Expansion of facilities at regional airports and consideration of participation in the operation of airports under private-sector initiatives

「January 2020: Hangar completed at the Fukuoka Airport helicopter facility, Nata Heliport February 2020: Relocation and expansion of the aircraft wastewater treatment facility, SD Plant, at Tokyo International Airport」

「Revenue was ¥14,003 million, up 3.4% year on year, and operating profit was ¥2,654 million, up 10.9%, reflecting the start of leasing of the extension to the hangar and the aircraft equipment warehouse at Kobe Airport, completed in December, among other factors.」

「Total assets at the end of the second quarter of the current fiscal year were ¥104,905 million, an increase of ¥3,520 million from the end of the previous consolidated fiscal year, due mainly to growth in construction in progress associated with the expansion and renovation of the Arc Building into an inflight catering plant at Haneda Airport, the construction of a new SD Plant, the construction of a new warehouse building at the Technical Center, and the expansion of a hangar at Kobe Airport, all scheduled for completion during the fiscal year.」

「Total assets at the end of the first quarter of the current fiscal year were ¥103,290 million, an increase of ¥1,905 million from the end of the previous consolidated fiscal year. The increase was due mainly to growth in construction in progress associated with the expansion and renovation of the Arc Building for an inflight catering plant in preparation for additional international flight slots at Haneda Airport, the expansion of a hangar at Kobe Airport and other projects, as well as the recognition of prepaid expenses for annual usage fees for national property.」

「At regional airports, the Company will develop facilities, including an extension to the hangar at Kobe Airport and the relocation of its facilities associated with the construction of Fukuoka Airport's second runway to the Nata heliport, provisionally named, in response to efforts to increase users and enhance the functions of regional airports nationwide. The Company will also continue to investigate and consider the possibility of participating in concessions at regional airports by leveraging its strengths.」

「The real estate leasing business recorded revenue of ¥13,540 million, up 7.0% year on year, and operating profit of ¥2,392 million, up 9.2%, reflecting improved occupancy at the Company's facilities at Tokyo International Airport, full-year operation of aviation-related facilities at regional airports, the start of leasing at a hotel acquired in Kyoto, and the inclusion of the Canadian subsidiary in the scope of consolidation, among other factors.」

「Consolidated revenue was ¥5,858 million, up 6.4% year on year, reflecting steady sales at Tokyo International Airport, the start of operations at new properties at regional airports, and the inclusion of the Canadian subsidiary in the scope of consolidation, among other factors.」

「The Company has provided facilities at 12 airports nationwide. More recently, at Sendai Airport, it provided a highly earthquake-resistant hangar for small aircraft to an aviation operator that had left the airport following the Great East Japan Earthquake, supporting the resumption of operations. At Kagoshima Airport, it provided Japan's first crew training facility for a full-flight simulator to an aviation operator based in Kagoshima that operates routes between regional cities and remote islands. The Company has also commenced aviation-related facility businesses at New Chitose Airport and Kitakyushu Airport.」

「The water supply and drainage operations and other businesses recorded revenue of ¥1,956 million, up 11.3%, and operating profit of ¥136 million, up 4.7%, reflecting steady water supply and drainage sales as passenger numbers at Tokyo International Airport increased and the start of water supply and drainage management services at New Chitose Airport, among other factors.」

「The water supply and drainage operations and other businesses recorded revenue of ¥1,321 million, up 12.6%, and operating profit of ¥115 million, up 9.0%, reflecting steady water supply and drainage sales as passenger numbers at Tokyo International Airport increased and the start of water supply and drainage management services at New Chitose Airport, among other factors.」

「The water supply and drainage operations and other businesses recorded revenue of ¥653 million, up 14.4% year on year, and operating profit of ¥53 million, up 62.5%, reflecting steady water supply and drainage sales as passenger numbers at Haneda Airport increased and the start of water supply and drainage operations at New Chitose Airport, among other factors.」

「The Company will monitor changes in national policy, including moves to enhance the functions of airports in the Tokyo metropolitan area and reforms to airport operations following enactment of the Act on Private-Sector Airport Operations.」

「The Company will also monitor changes in national policy, including moves to enhance the functions of airports in the Tokyo metropolitan area and reforms to airport operations following enactment of the Act on Private-Sector Airport Operations.」

「The Company will monitor changes in national policy, including moves to enhance the functions of airports in the Tokyo metropolitan area and reforms to airport operations following enactment of the Act on Private-Sector Airport Operations.」

「The Company will continue to actively pursue new facility development in line with the business expansion of aviation operators while seeking to broaden its customer base. In addition, private-sector airport operations have begun at some airports under the Act on Private-Sector Airport Operations, and this trend is spreading nationwide. The Company will actively examine how it can participate in this trend going forward.」