Investor Presentaiton
2. Consolidated Financial Forecast for FY18
(1) Business Environment
Despite uncertainty in overseas economies and effects of natural disasters, a rise in passenger volume
is expected
Despite decreasing trends in spending on shopping by all non-Japanese visitors to Japan, increased
sales for airport duty-free stores expected to continue
Business
Environment
Number of
Passengers
(ΥΟΥ
> The effects of natural disasters are limited to East Asia (China, South Korea, etc.) and a recovery trend is seen
recently
> Steady growth in non-Japanese visitors from Southeast Asia, Europe and the U.S. to Japan, overall increasing
trends projected to continue
As merchandise sales for airport duty-free stores are increasing due to opening of arrival duty-free stores at
Haneda Airport and new stores at Chubu Centrair Airport, a continued increase in sales is expected to be possible
through ongoing efforts to strengthen store renovation and initiatives targeting store operations
➤ Projected growth of 1.7% for the year for Haneda domestic flights, with the increasing trend expected to continue
from April to June
➤ Haneda international flights expected to grow by 6.8% for the year, lifted by incorporated information on growth in
late-night flights
➤ Forecasts call for continued passenger growth from international flights into Narita and Kansai Airports
comparison)
The number of passengers forecast for FY18 (YoY comparison)
FY18 1H
Airport
(%)
FY18 2H
(%)
FY18
Full-year
initial
Revised
Difference
forecasts
(%)
forecasts
(P)
(%)
(10
thousands)
Haneda
1
Domestic
0.6
2.8
( 1.8)
1.7
2.0
-0.3
6,974
Haneda International
7.4
6.2
( 2.7)
6.8
3.0
3.8
1,827
Total Haneda
1.9
3.5
( 2.0 )
2.7
2.2
0.5
8,801
Narita
8.5
7.1
( 3.9)
7.8
3.5
4.3
3,609
Kansai
1.5
11.6
( 8.7)
6.7
8.7
-2.0
2,336
Chubu Centrair
7.6
4.9
( 5.0 )
6.3
5.0
1.3
591
* Figures in ( ) are initial forecasts
Japan Airport Terminal Co., Ltd.
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