Second Quarter of FY20

Earnings Presentation Material(November 13, 2020)* 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 FY20
Earnings Presentation Material
1. Review of Consolidated Financial Results for FY20 2Q

3. Progress under the Medium-Term Business Plan

(1) Business EnvironmentP２(1) Progress of Business Strategies

P １３(2) Consolidated Financial ResultsP３(2) Progress of the Guidelines

P １３(3) Quarterly Changes in Haneda Airport Passengers
and Our Financial Results

P

４

4. Operation of the Business under the “New Normal”
2. Consolidated Financial Forecast for FY20
(1) Business EnvironmentP５(2) Consolidated Financial Forecast for FY20P６(3) Consolidated Financial Forecast for FY20
(Amount affected due to consolidation of TIAT)P

７(4) Status of Operating Income (Loss)P８(5) Main Initiatives for the Current Term

P９(6) Status of Selling, Generaland Administrative Expenses

P １０(7) Status of Investment

P １１(8) Status of Funds

P １２(1) Changes in the Business Environment

P １４(2) Direction of Initiatives

P １５(3) Status of Initiatives

P １６

5. Outlook for FY21 Onward〇 About the Situation in FY21 Onward

P １７

Contents
Supplementary Material
1. Details of Consolidated Financial Results for FY20 2Q

Reference Material
1. Outline of Japan Airport Terminal Group(1) Changes in Passenger Volume(Haneda, Narita, Kansai and Chubu Centrair)

P １９(2) Consolidated Financial Results for FY20 2Q

P ２０(1) The company’s position at Haneda Airport(comparison with other major airports in Japan)

P ３７(3) Financial Results by Segment(i) Facilities management

P ２１(2) Business Details

P ３８(ii) Merchandise sales

P ２２(3) Basic Philosophy and Management Policy

P ３９(iii) Food and beverage

P ２３(4) ESG Initiatives

P ４０(4) Breakdown of Selling, General and
Administrative Expenses

P ２４(5) Company History

P ４１(6) Group Companies

P ４２(5) Changes in Non-Operating Income/Expenses
and Extraordinary Income/Loss

P ２５(7) Revenue Composition/Details by Segment,
Composition of sales

P ４３(6) Consolidated Balance Sheets

P ２６(8) Changes in Capital Investment

P ４４(7) Consolidated Statements of Cash Flows

P ２７

P ４５

(8) Capital Expenditure and Depreciation Expenses

P ２８(9) Summary of Tokyo International Air
Terminal Corporation

2. Details of Consolidated Financial Forecast for FY20

2. Summary of Tokyo International Airport (Haneda)(1) Consolidated Financial Forecast for FY20P ２９(1) Location Map

P ４６(2) Forecast of Operating Revenues by Segment

P ３０(2) Comparison of Passenger Volume

P ４７(3) Financial Forecast by Segment(i) Facilities management

P ３１(3) Domestic Destinations and Flights

P ４８(ii) Merchandise sales

P ３２(4) International Destinations and Flights

P ４９(iii) Food and beverage

P ３３(5) International Rating of the Haneda Airport
Passenger Terminal

P ５０

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

P ３４(2) Changes in Operating Revenues/Ordinary
Income/Cash FlowsP ３５

Earnings Presentation Material

Second Quarter of FY20 (FY20 2Q)

１. Review of Consolidated Financial Results for FY20 2Q

２. Consolidated Financial Forecast for FY20
３. Progress under the Medium-Term Business Plan
４. Operation of the Business under the “New Normal”
５. Outlook for FY21 Onward１. Review of Consolidated Financial Results for FY20 2Q(1) Business Environment➢

Business
Environment

➢
➢

➢

➢

Number of
Passengers➢

The global economy, including in Japan, deteriorated substantially due to the new coronavirus (COVID-19) pandemic
In Japan, the declaration of a state of emergency suppressed the outbreak and economic activities resumed in aphased manner
The airline and tourism industries were directly hit by the COVID-19 catastrophe and companies are placing toppriority on business continuity
The government intends to prop up demand with its “Go To Travel” Campaign to stimulate domestic tourism demand

The number of domestic flight passengers fell sharply due to the declaration of a state of emergency and theencouragement to refrain from traveling, but later the number recovered gradually
Although the recovery slightly sputtered due to a resurgence of infections in summer, travel demand improved after thelong holiday period in September
For international flights, restrictions on travelers are enforced on almost all countries and a sharp fall in demand
continues

First-half passenger volumes (YoY comparison)First-half passenger volume
AirportJapan Airport Terminal Co., Ltd.

FY20

FY19

Rate of change(10 thousands)(10 thousands)(%)

Haneda – Domestic

707

3,469

-79.6

Haneda – International

16

934

-98.2

Total Haneda

724

4,403

-83.6

Narita

51

1,862

-97.2

Kansai

5

1,276

-99.5

Chubu Centrair

0

352

-99.9

02

１. Review of Consolidated Financial Results for FY20 2Q(2) Consolidated Financial Results

Overview➢ Significant operating revenues decrease in all segments due to a substantial reduction in passenger volume➢ Significant increase in depreciation expenses due to the impact of large-scale investments that continued until
the previous year
➢ Substantial operating loss despite various cost-cutting measures taken➢ Large quarterly net loss due partly to the impact of impairment loss on fixed assets, write-offs of deferred tax
assets, etc.

Consolidated financial results for FY20 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

22.2

-6.1

135.2

ChangeamountRate ofchange(%)

16.3-112.9-83.5(Facilities management)(

16.4 )( -6.0 )(42.6 )(

11.1 )

-26.1

-61.4

(Merchandise sales)

(

4.6 )

( -0.1 )(82.2 )

(

5.0 )

-77.6

-94.4

(Food and beverage)

(

1.2 )

( 0.0 )(

10.3 )

(

0.1 )

-9.1

-88.1

Operating income (loss)

-32.2

-17.8

11.1

5.4

-43.4

-

Ordinary income (loss)

-30.5

-16.4

10.7

4.2

-41.2

-

-22.8

-10.8

5.9

1.5

-28.8

-

Quarterly net income (loss)
attributable to owners of parent
Japan Airport Terminal Co., Ltd.

03

１. Review of Consolidated Financial Results for FY20 2Q(3) Quarterly Changes in Haneda Airport Passengers
and Our Financial Results
Operating income, 5.8

Operating income, 5.2

Operating income, 4.6(Billions of yen)

➢ Fell into the red due to a sharp
sales decrease
2000➢ Heading for improvement after
bottoming-out in 1Q

60.0

Operating loss, 5.8

Cost of sales

Operating income

Cost of sales

Non-personnel
expenses

Personnel
expenses

Depreciation
expenses

Operating loss

Operating revenues

Domestic flights(10 thousands)
1500

International flights

Domestic flights
40.0

1000

Operating revenues

Operating loss, 14.7
Operating loss, 17.4
Cost of sales
Non-personnel

20.0

Non-personnel

expenses

expenses

International flights

500

Personnel

Personnel

expenses

expenses

Operating revenues

Depreciation

Depreciation

expenses

expenses

0.0

0
Sales

Costs

FY19 1Q
2019年1Q

Japan Airport Terminal Co., Ltd.

Sales

Costs

FY19 2Q
2019年2Q

Sales

Costs

FY19 3Q
2019年3Q

Sales

Costs

FY19 4Q
2019年4Q

04

Sales

Costs

FY20 1Q
2020年1Q

Sales

Costs

FY20 2Q
2020年2Q

２. Consolidated Financial Forecast for FY20
(1) Business Environment
Domestic economy is expected to continue on a recovery trend due to the effects of various policies
The “Go To Travel” Campaign includes travel to and from Tokyo in its scope from October. The
campaign started to introduce regional coupons as well
➢ The progress in bilateral discussions with various countries led to the easing of travel restrictions fortravelers in phases➢

Business
Environment➢

The data created based on the demand forecast made by the International Air Transport Association(IATA) and by considering the characteristics of each airport➢ Domestic flights are expected to gradually recover as effects of “Go To Travel” Campaign become
tangible to 60% of the level before the impact of COVID-19 became serious by the end of March
2021➢ International flights are expected to recover step by step as the restrictions for travelers to travel
between various countries ease to 17% of the level initially planned for after the terminal expansion
by the end of March 2021➢

Number of
Passengers

The number of passengers forecast for FY20 (YoY comparison)

Airport

FY20 1H

FY20 2H

FY20

(%)

(%)

(%)

Assumed passenger volume at Haneda(Domestic flights: Comparison with before COVID-19
impact; International flights: Comparison with initial plan)

FY20
forecasts（％）(10 thousands)

60

Haneda – Domestic

-79.6

-45.9

-63.9

2,340

Haneda – International

-98.2

-84.2

-92.0

135

Total Haneda

-83.6

-53.5

-69.7

2,476

Narita

-97.2

-89.8

-93.9

209

Kansai

-99.5

-96.1

-98.1

41

Chubu Centrair

-99.9

-98.6

-99.3

4

60 %

40

Domestic flights

17 %

20

International flights
0
April

May

June

July

AugustSeptember

OctoberNovember December

January

February

March*Before COVID-19 impact = Results for previous year up to Jan.
+ Revised forecasts for Feb.-Mar. previous year
Japan Airport Terminal Co., Ltd.

05

２. Consolidated Financial Forecast for FY20(2) Consolidated Financial Forecast for FY20➢➢

Overview➢➢

Operating revenues are forecast to continue to recover with domestic passenger related sales, but
decrease substantially overall
Substantial operating loss is anticipated despite continuing cost-cutting efforts
Our efforts to minimize the amount of cash outflow, including cutting capital spending, will continue
The interim dividend will be eliminated to maintain cash balance and year-end dividend payment will
depend on the circumstances regarding the recovery[Our basic policy on shareholder return (stable and continuous dividend payments) remains unchanged]

Consolidated financial forecast for FY20

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

FY20 1H
Items

Operating revenues
Operating income(loss)
Ordinary income(loss)Net income (loss) attributableto owners of parent

Dividend
Payout ratio

Japan Airport Terminal Co., Ltd.

FY19 1H

Results

results

FY20 2H
ChangeForecasts

FY19 2H
results

FY20
ChangeForecasts

FY19
results

Change

22.2

135.2

-112.9

38.7

114.4

-75.7

61.0

249.7

-188.7

-32.2

11.1

-43.4

-25.7

-1.2

-24.4

-58.0

9.8

-67.8

-30.5

10.7

-41.2

-24.9

-2.0

-22.9

-55.5

8.7

-64.2

-22.8

5.9

-28.8

-12.1

-0.9

-11.1

-35.0

5.0

-40.0

¥0.0

¥22.0

-

¥10.0

-

¥32.0

-

30.1%

-

51.9%

Capital expenditures

13.0

72.6

Depreciation expenses

34.5

27.8

EBITDA

-23.5

37.6

06

２. Consolidated Financial Forecast for FY20(3) Consolidated Financial Forecast for FY20
(Amount affected due to consolidation of TIAT)➢

Overview➢➢

International flight departures and arrivals at Haneda increased by approx. 1.4 times (Ave. flights per day: 120 to 170) at
the end of March this year
We steadily prepared for the expansion of flight departures and arrivals and expected an increase in both operating
revenue and income because of increased international flight passenger volume despite an increase in operating
expenses for this year according to the initial plan
Faced with the COVID-19 catastrophe, however, we reported an operating loss due to a significant drop in operating
revenues accompanied by large depreciation expenses, etc.

Consolidated financial forecast for FY20

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

FY20

Items

Previous
Forecasts

Amount affectedfiscal year

due to TIAT

results

consolidation

61.0

Operating revenues-10.7

Rate ofAmount affected
due to TIAT

Change(%)

consolidation

249.7

24.2

(Facilities management)

(

37.8)

(

-10.9)

(

82.9)

(

16.3)

(Merchandise sales)

(

19.3)

(

0.2)

(

147.8)(

7.7)(Food and beverage)

(

3.9)

(

0.0)

(

18.9)

(

0.1)

change(((-188.7-75.6-45.1)-54.4-128.5)-87.0-15.0)-79.4

Operating income (loss)

-58.0

-38.4

9.8

4.9

-67.8

-

Ordinary income (loss)

-55.5

-35.5

8.7

2.4

-64.2

-

Net income (loss) attributable

-35.0

-19.6

5.0

0.7

-40.0

-

to owners of parent
Japan Airport Terminal Co., Ltd.

07

２. Consolidated Financial Forecast for FY20
(4) Status of Operating Income (Loss)
Number of Haneda international flights
120 flights perday

1.4 times increase inflight departures andarrivals

170 flights perday➢ Enormous impact on operating income
with a decrease due to a marked decline
in passenger volume➢ Impact mitigated by approx. 30%
through cost cutting
Impact of
COVID-19

Approx. 10
flights per day*Current (Oct.) average

Effect of COVID-19
in previous year

Benefits fromexpansion of Haneda
international terminal(Billions of yen)

Effect of
decline inpassenger
volume(FY19 results)(Initial plan)

Operating income (loss)

Cost-cutting
effects

Increase factor

Decrease factor

Japan Airport Terminal Co., Ltd.

(FY 20 forecasts)

08

２. Consolidated Financial Forecast for FY20(5) Main Initiatives for the Current TermBusiness
Operation

Prevention of
Spread ofInfectious
DiseaseFlexibly and efficiently re-arranging personnel by closing facilities and reviewing required
personnel to the extent convenience will not be impaired according to passenger trends➢ Working with airline companies and resident tenants (rent reductions or exemptions)➢

Ensuring various actions in accordance with the guidelines for preventing the spread of
COVID-19(*)➢ Actively introducing technologies for noncontact and non-face-to-face practices(FAST TRAVEL, One ID, business robot, payment service, etc.)➢

Setting a short-term line of credit of 20 billion yen through financing with a 5 billion-yen
long-term loan
➢ Utilization of the government’s measures (applying for a moratorium on the national
property usage fee, receiving an employment adjustment subsidy)➢ Planning for a flexible response in the event of the prolonged impact of the sales todecrease➢

Ensuring CashBalance

Initiatives for
Cost Reduction

Initiatives for
Revenue
Generation

Promotion of reducing outsourcing costs and turning to insourcing
Reduction of fixed expenses (directors’ remuneration, employees’ bonuses, etc.)➢ Cutting capital spending and reducing depreciation expenses➢➢

Promotion and strengthening of domestic and borderless EC businesses
Strengthen distribution services (rollout and expansion of sales of products, etc. adopted
at Haneda Airport to other airports)➢ Expanding opportunities for advertising revenues (increasing advertising boards)➢➢*“Guidelines for Preventing the Spread of COVID-19 in the Aviation Field” (jointly prepared by the Scheduled Airlines Association of Japan and the All Japan Airport Terminal Association)

Japan Airport Terminal Co., Ltd.

09

２. Consolidated Financial Forecast for FY20
(6) Status of Selling, General and Administrative Expenses
Number of Haneda international flights
1.4 times increase inflight departures andarrivals

120 flights per
day*Current (Oct.) average
170 flights perday

Impact of
COVID-19

Approx. 10
flights per day(Initial plan)
140.0 billion yen(FY19 results)
125.2 billion yen-40.0 billion yen

Non-personnel

Non-personnel

Increase in expenses due toexpansion of internationalterminal

expenses
77.7(Non-personnel expenses)
Increase in facility
maintenance andmanagement cost, etc. due
to terminal expansion

expenses
24.3

Depreciation
expenses
27.8

27.0

Depreciation(Depreciation expenses)
Increase due tolarge-scale investments➢ Turning to insourcing of outsourcedwork

Non-personnel
expenses
44.2

Personnel
expenses
expenses(Personnel expenses)
Increase due to increased
personnel, etc.

(FY 20 forecasts)
100.0 billion yen➢ Reduction of nonessential or
nonurgent expenses

Personnel
Personnel

Non-personnel
expenses➢ Increasing efficiency throughreviewing of work

expenses
73.1(Comparison w/
initial plan)

expenses
35.3➢ Reduction of directors’ remuneration,etc.
➢ Reduction of employees’ bonuses(maintain employment)➢ Reduction of extra pay

Depreciation
expenses

Personnel
expenses
21.3

Depreciation➢ Reduction by cutting capitalspending

Further promoting cost structure reform efforts for lasting cost reduction effects
Japan Airport Terminal Co., Ltd.

10expenses
34.5

２. Consolidated Financial Forecast for FY20
(7) Status of Investment(Billions of yen)

Strategic Pillar
Pursue 'Vision' for Haneda
Airport

FY 20

Initial plan

forecasts

16.0

8.0

1.0

1.0

7.0

4.0

Expand Business Domainsthat Leverage Strengths andDiversify Earnings
Redevelop Earnings Base andEstablish Competitive Position
Realignment andEnhancement ofOrganization, Human Capital

1.0(Comparison w/
initial plan)and Governance

Total

0.0

25.0

-12.0 billion yen(Main investments)

FAST TRAVEL, One ID

3.0 billion yen

Store renovation, etc.

3.0 billion yen

Security inspection
equipment

1.0 billion yen

Safety measures

1.0 billion yen

Construction of new
recycling building

0.4 billion yen

13.0

Steadily making investment for future while reducing routine investments
Japan Airport Terminal Co., Ltd.

11

２. Consolidated Financial Forecast for FY20
(8) Status of Funds
Cash flow estimated at the end of March 2021
(Billions of yen)

Borrowing of
5 billion yen in 1H
for COVID-19 measures

Available Funds (End of year)

Cash and deposits balance(end of year)

End ofMarch
2020

End ofMarch
2021

50.0 billion yen+ Short-term line of credit(new setting)20.0 billion yen+ Existing commitment line

9.0 billion yen

Total

79.0 billion yen

No issue with up-coming funds, with a flexible response in the event of the
prolonged impact of the sales decrease
Japan Airport Terminal Co., Ltd.

12

３. Progress under the Medium-Term Business Plan

(1) Progress of Business Strategies“To Be a World Best Airport 2020”“Create business and earnings opportunities in pursuit of our‘Vision’ for Haneda Airport and redevelop earnings base bystaking out a competitive position”

Three Core Strategies
Expand Business Domains that
Leverage Strengths andDiversify Earnings• Promotion of Urban Duty-Free Stores• Participation in the operations of
Kumamoto Airport, Palau Airport, etc.
• Promotion of business in Zone 1 at former
Haneda site

Pursue our ‘Vision’for Haneda Airport• Completion of Haneda internationalization
construction• Promotion and strengthening of EC
business• Promotion of FAST TRAVEL and One ID• Store renovation at Haneda and Narita
Airports• Earning of SKYTRAX's 5 Star Airports
rating for a sixth consecutive year

Comprehensive
Profitability
Stability

returns
Japan Airport Terminal Co., Ltd.

Stores closed from Apr. 1-Jun. 14 to prevent the spread of
COVID-19
Taxable sales started on Jun. 15 in an attempt to capture generalcustomers

ROA (EBITDA): 12％

Equity ratio: Aim for stable levels assoon as possible

Growth potential SKYTRAX evaluation ranking: TOP3
Shareholder

Full-year forecast for FY2020: 0.7 billion yen in operating
revenues; 1.1 billion yen in operating loss

Indicator

Operating income ratio: 8％• Construction of new recycling building* Urban duty-free stores(2) Progress of the Guidelines
Indicator type

Redevelop Earnings Base andEstablish Competitive Position

The business environment
has changed due to theimpact of COVID-19, which
led to a change in the initial
preconditions

Payout ratio: More than 30%

13

We must shift ourbusiness operations to
support the “newnormal”

４. Operation of the Business under the “New Normal”(1) Changes in the Business Environment
Prolonged COVID-19 Pandemic

Changes across all society➢➢➢

Impact on airline demand

Importance of social distancing➢

Promotion of technologies for noncontact andnon-face-to-face practices➢

Progress across a diverse range of digitization➢➢

Spread of remote work➢

Thriving online shopping➢

Slowdown in international flights over several
years forecast
Potential increase in business jet flights
Potential decrease in demand from businesstravelersPotential increase in passenger volume due toworkcation and migration to rural areas

Even under the changing business environment, we aim to build astructure that allows us to operate the business flexibly and stably

Japan Airport Terminal Co., Ltd.

14

４. Operation of the Business under the “New Normal”(2) Direction of Initiatives

Terminal operation

Establishment of
absolute safety
Crime prevention

Disaster prevention

Infectious disease
prevention

Strengthen IT

Continued
investment

Thoroughcountermeasures

Pursuit of flexibility andimproved efficiency

Diversifying revenue
stream•Review of maintenance andmanagement cost (optimization)•

Introduction of advanced technologies
including robotics•

Promotion of FAST TRAVEL, etc.

Structural reforms

Cost structure reforms
Efficient use of personnel➢ Multi-tasking➢ Review of the groupstructure• Maintain and continue cost
optimization

Strengthen marketing forenhanced customer-driven
management• Strengthen EC business• Strengthen the distribution
business••

Building a resilient corporate structure that allows us to operate the business stably
Japan Airport Terminal Co., Ltd.

15

４. Operation of the Business under the “New Normal”(3) Status of Initiatives
・Promotion of FAST TRAVEL, etc.

・Strengthen the distribution businessJapan Airport Terminal Co., Ltd.

・Introduction of a robot supporting the new lifestyle・Strengthen the EC business16

・Development of special business jet
facilities

５. Outlook for FY21 Onward〇 About the Situation in FY21 Onward➢

Timing of recovery in airline demand・According to IATA’s forecasts: 2022 for domestic flights and 2024 for international flights (Time torecover to the 2019 level)⇒ We expect Haneda Airport will recover at an earlier time than IATA’s forecast➢ Domestic flights will recover to the level before the impact of COVID-19 in spring 2022
➢ International flights will recover to the level planned for after the expansion of flightdepartures and arrivals in mid-2023➢

Our operating earnings before depreciation (EBITDA) are forecast to turn positive as early as the
beginning of the next year

Continue cost cutting, take measures for increased operating revenue and income,and implement initiatives according to the standards for priority judgment➢ Continue services related to air transportation andsafety➢ Respond to the government’s airport development
projects➢ Maintain employment➢ Select new businesses with high probability
for improved revenue

We aim to return the company to profitability at an early stage while fulfilling
our responsibility as a terminal management company
Japan Airport Terminal Co., Ltd.

17

Earnings Explanatory Meeting
Second Quarter of FY20

Supplementary Material
1. Details of Consolidated Financial Results for FY20 2Q
2. Details of Consolidated Financial Forecast for FY20
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 FY20 2Q(1) Changes in Passenger Volume (Haneda, Narita, Kansai and Chubu Centrair)(Thousand passengers)(Thousand passengers)
70,000

Haneda Airport – domestic flights

20 ,000

64,883

Haneda Airport – international flights

16,823(-3.6％ ）64,24260,00066,412

67,323(-7.4％ ）15,64262,553

17,12013,434

15 ,000

18,164

FY20 forecast -63.9%
50,000

1H results - down 79.6％
2H forecast - down 45.9％

FY20 forecast -92.0%

10 ,000

1H results - down 98.2％
2H forecast - down 84.2％

40,0005, 00030,0001,350

23,409(-63.9％ ）(-92.0％ ）

2014

2015

2016

2017

2018

2019

20 14

2020

← Results

20 15

20 16

20 17

20 18

20 19

← Results

Forecast →20 20

Forecast →(Thousand passengers)(Thousand passengers)

40,000FY

0FY

20,00030,000

Narita Airport – international flights(-5.2％ ）30,00031,05532,41033,479Kansai Airport – international flights
FY20 forecast -98.1%

34,0181H results - down 99.5％
2H forecast - down 96.1％

35,87019,151

20,00017,27522,061(-3.6％ ）22,896
21,905

FY20 forecast -93.9%
20,000Chubu Centrair Airport– international flights

1H results - down 97.2％
2H forecast - down 89.8％

FY20 forecast -99.3%

10,00010,000

4,900

5,234

5,564

6,100

6,198

（＋1.6％ ）(-98.1％ ）2,091

1H results - down 99.9％
2H forecast - down 98.6％(-93.9％ ）
FY

0

2014

2015

2016

2017

2018

2019
← Results(-99.3％ ）

40

FY

0

2020
Forecast →

2014

19

418

2015

2016

2017

2018

2019

← Results

2020

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 FY20 2Q(2) Consolidated Financial Results for FY20 2Q
FY20 2Q (Results)
Items
Ratio
Millions of yen

FY19 2Q (Results)

Amount affected due to

Ratio

TIAT consolidation

Amount affected due toChangeRate of
ChangeTIAT consolidation

Millions of yen

Millions of yen

Millions of yen

Millions of yen％

22,293100.0-6,171

135,270

100.0

16,316-112,976-83.5

Facilities management

16,44873.8-6,00542,64531.5

11,150-26,196-61.4

Merchandise sales

4,607

20.7

-166

82,234

60.8

5,063

-77,627-94.4

Food and beverage

1,237

5.5

0

10,3897.7

102-9,151

-88.1

5,077

22.8

63,222

46.7-58,144

-92.0

3,586

16.1

57,68942.6-54,102-93.8

Operating revenues

Cost of sales
Cost of sales of merchandise(Ratio)(77.9％)

Cost of sales of food and beverage

1,491(Ratio)( 120.4％)

Gross profit
Selling, general andadministrative expenses

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

70.2％)

5,532

6.7
(

( 7.7P)-4,041

4.1

53.3％)-73.1( 67.1P)

17,21677.2

72,04853.3-54,832-76.1

49,482221.9

60,891

45.1-11,409-18.7-32,266-144.7

11,156

8.2-43,422

-

1,760

7.9

-427

-0.3

2,188

-

-30,506-136.8

10,7287.9-41,234--1,021

-4.6

137

0.1

-1,158--22,879-102.6

5,945

4.4-28,825--17,834-16,463-10,826

5,409
4,219

1,522

* Ratio: Cost of sales of merchandise / Operating revenues of merchandise
Ratio: Cost of sales of food and beverage / Operating revenues of food and beverage

20

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

1. Details of Consolidated Financial Results for FY20 2Q(3) Financial Results by Segment(i) Facilities management
FY20 2Q (Results)
Items
Ratio

FY19 2Q (Results)

Amount affected due

Ratio

to TIAT consolidation

Amount affected due

ChangeRate of
Changeto TIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Rent revenues

7,974

46.3

-2,962

9,024

19.9

2,048

-1,049-11.6

Facility user charges revenues

3,021

17.5

365

22,26949.2

12,468-19,248-86.4

Other revenues

5,452

31.6

-3,408

11,35125.0-3,365-5,898-52.0

Subtotal

16,44895.4-6,00542,645

94.1

11,150-26,196

-61.4

791

4.6

406

2,653

5.9

1,780

-1,861-70.1

17,240100.0-5,59845,298100.0

12,931-28,057-61.9

Operating expenses

37,727218.8

10,41337,836

83.5

8,319

-109

-0.3

Operating income-20,486 -118.8-16,012

7,462

16.5

4,612

-27,948--( -135.3P)

Sales to external customers

Intersegment sales
Total(Ratio)(・Rent revenues:

・Facility user charges revenues:
・Other revenues:-118.8％)-(

16.5％)

Decrease in revenue from leased space due to rent reductions or exemptions
in domestic terminal
Decrease in revenue from leased space due to rent reductions or exemptionsin international terminal
Decrease in fees for use of passenger facilities for international flights
Decrease in fees for use of passenger facilities for domestic flights
Decrease in revenue from parking fees, paid airport lounges , advertising fees, etc.
for domestic terminal
Decrease in revenue from parking fees, paid airport lounges, advertising fees, etc.
for international terminal.

21-

0.6 billion- 0.3 billion- 10.5 billion- 7.1 billion-

2.4 billion-

2.9 billion

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

1. Details of Consolidated Financial Results for FY20 2Q(3) Financial Results by Segment(ii) Merchandise sales
FY20 2Q (Results)
Items
Ratio

FY19 2Q (Results)

Amount affected due

Ratio

to TIAT consolidation

Amount affected due

ChangeRate of
Changeto TIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Domestic terminal stores

3,040

61.1

-

17,946

21.7--14,906-83.1

International terminal stores

723

14.5

183

47,48957.4

30,006-46,766-98.5

Other sales

843

17.0

-350

16,79820.3-24,943-15,955

-95.0

4,607

92.6

-166

82,234

99.4

5,063

-77,627

-94.4

370

7.4

288

488

0.6

47

-118

-24.3

4,977

100.0

121

82,723

100.0

5,110

-77,746-94.0

Operating expenses

10,741215.8

922

75,292

91.0

3,290

-64,551-85.7

Operating income-5,764 -115.8

-801

7,430

9.0

1,819

-13,195--( 9.0％)-( -124.8P)

Sales to external customers

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

・Other sales:( -115.8％)

Decrease in sales of directly managed stores, etc. at Haneda domestic terminal
Decrease in sales of directly managed stores, etc. at Haneda international terminal
Decrease in sales of directly managed stores at Narita Airport
Decrease in sales of urban duty-free stores
Decrease in wholesale sales to regional airports
Decrease in wholesale sales to Chubu Centrair Airport

22- 14.1 billion- 32.6 billion- 8.2 billion- 4.0 billion- 11.2 billion- 2.7 billion

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

1. Details of Consolidated Financial Results for FY20 2Q(3) Financial Results by Segment(iii) Food and beverage
FY20 2Q (Results)
Items
Ratio

FY19 2Q (Results)

Amount affected due

Ratio

to TIAT consolidation

Amount affected due

ChangeRate of
Changeto TIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Sales from restaurants

938

52.5

69

6,448

55.2

1,599

-5,510-85.4

Sales from in-flight meals

167

9.4

-

3,498

29.9

-

-3,331-95.2

Other sales

131

7.4

-68

442

3.8

-1,496

-310

-70.2

1,237

69.3

0

10,38988.9102-9,151

-88.1

548

30.7

-

1,293

11.1

-

-745

-57.6

1,786

100.0

0

11,683100.0

102-9,897-84.7

Operating expenses

4,179

234.0

76

11,152

95.5

108-6,972-62.5

Operating income-2,393 -134.0

-76

531

4.5

-5

-2,924--( 4.5％)-( -138.5P)

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)・Sales from restaurants:
・Sales from in-flight meals:( -134.0％)

Decrease in sales at domestic flight restaurants
Decrease in sales at international flight restaurants
Decrease in sales to client airlines

23- 3.7 billion- 1.5 billion- 3.3 billion

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

1. Details of Consolidated Financial Results for FY20 2Q(4) Breakdown of Selling, General and Administrative Expenses
Items

FY20 2Q

FY19 2Q(Results)(Results)
Ratio

Rate of

ChangechangeRatio

Millions of yen％

Millions of yen％

Millions of yen％

Operating revenues

22,293100.0

135,270

100.0-112,976-83.5

Selling, general and administrative

49,482221.9

60,891

45.0-11,409

-18.7

5,351

24.0

5,746

4.2

-395

-6.9

Provision for employees' bonuses

913

4.1

1,692

1.3

-779

-46.1

Provision for directors' bonuses

-

-

121

0.1

-121

-100.0

Expenses for retirement benefits

489

2.2

449

0.3

40

9.0

Rent expenses

5,846

26.2

8,386

6.2

-2,540-30.3

Business consignment expenses

6,717

30.1

13,51810.0-6,801-50.3

Depreciation expenses

17,19677.1

12,827

9.5

4,369

34.1

Other costs and expenses

12,96758.2

18,14813.4-5,180-28.5

expenses

Salaries and wages

24

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

1. Details of Consolidated Financial Results for FY20 2Q(5) Changes in Non-Operating Income/Expenses and Extraordinary Income/Loss
Items

FY20 2Q

FY19 2Q(Results)(Results)
Ratio

ChangeRate of Change

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Operating revenues

22,293100.0

135,270

100.0-112,976-83.5

Operating income-32,266-144.7

11,156

8.2-43,422

-

4,745

21.3

1,223

0.9

3,521

287.8

2,582

11.6

267

0.2

2,314

865.6

-

-

162

0.1

-162

-

2,163

9.7

794

0.6

1,369

172.4

Non-operationg expenses

2,984

13.4

1,651

1.2

1,333

80.8

Interest expenses

1,149

5.2

1,462

1.1

-313

-21.4

1,514

6.8

-

-

1,514

-

321

1.4

188

0.1

132

70.3

Ordinary income/loss-30,506-136.8

10,7287.9-41,234-

Extraordinary income

3,902

17.5

181

0.1

3,720

-

Extraordinary loss

4,923

22.1

44

0.0

4,879

-

Income taxes

2,509

11.3

3,346

2.5

-837

-25.0

-22,879-102.6

5,945

4.4-28,825-

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

OthersLoss on investment by
the equity method

Miscellaneous expenses

Net income attributable toowner's of parent

25

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

1. Details of Consolidated Financial Results for FY20 2Q(6) Consolidated Balance Sheets(Millions of yen)

Cash and deposit- 3.9 billion
Account receivables - 5.0 billion
Others-15.0 billion

64,32790,047

Current
assets-24,201

114,248

255,136- 0.8 billion

Investments and other assets
Investment securities- 1.4 billion
Deferred tax assets+ 2.0 billion

391,014- 2.1 billion+ 2.4 billion- 1.1 billion-25.5 billion

37,338Long-term loans payable +20.1 billion
Deferred tax liabilities+ 3.9 billion
Others+ 3.1 billion

Tangible fixed assets (depreciable assets)
Buildings, etc.
＋3.1 billion
Accumulated depreciation -16.0 billion
Construction in progress- 2.0 billion
Intangible fixed assets

Current
liabilities-26,989

Accounts payable
Short-term borrowings
Income taxes payable
OthersFixedliabilities+27,012282,148
Fixed
assets-16,100
Retained earnings
Accumulated othercomprehensive income
Non-controlling interest

407,114-23.6 billion- 2.7 billion-13.9 billion

Equity ratio
FY2020.2Q 28.3％

201,899
161,574

Total assets 481,061
FY20

FY2019Net
assets-40,324

Total assets 521,363
FY19

FY19

26

31.2％
（ - 2.9Ｐ）

FY20
Note: Figures shown are rounded down to the nearest million yen.

1. Details of Consolidated Financial Results for FY20 2Q(7) Consolidated Statements of Cash Flows
Items

FY20 2Q

FY19 2Q(Results)(Results)

ChangeMillions of yen

Millions of yen

Millions of yen-1,032

13,188-14,221

Income before income taxes and minority interests-31,527

10,866-42,393

Depreciation and amortization

17,243

12,874

4,369

Other current assets

13,595-2,508

16,104

Other current liabilities-1,709-2,766

1,057

Other fixed liabilities

-51

-15

-36

Others505-1,358

1,863

Proceeds from subsidy income

1,627

-

1,627

Income and other taxes paid

-715

-3,902

3,187

Cash flows from investing activites-25,416-13,978-11,437-28,534-11,180-17,353

Purchase of intangible fixed assets

-913

-362

-551

Others

4,032-2,435

6,467

22,609-8,32630,936

300

-

300

22,461-6,41028,871Dividends payment-812-1,787974

Others

659

-129

789

Effect of exchange rate change on cash and cash equivalents

-5

-16

10

Increase (decrease) in cash and cash equivalents-3,845-9,133

5,288

Cash and cash equivalents at beginning of period

71,79587,273-15,477

Cash and cash equivalents at end of period

67,95078,139-10,189

Cash flows from operating activites

Purchase of tangible fixed assets

Cash flows from financing activites
Short-term borrowings
Long-term loans payable27

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

1. Details of Consolidated Financial Results for FY20 2Q(8) Capital Expenditure and Depreciation Expenses
FY15 2Q

FY16 2Q

FY17 2Q

FY18 2Q

FY19 2Q

FY20 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

1,591

3,548

5,284

24,706

6,243

5,110

Depreciation expenses

5,525

5,714

5,233

11,99812,827

17,196

Items

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

• Breakdown of major capital expenditures
FY20 2Q (Results)
Building 2 ITV camera upgrade¥0.5 billion

Building 2 repair of specific ceilings¥0.3 billion

Building 1 PBB upgrade¥0.2 billion(TIAT investments¥2.6 billion)• Breakdown of main depreciation expenses

FY15 2Q

FY16 2Q

FY17 2Q

FY18 2Q

FY19 2Q

FY20 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

1,900

2,100

2,100

1,800

2,200

2,200

Terminal 2

2,200

2,000

1,900

1,900

2,400

5,800

P4 Parking

200

100

100

100

300

300

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

28

2. Details of Consolidated Financial Forecast for FY20
(1) Consolidated Financial Forecast for FY20
FY20 (Forecast)
Items
Ratio

FY19 (Results)

Amount affected due

Amount affected due toRatio

to TIAT consolidation

ChangeRate of
ChangeTIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Operating revenues

61,000100.0-10,700

249,756

100.0

24,279-188,756-75.6

Facilities management

37,80062.0-10,900

82,94233.2

16,372-45,142-54.4

Merchandise sales

19,30031.6

200147,893

59.2

7,723

-128,593

-87.0

-

183

Food and beverage
Cost of sales

3,900

6.4

18,920

7.6-15,020-79.4

19,00031.2

114,62545.9-95,625-83.4

15,30025.1

104,28841.8-88,988

-85.3

4.1

-6,636

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

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

79.3％)(

3,700

Cost of sales of food and beverage(

70.5％)

10,3366.1

94.9％)(( 8.8P)

54.6％)-64.2( 40.3P)

42,00068.9

135,13054.1-93,130-68.9

100,000

163.9

125,23850.1-25,238-20.2-58,000-95.1-67,892

-

2,500

4.1

3,686

-

-55,500-91.0-64,205

-

2,500

4.1

2,596

-

-35,000-57.4-40,012-* Preconditions: Forecast of number of passengers
Haneda domestic (full-year)- 63.9% YoY

Haneda international (full-year)- 92.0% YoY

Narita international (full-year)- 93.9% YoY

Kansai international (full-year)- 98.1% YoY

Central Japan international (full-year)- 99.3% YoY-38,400-35,500-19,600

9,892

4.0

-1,186

-0.5

8,705

3.5

-96

0.0

5,012

2.0

4,992
2,402

730

* 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

29

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

2. Details of Consolidated Financial Forecast for FY20(2) Forecast of Operating Revenues by Segment
Full Year
Items

AmountFY20(Forecast)affected due to
TIATAmountFY19(Results)

consolidation

affected due toChangeTIAT

Rate of
Change (%)

consolidation

37,800-10,900

82,942

16,372-45,142-54.4

16,700-5,30018,2593,970-1,559

-8.5

9,600

2,000

41,01922,611-31,419-76.6

Other revenues

11,500-7,60023,662-10,209-12,162-51.4

Merchandise sales

19,300200

147,893

7,723-128,593-87.0

11,600-33,148--21,548-65.0

International terminal stores

4,600

2,200

84,42053,171-79,820-94.6

Other sales

3,100-2,00030,323-45,447-27,223

-89.8

3,900

-

18,920183-15,020-79.4

Sales from restaurants

2,900

100

11,514

2,915-8,614-74.8

Sales from in-flight meals

400

-

6,543

-

-6,143-93.9

Other sales

600

-100

863

-2,731

-263

-30.5

Facilities management
Rent revenues
Facility user charges revenues

Domestic terminal stores

Food and beverage

30

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

2. Details of Consolidated Financial Forecast for FY20(3) Financial Forecast by Segment(i) Facilities management
FY20 (Forecast)
Items
Ratio

FY19 (Results)

Amount affected due

Ratio

to TIAT consolidation

Amount affected due

ChangeRate of
Changeto TIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

16,70042.3-5,30018,259

20.6

3,970

-1,559

-8.5

9,600

24.3

2,000

41,01946.3

22,611-31,419-76.6

Other revenues

11,50029.1-7,60023,662

26.7-10,209-12,162-51.4

Subtotal

37,80095.7-10,900

82,942

93.6

16,372-45,142

-54.4

1,700

4.3

600

5,697

6.4

4,021

-3,997-70.2

39,500100.0-10,300

88,640100.0

20,393-49,140-55.4

Operating expenses

76,200192.9

18,40081,70792.2

15,142-5,507-6.7

Operating income-36,700-92.9-28,700

6,932

7.8

5,251

-43,632--( -100.7P)

Sales to external customers

Rent revenues
Facility user charges revenues

Intersegment sales
Total(Ratio)(・Rent revenues:

・Facility user charges revenues:
・Other revenues:-92.9％)

-

(

7.8％)

Decrease in revenue from leased space due to rent reductions or exemptions
in domestic terminal
Decrease in revenue from leased space due to rent reductions or exemptionsin international terminal
Decrease in fees for use of passenger facilities for international flights
Decrease in fees for use of passenger facilities for domestic flights
Decrease in revenue from parking fees, paid airport lounges , advertising fees, etc.
for domestic terminal
Decrease in revenue from parking fees, paid airport lounges, advertising fees, etc.
for international terminal.

31-

1.3 billion- 0.6 billion- 17.9 billion- 10.7 billion-

3.8 billion-

5.2 billion

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

2. Details of Consolidated Financial Forecast for FY20(3) Financial Forecast by Segment(ii) Merchandise sales
FY20 (Forecast)
Items
Ratio

FY19 (Results)

Amount affected due

Ratio

to TIAT consolidation

Amount affected due

ChangeRate of
Changeto TIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Domestic terminal stores

11,60057.4-

33,14822.2--21,548-65.0

International terminal stores

4,600

22.8

2,200

84,42056.6

53,171-79,820-94.6

Other sales

3,100

15.3

-2,00030,323

20.3-45,447-27,223-89.8

19,30095.5

200147,893

99.1

7,723

-128,593

-87.0

900

4.5

700

1,378

0.9

539

-478

-34.7

20,200100.0

900

149,272

100.0

8,263

-129,072-86.5

Operating expenses

30,200

149.5

3,600

138,448

92.7

6,472

-108,248-78.2

Operating income-10,000-49.5-2,70010,8237.3

1,790-20,823--( -56.8P)

Sales to external customers

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

・Other sales:( -49.5％)

-

(

7.3％)

Decrease in sales of directly managed stores, etc. at Haneda domestic terminal
Decrease in sales of directly managed stores, etc. at Haneda international terminal
Decrease in sales of directly managed stores at Narita Airport
Decrease in sales of urban duty-free stores
Decrease in wholesale sales to regional airports
Decrease in wholesale sales to Chubu Centrair Airport

32- 20.2 billion- 56.7 billion- 14.3 billion- 5.9 billion- 19.3 billion- 4.6 billion

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

2. Details of Consolidated Financial Forecast for FY20(3) Financial Forecast by Segment(iii) Food and beverage

FY20 (Forecast)
Items
Ratio

FY19 (Results)

Amount affected due

Ratio

to TIAT consolidation

Amount affected due

ChangeRate of
Changeto TIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Sales from restaurants

2,900

59.2

100

11,514

53.4

2,915

-8,614-74.8

Sales from in-flight meals

400

8.2

-

6,543

30.4

-

-6,143-93.9

Other sales

600

12.2

-100

863

4.0

-2,731

-263

-30.5

3,900

79.6

-

18,92087.8

183-15,020

-79.4

1,000

20.4

-

2,641

12.2

-

-1,641

-62.1

4,900

100.0

-

21,561100.0

183-16,661-77.3

Operating expenses

9,200

187.8

200

21,11097.9

228-11,910-56.4

Operating income-4,300

-87.8

-200

451

2.1

-44

-4,751--( -89.9P)

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)・Sales from restaurants:
・Sales from in-flight meals:( -87.8％)

-

(

2.1％)

Decrease in sales at domestic flight restaurants
Decrease in sales at international flight restaurants
Decrease in sales to client airlines

33- 5.4 billion- 2.7 billion- 6.1 billion

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

3. Other Information(1) Capital Expenditure and Depreciation Expenses
FY15(Results)

FY16(Results)

FY17(Results)

FY18(Results)

FY19(Results)

FY20(Forecast)Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Capital expenditure

8,379

6,853

27,88557,55972,61313,000Depreciation expenses

11,232

11,60910,806

24,63427,80734,500Items

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

• Breakdown of Major Capital Expenditures
FY19 (Results)

FY20 (Forecast)

Building 2 internationalization construction¥27.0 billion

Repair and upgrade of various equipment and facilities¥3.5 billion

Building 2 PBB upgrade¥2.9 billion

Acquisition and improvement of training facilities¥2.0 billion

Upgrade of crime prevention/disaster-readiness equipment¥1.9 billion

Building 1 renovation¥1.4 billion(TIAT investment amount¥30.0 billion)

Repair and upgrade of various equipment and facilities¥1.0 billion

Upgrade of crime prevention/disaster-readiness equipment¥1.0 billion

Store renovation work, etc.

¥1.0 billion

Construction of new recycling building¥0.4 billion(TIAT investment plan

¥8.0 billion)

・Breakdown of main depreciation expenses
FY15(Results)

FY16(Results)

FY17(Results)

FY18(Results)

FY19(Results)

FY20(Forecast)Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Terminal 1

4,000

4,400

4,300

4,100

4,700

4,500

Terminal 2

4,400

4,100

3,800

3,800

5,900

11,800P4 Parking

400

300

300

300

700

600

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

【Reference】TIAT (non-consolidated)
FY15(Results)

FY16(Results)

FY17(Results)

FY18(Results)

FY19(Results)

FY20(Forecast)Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Capital expenditure

2,551

3,796

14,38214,80529,9988,000

Depreciation expenses

10,202

9,748

9,492

9,597

10,206

11,40034

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

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

2,000

1,500

Haneda Airport Terminal 2
started operation (Dec. 2004)

Haneda Airport Terminal 1
started operation (Sep. 1993)

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

COVID-19 pandemic

Chubu International
Airport opened

SARS outbreakY2K task

Financial realignment

Kansai International
Airport opened

2,500Great 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)

Narita Airport Terminal 2
started operation

3,000(left) Operating revenues (results)

Voluntary closure of
Yamaichi Securities

Billionsof yenSubsidiary consolidationof TIAT (Apr. 2018)

400

200

0

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

35

06

07

08

09

10

11

12

13

14

15

16

17

18

←

19

→

-600

20

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

Second Quarter of FY20

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.

37

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• Commissioned management of
duty-free stores (Kansai)• Merchandise sales (Naha)• Wholesale• Operation of Kumamoto Airport

38

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.

39

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 to become the most highly rated airport in the world, or the world's best airport, based on
the long-term vision established in the present medium-term management plan
Category
Environment

SocialGovernance

Main initiatives

Most recent initiatives• Energy saving measures (Use of LEDs forlighting equipment, introduction of hybrid
vehicles)• Use of natural energy (Green power, solar
power generation)•

Consideration of measures for reducing
incinerated waste upon expanding a waste
treatment plant•

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

Demonstration experiment of the radiative
cooling film

• 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•

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

Increasing interaction with local residents(Haneda area)•

Installing “water stop boards”•

Installing “Scattering prevention films”•

Japan Public-Private Partnership Student
Study Abroad Program• Verification of effectiveness evaluation of theboard of directors• Establishment of the nominating/remunerationcommittee•

Strong governance, strengthening of theboard of directors•

Cybersecurity measures40

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).

41

Haneda Airport Terminal 2

1. Outline of Japan Airport Terminal Group
Facilities management operations(6) Group Companies

As of April 1,2020◼ 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◼ 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 rooms

42

7 companies◼ Japan Duty Free Fa-So-La Isetan Mitsukoshi Co., Ltd.
Development of airport duty-free stores (bonded stores) inurban 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

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
Stores at
Merchandiseinternationalsales

terminal

operations

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,
Kansai International Airport, and Chubu Centrair
OthersInternational Airport; Commissioned

Cost of sales; agent service fee

management revenues at Narita International
Airport and Kansai 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

43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 billion

44

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.

45

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. 256,000 ㎡
Spots (stationary boarding bridge
present)/20 locations

13

14■ Parking lot
・P1

Capacity/2,318 vehicles

９・P2

Capacity/2,315 vehicles

10

・P3

Capacity/2,449 vehicles

11

・P4

Capacity/3,087 vehicles(includes 2 microbus spaces)

12・P5 Capacity/approx. 3,000 vehicles■ Haneda airport wharf

46

1３
14

2. Summary of Tokyo International Airport (Haneda)(2) Comparison of Passenger Volume
Japan Airport Passenger Volume Ranking(FY19)

Global Airport Passenger Volume Ranking(2019 calendar year)

Code

Annual (thousandpeople)Daily average(thousand people)

Share (%)

HND

81,707 (64,883)

223

26.2

2 Narita
International
3 KansaiInternational

NRT

39,541 (7,460)

108

12.7

KIX

28,663 (6,705)

78

9.2

4 Fukuoka

FUK

23,035 (17,566)

63

7.4

Airport1

Haneda(Tokyo International)

City/Airport

Code

Annual(thousand people)

1

AtlantaATL

110,5312

Beijing Capital International

PEK

100,0113

Los Angeles

LAX

88,068

4

Dubai

DXB

86,396

5

Tokyo (Haneda)

HND

85,505

6

Chicago (O’Hare)

ORD

84,6497

London (Heathrow)

LHR

80,8885 New Chitose

CTS

22,814 (19,506)

62

7.3

6 NahaOKA

20,613 (17,464)

56

6.6

7 Osaka
International
8 Chubu Centrair
International

ITM

15,765 (15,765)

43

5.1

NGO

12,590 (6,402)

34

4.0

9 Kagoshima

KOJ5,769 (5,441)

15

1.9

8

Shanghai (Pudong)PVG

76,15310 SendaiInternational

SDJ

3,718 (3,339)

10

1.2

9

Paris (Charles De Gaulle)

CDG

76,150DFW

75,06682 other airports

57,307 (54,286)

18.4

Figures in parentheses are airport passenger volume for domestic flights.
Material: Airport ranking chart for FY19, Japan Civil Aviation Bureau (MLIT)

47

10 Dallas/Fort WorthSource: ACI (Airports Council International) publication“Annual World Airport Traffic Report 2020 Edition”

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

Noto

NTQ

2

Komatsu

KMQ

6

Nagoya (Chubu)NGO

5

Osaka (Itami)

ITM

30

5

Osaka
(Kansai Airport)

KIX

14

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

IWJ

2

Takamatsu

TAK

13

Tokushima

Matsuyama
Kochi

Kitakyushu
Saga

Kyushu4

Hagi Iwami

Fukuoka

Okinawa

IWK

TOY

Oita

TKS
MYJ
KCZ
FUK
KKJ
HSG
OIT

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

Iwakuni

IZO

ToyamaHokkaido

Izumo

YGJ

Flights/day

TohokuYonago

TTJ

Code

Chubu

Tottori

City

Kinki

ChugokuCity48

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

49

7

NewarkEWR

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:
Ranked 1st in the “World’s Cleanest Airports” category for 5th consecutive year
Ranked 1st in the “World’s Best Domestic Airports” category for 8th consecutive year
Ranked 1st in the “World’s Best PRM/Accessible Facilities” category for 2nd consecutive year
Haneda Airport Passenger Terminals have taken out 1st place for the 5th consecutive year in theWorld's Cleanest Airport category of the 2020 World Airport Awards conducted by the UK company,
SKYTRAX, as well as 1st place for the 8th consecutive year in the World's Best Domestic Airport
category, and 1st place for the 2nd consecutive year in the PRM/Accessible Facilities category.
Haneda's cleanliness and comfort has been recognized as best in the world in 5 of the last 7 years
in the World's Cleanest Airport category.
For the last 8 years, Haneda has been recognized as the World's Best Domestic Airport due to theconvenience and comfort of its domestic facilities.
Because of the emphasis on initiatives designed to assist elderly passengers, those with disabilities

and other passengers who require assistance in moving about, Haneda Airport has taken out 1stplace for the 2nd year in a row in the World's Best PRM/Accessible Facilities category.
In the general World's Best Airports category, Haneda was awarded 2nd place for the 2nd year
running.
As a hub airport with a dynamic domestic and international route network, Haneda Airport plays
an important role in Japan's drive to become an advanced tourism nation. Although steps are inplace around the world to restrict movement because of the COVID-19 pandemic, our groupcompanies look forward to a rapid end to the prevailing situation and remain committed to thesafety of our customers and providing facilities and services that are second to none in convenience,
comfort and functionality.

50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
Japan Airport Terminal Co., Ltd., Investor Relations Division
TEL: 03 (5757) 8409
FAX: 03 (5757) 8029
Email: ir@jat-co.com