Second Quarter of FY22

Earnings Presentation Material(November 18, 2022)* 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 FY22
Earnings Presentation Material

1. Review of Consolidated Financial Results for FY22 2Q

3. Progress of the Medium-Term Plan

(1) Business EnvironmentP２(1) Direction of Strategy and Our Goals for 2025

P １１

(2) Consolidated Financial ResultsP３(2) Facilities Management

P １２(3) Merchandise sales / Food and beverage

P １３(4) New business / Expertise business

P １４(5) Management Base

P １５

2. Consolidated Financial Forecast for FY22(1) Business Environment

P

４

P

５

(2) Consolidated Financial Forecast for FY22P６(3) Consolidated Financial Forecast for FY22
(Amount affected due to consolidation of TIAT)P

７(4) Quarterly Changes in Operating Income and EBITDAP８(5) Status of Selling, General and Administrative Expenses

P９(6) Status of Funds

P １０◆ Outlook for the recovery of Haneda Airport
passenger numbers

4. Sustainability Initiatives(1) Direction of Initiatives

P １６(2) Changes in CO2 Emissions at Haneda Airport

P １７(3) Initiatives to Reduce CO2

P １８

Contents
Supplementary Material

Reference Material

1. Details of Consolidated Financial Results for FY22 2Q(1) Changes in Passenger Volume(Haneda, Narita, Kansai and Chubu Centrair)(2) Consolidated Financial Results for FY22 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 FY22

(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) Sustainability Basic Policy

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 FY22P 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) International Rating of the Haneda Airport
Passenger Terminal

P ４９(ii) Merchandise sales

P ３３(iii) Food and beverage

P ３４

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 FY22 (FY22 2Q)

1. Review of Consolidated Financial Results for FY22 2Q
2. Consolidated Financial Forecast for FY22
3. Progress of the Medium-Term Business Plan
4. Sustainability Initiatives

1. Review of Consolidated Financial Results for FY22 2Q(1) Business Environment

Business
Environment

Number of
Passengers(HanedaAirport)⁻ COVID-19 spread during the summer, leading to the seventh wave.
⁻ No restrictions on behavior were imposed domestically and immigration restrictions were eased in stages.
⁻ Domestic prices are gradually rising due to soaring resource prices and the yen's depreciation.

⁻ Domestic flights increased steadily and recovered to about 70% of the pre-COVID-19 level, about double thelevel of the same period in the previous fiscal year, but the pace of recovery slowed after the summer and wasless than 10% below the initial forecast.
⁻ International flights were about 4 times that of the same period in the previous fiscal year, almost in line with
the initial forecast, due to the easing of immigration restrictions.

Fiscal year first-half passenger volumes
Change from theReference

initial forecast

number *（％）(10 thousands)

Rate of change

FY22

FY21

Rate of change

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

Haneda – Domestic

2,359

1,127

109.2

2,574

-8.3

3,490

-32.4

Haneda – International

169

39

328.7

166

1.3

1,280

-86.8

Total Haneda

2,528

1,167

116.6

2,741

-7.8

4,770

-47.0

Narita

439

93

370.6

332

32.3

Kansai

58

11

395.0

89

-34.6

Chubu Centrair

18

1

911.4

22

-15.9

Airport(％)* Reference numbers are those
before the impact of COVID-19
for domestic flights, andestimated passenger volume
after the expansion of flight slots
for international flights.

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 FY22 2Q(2) Consolidated Financial Results

Overview

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

⁻The amount of loss was significantly reduced from the same period in the previous fiscal year due toincreased operating revenues and thorough cost management, resulting in a profit at JAT on a nonconsolidated basis.

⁻

Operating income exceeded the forecast due to controlling costs, although operating revenue was lower than
the forecast due to sluggish passenger growth.

Consolidated financial results for FY22 1H

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

1H Results

Items

LY Results

Initial forecast

AmountAmountaffected

affected

Changeamountdue to TIAT

due to TIAT

consolidation

consolidation

Rate ofchange*1

Amountaffected due(%)

Difference

to TIAT
consolidation

Operating revenues

43.6

-0.1

25.8

-3.0

17.7

68.4

45.4

-1.3

-1.7

(Facilities management)( 27.3 )( -1.4 )( 18.8 )( -3.8 )

8.4

45.1

( 27.5 )( -1.7 )-0.1(Merchandise sales)( 12.8 )( 1.3 )(

5.5 )( 0.8 )

7.3

132.1

( 14.5 )( 0.4 )

-1.6

(Food and beverage)( 3.4 )

(

(

1.5 )

(

-)

1.9

125.1

(

(

-)

0.0

-)

3.4 )

Operating income (loss)

-9.2

-11.0

-21.8

-14.2

12.5

-

-10.5

-11.6

1.2

Ordinary income (loss)

-9.7

-12.6

-24.3

-17.0

14.5

-

-11.0

-13.3

1.2

-3.3

-5.0

-14.4

-8.3

11.1

-

-4.0

-5.3

0.6

Quarterly net income (loss)
attributable to owners of parent*1 Financial forecast announced in May 2022

Japan Airport Terminal Co., Ltd.

03

2. Consolidated Financial Forecast for FY22(1) Business Environment

Business
Environment

Number of
Passengers(Haneda Airport)

⁻Start of the nationwide travel support program (October–December) stimulated domestic tourism demand.

⁻

Restrictions on immigration were also significantly eased in October with the removal of restrictions on thenumber of immigrants, visa exemptions for short-term stays, and lifting of the ban on individual sightseeing
travel.

⁻Prices continued to rise due to high resource prices and a weak yen. A labor shortage in the service industry
has become apparent.

⁻Domestic flights are expected to recover steadily from fall onward, partly due to the nationwide travel support
program, but are expected to fall short of the initial forecast by less than 10% affected by the delay inrecovery in the first half of the year.

⁻International flights are expected to exceed the initial forecast by about 20% as the recovery is expected to beaccelerated due to an increase in passengers, especially overseas passengers, as a result of the significant
easing of entry/exit restrictions and the weak yen.

The number of passengers forecast for FY22
RevisedAirportforecasts(10 thousands)

FY21 Results Rate of change

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

Change from theReference

initial forecast

number *（％）(10 thousands)

Rate of change(％)

Haneda – Domestic

5,373

2,887

86.1

5,852

-8.2

6,900

-22.1

Haneda – International

561

83

575.6

466

20.4

2,560

-78.1

Total Haneda

5,934

2,970

99.8

6,318

-6.1

9,460

-37.3

Narita

1,176

234

401.6

889

32.3

Kansai

278

27

915.4

281

-1.0

Chubu Centrair

79

5

1,330.4

70

12.3

Japan Airport Terminal Co., Ltd.

04

* Reference numbers are those
before the impact of COVID-19
for domestic flights, andestimated passenger volume
after the expansion of flight slots
for international flights.

2. Consolidated Financial Forecast for FY22
◆ Premises for passenger volume forecasts for FY22:
Outlook for the recovery of Haneda Airport passenger numbers
Domestic flights

International flights

Will recover to the levels before the impact of
COVID-19 (*) at the beginning of FY23

Will recover to the level planned for after the expansionof flight departures and arrivals within FY24

* Before the impact of COVID-19:
FY19 results (Apr.–Jan.) + Our forecasts (Feb.–Mar.)* It will take several years to recover due to continued restrictions on
behavior in China and delays in returning flights by overseas airlines.
(10 thousands)(10 thousands)

Number of passengers

FY21

FY22

FY23

2,887

5,373

6,900

Comparison with before

42%

impact of COVID-19

78%

FY21
Number of passengers
Comparison with before

100%

impact of COVID-19
Comparison with 2019

Assumed to be about 69 million a year in FY23 and beyond.

FY24

FY25

561

1,460

2,340

2,560

3%

22%

57%

91%

100%

4%

30%

79%

126%

139%

Comparison with plan after the expansion

100%

100%

Initial forecast

FY23

83

Comparison with before impact of COVID-19

80%

FY22

100%

100%
80%

60%

60%

40%

40%

20%

20%

0%

1Q

2Q

3Q

FY2021

Japan Airport Terminal Co., Ltd.

4Q

1Q

2Q

3Q

4Q

1Q

2Q
3Q
FY2023

Initial forecast

0%4Q

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2023
2Q 3Q 4Q 1Q FY2024
2Q 3Q 4Q 1Q FY2025
2Q 3Q 4Q
FY2021
FY2022

FY202205

2. Consolidated Financial Forecast for FY22(2) Consolidated Financial Forecast for FY22

Overview

⁻Operating revenues increased in line with passenger recovery, and operating profit/loss improved
significantly from the previous fiscal year due to thorough cost control.

⁻Although JAT remained profitable on a non-consolidated basis and the international flight business was on
the road to recovery, consolidated results showed a loss.

⁻Compared to the initial forecast, the delay in the recovery of the domestic flights was made up for by theinternational flights, and operating profit/loss improved partially due to cost reductions.

Consolidated financial forecast for FY22

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

FY22 1H

Items

Results

FY21 1H
results

FY22 2H
ChangeRevised

FY21 2H

forecasts

results

FY22
ChangeRevised

FY21

forecasts

results

InitialChangeforecast Difference*1

Operating revenues

43.6

25.8

17.7

62.2

31.1

31.1

105.9

57.0

48.8

105.6

0.3

Operating income

-9.2

-21.8

12.5

-5.0

-19.4

14.4

-14.3

-41.2

26.9

-16.6

2.3

Ordinary income

-9.7

-24.3

14.5

-5.8

-19.5

13.7

-15.6

-43.8

28.2

-18.1

2.5

Net income attributable

-3.3

-14.4

11.1

-1.2

-10.7

9.4

-4.6

-25.2

20.6

-5.7

1.1

Capital expenditures

1.1

3.4

12.8

1.2

14.0

4.7

15.0

Depreciation expenses

14.4

15.8

14.5

15.8

29.0

31.7

29.0

5.1

-5.9

9.5

-3.5

14.7

-9.5

12.4

¥0.0

¥0.0

-

-

to owners of parent

EBITDA

Dividend
Payout ratio

To bedetermined
To be

¥0.0
-

determined*1 Financial forecast announced in May 2022
Japan Airport Terminal Co., Ltd.

06

To be
determined
To bedetermined

¥0.0
-

To be
determined
To bedetermined2. Consolidated Financial Forecast for FY22(3) Consolidated Financial Forecast for FY22
(Amount affected due to consolidation of TIAT)International
FlightSituation⁻

Duty-free sales are expected to increase due to an increase in international passengers and the impactof the weak yen.

⁻

Review duty-free store business hours and promote the introduction of new brands to capture
recovering demand.

⁻

Promote efficient operation by securing products and personnel to avoid missing sales opportunities.

Consolidated financial forecast for FY22

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

Changeaffected due*1

Amountchangeaffected due(%)

to TIAT

Difference

to TIAT
consolidation

-6.3

57.0

2.1

105.9

Rate ofAmountconsolidation

consolidation
Operating revenues

Initial forecast

48.8

85.6

0.3

-1.3

105.6

(Facilities management)

(

61.3)

(

-1.1)

(

40.0)

(

-8.4)

(

21.2)

53.1

(

60.6)

(

-2.9)

(

0.7)

(Merchandise sales)

(

36.2)

(

3.1)

(

13.1)

(

2.0)

(

23.0)

174.8

(

37.0)

(

1.6)

(

-0.8)

(Food and beverage)

(

8.4)

(

0.1)

(

3.8)

(

-)

(

4.5)

118.0

(

8.0)

(

-)

(

0.4)

Operating income (loss)

-14.3

-19.1

-41.2

-28.7

26.9

-

-16.6

-21.4

2.3

Ordinary income (loss)

-15.6

-22.5

-43.8

-33.3

28.2

-

-18.1

-24.9

2.5

-4.6

-8.9

-25.2

-16.4

20.6

-

-5.7

-9.8

1.1

Net income (loss) attributableto owners of parent*1 Financial forecast announced in May 2022
Japan Airport Terminal Co., Ltd.

07

2. Consolidated Financial Forecast for FY22(4) Quarterly Changes in Operating Income and EBITDA
Operating income

EBITDA

Haneda domestic flight passengers

Passenger
volumeHaneda international flight passengers
92%

Operating income, EBITDA

100%

85%

(Billions of yen)
50
5.0

80%

71%
63%

60%

45%

-50
-5.0

40%
35%
26%
9%

4%

20%

17%

-150
-15.0

0%
1Q

2Q

3Q

4Q

1Q

（FY21）EBITDA

2Q

3Q

4Q（FY22）

Positive turnaround in 1Q FY22 (Passenger volume: 63% on domestic flights, 9% on international flights)

Operating income

Expect to turn positive from 1Q FY23
* 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

Japan Airport Terminal Co., Ltd.

08

2. Consolidated Financial Forecast for FY22(5) Status of Selling, General and Administrative Expenses◆ Cost Management✓ Cost increase factors
⁻ Increase in variable costs
accompanying increases in thepassenger volume and operating
revenue⁻ Increase in utilities costs
accompanying rising fuel prices
⁻ Securing personnel to prepare forincreasing workloads

⁻ Increase in minimal maintenanceand repair expenses✓ Cost reduction efforts
⁻ Review of the long-term repairplan
⁻ Curb facility maintenance andmanagement costs by reviewing
work contents and specifications
⁻ Continue to reduce depreciation
costs by curbing capital investment

Increase in expenses
accompanying
recovery in demand
Japan Airport Terminal Co., Ltd.

Responding tochanging
environment
09

Minimize rebound2. Consolidated Financial Forecast for FY22(6) Status of Funds◆ Cash flow estimate(Billions of yen)
7.8

-15.1

Cash flow fromoperating activities

Cash flow from✓financing activities

Cash flow from

Free cash flow

-7.3 billion yen(FY21 result -14.2 billion yen)

-13.0

investing activities

Cashequivalents(at✓- Major capital investment

Cash burn (*)(FY21 result

T2 main building satellite connection -6.0

beginningCashof year)equivalents

97.1(at end of

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

year)

76.8

✓ Available funds (end of year)
105.8 billion yen
Cash equivalents (end of year)

End of

End ofMarch 2022

March 2023

Secure capital
investment funds
Japan Airport Terminal Co., Ltd.

Uncertain
external
environment
1076.8 billion yen+ Short-term line of credit (set in FY21)

20.0 billion yen+ Existing commitment line

9.0 billion yen

Continue holding a sufficientbalance of cash and cash
equivalents

3. Progress of the Medium-Term Business Plan
(1) Direction of Strategy and Our Goals for 2025
［Reform and Innovation］

ChangeEstablishing a foundation forregrowth
Achieve outcomes through a fundamental
review during the COVID-19 pandemic

Optimize［Growth and Evolution］

Grow
Growth of airport business
Capture future airline demand

Growth drive
Enhance the earnings
base

Promote sustainability
Pursue sustainability

Improve and innovate by harnessing
DX and new technologies

Our
goals
for
2025

Enhance themanagement baseOrganization, personnel, andgovernance［Facing Challenges］

ExpandExpansion of earnings base
Expand earnings base by developing
businesses in new fields

Create value

・Sustained growth of our Group・Realization of a sustainable
society

Financial strategy

Facilities
management

To achieve both high quality and profitability, we are reviewing terminal operations and promoting the functional strength of
airport infrastructure toward increasing the number of non-Japanese visitors to Japan in 2030, while striving to reduce
maintenance and management costs and increase revenues such as rents.

Merchandise
sales/Food andbeverage

While reviewing the product mix, services, operations, cost rates, etc., we will uncover customer needs where consumption
trends have changed by taking advantage of digital marketing, and aim for operating revenues from merchandise sales of 156
billion yen and operating revenues from food and beverage sales of 18 billion yen.

New business/
Expertisebusiness

These businesses are expected to part of the earnings base in 2030. By utilizing Haneda’s value and networks, and airport
operational expertise, and through acquiring management resources we currently do not have, we aim to generate operating
revenues of 10 billion yen in 2025.

Japan Airport Terminal Co., Ltd.

11

3. Progress of the Medium-Term Business Plan
(2) Facilities Management

ChangeEstablishinga foundation
for regrowth◆Efficient terminal operations based on the cost structure reviewed in the face of COVID-19
・ Continue to suppress a rebound in maintenance and management costs by flexibly allocating personnel in
response to passenger trends, internalizing operations, etc.
・ Improve services and reduce manpower through the use of technology
including robots┗ Further installation of Mini Mork, a remote guidance robot, at various locations throughout the terminal◆Enhance functions as airport infrastructure with a view toward capturing future airline
demandGrow

・ T2 main building satellite connection that contributes to optimizing passenger traffic routes and improving ontime flight rates┗ Select a contractor to start construction by the end of this year

・ Provide services that meet diverse needs of airport users
Growth of
外販強化してますって┗ Promote universal design of terminal facilities
airport┗ Introduce escort services for domestic flights
business┗ Install private working space for business use before boarding the plane◆羽田で導入実績のあるロボットを国内他空港に展開

ExpandExpansion of
earnings
baseJapan Airport Terminal Co., Ltd.

◆We are aiming to improve performance at domestic
airports as a whole by acquiring new technologies
・ Strengthen distribution business referring to the results ofintroduction at Haneda Airport

12

New business/
Expertise business3. Progress of the Medium-Term Business Plan
(3) Merchandise sales/Food and beverage

ChangeEstablishinga foundation
for regrowth◆Reviewing the product mix, services, operations, cost rates
・ Improve efficiency of store operations[Changes in inventory]

60

50
40

┗ Deploy self-checkout and contactless tester tools┗ Reduce stagnant inventory accompanying decrease in operating
revenue caused by COVID-19

8.0
80

30
20

4.0
40

・ Efforts to reduce cost rate

10

┗ Reduce merchandise procurement costs, jointly purchasefood materials┗ Expand market share of Haneda's original products[Haneda Airport selection]

Grow(Billions of yen)
億円

120
12.0

0

20.3 20.9 21.3 21.9 22.3 22.9
Inventory at end of period (left axis)
期末在庫（左軸）
Length of months inventory is held
在庫保有月数（右軸）(right axis)◆Capture recovering demand to
expand operating revenues
・ Introduce top-brand merchandisein the T3 duty-free shop
┗ Opening of LOUIS VUITTON,

Growth ofDior (Fashion), and Dior (Beauty)
外販強化してますってairportbusiness・ Develop ethical products due to
growing demand┗ At T1, renewal of Samantha Thavasa and deployment of◆羽田で導入実績のあるロボットを国内他空港に展開
upcycled products

・ Developing the farm-fresh business and organizing
nationwide products & tourism fairs

ExpandExpansion of
earnings
baseJapan Airport Terminal Co., Ltd.

◆Earn revenue not dependent on passengers, expand sales
channels through the EC business, etc.
・ Enhance functions of HANEDA Shopping, an EC site・ Develop Click & Collect by utilizing the airport site

13

New business/
Expertise business3. Progress of the Medium-Term Business Plan
(4) New business/Expertise business◆Develop new businesses that leverage the value of Haneda and improve
revenues by utilizing the know-how of operating the airport
Expand・Further strengthen EC business┗ Enhanced functions of HANEDA Shopping, an EC site
┗ Started Click & Collect service for Haneda domestic flights and duty-free pre-order sales service
at the T3 Business Jet Gate

・ Strengthen cooperation with surrounding areas
and acquire earnings opportunities┗ Exhibited at Haneda Smart City EXPO at HICity┗ Provided in-flight meal and beverage service and sold airport limited
products at the Haneda Airport presents Air and Travel Products
Exhibition held at Keikyu Department Store

Expansion of
earnings
base・ Strengthen distribution business on the basis of actual results of introduction at Haneda Airport┗ Sold Radi-Cool, a radiant cooling material that contributes to CO2 emissions reduction, to other airports
in Japan, etc.
┗ Introduced WHILL, a self-driving wheelchair, at other airports in Japan and conducted demonstration tests of
guidance robots, cleaning robots, etc.

[Sales of Radi-Cool](Akita Airport)(Naha Airport)◆Create new businesses to acquire new technologies and know-how
・ Conduct aggressive R&D and introduce new technologies that increase
passenger convenience┗ Demonstration test of self-driving vehicle (mobility) at Haneda Airport

Japan Airport Terminal Co., Ltd.

14

3. Progress of the Medium-Term Business Plan
(5) Management Base◆DX Strategy
・Clarify strategies and promote data-driven management
・Enhance functions of HANEDA application for building a digital platform[DX strategy covering the entire airport (image)]

Aviation(1) Deploying ONE ID

Before the airport(4) Enhancing guidance services

Commercial,parking, etc.

Customers(2) Monitoring and forecasting congestion(Parking lots, restrooms, stores, security checkpoints, and all other areasin the airport)

Parking

Restaurants
Information service◆Organization, Personnel, and Governance・Build a corporate culture of “Think by oneself
and take on challenges”┗ Implement cross-industry and industry-university
collaborative projects┗ Promote inner branding activities

・Secure a diverse range of personnel┗ Conduct D&I seminars for all employees┗ Promote employment of people with disabilities

Japan Airport Terminal Co., Ltd.

15

Shopping/
Lounge(3) Ascertaining the degree ofcustomer satisfaction

4. Sustainability Initiatives(1) Direction of Initiatives
Establishment of the Sustainability Basic Policy

Establishment of sustainability
promotion system

2022– Establishment of Sustainability Committee– Establishment of Sustainability Promotion Office– Establishment of the Decarbonization Core Council andtheme-based working groups** Theme-based WGs– Energy saving/creation WG– New energy WG– Resource circulation WG

Endorsement of Task Force on Climate-related Financial
Disclosures (TCFD) recommendations
Creating a medium-term sustainability plan
– Identifying materiality (key issues)– Establishing Key Performance Indicators (KPIs)– Creating a medium-term sustainability plan

2023

Strengthen dissemination and disclosure of ESG information⇒ Aim for disclosure based on TCFD recommendations

2024

Improve external evaluation

2025

Penetration of sustainability management

Japan Airport Terminal Co., Ltd.

16

4. Sustainability Initiatives(2) Changes in CO2 Emissions at Haneda Airport⚫ The Ministry of Land, Infrastructure, Transport and Tourism aims to reduce CO2 emissions at
each airport by 46% or more from the FY13 level in FY30.
⚫ If that target is applied to Haneda Airport, CO2 emissions in FY30 will need to be
reduced to 127,000 tons, down 108,000 tons from the FY13 level.

Entire Haneda Airport (Facilities and Vehicles)[t-co2]250,000

Down

108,000

200,000

tons from the
FY13 level

150,000

CO2
emissions

100,000

127,000

50,000tons

02013年度
FY13

2016年度
FY16

2017年度FY17Electricity
電力

2018年度
FY18
Gas
ガス

2019年度
FY19

Other
その他

2020年度FY20

Diesel fuel and gasoline
軽油・ガソリン

2030年度FY30(Down 46% from the FY13 level)

Source: Prepared based on the Tokyo International Airport Implementation Status Report(FY2006–2020), Ministry of Land, Infrastructure, Transport and Tourism website.
Japan Airport Terminal Co., Ltd.

17

4. Sustainability Initiatives(3) Initiatives to Reduce CO2◆ Study on converting airport vehicles to
EV and developing charging facilities[Airline companies]◆ Installing Radi-Cool radiant cooling material on terminal
connecting bridges[Airport-related companies]

EV vehicles + Charging infrastructure + Fleet
management system
Developing
charging
infrastructure

Fleetmanagement
system

EV vehicleleasing◆ Investigating utilizing hydrogen at the Haneda Airportand surrounding areas<Image of the hydrogen utilization model>

LegendHydrogen

Area around the
airportKawasakiwaterfront area

◆ Promoting LED lighting
Tanker truck

Factory

Commercial
facilities

Publicfacilities

VehiclePipeline

HanedaAirportStorage tank

Terminal 3

Hydrogen stations

Japan Airport Terminal Co., Ltd.

Terminal 2

Terminal 1

GSE vehicles*

Airportfacilities

Vehicle/Railroad

18

Earnings Explanatory Meeting
Second Quarter of FY22

Supplementary Material
1. Details of Consolidated Financial Results for FY22 2Q
2. Details of Consolidated Financial Forecast for FY22
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 FY22 2Q(1) Changes in Passenger Volume (Haneda, Narita, Kansai and Chubu Centrair)(Thousand passengers)

70,00065,396
66,81960,000(Thousand passengers)

Haneda Airport – domestic flights

20,00017,12067,88653,73150,000

Haneda Airport – international flights
16,82315,000
FY22 forecast

FY22 forecast + 86.1%+575.6%(Initial forecast +461.2%)(Initial forecast +102.7%)

40,00018,16410,000
5,611

30,0005,000

28,87220,000

414

830

2020

2021

20,606
10,000

0

FY

20 16

20 17

20 18

(Thousand passengers)

40,00033,47935,870

20 19

20 20

20 21
← Results

20 22
Forecast →

FY

2016

2017

2018

2019

← Results

2022

Forecast →(Thousand passengers)

Narita Airport – international flights

30,00034,018Kansai Airport – international flights
FY22 forecast+915.4%(Initial forecast +925.9%)

30,000

FY22 forecast

20,000+401.6%(Initial forecast +279.2%)

Chubu Centrair Airport– international flights

20,00011,76410,000

FY22 forecast+1,330.4%(Initial forecast +1,174.0%)

10,000

2,345
1,265

0

2016

0

FY

2017

2018

2019

2020

2021
← Results

2016

2022
Forecast →

20

FY

2017

2018

2019

2020

2021
← Results

2022
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 FY22 2Q(2) Consolidated Financial Results for FY22 2Q
FY22 2Q (Results)
Items

FY21 2Q (Results)

Amount affected

Ratio

Amount affected

Ratio

due to TIAT
consolidation

Millions of yen

Operating revenues

Initial Forecast
Changedue to TIAT

Rate of
ChangeAmount affected

（※１）

Ratio

consolidation

Millions of yen

Millions of yen

Difference

due to TIAT
consolidation

Millions of yen Millions of yen％

Millions of yen

Millions of yen Millions of yen

43,613

100.0

-146

25,896100.0-3,004

17,71768.4

45,400100.0-1,300

Facilities management27,31162.6-1,486

18,82572.7-3,872

8,485

45.1

27,50060.6-1,700-188

Merchandise sales

12,871

29.5

1,333

5,546

21.4

865

7,325

132.1

14,50031.9

400-1,628

7

1,523

5.9

2

1,906

125.1

3,400

7.5

0

30

4,221

16.3

4,807

113.9

10,70023.6

0-1,671

2,926

11.3

3,955

135.2

8,700

19.2

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

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

7.9
20.7

6,881

15.8

53.5％)

2,146

Cost of sales of food and beverage(Ratio)

3,430
9,028

(

(

52.8％)

1,295

4.9

62.6％)(( 0.7P)851

5.0

85.0％)((-1,818

60.0％)

2,000

65.7

( -22.4P)-1,786( -6.5P)

146

4.4

58.8％)( 3.8P)

34,584

79.3

21,674

83.7

12,91059.6

34,700

76.4

0

-115

43,858100.6

43,499

168.0

358

0.8

45,20099.6

0-1,341-9,273-21.3-21,825-84.3

12,551--10,500-23.1-11,600

1,226

-486

-1.1

-2,480

-9.6

1,994

-

-500

-1.1

0

13

-9,759-22.4-24,305-93.9

14,546--11,000-24.2-13,300

1,240

28

0.1

-20

-0.1

48

-

0

0.0

0

28

-3,341-7.7-14,478-55.9

11,136--4,000-8.8-5,300658-11,014-12,678-5,068-14,276-17,075-8,370*1 Financial forecast announced in May 2022
*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 FY22 2Q(3) Financial Results by Segment(i) Facilities management
FY22 2Q (Results)
Items

FY21 2Q (Results)

Amount affectedRatio

Initial Forecast

Amount affected

Ratio

due to TIAT

Changedue to TIAT

consolidation

Rate ofAmount affected

Change(May.2022)

consolidation

Difference

due to TIAT
consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen

Millions of yen

Rent revenues

10,00935.2-1,727

9,099

46.0

-2,032910

10.0

10,000-1,5009Facility user charges revenues

11,146

39.2

2,639

4,265

21.6

700

6,880

161.3

11,500

2,400

-353

Other revenues

6,155

21.7

-2,398

5,460

27.6

-2,540

694

12.7

6,000

-2,600155

Subtotal

27,31196.1-1,486

18,82595.2-3,872

8,485

45.1

27,500-1,700

-188

1,095

3.9

407

946

4.8

431

148

15.7

1,600

500

-504

28,406100.0-1,07919,772100.0-3,441

8,633

43.7

29,100-1,200-693

Operating expenses

32,469

114.3

8,592

33,140

167.6

9,247

-670

-2.0

33,9009,200-1,430Operating income-4,062-14.3-9,671-13,367-67.6-12,688

9,304--4,800-10,400

737

Sales to external customers

Intersegment sales
Total(Ratio)(-14.3％)

・Rent revenues:

・Facility user charges revenues:
・Other revenues:(-67.6％)( 53.3P)(-16.5％)

Increase in revenue from leased space due to a reduction in the range, etc.
of rent reductions or exemptions, and increase in commission rent in domestic terminal
Increase in revenue from leased space due to a reduction in the range, etc. of rent
reductions or exemptions, and increase in commission rent in international 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.
Decrease in subcontracted work revenues, etc.

22

( 2.2P)+ 0.6 billion+ 0.2 billion+ 4.8 billion+ 1.7 billion+ 1.3 billion－ 0.6 billion

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

1. Details of Consolidated Financial Results for FY22 2Q(3) Financial Results by Segment(ii) Merchandise sales
FY22 2Q (Results)
Items

FY21 2Q (Results)

Amount affectedRatio

Initial Forecast

Amount affected

Ratio

due to TIAT

Rate of

Changeconsolidation

Amount affected

Changedue to TIAT

(May.2022)

consolidation

Difference

due to TIAT
consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen

Millions of yen

Domestic terminal stores

4,036

30.4

-

1,827

30.9

-

2,208

120.8

4,700

-

-663

International terminal stores

5,624

42.3

1,592

2,145

36.2

1,171

3,478

162.2

5,300

600

324

Other salees

3,211

24.1

-259

1,573

26.6

-305

1,637

104.1

4,500

-200

-1,28812,871

96.8

1,333

5,546

93.7

865

7,325

132.1

14,500400-1,628

426

3.2

205

372

6.3

228

54

14.5

400

300

26

13,298

100.0

1,538

5,918

100.0

1,094

7,379

124.7

14,900700-1,601

13,962

105.0

1,875

9,167

154.9

1,627

4,795

52.3

15,900900-1,937

-664

-5.0

-337

-3,248

-54.9

-533

2,583

-

-1,000-200

335

Sales to external customers

SubtotalIntersegment sales
Total
Operating expenses
Operating income(Ratio)(-5.0％)

・Domestic terminal stores:
・International terminal stores:

・Other sales:(-54.9％)( 49.9P)(-6.7％)

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 other airports

23( 1.7P)+ 2.2 billion+ 2.8 billion+ 0.5 billion+ 1.3 billion

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

1. Details of Consolidated Financial Results for FY22 2Q(3) Financial Results by Segment(iii) Food and beverage
FY22 2Q (Results)
Items

FY21 2Q (Results)

Amount affectedRatio

Initial Forecast

Amount affected

Ratio

due to TIAT

Rate of

Changeconsolidation

Amount affected

Changedue to TIAT

(May.2022)

consolidation

Difference

due to TIAT
consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen

Millions of yen

2,449

63.4

7

1,003

53.7

2

1,445

144.0

2,600

-

-150

Sales from in-flight meals

766

19.9

-

343

18.4

-

423

123.4

700

-

66

Other salees

213

5.5

-

176

9.4

-

37

21.1

100

-

113

3,430

88.8

7

1,523

81.5

2

1,906

125.1

3,400

-

30

432

11.2

-

344

18.5

-

87

25.4

300

-

132

3,863

100.0

7

1,868

100.0

2

1,994

106.7

3,700

-

163

Operating expenses

4,681

121.2

39

3,604

192.9

39

1,076

29.9

4,500

-

181

Operating income

-818

-21.2

-31

-1,735

-92.9

-36

917

-

-800

-

-18

Sales to external customers

Sales from restaurants

SubtotalIntersegment sales
Total(Ratio)(-21.2％)

・Sales from restaurants:
・Sales from in-flight meals:(-92.9％)( 71.7P)

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

24(-21.6％)( 0.4P)+ 1.4 billion+ 0.4 billion

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

1. Details of Consolidated Financial Results for FY22 2Q(4) Breakdown of Selling, General and Administrative Expenses

Items

FY22 2Q (Results)

FY21 2Q (Results)

Ratio

Rate of

ChangechangeRatio

Millions of yen％

Millions of yen％

Millions of yen％

Operating revenues

43,613100.0

25,896100.0

17,717

68.4

Selling, general and administrative

43,858100.6

43,499

168.0

358

0.8

4,682

10.7

4,928

19.0

-245

-5.0

Provision for employees' bonuses

988

2.3

144

0.6

844

586.0

Expenses for retirement benefits

409

0.9

465

1.8

-56

-12.1

Rent expenses

4,039

9.3

4,530

17.5

-490

-10.8

Business consignment expenses

5,985

13.7

5,896

22.8

88

1.5

Depreciation expenses

14,442

33.1

15,872

61.3-1,429-9.0

Other costs and expenses

13,30930.5

11,662

45.0

1,647

14.1

expenses

Salaries and wages

25

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

1. Details of Consolidated Financial Results for FY22 2Q(5) Changes in Non-Operating Income/Expenses and Extraordinary Income/Loss
Items

FY22 2Q (Results)

FY21 2Q (Results)

Ratio

ChangeRate of Change

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Operating revenues

43,613100.0

25,896100.0

17,717

68.4

Operating income-9,273-21.3-21,825-84.3

12,551-Non-operationg income

1,196

2.7

1,970

7.6

-774

-39.3

53

0.1

48

0.2

4

8.9

1,143

2.6

1,921

7.4

-778

-40.5

Non-operationg expenses

1,682

3.9

4,450

17.2

-2,768-62.2

Interest expenses

1,532

3.5

1,284

5.0

247

19.3

70

0.2

91

0.4

-20

-22.3

10

0.0

1,596

6.2

-1,586

-99.4

69

0.2

1,479

5.7

-1,409-95.3

Ordinary income/loss-9,759-22.4-24,305-93.9

14,546-Extraordinary income

64

0.1

1,422

5.5

-1,358-95.5

Extraordinary loss

36

0.1

1,443

5.6

-1,407

-97.5

842

1.9

5.1

2,171

-

-3,341

-7.7

-55.9

11,136-

Interest income anddividend
OthersLoss on retirement of
fixed assets
Loss on investment by
the equity method

Miscellaneous expenses

Income taxes
Net income attributable toowner's of parent

△

1,328
-14,47826△

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

1. Details of Consolidated Financial Results for FY22 2Q(6) Consolidated Balance Sheets
Cash and deposit-1.4 billion
Account receivable +3.4 billion
Securities+0.5 billion
Merchandise- 1.2 billion(Millions of yen)

113,969

Current
assets+100Long-term loans payable
Deferred tax liabilities
Others271,021- 1.3 billion

Investments and other assets
Investment securities- 0.7 billion
Deferred tax assets+ 0.4 billion

336,412

42,235

113,868

Tangible fixed assets (depreciable assets)
Buildings, etc.
＋ 0.6 billion
Accumulated depreciation -12.9 billion
Intangible fixed assets

Current
liabilities+5,38836,847

Account payable+ 1.3 billion
Accrued expenses+ 3.9 billion
Income taxes payable + 1.3 billion
Others- 1.3 billion

Fixedliabilities-8,176- 6.5 billion- 0.5 billion- 0.9 billion

262,845

Fixed
assets-13,597
Retained earnings
Accumulated othercomprehensive income
Non-controlling interest

350,010- 3.3 billion- 0.4 billion- 6.8 billion

Equity ratio
156,009

Total assets 450,381
FY22 2Q

Net
assets-10,709

Total assets 463,878
FY21

FY21

27

FY2021

33.2％

FY2022 2Q

33.4％

145,300（ + 0.2Ｐ）

FY22 2Q
Note: Figures shown are rounded down to the nearest million yen.

1. Details of Consolidated Financial Results for FY22 2Q(7) Consolidated Statements of Cash Flows
Items

FY22 2Q

FY21 2Q(Results)(Results)

ChangeMillions of yen

Millions of yen

Millions of yen

6,942

1,302

5,639

Income before income taxes and minority interests-9,731-24,326

14,594

Depreciation and amortization

14,475

15,911-1,436

Decrease (increase) in trade receivables-3,498880-4,379Decrease (increase) in inventories

1,220

1,869

-648

Increase (decrease) in trade payables

1,307

-1

1,309

Other current assets

236

2,133

-1,896

Other current liabilities

2,842

1,827

1,014

Others85

2,029-1,943

Income and other taxes paid

4

978

-974

Cash flows from investing activites-2,406-4,102

1,696

Purchase of tangible fixed assets-1,609-4,4572,848

Purchase of intangible fixed assets

-293

-204

-89

Others-502

559-1,062

Cash flows from financing activites-6,585-7,314728

Short-term borrowings

-100

-100

0

Long-term loans payable-6,185-7,368

1,183

-299

154

-454

Effect of exchange rate change on cash and cash equivalents

73

24

48

Increase (decrease) in cash and cash equivalents-1,976-10,090

8,113

Cash and cash equivalents at beginning of period

97,128120,355-23,226

Cash and cash equivalents at end of period

95,152110,264-15,112

Cash flows from operating activites

Others28

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

1. Details of Consolidated Financial Results for FY22 2Q(8) Capital Expenditure and Depreciation Expenses
FY17 2Q

FY18 2Q

FY19 2Q

FY20 2Q

FY21 2Q

FY22 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

5,284

24,706

6,243

5,110

3,490

1,192

Depreciation expenses

5,233

11,99812,827

12,827

15,872

14,442Items

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

• Breakdown of major capital expenditures
FY22 2Q (Results)
Repair and upgrade of various equipment and facilities¥0.3 billion

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

Store renovation work, etc.

¥0.1 billion(TIAT investment amount¥0.1 billion)• Breakdown of main depreciation expenses

FY17 2Q

FY18 2Q

FY19 2Q

FY20 2Q

FY21 2Q

FY22 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

1,800

2,200

2,200

1,900

1,600

Terminal 2

1,900

1,900

2,400

5,800

5,200

4,500

-

4,900

4,800

5,700

5,500

5,300

100

100

300

300

200

200

TIAT
P4 Parking

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

29

2. Details of Consolidated Financial Forecast for FY22(1) Consolidated Financial Forecast for FY22
FY22（Forecast）
Items

FY21 (Results)

Amount affectedRatio

Initial Forecast(May.2022)

Amount affected

Ratio

due to TIAT

Changedue to TIAT

consolidation

Rate ofAmount affected

ChangeRatio

Difference

due to TIAT

consolidation

consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen％

Millions of yen

Millions of yen

105,900

100.0

2,100

57,057100.0-6,33848,842

85.6

105,600

100.0-1,300300

Facilities management

61,30057.9-1,10040,02970.1-8,401

21,27053.1

60,60057.4-2,900700

Merchandise sales

36,200

34.2

3,100

13,174

23.1

2,058

23,025174.8

37,000

35.0

1,600

-800

Food and beverage

8,400

7.9

100

3,852

6.8

4

4,547

118.0

8,000

7.6

0

400

25,40024.0

10,604

18.6

14,795139.5

26,60025.2-1,20020,500

19.4

7,635

13.4

12,864168.5

22,30021.1-1,800Operating 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
Extraordinary income/loss
Net income attributable toowners of parent

56.6％)

4,900

Cost of sales of food and beverage((

58.0％)

2,968

4.6

58.3％)(( -1.4P)

5.2

1,931

77.0％)(( -18.7P)

60.3％)

4,300

65.1
(

( -3.7P)

4.1

600

53.8％)( 4.5P)

80,50076.046,453

81.4

34,04673.3

79,000

74.8

1,500

94,80089.5

87,709

153.7

7,090

8.1

95,60090.5-800-14,300-13.5-41,255-72.3

26,955--16,600-15.7-1,300-1.2-2,605

-4.6

1,305

-

-1,500-1.4-15,600-14.7-43,861-76.9

28,261--18,100

-17.1

-

-

302

0.5

-302

-100

-

-

-4,600-4.3-25,217-44.2

20,617--5,700-5.4-19,100-22,500-8,900-28,758-33,332-16,418-21,400

2,300
200-24,900

2,500--9,8001,100* 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

30

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

2. Details of Consolidated Financial Forecast for FY22(2) Forecast of Operating Revenues by Segment(Millions of yen)

Items

FY22

Amount affected

FY21

Amount affected（Forecast）

due to TIAT

(Results)

due to TIAT

consolidation

Rate of

ChangeChange (%)

consolidation

Initialforecast(May.2022)

Amount affected
due to TIAT

Difference

consolidation

61,300-1,10040,029-8,401

21,27053.1

60,600-2,900700

Rent revenues

19,800-3,70018,543-3,993

1,256

6.8

20,000-3,200-200

Facility user charges revenues

27,4008,500

10,5391,498

16,860160.027,500

6,700

-100

Other revenues

14,100-5,90010,946-5,907

3,153

28.8

13,100-6,4001,000

Merchandise sales

36,2003,100

13,174

2,058

23,025174.8

37,000

1,600

-800

9,600

-

5,166

-

4,433

85.8

10,500--900International terminal stores

16,400

3,600

4,242

2,650

12,157286.5

15,400

2,100

1,000

Other sales

10,200

-500

3,765

-592

6,434

170.9

11,100

-500

-900

8,400

100

3,852

4

4,547

90.3

8,000

-

400

Sales from restaurants

5,700

100

2,790

4

2,909

61.3

5,800

-

-100

Sales from in-flight meals

2,300

-

730

-

1,569

24.7

1,900

-

400

400

-

332

-

67

4.3

300

-

100

Facilities management

Domestic terminal stores

Food and beverage

Other sales

31

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

2. Details of Consolidated Financial Forecast for FY22(3) Financial Forecast by Segment(i) Facilities management
FY22（Forecast）
Items

FY21 (Results)

Amount affectedRatio

Initial Forecast(May.2022)

Amount affected

Ratio

due to TIAT

Changedue to TIAT

consolidation

Rate ofAmountChangeDifference

affected due toconsolidation

TIAT

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen

Millions of yen

Rent revenues

19,80031.0-3,70018,54344.1-3,993

1,256

6.8

20,000-3,200-200

Facility user charges revenues

27,400

42.9

8,500

10,539

25.1

1,498

16,860160.027,500

6,700

-100

Other revenues

14,10022.1-5,90010,94626.1-5,907

3,153

28.8

13,100-6,4001,000

Subtotal

61,30095.9-1,10040,02995.3-8,401

21,27053.1

60,600-2,900

700

2,600

4.1

1,000

1,982

4.7

896

617

31.2

3,500

1,200

-900

63,900

100.0

-100

42,012100.0-7,50521,88752.1

64,100-1,700-200

Operating expenses

70,200109.9

18,00066,876

159.2

17,9203,323

5.0

71,40017,800-1,200Operating income-6,300-9.9-18,100-24,863-59.2-25,426

18,563--7,300-19,500

1,000

Sales to external customers

Intersegment sales
Total(Ratio)(-9.9％)

・Rent revenues:

・Facility user charges revenues:
・Other revenues:( -59.2P)( 49.3P)( -11.4P)

Increase in revenue from leased space due to a reduction in the range, etc.
of rent reductions or exemptions, and increase in commission rent in domestic terminal
Increase in revenue from leased space due to a reduction in the range, etc. of rent
reductions or exemptions, and increase in commission rent in international 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
Increase in revenue from parking fees, paid airport lounges, etc.
for international terminal.

32( 1.5P)+ 0.8 billion+ 0.3 billion+10.2 billion+ 5.6 billion+ 1.9 billion+ 1.0 billion

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

2. Details of Consolidated Financial Forecast for FY22(3) Financial Forecast by Segment(ii) Merchandise sales
FY22（Forecast）
Items

FY21 (Results)

Amount affectedRatio

Initial Forecast(May.2022)

Amount affected

Ratio

due to TIAT

Changedue to TIAT

consolidation

Rate ofAmountChangeDifference

affected due toconsolidation

TIAT

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen

Millions of yen

Domestic terminal stores

9,600

25.5

-

5,166

37.1

-

4,433

85.8

10,500--900International terminal stores

16,400

43.6

3,600

4,242

30.4

2,650

12,157286.5

15,400

2,100

1,000

Other salees

10,200

27.1

-500

3,765

27.0

-592

6,434

170.9

11,100-500-900

36,200

96.3

3,100

13,174

94.5

2,058

23,025174.8

37,000

1,600

-800

1,400

3.7

500

769

5.5

452

630

82.0

900

600

500

37,600

100.0

3,600

13,944

100.0

2,511

23,655169.6

37,900

2,200

-300

36,800

97.9

2,600

20,078

144.0

3,577

16,721

83.3

38,2001,900-1,400

800

2.1

1,000

-6,134-44.0-1,066

6,934

-

-300

300

1,100

Sales to external customers

SubtotalIntersegment sales
Total
Operating expenses
Operating income(Ratio)(2.1％)

・Domestic terminal stores:
・International terminal stores:
・Other sales:( -44.0P)( 46.1P)( -0.8P)

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 other airports

33( 2.9P)+ 4.4 billion+ 9.2 billion+ 2.3 billion+ 5.9 billion

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

2. Details of Consolidated Financial Forecast for FY22(3) Financial Forecast by Segment(iii) Food and beverage

FY22（Forecast）
Items

FY21 (Results)

Amount affectedRatio

Initial Forecast(May.2022)

Amount affected

Ratio

due to TIAT

Rate of

Changeconsolidation

AmountChangedue to TIAT

Difference

affected due toconsolidation

TIAT

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen

Millions of yen

Sales from restaurants

5,700

61.3

100

2,790

60.1

4

2,909

104.3

5,800

-

-100

Sales from in-flight meals

2,300

24.7

-

730

15.7

-

1,569

215.0

1,900

-

400

400

4.3

-

332

7.1

-

67

20.4

300

-

100

8,400

90.3

100

3,852

82.9

4

4,547

118.0

8,000

-

400

900

9.7

-

796

17.1

-

103

13.0

700

-

200

9,300

100.0

100

4,649

100.0

4

4,650

100.0

8,700

-

600

Operating expenses

10,300

110.8

100

7,741

166.5

77

2,558

33.1

9,700

100

600

Operating income-1,000-10.8

0-3,091

-66.5

-73

2,091

-

-1,000-100

0Sales to external customers

Other salees
SubtotalIntersegment sales
Total(Ratio)(・Sales from restaurants:
・Sales from in-flight meals:-10.8％)( -66.5P)( 55.7P)

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

34( -11.5P)( 0.7P)+ 2.7 billion+ 1.5 billion

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

3. Other Information(1) Capital Expenditure and Depreciation Expenses
FY17(Results)

FY18(Results)

FY19(Results)

FY20(Results)

FY21(Results)

FY22(Forecast)Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Capital expenditure

27,88557,55972,613

8,494

4,738

14,000Depreciation expenses

10,806

24,63427,80734,31031,71529,000Items

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

• Breakdown of Major Capital Expenditures
FY21 (Results)

FY22 (Forecast)Terminal 1 and 2 expansion¥0.6 billion

Terminal 1 and 2 expansion¥6.0 billion

Repair and upgrade of various equipment and facilities¥0.6 billion

Repair and upgrade of various equipment and facilities¥3.0 billion

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

Upgrade of crime prevention/disaster-readiness equipment¥2.0 billion

Store renovation work, etc.

¥0.5 billion(TIAT investment amount¥0.5 billion)(TIAT investment amount¥2.8 billion)

・Breakdown of main depreciation expenses

FY17(Results)

FY18(Results)

FY19(Results)

FY20(Results)

FY21(Results)

FY22(Forecast)Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Terminal 1

4,300

4,100

4,700

4,500

3,800

3,300

Terminal 2

3,800

3,800

5,900

11,80010,400

9,200

-

9,500

10,200

11,200

11,10010,500

300

300

700

600

500

400

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

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

Billionsof yenCOVID-19 pandemic

400
Subsidiary consolidationof TIAT (Apr. 2018)200

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

Haneda Airport Terminal 2
started operation (Dec. 2004)

Haneda Airport Terminal 1
started operation (Sep. 1993)

H1N1 influenza outbreak

Chubu International
Airport opened

SARS outbreakY2K task

2,000

Great East Japan Earthquake(right) Ordinary income (forecast)

Hikes in the price of
crude oilFinancial crisis being
triggered by the US(right) Ordinary income (results)

Iraq war(right) Cash flows (forecast)

9-11 Terrorist Attack in the US(right) Cash flows (results)

Financial realignment(left) Operating revenues (forecast)

Voluntary closure of
Yamaichi Securities

2,500

Narita Airport Terminal 2
started operation

3,000(left) Operating revenues (results)

Kansai International
Airport opened

Billionsof yen0-200

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

←

21

→

-600

22

Results Forecast

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

Second Quarter of FY22

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 70 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) Sustainability Basic Policy
To realize “To Be a World-Best Airport - To be the world’s most respected airport, pursuing the satisfaction of all
stakeholders -,” we will promote sustainable business activities while contributing to the development of thesocioeconomy under the Sustainability Basic Policy.
Sustainability Basic Policy

Customers(1) Serving as an air gateway to Japan, we strive to operate customer-centered passenger terminals (convenience, comfortableness andfunctionality), continuously work at improving services and operations while actively utilizing digital technologies, and provide the best
hospitality.

Partners(2) Together with partners such as airline companies, tenants and subcontractors, and the national government, we promote developmentof safe and secure airports and open innovation toward mutual growth.

Employees(3) We give consideration to physical and mental health and security of officers and employees, and strive to develop personnel andimprove work environments so that they can work with a motivation while exercising a wide range of abilities they have in various fields
associated with the airport.

Local Communities(4) In partnership with surrounding communities, we not only contribute to the growth of the Tokyo metropolitan area, but also enable
domestic air mobility in cooperation with airports throughout the country as the hub of the aviation network, and aim to co-exist andco-prosper with local communities throughout Japan.

Shareholders/Investors(5) We endeavor to be transparent in disclosing information on a timely basis and increase corporate value from a long-term perspective,
based on engagement with shareholders and investors.

Global Environment(6) In moving toward a decarbonized society and/or a resource-circulation society, we aim to reduce the environmental burden associatedwith business activities through, for example, promoting measures against global warming and 3R, and realize sustainable airports inharmony with the global environment in cooperation with stakeholders.

Common(7) Having ensured absolute safety, we properly manage risks that may pose a threat to business activities. Also, we routinely promotedisaster prevention measures, etc. and business continuity management so that, even in emergencies, we can ensure safety andcontinue operating the passenger terminal, which is public infrastructure, without delays.
(8) We comply with domestic and overseas laws, regulations and rules, and carry out business honestly and fairly while taking humanrights into consideration.

41

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(September)

Separate domestic arrival terminal building completed in time with the Tokyo Olympic Games.

(October)Duty-free sales operations commenced.

1970

(May)

Completed new international arrival terminal building.

1978(March)Opened Narita Office at Narita International Airport.

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(July)

Opened Osaka Office at Kansai International Airport.

1994(September)

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

2004(July)

Moved Head Office from Chiyoda-ku, Marunouchi, to Haneda Airport.

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.

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

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.

2022(April)Shifted to the prime market due to market restructuring of the Tokyo Stock Exchange.

Commenced merchandise sales including duty-free articles, hotel reservation services and otheroperations with the opening of Narita International Airport.

Launched commissioned operation of duty-free stores and wholesale of duty-free goods accompanying
Haneda Airport Terminal when opened

opening of the Kansai Airport.

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

Haneda Airport Terminal 1

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

Haneda Airport Terminal 242

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 ofhalls and meeting rooms431. Outline of Japan Airport Terminal Group(7) Revenue Composition/Details by Segment, Composition of Sales
Category

Revenue details

Expenses details

Office lease (fixed rent); store lease
Rent revenue(fixed rent + percentage commission) at Haneda domestic andDepreciation; water, heating, energy

international terminals

expenses; repairs expenses; lease fee(such as national property usage fee);

Facilities
management
operations

Facility user
charges revenue

Fees for use of passenger facilities (Haneda domestic andtaxes and public charges; cleaning

Food and beverage
Operations
7.9 ％Facilities Management
Operations
62.6 ％

Restaurants

5.6 ％Rent revenue

In-flight meals

1.8 ％Facility user charges revenue
25.6 %

Others0.5 ％international flights: PSFC), international terminal PBB user charges, expenses; outsourcing feesothersParking fee revenue, advertising revenue and sales from paid airport Lease fee (such as national property usage

Others≪FY22 2Q Results≫

lounge at Haneda domestic and international terminals, Hotelfee); taxes and public charges (fixed asset

business income, Revenue from subcontracted worktax); outsourcing fees

Merchandise sales for stores at Haneda domestic terminal stores

Cost of sales; supply expenses

Stores atdomestic
terminal
MerchandiseStores at

salesinternational

operations

terminal

OthersRestaurants

Merchandise sales for stores at Haneda international terminal stores;
Merchandise sales from airport duty-free stores, etc. at Narita

Cost of sales; supply expenses;

International Airport, Kansai International Airport and Chubu

percentage of business; agent service fee

Centrair International Airport, urban duty-free store sales
Wholesale sales to Narita International Airport, Kansai International
Airport, Chubu Centrair International Airport and others

Restraurant sales at Haneda Airport domestic and internationalterminal and Narita International Airport

Food andbeverage

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

operations

OthersCost of sales; agent service fee

Food expenses (cost of sales for food andbeverage); percentage of business;outsourcing costs

Food expenses (cost of sales for food andbeverage)

Income from catering airline lounges, Wholesale of products such as Food expenses (cost of sales for food andfrozen foods, box meals, etc.

beverage); outsourcing costs

Merchandise sales
Operations 29.5 ％Stores at domestic Terminal
9.3 ％Stores at international
Terminal
12.9 ％

Others44

7.4 ％Others23.0 %

14.1 ％

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(FY21)

Global Airport Passenger Volume Ranking(2021 calendar year)

Airport

Code

Annual(thousand people)

1 Tokyo (Haneda)

HND

29,702 (28,872)

81

28.3

2

FukuokaFUK9,466 (9,440)

25

9.0

3

Sapporo(Chitose)

CTS

9,229 (9,229)

25

8.8

OKA

7,998 (7,994)

21

7.6

4 Okinawa (Naha)

Daily average(thousand people)

City/Airport

Share (%)

Code

Annual(thousand people)

1

Atlanta

ATL

75,7042

Dallas/Fort WorthDFW

62,465

3

DenverDEN

58,8284Chicago (O’hare)

ORD

54,0205

Los Angeles

LAX

48,007

6Charlotte

CLT43,302

7

OrlandoMCO

40,351

5

Osaka (Itami)ITM7,499 (7,499)

20

7.1

6

Tokyo (Narita)

NRT5,872 (4,127)

16

5.6

7 Osaka (Kansai)

KIX

3,630 (3,361)

9

3.5

8 Nagoya (Chubu)NGO2,829 (2,773)

7

2.7

9

Kagoshima

KOJ2,677 (2,677)

7

2.5

8

Guangzhou

CAN

40,25910 Osaka (Kobe)

UKB

1,752 (1,752)

4

1.7

9

ChengduCTU

40,11710 Las Vegas

LAS

39,75480 other airports

24,400 (24,400)

23.2

Figures in parentheses are airport passenger volume for domestic flights.
Material: Airport ranking chart for FY21, Japan Civil Aviation Bureau (MLIT)

48

Source: ACI (Airports Council International) publication“2022 ACI World Airport Traffic Report”

2. Summary of Tokyo International Airport (Haneda)(3) International Rating of the Haneda Airport Passenger TerminalAwarded “5 Star Airports” status in the “Global Airport Rating” for the 9th consecutive year

Passenger terminals at Haneda Airport1 have earned a 5-Star Airport Rating, the world’s highest mark,in the Global Airport Star Rating of UK-based Skytrax2 for the ninth consecutive year.
We have made every effort to identify the needs of our customers and deliver higher levels of
convenience and comfort for air travelers, both international and domestic, even while the changes in theexternal environment due to the COVID-19 pandemic have led to the diversification of such needs during
these past two years. Consequently, we received high marks for the quality of both our facilities and theservice level of our staff in various categories. In particular, we were rated highly for our new initiativethat accommodates the needs of diverse customers associated with the changes in the external
environment.

In anticipation of the demand for air travel and usage by many international and domestic customers
returning to the pre-pandemic levels, we pledge to continue providing world-class facilities and services
as Japan’s gateway to the skies. These facilities and services will remain customer-oriented, with ourentire airport staff remaining highly conscientious as well. We will continue seeking the ideal for Tokyo
International Airport (Haneda) and remain an airport that is trusted and selected by air travelers and air
travel officials from around the world.

49

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