9706
Japan Airport Terminal Co.,Ltd.
日本空港ビルデング株式会社
Industrials · Airports & Air Services
Japan Airport Terminal Co., Ltd. primarily engages in the management of passenger terminal buildings in Japan. It operates through three segments: Facilities Management, Merchandise Sales, and Food and Beverage. The company constructs, manages, and operates domestic passenger terminal buildings; rents offices, stores, and other facilities to airline companies and airport concessionaires; and operates and manages parking lots. In addition, it is involved in the merchandise sale at stores in domestic and international terminals, including stores in the lobby; and provision of airport passenger, travel insurance agency, and hotel reservation services, as well as rental of halls and conference rooms. Further, the company engages in the sale of international and domestic travel, and transport and events tickets; and management and operation of Haneda Airport Wharf. Additionally, it is involved in the commissioned activities, including facility maintenance and management, duty-free shop operation, services for travelers, etc.; wholesale of duty-free goods; and merchandise and commissioned sale. Furthermore, the company operates restaurants; and produces and sells in-flight meals. Japan Airport Terminal Co., Ltd. was incorporated in 1953 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
—
¥269.9B
¥217.6B
¥113.0B
¥57.1B
Cost of Sales
¥100.9B
¥96.4B
¥72.9B
¥29.1B
¥10.6B
SG&A
¥143.8B
¥135.0B
¥115.2B
¥94.5B
¥87.7B
Operating Income
¥45.0B
¥38.6B
¥29.5B
¥-10.6B
¥-41.3B
Non-Operating Income
¥3.8B
¥2.7B
¥1.4B
¥1.9B
¥3.7B
Dividend Income
—
¥464M
¥164M
¥64M
¥62M
Interest Income
—
¥119M
¥65M
¥21M
¥23M
Non-Operating Expenses
—
¥5.5B
¥3.7B
¥3.4B
¥6.3B
Interest Expense
—
¥3.4B
¥2.9B
¥3.0B
¥2.7B
Ordinary Income
¥43.7B
¥35.7B
¥27.2B
¥-12.1B
¥-43.9B
Pre-tax Income
¥43.4B
¥35.2B
¥27.0B
¥-12.4B
¥-43.6B
Income Taxes
¥5.7B
¥-5.5B
¥1.0B
¥3.3B
¥-1.9B
Current Tax
—
¥6.6B
¥4.9B
¥1.7B
¥7M
Deferred Tax
—
¥-12.1B
¥-3.9B
¥1.6B
¥-1.9B
Net Income (owners)
¥29.1B
¥27.5B
¥19.3B
¥-3.9B
¥-25.2B
Minority Interest
—
¥13.2B
¥6.7B
¥-11.8B
¥-16.4B
Comprehensive Income
—
¥41.4B
¥28.9B
¥-15.1B
¥-39.5B
EBITDA
¥74.8B
¥66.8B
¥57.8B
¥18.4B
¥-9.5B
EPS
¥313.95
¥295.61
¥206.75
¥-41.89
¥-270.75
Shares Outstanding
—
93.0M
93.0M
93.1M
93.1M
Shares Issued (total)
—
93.1M
93.1M
93.1M
93.1M
Treasury Shares
—
0.1M
0.1M
0.1M
0.1M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥492.0B
¥470.0B
¥460.4B
¥447.0B
¥463.9B
Current Assets
¥143.4B
¥130.9B
¥120.8B
¥115.0B
¥113.9B
Cash & Deposits
¥96.9B
¥85.9B
¥65.4B
¥63.7B
¥57.1B
Trade Receivables
—
¥27.4B
¥22.9B
¥15.3B
¥5.4B
Non-Current Assets
¥348.5B
¥339.0B
¥339.7B
¥332.0B
¥350.0B
PP&E
¥271.7B
¥268.2B
¥269.9B
¥266.1B
¥279.9B
Intangible Assets
—
¥30.6B
¥31.2B
¥31.8B
¥34.4B
Investment Securities
¥27.9B
¥22.8B
¥22.2B
¥17.3B
¥18.3B
Deferred Tax Assets
—
¥11.6B
¥10.9B
¥12.2B
¥12.9B
Total Liabilities
¥262.1B
¥271.6B
¥294.4B
¥306.0B
¥307.9B
Current Liabilities
¥73.0B
¥69.1B
¥70.6B
¥49.1B
¥36.8B
ST Debt
¥14.9B
¥14.4B
¥16.6B
¥15.7B
¥15.6B
Taxes Payable
—
¥4.6B
¥4.6B
¥2.2B
¥483M
Non-Current Liabilities
¥189.1B
¥202.6B
¥223.8B
¥256.9B
¥271.0B
Total LT Borrowings
¥179.3B
¥191.4B
¥200.4B
¥227.0B
¥239.4B
Pension Obligations
—
¥4.6B
¥4.2B
¥4.6B
¥4.8B
Deferred Tax Liab.
—
¥518M
¥11.9B
¥16.3B
¥15.7B
Total Equity
¥229.9B
¥198.3B
¥166.0B
¥141.0B
¥156.0B
Capital Stock
—
¥38.1B
¥38.1B
¥38.1B
¥38.1B
Capital Surplus
—
¥54.1B
¥54.2B
¥54.2B
¥54.2B
Retained Earnings
¥112.5B
¥92.7B
¥72.4B
¥56.9B
¥60.8B
Treasury Stock
—
¥-1.7B
¥-13M
¥-10M
¥-9M
AOCI
—
¥4.1B
¥3.5B
¥1.1B
¥1.1B
Equity (owners)
¥203.2B
¥183.2B
¥164.7B
¥149.2B
¥153.1B
Minority Interests
—
¥11.0B
¥-2.1B
¥-9.3B
¥1.8B
Total Interest-Bearing Debt ⓘ
¥194.2B
¥205.7B
¥217.0B
¥242.7B
¥255.1B
Net Cash ⓘ
¥-97.3B
¥-119.8B
¥-151.6B
¥-178.9B
¥-197.9B
NCAV ⓘ
¥-118.7B
¥-140.7B
¥-173.6B
¥-191.0B
¥-194.0B
NCAV/Share
—
¥-1,512
¥-1,866
¥-2,053
¥-2,085
BV/Share
—
¥1,969
¥1,770
¥1,604
¥1,645
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥71.6B
¥53.8B
¥47.8B
¥16.3B
¥-9.3B
Taxes Paid
—
¥-6.6B
¥-2.6B
¥-9M
¥783M
Interest Paid
—
¥-2.3B
¥-3.3B
¥-2.9B
¥-2.9B
Interest Received
—
¥806M
¥354M
¥123M
¥73M
D&A
¥29.8B
¥28.2B
¥28.2B
¥29.0B
¥31.8B
Investing CF
¥-39.4B
¥-12.8B
¥-43.0B
¥-10.6B
¥-4.9B
CapEx
¥36.1B
¥18.4B
¥27.7B
¥9.9B
¥5.1B
Purchase Investments
—
¥-1.1B
¥-3.4B
¥-500M
¥-1.0B
Proceeds from Invest.
—
—
—
¥324M
¥345M
Financing CF
¥-21.2B
¥-30.5B
¥-19.6B
¥-12.6B
¥-9.0B
Dividends Paid
—
¥-7.2B
¥-3.8B
—
—
Share Buybacks
—
¥-1.6B
—
—
—
LT Debt Repaid
—
¥-22.9B
¥-16.3B
¥-12.8B
¥-13.9B
Free Cash Flow
¥35.4B
¥35.4B
¥20.1B
¥6.5B
¥-14.4B
Net Change in Cash
—
¥10.5B
¥-14.8B
¥-6.9B
¥-23.2B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
13.6%
15.4%
12.1%
-2.6%
-16.2%
ROA
6.1%
5.9%
4.2%
-0.9%
-5.4%
EPS
¥313.95
¥295.61
¥206.75
¥-41.89
¥-270.75
DPS
¥45.00
¥90.00
¥67.00
¥16.00
—
BPS
¥2,265.71
¥2,019.12
¥1,805.67
¥1,613.62
¥1,655.32
FCF/Share
—
¥380
¥216
¥70
¥-155
NCAV/Share
—
¥-1,512
¥-1,866
¥-2,053
¥-2,085
Payout Ratio
14.3%
30.4%
32.4%
—
—
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 8
Date Activist Stake Event Flag Demands Source
2025-10-07
Mizuho Bank, Ltd.
5.19%
change
Passive
—
2025-02-19
BlackRock Japan Co., Ltd.
7.35%
+1.01%
change
Passive
—
2025-01-20
BlackRock Japan Co., Ltd.
6.34%
+1.0%
change
Passive
—
2025-01-10
Mitsubishi UFJ Financial Group Inc.
7.56%
+1.08%
change
Passive
—
2024-07-29
Mitsubishi UFJ Financial Group Inc.
6.48%
+0.15%
change
Passive
—
2024-07-01
Mitsubishi UFJ Financial Group Inc.
6.33%
change
Passive
—
2024-06-06
BlackRock Japan Co., Ltd.
5.34%
initial_5pct
Passive
—
2023-06-22
Capital Research and Management Company
4.63%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-08
16:30
Div Increase
¥4.7B ¥50.0/sh
日本空港ビルディング (Nippon Airport Terminal Building Co., Ltd.) announced a dividend increase for fiscal year ending March 31, 2…
Summary
日本空港ビルディング (Nippon Airport Terminal Building Co., Ltd.) announced a dividend increase for fiscal year ending March 31, 2026. The board resolved on May 8, 2026 to pay a year-end dividend of ¥50 per share (up ¥5 from the prior forecast), bringing total annual dividends to ¥95 per share when combined with the interim dividend of ¥45. The total dividend payout is ¥4,656 million, sourced from retained earnings and reflecting management's commitment to stable, performance-linked shareholder returns while maintaining Terminal reserves for major capital investments related to Haneda Airport expansion.
Deadline: 2026-06-26
Source (JP)
当期の期末配当金につきましては、上記の配当方針及び業績等を総合的に勘案した結果、前回予想から1株当たり5円増配し、50円とすることとしました。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
9,070
9.73%
2
Japan Airlines Co., Ltd.
日本航空株式会社
4,398
4.72%
3
ANA HOLDINGSINC.
ANAホールディングス株式会社
4,398
4.72%
4
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(三井住友信託銀行再信託分・京浜急行電鉄株式会社退職給付信託口)
3,484
3.74%
5
Mizuho Bank
株式会社みずほ銀行
3,300
3.54%
6
State Street Bank and Trust Company
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
3,254
3.49%
7
Mitsubishi Estate Company, Limited
三菱地所株式会社
3,111
3.34%
8
MUFG Bank
株式会社三菱UFJ銀行
3,068
3.29%
9
taisei corporation
大成建設株式会社
2,731
2.93%
10
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
2,489
2.67%
Domestic Nominees
16.1%
-0.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.5%
+0.1% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
22.5%
+0.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
10.24%
9.99%
9.73%
-0.26%
Japan Custody Bank
日本カストディ銀行
7.26%
6.76%
6.41%
-0.35%
ANA HOLDINGSINC.
ANAホールディングス
4.72%
4.72%
4.72%
Japan Airlines Co., Ltd.
日本航空
4.72%
4.72%
4.72%
Mizuho Bank
みずほ銀行
3.54%
3.54%
3.54%
State Street
5.87%
3.40%
3.49%
+0.09%
Mitsubishi Estate Company, Limited
三菱地所
3.34%
3.34%
3.34%
MUFG Bank
三菱UFJ銀行
3.65%
3.29%
3.29%
taisei corporation
大成建設
3.03%
2.93%
2.93%
Concentration (HHI)
ⓘ
283
245
236
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥7,180M
+42% since 2023
Holdings
10
+2 new
1 exited
Trend
2 building
vs 2023
Held Company
FY2025
¥7,180M total
FY2023
¥5,068M total
Book Val ¥M
Shares
Book Val ¥M
Shares
ANA HOLDINGSINC.
ANAホールディングス㈱
1,913
+8.8%
↑
693,395
1,832
637,158
M
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
1,426
NEW
New
255,000
—
M
Japan Airlines Co., Ltd.
日本航空㈱
1,349
528,000
1,363
528,000
M
Keikyu Corporation
京浜急行電鉄㈱
968
640,000
805
640,000
M
East Japan Railway Company
東日本旅客鉄道㈱ (注)2
692
NEW
New
234,600
—
M
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
410
+3.3%
↑
101,341
184
98,116
M
BIC CAMERA INC.
㈱ビックカメラ
143
92,000
102
92,000
M
SAN-AI OBBLI CO.,LTD
三愛オブリ㈱
128
74,418
102
74,418
M
AIRPORT FACILITIES Co.,LTD.
空港施設㈱
89
146,410
80
146,410
M
SAPPORO HOLDINGS LIMITED
サッポロホールディングス㈱
62
8,200
27
8,200
M
East Japan Railway Company
東日本旅客鉄道㈱
—
−100%
Exit
—
573
78,200
M
Portfolio total
7,180
5,068
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding