Bay area
– Provided terminals as a place for demonstration experiments

Response to the system and plan

• Total Volume Reduction Obligation and Emissions Trading System– A system established by the Tokyo Metropolitan Government that imposes an obligation on large-scale business establishments
in Tokyo to reduce their CO2 emissions✓ Achieved reduction target

1st and 2nd term plan

3rd term plan

4th term plan

• Tokyo International Airport Environmental Plan
– Formulated by the Tokyo International Airport Eco-Airport Council– Environmental targets, target years, and implementation plans for each environmental element to be achieved in
the operational phase of the airport

1st planning period

2nd planning period

Contributing to carbon neutrality in 2050
Japan Airport Terminal Co., Ltd.

18

Earnings Explanatory Meeting
Second Quarter of FY21

Supplementary Material
1. Details of Consolidated Financial Results for FY21 2Q
2. Details of Consolidated Financial Forecast for FY21
3. Other Information* 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.
https://www.tokyo-airport-bldg.co.jp/

1. Details of Consolidated Financial Results for FY21 2Q(1) Changes in Passenger Volume (Haneda, Narita, Kansai and Chubu Centrair)(Thousand passengers)
70,000

Haneda Airport – domestic flights(Thousand passengers)

20 ,000

64,88364,24260,00066,412

67,323

Haneda Airport – international flights
16,823

15,642
17,120

15 ,000

18,16450,000FY21 forecast +86.6%

FY21 forecast +418.0%

36,62040,000

10 ,000

19,622

1H results ＋ up 50.5％
2H forecast ＋ up 107.6％

1H results ＋ up 137.6％
2H forecast ＋ up 605.4％

30,0005, 000414
2,149

20,000

2015

2016

2017

2018

2019

2020

← Results(Thousand passengers)

40,000FY

0FY

10,000
2021

20 15

20 16

32,41030,00035,87019,151

21,90522,061

22,896

Chubu Centrair Airport– international flights

1H results ＋ up 81.3％
2H forecast ＋ up 231.7％

FY21 forecast +1,765.2%

10,00010,000

1,265

5,234
3,422

2019

2020
← Results

5,564

6,100

0

2021
Forecast →

2015

20

2016

2017

6,198
206

1H results ＋ up 396.0％
2H forecast ＋ up 2,081.2％

FY

0

2018

Forecast →1H results ＋ up 76.8％
2H forecast ＋ up 820.9％

FY21 forecast +593.7%

20,000

2017

20 21

Kansai Airport – international flights

FY21 forecast +170.5%

2016

20 20

(Thousand passengers)

20,000

2015

20 19

← Results

Narita Airport – international flights

33,47920 18

Forecast →34,01830,000

20 17

2018

1,432
363

19
2019

FY

2020

← Results

2021

Forecast →Passenger volume
Results: Figures published by Minister of Land, Infrastructure, Transport and Tourism, Narita
International Airport Corporation, Kansai Airports Co., Ltd. and Central Japan International
Airport Co., Ltd.
Forecast: Created by the Company

1. Details of Consolidated Financial Results for FY21 2Q(2) Consolidated Financial Results for FY21 2Q
FY21 2Q (Results)
Items

FY20 2Q (Results)

Amount affectedRatio

Initial forecast
ChangeAmount affected

Ratio

due to TIAT
consolidation

Millions of yen

Note: figures for FY20 2Q (results) have been reclassified inaccordance with the revenue recognition accounting standard.

due to TIAT

Rate of
ChangeDifference

（※１）

Ratio

consolidation

Millions of yen

Millions of yen

Millions of yen

Millions of yen％

Millions of yen

25,896100.0-3,00420,071

100.0-6,216

5,824

29.0

37,400100.0-11,503

Facilities management

18,82572.7-3,872

16,51982.3-6,003

2,305

14.0

23,30062.3-4,474Merchandise sales

5,546

21.4

865

2,538

12.6

-187

3,007

118.5

10,50028.1-4,953

2

1,012

5.1

-24

2,835

14.1

1,493

7.4

Operating revenues

Food and beverage
Cost of sales
Cost of sales of merchandise(Ratio)((Ratio)Selling, general andadministrative expenses

Operating invome
Non-operating income/loss
Ordinary income
Extraordinary income/loss
Net income attributable toowners of parent

5.9
16.3

2,926

11.3

52.8％)

1,295

Cost of sales of food and beverage

Gross profit

1,523
4,221

(

(

58.8％)

1,341

5.0

85.0％)

510

50.4

3,600

9.6

-2,076

1,386

48.9

8,700

23.3

-4,478

1,432

95.9

6,900

18.5

( -6.0P)-46

6.7( 132.5％)

Millions of yen

(

1,800

-3.4

( -47.5P)

65.7％)(-3,973( -12.9P)

4.8

-504

50.0％)( 35.0P)

21,674

83.7

17,236

85.9

4,438

25.7

28,70076.7-7,02543,499168.0

49,503246.6-6,003-12.1

46,000123.0-2,500-21,825-84.3-14,276-32,266-160.7

10,441--17,300-46.3-4,525

1,760

8.7-4,241

-

-200

-0.5

-2,280-17,075-30,506-152.06,200--17,500-46.8-6,805-1,021

-5.1

1,000

-

-

-

-20

-22,879-114.08,400--9,900-26.5-4,578-2,480-9.6-24,305

-93.9

-20

-0.1

-14,478-55.9-8,370-17,834-16,463-10,826*1 Financial forecast announced in May 2021
*2 Ratio: Cost of sales of merchandise / Operating revenues of merchandise
Ratio: Cost of sales of food and beverage / Operating revenues of food and beverage
Note: Figures shown are rounded down to the nearest million yen.

21

1. Details of Consolidated Financial Results for FY21 2Q(3) Financial Results by Segment

Note: figures for FY20 2Q (results) have been reclassified inaccordance with the revenue recognition accounting standard.

(i) Facilities management
FY21 2Q (Results)

FY20 2Q (Results)

Initial Forecast

Items

Rate of

ChangeRatio

Difference

ChangeRatio(May 2021)

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen

Rent revenues

9,099

46.0

7,974

46.1

1,124

14.1

8,700

35.6

399

Facility user charges revenues

4,265

21.6

3,021

17.4

1,244

41.2

8,800

36.1

-4,534

Other revenues

5,460

27.6

5,523

31.9

-63

-1.1

5,800

23.8

-339

Subtotal

18,82595.2

16,519

95.4

2,305

14.0

23,30095.5-4,474

946

4.8

791

4.6

154

19.6

1,100

4.5

-153

19,772100.0

17,311

100.0

2,460

14.2

24,400100.0-4,627

Operating expenses

33,140167.6

37,798218.3-4,658-12.3

34,400141.0-1,259Operating income-13,367-67.6-20,486-118.3

7,119--10,000-41.0-3,367

Sales to external customers

Intersegment sales
Total(Ratio)(・Rent revenues:

・Facility user charges revenues:-67.6％)(-118.3％)( 50.7P)(-41.0％)

Increase in revenue from leased space due to a reduction in the range, etc.
of rent reductions or exemptions in domestic terminal
Increase from renting space in international terminal as a PCR testing area, etc.
Increase in fees for use of passenger facilities for domestic flights
Increase in fees for use of passenger facilities for international flights

22( -26.6P)+ 0.2 billion+ 0.9 billion+ 0.9 billion+ 0.3 billion

Note: Figures shown are rounded down to the nearest million yen.

1. Details of Consolidated Financial Results for FY21 2Q(3) Financial Results by Segment

Note: figures for FY20 2Q (results) have been reclassified inaccordance with the revenue recognition accounting standard.

(ii) Merchandise sales
FY21 2Q (Results)

FY20 2Q (Results)

Initial Forecast

Items

Rate of

ChangeRatio

ChangeRatio

Difference(May 2021)

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen

Domestic terminal stores

1,827

30.9

1,092

38.2

734

67.2

3,000

27.0

-1,172

International terminal stores

2,145

36.2

602

21.0

1,542

255.8

4,100

37.0

-1,954

Other sales

1,573

26.6

843

29.4

730

86.7

3,400

30.6

-1,826

5,546

93.7

2,538

88.6

3,007

118.5

10,50094.6-4,953

372

6.3

326

11.4

45

14.1

600

5.4

-227

5,918

100.0

2,865

100.0

3,053

106.6

11,100100.0-5,181

Operating expenses

9,167

154.9

8,629

301.2

537

6.2

14,000126.1-4,832

Operating income-3,248-54.9-5,764-201.22,516--2,900

-26.1

-348

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)・Domestic terminal stores:
・International terminal stores:

・Other sales:( -54.9％)( 146.3P)( -201.2％)( -26.1％)

Increase in sales of directly managed stores, etc. at Haneda domestic terminal
Increase in sales of directly managed stores, etc. at Haneda international terminal
Increase in sales of directly managed stores at Narita Airport
Increase in wholesale sales to regional airports23( -28.8P)+ 0.7 billion+ 0.6 billion+ 0.8 billion+ 0.6 billion

Note: Figures shown are rounded down to the nearest million yen.

1. Details of Consolidated Financial Results for FY21 2Q(3) Financial Results by Segment

Note: figures for FY20 2Q (results) have been reclassified inaccordance with the revenue recognition accounting standard.

(iii) Food and beverage
FY21 2Q (Results)

FY20 2Q (Results)

Initial Forecast

Items

Rate of

ChangeRatio

ChangeRatio

Difference(May 2021)

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen

Sales from restaurants

1,003

53.7

713

47.4

290

40.7

2,500

62.5

-1,496

Sales from in-flight meals

343

18.4

167

11.1

175

104.9

700

17.4

-356

Other sales

176

9.4

131

8.9

44

34.0

400

10.0

-223

1,523

81.5

1,012

67.3

510

50.4

3,600

90.0

-2,076

344

18.5

491

32.7

-146

-29.8

400

10.0

-55

1,868

100.0

1,504

100.0

364

24.2

4,000

100.0

-2,131

Operating expenses

3,604

192.9

3,897

259.1

-292

-7.5

4,600

115.0

-995

Operating income-1,735-92.9-2,393-159.1

657

-

-600

-15.0

-1,135

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)・Sales from restaurants:
・Sales from in-flight meals:( -92.9％)( 66.2P)( -159.1％)

Increase in sales at domestic flight restaurants
Increase in sales to client airlines24( -15.0％)( -77.9P)+ 0.2 billion+ 0.1 billion

Note: Figures shown are rounded down to the nearest million yen.

1. Details of Consolidated Financial Results for FY21 2Q(4) Breakdown of Selling, General and Administrative Expenses
Note: figures for FY20 2Q (results) have been reclassified in accordance with the revenue recognition accounting standard.

Items

FY21 2Q

FY20 2Q(Results)(Results)
Ratio

ChangeRatio

Rate ofchangeMillions of yen％

Millions of yen％

Millions of yen％

Operating revenues

25,896100.0

20,071

100.0

5,824

29.0

Selling, general and administrative

43,499168.0

49,503246.6-6,003

-12.1

4,928

19.0

5,351

26.7

-423

-7.9

Provision for employees' bonuses

144

0.6

913

4.5

-769

-84.2

Expenses for retirement benefits

465

1.8

489

2.4

-24

-4.9

Rent expenses

4,530

17.5

5,846

29.1

-1,315-22.5

Business consignment expenses

5,896

22.8

6,748

33.6

-851

-12.6

Depreciation expenses

15,872

61.3

17,19685.7-1,324-7.7

Other costs and expenses

11,66245.0

12,95764.6-1,294-10.0

expenses

Salaries and wages

25

Note: Figures shown are rounded down to the nearest million yen.

1. Details of Consolidated Financial Results for FY21 2Q(5) Changes in Non-Operating Income/Expenses and Extraordinary Income/Loss
Note: figures for FY20 2Q (results) have been reclassified in accordance with the revenue recognition accounting standard.

Items

FY21 2Q

FY20 2Q(Results)(Results)
Ratio

ChangeRate of Change

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Operating revenues

25,896100.0

20,071

100.0

5,824

29.0

Operating income-21,825-84.3-32,266-160.810,441

-

1,970

7.6

4,745

23.6

-2,775

-58.5

48

0.2

2,582

12.8

-2,533

-98.1

1,921

7.4

2,163

10.8

-241

-11.2

Non-operationg expenses

4,450

17.2

2,984

14.9

1,465

49.1

Interest expenses

1,284

5.0

1,149

5.7

134

11.7

1,596

6.1

1,514

7.6

82

5.4

1,570

6.1

321

1.6

1,249

388.7

Ordinary income/loss-24,305-93.9-30,506-152.06,200-

Extraordinary income

1,422

5.5

3,902

19.4

-2,479-64

Extraordinary loss

1,443

5.6

4,923

24.5

-3,479-71

Income taxes-1,328

-5.1

2,509

12.5

-3,837--14,478-55.9-22,879-114.08,400-

Non-operationg income
Interest income anddividend
OthersLoss on investment by
the equity method

Miscellaneous expenses

Net income attributable toowner's of parent

26

Note: Figures shown are rounded down to the nearest million yen.

1. Details of Consolidated Financial Results for FY21 2Q(6) Consolidated Balance Sheets(Millions of yen)

Cash and deposit-33.0 billion
Account receivables - 0.8 billion
Securities+23.0 billion
Merchandise- 1.8 billion
Others
- 3.0 billion

59,093

127,476

Current
assets-15,930

143,407- 1.5 billion

Investments and other assets
Investment securities+ 1.8 billion
Deferred tax assets+ 0.4 billion

364,352

59,568Bonds+ 0.3 billion
Long-term loans payable - 6.4 billion
Others- 0.5 billion

Tangible fixed assets (depreciable assets)
Buildings, etc.
＋ 2.2 billion
Accumulated depreciation -14.1 billion
Construction in progress- 0.3 billion
Intangible fixed assets

Current
liabilities+475

Short-term borrowings- 1.1 billion
Allowance for employees’ bonus- 0.5 billion
Others+ 2.1 billion

264,555

Fixedliabilities-6,227258,327

Fixed
assets-11,432
Retained earnings
Accumulated othercomprehensive income
Non-controlling interest

375,785-14.4 billion+ 1.1 billion- 8.2 billion

Equity ratio
FY2020195,544

Total assets 491,829
2021.9期

FY2021.2Q 33.5％

Netassets-21,611

Total assets 519,193
2021.3期

2021.3期

27

34.3％

173,932（ - 0.8Ｐ）

2021.9期

Note: Figures shown are rounded down to the nearest million yen.

1. Details of Consolidated Financial Results for FY21 2Q(7) Consolidated Statements of Cash Flows
Items

FY21 2Q

FY20 2Q(Results)(Results)

ChangeMillions of yen

Millions of yen

Millions of yen

1,302-1,032

2,335

Income before income taxes and minority interests-24,326-31,527

7,200

Depreciation and amortization

15,911

17,243-1,331Other current assets

2,133

13,595-11,462

Other current liabilities

1,827-1,7093,536

Other fixed liabilities

-31

-51

19

Others

3,440

505

2,934

Proceeds from subsidy income

1,369

1,627

-258

Income and other taxes paid

978

-715

1,694

Cash flows from investing activites-4,102-25,416

21,313Purchase of tangible fixed assets-4,457-28,534

24,077Purchase of intangible fixed assets

-204

-913

709

Investment securities

-850

0

-850

Others

1,409

4,032

-2,622

Cash flows from financing activites-7,31422,609-29,923

Short-term borrowings

-100

300

-400

Long-term loans payable-7,36822,461-29,830

-

-812

812

154

659

-505

24

-5

30

Increase (decrease) in cash and cash equivalents-10,090-3,845-6,244

Cash and cash equivalents at beginning of period

120,355

71,79548,559Cash and cash equivalents at end of period

110,264

67,95042,314

Cash flows from operating activites

Dividends payment
Others
Effect of exchange rate change on cash and cash equivalents

28

Note: Figures shown are rounded down to the nearest million yen.

1. Details of Consolidated Financial Results for FY21 2Q(8) Capital Expenditure and Depreciation Expenses
FY16 2Q

FY17 2Q

FY18 2Q

FY19 2Q

FY20 2Q

FY21 2Q(Results)(Results)(Results)(Results)(Results)(Results)

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Capital expenditure

3,548

5,284

24,706

6,243

5,110

3,490

Depreciation expenses

5,714

5,233

11,99812,827

17,196

15,872Items

Note: Figures shown are rounded down to the nearest million yen.

• Breakdown of major capital expenditures
FY21 2Q (Results)

Repair and upgrade of various equipment and facilities¥0.4 billion

Upgrade of crime prevention/disaster-readiness equipment¥0.3 billion

Store renovation work, etc.

¥0.2 billion(TIAT investment amount¥2.1 billion)• Breakdown of main depreciation expenses
FY16 2Q
FY17 2Q

FY18 2Q

FY19 2Q

FY20 2Q

FY21 2Q(Results)(Results)(Results)(Results)(Results)(Results)

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Terminal 1

2,100

2,100

1,800

2,200

2,200

1,900

Terminal 2

2,000

1,900

1,900

2,400

5,800

5,200

-

-

4,900

4,800

5,700

5,500

100

100

100

300

300

200

TIAT
P4 Parking

Note: Figures shown are rounded down to the nearest hundred million yen.

29

2. Details of Consolidated Financial Forecast for FY21
(1) Consolidated Financial Forecast for FY21
FY21 (Forecast)
Items

FY20 (Results)

Amount affected

Ratio

Note: figures for FY20 (results) have been reclassified inaccordance with the revenue recognition accounting standard.
Initial forecast (May 2021)

Amount affected

Ratio

due to TIAT

Changedue to TIAT

consolidation

Rate ofDifference

ChangeRatio

consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

69,500100.0-6,90046,542100.0-10,924

22,95749.3

103,200

100.0-33,700

Facilities management

44,20063.6-7,60036,04977.5-11,018

8,150

22.6

56,80055.0-12,600

Merchandise sales

20,400

29.4

700

7,781

16.7

93

12,618162.2

37,00035.9-16,600

Food and beverage

4,900

7.0

-

2,712

5.8

1

2,187

80.6

9,400

9.1

-4,50014,600

21.0

9,034

19.4

5,565

61.6

27,80026.9-13,200

11,500

16.5

6,305

13.5

5,194

82.4

22,20021.5-10,700

5.4-2,500Operating revenues

Cost of sales
Cost of sales of merchandise(Ratio)((Ratio)Gross profit
Selling, general andadministrative expenses

Operating invome
Non-operating income/loss
Ordinary income

56.4％)(

owners of parent

81.0％)( -24.6P)

2,728

4.5

63.3％)

371

5.9( 100.6％)((△ 37.3P)

60.0％)

5,600

13.6
(

( -3.6P)

59.6％)( 3.7P)

54,90079.037,50880.6

17,391

46.4

75,40073.1-20,500

90,000129.5

96,528207.4-6,528-6.8

93,20090.3-3,200-35,100-50.5-26,900-59,020-126.8-33,106

23,920--17,800-17.2-17,300

1,699

3.6

-4,299--1,500-1.5-1,100-31,400-57,320-123.2-33,247

19,620--19,300-18.7-18,400

2,500

5.4

-2,600

-

-

-

-100

-36,578-78.6

15,278--10,300-10.0-11,000-2,600-3.7-37,700

-54.2

-100

-0.1

-21,300-30.6

Extraordinary income/loss
Net income attributable to

(

3,100

Cost of sales of food and beverage％ Millions of yen-15,400* Preconditions: Forecast of number of passengers
Haneda domestic (full-year)+

Haneda international (full-year)+ 418.0% YoY

Narita international (full-year)+ 170.5% YoY

Kansai international (full-year)+ 593.7% YoY

Central Japan international (full-year)+1,765.2% YoY-13,896* Ratio: Cost of sales of merchandise / Operating revenues of merchandise sales
Ratio: Cost of sales of food and beverage / Operating revenues of food and beverage

86.6% YoY30

Note: Figures shown are rounded down to the nearest million yen.

2. Details of Consolidated Financial Forecast for FY21(2) Forecast of Operating Revenues by Segment

Note: figures for FY20 (results) have been reclassified inaccordance with the revenue recognition accounting standard.

(Millions of yen)

Items

FY21

Amount affected

FY20

Amount affected(Forecast)due to TIAT

(Results)

due to TIAT

consolidation

ChangeRate of
Change (%)

consolidation

Initialforecast

Difference(May 2021)

44,200-7,60036,049-11,018

8,150

22.6

56,800-12,600

Rent revenues

18,400-4,20017,712-4,296687

3.9

18,000400

Facility user charges revenues

14,700

3,000

7,644

908

7,055

92.3

26,700-12,000

Other revenues

11,100-6,40010,692-7,631407

3.8

12,100-1,000

Merchandise sales

20,400

700

7,781

93

12,618162.2

37,000-16,600

Domestic terminal stores

6,200

-

3,242

-

2,957

91.2

8,200

-2,000International terminal stores

6,900

3,300

2,192

668

4,707

214.8

18,300-11,400

Other sales

7,300-2,600

2,345

-575

4,954

211.2

10,500-3,200

4,900

-

2,712

1

2,187

80.6

9,400

-4,500

Sales from restaurants

3,600

-

2,077

134

1,522

73.2

6,000

-2,400

Sales from in-flight meals

800

-

365

-

434

119.0

2,500

-1,700

Other sales

500

-

269

-132

230

85.6

900

-400

Facilities management

Food and beverage

31

Note: Figures shown are rounded down to the nearest million yen.

2. Details of Consolidated Financial Forecast for FY21
(3) Financial Forecast by Segment

Note: figures for FY20 (results) have been reclassified inaccordance with the revenue recognition accounting standard.

(i) Facilities management
FY21 (Forecast)

FY20 (Results)

Initial forecast

Items

Change
Ratio

Ratio

Rate ofDifference

Change(May 2021)

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen

Rent revenues

18,40039.3

17,712

47.0

687

3.9

18,00030.3400Facility user charges revenues

14,700

31.4

7,644

20.3

7,055

92.3

26,70044.9-12,000

Other revenues

11,10023.7

10,692

28.4

407

3.8

12,10020.4-1,000Subtotal

44,20094.4

36,049

95.7

8,150

22.6

56,80095.6-12,600

2,600

5.6

1,614

4.3

985

61.0

2,600

4.4

-

46,800100.0

37,663

100.0

9,136

24.3

59,400100.0-12,600

Operating expenses

65,900140.8

73,947196.3-8,047-10.9

64,600

108.8

1,300

Operating income-19,100-40.8-36,283-96.3

17,183--5,200-8.8-13,900

Sales to external customers

Intersegment sales
Total(Ratio)(・Rent revenues:
・Facility user charges revenues:
・Other revenues:-40.8％)(-96.3％)( 55.5P)(-8.8％)

Increase in revenue from leased space due to a reduction in the range, etc.
of rent reductions or exemptions in domestic terminal
Increase in fees for use of passenger facilities for domestic flights
Increase in fees for use of passenger facilities for international flights
Increase in revenue from parking fees, paid airport lounges, etc.
for domestic terminal
Decrease in subcontracted work revenues, etc.

32

( -32.0P)+ 0.6 billion+ 5.0 billion+ 1.8 billion+ 1.1 billion－ 0.6 billion

Note: Figures shown are rounded down to the nearest million yen.

2. Details of Consolidated Financial Forecast for FY21
(3) Financial Forecast by Segment

Note: figures for FY20 (results) have been reclassified inaccordance with the revenue recognition accounting standard.

(ii) Merchandise sales
FY21 (Forecast)

FY20 (Results)

Initial forecast

Items

Change
Ratio

Ratio

Rate of
ChangeDifference(May 2021)

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen

Domestic terminal stores

6,200

29.7

3,242

38.1

2,957

91.2

8,200

21.4

-2,000International terminal stores

6,900

33.0

2,192

25.8

4,707

214.8

18,30047.7-11,400

Other sales

7,300

34.9

2,345

27.6

4,954

211.2

10,50027.3-3,20020,400

97.6

7,781

91.5

12,618162.2

37,00096.4-16,600

500

2.4

720

8.5

-220

-30.6

1,400

3.6

-900

20,900

100.0

8,501

100.0

12,398145.838,400100.0-17,500

Operating expenses

27,200130.1

19,823

233.2

7,376

37.2

42,300110.2-15,100

Operating income-6,300-30.1-11,322-133.2

5,022--3,900-10.2-2,400

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)・Domestic terminal stores:
・International terminal stores:
・Other sales:( -30.1％)( 103.1P)( -133.2P)( -10.2％)

Increase in sales of directly managed stores, etc. at Haneda domestic terminal
Increase in sales of directly managed stores, etc. at Haneda international terminal
Increase in sales of directly managed stores at Narita Airport
Increase in wholesale sales to regional airports

33( -19.9P)+ 2.9 billion+ 2.9 billion+ 1.7 billion+ 4.0 billion

Note: Figures shown are rounded down to the nearest million yen.

2. Details of Consolidated Financial Forecast for FY21
(3) Financial Forecast by Segment

Note: figures for FY20 (results) have been reclassified inaccordance with the revenue recognition accounting standard.

(iii) Food and beverage

FY21 (Forecast)

FY20 (Results)

Initial forecast

Items

Rate of

ChangeRatio

ChangeRatio

Difference(May 2021)

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen

Sales from restaurants

3,600

67.9

2,077

58.4

1,522

73.2

6,000

57.1

-2,400

Sales from in-flight meals

800

15.1

365

10.2

434

119.0

2,500

23.8

-1,700

Other sales

500

9.5

269

7.6

230

85.6

900

8.6

-400

4,900

92.5

2,712

76.2

2,187

80.6

9,400

89.5

-4,500

400

7.5

845

23.8

-445

-52.7

1,100

10.5

-700

5,300

100.0

3,557

100.0

1,742

49.0

10,500100.0-5,200Operating expenses

7,900

149.1

7,708

216.7

191

2.5

11,600110.5-3,700Operating income-2,600-49.1-4,150-116.71,550--1,100-10.5-1,500

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)・Sales from restaurants:
・Sales from in-flight meals:( -49.1％)( 67.6P)( -116.7％)

Increase in sales at domestic flight restaurants
Increase in sales to client airlines

34( -10.5％)( -38.6P)+ 1.5 billion+ 0.4 billion

Note: Figures shown are rounded down to the nearest million yen.

3. Other Information(1) Capital Expenditure and Depreciation Expenses
FY16(Results)

FY17(Results)

FY18(Results)

FY19(Results)

FY20(Results)

FY21(Forecast)Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Capital expenditure

6,853

27,88557,55972,613

8,494

7,000

Depreciation expenses

11,60910,806

24,63427,80734,31031,700Items

Note: Figures shown are rounded down to the nearest million yen.

• Breakdown of Major Capital Expenditures
FY20 (Results)

FY21 (Forecast)Upgrade of crime prevention/disaster-readiness equipment¥1.2 billion

Terminal 1 and 2 expansion¥0.8 billion

Repair and upgrade of various equipment and facilities¥0.7 billion

Repair and upgrade of various equipment and facilities¥0.7 billion

Store renovation work, etc.

¥0.7 billion

Upgrade of crime prevention/disaster-readiness equipment¥0.3 billion

Construction of new recycling building¥0.4 billion

Store renovation work, etc.

¥0.2 billion(TIAT investment amount¥4.6 billion)(TIAT investment amount¥4.0 billion)

・Breakdown of main depreciation expenses

FY16(Results)

FY17(Results)

FY18(Results)

FY19(Results)

FY20(Results)

FY21(Forecast)Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Terminal 1

4,400

4,300

4,100

4,700

4,500

3,800

Terminal 2

4,100

3,800

3,800

5,900

11,80010,400

-

-

9,500

10,200

11,200

11,200

300

300

300

700

600

500

TIAT
P4 Parking

35

Note: Figures shown are rounded down to the nearest hundred million yen.

3. Other Information(2) Changes in Operating Revenues/Ordinary Income/Cash Flows

1,500

Haneda Airport Terminal 1
started operation (Sep. 1993)

Haneda Airport Terminal 2
started operation (Dec. 2004)

The additional Terminal 3 extension
started operation (Dec. 2019)
Terminal 2 International facilities
started operation (Mar. 2020)

Billionsof yen400

COVID-19 pandemic

Chubu International
Airport opened

SARS outbreak

Financial realignment

Y2K task

2,000

Great East Japan Earthquake(right) Ordinary income (forecast)
H1N1 influenza outbreak(right) Ordinary income (results)

Hikes in the price of
crude oilFinancial crisis being
triggered by the US(right) Cash flows (forecast)

Iraq war(right) Cash flows (results)

9-11 Terrorist Attack in the US(left) Operating revenues (forecast)

Voluntary closure of
Yamaichi Securities

2,500(left) Operating revenues (results)

Kansai International
Airport opened

3,000

Narita Airport Terminal 2
started operation

Billionsof yenSubsidiary consolidationof TIAT (Apr. 2018)200

The extended part ofHaneda Airport Terminal 2
and Terminal 3 started
operation (Oct. 2010)

0

-200

Terminal 3 extension
started operation(Mar. 2014)

1,000

-400

500

0
90

91

92

93

94

95

96

97

98

99

00

01

02

03

04

05

06

07

08

09

10

11

12

13

14

15

16

17

18

19

←

20

→

-600

21

Results Forecast

36(Cash flows = Net income + Depreciation expenses – Dividends)

Second Quarter of FY21

Reference Material
1. Outline of Japan Airport Terminal Group
2. Summary of Tokyo International Airport (Haneda)* This document has been translated from the Japanese original, for reference purposes only.
If there is any discrepancy between this translated document and the Japanese original,
the original shall prevail.

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

1. Outline of Japan Airport Terminal Group(1) The company’s position at Haneda Airport(comparison with other major airports in Japan)
AirportHanada Airport(Tokyo International Airport)

Category

Responsible and managedby national government

Control

Chubu Centrair
International Airport

KansaiInternational
AirportItami Airport(OsakaInternational
Airport)Responsible and managed by each airport comparnyNational government(Minister of Land, Infrastructure, Transport and Tourism)

facilities

Airportfacilities(Basic facilities)
Runways
Taxiways

NaritaInternational
AirportNational government(Minister of Land, Infrastructure,
Transport and Tourism)

Aprons
Passenger handlingfacilities(Passenger terminalbuildings)

Domestic terminal：Japan Airport
Terminal Co., Ltd. (JAT)International terminal：Tokyo
International Air Terminal Corp. (TIAT)

Shareholder
composition

Private corporations, etc. : 100％

[Owner]
New Kansai International Airport
Company, Ltd.
Narita International
Airport
Corporation

Central Japan
International Airport
Co., Ltd.

Outsourced[Operator]
Kansai Airports Co., Ltd.

National government : 100％

Private corporations, etc. : 50％
National government : 40％
Local government : 10％[Owner]National government : 100％
[Operator]
Private corporations, etc. : 100％

Source: Prepared by the company based on information on the websites of Ministry of Land, Infrastrucure, Transport and Tourism and the respective companies.

(Reference) Basic position of passenger terminal building companies⚫ Operators of the airport facilities
Runways, taxiways and aprons:
Installed and managed by national or local governments, or Narita, New Kansai, Central Japan airport companies.
Passenger and cargo handling facilities: Constructed, owned, managed and operated by private corporations, third sector bodies, airport companies, etc.
Maintenance facilities:
Constructed, owned, and managed by private corporations or airline companies
Both JAT and TIAT have been designated as Airport Facilities Operators* by the Minister of Land, Infrastructure, Transport and Tourism pursuant to Article 15,
Paragraph 1 of the Airport Act.
* Airport Facilities Operator is an 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: JAT and TIAT lease facilities such as check-in counters and offices.
⚫ Relationship with merchandise stores, restaurants, and service stores: JAT and TIAT operate their own stores, or lease store/office space to the tenants such as
airline-related companies. Those companies need filings to operate sales at the airports.

38

1. Outline of Japan Airport Terminal Group(2) Business Details
A company responsible for construction, maintenance and operation of Haneda Airport passenger terminals
Terminal 2■ Terminal 1■ Terminal 2■ Terminal 3■ Operating Entity

Terminal 1・ Domestic passenger terminals: Japan
Airport Terminal Co., Ltd. (JAT)・ Construction, management, and operation ofterminal buildings
・ Real estate leasing (offices, stores and otherspaces for airline companies and airport-based
businesses)
・ Merchandise sales (duty-free stores, others)
・ Food and beverage services
Terminal 3・ Passenger services
・ Preparation/sales of in-flight meals
・ Management of parking lots

・ International passenger terminal: Tokyo
International Air Terminal Corporation(TIAT)
・ The international passenger terminal isoperated as a private finance initiative(PFI) project (2008-2038).
・ The terminal was built and is managed
and operated by TIAT (consolidated
subsidiary of JAT since 2018), establishedthrough investment with airline companies
and other entities, centering on JAT.

Offering high-quality services at domestic airports Narita, Kansai and Chubu, and at airports outside of Japan, leveraging
expertise honed at Haneda Airport.
Narita International
Airport• Merchandise sales (duty-free stores, etc.)• Wholesale, commissioned management of
duty-free stores• Food and beverage service• Travel accident insurance agency business• Preparation/sales of in-flight meals

Kansai and Chubu Centrair
International Airport

Domestic Airports
throughout Japan• Merchandise sales (duty-free stores)• Wholesale• Merchandise sales (Naha)• Wholesale• Operation of Kumamoto Airport

39

At overseas Airport• Merchandise sales at Chengdu Shuangliu
International Airport• Operation of Palau International Airport• Operation of New Ulaanbaatar Airport

1. Outline of Japan Airport Terminal Group(3) Basic Philosophy and Management Policy
Basic philosophy“Balancing Public Good and Business Success”
Passenger terminal buildings serve as public infrastructure of enormous importance.
Utilizing private-sector business approaches to properly achieve this highly public mission is
our basic management philosophy.

Management policy● Establish absolute safety in passenger terminals● Operate passenger terminals for the benefit of customers(convenience, comfort and functionality)● Operate passenger terminals stably and efficiently● Reinforce corporate structure and improve the combined competence of the Group companies
Our Business Model Since Establishment
・Since its establishment, Japan Airport Terminal has optimally leveraged private-sector knowledge and financing to build, manageand operate passenger terminal buildings, which have enormously important public value, as a purely private enterprise spanningnearly 60 years.
・Based on the Japanese government’s policies governing airports and airlines, Japan Airport Terminal is engaged in facilities
installation, including expansion, the provision of appropriate services, and measures to ensure the safety and stability ofpassenger terminal buildings.
・Japan Airline Terminal contributes to the development of the airline industry, guided by a consistent dedication to sharedprosperity with airline companies.

40

1. Outline of Japan Airport Terminal Group(4) ESG Initiatives
Point:- Continuing to work on initiatives started at the time of founding based on the corporate philosophy,"Balancing Public Good and Business Success"- Pursuing the long-term vision for becoming the most highly rated airport in the world, or the world's
best airport
Category
Environment

SocialGovernance

Main initiatives

Recent initiatives• Energy saving measures (Use of LEDs forlighting equipment, inverter control of air
conditioning, introduction of hybrid vehicles)• Use of natural energy (Green power, solar
power generation)• Improvement of labor productivity throughenhanced working environment• Spread of diversity (female executives, hiring of
foreign national employees, etc.)• Donation of money for school lunch todeveloping countries (TABLE FOR TWO)
• Investment in disaster prevention and safetymeasures• Verification of effectiveness evaluation of theboard of directors• Establishment of the nominating/remunerationcommittee

41•

Construction of new recycling building•

Dealing with the marine plastic debris problem(Changing the material used for straws andshopping bags, etc.)•

Demonstration experiment of the radiative
cooling film•

Effort for reducing food loss•

Effort for transmitting art and culture of Japanand for regional revitalization (Business ofHaneda Future Research Institute)•

Installing “water stop boards”•

Installing “Scattering prevention films”•

Japan Public-Private Partnership Student
Study Abroad Program•

Installing charging equipment with built-in
storage battery•

Establishing a PCR testing system•

Strong governance, strengthening of theboard of directors•

Cybersecurity measures1. Outline of Japan Airport Terminal Group(5) 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 to build the terminal with private funds (cabinet
approved), and in 1953 the Company was founded with the cooperation of major institutions (with capital 150 million yen), and the terminal was opened in May 1955.
1953(July)

Established with private sector capital of 150 million yen.

1955

(May)

The terminal building opened and launched operation.

1964(April)Separate domestic arrival terminal building completed in time with the Tokyo Olympic Games.

(October)Duty-free sales operations commenced.
Commenced merchandise sales including duty-free articles, hotel reservation services and other

1978

(May)

1990

(February)

Listed on second section of the Tokyo Stock Exchange.

1991(September)

Listed on first section of the Tokyo Stock Exchange.

1993(September)

Haneda Airport Terminal 1 (Big Bird) started operation.

1994(September)

1998(March)The provisional international terminal at Haneda Airport started operation.

2001(February)

International charter flights commenced at Haneda Airport.

2002(April)2003(November)International charter flights between Haneda and Seoul (Gimpo) commenced.

2004(December)

Terminal 2 at Haneda Airport started operation.

2005(February)

Wholesale of duty-free goods commenced with the opening of Central Japan International Airport.

2006(June)

Established the special purpose company (SPC) “Tokyo International Air Terminal Corporation" (TIAT).

2007(February)South Pier in Terminal 2 at Haneda Airport started operation.

(September)International charter flights between Haneda and Shanghai (Hongqiao Airport) commenced.

2008(April)International charter flights between Haneda and Hong Kong commenced (during specific hours).

2009(April)Designated as an Airport Facilities Operator under the revised Airport Act.

(October)International charter flights between Haneda and Beijing commenced.

operations with the opening of Narita International Airport.

Launched commissioned operation of duty-free stores and wholesale of duty-free goods accompanying
opening of the Kansai Airport.

Terminated periodic international flights from Haneda Airport (transfer of China Airlines and the EVA

Haneda Airport Terminal when opened

Airways to Narita).

Haneda Airport Terminal 1

The extended part of Terminal 2, Haneda Airport started operation.

2010(October)

2011(November)

Renewal of Terminal 1 building, Haneda Airport completed.

2013(April)The extended part of South Pier in Terminal 2 at Haneda Airport started operation.

2014(March)The Passenger Terminal 3 extension, Haneda Airport started operation (TIAT).

2018(April)Subsidiary consolidation of Tokyo International Air Terminal Corporation (TIAT).

2019(December)

The additional Passenger Terminal 3 extension, Haneda Airport started operation (TIAT).

2020(March)The international flight facilities in Terminal 2, Haneda Airport started operation.

The Passenger Terminal 3, Haneda Airport started operation (TIAT).

42

Haneda Airport Terminal 2

1. Outline of Japan Airport Terminal Group
Facilities management operations(6) Group Companies◼ Tokyo International Air Terminal Co., Ltd.
Management and operation of international passenger
terminal building.
◼ BIG WING Co., Ltd.
Advertising agency business, event planning andmanagement◼ Japan Airport Techno Co., Ltd.
Installation, upkeep and management of passenger terminal
facilities and environmental and sanitation management offacilities◼ Haneda Airport Security Co., Ltd.
Security services and parking lot service management◼ Haneda Passenger Service Co., Ltd.
Passenger services operations◼ Japan Airport Ground Handling Co., Ltd.
Passenger handling services◼ Haneda Future Research Institute Inc.
Further improvement of value in existing airport operation,
development of new business model, etc.
◼ Sakura Shokai Co., Ltd.
Airport cleaning center management and waste treatment

Facilities
management
operations
Total:
19 companies

Food andbeverage
operations

Merchandise
sales
operations

Food and beverage operations

8 companies

4 companies

Merchandise sales operations

7 companies◼ Japan Duty Free Fa-So-La Isetan Mitsukoshi Co., Ltd.
Development of airport duty-free stores in urban areas◼ International Trade Inc.
Wholesale business and merchandise sales to Japanese airport
retail stores and other clients◼ Japan Airport Logitem Co., Ltd.
Merchandise transport, delivery and inspection◼ Air BIC INC. Retail sales of home appliances◼ Haneda Airport Enterprise Co., Ltd.
Store operation business◼ Japan Airport Terminal Trading (Chengdu) Co., Ltd.
Merchandise sales and wholesale business at Chengdu
Shuangliu International Airport◼ Hamashin Co., Ltd.
Wholesale and retail sales of marine products◼ Tokyo Airport Restaurant Co., Ltd.
Restaurant business, light meal production and sales,
paid waiting room management◼ Cosmo Enterprise Co., Ltd.
Preparation and loading of in-flight meals, production
and sale of frozen food
◼ LANI KE AKUA PACIFIC, INC.
Restaurant business◼ KAIKAN KAIHATSU Co., Ltd.
Restaurant business, management and operation of
lodging, halls and meeting rooms431. Outline of Japan Airport Terminal Group(7) Revenue Composition/Details by Segment, Composition of Sales※ The data calculated based on the FY19 results as a guide for a normal year
Figures in ( ) denote percentage change from the end of March 2019
Category

Revenue details
Office lease (fixed rent); store lease

Rent revenue(fixed rent + percentage commission) at
Haneda domestic and international terminals

Facility user

Fees for use of passenger facilities (Haneda

Facilities

chargesdomestic and international flights: PSFC),

management

revenueinternational terminal PBB user charges, others

operations

Expenses details
Depreciation; water, heating, energy
expenses; repairs expenses; lease fee(such as national property usage fee);taxes and public charges; cleaning
expenses; outsourcing fees

Parking fee revenue, advertising revenue andOtherssales from paid airport lounge at Haneda

Lease fee (such as national property

domestic and international terminals, Hotelusage fee); taxes and public charges

business income, Revenue from subcontracted(fixed asset tax); outsourcing fees

work
Stores atdomestic
terminal

Merchandise sales for stores at Haneda domestic
terminal stores

Cost of sales; supply expenses

Merchandise sales for stores at Haneda
MerchandiseStores at

salesinternational

operations

terminal

international terminal stores; Merchandise sales
from airport duty-free stores, etc. at Narita
International Airport, Kansai International
Airport and Chubu Centrair International Airport,

Cost of sales; supply expenses;
percentage of business; agent service
fee

urban duty-free store sales
Wholesale sales to Narita International Airport,
OthersKansai International Airport, and Chubu Centrair Cost of sales; agent service fee
International Airport

Restaurants
Food andbeverage

Restraurant sales at Haneda Airport domestic

Food expenses (cost of sales for foodand international terminal and Narita

and beverage); percentage ofInternational Airport

business; outsourcing costs

In-flight meals Production and sales of in-flight meals

operations
OthersFood expenses (cost of sales for foodand beverage)

Income from catering airline lounges, Wholesale Food expenses (cost of sales for foodof products such as frozen foods, box meals, etc. and beverage); outsourcing costs

44

1. Outline of Japan Airport Terminal Group(8) Changes in Capital Investment
Fisical Year

Investment (at timeof construction)

Details

1955

Construction of former terminal building\1.0 billion

1963

Major expansion and renovation (Measures for jet aircraft and the Olympics)\3.5 billion

1970

Construction for accommodating jumbo jets (domestic and international terminal buildings)\3.2 billion

1977

Construction for disaster safety measures\8.0 billion

1978～1981

Construction to repurpose domestic terminal accompanying shift to international flights at Narita
Airport\11.5 billion

1984

Construction for domestic terminal redeployment\15.0 billion

1993

Construction to build Terminal 1 building and remove old terminal building\136.0 billion

1997

Terminal 1 building renovation (bus lounge expansion, new boarding stations)\2.0 billion

1998

Construction to build provisional international terminal building\1.5 billion

1999～2002

Renovation of Terminal 1 building (barrier-free measures)\3.4 billion

2002

Expansion and renovation of provisional international terminal building\1.0 billion

2004

Construction to build Terminal 2 building\67.0 billion

2004～2005

Renovation of Terminal 1 building (including marketplace revitalization)
Provisional international terminal building expansion and renovation\15.0 billion\0.6 billion

2006

Construction for expansion of Terminal 2 building (Second Stage of the Plan)\11.5 billion

2007

Construction to build P4 simplified parking structure\2.0 billion

2007～2008

Provisional international terminal building expansion and renovation

2008～2010

Construction of Terminal 3 building and P5 parking [TIAT]
Terminal 2 building expansion (Third Stage of the Plan)
Construction to convert P4 parking lot to multi-story parking lot

2011

Terminal 1 building renovation (departure lobby, departure lounge, observation deck, etc.)\7.0 billion

2012～2014

Terminal 3 building expansion (expansion in 8 spots, lobby expansion, etc.) [TIAT]\70.0 billion

2013

Terminal 2 building expansion (Fourth Stage of the Plan) Expansion in 3 spots\7.6 billion

2017～2019

Terminal 2 building expansion (international flight facility, satellite, office space expansion, etc.)
Terminal 3 building expansion (expansion in 2 spots, lobby expansion, etc.) [TIAT]\74.0 billion\21.0 billion

2018～2019

Terminal 1 building renovation (basement, 1st floor arrival lobby interior modification, etc.)\3.6 billion\100.0 billion\19.0 billion\6.0 billion\4.7 billion
Total \595.1 billion45

1. Outline of Japan Airport Terminal Group(9) Summary of Tokyo International Air Terminal Corporation

8. Composition of Shareholders

1. Company Name Tokyo International Air Terminal Corporation
2. Date Founded

June 20, 2006

3. Headquarters Location
Haneda Airport, Ota-ku, TokyoJapan Airport Terminal Co., Ltd.

(51.00%)Japan Airlines Co., Ltd.

(16.87%)

ANA HOLDINGS INC.

(16.87%)

4. Capital

13,265 million yen

NARITA INTERNATIONAL AIRPORT CORPORATION(3.05%)

5. Businesses

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

TEPCO Energy Partner, Incorporated(2.37%)

SECOM CO., LTD.

(2.04%)

Katsuji Doi, President (Former Vice Presidentof Japan Airport Terminal Co., Ltd.)Tokyo Gas Co., Ltd.

(2.04%)

Keikyu Corporation(1.36%)TOKYO MONORAIL CO., LTD.

(1.36%)NTT DATA Corporation(1.02%)Development Bank of Japan Inc.

(0.68%)

Mizuho Bank, Ltd.

(0.68%)MUFG Bank, Ltd.

(0.68%)

6. Representative

7. Corporate Philosophy
As the gateway to the nation’s capital, Tokyo,
we will endeavor to continue providing
cutting-edge terminal facilities and services tocustomers from across the world and thus
contribute to the development of theinternational aviation network.

46

2. Summary of Tokyo International Airport (Haneda)(1) Location Map■ Total area of airport■ Apron1,516 haTotal area/268 ha

Spots/232■ Runway
・Runway A

3,000 m×60 m

１・Runway B

2,500 m×60 m

2・Runway C

3,360 m×60 m

3・Runway D

2,500 m×60 m

43

Runway capacity Approx. 486,000
flights/year
７■ Terminal building
・Terminal 1

５

Floor space/approx. 292,400 ㎡
Spots (stationary boarding bridge
present)/24 locations
・Terminal 2

4

６

６

2

11

12

10

9

Floor space/approx. 340,000 ㎡
Spots (stationary boarding bridge
present)/23 locations
・Terminal 2 satellite

５７１

Floor space/approx. 11,600 ㎡
Spots (stationary boarding bridge
present)/3 locations
・Terminal 3

８８Floor space/approx. 268,000 ㎡
Spots (stationary boarding bridge
present)/20 locations

13

14■ Parking lot
・P1

Capacity/2,351 vehicles

９・P2

Capacity/2,315 vehicles

10

・P3

Capacity/2,449 vehicles

11

・P4

Capacity/3,087 vehicles

12

・P5

Capacity/2,910 vehicles

1３■ Haneda airport wharf

47

14

2. Summary of Tokyo International Airport (Haneda)(2) Comparison of Passenger Volume
Japan Airport Passenger Volume Ranking(FY20)

Global Airport Passenger Volume Ranking(2020 calendar year)

Airport

Code

Annual(thousand people)

1 Tokyo (Haneda)

HND

20,037 (19,622)

54

27.5

2

Okinawa (Naha)

OKA

6,588 (6,588)

18

9.0

3

FukuokaFUK6,502 (6,485)

17

8.9

4 Sapporo(Chitose)

CTS

6,436 (6,436)

17

8.8

5

Osaka (Itami)ITM

5,812 (5,812)

15

8.0

6

Tokyo (Narita)

NRT2,996 (1,984)

8

4.1

7 Osaka (Kansai)

KIX

2,256 (2,051)

6

3.1

8 Nagoya (Chubu)NGO2,015 (1,995)

5

2.8

9

KOJ

1,833 (1,833)

5SDJ

1,217 (1,217)

3

Kagoshima

10 Sendai
80 other airports

17,190 (17,190)

Daily average(thousand people)

City/Airport

Share (%)

Code

Annual(thousand people)

1

Guangzhou

CAN

43,767

2

AtlantaATL

42,9183

ChengduCTU

40,741

4

Dallas/Fort Worth

DFW

39,364

5

Shenzhen

SZX

37,916

6

Chongqing

CKG

34,937

7

Beijing Capital

PEK

34,513

2.5

8DenverDEN

33,741

1.7

9

Kunming

KMG

32,990SHA

31,165

23.6

Figures in parentheses are airport passenger volume for domestic flights.
Material: Airport ranking chart for FY20, Japan Civil Aviation Bureau (MLIT)

48

10 Shanghai Hongqiao

Source: ACI (Airports Council International) publication“2021 ACI World Airport Traffic Report”

2. Summary of Tokyo International Airport (Haneda)
Domestic flights 48 routes
Approx. 497 flights (departures)/day(excluding code share flights)(3) Domestic Destinations and Flights(The data collected from the flight timetables for April 2020 as a guide for a normal year)
Code

Flights/day

Okayama

OKJ

10

Hiroshima

HIJ

17

Yamaguchi Ube

UBJ

10

IwakuniTakamatsu
Tokushima

Matsuyama
Kochi
Fukuoka
Kitakyushu

Okinawa

Kyushu

Saga
Oita

IWK
IWJ
TAK
TKS
MYJ
KCZ
FUK
KKJ
HSG
OIT

TOY

4

Noto

NTQ

2

Komatsu

KMQ

6

Nagoya (Chubu)NGO

5

Osaka (Itami)

ITM

30

5

Osaka (Kansai)

KIX

14

Osaka (Kobe)

UKB

10

Nanki Shirahama

SHM

3

City

Code

Flights/day

Sapporo (Chitose)

CTS

51

10

Wakkanai

WKJ

1

3

Asahikawa

AKJ

7

Obihiro

OBO

7

Kushiro

KUH

6

Mombetsu

MBE

1

Memanbetsu

MMB

5

10

Nakashibetsu

SHB

1

12

Hakodate

HKD

8

10

Aomori

AOJ

654

Misawa Hachinohe

MSJ

3Odate-Noshiro

ONJ

2

Akita

AXT

9

Yamagata

GAJ

2

Shonai

SYO

4

5

2
13

15
5
14

Kumamoto

KMJ

18

NagasakiNGS

14

Miyazaki

KMI

19

City

Code

Flights/day

Kagoshima

KOJ

24

Hachijojima

HAC

3

Amami Oshima

ASJ

1

Okinawa (Naha)

OKA

30

MiyakoMMY

2Ishigaki

ISG

4

Kanto

Shikoku

Hagi Iwami

IZO

ToyamaHokkaido

Izumo

YGJ

Flights/day

TohokuYonago

TTJ

Code

Chubu

Tottori

City

Kinki

ChugokuCity49

2. Summary of Tokyo International Airport (Haneda)
Country(4) International Destinations and Flights(The data collected from the plan for April according to the 2020 Summer Schedule as a guide for a normal year)

CanadaInternational flights to 53 cities, 58 routes
Approx. 168 flights departing per day

USACountry/Region

Korea

Country
RussiaCity

Code

Slots/day

2

2

Italy

Rome

FCO

Country

City

Code

Slots/day

TurkeyIstanbul

IST

1

Qatar

Doha

DOH

1

UAE

Dubai

DXB

1

6:00～23:00

Taiwan

23:00～6:00

50

7NewarkEWR

1New York

JFK

3

Washington

IAD

2

Minneapolis

MSP

1

ChicagoORD

3

Atlanta

ATL

1Country

City

Code

Slots/day

Philippines

Manila

MNL

2
2

Hanoi

HAN

1
1

1

TSN

1

LAX

DLC

Tianjin1

Los Angeles

Dalian

1

VIE

1

1

CPH

Vienna

3

SJC

IAH

Copenhagen

Austria

SFO

San Jose

HoustonDenmark

2

San Francisco

1

2

MUC

1

INC

PKX

Munich

2

PDX

Seoul
（Incheon ）

1
1

2
1

SEA

2

HEL

FRA

SeattlePortland

GMP

HelsinkiFrankfurt1

1FinlandGermany

KOA

DFW

Beijing(Daxing)

China

Kona

DTW

PEK

5

7

DallasBeijing（Capital）

CDG

1

Detroit

2

Paris

YYZ
HNL

12

1

FranceTorontoHonolulu

Slots/day

SVO

LHR

1

Code

VVO

LondonSlots/day

YVR

City

Moscow

UK

Code

Seoul
（Gimpo ）Vladivostok

4
1

City
Vancouver

9
1

Jinan

TNA

1

Vietnam

Da Nang City

DAD

Ho Chi Minh City

SGN

1
1
3
4

QingdaoTAO

1Thailand

Bangkok

BKK

Shanghai（Honggjao）

PVG

4

Malaysia

Kuala Lumpur

KUL

Shanghai（Pudong）

SHA

7

Singapore

Singapore

SIN

Guangzhou

CAN

Indonesia

Jakarta

CGK

India

Delhi

DEL

2

Country

City

Code

Slots/day

SydneySYD

4Melbourne

MEL

1

Brisbane

BNE

1

4
4

Shenzhen

SZX

1Hong Kong

HKG

4
1

Taipei（Songshan）

TSA

8

Taipei（Taoyuan）

TPE

2

Australia

2
5
3
2
1

2. Summary of Tokyo International Airport (Haneda)(5) International Rating of the Haneda Airport Passenger Terminal
In an international rating by SKYTRAX, Haneda Airport:“Best Airports in Asia”

First time achievement in Japan“World’s Cleanest Airports”

Ranked 1st for the 6th consecutive year

“World’s Best Domestic Airports”

Ranked 1st for the 9th consecutive year

“World’s Best PRM/Accessible Facilities”

Ranked 1st for the 3rd consecutive year

“COVID-19 Airport Excellence Awards”

First time achievement in Japan“COVID-19 Airport Safety Rating”

Certified with the highest 5-star

Haneda Airport Passenger Terminals have become the award winner for “Best Airports in Asia” of the 2021
World Airport Awards conducted by the UK company, SKYTRAX, being the first airport in Japan to ever receive
this award.
In addition to achieving the “Best Airports in Asia” for the first time, Haneda Airport has also become runner-up
for “World’s Best Airports” category for the 3rd consecutive year. Moreover, Haneda Airport have won the“World’s Cleanest Airports” award for the 6th consecutive year (awarded for the 8th time) praised for its
cleanliness and comfort. In the “World’s Best Domestic Airports” category, Haneda Airport has won the award forthe 9th time consecutively for its convenience and comfort of the domestic facilities. Our initiatives to assist theelderly and passengers with disabilities have been evaluated to be the “World’s Best PRM / Accessible Facilities”
category for the 3rd consecutive year.
In a new award category, Haneda Airport has been rated to be one of the “COVID-19 Airport ExcellenceAwards” as well, for its measures to prevent from COVID-19 infection. Also, Haneda Airport has been certified
with the highest 5-Star COVID-19 Safety Rating.
Haneda Airport plays an important role being a hub airport for both domestic and international flights. As the
spread of the new coronavirus has been prolonged in many countries around the world, our group hopes for afast recovery from COVID-19 pandemic, and we will continue to work together to provide facilities and services
that are convenient, comfortable, and functional, with prioritizing safety for our customers.

51

Notes regarding projections
Items such as plans, targets, policies, strategies, decisions, financial forecasts,
future figures and monetary amounts 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 at the present time. Realizing these items entail
uncertainty and various risks.

This presentation material is not intended to solicit investments. We request
you to make own decision regarding investments.

Contact
Investor Relations Division, Japan Airport Terminal Co., Ltd.
TEL: 03 (5757) 8409
FAX: 03 (5757) 8029
Email: ir@jat-co.com