Competition and Regulatory Risk from Airline Liberalization, LCCs and Airport Management Reform
First written in FY2016. 10 of 16 entries say "Restated". Latest entry: FY2026.
Japan Airport Terminal moved to the "Worse" side of this theme in 2026, 10 years after the typical company in this theme (2016).
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Restrictions on takeoff and landing slots at Haneda Airport and the emergence of competing airports」
In addition to the existing regulatory and competitive environment risks related to aviation liberalization, LCCs and airport management reform, it identified the cap on takeoff and landing slots and the emergence of competing airports as new priority risks, and stated that it would respond by shifting to a demand-creation model. - FY2024RestatedAnnual report
「If the laws and regulations or airport operating policies relating to the airport building business are changed by the national or administrative authorities responsible for establishing and managing the airport.」
It continued to describe airport management reform and changes in regulations, laws and operating policies by the national and administrative authorities as competitive and regulatory risks. - FY2020RestatedAnnual report
「With the aim of promoting growth in the aviation sector and revitalizing the Japanese economy, the Ministry of Land, Infrastructure, Transport and Tourism is pursuing an integrated three-pronged initiative comprising aviation liberalization, the promotion of new entrants such as LCCs, and airport management reform. In particular, airport management reform has progressed further following the enactment of the Act on the Operation, etc. of Nationally Managed Airports Utilizing the Capabilities of the Private Sector.」
It continued to describe changes in the competitive and regulatory environment, including aviation liberalization, LCC entry and airport management reform. - FY2019RestatedAnnual report
「In the aviation industry, initiatives are under way to strengthen the functions of airports in the Tokyo metropolitan area in anticipation of the 2020 Tokyo Olympic and Paralympic Games and beyond, as well as the gateway functions of regional airports and other facilities toward the government’s targets of 40 million foreign visitors to Japan in 2020 and 60 million in 2030 as part of its effort to establish Japan as a tourism-oriented nation.」
It continued to identify the competitive environment, including aviation liberalization and enhanced airport functions, as well as the targets of 40 million foreign visitors to Japan in 2020 and 60 million in 2030. - FY2019-Q3Updated results for foreign visitors to JapanAnnual report
「The number of foreign visitors to Japan exceeded 30 million in cumulative 2018, the highest level on record.」
The record result of more than 30 million foreign visitors to Japan in cumulative 2018 was added. - FY2019-Q2Updated results for foreign visitors to JapanAnnual report
「Against the government’s target of 40 million foreign visitors to Japan in 2020, the number of foreign visitors reached 23.46 million in the cumulative period from January to September 2018, exceeding the previous year, supported by increased airline seat capacity from new routes and additional flights, as well as the effects of ongoing inbound tourism promotion campaigns.」
The result of 23.46 million foreign visitors to Japan from January to September 2018, exceeding the previous year, was disclosed against the 2020 target of 40 million. - FY2019-Q1Updated results for foreign visitors to JapanAnnual report
「Against the government’s target of 40 million foreign visitors to Japan in 2020, the number of foreign visitors remained firm, reaching a record 15.89 million in the first half of 2018 (January to June), supported by increased airline seat capacity from new routes and additional flights, as well as the effects of ongoing inbound tourism promotion campaigns.」
The 2020 target of 40 million foreign visitors to Japan was supplemented by the result of 15.89 million in the first half of 2018, a new record. - FY2018Addition of the 2030 targetAnnual report
「In the aviation industry, initiatives are under way to strengthen the functions of airports in the Tokyo metropolitan area in anticipation of the 2020 Tokyo Olympic and Paralympic Games and beyond, as well as the gateway functions of regional airports and other facilities toward the government’s targets of 40 million foreign visitors to Japan in 2020 and 60 million in 2030 as part of its effort to establish Japan as a tourism-oriented nation.」
In addition to the previous target of 40 million foreign visitors to Japan in 2020, a target of 60 million in 2030 was disclosed, extending the time horizon of the business environment surrounding growth in foreign visitors to Japan. - FY2018-Q3RestatedAnnual report
「In the aviation industry, competition is intensifying as a result of aviation liberalization (open skies) and the expansion of routes operated by LCCs (low-cost carriers). Airport-management reform aimed at efficient operations through vertically integrated management and initiatives to strengthen the functions of airports in the Tokyo metropolitan area are also progressing. As part of a new challenge to establish Japan as a tourism-oriented nation, the government set its 2020 target for foreign visitors to Japan at 40 million, while the number of foreign visitors exceeded 28 million in 2017. The business environment is therefore changing significantly, and further efforts to strengthen competitiveness are required.」
The competitive environment arising from aviation liberalization, LCCs, airport-management reform, and the strengthening of airport functions in the Tokyo metropolitan area continued to be described, and the 2017 result of more than 28 million foreign visitors to Japan was disclosed. - FY2018-Q2RestatedAnnual report
「In the aviation industry, competition is intensifying as a result of aviation liberalization (open skies) and the expansion of routes operated by LCCs (low-cost carriers). Airport-management reform aimed at efficient operations through vertically integrated management and initiatives to strengthen the functions of airports in the Tokyo metropolitan area are also progressing. As part of a new challenge to establish Japan as a tourism-oriented nation, the government set its 2020 target for foreign visitors to Japan at 40 million, while the number of foreign visitors exceeded 24 million in 2016. The business environment is therefore changing significantly, and further efforts to strengthen competitiveness are required.」
The competitive environment arising from aviation liberalization, LCCs, airport-management reform, and the strengthening of airport functions in the Tokyo metropolitan area, together with the government’s target and actual results for foreign visitors to Japan, continued to be described. - FY2018-Q1RestatedAnnual report
「In the aviation industry, competition is intensifying as a result of aviation liberalization (open skies) and the expansion of routes operated by LCCs (low-cost carriers). Airport-management reform aimed at efficient operations through vertically integrated management and initiatives to strengthen the functions of airports in the Tokyo metropolitan area are also progressing. As part of a new challenge to establish Japan as a tourism-oriented nation, the government substantially raised its 2020 target for foreign visitors to Japan from 20 million to 40 million, while the number of foreign visitors exceeded 24 million in 2016. The business environment is therefore changing significantly, and further efforts to strengthen competitiveness are required.」
The competitive environment arising from aviation liberalization, LCCs, airport-management reform, and the strengthening of airport functions in the Tokyo metropolitan area, together with the government’s target for foreign visitors to Japan, continued to be described. - FY2017RestatedAnnual report
「In the aviation industry, competition is intensifying as a result of aviation liberalization (open skies) and the expansion of routes operated by LCCs (low-cost carriers). Airport-management reform aimed at efficient operations through vertically integrated management and initiatives to strengthen the functions of airports in the Tokyo metropolitan area are also progressing. As part of a new challenge to establish Japan as a tourism-oriented nation, the government has substantially raised its 2020 target for foreign visitors to Japan from 20 million to 40 million, while the number of foreign visitors exceeded 24 million in 2016. The business environment is therefore changing significantly, and further efforts to strengthen competitiveness are required.」
The competitive environment arising from aviation liberalization, LCCs, airport-management reform, and the strengthening of airport functions in the Tokyo metropolitan area continued to be described. - FY2017-Q3RestatedAnnual report
「In the aviation industry, competition is intensifying as a result of aviation liberalization (open skies) and the expansion of routes operated by LCCs (low-cost carriers). Airport-management reform aimed at efficient operations through vertically integrated management and initiatives to strengthen the functions of airports in the Tokyo metropolitan area are also progressing. As part of a new challenge to establish Japan as a tourism-oriented nation, the government substantially raised its 2020 target for foreign visitors to Japan from 20 million to 40 million, while the number of foreign visitors exceeded 24 million in 2016. The business environment is therefore changing significantly, and further efforts to strengthen competitiveness are required.」
The competitive environment arising from aviation liberalization, LCCs, airport-management reform, and the strengthening of airport functions in the Tokyo metropolitan area continued to be described. The government’s target of 40 million foreign visitors to Japan and the 2016 result of more than 24 million were also disclosed. - FY2017-Q2RestatedAnnual report
「In the aviation industry, competition is intensifying as a result of aviation liberalization (open skies) and the expansion of routes operated by LCCs (low-cost carriers). Airport-management reform aimed at efficient operations through vertically integrated management and initiatives to strengthen the functions of airports in the Tokyo metropolitan area are also progressing. As part of a new challenge to establish Japan as a tourism-oriented nation, the government substantially raised its 2020 target for foreign visitors to Japan from 20 million to 40 million, while the original target had already been achieved on a calendar-year basis by October of this year. The business environment is therefore changing significantly, and further efforts to strengthen competitiveness are required.」
The competitive environment arising from aviation liberalization, LCCs, airport-management reform, and the strengthening of airport functions in the Tokyo metropolitan area continued to be described. - FY2017-Q1RestatedAnnual report
「In the aviation industry, competition is intensifying as a result of aviation liberalization (open skies) and the expansion of routes operated by LCCs (low-cost carriers). Airport-management reform aimed at efficient operations through vertically integrated management and initiatives to strengthen the functions of airports in the Tokyo metropolitan area are also progressing. Last year, the government broadly achieved its 2020 target of 20 million foreign visitors to Japan, and in March this year it substantially raised the 2020 target to 40 million as part of a new challenge to establish Japan as a tourism-oriented nation. The business environment is therefore changing significantly, and further efforts to strengthen competitiveness are required.」
The competitive environment arising from aviation liberalization, LCCs, airport-management reform, and the strengthening of airport functions in the Tokyo metropolitan area continued to be described. The quarterly report’s risk section stated that there were no material changes. - FY2016First statedAnnual report
「With the aim of promoting growth in the aviation sector and revitalizing the Japanese economy, the Ministry of Land, Infrastructure, Transport and Tourism is pursuing an integrated set of initiatives comprising aviation liberalization, the promotion of new entrants such as LCCs, and airport-management reform. In particular, airport-management reform has advanced further following the enactment of the Act on Operation of Nationally Managed Airports by Utilizing Private Sector Capabilities. Depending on future policies established by the national government and administrative authorities, these developments could materially affect the Group’s future operating results and financial position.」
Aviation liberalization, LCC entry, progress in airport-management reform, and changes in national government and administrative policies were identified as external risks.