April 1, 2020 to March 31, 2021 (FY20)

Earnings Presentation Material(May 14, 2021)* This document has been translated from the Japanese original, for reference purposes only.
If there is any discrepancy between this translated document and the Japanese original,
the original shall prevail.

Japan Airport Terminal Co., Ltd.
https://www.tokyo-airport-bldg.co.jp/

Contents
April 1, 2020 to March 31, 2021 (FY20)
Earnings Presentation Material

1. Review of Consolidated Financial Results for FY20

3. Direction of Business Operation(1) Business EnvironmentP２(1) Management Issues in the COVID-19 Pandemic

P １３(2) Main InitiativesP３(2) Cost management

P １４(3) Consolidated Financial ResultsP４(3) Diversifying Earnings

P １５(4) Consolidated Financial Results(Amount affected due to consolidation of TIAT)P

５(4) Development of Terminals

P １６(5) Financing through a Public Stock Offeringby Issuing New Shares, etc.

(5) Management of Terminals

P １７

P

６

(6) ESG Initiatives

P １８(6) Amount of the Effect of a Change
to the Accounting Standard

P

７

P

８

P

９

2. Consolidated Financial Forecast for FY21
(1) Business Environment◆ Outlook for the recovery of Haneda Airport
Passenger Numbers(2) Consolidated Financial Forecast for FY21P １０(3) Quarterly Changes in Operating Income and EBITDA

P １１(4) Status of Funds

P １２

Contents
Supplementary Material

Reference Material

1. Details of Consolidated Financial Results for FY20
(1) Changes in Passenger Volume(Haneda, Narita, Kansai and Chubu Centrair)

P ２０(2) Consolidated Financial Results for FY20P ２１(3) Financial Results by Segment(i) Facilities management

P ２３(ii) Merchandise sales

P ２４(iii) Food and beverage

P ２５(4) Breakdown of Selling, General and
Administrative Expenses

P ２６(5) Changes in Non-Operating Income/Expenses
and Extraordinary Income/Loss

P ２７(6) Consolidated Balance Sheets

P ２８(7) Consolidated Statements of Cash FlowsP ２９

2. Details of Consolidated Financial Forecast for FY21
(1) Consolidated Financial Forecast for FY21

P ３０(2) Forecast of Operating Revenues by Segment

P ３１(3) Financial Forecast by Segment(i) Facilities management

P ３２(ii) Merchandise sales

P ３３(iii) Food and beverage

P ３４

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

P ３５(2) Changes in Operating Revenues/Ordinary
Income/Cash FlowsP ３６

1. Outline of Japan Airport Terminal Group(1) The company’s position at Haneda Airport(comparison with other major airports in Japan)

P ３８(2) Business Details

P ３９(3) Basic Philosophy and Management Policy

P ４０(4) ESG Initiatives

P ４１(5) Company History

P ４２(6) Group Companies

P ４３(7) Revenue Composition/Details by Segment,
Composition of sales

P ４４(8) Changes in Capital Investment

P ４５(9) Summary of Tokyo International Air
Terminal Corporation

P ４６

2. Summary of Tokyo International Airport (Haneda)(1) Location Map

P ４７(2) Comparison of Passenger Volume

P ４８(3) Domestic Destinations and Flights

P ４９(4) International Destinations and Flights

P ５０(5) International Rating of the Haneda Airport
Passenger Terminal

P ５１

Earnings Presentation Material

April 1, 2020 to March 31, 2021 (FY20)

1. Review of Consolidated Financial Results for FY20
2. Consolidated Financial Forecast for FY21
3. Direction of Business Operations

1. Review of Consolidated Financial Results for FY20
(1) Business Environment
Business
Environment

Number of
Passengers

⁻ A state of emergency was declared on several occasions in Japan due to the COVID-19 pandemic.
People, particularly in Tokyo and surrounding areas, were encouraged to refrain from traveling.
⁻ Travel abroad was restricted due to an increase in the number of infected people around the world,
significantly affecting the airline industry.

⁻ The number of domestic flight passengers fell significantly as people were encouraged to refrain fromtraveling. Although the number recovered, falling to nearly half the figure for the previous fiscal year
thanks to the “Go To Travel” Campaign and other measures to stimulate demand, it remains at a low
level due to the declaration of another state of emergency.
⁻ As for the number of international flight passengers, demand continues to be weak as traveling between
countries is still currently restricted.

The number of passengers (YoY comparison)
Airport1H (%)

Note: Haneda Airport passenger volume is based on aggregate statistics of airport usage within the jurisdiction of East
Japan Civil Aviation Bureau, available on the website of the East Japan Civil Aviation Bureau of the Ministry of Land,
Infrastructure, Transport and Tourism.

Full year

2H (%)(%)

No. of

RevisedComparison

passengers

forecasts

with forecasts(10 thousands) (10 thousands)（％）

Haneda – Domestic

-79.6

-59.5

(-59.8 )

-70.3

1,929

1,921

0.4

Haneda – International

-98.2

-96.7

(-95.9 )

-97.5

41

47

-12.5

Total Haneda

-83.6

-66.9

(-67.0 )

-75.9

1,971

1,968

0.1

Narita

-97.2

-95.1

(-94.2 )

-96.3

126

140

-10.2

Kansai

-99.5

-98.5

(-98.6 )

-99.1

19

19

2.5

Chubu Centrair

-99.9

-99.4

(-99.4 )

-99.7

1

1

3.4

* Figures in parentheses are revised forecasts for the second half of the year, which are the passenger
volume forecasts on which the financial forecasts announced in February 2021 are based.
Japan Airport Terminal Co., Ltd.

02

1. Review of Consolidated Financial Results for FY20(2) Main Initiatives

Preventing
Infectious
Disease⁻ Ensuring various measures in accordance with guidelines for preventing the spread of
COVID-19 (*)⁻ Actively introducing technologies for noncontact and non-face-to-face operations(FAST TRAVEL, Face Express, business robot, payment services, etc.)
⁻ Establishing a PCR testing system; installing vending machines for PCR test kits⁻ Closing facilities to an extent that will not impair convenience according to passenger
trends. Efficiently re-arranging personnel by reviewing the personnel required(switching to the insourcing of operations).

FlexibleBusiness
Operations

⁻ Changing business processes through the promotion of remote working, etc.
⁻ Reviewing of the business continuity plan (BCP; coordinating measures of divisions)⁻ Securing revenue streams that are not dependent on air passengers (strengtheningof the EC business and distribution business, etc.)
⁻ Providing support to airline companies and resident tenants (rent reductions or
exemptions, etc.)

⁻ Reducing the amount of cash outflow (reducing costs; reviewing capital spending)Strengthening
Financial
Foundations⁻ Ensuring cash balance (obtaining a crisis response loan of 5 billion yen; setting ashort-term line of credit of 20 billion yen)⁻ Enhancing equity capital (making a public stock offering by issuing new shares, etc.)
⁻ Providing support to group companies (TIAT, Airport Transport Service, etc.)* “Guidelines for Preventing the Spread of COVID-19 in the Aviation Field” (jointly prepared by the Scheduled Airlines Association and the All Japan Airport Terminal Association)

Japan Airport Terminal Co., Ltd.

03

1. Review of Consolidated Financial Results for FY20(3) Consolidated Financial Results
⁻ Operating revenues decreased in all segments due to a substantial reduction inpassenger volume.
⁻ Depreciation expenses increased due to the impact of large-scale investments that
continued until the previous year.
⁻ There was a substantial operating loss despite various cost-cutting measures taken.
⁻ Large net loss for the year due partly to the impact of impairment loss on fixed assets,
write-offs of deferred tax assets, etc., despite a receipt of an employment adjustment
subsidy and gains on sales of investment securities

Overview

Consolidated financial results for FY20

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

1H

Items
Operating revenues

2H

Full year

FY20

FY19

ChangeFY20

FY19

Change

22.2

135.2

-112.9

30.2

114.4

-84.2

FY20

52.5

Revised

FY19

Change249.7-197.1

forecasts Difference
*1

55.5

-2.9

(Facilities management)

(

16.4)

(

42.6)

(

-26.1)

(

19.4)

(

40.2)

(

-20.8)

(

35.9)

(

82.9)

(

-47.0)

(

36.8)

(

-0.8)

(Merchandise sales)

(

4.6)

(

82.2)

(

-77.6)

(

9.0)

(

65.6)

(

-56.6)

(

13.6)

(

147.8)( -134.2)

(

15.2)

(

-1.5)

(Food and beverage)

(

1.2)

(

10.3)

(

-9.1)

(

1.7)

(

8.5)

(

-6.7)

(

2.9)

(

18.9)

(

(

3.5)

(

-0.5)

-15.9)

Operating income

-32.2

11.1

-43.4

-26.7

-1.2

-25.4

-59.0

9.8

-68.9

-58.0

-1.0

Ordinary income

-30.5

10.7

-41.2

-26.8

-2.0

-24.7

-57.3

8.7

-66.0

-55.5

-1.8

-22.8

5.9

-28.8

-13.6

-0.9

-12.7

-36.5

5.0

-41.5

-35.0

-1.5

Capital expenditures

5.1

6.2

△ 11.0

3.3

66.3

####

8.4

72.6

######

13.0△ 45

Depreciation expenses

17.1

12.8

43.0

17.1

14.9

21.0

34.3

27.8

65.0

34.5

△ 1

EBITDA

-15.0

23.9

-390.0-9.6

13.7-233.0

-24.7

37.6

-624.0

-23.5

△ 12

¥0.0

¥22.0

¥0.0

¥10.0

¥0.0

¥32.0

-

-

30.1%

-

-

-

51.9%

-

Net income attributable toowners of parent

Annual dividend
Payout ratio
Japan Airport Terminal Co., Ltd.

04

*1 Financial forecast announced in February 2021

1. Review of Consolidated Financial Results for FY20(4) Consolidated Financial Results (Amount affected due to consolidation of TIAT)
⁻ Facilities have been developed and personnel have been increased for the expansionof international flight departures in 2020.
⁻ There was a substantial operating deficit as a result of a reduction in passenger
volume and an increased fixed costs due to the COVID-19 pandemic.
⁻ Amid the continuing severe environment, efforts for improved financial results weremade by implementing thorough cost management.

International
FlightSituation

Consolidated financial results for FY20

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

RevisedFull year

forecasts

Items

Amount affected

FY20

FY19

due to TIAT
consolidation

52.5

Operating revenues

Difference

Amount affected

Changedue to TIAT

*1

consolidation

-10.9

249.7

24.2

-197.155.5-2.9(Facilities management)

(

35.9)

(

-11.0)

(

82.9)

(

16.3)

(

-47.0)

(

36.8)

(

-0.8)

(Merchandise sales)

(

13.6)

(

0.0)

(

147.8)(

7.7)(-134.2)

(

15.2)

(

-1.5)

(Food and beverage)

(

2.9)

(

0.0)

(

18.9)

(

0.1)

(

-15.9)

(

3.5)

(

-0.5)

Operating income

-59.0

-33.1

9.8

4.9

-68.9

-58.0

-1.0

Ordinary income

-57.3

-33.2

8.7

2.4

-66.0

-55.5

-1.8

-36.5

-13.8

5.0

0.7

-41.5

-35.0

-1.5

Net income attributableto owners of parent*1 Financial forecast announced in February 2021
Japan Airport Terminal Co., Ltd.

05

1. Review of Consolidated Financial Results for FY20(5) Financing through a Public Stock Offering by Issuing New Shares, etc.
- Securing funds for the development of the terminals (Explained on page 16)

Circumstances- Strengthening of the financial foundations in preparation for a prolonged COVID-19 pandemic⇒ First public stock offering (and sale of treasury stock) since the listing of the company on thestock exchange

Outline of public stock offering, etc.
Number ofadditional shares

Number of newshares issued

8.67 million
sharesTreasury stocksold

3.24 million
sharesDilution factor
Offer priceper share

Capital-asset ratio
40.0%

Approx. 13%

30.0%

4,966 yen

20.0%

Total amount paid

56.7 billion yen

Amount credited tocapital stock

20.6 billion yen

Total number ofshares issued

Strengthening of financial foundations

Before public
offering

84.47 million
sharesAfter public
offering

93.14 million
shares

33.7%

27.6%

Net debt-equity ratio
2.0x

1.5x

1.5x
1.0x

1.1x

0.8x

0.8x

0.5x
FY2018Japan Airport Terminal Co., Ltd.

34.3%
31.2%

06

FY2019FY2020.3Q

FY20201. Review of Consolidated Financial Results for FY20
(6) Amount of the Effect of a Change to the Accounting Standard
⁻ The amount of the effect of revising the figures for FY20 according to the revenue recognition accounting
standard that is applicable in FY21 onward is as follows.
⁻ For the figures for the results compared with the forecast figures for FY21 on the next and subsequent pages,
revised figures are used.
Note: Figures shown are rounded down to the nearest 100 million yen. (Billions of yen)

Items

FY20

FY20

(New standard) (Former standard)

Rate of change

Change(%)

Main reasons

36.0

35.9

0.1

0.4

17.7

17.7

-

-

7.6

7.6

-

-

Other revenue

10.6

10.5

0.1

Merchandise sales

7.7

13.6

-5.8

-43.1

Sales at domestic terminal stores

3.2

8.5

-5.3

-62.1 Purchasing for consumption

Sales at international terminal stores

2.1

2.7

-0.5

-20.7 Outsourcing of services

Other
Othersales
sales

2.3

2.3

-

-

Food and beverage

2.7

2.9

-0.2

-9.5

Sales from restaurants

2.0

2.3

-0.2

-12.1 Outsourcing of services

Sales from in-flight meals

0.3

0.3

-

-

Other sales

0.2

0.2

-

-

Operating revenues

46.5

52.5

-6.0

-11.5

Operating income

-59.0

-59.0

-

-

Facilities management
Rent revenue
Facility user charges revenue

Japan Airport Terminal Co., Ltd.

07

1.2 Outsourcing of services

2. Consolidated Financial Forecast for FY21
(1) Business Environment
Business
Environment

Number of
Passengers

⁻ In Japan, a recovery in airline demand, especially in the second half of FY21, is expected withthe help of the promotion of vaccination.
⁻ On a global scale, travel restrictions will gradually be eased, mainly among countries where
vaccination is in progress.

⁻ Domestic flights are expected to gradually recover thanks to a rebound after people’s selfrestraint on going out and the boosting effects of various policies to the level before theimpact of COVID-19 became serious by the end of March 2022.
⁻ International flights are expected to recover to 46% of the level initially planned for after theterminal expansion by the end of March 2022, though a recovery in demand will take time.

The number of passengers forecast for FY21
FY21 forecasts

FY20 Results

Rate of change

FY19 Results

Rate of(10 thousands)(10 thousands)(%)(10 thousands)change (%)

4,993

1,929

158.8

6,488

-23.0

673

41

1,527.8

1,682

-60.0

Total Haneda

5,667

1,971

187.5

8,170

-30.6

Narita

802

126

533.9

3,401

-76.4

Kansai520

19

2,503.1

2,206

-76.4

Chubu Centrair

142

1

7,281.0

619

-77.1

AirportHaneda – Domestic

Haneda – International

Japan Airport Terminal Co., Ltd.

08

2. Consolidated Financial Forecast for FY21
◆ Premises for passenger volume forecasts for FY21: Outlook for the recovery of Haneda Airport
passenger numbers
International flights

Domestic flights
⁻ IATA forecasts: Recovery in 2022 (to the 2019 level)

⁻ IATA forecasts: Recovery in 2024 (to the 2019 level)⁻ Haneda Airport’s potential demand as the main airport inTokyo and surrounding areas⁻ High demand for international flights from both inside andoutside Japan⁻ Attention is required regarding the risk of another spread of
infections in Japan.

⁻ Attention is required regarding the trends of infections andthe easing of travel restrictions for travelers in countries.

Will recover to the level planned for after the
expansion of flight departures and arrivals within
FY23

Will recover to the level before the impact of
COVID-19 (*) in Mar. 2022
* Before the impact of COVID-19:
FY19 results (Apr.-Jan.) + Our forecasts (Feb.-Mar.)

Japan Airport Terminal Co., Ltd.

100%

100%

09

2. Consolidated Financial Forecast for FY21
(2) Consolidated Financial Forecast for FY21
⁻ Operating revenues are forecast to recover, mainly regarding domestic flights.

Overview

⁻ Efforts will be made to reduce SG&A expenses to a level below that for the previous fiscal
year by maintaining cost reduction.
⁻ Domestic flight business will swing to an operating profit, and operating profit/loss for JAT
alone will also move into the black.
⁻ The international flight business will continue to face a difficult situation, and an operating
loss will continue for two consecutive years on a consolidated basis.

Consolidated financial forecast for FY21

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

FY21
Items

Rate of

FY21

Amount affected

FY20

Amount affected(Forecasts)

due to TIAT

(Results)

due to TIAT

consolidation

Changechange(%)

consolidation

Operating revenues

103.2

2.4

46.5

-10.9

56.6

121.9

Operating income

-17.8

-18.2

-59.0

-33.1

41.2

-

Ordinary income

-19.3

-21.4

-57.3

-33.2

38.0

-

-10.3

-10.9

-36.5

-13.8

26.2

-

Capital expenditures

18.0

4.0

8.4

4.6

Depreciation expenses

31.6

14.6

34.3

14.7

EBITDA

13.8

-3.6

-24.7

-18.3

Net income attributable toowners of parent

Annual dividend

To be determined¥0.0

Payout ratio

To be determined-Japan Airport Terminal Co., Ltd.

10

2. Consolidated Financial Forecast for FY21(3) Quarterly Changes in Operating Income and EBITDA
Operating income,
EBITDA(Billions of yen)

Passenger
volume* Passenger volume (%): Percentage of the level before the impact of COVID-19 for domestic flights; ratio to the plan after the flightdeparture and arrival expansion for international flights

EBITDA is forecast to turn positive in 2Q FY21 (Passenger forecast: 65% for domestic flights; 21% for international flights)
Operating income is forecast to turn positive in 4Q FY21 (Passenger forecast: 95% for domestic flights; 43% for international flights)

Japan Airport Terminal Co., Ltd.

11

2. Consolidated Financial Forecast for FY21
(4) Status of Funds◆ Cash flow estimatedCash flow fromoperating activities(Billions of yen)

Cash flow frominvesting activities✓✓

Development of domestic flight facilities
Renovation of duty-free stores
Business jet facilities at internationalterminals-19.5 billion yen(FY20 result -29.7 billion yen)

Cash flow fromfinancing activities

Redemption of
convertible bonds

Free cash flow

Cash burn (*)(FY20 result-15.0

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

-13.0
-2.0

✓

-1.0

Available funds (end of year)
118.0 billion yen
Cash and deposits balance (end of year) 89.0 billion yen

End ofMarch
2021

Japan Airport Terminal Co., Ltd.

End of
March
2022

12

+ Short-term line of credit (set in FY20)

20.0 billion yen+ Existing commitment line

9.0 billion yen

3. Direction of Business Operations(1) Management Issues in the COVID-19 Pandemic
Impact of
COVID-19

FY20

The year for implementing emergency sustaining measures during the COVID-19 pandemic(cost-cutting, reviewing of investments, public stock offering)

The year to prepare for growth following a recovery from the COVID-19 pandemic,
while focusing on reducing the degree of the deficit

FY21– Pursuing flexibility and efficiency in terminal management– Strengthening and ensuring cost management– Diversifying earnings

Conversion into a flexible and resilient corporate structure which allows us to respondto the changing business environment

Mediumterm– Strengthening of the profitability structure based on streamlining– Improving earning power that is not dependent on passengers– Seeking investment efficiency for the functional strengthening of Haneda Airport to capture
future increases in demand (smart airport, terminal development, promotion of DX)– Promotion of a management strategy for responding to social issues and for sustainablegrowth (ESG, etc.)

FY25
Japan Airport Terminal Co., Ltd.

Secure profitability equivalent to that before the COVID-19 era to promote further
investment for growth13

3. Direction of Business Operations(2) Cost Management◆ Selling, General and Administrative Expenses for FY21 (compared
to initial plan) approx. -47.0 billion yen

140.0 billion yen

Nonpersonnel
expenses◆ Cost-cutting measures in FY20 and FY21
96.4 billion yen

77.7

Nonpersonnel
expenses
41.8

Personnel
expenses
27.0

Personnel
expenses
20.3

93.2 billion yen
Nonpersonnel
expenses
42.2
Personnel
expenses
19.3

Depreciation

Depreciation

expenses

Depreciation

expenses

35.3

expenses

34.3

31.5

FY20
(Initial plan)

FY20(Results)

FY21(Forecast)✓ Non-personnel expenses✓ Personnel expenses

⁻ Closing facilities according topassenger trends

⁻ Return of a portion of
directors’ remuneration

⁻ Turning to insourcing of outsourcedwork

⁻ Reduction of employees’
bonuses⁻ Reviewing operations; improving
efficiency through digitization

⁻ Reduction of extra pay
⁻ Sharing personnel within thegroup✓ Depreciation expenses
⁻ Reduction by cutting capitalspending

Promotion of cost structure reform/fundamental review of terminal management,
insourcing of operations, multi-tasking personnel

Maximizing/maintaining
costs
Japan Airport Terminal Co., Ltd.

Efficient utilization of
personnel
14

Strengthened
corporate structure3. Direction of Business Operations(3) Diversifying Earnings
Air passengers

Non-air passengers◆ Increasing limited edition items at
Haneda Airport◆ Development of the distribution
business⁻ Development of original sweet brands(HANEDA CHOCOLATE JOURNEY, etc.)⁻ Deploying technologies and products thathave jointly been developed at Haneda toother airports

Air passengers vs. Non-air
passengers◆ Strengthening of the EC business⁻ Increasing the number of product items;
diversifying products (inflight meals, etc.)
⁻ Increasing physical stores for borderless
EC businesses◆ Promotion of digital marketing⁻ Data collection with Haneda Airport’s
official app, etc.; use of data forcustomer-oriented management◆ Development of new services
⁻ Service where dedicated staff at the airport
escort passengers◆ Diversifying the purpose of facilities
at Haneda Airport
⁻ Providing rental spaces, including lockedfacilities
⁻ Improving attractiveness as a space tostay by reviewing the lines of businessand arrangement of stores◆ Promotion of regional revitalization
business (Creating a center for
tourism)⁻ Running ad events for tourism promotion
⁻ Expansion of outlet shops(Hokkaido Dosanko Plaza in Haneda
Airport, etc.)

Securing diversified earnings through further strengthening ofexisting businesses and creation of new businesses

Improved earnings power
Japan Airport Terminal Co., Ltd.

15

3. Direction of Business Operations(4) Development ofTerminals(1) New Terminal 1 satellite(2) Connection between Terminal 2 and its
satellite

Terminal 2

Terminal 1(3) Development of special business jet facilities

New business jet gate

Terminal 3

Strengthening of functionality and improvement of processing capacity at Haneda Airport,
improvement of passenger convenience, and response to new demand

Establishment of Haneda
Airport’s superiority
Japan Airport Terminal Co., Ltd.

Flexible terminal
management
16

Ensuring the capturing ofgrowing demand3. Direction of Business Operations(5) Management of Terminals◆ Establishing absolute safety◆ In pursuit of a smart airport

⁻ Thorough implementation of infection control
measures by the entirety of the Haneda Airport staff

⁻ Full-scale use of Face Express; promotion of FAST TRAVEL
⁻ Utilization of robots, etc.

⁻ Continuing to invest in safety measures including
disaster prevention

Check if you have afever, sore throat, or
coughing at home
before entering the
airport.

Wear a face mask in
the airport buildings.

Keep as much
distance from people
in front of and behindas possible when you
are on the escalator.

Keep as much
distance as possible
from others in theelevator.

(1) Self-service
check-in kiosk(registration)(4) Boarding gate (facialrecognition allowing
passengers to walkthrough)(2) Self-service bag drop(3) Security checkpoint entrance (facial recognition(identification by facial recognition)
allowing passengers to walk through)* At Haneda Airport, you need to pre-register at a Face Express registration kiosk.

When using sofas orseats, sit separated
from other people.

Please frequently
sanitize your hands.

Keep your distancefrom people using thewashstand.

Use non-contact
devices wheneverpossible, including theself-check in system.

Haneda Airport has obtained
the ACI Accreditation (*) for
measures against COVID-19
infections(*) Airport Council International (ACI) “Airport HealthAccreditation Program”
Japan Airport Terminal Co., Ltd.

17

3. Direction of Business Operations(6) ESG Initiatives

Environment
⁻ Utilization of natural energy (solar power generation,hydrogen bus operation)
⁻ Reducing waste incineration at Haneda Airport (installationof a new recycling building)⁻ Utilization and sales of energy-saving construction
materials(use of LEDs for lighting, radiative cooling materials, etc.)
⁻ Response to the marine plastic debris issue(discontinuing use of plastic straws, introduction of
shopping bags made from limestone, etc.)

Social⁻ Establishment of a PCR test system in collaboration withlocal governments and hospitals in the surrounding region

⁻ Promotion of a new work style to ensure employee safety
during the COVID-19 pandemic (remote working,staggered working hours, etc.)
⁻ Enhancement of universal services(space for calming down and cooling down, etc.)

Governance⁻ Verification of the effectiveness of the Board of Directors
⁻ Establishment of Nominating and Remuneration committees
Japan Airport Terminal Co., Ltd.

18

Earnings Explanatory Meeting
April 1, 2020 to March 31, 2021 (FY20)

Supplementary Material
1. Details of Consolidated Financial Results for FY20

2. Details of Consolidated Financial Forecast for FY21
3. Other Information* This document has been translated from the Japanese original, for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original,
the original shall prevail.

Japan Airport Terminal Co., Ltd.
https://www.tokyo-airport-bldg.co.jp/

1. Details of Consolidated Financial Results for FY20
(1) Changes in Passenger Volume (Haneda, Narita, Kansai and Chubu Centrair)(Thousand passengers)
70,000

Haneda Airport – domestic flights
64,88364,24260,00066,412

67,32349,93917,12015,000(Compared to Feb. 2021 forecast +0.4%)

18,164

FY20 results -97.5%(Compared to Feb. 2021 forecast -12.5%)

1H results - down 79.6％
2H results - down 59.5％

40,00016,823

15,642

FY20 results -70.3%
50,000

Haneda Airport – international flights(Thousand passengers)

20,00010,00019,2991H results - down 98.2％
2H results - down 96.7％

6,736

30,0005,000

413

20,000

2015

2016

2017

2018

2019

2020

← Results(Thousand passengers)

40,000FY

0FY

10,0002021

2015

32,410

2018

2019

2020

← Results

2021

Forecast →(Thousand passengers)

Narita Airport – international flights

33,4792017

Forecast →30,000Kansai Airport – international flights
FY20 results -99.1%

34,01830,0002016(Compared to Feb. 2021 forecast +2.5%)

35,87019,151

20,00021,905

1H results - down 99.5％
2H results - down 98.5％

22,061

22,896

FY20 results -96.3%
20,000Chubu Centrair Airport– international flights(Compared to Feb. 2021 forecast -10.2%)
1H results - down 97.2％
2H results - down 95.1％

FY20 results -99.7%

10,000(Compared to Feb. 2021 forecast +3.4%)

8,021

10,000

5,234

1,265

5,564

6,100

199

1H results - down 99.9％
2H results - down 99.4％
FY

0

2015

2016

2017

2018

2019

2020
← Results

2015

20

2016

2017

2018

2019

5,204
1,421

19

0

2021
Forecast →

6,198

FY

2020

← Results

2021

Forecast →Passenger volume
Results: Figures published by Minister of Land, Infrastructure, Transport and Tourism, Narita
International Airport Corporation, Kansai Airports Co., Ltd. and Central Japan International
Airport Co., Ltd.
Forecast: Created by the Company

1. Details of Consolidated Financial Results for FY20(2) Consolidated Financial Results for FY20
Consolidated financial results for the year (1H / 2H / full-year)
Items

1st Half
FY20
Millions of yen

Operating revenues

FY19

2nd Half
ChangeMillions of yen Millions of yen

FY20

FY19

Millions of yen

Full Year
ChangeMillions of yen Millions of yen

FY20

FY19

Ratio

ChangeRatio

Millions of yen％

Millions of yen

249,756

100.0％ Millions of yen

22,293

135,270-112,976

30,278114,485-84,207

52,572

100.0

Facilities management

16,44842,645-26,196

19,46840,296-20,828

35,917

68.3

82,94233.2-47,025

Merchandise sales

4,607

82,234-77,627

9,050

65,658-56,608

13,65726.0

147,893

59.2-134,235

Food and beverage

1,237

10,389-9,151

1,760

8,530

-6,7702,998

5.7

18,9207.6-15,922

5,077

63,222-58,144

10,01951,403-41,383

15,09728.7

114,62545.9-99,528

3,586

57,689-54,1028,396

46,599-38,203

11,98322.8

104,28841.8-92,305

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

Operating invome
Non-operating income/loss

Ordinary income
Extraordinary income/loss
Net income attributable toowners of parent

77.9％)(

1,491

Cost of sales of food and beverage(

120.4％)(

70.2％)(

5,532-4,041

53.3％)(

7.7P)

67.1P)(

92.8％)(

1,623(

92.2％)(

71.0％)(

4,803-3,18056.3％)(

21.8P)

35.9P)(

87.7％)

3,114((

103.9％)

70.5％)

10,336

5.9(-197,183(

4.1

54.6％)

17.2P)-7,222(

49.3P)

17,216

72,048-54,832

20,25963,082-42,823

37,475

71.3

135,130

54.1-97,655

49,48260,891-11,40947,01264,346-17,333

96,495183.5

125,23850.1-28,742-32,266

11,156-43,422-26,753-1,263-25,489-59,020-112.2

9,892

4.0-68,912

1,760

-427

2,188

-60

-758

698

1,699

3.2

-1,186

-0.5

2,886

-30,506

10,728-41,234-26,814-2,022-24,791-57,320-109.08,705

3.5-66,026-1,021137-1,158

3,521

-234

3,755

2,500

4.8

-96

0.0

2,597

-22,879

5,945-28,825-13,698-933-12,765-36,578

-69.6

5,012

2.0

-41,591* Ratio: Cost of sales of merchandise / Operating revenues of merchandise
Ratio: Cost of sales of food and beverage / Operating revenues of food and beverage

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

21

1. Details of Consolidated Financial Results for FY20

Consolidated financial results for the year (FY20 / FY19 for comparison / Forecast for comparison)
FY20 (Results)
Items

FY19 (Results)

Amount affected

Ratio

Operating revenues

ChangeAmount affected

Ratio

due to TIAT
consolidation

Millions of yen

Revised Forecast
due to TIAT

Rate of
ChangeDifference

（※１）

Ratio

consolidation

Millions of yen

Millions of yen

Millions of yen Millions of yen％

Millions of yen

Millions of yen

52,572100.0-10,925

249,756

100.0

24,279-197,183-79.0

55,500100.0-2,927

Facilities management

35,91768.3-11,018

82,94233.2

16,372-47,025-56.7

36,80066.3-882

Merchandise sales

13,65726.0

93147,893

59.2

7,723

-134,235-90.8

15,20027.4-1,542

Food and beverage

2,998

5.7

0

18,9207.6

183-15,922

-84.2

3,500

6.3

-501

15,09728.7

114,62545.9-99,528-86.8

14,40025.9

697

11,98322.8

104,28841.8-92,305-88.5

11,30020.3

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

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

87.7％)

3,114(

70.5％)

10,336

5.9( 103.9％)(( 17.2P)-7,222

4.1

54.6％)

(

3,100

-69.9

( 49.3P)

74.3％)(

683( 13.4P)

5.6

88.6％)

14( 15.3P)

37,475

71.3

135,130

54.1-97,655-72.3

41,10074.1-3,62496,495183.5

125,23850.1-28,742-23.0

99,100178.6-2,604-59,020-112.2-68,912--58,000-104.5-1,020

2,886

-

2,500

4.5

-800

-66,026--55,500-100.0-1,820

2,597

-

2,400

4.3

100

-41,591--35,000-63.1-1,578

1,699

3.2-57,320-109.02,500

4.8-36,578-69.6-33,106-33,247-13,896

9,892

4.0

-1,186

-0.5

8,705

3.5

-96

0.0

5,012

2.0

4,992
2,402

730

*1 Financial forecast announced in February 2021

*2 Ratio: Cost of sales of merchandise / Operating revenues of merchandise
Ratio: Cost of sales of food and beverage / Operating revenues of food and beverage
Note: Figures shown are rounded down to the nearest million yen.

22

1. Details of Consolidated Financial Results for FY20(3) Financial Results by Segment(i) Facilities management
FY20 (Results)
Items

FY19 (Results)

Amount affected

Ratio

Revised Forecast

Amount affected

Ratio

due to TIAT
consolidation

Changedue to TIAT

Rate ofDifference

Change(Feb. 2021)

Ratio

consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen％

Millions of yen

17,71247.2-4,296

18,259

20.6

3,970

-547

-3.0

18,100

46.7

-387

7,644

20.4

908

41,01946.3

22,611-33,374

-81.4

7,500

19.4

144

Other revenues

10,56028.1-7,631

23,662

26.7-10,209-13,102-55.4

11,20028.9-639

Subtotal

35,91795.7-11,018

82,942

93.6

16,372-47,025-56.7

36,800

95.1

-882

1,614

4.3

673

5,697

6.4

4,021

-4,082

-71.7

1,900

4.8

-285

37,532100.0-10,345

88,640100.0

20,393-51,108-57.7

38,700100.0-1,167

Operating expenses

73,815

196.7

19,60681,70792.2

15,142-7,892-9.7

75,600195.3-1,784

Operating income-36,283-96.7-29,952

6,932

7.8

5,251

-43,215--36,900

-95.3

616

-

( -104.5P)

Sales to external customers

Rent revenues
Facility user charges revenues

Intersegment sales
Total(Ratio)(-96.7％)

・Rent revenues:

・Facility user charges revenues:
・Other revenues:

-

(

7.8％)

(

-95.3％)

Decrease in revenue from leased space due to rent reductions or exemptions
in domestic terminal
Increase from renting space in international terminal as a PCR testing area, etc.
Decrease in fees for use of passenger facilities for international flights
Decrease in fees for use of passenger facilities for domestic flights
Decrease in revenue from parking fees, paid airport lounges , advertising fees, etc.
for domestic terminal
Decrease in revenue from parking fees, paid airport lounges, advertising fees, etc.
for international terminal.

23( -1.4P)- 1.4 billion+ 0.8 billion- 18.8 billion- 11.6 billion-

5.9 billion-

3.4 billion

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

1. Details of Consolidated Financial Results for FY20(3) Financial Results by Segment(ii) Merchandise sales
FY20 (Results)
Items

FY19 (Results)

Amount affected

Ratio

Revised Forecast

Amount affected

Ratio

due to TIAT
consolidation

Changedue to TIAT

Rate of
ChangeDifference(Feb. 2021)

Ratio

consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen％

Millions of yen

Domestic terminal stores

8,559

59.3

-

33,14822.2--24,588

-74.2

9,200

57.1

-640

International terminal stores

2,751

19.1

668

84,42056.6

53,171-81,669

-96.7

3,400

21.1

-648

Other sales

2,345

16.2

-575

30,323

20.3-45,447-27,977

-92.3

2,600

16.1

-254

13,657

94.6

93

147,893

99.1

7,723

-134,235-90.8

15,20094.4-1,542

779

5.4

522

1,378

0.9

539

-599

-43.5

900

5.6

-120

14,436100.0

615

149,272

100.0

8,263

-134,835-90.3

16,100100.0-1,663Operating expenses

25,758

178.4

1,791

138,448

92.7

6,472

-112,689-81.4

26,100

162.1

-341

Operating income-11,322-78.4-1,176

10,823

7.3

1,790-22,146--10,000-62.1-1,322

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)( -78.4％)

・Domestic terminal stores:
・International terminal stores:

・Other sales:( -85.7P)( 7.3％)( -62.1％)

Decrease in sales of directly managed stores, etc. at Haneda domestic terminal
Decrease in sales of directly managed stores, etc. at Haneda international terminal
Decrease in sales of directly managed stores at Narita Airport
Decrease in sales of urban duty-free stores
Decrease in wholesale sales to regional airports
Decrease in wholesale sales to Chubu Centrair Airport24( -16.3P)- 23.2 billion- 58.2 billion- 14.0 billion- 6.2 billion- 20.3 billion- 4.6 billion

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

1. Details of Consolidated Financial Results for FY20(3) Financial Results by Segment(iii) Food and beverage
FY20 (Results)
Items

FY19 (Results)

Amount affected

Ratio

Revised Forecast

Amount affected

Ratio

due to TIAT
consolidation

Changedue to TIAT

Rate of
ChangeDifference(Feb. 2021)

Ratio

consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen％

Millions of yen

Sales from restaurants

2,363

57.8

133

11,514

53.4

2,915

-9,150

-79.5

2,400

54.5

-36

Sales from in-flight meals

365

8.9

-

6,543

30.4

-

-6,177

-94.4

500

11.4

-134

Other sales

269

6.6

-132

863

4.0

-2,731

-593

-68.8

600

13.6

-330

2,998

73.3

0

18,92087.8

183-15,922

-84.2

3,500

79.5

-501

1,093

26.7

0

2,641

12.2

-

-1,547

-58.6

900

20.5

193

4,091

100.0

0

21,561

100.0

183-17,469

-81.0

4,400

100.0

-308

Operating expenses

8,242

201.5

111

21,11097.9

228-12,867

-61.0

8,500

193.2

-257

Operating income-4,150 -101.5

-110

451

2.1

-44

-4,602--4,100-93.2-50

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)・Sales from restaurants:
・Sales from in-flight meals:( -101.5％)( -103.6P)( 2.1％)

Decrease in sales at domestic flight restaurants
Decrease in sales at international flight restaurants
Decrease in sales to client airlines

25( -93.2％)( -8.3P)- 5.9 billion- 2.7 billion- 6.1 billion

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

1. Details of Consolidated Financial Results for FY20
(4) Breakdown of Selling, General and Administrative Expenses
Items

FY20

FY19

(Results)(Results)

Rate of

Changechange

Ratio

Ratio
Millions of yen％

Millions of yen％

Millions of yen％

Operating revenues

52,572100.0

249,756

100.0-197,183-79.0

Selling, general and administrative

96,495183.5

125,23850.1-28,742-23.0

11,01720.9

12,816

5.1-1,798-14.0

Provision for employees' bonuses

925

1.8

1,628

0.7

-702

-43.2

Provision for directors' bonuses

-

-

186

0.1

-186

-100.0

Expenses for retirement benefits

977

1.8

904

0.4

73

8.1

Rent expenses

11,73022.3

16,297

6.5-4,567-28.0

Business consignment expenses

12,02722.9

27,576

11.0-15,549-56.4

Depreciation expenses

34,31065.3

27,807

11.1

6,503

23.4

Other costs and expenses

25,50648.5

38,021

15.2-12,514-32.9

expenses

Salaries and wages

26

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

1. Details of Consolidated Financial Results for FY20(5) Changes in Non-Operating Income/Expenses and Extraordinary Income/Loss
Items

FY20

FY19

(Results)(Results)
Ratio

ChangeRate of Change

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

Operating revenues

52,572100.0

249,756

100.0-197,183-79.0

Operating income-59,020-112.39,892

4.0-68,912

-

7,607

14.5

2,488

1.0

5,119

205.7

2,660

5.1

390

0.2

2,270

581.7

-

-

462

0.2

-462

-

4,947

9.4

1,635

0.6

3,311

202.5

Non-operationg expenses

5,908

11.2

3,675

1.5

2,233

60.8

Interest expenses

2,289

4.4

2,901

1.2

-611

-21.1

Loss on investment by

1,652

3.1

-

-

1,652

-

1,966

3.7

773

0.3

1,192

154.1

Ordinary income/loss-57,320-109.08,705

3.5-66,026-

Extraordinary income

8,995

17.1

376

0.2

8,618

-

Extraordinary loss

6,494

12.4

473

0.2

6,021

-

Income taxes

1,140

2.2

2,620

1.0

-1,480-56.5-36,578

-69.6

5,012

2.0

-41,591-

Non-operationg income
Interest income anddividend
Return on investment by
the equity method

Othersthe equity method

Miscellaneous expenses

Net income attributable toowner's of parent

27

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

1. Details of Consolidated Financial Results for FY20

(6) Consolidated Balance Sheets(Millions of yen)

Cash and deposit-48.3 billion
Account receivables - 3.6 billion
Merchandise- 3.7 billion
Others-11.8 billion

Current
liabilities-5,23364,327
143,407

Current
assets+29,158

Accounts payable- 1.9 billion
Short-term borrowings+ 2.9 billion
Current portion of bonds withstock acquisition rights +15.0 billion
Income taxes payable- 0.9 billion
Others-19.6 billion

59,093

114,248

Bonds-11.0 billion
Long-term loans payable +14.8 billion
Others+ 6.2 billion
Tangible fixed assets (depreciable assets)
Buildings, etc.
＋ 4.5 billion
Accumulated depreciation -30.1 billion
Construction in progress- 4.6 billion
Intangible fixed assets- 1.7 billion

Investments and other assets
Investment securities- 3.6 billion
Deferred tax assets+ 3.6 billion

255,136

Fixedliabilities+9,418Fixed
assets-31,328

264,555

Common stock+20.6 billion
Capital surplus+32.8 billion
Retained earnings-37.3 billion
Treasury stock+ 3.2 billion
Accumulated othercomprehensive income - 3.9 billion
Non-controlling interest-21.7 billion

407,114375,785

Equity ratio
201,899

Total assets 519,193
2021.3期

195,544Net
assets-6,355

Total assets 521,363
2020.3期

2020.3期

28

FY202034.3％

FY201931.2％（ + 3.1Ｐ）

2021.3期

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

1. Details of Consolidated Financial Results for FY20

(7) Consolidated Statements of Cash Flows
Items

Cash flows from operating activites

FY20

FY19

(Results)(Results)

ChangeMillions of yen

Millions of yen

Millions of yen-4,387

20,222-24,609

Income before income taxes and minority interests-54,819

8,609-63,429

Depreciation and amortization

34,40327,901

6,502

Other current assets

11,573-12,080

23,654

Others

3,189

3,171

18

Proceeds from subsidy income

3,331

-

3,331

Income and other taxes paid

-2,065-7,378

5,313

Cash flows from investing activites-25,268-57,334

32,066

Purchase of tangible fixed assets-32,013-49,895

17,881

Purchase of intangible fixed assets-1,708-1,781

73

Investment securities

3,179-5,536

8,715

Others

5,274

-121

5,396

78,22821,64456,584

Cash flows from financing activites

400

-

400

17,602789

16,813

Proceeds from issuance of bonds

4,105

39,789-35,684

Redemption of convertible bonds--15,000

15,000

Proceeds from issuance of shares

41,135-

41,135

Proceeds from sales of treasury shares

Short-term borrowings
Long-term loans payable

15,426-

15,426

Dividends payment-812-3,574

2,761

Others

370

-360

731

Effect of exchange rate change on cash and cash equivalents

-13

-9

-3

Increase (decrease) in cash and cash equivalents

48,559-15,477

64,037

Cash and cash equivalents at beginning of period

71,79587,273-15,477

Cash and cash equivalents at end of period

120,355

71,79548,55929

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

2. Details of Consolidated Financial Forecast for FY21
(1) Consolidated Financial Forecast for FY21
FY21 (Forecast)
Items

Note: For figures for FY20 results, the new revenue
recognition accounting standard has been applied.
FY20 (Results)

Amount affected

Ratio

Amount affected

Ratio

due to TIAT

due to TIAT

consolidation

Operating revenues

ChangeRate of
Changeconsolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

103,200

100.0

2,400

46,532100.0-10,924

56,667

121.9

Facilities management

56,80055.0-700

36,04977.5-11,018

20,75057.6

Merchandise sales

37,000

35.9

3,100

7,770

16.7

93

29,229376.2

Food and beverage

9,400

9.1

-

2,712

5.8

1

6,687

246.5

27,800

26.9

9,034

19.4

18,765207.7

22,200

21.5

6,305

13.6

15,894

252.1

Cost of sales
Cost of sales of merchandise(Ratio)(60.0％)

5,600

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

Operating invome
Non-operating income/loss
Ordinary income(

owners of parent

81.1％)(

100.6％)

2,728

5.4

59.6％)( -21.1P)

2,871

5.9

105.2

(△ 41.0P)

75,40073.1

37,49780.6

37,902

101.1

93,20090.3

96,528207.4-3,328-3.4-17,800-17.2-18,200-59,030-126.9-33,106

41,230

-

1,699

3.7

-3,199--21,400-57,331-123.1-33,247

38,031

-

2,500

5.4

-2,500--36,578-78.6

26,278--1,500-1.5-19,300

-18.7

0

0.0

-10,300-10.0

Extraordinary income/loss
Net income attributable to(* Preconditions: Forecast of number of passengers
Haneda domestic (full-year)+ 158.8% YoY

Haneda international (full-year)+1,527.8% YoY

Narita international (full-year)+ 533.9% YoY

Kansai international (full-year)+2,503.1% YoY

Central Japan international (full-year)+7,281.0% YoY-10,900-13,896* Ratio: Cost of sales of merchandise / Operating revenues of merchandise sales
Ratio: Cost of sales of food and beverage / Operating revenues of food and beverage

30

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

2. Details of Consolidated Financial Forecast for FY21(2) Forecast of Operating Revenues by Segment

Note: For figures for FY20 results, the new revenue
recognition accounting standard has been applied.

(Millions of yen)

Full Year
Items

FY21
(Forecast)Amount affected

FY20

due to TIAT

(Results)

Amount affectedconsolidation

due to TIAT

ChangeRate of
Change (%)

consolidation

56,800-700

36,049-11,018

20,75057.6

Rent revenues

18,000-4,20017,712-4,296287

1.6

Facility user charges revenues

26,700

9,700

7,644

908

19,055

249.2

Other revenues

12,100-6,20010,692-7,631

1,407

13.2

Merchandise sales

37,000

3,100

7,770

93

29,229376.2

Domestic terminal stores

8,200

-

3,242

-

4,957

152.9

International terminal stores

18,30016,8002,181

668

16,118738.9

Other sales

10,500-13,700

2,345

-575

8,154

347.6

Food and beverage

9,400

-

2,712

1

6,687

246.5

Sales from restaurants

6,000

400

2,077

134

3,922

188.7

Sales from in-flight meals

2,500

-

365

-

2,134

584.3

900

-400

269

-132

630

234.2

Facilities management

Other sales

31

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

2. Details of Consolidated Financial Forecast for FY21
(3) Financial Forecast by Segment

Note: For figures for FY20 results, the new revenue
recognition accounting standard has been applied.

(i) Facilities management
FY21 (Forecast)
Items

FY20 (Results)

Amount affected

Ratio

Amount affected

Ratio

due to TIAT
consolidation

Changedue to TIAT

Rate of
Changeconsolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Rent revenues

18,00030.3-4,20017,71247.0-4,296287

1.6

Facility user charges revenues

26,700

44.9

9,700

7,644

20.3

908

19,055

249.2

Other revenues

12,10020.4-6,20010,692

28.4-7,631

1,407

13.2

Subtotal

56,80095.6-70036,04995.7-11,018

20,750

57.6

2,600

4.4

1,500

1,614

4.3

673

985

61.0

59,400100.0

800

37,663100.0-10,345

21,736

57.7

Operating expenses

64,600108.8

19,40073,947196.3

19,606-9,347-12.6

Operating income-5,200-8.8-18,600-36,283-96.3-29,952

31,083-

Sales to external customers

Intersegment sales
Total(Ratio)(・Rent revenues:
・Facility user charges revenues:
・Other revenues:-8.8％)-( -96.3P)-

Increase in revenue from leased space due to a reduction in the range, etc.
of rent reductions or exemptions in domestic terminal
Increase in fees for use of passenger facilities for domestic flights
Increase in fees for use of passenger facilities for international flights
Increase in revenue from parking fees, paid airport lounges , advertising fees, etc.
for domestic terminal
Increase in revenue from parking fees, paid airport lounges, advertising fees, etc.
for international terminal.
Decrease in subcontracted work revenues, etc.

32

( 87.5P)+ 0.2 billion+ 10.1 billion+ 7.8 billion+ 2.2 billion+ 0.6 billion- 1.9 billion

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

2. Details of Consolidated Financial Forecast for FY21
(3) Financial Forecast by Segment

Note: For figures for FY20 results, the new revenue
recognition accounting standard has been applied.

(ii) Merchandise sales
FY21 (Forecast)
Items

FY20 (Results)

Amount affected

Ratio

Amount affected

Ratio

due to TIAT

Rate of

ChangeChangedue to TIAT

consolidation

consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Domestic terminal stores

8,200

21.4

-

3,242

38.2

-

4,957

152.9

International terminal stores

18,30047.7

16,800

2,181

25.7

668

16,118738.9

Other sales

10,50027.3-13,700

2,345

27.6

-575

8,154

347.6

37,000

96.4

3,100

7,770

91.5

93

29,229

376.2

1,400

3.6

700

720

8.5

522

679

94.3

38,400

100.0

3,800

8,490

100.0

615

29,909352.3

Operating expenses

42,300

110.2

1,600

19,823

233.5

1,791

22,476

113.4

Operating income-3,900

-10.2

2,200

-11,332-133.5-1,176

7,432-

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)・Domestic terminal stores:
・International terminal stores:

・Other sales:( -10.2％)( 123.3P)( -133.5P)

Increase in sales of directly managed stores, etc. at Haneda domestic terminal
Increase in sales of directly managed stores, etc. at Haneda international terminal
Increase in sales of directly managed stores at Narita Airport
Increase in sales of urban duty-free stores
Increase in wholesale sales to regional airports

33+ 4.9 billion+ 12.6 billion+ 2.5 billion+ 0.6 billion+ 5.9 billion

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

2. Details of Consolidated Financial Forecast for FY21
(3) Financial Forecast by Segment

Note: For figures for FY20 results, the new revenue
recognition accounting standard has been applied.

(iii) Food and beverage

FY21 (Forecast)
Items

FY20 (Results)

Amount affected

Ratio

Amount affected

Ratio

due to TIAT
consolidation

Changedue to TIAT

Rate of
Changeconsolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Sales from restaurants

6,000

57.1

400

2,077

58.4

134

3,922

188.7

Sales from in-flight meals

2,500

23.8

-

365

10.2

-

2,134

584.3

900

8.6

-400

269

7.6

-132

630

234.2

9,400

89.5

-

2,712

76.2

1

6,687

246.5

1,100

10.5

-

845

23.8

-

254

30.2

10,500

100.0

-

3,557

100.0

1

6,942

195.1

Operating expenses

11,600

110.5

100

7,708

216.7

112

3,891

50.5

Operating income-1,100

-10.5

-100

-4,150-116.7

-111

3,050

-

Sales to external customers

Other sales
SubtotalIntersegment sales
Total(Ratio)・Sales from restaurants:
・Sales from in-flight meals:( -10.5％)-( -116.7P)

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

34-( 106.2P)+ 3.3 billion+ 0.3 billion+ 2.1 billion

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

3. Other Information(1) Capital Expenditure and Depreciation Expenses
FY16(Results)

FY17(Results)

FY18(Results)

FY19(Results)

FY20(Results)

FY21(Forecast)Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Capital expenditure

6,853

27,88557,55972,6138,494

18,000Depreciation expenses

11,60910,806

24,63427,80734,31031,600Items

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

• Breakdown of Major Capital Expenditures
FY20 (Results)

FY21 (Forecast)Upgrade of crime prevention/disaster-readiness equipment¥1.2 billion

Terminal 1 and 2 expansion

Repair and upgrade of various equipment and facilities¥0.7 billion

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

Store renovation work, etc.

¥0.7 billion

Repair and upgrade of various equipment and facilities¥0.3 billion

Construction of new recycling building¥0.4 billion(TIAT investment plan

¥4.0 billion)(TIAT investment amount¥4.6 billion)¥13.0 billion

・Breakdown of main depreciation expenses
FY16(Results)

FY17(Results)

FY18(Results)

FY19(Results)

FY20(Results)

FY21(Forecast)Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Terminal 1

4,400

4,300

4,100

4,700

4,500

3,700

Terminal 2

4,100

3,800

3,800

5,900

11,80010,300

-

-

9,500

10,200

11,20011,000

300

300

300

700

600

500

TIAT
P4 Parking

35

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

3. Other Information(2) Changes in Operating Revenues/Ordinary Income/Cash Flows

1,500

Haneda Airport Terminal 1
started operation (Sep. 1993)

Haneda Airport Terminal 2
started operation (Dec. 2004)

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

Subsidiary consolidationof TIAT (Apr. 2018)

Billionsof yen400

COVID-19 pandemic

Great East Japan Earthquake

H1N1 influenza outbreak

Hikes in the price of
crude oilFinancial crisis being
triggered by the US

Chubu International
Airport opened

SARS outbreak

Iraq war

Financial realignment(left) Operating revenues (forecast)(right) Cash flows (forecast)(right) Ordinary income (forecast)
9-11 Terrorist Attack in the US

2,000

Y2K task

Kansai International
Airport opened

2,500

Narita Airport Terminal 2
started operation

3,000

Voluntary closure of
Yamaichi Securities(left) Operating revenues (results)(right) Cash flows (results)(right) Ordinary income (results)

Billionsof yen200

0The extended part ofHaneda Airport Terminal 2
and Terminal 3 started
operation (Oct. 2010)-200

Terminal 3 extension
started operation(Mar. 2014)

1,000

-400

500

0

←

→

-600

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21

Results Forecast

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

April 1, 2020 to March 31, 2021 (FY20)

Reference Material
1. Outline of Japan Airport Terminal Group
2. Summary of Tokyo International Airport (Haneda)* This document has been translated from the Japanese original, for reference purposes only.
If there is any discrepancy between this translated document and the Japanese original,
the original shall prevail.

Japan Airport Terminal Co., Ltd.
https://www.tokyo-airport-bldg.co.jp/

1. Outline of Japan Airport Terminal Group(1) The company’s position at Haneda Airport(comparison with other major airports in Japan)
AirportHanada Airport(Tokyo International Airport)

Category

Responsible and managedby national government

Control

Chubu Centrair
International Airport

KansaiInternational
AirportItami Airport(OsakaInternational
Airport)Responsible and managed by each airport comparnyNational government(Minister of Land, Infrastructure, Transport and Tourism)

facilities

Airportfacilities(Basic facilities)
Runways
Taxiways

NaritaInternational
AirportNational government(Minister of Land, Infrastructure,
Transport and Tourism)

Aprons
Passenger handlingfacilities(Passenger terminalbuildings)

Domestic terminal：Japan Airport
Terminal Co., Ltd. (JAT)International terminal：Tokyo
International Air Terminal Corp. (TIAT)

Shareholder
composition

Private corporations, etc. : 100％

[Owner]
New Kansai International Airport
Company, Ltd.
Narita International
Airport
Corporation

Central Japan
International Airport
Co., Ltd.

Outsourced[Operator]
Kansai Airports Co., Ltd.

National government : 100％

Private corporations, etc. : 50％
National government : 40％
Local government : 10％[Owner]National government : 100％
[Operator]
Private corporations, etc. : 100％

Source: Prepared by the company based on information on the websites of Ministry of Land, Infrastrucure, Transport and Tourism and the respective companies.

(Reference) Basic position of passenger terminal building companies⚫ Operators of the airport facilities
Runways, taxiways and aprons:
Installed and managed by national or local governments, or Narita, New Kansai, Central Japan airport companies.
Passenger and cargo handling facilities: Constructed, owned, managed and operated by private corporations, third sector bodies, airport companies, etc.
Maintenance facilities:
Constructed, owned, and managed by private corporations or airline companies
Both JAT and TIAT have been designated as Airport Facilities Operators* by the Minister of Land, Infrastructure, Transport and Tourism pursuant to Article 15,
Paragraph 1 of the Airport Act.
* Airport Facilities Operator is an enterprise that constructs or manages airport facilities (passenger or cargo handling facilities or aircraft refueling facilities
necessary for an airport to perform its functions).
⚫ Relationship with airline companies: JAT and TIAT lease facilities such as check-in counters and offices.
⚫ Relationship with merchandise stores, restaurants, and service stores: JAT and TIAT operate their own stores, or lease store/office space to the tenants such as
airline-related companies. Those companies need filings to operate sales at the airports.

38

1. Outline of Japan Airport Terminal Group(2) Business Details
A company responsible for construction, maintenance and operation of Haneda Airport passenger terminals
Terminal 2■ Terminal 1■ Terminal 2■ Terminal 3■ Operating Entity

Terminal 1・ Domestic passenger terminals: Japan
Airport Terminal Co., Ltd. (JAT)・ Construction, management, and operation ofterminal buildings
・ Real estate leasing (offices, stores and otherspaces for airline companies and airport-based
businesses)
・ Merchandise sales (duty-free stores, others)
・ Food and beverage services
Terminal 3・ Passenger services
・ Preparation/sales of in-flight meals
・ Management of parking lots

・ International passenger terminal: Tokyo
International Air Terminal Corporation(TIAT)
・ The international passenger terminal isoperated as a private finance initiative(PFI) project (2008-2038).
・ The terminal was built and is managed
and operated by TIAT (consolidated
subsidiary of JAT since 2018), establishedthrough investment with airline companies
and other entities, centering on JAT.

Offering high-quality services at domestic airports Narita, Kansai and Chubu, and at airports outside of Japan, leveraging
expertise honed at Haneda Airport.
Narita International
Airport• Merchandise sales (duty-free stores, etc.)• Wholesale, commissioned management of
duty-free stores• Food and beverage service• Travel accident insurance agency business• Preparation/sales of in-flight meals

Kansai and Chubu Centrair
International Airport

Domestic Airports
throughout Japan• Merchandise sales (duty-free stores)• Wholesale• Merchandise sales (Naha)• Wholesale• Operation of Kumamoto Airport

39

At overseas Airport• Merchandise sales at Chengdu Shuangliu
International Airport• Operation of Palau International Airport• Operation of New Ulaanbaatar Airport

1. Outline of Japan Airport Terminal Group(3) Basic Philosophy and Management Policy
Basic philosophy“Balancing Public Good and Business Success”
Passenger terminal buildings serve as public infrastructure of enormous importance.
Utilizing private-sector business approaches to properly achieve this highly public mission is
our basic management philosophy.

Management policy● Establish absolute safety in passenger terminals● Operate passenger terminals for the benefit of customers(convenience, comfort and functionality)● Operate passenger terminals stably and efficiently● Reinforce corporate structure and improve the combined competence of the Group companies
Our Business Model Since Establishment
・Since its establishment, Japan Airport Terminal has optimally leveraged private-sector knowledge and financing to build, manageand operate passenger terminal buildings, which have enormously important public value, as a purely private enterprise spanningnearly 60 years.
・Based on the Japanese government’s policies governing airports and airlines, Japan Airport Terminal is engaged in facilities
installation, including expansion, the provision of appropriate services, and measures to ensure the safety and stability ofpassenger terminal buildings.
・Japan Airline Terminal contributes to the development of the airline industry, guided by a consistent dedication to sharedprosperity with airline companies.

40

1. Outline of Japan Airport Terminal Group(4) ESG Initiatives
Point:- Continuing to work on initiatives started at the time of founding based on the corporate philosophy,"Balancing Public Good and Business Success"- Pursuing the long-term vision for becoming the most highly rated airport in the world, or the world's
best airport
Category
Environment

SocialGovernance

Main initiatives

Most recent initiatives• Energy saving measures (Use of LEDs forlighting equipment, inverter control of air
conditioning, introduction of hybrid vehicles)• Use of natural energy (Green power, solar
power generation)• Improvement of labor productivity throughenhanced working environment• Spread of diversity (female executives, hiring of
foreign national employees, etc.)• Donation of money for school lunch todeveloping countries (TABLE FOR TWO)
• Investment in disaster prevention and safetymeasures• Verification of effectiveness evaluation of theboard of directors• Establishment of the nominating/remunerationcommittee

41•

Construction of new recycling building•

Dealing with the marine plastic debris problem(Changing the material used for straws andshopping bags, etc.)•

Demonstration experiment of the radiative
cooling film•

Effort for reducing food loss•

Effort for transmitting art and culture of Japanand for regional revitalization (Business ofHaneda Future Research Institute)•

Installing “water stop boards”•

Installing “Scattering prevention films”•

Japan Public-Private Partnership Student
Study Abroad Program•

Installing charging equipment with built-in
storage battery•

Establishing a PCR testing system•

Strong governance, strengthening of theboard of directors•

Cybersecurity measures1. Outline of Japan Airport Terminal Group(5) Company History
Haneda Airport was re-launched as Japanese air gateway after being returned by the U.S. in 1952. However, on account of a lack of financial resources after the war,
only the costs for paving the taxiway and apron were included in the national budget. Therefore, it was decided to build the terminal with private funds (cabinet
approved), and in 1953 the Company was founded with the cooperation of major institutions (with capital 150 million yen), and the terminal was opened in May 1955.
1953(July)

Established with private sector capital of 150 million yen.

1955

(May)

The terminal building opened and launched operation.

1964(April)Separate domestic arrival terminal building completed in time with the Tokyo Olympic Games.

(October)Duty-free sales operations commenced.
Commenced merchandise sales including duty-free articles, hotel reservation services and other

1978

(May)

1990

(February)

Listed on second section of the Tokyo Stock Exchange.

1991(September)

Listed on first section of the Tokyo Stock Exchange.

1993(September)

Haneda Airport Terminal 1 (Big Bird) started operation.

1994(September)

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

2001(February)

International charter flights commenced at Haneda Airport.

2002(April)2003(November)International charter flights between Haneda and Seoul (Gimpo) commenced.

2004(December)

Terminal 2 at Haneda Airport started operation.

2005(February)

Wholesale of duty-free goods commenced with the opening of Central Japan International Airport.

2006(June)

Established the special purpose company (SPC) “Tokyo International Air Terminal Corporation" (TIAT).

2007(February)South Pier in Terminal 2 at Haneda Airport started operation.

(September)International charter flights between Haneda and Shanghai (Hongqiao Airport) commenced.

2008(April)International charter flights between Haneda and Hong Kong commenced (during specific hours).

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

(October)International charter flights between Haneda and Beijing commenced.

operations with the opening of Narita International Airport.

Launched commissioned operation of duty-free stores and wholesale of duty-free goods accompanying
opening of the Kansai Airport.

Terminated periodic international flights from Haneda Airport (transfer of China Airlines and the EVA

Haneda Airport Terminal when opened

Airways to Narita).

Haneda Airport Terminal 1

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

2010(October)

2011(November)

Renewal of Terminal 1 building, Haneda Airport completed.

2013(April)The extended part of South Pier in Terminal 2 at Haneda Airport started operation.

2014(March)The Passenger Terminal 3 extension, Haneda Airport started operation (TIAT).

2018(April)Subsidiary consolidation of Tokyo International Air Terminal Corporation (TIAT).

2019(December)

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

2020(March)The international flight facilities in Terminal 2, Haneda Airport started operation.

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

42

Haneda Airport Terminal 2

1. Outline of Japan Airport Terminal Group
Facilities management operations(6) Group Companies◼ Tokyo International Air Terminal Co., Ltd.
Management and operation of international passenger
terminal building.
◼ BIG WING Co., Ltd.
Advertising agency business, event planning andmanagement◼ Japan Airport Techno Co., Ltd.
Installation, upkeep and management of passenger terminal
facilities and environmental and sanitation management offacilities◼ Haneda Airport Security Co., Ltd.
Security services and parking lot service management◼ Haneda Passenger Service Co., Ltd.
Passenger services operations◼ Japan Airport Ground Handling Co., Ltd.
Passenger handling services◼ Haneda Future Research Institute Inc.
Further improvement of value in existing airport operation,
development of new business model, etc.
◼ Sakura Shokai Co., Ltd.
Airport cleaning center management and waste treatment

Facilities
management
operations
Total:
19 companies

Food andbeverage
operations

Merchandise
sales
operations

Food and beverage operations

8 companies

4 companies

Merchandise sales operations

7 companies◼ Japan Duty Free Fa-So-La Isetan Mitsukoshi Co., Ltd.
Development of airport duty-free stores in urban areas◼ International Trade Inc.
Wholesale business and merchandise sales to Japanese airport
retail stores and other clients◼ Japan Airport Logitem Co., Ltd.
Merchandise transport, delivery and inspection◼ Air BIC INC. Retail sales of home appliances◼ Haneda Airport Enterprise Co., Ltd.
Store operation business◼ Japan Airport Terminal Trading (Chengdu) Co., Ltd.
Merchandise sales and wholesale business at Chengdu
Shuangliu International Airport◼ Hamashin Co., Ltd.
Wholesale and retail sales of marine products◼ Tokyo Airport Restaurant Co., Ltd.
Restaurant business, light meal production and sales,
paid waiting room management◼ Cosmo Enterprise Co., Ltd.
Preparation and loading of in-flight meals, production
and sale of frozen food
◼ LANI KE AKUA PACIFIC, INC.
Restaurant business◼ KAIKAN KAIHATSU Co., Ltd.
Restaurant business, management and operation of
lodging, halls and meeting rooms431. Outline of Japan Airport Terminal Group(7) Revenue Composition/Details by Segment, Composition of Sales※ The data calculated based on the FY19 results as a guide for a normal year
Figures in ( ) denote percentage change from the end of March 2019
Category

Revenue details
Office lease (fixed rent); store lease

Rent revenue(fixed rent + percentage commission) at
Haneda domestic and international terminals

Facility user

Fees for use of passenger facilities (Haneda

Facilities

chargesdomestic and international flights: PSFC),

management

revenueinternational terminal PBB user charges, others

operations

Expenses details
Depreciation; water, heating, energy
expenses; repairs expenses; lease fee(such as national property usage fee);taxes and public charges; cleaning
expenses; outsourcing fees

Parking fee revenue, advertising revenue andOtherssales from paid airport lounge at Haneda

Lease fee (such as national property

domestic and international terminals, Hotelusage fee); taxes and public charges

business income, Revenue from subcontracted(fixed asset tax); outsourcing fees

work
Stores atdomestic
terminal

Merchandise sales for stores at Haneda domestic
terminal stores

Cost of sales; supply expenses

Merchandise sales for stores at Haneda
Stores at
Merchandiseinternationalsales

terminal

operations

international terminal stores; Merchandise sales
from airport duty-free stores, etc. at Narita
International Airport, Kansai International
Airport and Chubu Centrair International Airport,

Cost of sales; supply expenses;
percentage of business; agent service
fee

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

Cost of sales; agent service fee

management revenues at Narita International
Airport and Kansai International Airport
Restaurants
Food andbeverage

Restraurant sales at Haneda Airport domestic

Food expenses (cost of sales for foodand international terminal and Narita

and beverage); percentage ofInternational Airport

business; outsourcing costs

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

operations
OthersFood expenses (cost of sales for foodand beverage)

Income from catering airline lounges, Wholesale Food expenses (cost of sales for foodof products such as frozen foods, box meals, etc. and beverage); outsourcing costs

44

1. Outline of Japan Airport Terminal Group(8) Changes in Capital Investment
Fisical Year

Investment (at timeof construction)

Details

1955

Construction of former terminal building\1.0 billion

1963

Major expansion and renovation (Measures for jet aircraft and the Olympics)\3.5 billion

1970

Construction for accommodating jumbo jets (domestic and international terminal buildings)\3.2 billion

1977

Construction for disaster safety measures\8.0 billion

1978～1981

Construction to repurpose domestic terminal accompanying shift to international flights at Narita
Airport\11.5 billion

1984

Construction for domestic terminal redeployment\15.0 billion

1993

Construction to build Terminal 1 building and remove old terminal building\136.0 billion

1997

Terminal 1 building renovation (bus lounge expansion, new boarding stations)\2.0 billion

1998

Construction to build provisional international terminal building\1.5 billion

1999～2002

Renovation of Terminal 1 building (barrier-free measures)\3.4 billion

2002

Expansion and renovation of provisional international terminal building\1.0 billion

2004

Construction to build Terminal 2 building\67.0 billion

2004～2005

Renovation of Terminal 1 building (including marketplace revitalization)
Provisional international terminal building expansion and renovation\15.0 billion\0.6 billion

2006

Construction for expansion of Terminal 2 building (Second Stage of the Plan)\11.5 billion

2007

Construction to build P4 simplified parking structure\2.0 billion

2007～2008

Provisional international terminal building expansion and renovation

2008～2010

Construction of Terminal 3 building and P5 parking [TIAT]
Terminal 2 building expansion (Third Stage of the Plan)
Construction to convert P4 parking lot to multi-story parking lot

2011

Terminal 1 building renovation (departure lobby, departure lounge, observation deck, etc.)\7.0 billion

2012～2014

Terminal 3 building expansion (expansion in 8 spots, lobby expansion, etc.) [TIAT]\70.0 billion

2013

Terminal 2 building expansion (Fourth Stage of the Plan) Expansion in 3 spots\7.6 billion

2017～2019

Terminal 2 building expansion (international flight facility, satellite, office space expansion, etc.)
Terminal 3 building expansion (expansion in 2 spots, lobby expansion, etc.) [TIAT]\74.0 billion\21.0 billion

2018～2019

Terminal 1 building renovation (basement, 1st floor arrival lobby interior modification, etc.)\3.6 billion\100.0 billion\19.0 billion\6.0 billion\4.7 billion
Total \595.1 billion45

1. Outline of Japan Airport Terminal Group(9) Summary of Tokyo International Air Terminal Corporation

8. Composition of Shareholders

1. Company Name Tokyo International Air Terminal Corporation
2. Date Founded

June 20, 2006

3. Headquarters Location
Haneda Airport, Ota-ku, TokyoJapan Airport Terminal Co., Ltd.

(51.00%)Japan Airlines Co., Ltd.

(16.87%)

ANA HOLDINGS INC.

(16.87%)

4. Capital

13,265 million yen

NARITA INTERNATIONAL AIRPORT CORPORATION(3.05%)

5. Businesses

Maintenance and management of the terminalbuilding in the international section of Tokyo
International Airport

TEPCO Energy Partner, Incorporated(2.37%)

SECOM CO., LTD.

(2.04%)

Katsuji Doi, President (Former Vice Presidentof Japan Airport Terminal Co., Ltd.)Tokyo Gas Co., Ltd.

(2.04%)

Keikyu Corporation(1.36%)TOKYO MONORAIL CO., LTD.

(1.36%)NTT DATA Corporation(1.02%)Development Bank of Japan Inc.

(0.68%)

Mizuho Bank, Ltd.

(0.68%)MUFG Bank, Ltd.

(0.68%)

6. Representative

7. Corporate Philosophy
As the gateway to the nation’s capital, Tokyo,
we will endeavor to continue providing
cutting-edge terminal facilities and services tocustomers from across the world and thus
contribute to the development of theinternational aviation network.

46

2. Summary of Tokyo International Airport (Haneda)(1) Location Map■ Total area of airport 1,516 ha■ Apron Total area/268 ha

Spots/232■ Runway
・Runway A

3,000 m×60 m

１・Runway B

2,500 m×60 m

2・Runway C

3,360 m×60 m

3・Runway D

2,500 m×60 m

43

Runway capacity Approx. 486,000
flights/year
７■ Terminal building
・Terminal 1

５

Floor space/approx. 292,400 ㎡
Spots (stationary boarding bridge
present)/24 locations
・Terminal 2

4

６

６

2

11

12

10

9

Floor space/approx. 340,000 ㎡
Spots (stationary boarding bridge
present)/23 locations
・Terminal 2 satellite

５７１

Floor space/approx. 11,600 ㎡
Spots (stationary boarding bridge
present)/3 locations
・Terminal 3

８８Floor space/approx. 256,000 ㎡
Spots (stationary boarding bridge
present)/20 locations

13

14■ Parking lot
・P1

Capacity/2,318 vehicles

９・P2

Capacity/2,315 vehicles

10

・P3

Capacity/2,449 vehicles

11

・P4

Capacity/3,087 vehicles(includes 2 microbus spaces)

12・P5 Capacity/approx. 3,000 vehicles■ Haneda airport wharf

47

1３
14

2. Summary of Tokyo International Airport (Haneda)(2) Comparison of Passenger Volume
Japan Airport Passenger Volume Ranking(2020 calendar year)

Global Airport Passenger Volume Ranking(2020 calendar year bulletin)

Airport

Code

Annual(thousand people)

1 Tokyo (Haneda)

HND

30,965 (27,836)

84

26.7

2 Tokyo (Narita)

NRT9,852 (3,220)

26

8.5

3

FukuokaFUK9,583 (8,705)

26

8.3

4 Sapporo(Chitose)

CTS

9,299

25

8.0

5

Okinawa (Naha)

OKA

9,208 (8,785)

25

7.9

6

Osaka (Itami)ITM7,672 (7,672)

21

6.6

7 Osaka (Kansai)

KIX

6,514 (3,048)

17

5.6

8 Nagoya (Chubu)NGO3,809 (2,812)

10

3.3

9

Kagoshima

KOJ2,581 (2,532)

7

10 Osaka (Kobe)

UKB

1,625 (1,625)

479 other airports(8,665)24,781 (24,318)

Daily average(thousand people)

City/Airport

Share (%)

Code

Annual(thousand people)

1

Guangzhou

CAN

43,767

2

AtlantaATL

42,9183

ChengduCTU

40,741

4

Dallas/Fort Worth

DFW

39,364

5

Shenzhen

SZX

37,916

6

Beijing Capital

PEK

34,5137

DenverDEN

33,741

2.2

8

Kunming

KMG

32,990

1.4

9Shanghai Hongqiao

SHA

31,165

XIY

31,073

21.4

Figures in parentheses are airport passenger volume for domestic flights.
Material: Aggregate statistics of airport usage within jurisdiction of East
Japan Civil Aviation Bureau and West Japan Civil Aviation Bureau

48

10 Xi’an

Source: ACI (Airports Council International) website

2. Summary of Tokyo International Airport (Haneda)
Domestic flights 48 routes
Approx. 497 flights (departures)/day(excluding code share flights)(3) Domestic Destinations and Flights(The data collected from the flight timetables for April 2020 as a guide for a normal year)
Code

Flights/day

Okayama

OKJ

10

Hiroshima

HIJ

17

Yamaguchi Ube

UBJ

10

IwakuniTakamatsu
Tokushima
Matsuyama

Kochi
Fukuoka
Kitakyushu

Okinawa

Kyushu

Saga
Oita

IWK

IWJ
TAK
TKS
MYJ
KCZ
FUK
KKJ
HSG
OIT

TOY

4

Noto

NTQ

2

Komatsu

KMQ

6

Nagoya (Chubu)NGO

5

Osaka (Itami)

ITM

30

5

Osaka (Kansai)

KIX

14

Osaka (Kobe)

UKB

10

Nanki Shirahama

SHM

3

City

Code

Flights/day

Sapporo (Chitose)

CTS

51

10

Wakkanai

WKJ

1

3

Asahikawa

AKJ

7

Obihiro

OBO

7

Kushiro

KUH

6

Mombetsu

MBE

1

Memanbetsu

MMB

5

10

Nakashibetsu

SHB

1

12

Hakodate

HKD

8

10

Aomori

AOJ

654

Misawa Hachinohe

MSJ

3Odate-Noshiro

ONJ

2

Akita

AXT

9

Yamagata

GAJ

2

Shonai

SYO

4

5

2
13

15
5
14

Kumamoto

KMJ

18

NagasakiNGS

14

Miyazaki

KMI

19

City

Code

Flights/day

Kagoshima

KOJ

24

Hachijojima

HAC

3

Amami Oshima

ASJ

1

Okinawa (Naha)

OKA

30

MiyakoMMY

2Ishigaki

ISG

4

Kanto

Shikoku

Hagi Iwami

IZO

ToyamaHokkaido

Izumo

YGJ

Flights/day

TohokuYonago

TTJ

Code

Chubu

Tottori

City

Kinki

ChugokuCity49

2. Summary of Tokyo International Airport (Haneda)
Country(4) International Destinations and Flights(The data collected from the plan for April according to the 2020 Summer Schedule as a guide for a normal year)

CanadaInternational flights to 53 cities, 58 routes
Approx. 168 flights departing per day

USACountry/Region

Korea

Country
RussiaCity

Code

Slots/day

2

2

Italy

Rome

FCO

Country

City

Code

Slots/day

TurkeyIstanbul

IST

1

Qatar

Doha

DOH

1

UAE

Dubai

DXB

1

6:00～23:00

Taiwan

23:00～6:00

50

7NewarkEWR

1New York

JFK

3

Washington

IAD

2

Minneapolis

MSP

1

ChicagoORD

3

Atlanta

ATL

1Country

City

Code

Slots/day

Philippines

Manila

MNL

2
2

Hanoi

HAN

1
1

1

TSN

1

LAX

DLC

Tianjin1

Los Angeles

Dalian

1

VIE

1

1

CPH

Vienna

3

SJC

IAH

Copenhagen

Austria

SFO

San Jose

HoustonDenmark

2

San Francisco

1

2

MUC

1

INC

PKX

Munich

2

PDX

Seoul
（Incheon ）

1
1

2
1

SEA

2

HEL

FRA

SeattlePortland

GMP

HelsinkiFrankfurt1

1FinlandGermany

KOA

DFW

Beijing(Daxing)

China

Kona

DTW

PEK

5

7

DallasBeijing（Capital）

CDG

1

Detroit

2

Paris

YYZ
HNL

12

1

FranceTorontoHonolulu

Slots/day

SVO

LHR

1

Code

VVO

LondonSlots/day

YVR

City

Moscow

UK

Code

Seoul
（Gimpo ）Vladivostok

4
1

City
Vancouver

9
1

Jinan

TNA

1

Vietnam

Da Nang City

DAD

Ho Chi Minh City

SGN

1
1
3
4

QingdaoTAO

1Thailand

Bangkok

BKK

Shanghai（Honggjao）

PVG

4

Malaysia

Kuala Lumpur

KUL

Shanghai（Pudong）

SHA

7

Singapore

Singapore

SIN

Guangzhou

CAN

Indonesia

Jakarta

CGK

India

Delhi

DEL

2

Country

City

Code

Slots/day

SydneySYD

4Melbourne

MEL

1

Brisbane

BNE

1

4
4

Shenzhen

SZX

1Hong Kong

HKG

4
1

Taipei（Songshan）

TSA

8

Taipei（Taoyuan）

TPE

2

Australia

2
5
3
2
1

2. Summary of Tokyo International Airport (Haneda)(5) International Rating of the Haneda Airport Passenger Terminal
In an international rating by SKYTRAX, Haneda Airport:
Ranked 1st in the “World’s Cleanest Airports” category for 5th consecutive year
Ranked 1st in the “World’s Best Domestic Airports” category for 8th consecutive year
Ranked 1st in the “World’s Best PRM/Accessible Facilities” category for 2nd consecutive year
Haneda Airport Passenger Terminals have taken out 1st place for the 5th consecutive year in theWorld's Cleanest Airport category of the 2020 World Airport Awards conducted by the UK company,
SKYTRAX, as well as 1st place for the 8th consecutive year in the World's Best Domestic Airport
category, and 1st place for the 2nd consecutive year in the PRM/Accessible Facilities category.

Haneda's cleanliness and comfort has been recognized as best in the world in 5 of the last 7 years
in the World's Cleanest Airport category.
For the last 8 years, Haneda has been recognized as the World's Best Domestic Airport due to theconvenience and comfort of its domestic facilities.
Because of the emphasis on initiatives designed to assist elderly passengers, those with disabilities
and other passengers who require assistance in moving about, Haneda Airport has taken out 1stplace for the 2nd year in a row in the World's Best PRM/Accessible Facilities category.
In the general World's Best Airports category, Haneda was awarded 2nd place for the 2nd year
running.
As a hub airport with a dynamic domestic and international route network, Haneda Airport plays
an important role in Japan's drive to become an advanced tourism nation. Although steps are inplace around the world to restrict movement because of the COVID-19 pandemic, our groupcompanies look forward to a rapid end to the prevailing situation and remain committed to thesafety of our customers and providing facilities and services that are second to none in convenience,
comfort and functionality.

51

Notes regarding projections
Items such as plans, targets, policies, strategies, decisions, financial forecasts,
future figures and monetary amounts in this presentation that is not historical
data are projections of the future. These are based on management’s
projections, assumptions, evaluations, judgments, and conditions on
information obtainable at the present time. Realizing these items entail
uncertainty and various risks.
This presentation material is not intended to solicit investments. We request
you to make own decision regarding investments.

Contact
Japan Airport Terminal Co., Ltd., Investor Relations Division
TEL: 03 (5757) 8409
FAX: 03 (5757) 8029
Email: ir@jat-co.com