Japan Airport Terminal Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half of Fiscal Year 2017 and Full Year Ending March 31, 2017; Declares Dividend for the Year Ended March 31, 2016, Payable on June 30, 2016; Provides Dividend Guidance for the Second Quarter of Fiscal Year 2017 and Full Year Ended March 31, 2017
June 24, 2016 at 04:27 am EDT
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Japan Airport Terminal Co., Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported operating revenues of JPY 204,134 million compared to JPY 173,505 million a year ago. Operating income was JPY 11,302 million compared to JPY 9,888 million a year ago. Ordinary income was JPY 13,654 million compared to JPY 11,849 million a year ago. Net income attributable to owners of the parent was JPY 8,870 million or JPY 104.21 per diluted share compared to JPY 6,648 million or JPY 81.56 per share a year ago. Income before income taxes and minority interests was JPY 13,459 million compared to JPY 11,519 million a year ago. Return on equity was 7.9% against 6.3% a year ago. Net cash flows from operating activities were JPY 15,235 million compared to JPY 19,520 million a year ago. Purchase of tangible fixed assets was JPY 6,734 million compared to JPY 3,677 million a year ago. Purchase of intangible fixed assets was JPY 649 million compared to JPY 281 million a year ago.
For the year, on non-consolidated basis, the company reported operating revenues of JPY 165,564 million compared to JPY 141,024 million a year ago. Operating income was JPY 8,532 million compared to JPY 6,826 million a year ago. Ordinary income was JPY 9,538 million compared to JPY 7,691 million a year ago. Net income was JPY 4,703 million or JPY 55.16 per diluted share compared to JPY 4,315 million or JPY 52.95 per diluted share a year ago.
For the half year of fiscal year 2017, on consolidated basis, the company expects operating revenues of JPY 107,400 million, operating income of JPY 6,300 million, ordinary income of JPY 7,800 million, net income attributable to owners of the parent of JPY 5,600 million or JPY 68.94 per share.
For the full year ending March 31, 2017, on consolidated basis, the company expects operating revenues of JPY 221,000 million, operating income of JPY 12,900 million, ordinary income of JPY 15,600 million, net income attributable to owners of the parent of JPY 11,100 million or JPY 136.65 per share.
For the half year of fiscal year 2017, on non-consolidated, the company expects operating revenues of JPY 84,100 million, operating income of JPY 4,500 million, net income of JPY 3,100 million or JPY 38.16 per share.
For the full year ending March 31, 2017, on non-consolidated basis, the company expects operating revenues of JPY 173,900 million, operating income of JPY 9,500 million, net income of JPY 6,500 million or JPY 80.02 per share.
For the year ended March 31, 2016, the company declared dividend of JPY 18.00 per share against JPY 12.00 per share a year ago. The dividend is payable on June 30, 2016.
For the second quarter of fiscal year 2017, the company expects dividend of JPY 18.00 per share against JPY 15.00 per share announced a year ago.
For the year end of fiscal year ending March 31, 2017, the company expects dividend of JPY 18.00 per share against JPY 18.00 per share announced a year ago.
Japan Airport Terminal Co., Ltd. is a Japan-based company principally involved in the management and operation of Haneda airport terminal building, as well as the distribution of merchandise and catering businesses. The Company operates in three business segments. The Facility Management and Operation segment is engaged in the management and operation of facilities within the Haneda airport terminal building. The segment is mainly engaged in the lease of facilities to airline companies. The Merchandise Sale segment is primarily engaged in the sale of commercial products to air travelers in Haneda Airport, Narita Airport, Kansai International Airport, as well as the wholesale of commercial products to airport terminal companies. The Catering segment is engaged in the provision of food and beverage products to passengers of Haneda Airport and Narita International Airport, as well as the manufacture and sale of in-flight food and frozen food.
Japan Airport Terminal Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2016; Provides Consolidated and Non-Consolidated Earnings Guidance for the First Half of Fiscal Year 2017 and Full Year Ending March 31, 2017; Declares Dividend for the Year Ended March 31, 2016, Payable on June 30, 2016; Provides Dividend Guidance for the Second Quarter of Fiscal Year 2017 and Full Year Ended March 31, 2017