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Japan Airport Terminal, 5% Increase in Ordinary Profit, Update Record High for Fourth Consecutive Term, Increased Previous Year's Dividend by 5 Yen, Plan to Continue the 95 Yen Policy This Fiscal Year as Well
9706 Japan Airport Terminal Co.,Ltd. 【J-GAAP】
Earnings ReportJapan Airport Terminal Co.,Ltd. <9706> [TSE Prime] announced its financial results after the market closed on May 8th (16:30). The consolidated ordinary profit for the fiscal year ended March 2026 increased by 22.3% from the previous period to 43.7 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to grow by 4.8% to 45.8 billion yen, marking the fourth consecutive term of record-high profits. This will be the sixth consecutive term of revenue and the third consecutive term of profit growth.
At the same time, the company increased the annual dividend for the previous term from 90 yen to 95 yen (compared to 90 yen in the prior term), and has decided to continue with a dividend of 95 yen for the current term as well.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit increased 90.8% from the same period last year, reaching 9.38 billion yen. The operating profit margin significantly improved from 9.5% in the same period last year to 13.0%.
Kabutan News
Actual Results
| 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 | 289,823 | 45,043 | 43,704 | 29,139 | 314.0 | 95 | May 8, 2026 | J-GAAP |
| YoY | +7.4% | +16.8% | +22.3% | +6.1% | +6.2% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Guidance | 288,300 | 41,500 | 39,900 | 25,400 | 273.6 | 90 | Nov 7, 2025 | J-GAAP |
| Mar, 2026 Results | 289,823 | 45,043 | 43,704 | 29,139 | 314.0 | 95 | May 8, 2026 | J-GAAP |
| Revision Rate | +0.5% | +8.5% | +9.5% | +14.7% | +14.7% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 141,544 | 21,446 | 20,369 | 13,401 | 144.4 | 45 | Nov 7, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 145,000 | 23,300 | 23,800 | 15,000 | 161.6 | 48 | May 8, 2026 | J-GAAP |
| YoY | +2.4% | +8.6% | +16.8% | +11.9% | +11.9% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 269,923 | 38,557 | 35,723 | 27,470 | 295.6 | 90 | May 9, 2025 | J-GAAP |
| Mar, 2026 | 289,823 | 45,043 | 43,704 | 29,139 | 314.0 | 95 | May 8, 2026 | J-GAAP |
| Mar, 2027 Guidance | 296,700 | 45,600 | 45,800 | 24,200 | 260.7 | 95 | May 8, 2026 | J-GAAP |
| YoY | +2.4% | +1.2% | +4.8% | -16.9% | -17.0% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Oct - Dec, 2025 | 75,595 | 14,136 | 13,946 | 8,839 | 95.2 | 18.7 | Feb 4, 2026 | J-GAAP |
| Jan - Mar, 2026 | 72,684 | 9,461 | 9,389 | 6,899 | 74.3 | 13.0 | May 8, 2026 | J-GAAP |
| YoY | +6.3% | +45.0% | +90.8% | -20.8% | -20.7% |
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