Message from President

　We would like to express our sincere gratitude to our shareholders and investors for your continued support and consideration.

　uring the period of the previous medium-term management plan, we have continued to review our operations by applying the lessons learned during the COVID-19 pandemic. While responding to changes in the external environment, we steadily captured the rapidly recovering inbound demand and enhanced our resilience in terms of both costs and earnings. As a result, we achieved ahead of schedule targets such as profit attributable to owners of parent and ROA (EBITDA), and the equity ratio exceeded 40%. Through these achievements, we have established a solid financial foundation to support our next phase of growth investment and corporate transformation.
　At the same time, as Haneda Airport’s takeoff and landing capacity approaches its upper limit, structural constraints are beginning to emerge with respect to expanding earnings simply by extending our conventional business model. To achieve sustainable growth going forward, we believe it is necessary not only to deepen our existing business areas, but also to shift our approach toward creating demand itself and to transition to a new growth model.

　Under the new medium-term business plan covering fiscal 2026 through fiscal 2030, we aim to make this a period in which the very role of our Group evolves. By accumulating qualitative growth under stable demand and strengthening our ability to generate cash flow, we will proactively contribute to the creation of aviation demand across Japan as a whole.
　Our vision for 2030 is to be the “Anchor at Haneda Airport,” trusted by all stakeholders. To realize this vision, we have set the enhancement of cash flow generation capabilities and the strengthening of our ability to lead stakeholders as our key directions. To embody these directions, we have established three core strategic pillars: “Efficiency,” “Added Value,” and “Co-creation.” By accumulating qualitative growth in which operating income grows more than operating revenue, We will strengthen our earning power and thereby improve ROE and EPS.
　At the same time, we regard the enhancement of shareholder returns as an important management priority. We have set a target total return ratio of 50% or more, combining stable dividends and share buybacks, on a five-year average basis through fiscal 2030, and will seek to balance growth investment with profit returns.

　We respectfully ask for your continued support.

June 2026　Kazuhito Tanaka, President and Representative Director