Investor Presentaiton
1. Review of Consolidated Financial Results for FY18 2Q
(3) Consolidated Financial Results
Large increase in operating revenues and operating income due to TIAT consolidation, temporary
extraordinary income and losses
Growth trend in merchandise sales continues, despite a slowdown in growth seen for duty-free
stores after July
Main Factors
Behind
Changes
<
Differences from previous fiscal year results (Factors other than TIAT consolidation)
Sales growth in facilities management operations, mainly reflecting revenues from paid airport lounges for domestic
terminal
Sales growth in the merchandise sales business, reflecting opening of arrival duty-free stores at Haneda Airport and new
stores at Chubu Centrair Airport, in addition to merchandise sales growth for airport duty-free stores and urban duty-
free stores
O Differences from initial forecasts
Facility user charges revenue and operating revenue from merchandise sales beat forecasts, despite effects of decline in
passenger volume due to natural disasters, etc.
Some repair expenses and commissioned management fees are postponed until the second half of the year
Consolidated financial results for FY18 1H
Note: Figures shown are rounded down to the nearest 100 million yen. (Billions of yen)
Rate of
Items
1H
Results
LY
Change
Amount affected due
to TIAT consolidation
change
Results
amount
Initial
forecasts
Amount affected due Difference
to TIAT consolidation
(%)
Operating revenues
137.4
17.1
108.0
29.3
27.2
131.2
16.2
6.2
(Facilities management)
( 40.6)
( 11.6)
( 28.3)
12.3
43.7
( 40.5)
( 11.2)
0.1
(Merchandise sales)
( 86.5)
(5.4)
( 69.8)
16.6
23.8
( 80.9)
( 4.9)
5.6
(Food and beverage)
( 10.2)
( 0.1)
( 9.8)
0.3
3.4
( 9.8)
(0.1)
0.4
Operating income
12.9
5.0
6.7
6.2
92.1
11.0
4.6
1.9
Ordinary income
11.7
2.2
8.7
3.0
34.4
9.9
1.8
1.8
Net income
28.2
21.2
6.1
22.0
355.3
27.0
21.1
1.2
Japan Airport Terminal Co., Ltd.
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