Financial Report for the Second Quarter of the Fiscal Year Ending March 31, 2026 (FY2025) (Consolidated)（PDF / 338KB）

November 7, 2025 Company name: Japan Airport Terminal Co., Ltd. ("the Company") Listed stock exchange: Tokyo, Prime Market Code number: 9706 URL: https://www.tokyo-airport-bldg.co.jp/company/en/

Representative: Kazuhito Tanaka, Representative Director and President

Contact: Isamu Jinguji, Director and Senior Managing Executive Officer TEL 03-5757-8409

Scheduled date of filing interim securities report: November 12, 2025 Scheduled date of commencing dividend payment:

December 12, 2025

Supplementary materials on financial results (yes/no): Yes

Holding of quarterly investors' meeting (yes/no): Yes (for institutional investors and financial analysts)

(Figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the First Six Months of FY2025 (April 1, 2025 to September 30, 2025)

   1. Consolidated Business Results (Cumulative) (%: Change from the same period of the previous year)

      	Operating revenues		Operating income		Ordinary income		Net income attributable to owners of the parent
      	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
      First six months of FY2025	141,544	7.4	21,446	1.7	20,369	0.2	13,401	11.8
      FY2024	131,752	31.6	21,093	56.1	20,331	62.9	11,990	45.6

      (Note) Comprehensive income: First six months of FY2025 ¥17,917 million First six months of FY2024 ¥16,389 million (50.3%)

      	Net income / per share (Yen)	Diluted net income per share
      	Yen	Yen
      First six months of FY2025	144.41	-
      First six months of FY2024	128.86	-

   2. Consolidated Financial Position

      	Total assets	Net assets	Equity capital to total assets	Net assets per share
      	Millions of yen	Millions of yen	%	Yen
      As of September 30, 2025	476,929	211,195	41.3	2,121.15
      As of March 31, 2025	469,955	198,347	39.9	2,019.12

      (Reference) Equity capital: As of September 30, 2025 ¥196,891 million As of March 31, 2025 ¥187,383 million

2. Dividends

   	Dividends per share
   	Q1-End	Q2-End	Q3-End	Year-End	Annual
   	Yen	Yen	Yen	Yen	Yen
   FY2024	-	35.00	-	55.00	90.00
   FY2025	-	45.00
   FY2025 (Forecast)			-	45.00	90.00

   (Note 1) Revisions to the most recently announced dividends forecast for FY2025: No

3. Forecast of Consolidated Financial Results for FY2025 (April 1, 2025 to March 31, 2026)

(%: Change from the previous fiscal year)

(Note) Revisions to the most recently announced forecast of consolidated financial results for FY2025: Yes

For details, please refer to page 5 of the appendix materials "1. Qualitative Information on Consolidated Financial Results for the First Six Months of FY2025 (3) Explanation of Consolidated Financial Forecasts and Other Forward-looking Statements."

• Notes

  1. Significant changes in subsidiaries during the period under review (changes in specified subsidiaries involving changes in scope of consolidation): No

     New: None Excluded: None

  2. Adoption of special accounting methods for preparation of interim consolidated financial statements: Yes

     (Notes) For details, please refer to page 10 of the appendix materials "2. Interim Consolidated Financial Statements and Notes (3) Notes on Interim Consolidated Financial Statements: Adoption of Special Accounting Methods for Preparation of Interim Consolidated Financial Statements."

  3. Changes in accounting policies, accounting estimates, and restatement of revisions

     1. Changes in accounting policies due to revisions of accounting standards, etc.: None

     2. Changes in accounting policies other than 1) above: None

     3. Changes in accounting estimates: None

     4. Restatement of revisions: None

        As of September 30, 2025	93,145,400 shares	As of March 31, 2025	93,145,400 shares
        As of September 30, 2025	322,542 shares	As of March 31, 2025	340,876 shares
        Six months ended September 30, 2025	92,807,230 shares	Six months ended September 30, 2024	93,053,695 shares

  4. Number of shares outstanding (common stock)

     1. Number of shares outstanding at the period-end (including treasury stock):

     2. Number of treasury stock at the period-end:

     3. Average number of shares outstanding

(interim consolidated cumulative period):

(Note) The Company introduced the Board Incentive Plan (BIP) Trust in the fiscal year ended March 31, 2025. The number of shares held by the trust is included in the treasury stock.

*This second quarter (interim) financial report is not subject to the review by certified public accountants or auditing firms.

*Statements regarding the proper use of financial forecast and other special remarks Notes on the use of forward-looking statements

The forecast of the business results reported herein was prepared based on information the Company had in its possession as of the time this report was prepared and on certain assumptions judged to be reasonable. The Company makes no guarantee that these figures will be achieved. Actual results may differ significantly from forecasts due to various factors.

Supplementary materials on financial results and details of presentation at investors' meeting

An investors' meeting is planned to be held on Friday, November 14, 2025, for financial analysts. Presentation materials used in the meeting will be promptly posted on the Company's website following the meeting.

Contents of the Appendix Materials

2

1. Qualitative Information on Consolidated Financial Results for the First Six Months of FY2025

   (April 1, 2025 to September 30, 2025)………………………………………………………………………………………

   1. Explanation of Operating Results 2

   2. Explanation of Financial Position 5

   3. Explanation of Consolidated Financial Forecasts and Other Forward-looking Statements 6

2. Interim Consolidated Financial Statements and Notes 7

   1. Interim Consolidated Balance Sheets 7

   2. Interim Consolidated Statements of Income and Interim Consolidated Statements of Comprehensive Income 9

      Interim Consolidated Statements of Income 9

      Interim Consolidated Statements of Comprehensive Income 10

   3. Notes on Interim Consolidated Financial Statements 11

(Notes on the Premise of a Going Concern) 11

(Notes on a Significant Change in Shareholders' Equity) 11

(Adoption of Special Accounting Methods for Preparation of Interim Consolidated Financial Statements) 11

(Change in Presentation Method) 11

(Segment Information) 12

1. Qualitative Information on Consolidated Financial Results for the First Six Months of FY2025 (April 1, 2025 to September 30, 2025)

   1. Explanation of Operating Results

During the first six months of the fiscal year ending March 31, 2026, the Japanese economy gradually recovered despite the effects, mainly on the automobile industry, of the U.S. trade policies. Looking ahead, while improvements in the situation surrounding labor and income and the effects of various policies are expected to support the gradual recovery trend, it is necessary to pay attention to the risk of an economic downturn due to the impact of U.S. trade policies. There is also a risk that the impact on consumer spending, such as from a downturn in consumer confidence caused by continued price increases, will put downward pressure on the economy. Moreover, it is necessary to continue to monitor the volatility in the financial and capital markets among other factors.

The airline industry continued to see an increasing number of foreign tourists visiting Japan despite the rumors of a major earthquake hitting the country that spread via social media in parts of East Asia. The domestic and international passenger volumes at Haneda Airport remained strong, exceeding last year's levels.

Under these circumstances, to achieve the long-term vision, "To Be a World Best Airport," the JAT Group is steadily executing various measures outlined in the Medium-Term Business Plan.

In terms of facilities, we worked on developing a safe, comfortable, and advanced airport by continuing to make facilities and material handling equipment earthquake-resistant and upgrade facilities. We continued to make energy-saving improvements to air conditioning units and lighting equipment, and in September obtained certification as a "land-efficient PV-equipped structure" stipulated by the Japanese Standards Association (JSA) by adopting glass integrated solar-cells Sunjoule®for the facility connecting the satellite building on the north side of Terminal 2 and the main terminal building, inaugurated in March this year. n constructing the satellite building on the north side of Terminal 1, whose operation is

scheduled to commence in the summer of 2026, we aim to reduce the environmental impact across all stages from design and construction to operation by introducing wooden structures and interior decoration as well as adopting various environmental technologies.

In terms of sales, we renovated and reopened the food court on the first basement floor of Terminal 1 for domestic flights as Sora chika, a new food zone bringing together various restaurants including a new format outlet run by a prominent restaurant and a brand's first restaurant in the Kanto region. In Terminal 1, we also opened Musashi No Mori Coffee on the fourth floor and three popular ramen restaurants including Machida Shoten in the Southern Terrace of the third floor, and set up HUB

pop-up store on the observation deck, responding to the diverse needs of customers who visit the airport. The number of passengers for international flights has been increasing steadily. On the other hand, the appetite of Chinese and other foreign tourists for luxury items is showing a declining trend compared with last year. Under such circumstances, we expanded and refurbished the Hermès and Chanel boutiques in Terminal 3 to attract more customers. We also relocated the counter where customers can pick up products they ordered from our duty-free pre-order website out of the Duty-Free Shop Central to the newly set up TIAT Pre Order Pick Up. This separates the customer traffic to the store from those coming to pick up pre-ordered items. It is expected to ease the congestion at the cashiers, reduce customer stress, and improve the purchase rate.

Besides Haneda Airport, we opened Japan Duty Free Ishigaki Airport Store at the international flight terminal of Ishigaki Airport. The store offers popular souvenirs of Japan, local specialties of Okinawa and Ishigaki, and liquors and tobaccos.

In terms of management foundation, we continued to strengthen corporate governance. In September, we established the Office of Audit & Supervisory Committee to ensure effectiveness of audit and to strengthen the checks on the top management. At the same time, we increased personnel to enhance the internal control function also at group companies. The Management Improvement Committee, established in July, has been compiling opinions for reforming the organizational

culture through dialogues with the executives and employees and also discussing measures. We will continue to strive to build a sound and highly transparent governance structure. As part of the initiatives for realizing carbon neutrality in 2050, we have embarked on the establishment of a supply chain for sustainable aviation fuel (SAF) and joined Act for Sky, which aims to

realize carbon neutrality of the aviation industry through promotion of SAF. In terms of financial strategy, we achieved the 40% in equity ratio, a target under the Medium-Term Business Plan. We completed refinancing of the existing hybrid loans by raising 20 billion yen through issuance of ordinary bonds and 20 billion yen in loans in August. For the next Medium-Term Business Plan, we will discuss the future capital investment plan and shareholder return policy as well as optimum capital composition and reinforce management conscious of cost of capital.

As a result of the above, with respect to the consolidated financial results for the first six months of the fiscal year ending March 31, 2026, operating revenues were ¥141,544 million (an increase of. 7.4% year-on-year), as facility user charges

revenue increased, while sales at duty-free stores declined compared with the same period a year ago when they were

extremely strong. Operating income was ¥21,446 million (an increase of 1.7% year-on-year), ordinary income was ¥20,369 million (an increase of 0.2% year-on-year) and interim net income attributable to owners of the parent was ¥13,401 million (an increase of 11.8% year-on-year).

(Millions of yen)

Haneda Airport Passenger Terminal was awarded the world's highest standard "5-star Airport" rating for the 11th

consecutive year in the "World Airport Star Rating" conducted by SKYTRAX of the United Kingdom. In the World Airport Awards 2025, we were awarded first place in the World's Cleanest Airports category (for the 10th consecutive year), World's Best Domestic Airports category (for the 13th consecutive year), and World's Best PRM* and Accessible Facilities category (for the seventh consecutive year). In addition, Haneda Airport was ranked second in the Best Airports in Asia category, a comprehensive evaluation of airports in Asia, and third in the World's Best Airports category, a comprehensive evaluation of airports.

(*PRM: Persons with reduced mobility, which refers to the elderly and persons with disabilities or injuries.)

The JAT Group will continue to strive to improve convenience, comfort, and functionality while establishing absolute safety at the passenger terminal, which is a social infrastructure, and to contribute to the continuous creation of value at Haneda Airport and the further growth of air transportation, thereby enhancing our corporate value.

Overview by Segment

The following is a breakdown of earnings by segment. Note that the figures for operating revenues of each segment include intersegment sales and the figures for operating income are equivalent to those for segment income.

[Facilities Management]

(Millions of yen)