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Investor Presentaiton

3. Progress under the Medium-Term Business Plan (5) Idea of the Profit-loss Plan and Guidelines Promote business strategy with a view to achieving the profit-loss plan and the guidelines for FY20 (Operating revenues: ¥300 billion; ROA (EBITDA): 12%: Operating income ratio: 8%) (Business environment that serves as opportunities) > Increase in the number of air passengers due to an increase in in-bound demand and growth in late-night international flights at Haneda Airport > Steady increase in sales for merchandise sales business through opening of new stores at other airports and outside airports (Business environment to note) > Impact on in-bound demand and the number of air passengers due to natural disasters ➤ Uncertainty in trends of consumption by Chinese visitors to Japan and economic trends in Japan The profit-loss plan for FY18 is forecast to exceed the initial plan The plans for FY19 and FY20 require closer examination due to a high level of uncertainty regarding the business environment. However, we will aim to develop plans that exceed the operating revenue at the FY18 level. FY18 Japan Airport Terminal Co., Ltd. 15 FY19-20
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