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, 2024 (FY2023) [J-GAAP](Consolidated)
August 9, 2023
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 filing securities report:
August 10, 2023
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 FY2023 (April 1, 2023 to June 30, 2023)(1) Consolidated Business Results (Cumulative)
Operating revenues(%: Change from the same period of the previous year)

Operating income/(loss)

Net income/(loss)
attributable to owners of
the parent

Ordinary income/(loss)

First Three
Months ofMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

FY2023
FY202245,996
19,371

137.4
61.5

5,520
(6,201)-

5,014(6,436)-3,534(2,651)-(Note) Comprehensive income/loss: First three months of FY2023 ¥4,382 million (-%) First three months of FY2022 ¥-7,416 million

First Three
Months of

Net income/(loss)
per share
Yen

Diluted net income
per share
Yen

37.95
(28.47)-

FY2023
FY2022(2) Consolidated Financial Position
Total assets

As of June 30, 2023
As of March 31, 2023
(Reference) Equity capital:

Equity capital tototal assets

Net assets

Net assets per share

Millions of yen

Millions of yen%

Yen

446,331446,955

143,841
140,95134.3
33.6

1,642.24
1,613.62

As of June 30, 2023 ¥152,952 million

As of March 31, 2023 ¥150,287 million

2. Dividends
Dividends per share
Q1-EndFY2022
FY2023
FY2023 (Forecast)

Q2-EndQ3-EndYear-End

Annual

Yen

Yen

Yen

Yen

Yen

-

0.00

-

16.00

16.00

16.00

-

16.00

32.00

(Note) Revisions to the most recently announced dividends forecast for FY2023: None

3. Forecast of Consolidated Financial Results for FY 2023 (April 1, 2023 to March 31, 2024)(%: Change from the same period of the previous year)

Operating revenues
First half
Full-year
Note:

Operating income

Net income attributableto owners of the parent

Ordinary income

Net income
per share

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

94,600200,000

116.9
76.9

9,600
19,000-8,500
17,000-5,900
11,500-63.35
123.47

1. Revisions to the most recently announced forecast of consolidated financial results for FY2023: Yes
2. With respect to the revisions to the forecast, please see “Notice Concerning Revisions to Earnings Forecasts” announced
on August 9.

* 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 12 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.: 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 June 30, 2023
93,145,400 shares
As of March 31, 2023
2) Number of treasury stock at the period-end:
As of June 30, 2023
9,125 shares
As of March 31, 2023
3) Average number of shares outstanding (quarterly consolidated cumulative period):First quarter of FY2023
93,136,302 sharesFirst quarter of FY2022

93,145,400 shares
8,983 shares
93,136,654 shares* This quarterly financial report is not subject to the quarterly review by certified public accountants or auditing
firms.
* 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 5 of the appendix materials “1.
Qualitative Information on Consolidated Financial Results for the First Three Months of FY2023 (3) Explanation of Consolidated
Financial Forecasts and Other Forward-looking Statements”.

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)

Contents of the Appendix Materials
1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST THREE
MONTHS OF FY2023 (APRIL 1, 2023 TO JUNE 30, 2023) ............................................................................................ - 2 (1) EXPLANATION OF OPERATING RESULTS ................................................................................................... - 2 (2) EXPLANATION OF FINANCIAL POSITION ................................................................................................... - 5 (3) EXPLANATION OF CONSOLIDATED FINANCIAL FORECASTS AND
OTHER FORWARD-LOOKING STATEMENTS ............................................................................................ - 5 2. QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS AND NOTES ...................................................... - 7 (1) QUARTERLY CONSOLIDATED BALANCE SHEETS ....................................................................................... - 7 (2) QUARTERLY CONSOLIDATED STATEMENTS OF INCOME AND QUARTERLY CONSOLIDATED STATEMENTS OFCOMPREHENSIVE INCOME .................................................................................................................... - 9 Quarterly Consolidated Statements of Income ............................................................................................... - 9 Quarterly Consolidated Statements of Comprehensive Income ...................................................................... - 11 (3) NOTES ON QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS ......................................................... - 12 (NOTES ON THE PREMISE OF A GOING CONCERN) ................................................................................. - 12 (NOTES ON A SIGNIFICANT CHANGE IN SHAREHOLDERS’ EQUITY) ........................................................ - 12 (ADOPTION OF SPECIAL ACCOUNTING METHODS FOR PREPARATION OF QUARTERLY CONSOLIDATEDFINANCIAL STATEMENTS) ................................................................................................................... - 12 (ADDITIONAL INFORMATION) ................................................................................................................. - 12 (SEGMENT INFORMATION) ..................................................................................................................... - 13 --1-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)

1. Qualitative Information on Consolidated Financial Results for the First Three Months of FY2023(April 1, 2023 to June 30, 2023)(1) Explanation of Operating Results
During the first three months of the fiscal year ending March 31, 2024 (“FY2023”), although there aresigns of weakness in some parts, the Japanese economy showed a gradual recovery. Looking ahead, it isexpected that the recovery trend will continue, resulting from the effects of various policies, while coexistingwith the new Coronavirus (“COVID-19”) infection. However, the downturn in overseas economies is
becoming downside risks to the Japanese economy amid various issues including the continued tightening ofmonetary policy around the globe. It is also necessary to pay close attention to the impact of price increases,
restrictions on supply chain networks, volatility in the financial and capital markets among other factors.
Under these economic conditions, the airline industry continued to see a steady recovery in demand dueto the full lifting of restrictions on activities within the country and the termination of border control
measures for international flights after the change in status of COVID-19 under the Infectious Diseases
Control Law. During the first three months of FY2023, the number of passengers at Haneda Airport was 1.4
times that of the same period of FY2022 for domestic flights and approximately 90% of the level of 2019
before the impact of COVID-19 hit, while the number of passengers for international flights were just over 7
times that of the same period of FY2022 and approximately 90% of the level of 2019.
Under these circumstances, we are implementing various measures outlined in the new Medium-TermBusiness Plan that the JAT Group has put together to achieve the long-term vision, “To Be a World Best
Airport”.
In terms of facilities, in order to respond to the rapidly recovering international passenger demand bycoordinating with the Japanese Government and the airline companies, we have been preparing to resume theoperation of the Terminal 2 international facilities on July 19 while cooperating with the relevant parties, thatwere suspended due to the pandemic. Meanwhile, with an eye to further improving convenience for various
passengers and to increase the value of time they spend at the airport, we started a demonstration experiment
for a new “Telecommunications Relay Service”, the first of its kind at an airport in Japan, in response to thetermination of the “sign-language phone” service, a sign language-enabled public telephone booth for the
hearing impaired. We also added “International Flights” as a new feature to the My Flight Registration
function of “Haneda Airport”, the official app of Haneda Airport. In addition, we are steadily pushing
forward investment plans for the future by commencing the construction of connection between the satellite
building on the north side of Terminal 2 and the main terminal building and also by proceeding with theselection of the contractor for the construction of the satellite building on the north side of Terminal 1.
In terms of sales, in order to respond to the rapidly recovering international passenger demand, we arelengthening the operating hours of duty-free stores and other stores. We have also renovated stores in the
Terminal 3 lobby area and have opened four new stores since April this year. For domestic flights, we opened
a limited-time store in “HANEDA Sports” to coincide with sporting events and are actively holding events
featuring local products from various regions of Japan. In addition, new products made with carefully chosen
ingredients from Hokkaido were launched exclusively at stores in Haneda Airport and through the
e-commerce site “HANEDA Shopping”. Furthermore, at Narita Airport, “AIRPORT DRUG” was reopened in
the lobby area, and “Clé de Peau Beauté”, “SK-II”, and “Hermes” cosmetic boutiques were opened in the
duty-free area.
In terms of organization, human resources and governance, in addition to strengthening our recruiting
efforts to secure talent, we are also working to improve the compensation and benefits of our employees toachieve high retention. In addition, through an industry-academia collaboration project with the University ofTokyo, expansion of recruitment of people with disabilities, and internal branding project called “Plus One
Promotion” among 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.
With respect to sustainability efforts, we announced our Medium-Term Sustainability Plan taking into
account the analysis of materiality (important issues). We are making company-wide efforts to solve each of
those issues by setting KPIs (Key Performance Indicators) and monitoring their progress. Regarding issues on
climate change, we have begun information disclosure based on the recommendations of the TCFD (Task
Force on Climate-related Financial Disclosures) and will continue to take concrete measures to achieve theCO2 emission reduction targets for 2030 and 2050.
As a result of the above, with respect to the consolidated financial results for the first three months offiscal year ending March 31, 2024, operating revenues was ¥45,996 million (an increase of 137.4%
year-on-year) due to the increase in operating revenues across all of the business segments in line with therecovery of passenger volume. Returning to profitability on quarterly basis for the first time since the third
quarter of fiscal year ended March 31, 2020, operating income was ¥5,520 million (compared to operating lossof ¥6,201 million during the same period of the previous year), ordinary income was ¥5,014 million (compared
to ordinary loss of ¥6,436 million during the same period of the previous year), and quarterly net income-2-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)

attributable to owners of the parent was ¥3,534 million (compared to quarterly net loss attributable to owners of
the parent of ¥2,651 million during the same period of the previous year).
(Millions of yen)

Operating Results

First Three Months of FY2022(ended June 30, 2022)

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

Year-on-Year(%)

19,371
12,486
5,306
1,578(6,201)(6,436)45,996
20,55022,207
3,239
5,520
5,014

137.4
64.6
318.5
105.2
-

(2,651)

3,534-

Operating revenues[Facilities Management][Merchandise Sales][Food and Beverage]
Operating income/(loss)
Ordinary income/(loss)
Quarterly net income/(loss)
attributable to owners of the parent

In November 2022, we were awarded the world’s highest standard “5-star Airport” rating for the ninth
consecutive year in the “Global Airport Rating” conducted by SKYTRAX of the United Kingdom. In Marchof this year, Haneda Airport was ranked third in the “World’s Best Airports”, a comprehensive evaluation ofinternational airports, in the “WORLD AIRPORT AWARDS 2023”. Furthermore, we were awarded first placein the “World’s Cleanest Airports” (for the eighth consecutive year), “World’s Best Domestic Airports” (for theeleventh consecutive year), and “World’s Best PRM / Accessible Facilities” (for the fifth consecutive year).
In addition, as we are marking our 70th anniversary of the company’s founding in July of this year, we
renewed the corporate logos of all 20 companies within the JAT Group as a statement of our determination to
become an organization that can always choose the path of evolution regardless of the circumstances. The
new design represents our aim to change the mindset of each and every one of our executives and employees,
and also to let the spirit of challenge take flight into the future, leading to a leap forward to become theworld’s best airport.
In addition to the impact of external environment including rising prices and exchange rate fluctuations,the airline industry is facing a labor shortage issue due to the rapid recovery in demand for international
flights. However, the JAT Group will respond collectively and appropriately to the recovery in demand, whileleveraging the lessons learned from the COVID-19 pandemic. We will also strive to improve convenience,
comfort, and functionality, establish a customer-first philosophy and achieve absolute safety, and contributeto the continuous creation of value at Haneda Airport and the further growth of air transportation, thereby
enhancing our corporate value.
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 FY2022(ended June 30, 2022)

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

Year-on-Year(%)

12,486
5,012
4,720
2,753
538
13,025(3,225)20,5504,846
11,6994,005
729
21,280
4,151

64.6
-3.3
147.9
45.5
35.4
63.4
-

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

Rent revenue decreased from the previous year primarily because the quarantine space we were renting to
the Japanese Government were returned as a result of termination of the border control measures, despite theincrease in rent income on a percentage basis.
Revenue from facility user charges increased from the previous year primarily due to the increase in thepassenger service facility charge (PSFC) driven by the recovery in passenger volume.
Other revenues increased from the previous year primarily due to the increase in paid lounge sales and-3-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)

parking revenue.
On the expense side, the costs for terminal maintenance and management, such as outsourcing andcommission, repair costs, and utilities costs, have increased in line with the increase in passenger volume andsurging commodity prices.
As a result, operating revenues from facilities management operations was ¥21,280 million (an increase of
63.4% year-on-year). Operating income for the segment was ¥4,151 million (compared to operating loss of¥3,225 million during the same period of the previous year).
[Merchandise Sales](Millions of yen)

Operating Results

First Three Months of FY2022(ended June 30, 2022)

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

Year-on-Year
(%)

5,306
1,869

22,207
3,014

318.5
61.3

2,087

13,571

550.0

1,349
190
5,497
(836)

5,621
316
22,524
3,710

316.6
66.4
309.7
-

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/(loss)

Sales at domestic terminal stores increased from the previous year because of the recovery in domestic
passenger volume.
Sales at international terminal stores increased from the previous year due to the increase in international
passenger volume at Haneda Airport, Narita Airport and other airports in addition to the rise in unit purchaseprices by clients at duty-free shops driven mainly by depreciation of Japanese yen.
Other revenues increased from the previous year because of the increase in revenue for the wholesaling
business serving the international flights at regional airports.
As a result, operating revenues from merchandise sales operations was ¥22,524 million (an increase of309.7% year-on-year) and operating income for the segment was ¥3,710 million (compared to operating lossof ¥836 million during the same period the previous year).
[Food and Beverage](Millions of yen)

Operating Results

First Three Months of FY2022(ended June 30, 2022)

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

Year-on-Year
(%)

1,578

3,239

105.2

1,023

1,654

61.7

332
223
231
1,810
(268)

1,309
274
156
3,395
(131)

294.3
23.0
-32.4
87.6
-

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 the recovery indomestic passenger volume.
Sales from in-flight meals increased from the previous year due to the increase in passenger volume of theforeign carriers at Haneda Airport and Narita Airport.
As a result, operating revenues from food and beverage operations was ¥3,395 million (an increase of
87.6% year-on-year). However, due to the impact of curtailed operating hours of restaurants caused by theshortage of labor and the increase in cost of sales driven by the rise in raw material prices, among other factors,
operating loss for the segment was ¥131 million (compared to operating loss of ¥268 million during the same
period of the previous year).

-4-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)(2) Explanation of Financial Position[Assets]
Current assets increased by ¥3,812 million from the previous fiscal year end to ¥118,800 million primarily
because of the increase in accounts receivable due to the increase in sale of merchandise driven by therecovery in passenger volume. Fixed assets decreased by ¥4,437 million from the previous fiscal year end to¥327,530 million primarily due to depreciation. As a result, total assets decreased by ¥624 million from theprevious fiscal year end to ¥446,331 million.
[Liabilities]
Total liabilities decreased by ¥3,515 million from the previous fiscal year end to ¥302,489 million
primarily due to the decrease in non-trade payable which is part of other current liabilities.
[Net Assets]
Total net assets increased by ¥2,890 million from the previous fiscal year end to ¥143,841 million
primarily due to the increase in retained earnings and non-controlling interests despite the payment ofdividends.
As a result, the equity ratio was 34.3% (compared to 33.6% at the previous fiscal year end).
(3) Explanation of Consolidated Financial Forecasts and Other Forward-looking Statements
During the first three months of the fiscal year ending March 31, 2024, the number of passengers at
Haneda Airport fell slightly below the forecast for domestic flights, but the number of passengers forinternational flights exceeded the forecast by about 10%. As for the consolidated financial results, operating
revenues and operating income were both strong primarily due to higher-than-expected merchandise sales andrevenue from facility user charges. In addition, ordinary income and quarterly net income attributable toowners of the parent exceeded the consolidated forecast for the first half of the current fiscal year.
Therefore, we have decided to revise the consolidated financial forecasts for the first half and full year
announced on May 11, 2023, taking into account the first quarter results and factors currently anticipated.
Looking ahead, while further growth of airline demand is expected, we will continue to closely monitor
the business environment and other factors, as the situation is uncertain around the recovery trend of Chinese
passengers and the impact of price increases in a wide range of goods, among other factors.
We will announce the dividend forecast after our review of the financial results for the first half.

-5-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)

Revisions to consolidated earnings forecasts for the first half of FY2023 (April 1, 2023-September 30, 2023)(Millions of yen)
Operatingrevenues

Operatingincome /(loss)

Ordinary
income /(loss)Net income /(loss)
attributable toowners of theparent

Net income /(loss) per
share (Yen)Previous Forecasts (A)90,300

6,000

4,600

3,400

36.51

Forecasts on Aug. 9 (B)94,600

9,600

8,500

5,900

63.35

Change (B-A)
Change (%)
Reference: The first half of
FY 2022 results

4,300
4.8

3,600
60.0

3,900
84.8

2,500
73.5

43,613(9,273)(9,759)(3,341)(35.88)

Revisions to consolidated earnings forecasts for FY2023 (April 1, 2023-March 31, 2024)(Millions of yen)
Operatingrevenues

Operatingincome /(loss)

Ordinary
income /(loss)Net income /(loss)
attributable toowners of theparent

Net income /(loss) per
share (Yen)Previous Forecasts (A)195,700

15,40013,100

9,000

96.63

Forecasts on Aug. 9 (B)200,000

19,00017,00011,500123.47

Change (B-A)
Change (%)
Reference: FY 2022 results

4,300
2.2
113,050

3,600
23.4(10,579)

3,900
29.8
(12,064)

2,500
27.8
(3,901)(41.89)-6-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)

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
Total investments and other assets
Total fixed assets
TOTAL ASSETS-7-

FY2022(As of March 31, 2023)

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

63,741
15,331
26,500
4,283
323
4,865
(57)
114,988

64,513
17,24926,000
5,264
339
5,494
(62)
118,800

562,619(343,917)
218,701
34,822(21,227)
13,595
12,876
3,574(2,049)1,525
8,996
70,653(60,234)
10,418266,114562,497(348,617)
213,880
34,841(21,734)
13,106
12,877
3,597(2,162)
1,434
9,373
70,865(60,949)
9,916
260,589

29,671
2,139
31,81029,2102,024
31,234

17,254
12,232
1,105
3,450
34,042331,967
446,955

19,046
11,958
1,123
3,576
35,705327,530
446,331

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)(Millions of yen)

LIABILITIESCurrent liabilities
Accounts payable
Short-term loans payable
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-8-

FY2022(As of March 31, 2023)

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

7,172
15,70912,1502,192
1,627
10,27349,125

9,136
15,70912,521
1,734
818
47
7,720
47,68855,139171,815
1,173
16,319
57
4,562
628
7,183
256,878
306,004

55,101
170,164
1,084
16,020
19
4,611
630
7,167
254,800
302,489

38,12654,16056,942(10)
149,217

38,12654,16058,986(11)
151,261

1,695
(726)
122
(22)
1,069
(9,335)140,951446,955

2,382
(786)
127
(32)
1,690
(9,110)143,841446,331

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)(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 / (loss)
Non-operating income
Interest income
Dividends income
Equity in earnings of affiliates
Fee and commission income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Loss on retirement of fixed assets
Equity in losses of affiliates
Miscellaneous expenses
Total non-operating expenses
Ordinary income / (loss)-9-First Three Months of
FY2022(from April 1, 2022
to June 30, 2022)

First Three Months of
FY2023(from April 1, 2023
to June 30, 2023)

5,012
4,720
2,799
5,272
1,565
19,371

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

3,061
999
4,061
15,31012,978
1,791
14,77031,226

2,386
464
215
2,004
2,866
7,220
6,353
21,511(6,201)

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

8
39
58
548
654

5
39
32
69
131
278

778
47
35
28
890
(6,436)

753
13
18
784
5,014

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)(Millions of yen)

Extraordinary gains
National subsidies
Other extraordinary gains
Total extraordinary gains
Extraordinary loss
Loss on reduction entry of fixed assets
Total extraordinary loss
Quarterly income / (loss) before income taxes andnon-controlling interests
Income taxes – current
Quarterly income / (loss)
Quarterly net income / (loss) attributable to non-controllinginterests
Quarterly net income / (loss) attributable to owners of theparent- 10 -First Three Months of
FY2022(from April 1, 2022
to June 30, 2022)

First Three Months of
FY2023(from April 1, 2023
to June 30, 2023)

58
58

117
20
138

36
36

104
104

(6,415)

5,048

118(6,533)

1,213
3,834

(3,881)299(2,651)

3,534

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)

Quarterly Consolidated Statements of Comprehensive Income(Millions of yen)

Quarterly income / (loss)
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- 11 -First Three Months of
FY2022(from April 1, 2022
to June 30, 2022)(6,533)First Three Months of
FY2023(from April 1, 2023
to June 30, 2023)
3,834(1,041)
122
27
8

697
(146)
4
(5)

(0)

(2)

(883)
(7,416)547
4,382(3,613)4,156(3,803)225

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)(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 estimatedeffective tax rate would result in a significant lack of rationality, the statutory effective tax rate is applied.
(Additional Information)
Accounting estimates with respect to the impact of the spread of COVID-19
There have been no material changes made to the assumptions, including the timing when the spread of
COVID-19 will be contained, described in the “Significant Accounting Estimates” section of the Securities
Report for the fiscal year ended March 31, 2023.

- 12 -

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the First Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)(Segment Information)
Segment Information
I.

First three months of FY2022 (from April 1, 2022 to June 30, 2022)
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

12,486

5,306

1,578

19,371-

19,371

538

190

231

960

(960)

-

13,025(3,225)

5,497
(836)

1,810
(268)

20,332(4,330)(960)(1,871)

19,371(6,201)

Note 1Total

1. Adjustments to the segment income include ¥1,873 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 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- 13 -