April 1, 2019 to March 31, 2020 (FY19)

Earnings Presentation Material(June 10, 2020)* 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, 2019 to March 31, 2020 (FY19)
Earnings Presentation Material
1 ．Review of Consolidated Financial Results for FY19（１）Business Environment

P ２（２）Consolidated Financial Results

P（３）Consolidated Financial Results (Amount affected due to consolidation of TIAT)

P ４（４）Changes in Quarterly Financial Results

P ５（５）Status of Reflection of Haneda Internationalization Investment

P ６（６）Impact of COVID-19

P ７

３

2 ．Outlook for FY20
（１）Current Business Environment and Status of Passenger VolumeP（２）Main Initiatives for the Current Term

P ９（３）Impact of Changes in Passenger Volume on Financial Results

P １０

８

３．Progress under the Medium-Term Business Plan
（１）Progress of Business Strategies

P １１（２）Progress of the Guidelines

P １１

４．Medium- to Long-Term Direction（１）Forecasts for Passenger Demand

P １２（２）Review of the Operational Method for the Airport Terminal Business

P １３（３）Initiative Details

P １４

Contents
Supplementary Material

Reference Material

1. Details of Consolidated Financial Results for FY19

1. Outline of Japan Airport Terminal Group(1) Changes in Passenger Volume(Haneda, Narita, Kansai and Chubu Centrair)

P １６(1) The company’s position at Haneda Airport(comparison with other major airports in Japan)

P ３２(2) Consolidated Financial Results for FY19P １７(2) Business Details

P ３３(3) Financial Results by Segment(i) Facilities management

P １９(3) Basic Philosophy and Management Policy

P ３４(4) ESG Initiatives

P ３５(5) Company History

P ３６(6) Group Companies

P ３７(7) Revenue Composition/Details by Segment,
Composition of sales

P ３８(ii) Merchandise sales

P ２０(iii) Food and beverage

P ２１(4) Breakdown of Selling, General and
Administrative Expenses

P ２２(5) Changes in Non-Operating Income/Expenses
and Extraordinary Income/Loss

P ２３(8) Changes in Capital Investment

P ３９(6) Consolidated Balance Sheets

P ２４

P ４０

(7) Consolidated Statements of Cash Flows(9) Summary of Tokyo International Air
Terminal Corporation

P ２５[Reference] Purchasing Trends of Non-Japanese
Passengers by Nationality

P ２６

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

P ２９(2) Changes in Operating Revenues/Ordinary
Income/Cash FlowsP ３０

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

P ４１(2) Comparison of Passenger Volume

P ４２(3) Domestic Destinations and Flights

P ４３(4) International Destinations and Flights

P ４４(5) International Rating of the Haneda Airport
Passenger Terminal

P ４５

Earnings Presentation Material

April 1, 2019 to March 31, 2020 (FY19)

1. Review of Consolidated Financial Results for FY19

2. Outlook for FY20
3. Progress under the Medium-Term Business Plan
4. Medium- to Long-Term Direction

1. Review of Consolidated Financial Results for FY19
(1) Business Environment➢

Business
Environment➢➢

A record-high 31.88 million non-Japanese passengers visited Japan in CY2019. Japanese passengers
departing from Japan also increased

Passengers to Japan decreased and the economy deteriorated sharply after February due to the impactof the coronavirus pandemic (COVID-19)
In the exchange rate market, a strong yen and weak dollar and yuan continues

Haneda domestic flights increased in the first half of the year but weakened in the second half due partly
to the impact of natural disasters with a greater reduction in February and March due to the impact of
COVID-19➢ Haneda international flights increased compared with the previous year up to January despite a decline inflight passenger volume from Korea after August, with a greater reduction in February and March due tothe impact of COVID-19➢ The international passenger figure at Narita and other airports decreased significantly in the second half ofthe year due to a great fall in February and March➢

Number of
Passengers(YoY comparison)

The number of passengers (YoY comparison)
Airport

FY19 1H (%)

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.

FY19 2H (%)

FY19 (%)

No. of

Revisedpassengers

forecasts(10 thousands)(10 thousands)

Comparison with
forecasts (%)

Haneda – Domestic

0.4

-15.3

(

2.0 )

-7.5

6,246

6,833

-8.6

Haneda – International

3.1

-17.8

(

4.7 )

-7.4

1,682

1,886

-10.8

Total Haneda

1.0

-15.8

(

2.6 )

-7.5

7,928

8,720

-9.1

Narita

2.8

-13.3

(

4.4 )

-5.2

3,401

3,716

-8.5

Kansai

18.6

-23.4

(

9.2 )

-3.7

2,205

2,600

-15.2

Chubu Centrair

15.7

-12.5

( 13.6 )

1.6

619

699

-11.4

* Figures in parentheses are revised forecasts for the second half of the year
Japan Airport Terminal Co., Ltd.

02

1. Review of Consolidated Financial Results for FY19(2) Consolidated Financial Results○ Differences from previous fiscal year results➢ Sales growth in the facilities management business, reflecting an increase in rent revenue, income fromparking lots, subcontracted work revenues, etc. despite a decrease in facility user charges revenue due toa reduction in passenger volume➢ Sales decrease in the merchandise sales business from both domestic and international flight passengers,
reflecting the impact of COVID-19, in addition to temporary closure of stores for renovation, etc. and aslow-down in the trend of consumption by Chinese visitors to Japan➢ Operating income decreased due partly to a one-time cost incurred from the start of operation of
the Haneda international flight facilities

Main Factors
BehindChanges○ Differences from revised forecasts➢ Operating revenue and operating income decrease due to the impact of COVID-19

Consolidated financial results for FY19

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

1H

Items

FY19

FY18

135.2

137.4

(Facilities management)( 42.6)(Merchandise sales)

2H
FY19

FY18

-2.1

114.4

136.1

( 40.6)( 1.9)( 40.2)( 82.2)( 86.5)( -4.3)(Food and beverage)( 10.3)( 10.2)

Operating income

11.1

Ordinary income

-21.7

249.7

273.6

-23.8

275.7

-25.9

( 41.3)( -1.0)( 82.9)( 82.0)( 0.8)( 86.1)( -3.1)( 65.6)( 84.9)( -19.2)( 147.8)( 171.4)( -23.5)( 169.1)( -21.2)( 0.1)( 8.5)( 9.8)( -1.3)( 18.9)( 20.0)( -1.1)( 20.5)( -1.5)

12.9

-1.8

-1.2

9.5

-10.7

9.8

22.4

-12.5

16.7

-6.8

10.7

11.7

-1.0

-2.0

8.6

-10.6

8.7

20.3

-11.6

15.1

-6.3

5.9

28.2

-22.2

-0.9

4.8

-5.7

5.0

33.0

-27.9

8.3

-3.2

Annual dividend

¥22.0

¥23.0

¥10.0

¥22.0

¥32.0

¥45.0

¥42.0

Payout ratio

30.1%

27.1%

51.9%

31.2% *

41.1%

owners of parent*1 Financial forecast announced in November 2019Japan Airport Terminal Co., Ltd.

ChangeDifference

FY18

Net income attributable toChangeRevisedforecasts

FY19

Operating revenues

ChangeFull year*1

Capital expenditures

72.6

57.5 * The calculation excludes the amount that was

Depreciation expenses

27.8

24.6 after considering the deferred tax effect of the

EBITDA

37.6

47.1

03

recognized concerning the consolidation of TIAT

one-time extraordinary gain on negative goodwill.

1. Review of Consolidated Financial Results for FY19(3) Consolidated Financial Results(Amount affected due to consolidation of TIAT)
Consolidated financial results for FY19

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

Full year

Items

Revisedforecasts

FY19

Amount affected

FY18

Amount affected

due to TIAT

due to TIAT

consolidation

consolidation

ChangeAmount affected*1

Difference

due to TIAT
consolidation

249.7

24.2

273.6

31.9

-23.8

275.7

29.2

-25.9

(Facilities management)( 82.9)( 16.3)( 82.0)( 20.8)( 0.8)( 86.1)( 21.2)( -3.1)(Merchandise sales)( 147.8)( 7.7)( 171.4)( 10.8)( -23.5)( 169.1)( 7.8)( -21.2)(Food and beverage)( 18.9)( 0.1)( 20.0)( 0.1)( -1.1)( 20.5)( 0.2)( -1.5)

Operating income

9.8

4.9

22.4

9.3

-12.5

16.7

7.5

-6.8

Ordinary income

8.7

2.4

20.3

4.3

-11.6

15.1

4.9

-6.3

Net income attributable toowners of parent

5.0

0.7

33.0

21.3

-27.9

8.3

1.5

-3.2

Operating revenues*1 Financial forecast announced in November 2019Japan Airport Terminal Co., Ltd.

04

1. Review of Consolidated Financial Results for FY19(4) Changes in Quarterly Financial Results
Operating revenues

Operating income(Millions of yen)

(Millions of yen)

12,50080,00068,122

69,30069,93070,00060,000

6,398

6,562

66,26567,652

6,449

50,0005,886

67,617

68,181

10,000
7,500

5,270

4,608

46,304

3,070

5,000

40,0002,500

30,0000～FY2018～

20,000～FY2019～-2,500Operating income (right axis)
10,000Operating revenues (left axis)-5,000-5,872-7,500

0
2018

2018

2018

2018

2019

2019

2019

2019

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

(Major events during FY19)
2Q… Completion of T1 renovation
3Q… Start of operation of T3 extension; T2 north-side office space expansion;
cancellation of flights due to the effects of Typhoon No. 19
4Q… Start of operation of T2 international flight facility; impact of COVID-19
Japan Airport Terminal Co., Ltd.

05

1. Review of Consolidated Financial Results for FY19(5) Status of Reflection of Haneda Internationalization Investment〇 Investment amount95.0 billion yen〇 Effects(Plan 100 billion yen)

〇 Investment details:
T2 international flight facility expansion
T3 terminal extension
T2 satellite facility construction
T2 boarding station construction
T2 office space expansion

Support for an approx. 1.4 times increase
in international flight slots
Improved convenience, functionality, andcomfortIncrease in area to be leased〇 Impact on financial results for FY19
One-time cost
2.9 billion yen
Depreciation expenses 2.5 billion yen〇 Impact on financial results for FY20
Depreciation expenses 9.3 billion yen

Completed in May 2018

Domestic flight area

Terminal 2 north-side boarding station
Completed in March 2020

Completed in December 2018

Terminal 2 international flight facility

Terminal 2 satellite facility

Completed in October 2019

Terminal 2 office space expansion

Completed in December 2019

Terminal 3 extension

International flight area

Terminal 3(former international
flight terminal)

Japan Airport Terminal Co., Ltd.

06

1. Review of Consolidated Financial Results for FY19(6) Impact of COVID-19〇 Changes in passenger volume (YoY comparison %)AirportChanges in months of 4Q

FY19 (Results)
１Q

２Q

３Q

〇 Impact of COVID-19 on
financial results

４Q

January

February

March

0.2

0.6

-5.0

-26.2

-3.0

-8.5

-60.6

4.5

1.7

2.1

-37.7

0.1

-27.1

-80.5

Total Haneda

1.1

0.8

-3.5

-28.7

-2.4

-12.5

-64.8

Narita

3.9

1.8

3.7

-29.8

7.2

-18.9

-73.4

Kansai

11.3

27.3

0.6

-46.1

2.2

-45.9

-89.3

Chubu Centrair

20.2

11.7

14.7

-37.6

20.4

-34.4

-89.0

Haneda – Domestic
Haneda –International

Negative effect on operating
revenues:
Approx. 21 billion yen
Negative effect on operating
income:Approx. 7 billion yen
Factors of negative effects:
・Decline in facility user charges
revenue,・Decline in merchandise sales,etc.

〇 Circumstances
Developments in the society
January- Jan. 14 The first infected person in Japan confirmed- Jan. 31 WHO declares a global health emergency

February- Feb. 25 The Japanese government announces its basic policy on
measures; the cancellation of large events encouraged;
elementary, junior high, and high schools requested to close

March- Mar. 11 WHO declares a pandemic- Mar. 31 The 2020 Tokyo Olympics and Paralympics postponed- Apr. 7

April

Japan Airport Terminal Co., Ltd.

The Japanese government declares a state of emergency(The scope of the state of emergency expanded to the whole ofJapan on Apr. 16; the state of emergency lifted on May 25)

Developments at Haneda Airport- Jan. 29 A government-chartered plane from Wuhan arrives at Haneda
Airport(Thereafter, the transportation of people was repeated fivetimes until Feb. 17)- Feb. 4

Cancellation of flights to China at Haneda international terminal
starts- Mar. 6 Cancellation of Haneda domestic flights starts- Mar. 9 All Haneda international flights to China and Korea cancelled- Apr. 11 T2 international flight facility closed- Apr. 17 Some T1 north and T2 south facilities closed07

2. Outlook for FY20
(1) Current Business Environment and Status of Passenger Volume
The government declared a state of emergency on April 7 and lifted it on May 25
However, the government is continuing to encourage people to refrain from traveling from
Tokyo to other prefectures even after May 26➢ Cancellation of domestic passenger flights continues even during June
➢ As for international flights, cancellation of passenger flight operations continuing to be
encouraged; the timing of resumption yet to be determined➢➢

Business
Environment

Some merchandise stores and restaurants inside the Haneda Airport terminals resumed
operations after May 26➢ Measures to stimulate domestic tourism demand are being considered by the Japan Tourism
Agency (“Go To Campaign”)➢

Change in

Airportpassenger volume
(％)

March

April
Haneda –Domestic
Haneda –International

Total Haneda-90.5

Haneda –Domestic

-98.2
-92.3
-97.7

Kansai-99.7

Chubu Centrair-100.0Japan Airport Terminal Co., Ltd.

Ave. 10%
Started on Mar. 6
20% toward the end of themonth

Haneda –International

NaritaStatus of cancelled flights

Airport

April

May

Ave. 50%
25% at the beginning of themonth
75% toward the end of theAve. 80%
Throughout the monthJune
70% or more
Until the middle of the
month

month

Ave. 60%

Ave. over 90%

35% at the beginning of the

90% at the beginning of the

90% or more

Same level as

month

month

1 to 7 flight operations per

85% toward the end of the

95% toward the end of the

day

May

month

month

・It is expected that passenger volume at Haneda Airport will gradually
recover in the second quarter of the year onwards but will not recover tothe level in the previous year.

08

2. Outlook for FY20(2) Main Initiatives for the Current Term
Focusing on the maintenance and management services for terminal buildings whilesuspending nonessential facility investments➢ Promotion of support for “FAST TRAVEL” and “One ID”➢ Re-arrangement of stores that have been closed due to the impact of the Terminal 2internationalization construction➢ Continuing non-airport business (Kumamoto International Airport, Palau International Airport,
Zone 1, etc.)➢

Business
Operation

Requesting that resident tenants close down during the state of emergency; providing airline
companies and resident tenants with rent reductions or exemptions (Apr-Jun); thecontinuation of the measures is under consideration➢ Various actions in accordance with the guidelines for preventing the spread of COVID-19 in
the aviation field➢ Limiting operational zones in terminals, etc. (Example: closing the T2 international flightfacility)➢

Prevention of
Spread ofInfectious
DiseaseAlready concluded a commitment line agreement for 9 billion yen
Set a short-term line of credit for 20 billion yen with banks in April➢ Preparing for financing a long-term loan in anticipation of the prolonged impact of sales
decrease

Initiatives for
Business
Continuality➢

Initiatives for
Cost Reduction➢

Japan Airport Terminal Co., Ltd.

➢

Reduction of fixed expenses (directors’ remuneration, employees’ bonuses, etc.)
Reduction of outsourcing cost and turning to insourcing➢ Utilization of the government’s measures (applying for an employment adjustment subsidy)➢09

2. Outlook for FY20(3) Impact of Changes in Passenger Volume on Financial Results
Items

Impact on operating revenues

Impact on operating expenses

Facilities management
Reduction of revenue as a result of rent reductions or exemptions
Rent revenue

provided to airline companies, and merchandise stores andHigh fixed rate of depreciation expenses and rent

restaurants
Facility user charges

Reduction of revenue from passenger service facility charge

revenue(PSFC)

Other revenues

Reduction of income from parking lots, sales from paid airport
lounges, and income from hotel businessHigh fixed rate of depreciation expenses and rentHigh fixed rate of depreciation expenses and rent

Merchandise sales
Sales at domestic terminal

Reduction of merchandise sales due to a fall in domestic flight

storespassenger volume

Sales at international

Reduction of merchandise sales due to a fall in international flightterminal stores

passenger volume

Other sales

Reduction of wholesale sales due to a fall in passenger volume at
Narita, Kansai, Chubu Centrair and other airports

High volatility rate. Low inventory risk

High volatility rate, though some merchandise has inventory risk

High volatility rate, though some merchandise has inventory risk

Food and beverage
Sales from restaurants

Sales from in-flight meals

Japan Airport Terminal Co., Ltd.

Reduction of restaurant sales due to a fall in Haneda Airport

High volatility rate, though there is a risk of loss due to discarding

passenger volumeunsellable food

Reduction of sales due to a fall in passenger volume at clientHigh volatility rate, though there is a risk of loss due to discarding

airline companies

unsellable food10

3. Progress under the Medium-Term Business Plan
(1) Progress of Business Strategies“To Be a World Best Airport 2020”“Create business and earnings opportunities in pursuit of our‘Vision’ for Haneda Airport and redevelop earnings base bystaking out a competitive position”

Three Core Strategies
Expand Business Domains that Leverage
Strengths and Diversify Earnings• Promotion of Urban Duty-Free Stores*• Participation in the operations of Kumamoto
Airport, Palau Airport, etc.
• Promotion of business in Zone 1 at former
Haneda site

Pursue our ‘Vision’ for Haneda Airport• Completion of Haneda internationalization
construction• Promotion of FAST TRAVEL• Earning of SKYTRAX's 5 Star Airports
rating for a sixth consecutive year

(2) Progress of the Guidelines
Indicator type

Indicator

Comprehensive ROA (EBITDA)
Profitability

Stability

Operating income ratio

Equity ratio

Operating income

Japan Airport Terminal Co., Ltd.

FY20

FY19

(targets)(Results)

12%

7.5%

ー

8%

4.0%

ー

Aim for stable levels

31.2%

ー

9.8 billion yenー

as soon as possible

Over 25 billion yen

11

FY20

Redevelop Earnings Base and Establish
Competitive Position• Promotion of borderless EC business• Opening of THE HANEDA HOUSE• Launch of construction of new recyclingbuilding* Urban duty-free stores
Operating revenues for FY19
6.6 billion yen
Operating income ‐0.0 billion yen,Stores closed from Apr. 1 to Jun. 14,2020 to prevent the spread of infection

The business environment
has changed due to theimpact of COVID-19, which
led to a change in the initial
preconditions.

4. Medium- to Long-Term Direction(1) Forecasts for Passenger Demand1) Forecasts by International Air Transport Association (IATA)(Released on IATA website on May 13, 2020)

IATA forecasts
passenger demand will return to
the 2019 level by:
2022 for domestic flights, and2024 for international flights.
* However, according to its forecasts
in 2017, it expected that airtransport demand in the Asia Pacificregion would double in the next 20
years.

2) Forecasts for Haneda Airport
・When it is taken into account that Haneda Airport is the main airport in the Tokyo metropolitan area inJapan and the schedule of flight departures and arrivals has always been full, it is expected thatpassenger demand will recover before 2024.
・ The schedule of international flight departures and arrivals has been expanded by 50 flights per day,and as of February 2020, it was planned to transfer 23 flights from Narita Airport, as well as tolaunching new flights and adding some flights at Haneda Airport.
・ As the government has included stimulation of domestic tourism demand and large-scale promotion
overseas in the FY2020 Supplementary Budget as an emergency economic stimulus package initiative
to deal with COVID-19, the development of measures to drive the recovery of air passenger demandis expected.
Japan Airport Terminal Co., Ltd.

12

4. Medium- to Long-Term Direction(2) Review of the Operational Method for the Airport Terminal Business・A more than 90% fall in international and domestic terminal users lasting forover several months is a situation that has never been experienced.
⇒ In the transition to the new normal after the COVID-19 situation has been
resolved:
・ Traveling by people will decrease as a result of the spread ofteleworking
・ The practice of social distancing and the support of noncontact
practices will be required

・Recognizing the need to review the way the airport terminal business should
be conducted with an out-of-the-box mindset
・Establish a system for sustainable business continuity in all kinds of difficult
circumstances
・Advance the consideration of the guidelines (goal indicators) in the current
Medium-Term Business Plan as a part of reviewing new ways to conduct the
airport terminal businessJapan Airport Terminal Co., Ltd.

13

4. Medium- to Long-Term Direction(3) Initiative Details
Review of the Business Continuity Plan
• Develop a BCP including financial and human resources operations under the new normal• Create a mechanism that enables the business to continue even in conditions where
passenger volume has fallen significantly

Efficient utilization of personnel

Utilization of robots• Consider re-assignment of personnel according
to passenger trends• Establish a work style using teleworking• Increase efficiency of personnel by introducing
disinfection robots, remote guidance robots, etc.
• Strengthen the distributor services to otherairports

Establishment of absolute safety• Expand the scope of investment to include
biosecurity and cybersecurity measures, in addition
to crime prevention and disaster prevention
measuresResponse by capturing changes in thecustomer needs

Strengthening of e-commerce, etc.
• Expand the market to include users outside
airports via on-line• Review the store operations plan; utilize cashless
payments• Create new business opportunities by utilizing
Haneda Airport as the field while appropriately
responding to customer needs

Strengthening of digital marketing
Japan Airport Terminal Co., Ltd.

14

Earnings Explanatory Meeting
April 1, 2019 to March 31, 2020 (FY19)

Supplementary Material
1. Details of Consolidated Financial Results for FY19
2. 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 FY19(1) Changes in Passenger Volume (Haneda, Narita, Kansai and Chubu Centrair)(Thousand passengers)(Thousand passengers)
70,000

Haneda Airport – domestic flights

68,000

20 ,000

Haneda Airport – international flights

67,52866,41266,00018,164

17,120

18 ,000(-7.4％ ）16,823

15,642

62,463
16 ,000

64,00013,43464,24262,000

14 ,000

62,553(-7.5％ ）60,000

12 ,000

58,000FY19 results －7.5%

56,000(Compared to Oct. 2019revised forecast －8.6%)

FY19 results －7.4%
10 ,000

54,000(Compared to Oct. 2019 revised forecast －10.8%)

8, 000

1H results ＋ up
3.1％
2H results － down 17.8％

52,000

1H results ＋ up
0.4％
2H results － down 15.3％

50,0006, 000FY

48,000
2014

2015

2016

2017

2018

20 14

20 15

Narita Airport – international flights

30,000(-5.2％ ）25,00034,01833,479

20 18

20 19

Kansai Airport – international flights

1H results ＋ up 18.6％
2H results － down 23.4％(Compared to Oct. 2019 revised forecast －8.5%)

28,000

4,900

2015

2016

2017

2018

5,234

5,564

6,100

5,000
1H results ＋ up 15.7％
2H results － down 12.5％
FY26,000FY19 results +1.6%(Compared to Oct. 2019 revised forecast －11.4%)

10,000

1H results ＋ up
2.8％
2H results － down 13.3％

0

2019

2014

16

22,059Chubu Centrair Airport– international flights

15,000FY19 results －5.2%
30,000(-3.7％ ）22,896

17,27532,41031,055

21,905

19,151

20,00034,000

2014

20 17

FY19 results －3.7%(Compared to Oct. 2019 revised forecast －15.2%)

35,87036,00032,00020 16(Thousand passengers)(Thousand passengers)

38,000FY

4, 000

2019

2015

2016

2017

2018

6,197
（＋1.6％ ）FY

2019

Passenger volume;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.

1. Details of Consolidated Financial Results for FY19(2) Consolidated Financial Results for FY19
Consolidated financial results for the year (1H / 2H / full-year)
Items

1st Half

2nd Half

FY19

FY18

ChangeMillions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen％

Millions of yen％

Millions of yen

135,270

137,423-2,153

114,485

136,195-21,709249,756

100.0

273,618

100.0-23,862

Facilities management

42,64540,661

1,984

40,296

41,389-1,092

82,942

33.2

82,05030.0891

Merchandise sales

82,23486,560-4,32565,65884,912-19,253

147,89359.2

171,472

62.7-23,579

Food and beverage

10,38910,201

188

8,530

9,893

-1,36318,9207.6

20,095

7.3-1,174

63,222

66,729-3,50751,40365,400-13,996

114,62545.9

132,12948.3-17,503

57,68961,112-3,423

46,59960,082-13,483

104,28841.8

121,195

44.3-16,906

70.6％)( -0.4P)

70.8％)( 0.2P)

5,616

-83

5,317

-513

Operating revenues

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

70.2％)(

5,532

Cost of sales of food and beverage(

53.3％)

(

FY19

(

FY18

Full Year

71.0％)(

4,803
56.3％)(

ChangeFY19(

70.5％)

10,336
(

Ratio

FY18

(

70.7％)

4.1

10,934

54.6％)(

Ratio

Change( -0.2P)

4.0

-597

55.1％)( -1.8P)(

53.7％)( 2.6P)

72,04870,694

1,354

63,08270,795-7,712

135,13054.1

141,489

54.4％)

51.7-6,358( 0.2P)

60,891

57,732

3,159

64,346

61,275

3,071

125,23850.1

119,007

43.5

6,230

11,156

12,961-1,805-1,263

9,520-10,783

9,892

4.0

22,481

8.2-12,589-427-1,200

772

-758

-902

143

-1,186-0.5-2,102-0.8

916

10,728

11,761-1,032-2,022

8,617-10,640

8,705

3.5

20,3797.4-11,673

137

23,162-23,024

-234

-513

279

-96

0.0

22,648

8.3-22,744

5,945

28,202-22,256

-933

4,801

-5,7345,012

2.0

33,00412.1-27,991* 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.

17

1. Details of Consolidated Financial Results for FY19

Consolidated financial results for the year (FY19 / FY18 for comparison / Revised forecast for comparison)
FY19 (Results)
Items
Ratio
Millions of yen

Operating revenues

FY18 (Results)

Amount affected due

Amount affected due toRatio

to TIAT consolidation
Millions of yen

Millions of yen

ChangeRevised forecast（※１）

Rate of
ChangeRatio

TIAT consolidation
Millions of yen Millions of yen％

Millions of yen

Amount affected due toDifference

TIAT consolidation
Millions of yen Millions of yen

249,756

100.0

24,279273,618100.0

31,902-23,862-8.7

275,700

100.0

29,200

Facilities management

82,94233.2

16,372

82,05030.0

20,877891

1.1

86,10031.2

21,200-3,157

Merchandise sales

147,893

59.2

7,723

171,472

62.7

10,832-23,579-13.8

169,100

61.3

7,800

-21,206

183

191

200

Food and beverage
Cost of sales
Cost of sales of merchandise(Ratio)18,9207.6

20,095

7.3-1,174-5.8

20,5007.5

114,62545.9

132,12948.3-17,503-13.2

129,800

47.1-15,174

104,28841.8

121,195

44.3-16,906-13.9

118,500

43.0-14,211(Gross profit
Selling, general andadministrative expenses

70.5％)

10,336

Cost of sales of food and beverage(Ratio)((54.6％)

(

-597

4.0

54.4％)(

11,300-5.5( 0.2P)

70.1％)(( 0.4P)-963

4.1

55.1％)( -0.5P)

54.1

141,48951.7-6,358-4.5

145,900

52.9-10,769

125,23850.1

119,007

43.5

6,230

5.2

129,200

46.8-3,961-12,589-56.0

16,700

6.1

916

-43.6

-1,600-0.6-11,673-57.3

15,1005.5-22,744

0.0

-400

-0.1

-27,991

-84.8

8,300

3.0

9,892

4.0

-1,186-0.5

Ordinary income

8,705

3.5

-96

0.0

5,012

2.0

owners of parent( -0.2P)-1,579135,130

Non-operating income/loss

Net income attributable to70.7％)

10,934

4.1

Operating invome

Extraordinary income/loss-25,943

4,992
2,402

730

22,481

8.2-2,102-0.8

20,3797.4

22,6488.3

33,004

12.1

9,388
4,300

21,3427,500-6,8074,900-6,394

413
303
1,500

-3,287*1 Financial forecast announced in November 2019*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.

18

1. Details of Consolidated Financial Results for FY19(3) Financial Results by Segment(i) Facilities management
FY19 (Results)
Items
Ratio

FY18 (Results)

Amount affected due

Ratio

to TIAT consolidation

Amount affected due

ChangeRevised forecast (Nov. 2019)

Rate of
ChangeRatio

to TIAT consolidation

Amount affected due

Difference

to TIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen％

Millions of yen

Millions of yen

Rent revenues

18,259

20.6

3,970

17,454

19.9

3,933

805

4.6

18,700

20.4

4,200

-440

Facility user charges revenues

41,01946.3

22,611

43,50549.7

24,430-2,486-5.7

44,70048.8

25,300-3,680

Other revenues

23,662

26.7-10,209

21,09024.1-7,485

2,572

12.2

22,70024.8-8,300962

Subtotal

82,942

93.6

16,372

82,05093.7

20,877891

1.1

86,10094.0

21,200-3,157

5,697

6.4

4,021

5,533

6.3

3,742

164

3.0

5,500

6.0

3,800

197

88,640100.0

20,39387,584100.0

24,6201,056

1.2

91,600100.0

25,000-2,959Operating expenses

81,70792.2

15,142

73,245

83.6

16,067

8,462

11.6

81,50089.0

17,500207

Operating income

6,932

7.8

5,251

14,339

16.4

8,552

-7,406-51.7

10,100

11.0

7,500

-3,167-( -8.6P)-( -3.2P)

Sales to external customers

Intersegment sales
Total(Ratio)(7.8％)

・Rent revenues:
・Facility user charges revenues:
・Other revenues:-(

16.4％)(

11.0％)

Increase in space leased to airline companies, etc. in domestic terminal
Increase in space leased to airline companies, etc. in international terminal
Decrease in fees for use of passenger facilities for international flights
Decrease in fees for use of passenger facilities for domestic flights
Increase in revenues from parking fees, paid airport lounges , advertising fees, etc.
for domestic terminal
Increase in subcontracted work revenues, etc.
Increase in commissioned security management revenues＋ 0.6 billion＋ 0.1 billion－ 1.7 billion－ 0.7 billion＋ 0.4 billion＋ 1.6 billion＋ 0.3 billion

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

19

1. Details of Consolidated Financial Results for FY19(3) Financial Results by Segment(ii) Merchandise sales
FY19 (Results)
Items
Ratio

FY18 (Results)

Amount affected due

Ratio

to TIAT consolidation

Amount affected due

ChangeRate of

Revised forecast (Nov. 2019)

ChangeRatio

to TIAT consolidation

Amount affected due

Difference

to TIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen％

Millions of yen

Millions of yen

Domestic terminal stores

33,14822.2-

36,212

20.9--3,063-8.5

35,70021.0--2,551

International terminal stores

84,42056.6

53,171

98,51557.0

59,316-14,094-14.3

98,70058.062,200-14,279

Other sales

30,323

20.3-45,447

36,745

21.2-48,484-6,421-17.5

34,70020.4-54,400-4,376

147,893

99.1

7,723

171,472

99.1

10,832-23,579-13.8

169,100

99.4

7,800

-21,206

1,378

0.9

539

1,523

0.9

607

-144

-9.5

1,100

0.6

100

278

149,272

100.0

8,263

172,996

100.0

11,440-23,724-13.7

170,200

100.0

7,900

-20,927

Operating expenses

138,448

92.7

6,472

157,235

90.9

8,377

-18,787-11.9

154,600

90.8

5,400

-16,151

Operating income

10,8237.3

1,790

15,7609.1

3,062-4,936-31.3

15,6009.2

2,500-4,776-( 9.1％)-( -1.8P)-( -1.9P)

Sales to external customers

SubtotalIntersegment sales
Total(Ratio)(7.3％)

・Domestic terminal stores:
・International terminal stores:

・Other sales:( 9.2％)

Decrease in sales of directly managed stores at Haneda domestic terminal
Decrease in sales of directly managed stores 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 Narita Airport
Decrease in wholesale sales to other regional airports－ 3.0 billion－ 6.3 billion－ 4.6 billion－ 3.0 billion－ 2.4 billion－ 3.8 billion

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

20

1. Details of Consolidated Financial Results for FY19(3) Financial Results by Segment(iii) Food and beverage
FY19 (Results)
Items
Ratio

FY18 (Results)

Amount affected due

Ratio

to TIAT consolidation

Amount affected due

Rate of

ChangeRevised forecast (Nov. 2019)

ChangeRatio

to TIAT consolidation

Amount affected due

Difference

to TIAT consolidation

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen

Millions of yen％

Millions of yen％

Millions of yen

Millions of yen

Sales from restaurants

11,514

53.4

2,915

12,514

55.4

2,977

-1,000-8.0

12,700

55.4

3,100

-1,185

Sales from in-flight meals

6,543

30.4

-

6,764

29.9

-

-221

-3.3

7,000

30.6

-

-456

863

4.0

-2,731816

3.6-2,786

47

5.8

800

3.5

-2,90063

18,92087.8

183

20,09588.9

191-1,174-5.8

20,50089.5

200-1,579

2,641

12.2

0

2,518

11.1

0

122

4.9

2,400

10.5

-

241

21,561 100.0

183

22,613100.0

192-1,052-4.7

22,900100.0

200-1,338

21,11097.9

22821,733

96.1

224

-623

-2.9

22,20096.9

300-1,089

451

2.1

-44

880

3.9

-32

-428

-48.7

700

3.1

-100

-248

-

( 3.9％)-( -1.8P)-( -1.0P)

Sales to external customers

Other sales
SubtotalIntersegment sales
Total
Operating expenses
Operating income(Ratio)(2.1％)

・Sales from restaurants:
・Sales from in-flight meals:( 3.1％)

Decrease from closure of some domestic terminal restaurants
Decrease in sales from decreased passenger volume of client airline, etc.

－ 0.7 billion－ 0.2 billion

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

21

1. Details of Consolidated Financial Results for FY19(4) Breakdown of Selling, General and Administrative Expenses

Items

FY19

FY18

(Results)(Results)
Ratio

Rate of

ChangechangeRatio

Millions of yen％

Millions of yen％

Millions of yen％

Operating revenues

249,756

100.0

273,618

100.0-23,862-8.7

Selling, general and administrative

125,23850.1

119,007

43.5

6,230

5.2

12,816

5.1

12,072

4.4

743

6.2

Provision for employees' bonuses

1,628

0.7

1,620

0.6

7

0.5

Provision for directors' bonuses

186

0.1

269

0.1

-82

-30.8

Expenses for retirement benefits

904

0.4

955

0.4

-51

-5.4

Rent expenses

16,297

6.5

16,974

6.2

-676

-4.0

Business consignment expenses

27,57611.0

30,33311.1-2,756-9.1

Depreciation expenses

27,807

11.1

24,634

9.0

3,173

12.9

Other costs and expenses

38,021

15.2

32,147

11.7

5,873

18.3

expenses

Salaries and wages

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

22

1. Details of Consolidated Financial Results for FY19(5) Changes in Non-Operating Income/Expenses and Extraordinary Income/Loss
Items

FY19

FY18

(Results)(Results)
Ratio

ChangeRate of Change

Ratio

Millions of yen％

Millions of yen％

Millions of yen％

249,756

100.0

273,618

100.0-23,862-8.7

Operating income

9,892

4.0

22,481

8.2-12,589-56.0

Non-operationg income

2,488

1.0

1,775

0.6

713

40.2

390

0.2

357

0.1

32

9.1

462

0.2

297

0.1

165

55.5

1,635

0.6

1,119

0.4

515

46.0

Non-operationg expenses

3,675

1.5

3,877

1.4

-202

-5.2

Interest expenses

2,901

1.2

3,102

1.1

-201

-6.5

773

0.3

774

0.3

-1

-0.1

Ordinary income/loss

8,705

3.5

20,3797.4-11,673-57.3

Extraordinary income

376

0.2

25,9609.5-25,583-98.5

Extraordinary loss

473

0.2

3,311

1.2

-2,838

-85.7

2,620

1.0

7,360

2.7

-4,740

-64.4

5,012

2.0

33,00412.1-27,991-84.8

Operating revenues

Interest income anddividend
Return on investment by
the equity method

OthersMiscellaneous expenses

Income taxes
Net income attributable toowner's of parent

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

23

1. Details of Consolidated Financial Results for FY19(6) Consolidated Balance Sheets(Millions of yen)Accounts payable－ 6.5 billion
Short-term borrowings＋ 0.9 billion
Current portion of bonds withstock acquisition rights －15.0 billion
Others
＋17.0 billion

Cash and deposit － 15.5 billion
Account receivables － 9.0 billion
Merchandise＋ 2.4 billion
Others＋12.4 billion

114,248

Current
assets－9,568

Tangible fixed assets (depreciable assets)
Buildings, etc.
＋116.6 billion
Accumulated depreciation － 22.3 billion
Construction in progress－ 52.7 billion
Land
Intangible fixed assets

67,89464,327Bonds＋39.8 billion
Long-term loans payable － 0.3 billion
Lease obligations＋ 1.9 billion
Deferred tax liabilities－ 0.8 billion
Others－ 0.8 billion

123,817＋ 1.5 billion－ 0.8 billion

Investments and other assets
Investment securities＋ 3.2 billion
Deferred tax assets＋ 1.7 billion
Net defined benefit assets － 0.9 billion

Current
liabilities－3,566215,370

Fixedliabilities＋39,766

255,136

Fixed
assets＋46,277
Retained earnings
Accumulated othercomprehensive income
Non-controlling interest

407,114360,837＋ 1.4 billion－ 2.2 billion＋ 1.3 billion

Equity ratio
201,899

201,390

Total assets 521,363
FY19

Net
assets+509

Total assets 484,654
FY18

FY18

FY201931.2％

FY201833.7％（ － 2.5Ｐ）

FY19
Note: Figures shown are rounded down to the nearest million yen.

24

1. Details of Consolidated Financial Results for FY19(7) Consolidated Statements of Cash Flows
Items

FY19

FY18

(Results)(Results)

ChangeMillions of yen

Millions of yen

Millions of yen

20,222

34,288-14,066

8,609

43,027-34,418

27,901

24,737

3,163

Gain on negative goodwill--20,126

20,126

Offsetting gains of assets and liabilities--5,626

5,626

Cash flows from operating activites
Income before income taxes and minority interests

Depreciation and amortization

-

2,725

-2,725

Other current assets-12,080-2,378-9,701Other current liabilities

3,394

2,681

713

Other fixed liabilities

181

-56

238

Others-405-2,038

1,632

Income and other taxes paid

-7,378-8,657

1,278

Cash flows from investing activites-57,334-8,489-48,844

Purchase of tangible fixed assets-49,895-53,459

3,564

Purchase of intangible fixed assets-1,781-565-1,215Purchase of investment securities-5,536-792-4,743-

46,211-46,211

-121

116

-238

21,644

19,152

2,491

-

300

-300
-22,095

Loss on step acquisitions

Proceeds from purchase of investments in
subsidiaries resulting in change in scope of
consolidation

OthersCash flows from financing activites
Short-term borrowings

789

22,885

Proceeds from issuance of bonds

39,789-39,789

Redemption of convertible bonds-15,000--15,000

Dividends payment-3,574-3,817

243

-360

-214

-145

Long-term loans payable

Others
Effect of exchange rate change on cash and cash equivalents

-9

-8

-1

Increase (decrease) in cash and cash equivalents-15,477

44,943-60,421

Cash and cash equivalents at beginning of period

87,27342,32944,943

Cash and cash equivalents at end of period

71,79587,273-15,477
Note: Figures shown are rounded down to the nearest million yen.

25

1. Details of Consolidated Financial Results for FY19
[Reference] Purchasing Trends of Non-Japanese Passengers by Nationality (1)(1) The number of departing non-Japanese visitors by airport (monthly average)Japan

HanedaNaritaKansaiOther

No. of passenger

Composition

No. of passenger

Composition

No. of passenger

Composition

No. of passenger

Composition

No. of passenger

Composition

volume (person)

ratio (％)

volume (person)

ratio (％)

volume (person)

ratio (％)

volume (person)

ratio (％)

volume (person)

ratio (％)

FY18

2,536,970

100.0

341,050

13.4

728,41328.7

642,66925.3

824,838

32.5

FY19

2,290,833

100.0

320,120

14.0

689,60930.1

616,475

26.9

664,62829.0

Notes: Passenger data has been aggregated by the company using immigration statistics from the Ministry of Justice.
FY18: Average for April 2018 to March 2019, FY19: Average for April 2019 to March 2020

(2) The number of departing non-Japanese visitors by airport and nationality (monthly average)○ Volume ranking and change in departing passengers by nationality for FY19
≪ Haneda Airport ≫≪ Narita Airport ≫No. of passenger

Composition

volume (person)

ratio (％)

China (incl. Hong Kong)

98,71930.8%

South Korea

32,842

10.3%

U.S.A.

33,569

10.5%

Taiwan23,747

7.4%

No. of passenger

Composition

volume (person)

ratio (％)

Change (%)

No. of passenger

Composition

volume (person)

ratio (％)

-9.6% China (incl. Hong Kong)≪ Kansai Airport ≫Change (%)

No. of passenger

Composition

volume (person)

ratio (％)

194,65628.2%

294,891

47.8%

15.1%

84,97612.3%-15.8% South Korea

90,46014.7%-47.5%

0.7% South Korea

71,453

10.4%-21.5% Taiwan

83,745

13.6%

-3.7%

-9.8% U.S.A.

63,3999.2%-8.6% Thailand

23,454

3.8%

No. of passenger

Composition

No. of passenger

Composition

volume (person)

ratio (％)

volume (person)

ratio (％)

-24.2% Taiwan

Change (%)-4.8% China (incl. Hong Kong)

Change (%)

Non-Japanese

320,120

46.6%-6.1% Non-Japanese

689,609

55.1%-5.3% Non-Japanese

616,475

Japanese

367,500

53.4%-9.2% Japanese

561,04344.9%-5.9% Japanese

Total

687,620100.0%

1,250,652

100.0%-5.6% Total-7.8% Total○ Number of departing non-Japanese passengers
140
120

100
80

South Korea（＋0.1%)South-East Asia(＋7.1％)

Others(－4.2%)

60(－3.9%)（－10.9%)（－5.1%) 40（＋3.7%)
0

0
FY17

1H

2H
FY18

1H

2H
FY19

(＋14.2%)

80

20
2H

（＋2.2%)

120（－18.5%)

67.5%

-4.1%

296,590

32.5%

-1.0%

913,065

100.0%

-3.1%

400

200

40

6.8%
Change (%)

Figures in ( ) denote percent change compared to FY18 (Y on Y comparison)

160

Europe/U.S.A.

1H(No. of travelers: thousands)

240

China (incl. Hong Kong)
TaiwanChange (%)（－20.4%)（＋5.6%)
1H

2H

1H

FY17

2H
FY18

1H

2H
FY19

350
300

（＋25.6%)250
200（－36.5%)

150

50

0
1H

2H
FY17

Notes: Passenger data has been aggregated by the company using immigration statistics from the Ministry of Justice. Transit passengers are not included in passenger number.

26（＋2.7％)(＋10.5%)(＋26.7%)（＋18.4%)
2H

100

1H

2H
FY18

1H
FY19

1. Details of Consolidated Financial Results for FY19
[Reference] Purchasing Trends of Non-Japanese Passengers by Nationality (2)(3) Company duty-free store sales and number of departing passengers by airport and nationality (monthly average)

Haneda (Net sales: millions of yen)

Narita (No. of travelers: thousands)
Figures in ( ) are percent change

Others 5,500

1,500

420

Taiwan

1,350

5,000

S. Korea

Japan 4,500
China

404

400

729
161

4,000

1,521

3,000

1,200

708

288

3,500

Japanesetravelers(Change)

2,500
2,000

145

187

728

176

750

41
46

1,050

380

226

1,493

367（－9.2%）（－1.9%）

360

900

700

Foreigntravelers(Change)

340

450

2,248

500

Foreigntravelers(Change)

1,899

300

320

（－15.5%）320（－6.1%）

-

300

FY18

689（－5.3%）

26
25

650

183
（－18.9%）

600

341

163

750

1,500
1,000

800

595

600

865

150

Japanesetravelers(Change)588（－32.0%）561（－5.9%）
550

-

FY19

500

FY18

FY19

Notes: “Net sales” denote all store sales (excluding taxable stores). Haneda: all duty-free stores; Narita: directly managed stores and boutiques. Sales by nationality include estimates.

(4) Main factors in the fluctuation of sales of duty-free shops and purchasing trends«Both Haneda and Narita»➢ Annual operating revenues decreased significantly as a result of a fall in the purchasing passenger volume after
February due to the impact of the novel coronavirus infection (COVID-19).
➢ Per-unit purchases decreased after February, although they grew steadily until then.
«Haneda»➢ Although the operating revenue from Chinese passengers was trending weakly in terms of both purchasing
passenger volume and per-unit purchases until the third quarter of the year, overall operating revenues increased
due to a growth in the Japanese purchasing passenger volume and per-unit purchases.
➢ The operating revenue from Korean passengers decreased by approximately 35%, which has less impact because
its ratio to total operating revenues is low.
«Narita»➢ Partly as a consequence of the temporary closure of stores due to renovation, operating revenues decreased
significantly due to the impact of a fall in the purchasing passenger volume, though per-unit purchases increased
moderately.

27<Duty-free Store Per-unit Purchasing>(Rounded down to the nearest hundred yen)

FY19
Amount per
customer

Y on Y comparison
Rate of

ChangechangeHaneda

8,900

0

0.0%

Narita12,9000

0.0%

1. Details of Consolidated Financial Results for FY19
[Reference] Purchasing Trends of Non-Japanese Passengers by Nationality (3)(5) Changes in per-unit purchases and operating revenues from merchandise sales to Chinese passengers by airport（per-unit：yen）（sales：millions of yen）

Haneda25,000（per-unit：yen）（sales：millions of yen）

Narita25,000

8,000

3,000

7,000
20,0002,500

20,000

6,000
2,000

5,000

15,00015,0001,500

4,000
10,00010,000

3,000

1,000

2,000

5,000

5,000

500

1,000
0

0

0
1Q

2Q

3Q

FY16

4Q

1Q

2Q

3Q

FY17

4Q

1Q

2Q

3Q

FY18

merchandise sales

4Q

1Q

2Q

3Q

0
1Q

4Q

2Q

3Q

FY16

FY19

4Q

1Q

2Q

3Q

4Q

1Q

2Q

FY17
merchandise sales

per-unit purchases

3Q

FY18

1Q

2Q

3Q

FY19
per-unit purchases

Notes: “merchandise sales” denote all store sales (excluding taxable stores). Haneda: all duty-free stores; Narita: directly managed stores and boutiques.

28

4Q

4Q

2. Other Information(1) Capital Expenditure and Depreciation Expenses (Results)
Items

FY15

FY16

FY17

FY18

FY19

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Capital expenditure

8,379

6,853

27,88557,55972,613

Depreciation expenses

11,232

11,60910,806

24,63427,807

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

• Breakdown of Major Capital Expenditures
FY19 (Results)
Building 2 internationalization construction¥27.0 billion

Repair and upgrade of various equipment and facilities¥3.5 billion

Building 2 PBB upgrade¥2.9 billion

Acquisition and improvement of training facilities¥2.0 billion

Upgrade of crime prevention/disaster-readiness equipment¥1.9 billion

Building 1 renovation¥1.4 billion(TIAT investment amount¥30.0 billion)

・Breakdown of main depreciation expenses
FY15

FY16

FY17

FY18

FY19

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Terminal 1

4,000

4,400

4,300

4,100

4,700

Terminal 2

4,400

4,100

3,800

3,800

5,400

P4 Parking

400

300

300

300

900

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

【Reference】TIAT (non‐consolidated)
FY15

FY16

FY17

FY18

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Capital expenditure

2,551

3,796

14,38214,805

Depreciation expenses

10,202

9,748

9,492

9,597

29

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

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

2,000

1,600

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

Subsidiary consolidationof TIAT (Apr. 2018)

Terminal 3 extension
started operation(Mar. 2014)

450
400
350
300

325
302

250

Haneda Airport Terminal 2
started operation (Dec. 2004)

Haneda Airport Terminal 1
started operation (Sep. 1993)

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

Iraq war

SARS outbreak

9-11 Terrorist Attack in the US

2,400

Billionsof yenThe additional Terminal 3 extension
started operation (Dec. 2019)
Terminal 2 International facilities
started operation (Mar. 2020)(right) Ordinary income

Financial realignment

2,800

Kansai International
Airport opened

Narita Airport Terminal 2
started operation

3,200(right) Cash flows

Voluntary closure of
Yamaichi Securities(left) Operating revenues

Y2K task

Billionsof yen196
200

181 157

1,200

171
151

800

139

133

118

107
49

400

36

31

150

166

146

203

136 128

100
83

57

50

1
0

0
90

91

92

93

94

95

96

97

98

99

00

01

02

03

04

30

05

06

07

08

09

10

11

12

13

14

15

16

17

18

19

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

April 1, 2019 to March 31, 2020 (FY19)

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.

32

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• Commissioned management of
duty-free stores (Kansai)• Merchandise sales (Naha)• Wholesale• Operation of Kumamoto Airport

33

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.

34

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 to become the most highly rated airport in the world, or the world's best airport, based on
the long-term vision established in the present medium-term management plan
Category

Main initiatives

Most recent initiatives

Environment• Energy saving measures (Use of LEDs forlighting equipment, introduction of hybrid
vehicles)• Use of natural energy (Green power, solar
power generation)• Consideration of measures for reducing
incinerated waste upon expanding awaste treatment plant• Dealing with the marine plastic debris
problem (Changing the material used forstraws and shopping bags, etc.)

Social• 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• Effort for transmitting art and culture ofJapan and for regional revitalization(Business of Haneda Future ResearchInstitute)• Increasing interaction with local residents(Haneda area)• Installing “water stop boards”• Installing “Scattering prevention films”• Japan Public-Private Partnership Student
Study Abroad Program

Governance• Verification of effectiveness evaluation of theboard of directors• Establishment of the nominating/remunerationcommittee• Strong governance, strengthening of theboard of directors• Cybersecurity measures35

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).

36

Haneda Airport Terminal 2

1. Outline of Japan Airport Terminal Group
Facilities management operations(6) Group Companies

As of April 1,2020◼ 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◼ 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 rooms

37

7 companies◼ Japan Duty Free Fa-So-La Isetan Mitsukoshi Co., Ltd.
Development of airport duty-free stores (bonded stores) inurban 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

1. Outline of Japan Airport Terminal Group(7) Revenue Composition/Details by Segment, Composition of Sales
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 costs38

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 billion39

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.

40

2. Summary of Tokyo International Airport (Haneda)(1) Location Map■ Total area of airport■ Apron1,516 haTotal 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/2,350 vehicles

９・P2

Capacity/2,343 vehicles

10

・P3

Capacity/2,450 vehicles

11

・P4

Capacity/3,100 vehicles(includes 2 microbus spaces)

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

41

1３
14

2. Summary of Tokyo International Airport (Haneda)(2) Comparison of Passenger Volume
Japan Airport Passenger Volume Ranking(2019 calendar year)

Global Airport Passenger Volume Ranking(2019 calendar year bulletin)

Code

Annual (thousandpeople)Daily average(thousand people)

Share (%)

HND

85,326 (66,789)

233

25.8

2 Narita
International
3 KansaiInternational

NRT

42,460 (7,642)

116

12.8

KIX

31,807 (6,981)

87

9.6

4 Fukuoka

FUK

24,679 (18,281)

67

7.5

Airport1

Haneda(Tokyo International)

City/Airport

Code

Annual(thousand people)

1

AtlantaATL

110,5312

Beijing Capital International

PEK

100,0113

Los Angeles

LAX

88,068

4

Dubai

DXB

86,396

5

Tokyo (Haneda)

HND

85,505

6

Chicago (O’Hare)

ORD

84,6497

London (Heathrow)

LHR

80,8885 New Chitose

CTS

24,599 (20,732)

67

7.4

6 NahaOKA

21,761 (18,080)

59

6.6

7 Osaka
International
8 Chubu Centrair
International

ITM

16,504 (16,504)

45

5.0

NGO

13,460 (6,676)

36

4.1

9 Kagoshima

KOJ

6,072 (5,660)

16

1.8

8

Shanghai (Pudong)PVG

76,15310 SendaiInternational

SDJ

3,855 (3,462)

10

1.2

9

Paris (Charles De Gaulle)

CDG

76,150DFW

75,06678 other airports

60,312 (56,650)

18.2

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

42

10 Dallas/Fort WorthSource: 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
Code

Flights/day

Okayama

OKJ

10

Hiroshima

HIJ

17

Yamaguchi Ube

UBJ

10

Noto

NTQ

2

Komatsu

KMQ

6

Nagoya (Chubu)NGO

5

Osaka (Itami)

ITM

30

5

Osaka
(Kansai Airport)

KIX

14

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

IWJ

2

Takamatsu

TAK

13

Tokushima

Matsuyama
Kochi

Kitakyushu
Saga

Kyushu4

Hagi Iwami

Fukuoka

Okinawa

IWK

TOY

Oita

TKS
MYJ
KCZ
FUK
KKJ
HSG
OIT

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

Iwakuni

IZO

ToyamaHokkaido

Izumo

YGJ

Flights/day

TohokuYonago

TTJ

Code

Chubu

Tottori

City

Kinki

Chugoku

City(The data collected from the flight timetables as of April 2020)43

2. Summary of Tokyo International Airport (Haneda)
Country(4) International Destinations and Flights

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

44

7

NewarkEWR

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

(Plan for April according to the 2020 Summer Schedule)

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.

45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