April 1, 2022 to March 31, 2023 (FY22)

Earnings Presentation Material

(May 18, 2023)

  • 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, 2022 to March 31, 2023 (FY22)

Earnings Presentation Material

1. Review of Consolidated Financial Results for FY22

(1)

Business Environment

P

２

(2)

Consolidated Financial Results

P

３

2. Consolidated Financial Forecast for FY23

(1) Business Environment

P

４

(2)

Consolidated Financial Forecast for FY23

P

５

(3)

Premises for Financial Forecast

P

６

(4)

Response to Rapidly Recovering Passenger Demand

P

７

(5)

Response to Labor Shortages

P

８

(6)

Status of Selling, General and Administrative Expenses

P

８

3. Progress of the Medium-Term Business Plan

(1) Passenger Volume Forecast (Haneda Airport)

P

９

(2)

FY25 Guidelines and the Target Profit and Loss

P

９

(3)

Strategy Road Map

P １０

(4)

Investment Plan

P １１

4. Sustainability Initiatives

(1) Creating a Medium-Term Sustainability Plan

P １２

(2)

Materiality and KPIs

P １３

(3)

Relationship between Materiality and

P １４

Medium-Term Business Plan

(4)

Information Disclosure in Accordance with the

P １５

TCFD Recommendations

(5)

CO2 Emission Reduction Targets

P １６

Contents

Supplementary Material

1. Details of Consolidated Financial Results for FY22

(1)

Changes in Passenger Volume

P １８

(Haneda, Narita, Kansai and Chubu Centrair)

(2)

Consolidated Financial Results for FY22

P １９

(3)

Financial Results by Segment

(i) Facilities management

P ２１

(ii) Merchandise sales

P ２２

(iii) Food and beverage

P ２３

(4)

Breakdown of Selling, General and

P ２４

Administrative Expenses

(5)

Changes in Non-Operating Income/Expenses

P ２５

and Extraordinary Income/Loss

(6) Consolidated Balance Sheets

P ２６

(7)

Consolidated Statements of Cash Flows

P ２７

Reference: Purchasing trends at duty-free stores

P ２８

2. Details of Consolidated Financial Forecast for FY23

(1) Consolidated Financial Forecast for FY23

P ２９

(2) Financial Forecast by Segment

(i) Facilities management

P ３０

(ii) Merchandise sales

P ３１

(iii) Food and beverage

P ３２

3. Other Information

Reference Material

1. Outline of Japan Airport Terminal Group

(1)

The company's position at Haneda Airport

P ３６

(comparison with other major airports in Japan)

(2)

Business Details

P ３７

(3)

Basic Philosophy and Management Policy

P ３８

(4)

Sustainability Basic Policy

P ３９

(5)

Company History

P ４０

(6) Group Companies

P ４１

(7)

Revenue Composition/Details by Segment,

P ４２

Composition of sales

(8)

Changes in Capital Investment

P ４３

(9)

Summary of Tokyo International Air

P ４４

Terminal Corporation

2. Summary of Tokyo International Airport (Haneda)

(1)

Location Map

P ４５

(2)

Comparison of Passenger Volume

P ４６

(3)

International Rating of the Haneda Airport

P ４７

Passenger Terminal

(1) Capital Expenditure and Depreciation Expenses

P ３３

(2) Changes in Operating Revenues/Ordinary

P ３４

Income/Cash Flows

Earnings Presentation Material April 1, 2022 to March 31, 2023 (FY22)

  1. Review of Consolidated Financial Results for FY22
  2. Consolidated Financial Forecast for FY23
  3. Progress of the Medium-Term Business Plan
  4. Sustainability Initiatives

1. Review of Consolidated Financial Results for FY22

(1) Business Environment

Business

Environment

Number of Passengers

(Haneda

Airport)

  • Although COVID-19 surged twice, social activities gradually returned to normal.
  • The nationwide travel support program started in October, and immigration restrictions have also been significantly eased.
  • Prices continued to rise due to high resource prices and the weak yen. Labor shortages have also become apparent in airport operations.
  • Domestic flights increased steadily from the fall, partly due to the nationwide travel support program, but slightly fell below the revised forecast due to a delayed recovery in business demand.
  • International flights exceeded the revised forecast by about 20% as the recovery was accelerated due to an increase in passengers, especially overseas passengers (other than Chinese nationals), as a result of the significant easing of immigration restrictions and the weak yen.

FY22 passenger volumes

FY22

FY21

Rate of change

Revised

Revised forecast

Target number *

Rate of change

Airport

forecasts

for comparison

(10 thousands)

(10 thousands)

(％)

(10 thousands)

(％)

(10 thousands)

(％)

Haneda - Domestic

5,247

2,887

81.8

5,373

-2.3

Haneda - International

681

83

720.0

561

21.4

Total Haneda

5,928

2,970

99.6

5,934

-0.1

Narita

1,355

234

478.2

1,176

15.3

Kansai

512

27

1,768.5

278

84.0

Chubu Centrair

82

5

1,391.3

79

4.3

6,900 -23.9

2,560 -73.4

9,460 -37.3

  • Target numbers are the estimated passenger volume for FY25.

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

Japan Airport Terminal Co., Ltd.

02

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Japan Airport Terminal Co. Ltd. published this content on 18 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2023 09:39:04 UTC.