2019_2q_anahd_e

3/23 － Outline of Financial Results FY2018 Second Quarter

◎I will start with a summary of the financial results for the first half of fiscal 2018. ◎In the Air Transportation Business, our success in capturing steady demand in International Passengers and Cargo Businesses drove top-line growth. Operating revenues increased by 5.4 percent from the previous year to 1,038.0 billion yen, representing two consecutive years of record high revenues. ◎Operating income was 105.2 billion yen. Income decreased year on year by 8.6 percent but earnings transitioned above our original plan. ◎The graph on the right shows transitions in first half revenues and operating income for the past five years.　As you can see, for the first time we surpassed revenues of 1 trillion yen. We also exceeded operating income of 100 billion yen and an operating income margin above 10 percent. Compared to FY2014 when we started the expansion of the International Business at Haneda Airport, revenues increased by 20 percent. ◎Please turn to Page 5.