The market welcomed Japan Airport Terminal's upward revision to its consolidated earnings forecast for the fiscal year ending March 2027, sending its share price sharply higher to a level not seen for approximately 2 years and 10 months. The company also announced a 3-for-1 stock split, heightening investor interest.
Japan Airport Terminal's share price rebounded sharply to a high not seen for approximately 2 years and 10 months. The increase was attributed to the company's upward revision to its consolidated earnings forecast for the fiscal year ending March 2027, announced after trading ended the previous Friday.
Under the new forecast, revenue was raised from ¥296.7 billion to ¥304.7 billion, operating profit from ¥45.6 billion to ¥51.5 billion, and net profit from ¥24.2 billion to ¥25.8 billion. The company expects increased international passenger numbers and duty-free shop sales to provide support in the first half, while stronger domestic demand and larger aircraft are expected to be tailwinds in the second half.
The results for the six months ended September, announced at the same time, were revenue of ¥148.619 billion, operating profit of ¥27.719 billion, and net profit of ¥14.195 billion. The stock split will divide 1 share into 3 shares, with 31 March 2027 as the record date. The company explained that the purpose was to create an environment in which investors can invest more easily.
The company's name is Japan Airport Terminal, and the market is focusing on the announced earnings upgrade and stock split.