Japan Airport Terminal Co., Ltd. (JAIRF)

Japan Airport Terminal Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	206,142	184,178	145,272	69,327	35,525	34,287
Other Revenue	73,573	85,745	72,306	43,723	21,532	18,285
Revenue	279,715	269,923	217,578	113,050	57,057	52,572
Revenue Growth (YoY)	12.25%	24.06%	92.46%	98.13%	8.53%	-78.95%
Cost of Revenue	99,292	96,397	72,874	29,085	10,604	15,097
Gross Profit	180,423	173,526	144,704	83,965	46,453	37,475
Selling, General & Admin	127,198	106,842	87,005	65,589	55,994	62,185
Operating Expenses	141,512	134,969	115,176	94,543	87,709	96,495
Operating Income	38,911	38,557	29,528	-10,578	-41,256	-59,020
Interest Expense	-3,661	-3,401	-2,942	-2,991	-2,744	-2,289
Interest & Investment Income	726	583	229	85	85	2,660
Earnings From Equity Investments	1,009	998	187	133	-1,611	-1,652
Other Non Operating Income (Expenses)	-160	288	655	1,563	1,976	3,820
EBT Excluding Unusual Items	36,825	37,025	27,657	-11,788	-43,550	-56,481
Gain (Loss) on Sale of Investments	-98	-598	-221	-79	269	3,504
Gain (Loss) on Sale of Assets	-1,115	-1,302	-433	-276	-310	-828
Asset Writedown	-11	-95	-104	-296	-1,388	-6,485
Other Unusual Items	133	153	117	56	1,422	5,471
Pretax Income	35,734	35,183	27,016	-12,383	-43,557	-54,819
Income Tax Expense	-5,326	-5,465	1,040	3,304	-1,939	1,140
Earnings From Continuing Operations	41,060	40,648	25,976	-15,687	-41,618	-55,959
Minority Interest in Earnings	-12,179	-13,178	-6,721	11,786	16,401	19,381
Net Income	28,881	27,470	19,255	-3,901	-25,217	-36,578
Net Income to Common	28,881	27,470	19,255	-3,901	-25,217	-36,578
Net Income Growth	25.51%	42.66%	-	-	-	-
Shares Outstanding (Basic)	93	93	93	93	93	82
Shares Outstanding (Diluted)	93	93	93	93	93	82
Shares Change (YoY)	-0.31%	-0.22%	-	-	13.54%	-1.34%
EPS (Basic)	311.20	295.60	206.74	-41.88	-270.75	-445.92
EPS (Diluted)	311.20	295.60	206.74	-41.88	-270.75	-445.92
EPS Growth	25.90%	42.98%	-	-	-	-
Free Cash Flow	-	35,394	20,099	6,469	-14,443	-36,400
Free Cash Flow Per Share	-	380.87	215.80	69.46	-155.07	-443.75
Dividend Per Share	55.000	90.000	62.000	16.000	-	-
Dividend Growth	-23.61%	45.16%	287.50%	-	-	-
Gross Margin	64.50%	64.29%	66.51%	74.27%	81.42%	71.28%
Operating Margin	13.91%	14.28%	13.57%	-9.36%	-72.31%	-112.26%
Profit Margin	10.32%	10.18%	8.85%	-3.45%	-44.20%	-69.58%
Free Cash Flow Margin	-	13.11%	9.24%	5.72%	-25.31%	-69.24%
EBITDA	67,359	66,752	57,760	18,444	-9,462	-24,617
EBITDA Margin	24.08%	24.73%	26.55%	16.31%	-16.58%	-46.83%
D&A For EBITDA	28,448	28,195	28,232	29,022	31,794	34,403
EBIT	38,911	38,557	29,528	-10,578	-41,256	-59,020
EBIT Margin	13.91%	14.28%	13.57%	-9.36%	-72.31%	-112.26%
Effective Tax Rate	-	-	3.85%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.