(February 6, 2026)
Japan Airport Terminal Co., Ltd.
TSE Prime Market (9706)
Consolidated Results for the Third Quarter of FY2025
Number of Passengers | Ｐ３ |
Consolidated Financial Results Overview | Ｐ４ |
Operating Profit Breakdown | Ｐ５ |
SG&A Details | Ｐ６ |
Financial Results by Segment | Ｐ７ |
Duty-Free Store Sales Overview | Ｐ８ |
Duty-Free Store Sales Trends of Chinese customers | Ｐ９ |
Financial Position | Ｐ１０ |
Direction of the Next Medium-Term Business Plan [Updates] | Ｐ１１ |
Initiatives for Improving Governance [Updates] | Ｐ１２ |
Consolidated Financial Details Ｐ１４
Facilities management Ｐ１５
Merchandise sales Ｐ１６
Food and beverage Ｐ１７
2
Q3 FY2025 (Nine months ended December 31, 2025)
Earnings Presentation
Both Haneda domestic and international flights performed well, and the year-on-year growth rate remained at the same level as the first half of the year
Exceeded revised expectations, and the impact of China's travel restraint request in Haneda in the
Airport
Haneda -Domestic Haneda -International
Total Haneda
Note:
Haneda Airport passenger volume is based on aggregate statistics of airport usage within the jurisdiction of the East Japan Civil Aviation Bureau (monthly version), available on the website of the East Japan Civil Aviation Bureau of the Ministry of Land, Infrastructure, Transport and Tourism.
Targets are based on quarterly conversion of passenger assumptions in the Medium-Term Management Plan (May 2022)
: Domestic = 2019 calendar results; International = post-slot expansion.
Airport
FY2025
Q3
FY2024
Q3
Rate of
change (％)
Revised
forecast Achievement
1H rate (％)
3
Q3 was limited
FY2025 Q3 | FY2024 Q3 | Rate of change (％) | Revised forecast 1H | Achievement rate (％) | |
5,049 | 4,881 | 3.4 | 5,031 | 100.3 | |
1,844 | 1,703 | 8.3 | 1,830 | 100.8 | |
6,893 | 6,585 | 4.7 | 6,862 | 100.5 | |
Target Number | Achievement rate (％) |
5,240 | 96.4 |
1,930 | 95.6 |
7,170 | 96.2 |
Narita | 2,620 | 2,450 | 6.9 | 2,617 | 100.1 |
Kansai | 2,085 | 1,841 | 13.3 | 2,090 | 99.8 |
Chubu Centrair | 403 | 354 | 13.7 | 405 | 99.3 |
Consolidated Results for the Third Quarter of FY2025
Number of Passengers
Sales continued from the 1H of the year, with a significant increase in the facility management segment due to an increase in the number of passengers and the revision of the domestic PSFC
Due to cost control, operating profit in the Q3 was higher than both the previous year and the revised forecast
Q1-Q3
Q3
(Unit: Billion yen)
FY2025 3Q
FY2024 3Q
Change
Change of Rate(%)
FY2025 3Q
FY2024 3Q
Change of Rate(%)
Operating revenues
217.1
201.5
15.5
7.7%
75.5 69.8
8.3%
Facilities management
88.2
78.6
9.6
12.3%
30.4 27.4
10.9%
Merchandise sales
115.1
110.4
4.7
4.3%
40.3 38.0
5.9%
Food and beverage
13.6
12.4
1.2
9.7%
4.8 4.2
12.9%
Operating profit
35.5
32.0
3.5
11.1%
14.1 10.9
29.2%
Ordinary profit
34.3
30.8
3.5
11.4%
13.9 10.4
33.2%
Net profit attributable to
owners of parent
22.2
18.7
3.4
18.6%
8.8
6.7
30.6%
4
Consolidated Results for the Third Quarter of FY2025
Consolidated Financial Results Overview
Operating profit increased due to strong passenger numbers and the effect of price revisions in the Facility management segment
Cogs increased due to the expansion of the share of wholesale in the Merchandise sales segment
Secure increased profits amid increased fixed costs such as labor costs, land use fee,
depreciation, and outsourcing costs.
Unit: Billion yen
Operating revenues
15.5
Cost of sales
▲3.9
Labor cost
▲1.5
Taxes and dues, land use fee, | FY2025 Q3 35.5 | ||
Depreciation ▲2.9 | Other cost ▲3.6 |
FY2024 Q3
32.0
Operating revenues
Facility user charges revenues ↑ Parking lot/lounge income, etc. ↑ wholesale sales ↑
Operating expenses
Labor costs ↑
Land use fee, Depreciation ↑
－Terminal 2 Satellite-Main Building Connection
Other expenses ↑
-Outsourcing costs, etc.
5
Consolidated Results for the Third Quarter of FY2025
Operating Profit Breakdown