Investor Presentaiton

1. Details of Consolidated Financial Results for FY19 [Reference] Purchasing Trends of Non-Japanese Passengers by Nationality (3) (5) Changes in per-unit purchases and operating revenues from merchandise sales to Chinese passengers by airport (per-unit: yen) (sales millions of yen) (per-unit: yen) (sales millions of yen) Haneda Narita 25,000 20,000 15,000 10,000 5,000 8,000 25,000 7,000 20,000 6,000 5,000 15,000 4,000 10,000 3,000 2,000 5,000 1,000 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY16 FY17 FY18 FY19 merchandise sales per-unit purchases 3,000 2,500 2,000 1,500 1,000 500 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 10 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY16 FY17 FY18 FY19 merchandise sales per-unit purchases Notes: "merchandise sales" denote all store sales (excluding taxable stores). Haneda: all duty-free stores; Narita: directly managed stores and boutiques. 28

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