Balance Sheet(As of March 31, 2016)(Millions of yen)
Assets
Account title
Current assets

Liabilities
Account title

Amount40,944Current liabilities

Amount13,204

Cash and deposits

31,672

Accounts payable-trade

2,813

Accounts receivable - trade

3,999

Current portion of long-term loans payable

4,404

Merchandise

3,536(Preferred loan)( 4,404)

Accounts receivable - other703

Accounts payable - other

1,641

Prepaid expenses

136

Accrued expenses

3,007

Deferred tax assets (current)

897

Income taxes payableNoncurrent assets
Property, plant and equipment

117,994583

Accrued interest expenses

7

Other current liabilities

749

Noncurrent liabilities

139,386

116,860

Shareholder subordinated bonds

14,580

Buildings

101,760

Long-term loans payable

115,240

Structures

1,323(Preferred loan)( 97,240)

Machinery and equipment

6,057(Shareholder subordinated loans)( 18,000)

11Long-term lease deposited

475

Provision for directors' retirement benefits

49

VehiclesTools, furniture and fixtures

7,707

Interest rate swap liabilities
Total liabilities
Intangible assets
Software152,591
Net assets

61
61

9,039Shareholders' equity

15,387

Capital stock

9,000

Capital surplus

9,000

Investments and other assets

1,072

Legal capital surplus

9,000Long-term prepaid expenses

62

Retained earnings△ 2,612Deferred tax assets (noncurrent)

10

Other retained earnings△ 2,612Retained earnings brought forward△ 2,612Valuation and translation adjustm ents

△ 9,039

Deferred gains or losses on hedges△ 9,039

Separately managed penalty in trust

1,000

Total net assets
Total assets

158,939

Total liabilities and net assets

16,348
158,939

Income StatementFrom April 1, 2015 to March 31, 2016

(Millions of yen)Account title

AmountOperating revenue
Rents

4,520

Facility rental income

19,055

Sales of goods

42,227

Restaurant sales

1,899

Other revenue

3,116

70,819

Cost of sales
Cost of goods sold

29,253Operating gross profit

41,56532,742

Selling, general and adm inistrative expenses

Operating income

8,822

Non-operating income
Interest income

6

Miscellaneous income

293

300,599

Non-operating expenses
Interest expenses

4,379

Amortization of business commencement expenses

99

Miscellaneous loss

5

Ordinary income

4,483
4,639

Extraordinary loss
52

Loss on retirement of noncurrent assets

Income before income taxes

524,587

Income taxes-current

651

Income taxes-deferred△ 380

Net income4,316

2

Notes to Non-consolidated Financial Statements
I. Notes on Matters Related to Important Accounting Policies
1. Criteria and methods for evaluating assets(1) Derivatives

Market value method(2) Inventory assets
Based on cost method using retail method (balance sheet values arecalculated using method of reducing book value when the contribution of inventories toprofitability declines)
2. Method of depreciation of noncurrent assets(1) Property, plant and equipment(2) Intangible assets

Straight line method

Straight line method
As for the software used in-house, the Company adopts the straight line
method based on an expected usage period of five years for internal use.

3. Criteria for recording reserves(1) Provision for directors’ retirement benefits
The Company records required allowance as of the end of the term inaccordance with internal rules on payment of directors’ retirement benefits
to prepare for the payment of retirement benefits to directors.
4. Treatment of consumption tax, etc.
The accounting treatment of consumption tax and local consumption tax is based on tax
exclusion method.
5. Treatment of deferred assets(1) Start-up cost
Depreciated using straight line method for 5 years
6. Inclusion of interest payable, etc. in noncurrent assets acquisition cost
The interest payable and loan-related ancillary cost incurred during the construction of thepassenger terminal building have been added to the acquisition cost (for the fiscal year underreview – yen; cumulative at the end of the fiscal year under review 3,380,012,000 yen) andrecorded as part of noncurrent assets.
7. Hedge accounting method(1) Hedge accounting method

Deferred hedge treatment(2) Hedge procedure and hedge target- Hedge procedure- Hedge target(3) Hedge policy

Derivative trading (interest swap trading)Borrowings based on variable interest rate
It is carried out with the aim of avoiding risks rising from futurefluctuation of interest rate and the Company’s policy is not to carry out
any speculative transactions.

(4) Method to evaluate the hedge effectivenessThe assessment on the effectiveness is omitted, as the importantconditions for hedge procedures and hedge target are the same and it isassumed in advance to fully offset the risk of interest rate fluctuations
from the start of the hedge and continuously thereafter.

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II. Notes on Balance Sheet(Millions of yen)

1. The amounts are rounded down to the nearest thousand.
2. Pledged assets
Assets pledged as collateral

Ordinary deposits

31,515

Accounts receivable - trade50

Buildings

101,760

Structures

1,323

Machinery and equipment

6,057

Separately managed penalty in trust
1,000
Liabilities corresponding to the above
Long-term loans payable

101,645

3. Total depreciation of property, plant and equipment

42,273

4. Monetary claims and obligations to subsidiaries and affiliates
Monetary claims
Monetary obligations

Accounts receivable – trade74

Accounts receivable - other12

Accounts payable - trade

2,813

Accrued expenses

2,491

Shareholder subordinated bonds
6,660
Long-term loans payable

6,660

Long-term lease deposited

250

III. Notes on Income Statement(Millions of yen)

1. The amounts are rounded down to the nearest thousand.
2. Transactions with subsidiaries and affiliates
Operating transactions

46,477

Non-operating transactions

300IV. Notes on Tax Effect Accounting
Breakdown of main causes for deferred tax assets(Deferred tax assets)(Millions of yen)Accrued enterprise tax, etc.

70

Provision for directors' retirement benefits

15

Loss carried forward

1,141

Deferred losses on hedges

2,789

Other

214

Deferred tax assets subtotal

4,231

Valuation reserve△3,324

Deferred tax assets total

907

4

V. Notes on Related Party Transaction
TypeName ofthecompany,etc.

(Millions of yen)

The ratio of Relationshipvoting rights,with theetc. in thepartyCompany

Transactions

Transaction
value

Account title

Balanceat theend of theperiodFundprocurement–

Shareholder
subordinated
bonds

6,660

–

Long-termloans payable(Note 1)

Other
relatedcompanyJapan
AirportTerminalCo., Ltd.

Borrowing
funds
38%
direct–Accruedexpenses(Note 2)Businessconsignment

14,699(Note 3)

Procurementof goods

6,660

Accounts
payable-trade30,297

2,491

2,813

(Note 4)Fundprocurement
Mainshareholder

Japan
Airlines Co.,
Ltd.

19%
direct––(Note 1)

Borrowing
funds–(Note 2)Fundprocurement
MainANA Holdings
shareholder
Inc.

19%
direct––(Note 1)

Borrowingfunds(Note 2)

–Shareholder
subordinatedbonds
Long-termloans payable
Shareholder
subordinatedbonds
Long-termloans payable

3,330

3,330
3,330

3,330

Terms and conditions of transactions and policy on deciding them
Note 1. Procurement conditions are in accordance with the Shareholder Subordinated Bond
Agreement signed between the Company and its six shareholders including the above
three companies on March 30, 2012 following the approval by the Board of Directors
Meeting on February 23, 2012 (prepared based on the loan terms of the Shareholders
Agreement agreed among the shareholders as of the establishment of the Company).
As for the repayment of the principal, it has been agreed that the order of the settlement ofclaims is after that of repayment of preferred loans from the lenders based on the Limited
Loan Contract Alteration Contract signed with the lenders.
Note 2．Loan conditions are in accordance with the Shareholder Subordinated Loan Agreement
signed between the Company and its nine shareholders including the above threecompanies on March 27, 2008 following the approval by the Board of Directors Meeting onMarch 18, 2008 (prepared based on the loan terms of the Shareholders Agreement agreed
among the shareholders as of the establishment of the Company).
As for the repayment of the principal, it has been agreed that the order of the settlement ofclaims is after that of repayment of preferred loans from the lenders based on the Limited
Loan Contract Alteration Contract signed with the lenders.
Note 3．The business consignment conditions are decided upon price negotiations taking into
consideration the prevailing market situation and a contract on the conditions is signed.
Note 4 ． The goods procurement conditions are decided upon price negotiations taking into
consideration the prevailing market situation and a contract on the conditions is signed.

5VI. Notes Regarding Per Share Information
1. Net assets per share

1,545,836.38 yen

2. Net income per share

1,186,638.18 yen

6