Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016) [J-GAAP](Consolidated)
November 9, 2016
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.

Company name:
Code number:
Representative:
Contact:

Japan Airport Terminal Co., Ltd.
Listed stock exchange: Tokyo, 1st Section
9706
URL: http://www.tokyo-airport-bldg.co.jp/
Nobuaki Yokota, President
Kazuhito Tanaka, Managing Director
TEL 03-5757-8030
Scheduled date of filing securities report:
November 14, 2016
Scheduled date of commencing dividend payment:
December 6, 2016
Supplementary materials on financial results (yes/no)
Yes
Holding of quarterly earnings announcement (yes/no)
Yes (for institutional investors and financial analysts)(Figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the First Six Months of FY2016 (April 1, 2016 to September 30, 2016)(1) Consolidated Business Results (Cumulative)%: Change from the same period of the previous year

Operating revenues
First Six Monthsof

Net income attributable toowners of the parent

Ordinary income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

99,840100,080

(0.2)
21.6

4,464
6,578

(32.1)
30.6

6,237
7,729

(19.3)
24.8

4,296
5,277

(18.6)
33.9

FY2016FY2015(Note) Comprehensive income:First Six MonthsofOperating income

First six months of FY2016 ¥4,677 million (-18.3%) First six months of FY2015 ¥5,726 million (27.3%)

Net income per
share
Yen

Diluted net income
per share
Yen

52.89
64.97

50.46
62.02

FY2016FY2015(2) Consolidated Financial Position
Total assets

Net assets per share

Millions of yen

Millions of yen%

Yen

209,883
222,542

121,675
118,39456.8
52.1

1,466.61
1,427.66

As of September 30, 2016
As of March 31, 2016
(Reference) Equity capital:

Equity capital tototal assets

Net assets

As of September 30, 2016 ¥119,131 million

As of March 31, 2016 ¥115,967 million

2. Dividends
Dividends per share
Q1-EndFY2015FY2016FY2016 (Forecast)

Q2-EndQ3-EndYear-End

Annual

Yen

Yen

Yen

Yen

Yen

-

15.00
16.00

-

18.00

33.00

-

16.00

32.00

(Note) Revisions to the most recently announced dividends forecast for FY2016: Yes
For the revision of dividends forecast, please refer to the “Announcement of the dividend of retained earnings (interim dividend) and revision of thedividend forecast” announced on November 9, 2016 (in Japanese only).

3. Forecast of Consolidated Financial Results for FY 2016 (April 1, 2016 to March 31, 2017)%: Change from the same period of the previous year

Full-year

Net income attributableto owners of the parent

Ordinary income

Net income
per share

Operating revenues

Operating income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

202,900

(0.6)

8,800

(22.1)

11,400(16.5)

7,200(18.8)

88.64(Note) Revisions to the most recently announced forecast of consolidated financial results for FY2016: None

* Notes(1) Significant changes in subsidiaries during the period under review (changes in specified subsidiaries involving changes in scope of
consolidation): None
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 5 of the appendix materials “2. Summery (Notes) Information (2) 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.: None
2) Changes in accounting policies other than 1) above: None
3) Changes in accounting estimates: None
4) Restatement of revisions: None
(4) Number of shares outstanding (common stock)1) Number of shares outstanding at the period-end (including treasury stock):
As of September 30, 2016
84,476,500 shares
As of March 31, 2016
2) Number of treasury stock at the period-end:
As of September 30, 2016
3,247,431 shares
As of March 31, 2016
3) Average number of shares outstanding (quarterly consolidated cumulative period):
Second quarter of FY2016
81,229,045 shares
Second quarter of FY2015

84,476,500 shares
3,247,422 shares
81,229,222 shares* Implementation status of quarterly review procedures
The quarterly review procedure based on the Financial Instruments and Exchange Act does not apply to this Financial Report, andthe quarterly review procedure based on the Financial Instruments and Exchange Act had not been completed as of the release of thisFinancial Report.

* 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 precautionary statements regarding the use of the forecasts, please refer to page 4 of the appendix materials“1.Qualitative Information on Consolidated Financial Results for the First Six Months of FY2016 (3) Explanation of Consolidated
Financial Forecasts and Other Forward-looking Statements”.
Supplementary materials on quarterly financial results and details of presentation at earnings announcement
Earnings announcement is planned to be held on November 17, 2016 for institutional investors and financial analysts. Video of thepresentation will be promptly posted on the Company’s website following the meeting.

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)

Contents of the Appendix Materials
1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST SIX MONTHS OF
FY2016 (APRIL 1, 2016 TO SEPTEMBER 30, 2016) .............................................................................................................................. - 2 (1) EXPLANATION OF OPERATING RESULTS ...................................................................................................................... - 2 (2) EXPLANATION OF FINANCIAL POSITION ...................................................................................................................... - 4 (3) EXPLANATION OF CONSOLIDATED FINANCIAL FORECASTS AND OTHER FORWARD-LOOKING STATEMENTS .................... - 4 2. SUMMARY (NOTES) INFORMATION ............................................................................................................................................... - 5 (1) SIGNIFICANT CHANGES IN SUBSIDIARIES DURING THE PERIOD UNDER REVIEW ........................................................... - 5 (2) ADOPTION OF SPECIAL ACCOUNTING METHODS FOR PREPARATION OF QUARTERLY CONSOLIDATED FINANCIAL
STATEMENTS........................................................................................................................................................... - 5 (3) CHANGES IN ACCOUNTING POLICIES, ACCOUNTING ESTIMATES, AND RESTATEMENT OF REVISIONS ............................ - 5 (4) ADDITIONAL INFORMATION.......................................................................................................................................... - 5 3. QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS ...................................................................................................... - 6 (1) QUARTERLY CONSOLIDATED BALANCE SHEETS ........................................................................................................... - 6 (2) QUARTERLY CONSOLIDATED STATEMENTS OF INCOME AND QUARTERLY CONSOLIDATED STATEMENTS OF COMPREHENSIVEINCOME .................................................................................................................................................................. - 8 Quarterly Consolidated Statements of Income ................................................................................................................ - 8 Quarterly Consolidated Statements of Comprehensive Income ........................................................................................ - 10 (3) NOTES ON QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS .............................................................................. - 11 (NOTES ON THE PREMISE OF A GOING CONCERN) ........................................................................................................... - 11 (NOTES ON A SIGNIFICANT CHANGE IN SHAREHOLDERS’ EQUITY) ................................................................................... - 11 (SEGMENT INFORMATION, ETC.) ..................................................................................................................................... - 11 --1-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)

1. Qualitative Information on Consolidated Financial Results for the First Six Months of FY2016(April 1, 2016 to September 30, 2016)(1) Explanation of Operating Results
During the first six months of the fiscal year ending March 31, 2017, the Japanese economy experienced
a gradual trend of recovery despite some weakness observed. Looking ahead, continuing improvement in
employment and income, coupled with various government policies, is expected to support moderate economic
recovery. Nevertheless, with signs of weakness seen in overseas economies, the prospect of economic
downturns in Asian emerging countries including China and natural resource-rich countries and the uncertainty
in overseas markets heightened by Britain’s vote to leave EU pose a risk that could spill over and weaken theJapanese domestic economy.
The airline industry needs to further strengthen its competitiveness for a number of reasons that aretransforming our business environment, including increased competition caused by industry liberalization(open skies agreements) and expansion of routes by low-cost carriers (LCCs), reform of airport management
structures aimed at enhancing efficiency by integrating airport land and terminal building operations, andmovements aimed at strengthening functions of metropolitan airports. Furthermore, the Japanese government
revised upward its target for annual inbound tourists to Japan in 2020 from its previous target of 20 million to
40 million in order to meet the new challenge of a tourism-oriented developed nation, and the annual target
for 2016 has already been achieved by October 2016.
A review of passenger volume during the first six months shows that passengers on domestic flights at
Haneda Airport increased compared to the same period during the previous year. Passenger volume oninternational flights at Haneda Airport, Narita International Airport, and Kansai International Airport during
the first six months rose year-on-year since monthly number of inbound tourists continued to see its record
high.
Under these circumstances, JAT Group decided to lay out its new long-term vision of “To be a World Best
Airport” so that we can achieve sustainable growth through the creation of new businesses and the generation of
profits, while aiming to be an airport that satisfies the needs of all stakeholders. Based on this long-term vision,
the new medium-term business plan (FY2016 to FY 2020) identifies three strategic pillars: 1) Pursuit of theideal of Haneda Airport, 2) Expansion of our business domain utilizing our strengths and the diversification of
profits, and 3) Reconstruction of our profit base and the building of competitive advantages. We will continue toreposition and strengthen our organizational and governance structure to ensure that we effectively implement
these strategies.
In pursuit of the ideal Haneda Airport, we sought to enhance customer convenience, comfort, andfunctionality of the airport by creating facilities that are more user-friendly to both domestic and internationalcustomers, such as the opening of a multi-purpose restroom equipped with a dressing room, nursing room, andtoilets for children at Terminal 1. Furthermore, we started the “Haneda Robotics Lab” project in September
2016 which introduces the experimental use of robots at Haneda to evaluate their technology. These efforts aredesigned to introduce Japanese technology and to provide superior services that offer safety, security, andconvenience to airport users by taking advantage of Haneda’s strength in distributing information. Keeping thefuture of the airport’s operation in mind, we will continue to strive to create new value and improve service
quality and convenience for our customers.
To expand and diversify our business domain leveraging our strengths, as part of our efforts to create a
new market, we opened an airport-style in-city duty-free shop (Japan Duty Free GINZA) on the eighth floor of
the Mitsukoshi Ginza department store on January 27, 2016, and Air BIC CAMERA at Haneda’s internationalterminal that offers popular products among foreign tourists including electronics on April 27, 2016. So-called“buying spree” phenomenon has continued to weaken since the latter half of the last year, and related revenue
fell considerably short of its target in the first six months. We will try to generate profit by taking advantage ofconsumption by inbound tourists that are expected to grow in the mid- to the long-term.
As a result, consolidated operating revenues for the cumulative fiscal first half (April 1, 2016 September 30, 2016) fell 0.2% compared with the same period of the previous year to ¥99,840 million.
Operating income decreased to ¥4,464 million (down 32.1% year-on-year), ordinary income to ¥6,237
million (down 19.3% year-on-year) and net income (attributable to owners of the parent) to ¥4,296 million(down 18.6% year-on-year).
Haneda Airport’s passenger terminals were awarded first place both in the World’s Best Domestic
Airport category (for the fourth year in a row) and in the World's Best Airport Cleanliness category in March
2016 in the Global Airport Ranking conducted by Skytrax in the UK. Furthermore, in September 2016, being
recognized as meeting the global best standard, we earned 5-Star Airport status for the third year in a row. In
a bid to further enhance our reputation, we will work cooperatively as an entire airport to move together inour preparations for the 2020 Tokyo Olympics and Paralympics Games. With the highest priority placed on
airport customers, we will ensure the safety of the airport and will provide services that offer exceptionalcustomer convenience, comfort, and functionality. Aiming to be the world’s best passenger terminal and to-2-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)

earn the long-term trust of customers, we are committed to contributing to the advancement of airtransportation.
The following is a breakdown of earnings by segment. Note that the figures for operating income are
equivalent to those for segment income.
[Facilities Management]
Rental revenue slightly rose from the same period during the previous year due to an increase in general
rent spaces at domestic passenger terminals at Haneda Airport.
Revenue from facility user charges rose from the same period during the previous year because a growthin domestic passenger volume increased user charges revenue for domestic terminal facilities.
Other revenues rose from the same period during the previous year because revenue from outsourcing
business at Haneda’s international terminal and revenue from advertisement increased.
As a result, operating revenues from facilities management operations increased to ¥27,619 million (up6.4% year-on-year). Operating income for the segment was ¥3,349 million (up 2.1% year-on-year) due to anincrease in maintenance and other costs.
[Merchandise Sales]
Sales at domestic terminal stores slightly rose from the same period during the previous year primarily
due to an increase in domestic passenger volume.
Sales at international terminal stores decreased from the same period during the previous year, since theso-called “buying spree” phenomenon has continued to weaken since last year and the resulting negative impact
was seen at Narita Airport and Kansai International Airport, which more than offset the addition of revenue
from the opening of an airport-style in-city duty-free shop.
Other revenues (wholesale) fell due to a decrease in the wholesaling of products to other airports, despite
an increase in the wholesaling of products to stores at Haneda’s international terminal which saw growinginternational passenger volume.
As a result, operating revenues from merchandise sales operations decreased to ¥64,113 million (down
4.1% year-on-year) and operating income decreased to ¥3,310 million (down 40.1% year-on-year), coupledwith increased marketing costs at in-city duty-free shop.
[Food and Beverage]
Sales from food and beverage operations increased from the same period during the previous year as aresult of growth in domestic passenger volume.
Sales from in-flight meals rose from the same period during the previous year since foreign carriers, ourclients in this business, increased their flights and we also acquired a new client.
Other revenues increased significantly due to an increase in outsourcing business at Haneda’s
international passenger terminal.
As a result, operating revenues from food and beverage operations increased to ¥10,701 million (up 8.8%
year-on-year) and operating income for the segment increased to ¥370 million (up 23.6% year-on-year),coupled with various cost savings.
(Challenges that the Company Faces)
During the term under review, there were no significant changes in the challenges facing the Company.
In the airline industry, a number of changes are transforming our business environment, including increased
competition caused by industry liberalization (open skies agreements) and expansion of routes by low-costcarriers (LCCs), reform of airport management structures aimed at enhancing efficiency by integrating airport
land and terminal building operations, and movements aimed at strengthening the functions of metropolitan
airports. Furthermore, in March 2016, the Japanese government revised upward its target for annual inboundtourists in 2020 from its previous target of 20 million to 40 million to move toward the new goal of
tourism-oriented developed nation, and its annual target for 2016 has already been achieved by October 2016.
These changes call for the competitiveness of the industry to be strengthened.
In order to respond to these changes, it is essential for us to further strengthen our competitiveness throughefforts to expand business outside of the airport by leveraging our know-how as well as strengthening business at
Haneda Airport.
Under these circumstances, JAT Group decided to lay out its new long-term vision of “To be a World Best
Airport” so that we can achieve sustainable growth through the creation of new businesses and the generation of
profits, while aiming to be an airport that satisfies the needs of all stakeholders. Based on this long-term vision,
the new medium-term business plan (FY2016 to FY 2020) identifies three strategic pillars: 1) Pursuit of the idealof Haneda Airport, 2) Expansion of our business domain utilizing our strengths and the diversification of profits,
and 3) Reconstruction of our profit base and the building of competitive advantages. We continue to reposition-3-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)

and strengthen our organizational and governance structure to ensure that we effectively implement thesestrategies.
Specifically, we will steadily make preparations for the Tokyo Olympic and Paralympic Games and ensurethat domestic Terminal 2 will be partially used for international flights in line with the 39,000 annual increase of
departure and landing slots. This effort is in line with the Ministry of Land, Infrastructure, Transport andTourism’s budget guideline for FY2017 that includes an expansion plan for the terminal building that will enable
Haneda to increase its annual departure and landing slots by 39,000 by the year 2020. In terms of the structure ofpartial use of Terminal 2, which we own, for international flights, it has been proposed that we construct and own
the facility and then rent it to Tokyo International Air Terminal Corporation. The plan will not only contribute toour revenue and profits, but will also further strengthen hub functions between domestic and internationalterminals by developing a terminal building that is used for both domestic and international flights. That is
expected to improve the convenience for transiting customers, and eventually contribute to the regional economy
and revitalization of regional airports. In recognizing the importance of this initiative, we are committed tomoving ahead with this project.
We continue to ensure the world’s top level of safety required for the gateway to Japan. Furthermore, we will
work toward comprehensive branding of Haneda Airport, such as consecutive award-winning of Skytrax’s global
ranking, while promoting regional revitalization efforts as well as the introduction of the latest technology. We
will also expand our business scope through cross-industry alliances and business development efforts outside of
the airport. Moreover, we will renovate the facility to enhance customer satisfaction and improve profits at
Haneda’s domestic passenger terminals and bring more efficiency by improving operations. Through thesemeasures, we will strive to strengthen the business foundation at Haneda Airport.
In marketing, our main challenge in the short term lies in duty-free business in city central locations. We willtake measures needed to improve its profitability of existing stores so that we will benefit from growing domestic
consumption made by inbound travelers which are expected to increase in the mid- to the long-term. Furthermore,
we will work to implement our medium-term business plan by promoting an environment that helps
value-creation, increasing opportunities to have dialogues with shareholders and investors, as well as
restructuring and strengthening our organizational structure and corporate governance framework to increase thecertainty of specific measures.
The JAT Group will continue to strengthen its collaboration with airline companies and contribute toenhance the function of metropolitan airports by working closely with airline industry.

(2) Explanation of Financial Position[Assets]
Current assets decreased by ¥12,205 million from the previous fiscal year end to ¥61,997 million,
primarily due to a decrease in marketable securities by ¥7,502 million and in cash and deposits by ¥4,333 million,
despite an increase in other current assets by ¥2,257 million.
Fixed assets decreased by ¥454 million from the previous fiscal year end to ¥147,885 million, primarily
due to a decline in tangible fixed assets by ¥1,897 million resulting from the progress of depreciation, despite theincrease of investment securities by ¥948 million.
As a result, total assets decreased by ¥12,659 million from the previous fiscal year end to ¥209,883 million.
[Liabilities]
Current liabilities decreased by ¥11,499 million from the previous fiscal year end to ¥31,857 million,
primarily because other current liabilities decreased by ¥8,491 million and short-term loans payable decreasedby ¥1,314 million.
Fixed liabilities decreased by ¥4,441 million from the previous fiscal year end to ¥56,349 million,
primarily because long-term loans payable decreased by ¥3,892 million.
As a result, total liabilities decreased by ¥15,940 million from the previous fiscal year end to ¥88,207
million.
[Net assets]
Total net assets increased by ¥3,281 million from the previous fiscal year end to ¥121,675 million
primarily because retained earnings increased by ¥2,834 million and deferred losses on hedges improved by¥1,171 million, though valuation differences on available-for-sale securities decreased by ¥982 million.
As a result, equity ratio was 56.8% (compared to 52.1% at the previous fiscal year end).
(3) Explanation of Consolidated Financial Forecasts and Other Forward-looking Statements
During the first six months of FY2016, “explosive buying” phenomenon has continued to weaken since thelatter half of the last year. Purchase prices dropped more than we projected, and sales at an airport-style in-city
duty-free shop significantly stayed below the target level. As a result, sales, operating income, ordinary income,-4-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)

net income attributable to owners of the parent all fell short of previously announced forecasts.
We will try to expand merchandise sales through sales promotions to take advantage of the growth ininbound tourists. Nevertheless, it is projected that merchandise sales in-city duty free shops will also stay below
original forecast in the second half of FY 2016. As a result, sales and profits for the full year of FY 2016 are
expected to fall short of previous forecasts.
Under these circumstances, financial forecasts for the full year of FY 2016 that had been released on May
11, 2016 was revised in “Announcement of Revisions to Financial Forecasts” announced on October 26, 2016.

2. Summary (Notes) Information(1) Significant Changes in Subsidiaries during the Period under Review
None
Although not falling under the category of changes in specified subsidiary, Air BIC Inc. was newly establishedduring the first quarter and included in the scope of consolidation.
(2) 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 second quarter after
the application of deferred tax accounting is reasonably estimated, and that estimated rate is applied to net
income for the quarterly period to calculate estimated tax expenses.
(3) Changes in Accounting Policies, Accounting Estimates, and Restatement of Revisions
None(4) Additional Information(Application of Guidance on Recoverability of Deferred Tax Assets)
From the first quarter ended June 30, 2016, the Company has applied the “Guidance on Recoverability ofDeferred Tax Assets” (ASBJ Guidance No.26 of March 28, 2016).

-5-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)

3. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Millions of yen)

ASSETS
Current assets
Cash and deposits
Accounts receivable
Marketable securities
Merchandise and finished products
Raw materials and stored goods
Deferred tax assets
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
Investments and other assets
Investment securities
Long-term loans receivable
Deferred tax assets
Net defined benefit assets
Other investments
Total investments and other assets
Total fixed assets
TOTAL ASSETS-6-

FY2015(As of March 31, 2016)

First Six Months of
FY2016(As of September 30,
2016)

29,667
17,151
14,002
9,445
137
1,241
2,570
(12)
74,20325,333
14,702
6,500
9,273
143
1,233
4,827
(17)
61,997276,109(189,289)
86,81910,430(8,215)2,214
10,466
1,996(1,034)962
329,758(23,423)6,334
106,801
1,763

277,239(193,195)
84,043
10,419(8,405)
2,013
11,3382,021(1,133)887
729
30,145(24,253)
5,891
104,904
1,954

24,678
6,665
5,384
50
2,995
39,774
148,339
222,542

25,626
6,665
5,761
108
2,863
41,026
147,885
209,883

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)(Millions of yen)

LIABILITIESCurrent liabilities
Accounts payable
Short-term loans payable
Income taxes payable
Allowance for employees’ bonuses
Allowance for directors’ bonuses
Other current liabilities
Total current liabilities
Fixed liabilities
Bonds with stock acquisition rights
Long-term loans payable
Lease obligations
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-salesecurities
Deferred gains (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-7-

FY2015(As of March 31, 2016)

First Six Months of
FY2016(As of September 30,
2016)

8,038
10,666
2,868
1,378
247
20,15743,357

7,142
9,352
2,219
1,365
112
11,66631,85730,122
21,162
761
4,829
458
3,457
60,790104,148

30,10917,270
678
4,605
461
3,223
56,34988,207

17,48921,33779,929(3,244)
115,512

17,48921,337
82,764(3,244)
118,346

4,906

3,923

(3,127)55(1,379)454
2,427
118,394
222,542(1,955)52(1,235)
784
2,544
121,675
209,883

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)(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 revenue
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
Provision for directors’ bonuses
Expenses for retirement benefits
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
Miscellaneous expenses
Total non-operating expenses
Ordinary income-8-First Six Months of
FY2015(from April 1, 2015
to September 30, 2015)

First Six Months of
FY2016(from April 1, 2016
to September 30, 2016)

6,441
8,899
10,48966,494
7,755
100,080

6,494
9,009
12,34963,565
8,376
99,84049,415
5,053
54,46945,61147,7385,312
53,051
46,789

3,984
1,274
112
465
6,100
9,706
5,525
11,86439,033
6,578

4,334
1,274
112
502
6,240
11,602
5,714
12,54242,324
4,464

325
186
798
271
1,581

316
220
1,202
312
2,051

293
135
429
7,729

228
50
279
6,237

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)(Millions of yen)

Extraordinary loss
Loss on valuation of other investments
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-9-First Six Months of
FY2015(from April 1, 2015
to September 30, 2015)

First Six Months of
FY2016(from April 1, 2016
to September 30, 2016)

4
4

0
0

7,725

6,236

2,447
5,278

1,890
4,345

1

49

5,277

4,296

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)

Quarterly Consolidated Statements of Comprehensive Income(Millions of yen)

Quarterly income
Other comprehensive income
Valuation difference on available-for-sale securities
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- 10 -First Six Months of
FY2015(from April 1, 2015
to September 30, 2015)
5,278

First Six Months of
FY2016(from April 1, 2016
to September 30, 2016)
4,345

271
0
100

(992)
(3)
141

75

1,184

447
5,726

331
4,677

5,713

4,626

13

50

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2017 (FY2016)(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(Segment Information, etc.)
Segment Information
I.

First six months of FY2015 (from April 1, 2015 to September 30, 2015)
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)Food andBeverage

Adjustments

Quarterly
consolidated
financialstatements Note2

Facilities
Management

Merchandise
Sales

25,02766,4988,554

100,080-

100,080

934

347

1,282

2,563

(2,563)-25,961
3,280

66,846
5,523

9,837
299

102,644
9,104(2,563)(2,526)

100,080
6,578

Total

Note 1

1. Adjustments to the segment income include ¥2,528 million of administration expenses for the parent company’s administration
divisions and others at head office 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 six months of FY2016 (from April 1, 2016 to September 30, 2016)
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)Food andBeverage

Adjustments

Quarterly
consolidated
financialstatements Note2

Facilities
Management

Merchandise
Sales

26,69863,721

9,420

99,840-99,840

921

391

1,280

2,594

(2,594)-

27,6193,349

64,113
3,310

10,701
370

102,435
7,030(2,594)(2,565)

99,840
4,464

Total

Note 1

1. Adjustments to the segment income include ¥2,571 million of administration expenses for the parent company’s administration
divisions and others at head office 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- 11 -