Japan Airport Terminal Co targets USD263m EBITDA, 61.5m pax by FY2015; USD333m investment

Japan Airport Terminal Co, operator of Tokyo Haneda Airport, released (08-May-2013) its medium-term management plan for FY2013 to FY2015, which outlines its "steady response to new environmental changes and further capacity expansion and internationalisation of Tokyo Haneda Airport". Details are as follows:

• Investment plan: Total investment of JPY26,000 million (USD333.3 million);
  • In response to the internationalisation of Tokyo Haneda: JPY1500 million (USD19.2 million) in FY2013;
  • Security: JPY10,000 million (USD128.2 million) between FY2013 and FY2015;
  • New airport value creation: JPY9000 million (USD115.4 million) between FY2013 and FY2015;
  • Building 2 IV plan: JPY2700 million (USD34.6 million) in FY2013;
  • Others: JPY2800 million (USD35.9 million) between FY2013 to FY2015.
• Goals:
  • Share return: Dividend of JPY13 or more;
  • Financial position: Continue to maintain equity ratio above 50%;
  • Tokyo Haneda passenger numbers:
    • FY2013: 60.3 million;
    • FY2014: 60.9 million;
    • FY2015: 61.5 million;
  • EBITDA:
    • FY2013: JPY17,700 million (USD226.9 million);
    • FY2014: JPY19,000 million (USD243.6 million);
    • FY2015: JPY20,500 million (USD262.8 million). [more - original PR - Japanese]