Note: 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.

Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024) [J-GAAP](Consolidated)
August 7, 2024
Japan Airport Terminal Co., Ltd. (“the Company”) Listed stock exchange: Tokyo, Prime Market
9706
URL: https://www.tokyo-airport-bldg.co.jp/company/en/
Nobuaki Yokota, President and COO
Isamu Jinguji, Senior Managing Executive Officer
TEL 03-5757-8409
Scheduled date of commencing dividend payment:－
Supplementary materials on financial results (yes/no)
No
Holding of quarterly investors’ meeting (yes/no)
No
Company name:
Code number:
Representative:
Contact:(Figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the First Three Months of FY2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Business Results (Cumulative)
Operating revenues(%: Change from the same period of the previous year)

Operating income

Net income attributableto owners of the parent

Ordinary income

First Three
Months ofMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

FY2024FY202365,33745,99642.0
137.4

10,926
5,520

97.9
-

10,712
5,014

113.6
-

6,131
3,534

73.5
-

(Note) Comprehensive income: First three months of FY2024 ¥8,117 million (85.2%) First three months of FY2023 ¥4,382 million (-%)

Net income
per shareFirst Three
Months of

Yen

Diluted net income
per shareYen

FY2024FY2023

65.83
37.95

-

(2) Consolidated Financial Position
Total assets

Net assets per share

Millions of yen

Millions of yen%

Yen

458,270
460,423

170,242
166,03637.1
36.5

1,825.99
1,805.67

As of June 30, 2024
As of March 31, 2024
(Reference) Equity capital:

Equity capital tototal assets

Net assets

As of June 30, 2024 ¥170,065 million

As of March 31, 2024 ¥168,172 million

2. Dividends
Dividends per share
Q1-EndFY2023
FY2024FY2024 (Forecast)

Q2-EndQ3-EndYear-End

Annual

Yen

Yen

Yen

Yen

Yen

-

25.00

-

42.00

67.00

31.00

-

31.00

62.00

(Note 1) Revisions to the most recently announced dividends forecast for FY2024: None
(Note 2) Breakdown of Year-end dividend for FY2023
Ordinary divided: 37.00 yen / Commemorative dividend for 70th Anniversary of the Company’s Founding: 5.00 yen3. Forecast of Consolidated Financial Results for FY 2024 (April 1, 2024 to March 31, 2025)(%: Change from the same period of the previous year)

Operating revenues

First half
Full-year(Note)

Operating income

Net income
attributable to ownersof the parent

Ordinary income

Net income
per share

Millions ofyen%Millions ofyen%Millions of yen%

Millions of yen%

Yen

135,000
264,500

34.8
21.6

21,70033,40060.6
13.1

20,90031,00067.4
13.9

12,10018,90047.0(1.8)

129.92202.93

1. Revisions to the most recently announced forecast of consolidated financial results for FY2024: Yes
2. With respect to the revisions to the forecast, please see “Notice Regarding Revision of Consolidated Earnings Forecasts” announced on
August 7.

* Notes(1) Significant changes in subsidiaries during the period under review (changes in specified subsidiaries involving changes in scope of
consolidation): No
New: None
Excluded: None
(2) Adoption of special accounting methods for preparation of quarterly consolidated financial statements: Yes(Note) For details, please refer to page 13 of the appendix materials “2. Quarterly Consolidated Financial Statements and Notes(3) Notes on Quarterly Consolidated Financial Statements: Adoption of Special Accounting Methods for Preparation of
Quarterly Consolidated Financial Statements”.
(3) Changes in accounting policies, accounting estimates, and restatement of revisions
1) Changes in accounting policies due to revisions of accounting standards, etc.: Yes
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Restatement of revisions: None
(Note) For details, please refer to page 13 of the appendix materials “2. Quarterly Consolidated Financial Statements and Notes(3) Notes on Quarterly Consolidated Financial Statements: Changes in Accounting Policies”.

(4) Number of shares outstanding (common stock)1) Number of shares outstanding at the period-end (including treasury stock):
As of June 30, 2024
93,145,400 shares
As of March 31, 2024
2) Number of treasury stock at the period-end:
As of June 30, 2024
9,359 shares
As of March 31, 2024
3) Average number of shares outstanding (quarterly consolidated cumulative period):First quarter of FY2024
93,136,047 sharesFirst quarter of FY2023

93,145,400 shares
9,339 shares
93,136,302 shares* Review of attached quarterly consolidated financial report by certified public accountants or auditing firms: No* Statements regarding the proper use of financial forecast and other special remarks
Notes on the use of forward-looking statements
The forecast of the business results reported herein was prepared based on information the Company had in its possession as of thetime this report was prepared and on certain assumptions judged to be reasonable. The Company makes no guarantee that thesefigures will be achieved. Actual results may differ significantly from forecasts due to various factors. For the assumptions used infinancial forecasts and other points, please refer to page 6 of the appendix materials “1. Qualitative Information on Consolidated
Financial Results for the First Three Months of FY2024 (3) Explanation of Consolidated Financial Forecasts and Other Forwardlooking Statements”.

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)

Contents of the Appendix Materials
1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST THREE
MONTHS OF FY2024 (APRIL 1, 2024 TO JUNE 30, 2024) ............................................................................................ - 2 (1) EXPLANATION OF OPERATING RESULTS.................................................................................................. - 2 (2) EXPLANATION OF FINANCIAL POSITION.................................................................................................. - 6 (3) EXPLANATION OF CONSOLIDATED FINANCIAL FORECASTS AND OTHER FORWARD-LOOKING
STATEMENTS ....................................................................................................................................... - 7 2. QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS AND NOTES ...................................................... - 8 (1) QUARTERLY CONSOLIDATED BALANCE SHEETS ..................................................................................... - 8 (2) QUARTERLY CONSOLIDATED STATEMENTS OF INCOME AND
QUARTERLY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME ........................................ - 10 Quarterly Consolidated Statements of Income ............................................................................................. - 10 Quarterly Consolidated Statements of Comprehensive Income ...................................................................... - 12 (3) NOTES ON QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS........................................................ - 13 (NOTES ON THE PREMISE OF A GOING CONCERN) ................................................................................ - 13 (NOTES ON A SIGNIFICANT CHANGE IN SHAREHOLDERS’ EQUITY) ....................................................... - 13 (ADOPTION OF SPECIAL ACCOUNTING METHODS FOR PREPARATION OF QUARTERLY CONSOLIDATEDFINANCIAL STATEMENTS) ................................................................................................................. - 13 (CHANGES IN ACCOUNTING POLICIES) ................................................................................................. - 13 (NOTES ON QUARTERLY CONSOLIDATE STATEMENTS OF CASH FLOWS)............................................... - 13 (SEGMENT INFORMATION) .................................................................................................................... - 14 --1-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)

1. Qualitative Information on Consolidated Financial Results for the First Three Months of FY2024(April 1, 2024 to June 30, 2024)(1) Explanation of Operating Results
During the first three months of the fiscal year ending March 31, 2025 (“FY2024”), although a standstillis observed recently, the Japanese economy showed a gradual recovery. Looking ahead, it is expected that thegradual recovery trend will continue, resulting from the effects of various policies, while situation around laborand income improves. However, there is a risk that a downturn in overseas economies, such as the impact ofcontinued high-interest rate levels in the U.S. and Europe and continued stagnation in the real estate market in
China, will put downward pressure on the Japanese economy. Moreover, it is necessary to pay sufficientattention to price increases, situation surrounding the Middle East region, volatility in the financial and capital
markets among other factors.
In terms of our business environment, while the termination of various travel support policies implemented
in the previous year and high prices have had an impact on demand for domestic travel, the number of foreign
visitors to Japan has reached a record high and consumption by those foreign visitors is expanding. For
domestic flights, the number of passengers at Haneda Airport slightly decreased from the previous year, but
for international flights, the number of passengers increased by approximately 30% from the previous year andis doing well. This is due to increased and restored flights from the summer timetable starting from the end of
March. The increase this year is also because the border control measures related to COVID-19 were still inplace in the previous year until before the Golden Week which suppressed the number of passengers.
Under these circumstances, to achieve the long-term vision, “To Be a World Best Airport”, the JAT Group
is steadily implementing various measures outlined in the Medium-Term Business Plan.
In terms of facilities, to accommodate further increase in international flights swing operations have begun
at some spots in Terminal 2, switching between domestic and international flights depending on the time of
day starting from the summer timetable at the end of March this year. Moreover, we are steadily pushing
forward investment plans for the future, including the construction of connection between the satellite buildingon the north side of Terminal 2 and the main terminal building and the construction of the satellite building on
the north side of Terminal 1. Construction of the satellite building on the north side of Terminal 1 began in May
and its operation is scheduled to commence in the summer of 2026. The use of various environmental
technologies, such as adopting hybrid structure of wood/steel and introducing wood for some building materials
in addition to solar panels and high-performance exterior insulation are planned to reduce the environmental
impact throughout the building’s life cycle. Furthermore, in terms of operations, we introduced the “RBAS”
ramp bus dispatch system in April in cooperation with airlines and Airport Transport Service Co., Ltd. By
streamlining ramp bus operations, we will contribute to improved convenience for customers and stable ontime performance for the airlines. We will continue to work with all concerned parties to improve efficiency invarious areas of terminal operations while utilizing digital technology.
In terms of sales, to capture strong demand of foreign visitors, we changed the layout of duty-free stores
and added POS cash registers to eliminate waiting lines at the cash registers, as well as secured ample productinventory and held in-store promotions of popular merchandise. In Terminal 3, in addition to the sequential
renovation of duty-free stores, “CHAYA VEGAN FRIENDLY TOKYO,” which offers vegan pizza andauthentic Neapolitan-style pizza, opened in the “TOKYO SKY KITCHEN” food court in the area after passport
control. In the EC business, we renewed the official e-commerce site “HANEDA Shopping” in May andlaunched a new service “TORIYOSE,” which allows customers to purchase carefully selected special products
from various regions of Japan, in addition to offering Haneda Airport exclusive products such as “in-flightmeals from around the world” to expand earnings.
In terms of management foundation, we are continuing to work on improving the labor efficiency inaddition to the compensation and benefits. Moreover, through strengthening various training programs for
professional development, internal branding project called “Plus One Promotion” and other initiatives, we aim
talents who “Think by oneself and take on challenges” to excel and aim to foster a corporate culture in which
diverse workforce promote each other’s growth. Our digital transformation strategy (“DX”) promotes DX fromtwo perspectives: “offensive DX,” which uses the power of digital technology to drive business transformation,and “defensive DX,” which streamlines existing operations. By implementing such strategy, we pursue
transformation and evolution through the use of digital technology, including data-driven management andoperational efficiency improvement.
With respect to our sustainability efforts, we are promoting initiatives to realize a carbon neutral society,such as concluding a partnership agreement for a collaborative study with ENEOS Corporation to jointly study
the use of CO2-free hydrogen at Haneda Airport, and an initial agreement with Euglena Co., Ltd. tocommercialize the supply and sale of SAF (Sustainable Aviation Fuel) to airlines at Haneda Airport.
As a result of the above, with respect to the consolidated financial results for the first three months of fiscal
year ending March 31, 2025, operating revenues was ¥65,337 million (an increase of 42.0% year-on-year).
-2-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)

Operating expenses increased due to increase in sales and expansion of terminal operations, but the increase insales at international terminal stores among other factor was the driving force and as a result, operating income
was ¥10,926 million (an increase of 97.9% year-on-year), ordinary income was ¥10,712 million (an increase of
113.6% year-on-year) and quarterly net income attributable to owners of the parent was ¥6,131 million (anincrease of 73.5% year-on-year).
(Millions of yen)

Operating Results

First Three Months of FY2023(ended June 30, 2023)

First Three Months of FY2024(ended June 30, 2024)

Year-on-Year(%)

45,996
20,55022,207
3,239
5,520
5,014

65,337
24,691
36,767
3,879
10,926
10,712

42.0
20.2
65.6
19.7
97.9
113.6

3,534

6,131

73.5

Operating revenues[Facilities Management][Merchandise Sales][Food and Beverage]
Operating income
Ordinary income
Quarterly net income attributable toowners of the parent

Haneda Airport Passenger Terminal was awarded the world’s highest standard “5-star Airport” rating forthe tenth consecutive year in the “World Airport Star Rating” conducted by SKYTRAX of the United Kingdom.
In the “WORLD AIRPORT AWARDS 2024”, we were awarded first place in the “World’s Cleanest Airports”(for the ninth consecutive year), “World’s Best Domestic Airports” (for the twelfth consecutive year), and“World’s Best PRM* / Accessible Facilities” (for the sixth consecutive year). In addition, Haneda Airport was
ranked third in the “Best Airports in Asia”, a comprehensive evaluation of airports in Asia and fourth in the“World’s Best Airports”, a comprehensive evaluation of airports.
(* PRM: Persons with Reduced Mobility which means the elderly, person with disability or injury.)
The JAT Group will continue to strive to improve convenience, comfort, and functionality while
establishing absolute safety at the passenger terminal, which is a social infrastructure, and to contribute to thecontinuous creation of value at Haneda Airport and the further growth of air transportation, thereby enhancing
our corporate value.

-3-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)

Overview by Segment
The following is a breakdown of earnings / (loss) by segment. Note that the figures for operating revenuesof each segment include intersegment sales and the figures for operating income / (loss) are equivalent to thosefor segment income / (loss).
[Facilities Management](Millions of yen)

Operating Results

First Three Months of FY2023(ended June 30, 2023)

First Three Months of FY2024(ended June 30, 2024)

Year-on-Year(%)

20,5504,846
11,6994,005
729
21,2804,151

24,691
5,081
14,086
5,522
799
25,490
5,287

20.2
4.9
20.4
37.9
9.5
19.8
27.4

Sales to external customers
Rent revenue
Facility user charges revenue
Other revenues
Intersegment sales and transfers
Total of Operating Revenues
Segment income

Rent revenue increased from the previous year primarily due to the increase in rent income on a percentage
basis.
Revenue from facility user charges increased from the previous year primarily due to the increase in revenue
from passenger service facility charge (“PSFC”) for international flights despite the decrease in revenue from PSFC
for domestic flights.
Other revenues increased from the previous year primarily due to the increase in revenue from directly
managed foreign exchange store, paid lounge sales and revenue from advertisement within terminal buildings.
On the expense side, the costs for terminal maintenance and management, such as outsourcing andcommission costs and rent expenses have increased in line with the increase in passenger volume and priceincreases.
As a result, operating revenues from facilities management operations was ¥25,490 million (an increase of
19.8% year-on-year). Operating income for the segment was ¥5,287 million (an increase of 27.4% year-on-year).
[Merchandise Sales](Millions of yen)

Operating Results

First Three Months of FY2023(ended June 30, 2023)

First Three Months of FY2024(ended June 30, 2024)

Year-on-Year(%)

22,2073,014

36,767
3,207

65.6
6.4

13,571

24,739

82.3

5,621
316
22,524
3,710

8,821
416
37,184
8,034

56.9
31.4
65.1
116.5

Sales to external customers
Sales at domestic terminal stores
Sales at international terminal
storesOther revenues
Intersegment sales and transfers
Total of Operating Revenues
Segment income

Sales at domestic terminal stores increased from the previous year despite the decrease in the number ofdomestic passengers from the previous year. This is due to increase in the number of stores following the openingof the Haneda Sanchokukan in December 2023 and increase in the number of customers and unit purchase priceas a result of measures such as the hosting of events and changes in merchandising.
Sales at international terminal stores increased significantly from the previous year due to increase in thenumber of international passengers at Haneda Airport, Narita Airport, and other airports, as well as increase in
the number of customers and unit purchase price at duty free stores. The unit purchase price at duty-free storesat Haneda Airport improved by more than 20% from the same period of last year, due to the impact of thedepreciation of yen and a significant increase in the number of Chinese passengers, which had been slow torecover in the previous year. In addition, due to the normalization of store operating hours, the number ofpurchasing customers increased faster than the rate of increase in the number of passengers.
Other revenues increased from the previous year because of the increase in revenue for the wholesaling
business due to the increase in passengers for international flights at other airports.
On the expense side, cost of goods sold, outsourcing and commission expenses, and rent paid to other airport
stores have increased in line with the increase in sales.
-4-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)

As a result, operating revenues from merchandise sales operations was ¥37,184million (an increase of
65.1% year-on-year) and operating income for the segment was ¥8,034 million (an increase of 116.5% year-onyear).
[Food and Beverage](Millions of yen)

Operating Results

First Three Months of FY2023(ended June 30, 2023)

First Three Months of FY2024(ended June 30, 2024)

Year-on-Year
(%)

3,239

3,879

19.7

1,654

1,981

19.7

1,309
274
156
3,395
(131)

1,604
293
216
4,095
31

22.5
6.9
38.5
20.6
-

Sales to external customers
Sales from food and beverage
storesSales from in-flight meals
Other revenues
Intersegment sales and transfers
Total of Operating Revenues
Segment income/(loss)

Sales from food and beverage operations increased from the previous year primarily due to normalizationof restaurant operations that were closed or shortened in the previous year.
Sales from in-flight meals increased from the previous year due to increase in passenger volume of theforeign carriers at Haneda Airport and Narita Airport.
As a result, operating revenues from food and beverage operations was ¥4,095 million (an increase of 20.6%
year-on-year). Despite the decrease in number of passengers for domestic flights and the increase in labor costs,
operating income for the segment was ¥31 million (compared to operating loss of ¥131 million during the same
period of the previous year).

-5-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)(2) Explanation of Financial Position[Assets]
Current assets increased by ¥2,282 million from the previous fiscal year end to ¥123,038 million primarily
because of the increase in accounts receivable with respect to sale of merchandise. Fixed assets decreased by¥4,435 million from the previous fiscal year end to ¥335,231 million primarily due to depreciation. As a result,
total assets decreased by ¥2,153 million from the previous fiscal year end to ¥458,270 million.
[Liabilities]
Total liabilities decreased by ¥6,358 million from the previous fiscal year end to ¥288,028 million primarily
due to the payment of income taxes payable.
[Net Assets]
Total net assets increased by ¥4,205 million from the previous fiscal year end to ¥170,242 million primarily
due to the increase in quarterly net income attributable to owners of the parent despite the payment of dividends.
As a result, the equity ratio was 37.1% (compared to 36.5% at the previous fiscal year end).

-6-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)(3) Explanation of Consolidated Financial Forecasts and Other Forward-looking Statements
During the first quarter (April-June) of the fiscal year ending March 31, 2025, the number of passengers at
Haneda Airport fell below the forecast for domestic flights, but the number of passengers for international flights
exceeded the forecast. As for the consolidated financial results, revenue from facility user charges among otherwas higher than expected. In addition, with respect to merchandise sales, sales at international terminal stores
significantly exceeded the forecast primarily due to the elimination of lines at checkout counters, the securingof ample inventories, and the implementation of in-store events, and the depreciation of the yen in the foreignexchange market. As a result, operating revenues and operating income both exceeded the forecast.
In addition, both passenger volume and merchandise sales have continued to show the same trend as in thefirst quarter, and consolidated financial results for the second quarter (July-September) are also expected to
exceed the forecast.
Therefore, we have decided to revise the consolidated financial forecasts for the first half and full year
announced on May 10, 2024, taking into account the first quarter results and current situation.
Looking ahead, while international passenger volume is expected to remain strong, we will continue toclosely monitor the business environment as uncertainty is possible due to fluctuations in foreign exchange rates,
as well as the impact of price increases in a wide range of goods and services.
We will announce the dividend forecast after our review of the financial results for the first half.
Revisions to consolidated earnings forecasts for the first half of FY2024 (April 1, 2024-September 30, 2024)(Millions of yen)
Operatingrevenues

OperatingincomeOrdinary
incomeNet income
attributable toowners of theparent

Net income /per share(Yen)

Previous Forecasts (A)124,300

15,40014,200

8,700

93.41

Forecasts on Aug. 7 (B)135,000

21,70020,90012,100129.92

Change (B-A)
Change (%)
Reference: The first half of
FY 2023 results

10,700
8.6

6,300
40.9

6,700
47.2

3,400
39.1

100,148

13,50812,481

8,234

88.41

Revisions to consolidated earnings forecasts for FY2024 (April 1, 2024-March 31, 2025)(Millions of yen)
Operatingrevenues

OperatingincomeOrdinary
incomeNet income
attributable toowners of theparent

Net income /per share(Yen)

Previous Forecasts (A)253,800

27,10024,30015,500166.42

Forecasts on Aug. 7 (B)264,500

33,40031,00018,900202.93

Change (B-A)
Change (%)
Reference:
FY
results

10,700
4.2

6,300
23.2

6,700
27.6

3,400
21.9

217,578

29,52727,225

19,2552023-7-

206.75

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)

2. Quarterly Consolidated Financial Statements and Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)

ASSETS
Current assets
Cash and deposits
Accounts receivable
Securities
Merchandise and finished products
Raw materials and stored goods
Other current assets
Allowance for doubtful accounts
Total current assets
Fixed assets
Tangible fixed assets
Buildings and structures
Accumulated depreciation and impairment loss
Buildings and structures (net)
Machinery, equipment and vehicles
Accumulated depreciation and impairment loss
Machinery, equipment and vehicles (net)Land
Lease assets
Accumulated depreciation and impairment loss
Lease assets (net)
Construction in progress
Other tangible fixed assets
Accumulated depreciation and impairment loss
Other tangible fixed assets (net)Total tangible fixed assets
Intangible fixed assets
Leasehold right
Other intangible fixed assets
Total intangible fixed assets
Investments and other assets
Investment securities
Deferred tax assets
Net defined benefit assets
Other investments
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
TOTAL ASSETS-8-

FY2023(As of March 31, 2024)

First Three Months of
FY2024(As of June 30, 2024)

65,39522,93520,000
7,850
357
4,335
(118)
120,756

84,754
24,776
8,270
345
5,027
(135)
123,038

567,151(362,651)
204,499
35,199(23,255)
11,944
12,9073,663(2,497)1,165
29,51370,862(60,960)
9,901
269,932

567,265(367,433)
199,832
35,177(23,707)
11,46912,9073,683(2,607)
1,076
30,414
71,210(61,634)
9,576
265,276

27,826
3,415
31,24227,3653,501
30,86722,248
10,919
1,841
3,682
(199)
38,492
339,667
460,423

22,198
11,339
1,878
3,871
(199)
39,088335,231458,270

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)(Millions of yen)

LIABILITIESCurrent liabilities
Accounts payable
Short-term loans payable
Current portion of bonds
Accrued expenses
Income taxes payable
Allowance for employees’ bonuses
Allowance for directors’ bonuses
Other current liabilities
Total current liabilities
Fixed liabilities
Bonds
Long-term loans payable
Lease obligations
Deferred tax liabilities
Allowance for directors’ retirement benefits
Net defined benefit liabilities
Asset retirement obligations
Other fixed liabilities
Total fixed liabilities
TOTAL LIABILITIESNET ASSETS
Shareholders’ equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
TOTAL NET ASSETSTOTAL LIABILITIES AND NET ASSETS-9-

FY2023(As of March 31, 2024)

First Three Months of
FY2024(As of June 30, 2024)

11,908
16,615
10,00012,657
4,582
2,279
282
12,26870,594

12,881
16,962
10,00014,355
2,427
1,088
73
8,730
66,51844,988155,398
811
11,879
31
4,208
636
5,837
223,792
294,386

44,949153,398734
11,753
4,325
638
5,710
221,509
288,028

38,12654,16072,379(13)
164,652

38,12654,16074,599(13)
166,872

3,018
(445)
152
794
3,520
(2,135)
166,036
460,423

2,660
(414)
180
767
3,192
176
170,242458,270

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)(2) Quarterly Consolidated Statements of Income and Quarterly Consolidated Statements of Comprehensive
IncomeQuarterly Consolidated Statements of Income(Millions of yen)

Operating revenues
Rent revenue
Facility user charges revenue
Other revenues
Sale of merchandise
Sale of food and beverage
Total operating revenues
Cost of sales
Cost of sales of merchandise
Cost of sales of food and beverage
Total cost of sales
Gross profit
Selling, general and administrative expenses
Salaries and wages
Provision for employees’ bonuses
Expenses for retirement benefits
Provision for directors’ bonuses
Rent expenses
Outsourcing and commission
Depreciation expenses
Other costs and expenses
Total selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Loss on retirement of fixed assets
Miscellaneous expenses
Total non-operating expenses
Ordinary income- 10 -First Three Months of
FY2023(from April 1, 2023
to June 30, 2023)

First Three Months of
FY2024(from April 1, 2024
to June 30, 2024)

4,846
11,6994,106
22,1793,165
45,996

5,081
14,086
5,716
36,7183,733
65,337

12,978
1,791
14,77031,226

21,301
2,129
23,43041,906

2,654
766
182
47
2,722
4,905
6,971
7,456
25,706
5,520

3,074
1,051
141
65
3,983
7,221
6,886
8,554
30,98010,926

5
39
32
200
278

47
333
45
252
678

753
13
18
784
5,014

819
47
26
893
10,712

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)(Millions of yen)

Extraordinary gains
National subsidies
Other extraordinary gains
Total extraordinary gains
Extraordinary loss
Loss on reduction entry of fixed assets
Loss on valuation of investment securities
Total extraordinary loss
Quarterly income before income taxes and non-controllinginterests
Income taxes – current
Quarterly income
Quarterly net income attributable to non-controllinginterests
Quarterly net income attributable to owners of the parent- 11 -First Three Months of
FY2023(from April 1, 2023
to June 30, 2023)

First Three Months of
FY2024(from April 1, 2024
to June 30, 2024)

117
20
138

87
87

104
104

84
500
584

5,048

10,215

1,213
3,834

1,810
8,404

299

2,273

3,534

6,131

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)

Quarterly Consolidated Statements of Comprehensive Income(Millions of yen)

Quarterly income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains (losses) on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of associates
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:Comprehensive income attributable to owners of theparentComprehensive income attributable to non-controllinginterests- 12 -First Three Months of
FY2023(from April 1, 2023
to June 30, 2023)
3,834First Three Months of
FY2024(from April 1, 2024
to June 30, 2024)
8,404

697
(146)
4
(5)

(364)
73
27
(22)

(2)

(0)

547
4,382

(287)
8,117

4,156

5,804

225

2,313

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)(3) Notes on Quarterly Consolidated Financial Statements(Notes on the Premise of a Going Concern)
Not applicable(Notes on a Significant Change in Shareholders’ Equity)
Not applicable(Adoption of Special Accounting Methods for Preparation of Quarterly Consolidated Financial Statements)
Calculation of tax expenses
The effective tax rate on income before taxes for the consolidated fiscal year including the first quarter after theapplication of tax effect accounting is reasonably estimated, and that estimated rate is applied to quarterly income
before taxes to calculate estimated tax expenses. However, in cases where the use of such an estimated effective
tax rate would result in a significant lack of rationality, the statutory effective tax rate is applied.
(Changes in Accounting Policies)
Adoption of Accounting Standard for Current Income Taxes
The Company has adopted Accounting Standard for Current Income Taxes (Accounting Standards Board of Japan(ASBJ) Statement No. 27, October 28, 2022; hereinafter referred to as the “Revised Accounting Standard 2022”)
and relevant revised ASBJ regulations from beginning of the first quarter of the fiscal year ending March 31, 2025.
The amendment to categories in which current income taxes should be recorded (taxes on other comprehensive
income) follows the transitional treatment prescribed in the proviso of paragraph 20-3 of the Revised AccountingStandard 2022 and the transitional treatment prescribed in the proviso (2) of paragraph 65-2 of the Implementation
Guidance on Tax Effect Accounting (ASBJ Guidance No. 28, October 28, 2022; hereinafter referred to as the“Revised Implementation Guidance 2022”). There is no impact of this change on the consolidated financial
statements for the first quarter of the current fiscal year.
For the amendment related to the revised accounting treatment for consolidated financial statements when gains
or losses on sale of shares in subsidiaries resulting from transactions between consolidated companies weredeferred for tax purposes, the Revised Implementation Guidance 2022 has been adopted from beginning of thefirst quarter of the current fiscal year. This change in accounting policies is applied retrospectively, and quarterly
consolidated financial statements and consolidated financial statements for the previous year are after
retrospective application. This change in accounting policies has no impact on the quarterly consolidated financial
statements for the same quarter of the previous fiscal year and the consolidated financial statements for theprevious fiscal year.
(Notes on Quarterly Consolidate Statements of Cash Flows)
Quarterly consolidated statements of cash flows for the first three months of the fiscal year ending March 31,
2025 have not been prepared. Depreciation and amortization (including amortization related to intangible assets)
for the first three months of the current fiscal year is as follows:(Millions of Yen)First Three Months of FY2023(from April 1, 2023
to June 30, 2023)
Depreciation

6,988- 13 -First Three Months of FY2024(from April 1, 2024
to June 30, 2024)
6,902

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2025 (FY2024)(Segment Information)
Segment Information
I.

First three months of FY2023 (from April 1, 2023 to June 30, 2023)
1. Sales and income (loss) by reportable segment(Millions of yen)

Reportable segments

Operating revenues
Sales to externalcustomers
Intersegment sales
and transfers
Total
Segment income/(loss)(Notes)Adjustments

Food andBeverage

Quarterly
consolidated
financialstatements Note 2

Facilities
Management

Merchandise
Sales

20,55022,2073,239

45,996-45,996

729

316

156

1,203

(1,203)-

21,2804,151

22,524
3,710

3,395
(131)

47,2007,730(1,203)(2,209)45,996
5,520

Total

Note 1

1. Adjustments to the segment income include ¥2,218 million of administration expenses for administration divisions at parent company’shead office and some of the subsidiaries which are not allocated to each of the reportable segments.
2. Segment income is adjusted with operating income recorded in the Quarterly Consolidated Statements of Income.

2. Information on impairment loss on fixed assets and goodwill, etc., by reportable segment
Not applicable

II. First three months of FY2024 (from April 1, 2024 to June 30, 2024)
1. Sales and income by reportable segment(Millions of yen)

Reportable segments

Operating revenues
Sales to externalcustomers
Intersegment sales
and transfers
Total
Segment income(Notes)Adjustments

Food andBeverage

Quarterly
consolidated
financialstatements Note 2

Facilities
Management

Merchandise
Sales

24,691

36,7673,879

65,337-65,337

799

416

216

1,432

(1,432)-25,4905,287

37,184
8,034

4,095
31

66,77013,353(1,432)(2,427)65,337
10,926

Total

Note 1

1. Adjustments to the segment income include ¥2,429 million of administration expenses for administration divisions at parent company’shead office and some of the subsidiaries which are not allocated to each of the reportable segments.
2. Segment income is adjusted with operating income recorded in the Quarterly Consolidated Statements of Income.

2. Information on impairment loss on fixed assets and goodwill, etc., by reportable segment
Not applicable- 14 -