Capital investment to meet the needs of the aviation industry

「To meet the needs of the aviation industry, the Group made ¥2,147 million in capital investments, primarily in its airport real estate business. In the airport real estate business, the Group invested in replacement of air-conditioning units at the Maintenance Center Annex and west hangar, replacement of extra-high-voltage receiving and transformation equipment at the East Extra-High-Voltage Substation, and replacement of receiving and transformation equipment at the Utility Center Building, among other projects.」

「Cash used in investing activities amounted to ¥3,148 million, compared with ¥2,864 million in the same period of the previous year. This was primarily due to payments for the acquisition of property, plant and equipment.」

「To meet the needs of the aviation industry, the Group made ¥3,594 million in capital investments, primarily in its real estate leasing business. In the real estate business, the Group invested in tenant fit-out work for the Fresh Center tenant at Building W-1 of the Tokyo International Airport Domestic Cargo Terminal and replacement of air-conditioning units at the Utility Center Building, among other projects. In the heat supply business, the Group invested in replacement of chillers at Energy Center R-9 and R-10, among other projects.」

「To meet the needs of the aviation industry, the Group made ¥1,899 million in capital investments, primarily in its real estate leasing business. In the real estate leasing business, the Group invested in the replacement of emergency generators at the Utility Center Building and the west hangar, among other projects.」

「In addition, during the third quarter, as part of its efforts to expand its business areas, the Group acquired land and buildings in Koshigaya, Saitama Prefecture, and began providing facilities to a customized-car company.」

「Total assets at the end of the first quarter of the current consolidated fiscal year were ¥106,136 million, an increase of ¥1,652 million from the end of the previous consolidated fiscal year. This mainly reflected an increase in advances included in other current assets for construction of the Kanto Gakuin University International Student Dormitory, scheduled for completion in March 2021, and the recognition of prepaid expenses for annual usage fees for national property.」

「To meet the needs of the aviation industry, the Group made ¥7,153 million in capital investments, primarily in its real estate leasing business. In the real estate leasing business, the Group invested in the expansion and renovation of the Arc Building, construction of the Technical Center warehouse, and expansion of the Kobe hangar, among other projects.」

「Total assets at the end of the third quarter of the current consolidated fiscal year were ¥104,633 million, up ¥3,248 million from the end of the previous consolidated fiscal year. This reflected the completion of the Kobe Airport hangar extension and equipment warehouse, the increase in construction in progress related to the Arc Building in-flight catering plant expansion and renovation at Haneda Airport completed in January and the aircraft wastewater treatment facility (SD Plant) scheduled for completion in March, as well as an additional investment in Haneda Innovation City in Zone 1 of the former Haneda site.」

「Cash used in investing activities amounted to ¥4,088 million, compared with ¥10,434 million in the same period of the previous year. This was primarily due to payments for the acquisition of property, plant and equipment inside and outside Haneda Airport.」

「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.」

「To meet the needs of the aviation industry, the Group made ¥13,611 million in capital investments, primarily in its real estate leasing business.」

「Cash used in investing activities was ¥10,434 million, compared with ¥1,801 million in the previous corresponding period. This was primarily attributable to the acquisition of 5 hotels in Kyoto as fixed assets.」

「To meet the needs of the aviation industry, the Group made ¥4,504 million in capital investments, primarily in its real estate leasing business.」

「Total assets at the end of the second quarter of the current consolidated fiscal year were ¥87,840 million, an increase of ¥260 million from the end of the previous consolidated fiscal year. This mainly reflected an increase in construction in progress due to the acquisition of land for multi-unit housing and payments for solar power generation equipment construction.」

「Total assets at the end of the first quarter of the current consolidated fiscal year were ¥89,947 million, an increase of ¥2,367 million from the end of the previous consolidated fiscal year. This mainly reflected an increase in construction in progress related to the start of solar power generation equipment construction in Heiwajima and boiler replacement work by Tokyo Airport Heating and Cooling Co., Ltd., as well as the recognition of prepaid expenses for annual usage fees for national property.」

「The Group regards as its business foundation the provision of facilities that complement airport functions, including shared-use facilities for airlines such as multipurpose comprehensive buildings, district heating and cooling facilities, aircraft washing facilities and aircraft wastewater treatment facilities, as well as facilities used by individual airlines, such as hangars, engine plants and training facilities. It will make new investments proactively as necessary, pursue expansion and improvement in business scale and earnings capacity, and work to secure stable rental income.」

「The Group regards as its business foundation the provision of facilities that complement airport functions, including shared-use facilities for airlines such as multipurpose comprehensive buildings, district heating and cooling facilities, aircraft washing facilities and aircraft wastewater treatment facilities, as well as facilities used by individual airlines, such as hangars, engine plants and training facilities. It will make new investments proactively as necessary, pursue expansion and improvement in business scale and earnings capacity, and work to secure stable rental income.」

「The company will make new investments proactively as necessary, expand and improve its business scale and earning power, and work to secure stable rental income.」

「To meet the needs of the aviation industry, the Group made ¥2,973 million in capital investments, primarily in its real estate leasing business.」