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Japan Airport Terminal, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 4%, Raises Record High Profit Forecast

Fri Nov 7, 2025 4:30 pm JST Earnings

9706 Japan Airport Terminal Co.,Ltd. 【J-GAAP】

Earnings Report

Japan Airport Terminal Co.,Ltd. <9706> [TSE Prime] announced its financial results after the market closed on November 7th (16:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 20.3 billion yen, a 0.2% increase compared to the same period last year, resulting in an increase in profits compared to the previous forecast of a 4.6% decrease.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 3.6%, from the previous forecast of 38.5 billion yen to 39.9 billion yen (compared to 35.7 billion yen in the previous period), increasing the growth rate from 7.8% to 11.7%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow 26.9% from the same period last year, reaching 19.5 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 8.9% from the same period last year, reaching 10.4 billion yen. The operating profit margin rose from 15.3% in the same period last year to 15.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 100,148 13,508 12,481 8,234 88.4 45.8 Nov 8, 2023 J-GAAP
Apr - Sep, 2024 131,752 21,093 20,331 11,990 128.9 56.9 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 141,544 21,446 20,369 13,401 144.4 51.1 Nov 7, 2025 J-GAAP
YoY +7.4% +1.7% +0.2% +11.8% +12.1%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 148,600 20,400 19,400 12,600 135.8 45 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 141,544 21,446 20,369 13,401 144.4 45 Nov 7, 2025 J-GAAP
Revision Rate -4.7% +5.1% +5.0% +6.4% +6.4%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 300,000 40,500 38,500 24,500 263.9 90 May 9, 2025 J-GAAP
Mar, 2026 New 288,300 41,500 39,900 25,400 273.6 90 Nov 7, 2025 J-GAAP
Revision Rate -3.9% +2.5% +3.6% +3.7% +3.7%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 138,171 17,464 15,392 15,480 166.6 55 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 146,756 20,054 19,531 11,999 129.3 45 Nov 7, 2025 J-GAAP
YoY +6.2% +14.8% +26.9% -22.5% -22.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 217,578 29,527 27,225 19,255 206.8 67 May 10, 2024 J-GAAP
Mar, 2025 269,923 38,557 35,723 27,470 295.6 90 May 9, 2025 J-GAAP
Mar, 2026 Guidance 288,300 41,500 39,900 25,400 273.6 90 Nov 7, 2025 J-GAAP
YoY +6.8% +7.6% +11.7% -7.5% -7.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 66,415 10,167 9,619 5,859 63.0 15.3 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 69,801 10,937 10,470 6,767 72.8 15.7 Feb 5, 2025 J-GAAP
Jan - Mar, 2025 68,370 6,527 4,922 8,713 93.8 9.5 May 9, 2025 J-GAAP
Apr - Jun, 2025 68,997 10,204 9,897 6,264 67.5 14.8 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 72,547 11,242 10,472 7,137 76.9 15.5 Nov 7, 2025 J-GAAP
YoY +9.2% +10.6% +8.9% +21.8% +22.1%

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