Facility and equipment development to accommodate capacity expansion at Tokyo International Airport

「In the real estate leasing business, operations at the Technical Center warehouse building and Arc Building inflight catering plant at Haneda Airport, and the expanded hangar building at Kobe Airport, all completed since December 2019, contributed to net sales of ¥9,545 million, up 1.5% year on year.」

「In the real estate leasing business, operations at the Technical Center warehouse building and Arc Building inflight catering plant at Haneda Airport, and the expanded hangar building at Kobe Airport, all completed since December 2019, contributed to net sales of ¥4,738 million, up 2.2% year on year, and operating income of ¥907 million, up 0.1%.」

「In the real estate leasing business, factors included progress in tenant occupancy at Haneda Airport, the Kyoto hotel operating for the full year after beginning operations in late June 2018, the start of leasing training aircraft to the Civil Aviation College in April 2019, the start in December of leasing the expanded Kobe Airport hangar building and the aircraft-equipment warehouse at Haneda Airport, and the start in January 2020 of leasing the expanded and renovated Arc Building as an inflight catering plant.」

「In the real estate leasing business, net sales were ¥14,003 million, up 3.4% year on year, and operating income was ¥2,654 million, up 10.9%. This reflected progress in tenant occupancy at Haneda Airport, rent increases under some existing contracts, the Kyoto hotel operating for the full year after beginning operations in late June two years ago, the start of leasing training aircraft to the Civil Aviation College in April last year, and the start of leasing the expanded hangar building and aircraft-equipment warehouse at Kobe Airport, completed in December.」

「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 Haneda Airport, an increase of 39,000 annual takeoff and landing slots was scheduled for 2020. The Group decided to develop facilities to accommodate the increase in international flights accompanying growing inbound demand. As concrete initiatives, it is expanding and renovating the Arc Building before the Olympics to provide it as an inflight catering plant, establishing a new warehouse for onboard equipment, and relocating the aircraft wastewater treatment facility, the SD Plant, to substantially increase its processing capacity.」

「Although foreign-exchange gains and losses at the Singapore subsidiary improved, ordinary income was ¥2,824 million, down 4.8% year on year, due mainly to the recognition of a provision for the cost of demolishing the Arc Building in connection with the expansion and renovation of a new inflight catering plant at Tokyo International Airport, which began in late January 2019, and other factors.」

「At Haneda Airport, we are working to reuse space by drawing on our accumulated knowledge and skills, renovating existing facilities to meet customer needs, and establishing facilities including crew training centers and an inflight catering plant. We are also working to provide apartments and hotels in response to the growing number of airport employees and users. In March this year, we began providing the fourth apartment complex for airport employees near Haneda Airport.」

「The Group recognizes the issue of how to contribute to the development and enhancement of ground facilities in light of the further expansion of Tokyo International Airport's capacity and the expected increase in training demand.」

「For the cumulative first quarter of the current fiscal year, consolidated net sales were ¥5,503 million, up 5.5% year on year, operating income was ¥1,040 million, up 2.9%, ordinary income was ¥1,034 million, up 0.8%, and quarterly net income attributable to owners of the parent was ¥595 million, up 0.5%.」

「To promote the reuse of leased space at Tokyo International Airport, the Group is identifying new demand for flight-operations support facilities, aviation-related facilities and other facilities arising from the expansion of airport capacity, and is actively seeking to utilize its facilities, with results emerging.」

「To promote the reuse of leased space at Tokyo International Airport, the Group is identifying new demand for flight-operations support facilities, aviation-related facilities and other facilities arising from the expansion of airport capacity, and is actively seeking to utilize its facilities, with results emerging.」

「To promote the reuse of leased space at Tokyo International Airport, the Group is identifying new demand for flight-operations support facilities, aviation-related facilities and other facilities arising from the expansion of airport capacity, and is actively seeking to utilize its facilities.」

「The Group is providing new aviation-related facilities, including through the renewal of existing facilities, and is proceeding with upgrades to related equipment in anticipation of increased demand for heat supply within the airport.」