Message from President

We truly appreciate your continued understanding and support of our business operations.

In the previous fiscal year, restrictions on behavior related to new coronavirus infections have been fully lifted, and society, as a whole, has become more normalized. The number of foreign visitors to Japan continues to increase significantly. Passenger volume on international flights at Haneda Airport has exceeded pre-COVID levels and reached a record high due to strong inbound demand. Operating revenues were higher than the previous year in all segments due to an increase in merchandise sales and facility user fee revenues, driven by a recovery in passenger volume and strong inbound demand. Not only did we return to profitability for the first time in four fiscal years, but operating income and ordinary income have just reached record highs. We have set the annual dividend at JPY67 yen per share, including a commemorative dividend of JPY5 per share for the 70th anniversary of the Company's founding.

For the current fiscal year, we expect the inflationary trend to continue as the synergy between wages and prices strengthens and the JPY tends to weaken. In the previous fiscal year, we felt that we had to deal with various operational issues in response to the rapid increase in the number of international passengers, but this fiscal year, while the pace of passenger growth is slowing down, we will work to expand our services and improve quality.
In the Facility management segment, in order to achieve both high quality and higher profits, we will continue to utilize robots and other technologies and review operations to curb increases in maintenance and management costs, while reorganizing and improving loan parcels, revitalizing commercial areas, and attracting office space, thereby increasing rent and other revenues .In addition, we will promote the use of DX to understand data on human flow in the building and promote the enhancement of its function as an airport infrastructure.
In the Merchandise sales and Food and beverage segments, we will continue to attract new brands in duty-free areas, renovate stores by relocating existing brands, and develop original products and services in tie-ups with brands to capture inbound demand, and in domestic flights, we will expand the development of high-priced products and reduce manpower in-store operations. In addition, we will steadily implement environmental improvements such as the installation of robotic warehouses, the use of RFID tags, and the development of a core system for our directly managed e-commerce site and develop our business in a way that will help us secure future sales.

We look forward to the continued support of shareholders and investors in the future.

Nobuaki Yokota
President and COO
July 2024