Japan Airport Terminal Co Ltd (JP:9706)
:9706
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Japan Airport Terminal Co
(9706)
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Rating:63Neutral
Price Target:
¥5,427.00
▲(9.77% Upside)
Action:DowngradedDate:05/10/26
The score is primarily supported by the post-2023 earnings and cash flow rebound and a reasonable P/E with a modest dividend yield. These positives are tempered by still-meaningful leverage and currently weak-to-neutral technical momentum (price below key short-term averages and negative MACD).
Positive Factors
Cash generation
Substantial operating cash flow (~¥71.6B) and positive free cash flow (~¥34.9B) indicate the business now converts earnings into real cash. This strengthens the company's ability to fund terminal upkeep, commercial investments and dividends, and to service or reduce debt over the next several quarters.
Negative Factors
Meaningful leverage
Although leverage has declined, a debt-to-equity near 0.93 remains substantial for an infrastructure-linked, cyclical operator. Interest and principal obligations constrain balance sheet flexibility, limiting the company’s ability to pursue large CAPEX, acquisitions, or absorb revenue shocks without raising additional capital or cutting distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Substantial operating cash flow (~¥71.6B) and positive free cash flow (~¥34.9B) indicate the business now converts earnings into real cash. This strengthens the company's ability to fund terminal upkeep, commercial investments and dividends, and to service or reduce debt over the next several quarters.
Read all positive factors
Japan Airport Terminal Co (9706) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥474.62B
Dividend Yield2.25%
Average Volume (3M)295.37K
Price to Earnings (P/E)16.4
Beta (1Y)0.84
Revenue Growth7.37%
EPS Growth6.19%
CountryJP
Employees2,660
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)297.33
Shares Outstanding93,145,400
10 Day Avg. Volume290,670
30 Day Avg. Volume295,370
Financial Highlights & Ratios
PEG Ratio2.65
Price to Book (P/B)2.28
Price to Sales (P/S)1.65
P/FCF Ratio13.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)261.41
Revenue Forecast (FY)¥303.63B
Japan Airport Terminal Co Business Overview & Revenue Model
Company Description
Japan Airport Terminal Co., Ltd. primarily engages in the management of passenger terminal buildings in Japan. It operates through three segments: Facilities Management, Merchandise Sales, and Food and Beverage. The company constructs, manages, an...
How the Company Makes Money
The company primarily makes money by monetizing airport terminal real estate and passenger traffic at Haneda Airport. Key revenue streams include: (1) Facility leasing and usage-related income: it leases space in terminal buildings to airlines, re...
Japan Airport Terminal Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
66
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 273.58B | 289.82B | 269.92B | 217.58B | 113.05B | 57.06B |
| Gross Profit | 176.11B | 159.10B | 173.53B | 144.70B | 83.97B | 46.45B |
| EBITDA | 66.43B | 74.84B | 66.78B | 58.19B | 19.63B | -9.02B |
| Net Income | 27.60B | 29.14B | 27.47B | 19.25B | -3.90B | -25.22B |
Balance Sheet | ||||||
| Total Assets | 473.65B | 491.97B | 469.95B | 460.42B | 446.95B | 463.88B |
| Cash, Cash Equivalents and Short-Term Investments | 82.86B | 96.89B | 85.91B | 85.39B | 90.24B | 97.13B |
| Total Debt | 204.14B | 194.94B | 206.83B | 228.28B | 244.30B | 256.66B |
| Total Liabilities | 271.73B | 262.08B | 271.60B | 294.38B | 306.00B | 307.87B |
| Stockholders Equity | 189.06B | 210.31B | 187.38B | 168.17B | 150.29B | 154.17B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 34.87B | 34.92B | 19.80B | 6.47B | -14.44B |
| Operating Cash Flow | 0.00 | 71.57B | 53.81B | 47.76B | 16.33B | -9.30B |
| Investing Cash Flow | 0.00 | -39.44B | -12.84B | -42.99B | -10.63B | -4.93B |
| Financing Cash Flow | 0.00 | -21.17B | -30.53B | -19.65B | -12.64B | -9.04B |
Japan Airport Terminal Co Technical Analysis
Neutral
4944.00
Price Trends
5248.20
Negative
4881.10
Positive
4808.73
Positive
Market Momentum
26.81
Positive
44.67
Neutral
8.94
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9706, the sentiment is Neutral. The current price of 4944 is below the 20-day moving average (MA) of 5310.07, below the 50-day MA of 5248.20, and above the 200-day MA of 4808.73, indicating a neutral trend. The MACD of 26.81 indicates Positive momentum. The RSI at 44.67 is Neutral, neither overbought nor oversold. The STOCH value of 8.94 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9706.
Japan Airport Terminal Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥330.89B | 8.73 | 8.87% | 1.19% | -7.66% | 8.33% | |
64 Neutral | ¥657.09B | 8.73 | 8.64% | 1.82% | 2.13% | -10.54% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥474.62B | 16.43 | 15.15% | 2.25% | 7.37% | 6.19% | |
62 Neutral | ¥568.17B | 11.80 | 13.92% | 1.50% | 4.11% | -30.52% | |
62 Neutral | ¥330.77B | 28.12 | ― | 1.61% | 1.51% | 14.84% | |
59 Neutral | ¥309.24B | 15.83 | 18.49% | 1.45% | 8.91% | -11.63% |
* Industrials Sector Average
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Japan Airport Terminal Co Corporate Events
Japan Airport Terminal Unveils 2026–2030 Plan to Become Global Leading Hub
May 8, 2026
Japan Airport Terminal Co., Ltd. has formulated a new Medium-Term Business Plan for fiscal years 2026 to 2030, grounded in a newly developed Long-Term Vision to become the world’s most highly regarded airport. The company also aims to evolve...
Japan Airport Terminal Raises Year-End Dividend as Performance Improves
May 8, 2026
Japan Airport Terminal Co., Ltd. has resolved to increase its year-end dividend for the fiscal year ended March 31, 2026 to 50 yen per share, up 5 yen from its previous forecast, bringing the total annual dividend to 95 yen per share including the...
Japan Airport Terminal Lifts FY2025 Profit and Dividend, Guides Softer Earnings Ahead
May 8, 2026
Japan Airport Terminal Co. reported consolidated operating revenue of ¥289.8 billion for the year ended March 31, 2026, up 7.4%, with operating income rising 16.8% to ¥45.0 billion and net income attributable to owners of the parent incr...
Japan Airport Terminal to Raise ¥30 Billion via New Unsecured Bond Issues
Apr 10, 2026
Japan Airport Terminal Co., Ltd., a key operator of airport terminal facilities and related services in Japan, focuses on providing infrastructure and commercial amenities that underpin air travel and airport-user convenience. The company plays an...
Japan Airport Terminal to Restructure Organization and Leadership from April 2026
Mar 18, 2026
Japan Airport Terminal Co. will overhaul its organizational and executive structure from April 1, 2026, ahead of its June 2026 annual shareholders’ meeting, including new boards, executive officers and audit roles. The company is shifting fr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.