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 Second Quarter of the Fiscal Year Ending March 31, 2024 (FY2023) [J-GAAP](Consolidated)
November 8, 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:
November 10, 2023
Scheduled date of commencing dividend payment:
December 8, 2023
Supplementary materials on financial results (yes/no)
Yes
Holding of quarterly investors’ meeting (yes/no)
Yes (for institutional investors and financial analysts)
Company name:
Code number:
Representative:
Contact:(Figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the First Six Months of FY2023 (April 1, 2023 to September 30, 2023)(1) Consolidated Business Results (Cumulative)(%: Change from the same period of the previous year)

Operating revenues
First Six MonthsofOperating income/(loss)

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

Ordinary income/(loss)

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

100,148
43,613129.6
68.4

13,508(9,273)-

12,481(9,759)-8,234(3,341)-

FY2023
FY2022(Note) Comprehensive income/(loss): First six months of FY2023 ¥10,906 million (-%) First six months of FY2022 ¥-10,708 million (-%)

First Six Monthsof

Net income/(loss)
per share
Yen

Diluted net income
per share
Yen

88.41
(35.88)-FY2023
FY2022(2) Consolidated Financial Position
Total assets

Net assets per share

Millions of yen

Millions of yen%

Yen

452,035
446,955

150,365
140,95134.9
33.6

1,694.07
1,613.62

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

Equity capital tototal assets

Net assets

As of September 30, 2023 ¥157,779 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
25.00

-

16.00

16.00

-

25.00

50.00

(Note) 1. 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

Full-year
Note:

Operating income

Net income attributableto owners of the parent

Ordinary income

Net income
per share

Millions ofyen%Millions of yen%

Millions of yen%

Millions of yen%

Yen

211,500

87.1

24,700-22,800-15,200-163.20

Revisions to the most recently announced forecast of consolidated financial results for FY2023: No

* 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 September 30, 2023
93,145,400 shares
As of March 31, 2023
2) Number of treasury stock at the period-end:
As of September 30, 2023
9,218 shares
As of March 31, 2023
3) Average number of shares outstanding (quarterly consolidated cumulative period):
Second quarter of FY2023
93,136,264 shares
Second quarter of FY2022

93,145,400 shares
8,983 shares
93,136,640 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.
Supplementary materials on financial results and details of presentation at quarterly investors’ meeting
Quarterly investors’ meeting is planned to be held on November 17, 2023 for financial analysts. Presentation materials used in themeeting 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, 2024 (FY2023)

Contents of the Appendix Materials
1. QUALITATIVE INFORMATION ON CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST SIXMONTHS OF FY2023 (APRIL 1, 2023 TO SEPTEMBER 30, 2023) .............................................................................. - 2 (1) EXPLANATION OF OPERATING RESULTS ................................................................................................... - 2 (2) EXPLANATION OF FINANCIAL POSITION ................................................................................................... - 6 (3) EXPLANATION OF CONSOLIDATED FINANCIAL FORECASTS
AND OTHER FORWARD-LOOKING STATEMENTS ..................................................................................... - 6 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 Second Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)

1. Qualitative Information on Consolidated Financial Results for the First Six Months of FY2023(April 1, 2023 to September 30, 2023)(1) Explanation of Operating Results
During the first six months of the fiscal year ending March 31, 2024, the Japanese economy showed agradual recovery. Looking ahead, it is expected that the gradual recovery trend will continue, resulting fromthe effects of various policies, while situation around labor and income improves. However, there is a riskthat a downturn in overseas economies, such as the effects of tightening of monetary policy around the globe
and concerns about the outlook for the Chinese economy, will put downward pressure on the Japanese
economy. In addition, it is necessary to pay sufficient attention to the effects of price increases, the situation
surrounding the Middle East region, and volatility in the financial and capital markets among other factors.
The airline industry continued to see a steady recovery in demand due to the full lifting of restrictions on
activities including the restrictions on entry and departure after the change in status of COVID-19 under the
Infectious Diseases Control Law. During the second quarter (July to September) of FY2023, the number ofpassengers at Haneda Airport was 1.2 times that of the same period of FY2022 for domestic flights andapproximately 85% of the level of 2019 before the impact of COVID-19 hit, while the number of passengers
for international flights were more than 4 times that of the same period of FY2022 and just over the level
during the same period 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, from July we have resumed theoperation of the Terminal 2 international facilities that was suspended due to the pandemic. In addition, we
have been improving the Wi-Fi communication environment in the terminal buildings and have been
undertaking tasks including renovation work in preparation for a major disaster, as well as the replacement offacilities which have been installed for a number of years including elevators and moving walkways. During
the summer season, we implemented energy-saving measures such as turning off some of the lights in theterminal buildings and controlling the operation of air conditioners. Moreover, 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
parallel, we are working toward the realization of a carbon-neutral society by studying the conversion of
airport vehicles to electric vehicles and researching how hydrogen fuel can be utilized.
In terms of sales, in anticipation of a recovery in international passenger demand once the pandemic
reaches an end, we have planned ahead and have been reallocating duty-free stores, including the opening of
the first Louis Vuitton store in a domestic airport in Terminal 3 in November 2022. We also opened four new
stores in the lobby area this fiscal year. For domestic flights, we opened a limited-time store in “HANEDASports” to coincide with various sporting events, and we actively held events featuring local products fromvarious regions of Japan. We are making efforts to provide comfort for airport use and to increase the valueof time spent at the airport including the opening of a British pub “HUB” in Terminal 2 in September.
Besides Haneda Airport, after June at Narita Airport, “AIRPORT DRUG” have been reopened in thelobby area, and “Clé de Peau Beauté”, “SK-II”, and “Hermes” cosmetic boutiques have been opened in the
duty-free area. HANEDA INNOVATION CITY, located adjacent to Haneda Airport, has also recruitedmember companies for the opening in January next year of “terminal.0 HANEDA”, a research anddevelopment center aimed to solve issues at the airport through collaboration across different industries.
In terms of organization and human resources, in addition to strengthening our recruiting efforts tosecure talent, we are also working to improve the compensation and benefits of our employees to achieve
high retention. In addition, through an industry-academia collaboration project with the University of Tokyo,
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 our sustainability efforts, we are making company-wide efforts to achieve theMedium-Term Sustainability Plan that we announced in May this year. In addition, we have begun information
disclosure based on the recommendations by the TCFD (Task Force on Climate-related Financial Disclosures).
We are responding to CDP (Climate Change Related Questionnaire) and other ESG-related surveys and plan toissue an integrated report in November.
In addition, as we marked 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-2-

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

also to let the spirit of challenge take flight into the future, leading to a leap forward to become the world’s
best airport.
As a result of the above, with respect to the consolidated financial results for the first six months of fiscal
year ending March 31, 2024, operating revenues was ¥100,148 million (an increase of 129.6% year-on-year)
due to the increase in operating revenues across all of the business segments in line with the recovery ofpassenger volume. Operating expenses increased from the previous year due to increase in passenger volume
and sales, but the increase in sales was the driving force and as a result, operating income was ¥13,508 million(compared to operating loss of ¥9,273 million during the same period of the previous year), ordinary income
was ¥12,481 million (compared to ordinary loss of ¥9,759 million during the same period of the previous year),and quarterly net income attributable to owners of the parent was ¥8,234 million (compared to quarterly net
loss attributable to owners of the parent of ¥3,341 million during the same period of the previous year).
(Millions of yen)

Operating Results

First Six Months of FY2022(ended September 30, 2022)

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

First Six Months of FY2023(ended September 30, 2023)

Year-on-Year(%)

43,61327,311
12,871
3,430(9,273)(9,759)100,148
43,68349,4906,974
13,50812,481

129.6
59.9
284.5
103.3
-

(3,341)

8,234-

In November 2022, we were awarded the world’s highest standard “5-star Airport” rating for the ninth
consecutive year in the “World Airport Star Rating” conducted by SKYTRAX of the United Kingdom. In
March of this year, Haneda Airport was ranked third in the “World’s Best Airports”, a comprehensive
evaluation of international airports, in the “WORLD AIRPORT AWARDS 2023”. Furthermore, we wereawarded first place in the “World’s Cleanest Airports” (for the eighth consecutive year), “World’s Best
Domestic Airports” (for the eleventh consecutive year), and “World’s Best PRM / Accessible Facilities” (for thefifth consecutive year).
(* PRM: Persons with Reduced Mobility which means the elderly, person with disability or injury.)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.

-3-

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

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

Operating Results

First Six Months of FY2022(ended September 30, 2022)

Facilities Management
Rent revenue
Facility user charges revenue
Other revenues
Intersegment sales and transfers
Total of Operating Revenues
Segment income/(loss)

27,311
10,009
11,146
6,155
1,095
28,406(4,062)First Six Months of FY2023(ended September 30, 2023)

43,683
9,824
25,0988,760
1,491
45,174
9,239

Year-on-Year
(%)

59.9
(1.9)
125.2
42.3
36.1
59.0
-

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 andparking revenue.
On the expense side, the costs for terminal maintenance and management, such as outsourcing andcommission and repair costs have increased in line with the increase in passenger volume and price increases.
As a result, operating revenues from facilities management operations was ¥45,174 million (an increase of
59.0% year-on-year). Operating income for the segment was ¥9,239 million (compared to operating loss of¥4,062 million during the same period of the previous year).

[Merchandise Sales](Millions of yen)

Operating Results

First Six Months of FY2022(ended September 30, 2022)

Merchandise Sales
Sales at domestic terminal stores
Sales at international terminal
storesOther revenues
Intersegment sales and transfers
Total of Operating Revenues
Segment income/(loss)

First Six Months of FY2023(ended September 30, 2023)

Year-on-Year(%)

12,871
4,036

49,490
6,333

284.5
56.9

5,624

31,144

453.8

3,211
426
13,298(664)

12,012
701
50,192
8,883

274.1
64.5
277.4
-

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 ¥50,192 million (an increase of
277.4% year-on-year) and operating income for the segment was ¥8,883 million (compared to operating lossof ¥664 million during the same period the previous year).

-4-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)[Food and Beverage](Millions of yen)

Operating Results

First Six Months of FY2022(ended September 30, 2022)

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

First Six Months of FY2023(ended September 30, 2023)

Year-on-Year
(%)

3,430

6,974

103.3

2,449

3,509

43.3

766
213
432
3,863
(818)

2,876
588
343
7,318
(71)

275.1
175.1
(20.5)
89.4-

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 ¥7,318 million (an increase of
89.4% 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 ¥71 million (compared to operating loss of ¥818 million during the same
period of the previous year).

-5-Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2024 (FY2023)(2) Explanation of Financial Position[Assets]
Current assets increased by ¥15,103 million from the previous fiscal year end to ¥130,091 million
primarily because of the increase in accounts receivable due to the increase in sale of merchandise driven by
the recovery in passenger volume. Fixed assets decreased by ¥10,023 million from the previous fiscal year end
to ¥321,943 million primarily due to depreciation. As a result, total assets increased by ¥5,079 million fromthe previous fiscal year end to ¥452,035 million.

[Liabilities]
Total liabilities decreased by ¥4,334 million from the previous fiscal year end to ¥301,669 million
primarily due to the scheduled payment of long-term loans payable despite increase in accounts payable driven
by increase in merchandise purchases.

[Net Assets]
Total net assets increased by ¥9,414 million from the previous fiscal year end to ¥150,365 million
primarily due to the increase in retained earnings and non-controlling interests.
As a result, the equity ratio was 34.9% (compared to 33.6% at the previous fiscal year end).
(3) Explanation of Consolidated Financial Forecasts and Other Forward-looking Statements
For consolidated financial forecast for the fiscal year ending March 31, 2024, please refer to the “NoticeConcerning Revisions to Earnings Forecasts” announced on October 25, 2023.

-6-

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second 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 Six Months of
FY2023(As of September 30,
2023)

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

70,184
19,937
27,700
6,928
318
5,081
(59)
130,091

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)
10,418266,114563,199(353,508)
209,690
34,859(22,235)
12,623
12,907
3,638(2,275)
1,363
9,704
70,910(61,683)
9,226
255,516

29,671
2,139
31,81028,748
1,976
30,725

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

18,896
12,061
1,141
3,601
35,701
321,943452,035

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second 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 Six Months of
FY2023(As of September 30,
2023)

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

10,18015,744
14,117
3,689
1,837
100
7,745
53,415

55,139171,815
1,173
16,319
57
4,562
628
7,183
256,878
306,004

55,063
164,629
1,015
15,732
23
4,683
632
6,472
248,254
301,669

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

38,12654,16063,686(12)
155,960

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

2,274
(556)
159
(58)
1,818
(7,413)
150,365452,035

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second 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 Six Months of
FY2022(from April 1, 2022
to September 30, 2022)

First Six Months of
FY2023(from April 1, 2023
to September 30, 2023)

9,998
11,147
6,275
12,783
3,408
43,613

9,824
25,0999,081
49,3406,802
100,148

6,881
2,146
9,028
34,58428,953
3,772
32,72667,422

4,682
988
409
4,039
5,985
14,442
13,30943,858(9,273)

5,209
1,745
357
100
5,534
10,72913,96916,26653,913
13,508

11
41
119
1,023
1,196

31
121
78
137
310
679

1,532
70
10
69
1,682
(9,759)

1,484
169
53
1,707
12,481

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

Extraordinary gains
Gains on sale of investment securities
Government 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 Six Months of
FY2022(from April 1, 2022
to September 30, 2022)

First Six Months of
FY2023(from April 1, 2023
to September 30, 2023)

6
58
64

117
23
141

36
36

104
104

(9,731)

12,518842(10,574)

2,622
9,896

(7,232)

1,662(3,341)8,234

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second 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 Six Months of
FY2022(from April 1, 2022
to September 30, 2022)(10,574)

First Six Months of
FY2023(from April 1, 2023
to September 30, 2023)
9,896

(806)
581
75
17

589
415
36
(28)

(0)

(3)

(133)
(10,708)

1,010
10,906(3,830)

8,983(6,878)1,922

Japan Airport Terminal Co., Ltd. (9706) Financial Report for the Second 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 second quarter
after the application of tax effect accounting is reasonably estimated, and that estimated rate is applied toquarterly 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 isapplied.
(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.
Financial covenants
For part of the long-term loans payable with financial covenants, despite being in breach of thesecovenants at the end of the second quarter of the fiscal year ending March 31, 2024, financial institutions have
granted a consent not to exercise the right to accelerate repayment. The balance amount of the borrowings underthese agreements and relevant covenants are outlined below.

Short-term loans payable
Long-term loans payable
Total

FY2022(As of March 31, 2023)
750
4,500
5,250

(Millions of yen)First Six Months of FY2023(As of September 30, 2023)
750
4,125
4,875

(¥750 million of short-term loans payable and ¥4,125 million of long-term loans payable)(1) On and after the corresponding agreement is entered into, the total net assets on the consolidated balance sheeton the last day of each fiscal year and each second quarter shall not be less than 75% of the total net assets on
the consolidated balance sheet on the last day of the fiscal year and second quarter immediately preceding (sixmonths prior to) the fiscal year and second quarter in question or the last day of the fiscal year ended March
2019, whichever is larger.
(2) On and after the corresponding agreement is entered into, the total net assets on the non-consolidated balance
sheet on the last day of each fiscal year and each second quarter shall not be less than 75% of the total net
assets on the non-consolidated balance sheet on the last day of the fiscal year and second quarter immediately
preceding (six months prior to) the fiscal year and second quarter in question or the last day of the fiscal year
ended March 2019, whichever is larger.
(3) On and after the corresponding agreement is entered into, ordinary profit during each fiscal year shall not be
negative on a consolidated basis for two consecutive fiscal years.
(4) On and after the corresponding agreement is entered into, ordinary profit during each fiscal year shall not be
negative on a non-consolidated basis for two consecutive fiscal years.

- 12 -

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

First six months of FY2022 (from April 1, 2022 to September 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

MerchandiseSales

27,311

12,871

3,430

43,613-

43,613

1,095

426

432

1,954

(1,954)-28,406(4,062)

13,298
(664)

3,863
(818)

45,568(5,545)(1,954)(3,727)43,613(9,273)

Total

Note 1

1. Adjustments to the segment income include ¥3,734 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 six months of FY2023 (from April 1, 2023 to September 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

43,68349,490

6,974

100,148-

100,148

1,491

701

343

2,537

(2,537)-45,174
9,239

50,192
8,883

7,318
(71)

102,685
18,051(2,537)(4,542)

100,148
13,508

Total

Note 1

1. Adjustments to the segment income include ¥4,557 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 -