Japan Airport Terminal Co Ltd (JP:9706)
:9706
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Japan Airport Terminal Co
(9706)
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Rating:72Outperform
Price Target:
¥5,806.00
▲(17.44% Upside)
Action:ReiteratedDate:11/18/25
Japan Airport Terminal Co's stock score is primarily driven by its strong financial performance, characterized by robust revenue growth and improved profitability. The technical analysis presents mixed signals with a slight bearish trend, while the valuation metrics suggest the stock is fairly valued. The absence of earnings call data and corporate events means these factors do not influence the score.
Positive Factors
Strong cash generation
Free cash flow grew 90.5% with operating cash flow above net income and FCF/net income of 1.27. This durable cash-generation strength increases financial flexibility to fund terminal upgrades, pay dividends, reduce debt, and absorb travel-demand volatility over the medium term.
Negative Factors
Operational efficiency headroom
EBIT at 14.3% and EBITDA at 24.7% show margins have recovered but still leave scope for efficiency gains. High fixed costs in terminal operations and service staffing can limit operating leverage; absent structural efficiency improvements, margin expansion and cashflow upside may be constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Free cash flow grew 90.5% with operating cash flow above net income and FCF/net income of 1.27. This durable cash-generation strength increases financial flexibility to fund terminal upgrades, pay dividends, reduce debt, and absorb travel-demand volatility over the medium term.
Read all positive factors
Japan Airport Terminal Co (9706) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥499.12B
Dividend Yield2.25%
Average Volume (3M)295.37K
Price to Earnings (P/E)11.5
Beta (1Y)0.82
Revenue Growth12.25%
EPS Growth25.90%
CountryJP
Employees2,660
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)95.22
Shares Outstanding93,145,400
10 Day Avg. Volume290,670
30 Day Avg. Volume295,370
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)2.04
Price to Sales (P/S)1.42
P/FCF Ratio10.94
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)273.15
Revenue Forecast (FY)¥293.58B
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
Japan Airport Terminal generates revenue primarily by monetizing the airport terminal environment through a mix of (1) commercial business and (2) facility/real estate and service fees. Key revenue streams typically include: (a) retail and food & ...
Japan Airport Terminal Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 273.58B | 269.92B | 217.58B | 113.05B | 57.06B | 52.57B |
| Gross Profit | 176.11B | 173.53B | 144.70B | 83.97B | 46.45B | 37.48B |
| EBITDA | 66.43B | 66.78B | 58.19B | 19.63B | -9.02B | -18.13B |
| Net Income | 27.60B | 27.47B | 19.25B | -3.90B | -25.22B | -36.58B |
Balance Sheet | ||||||
| Total Assets | 473.65B | 469.95B | 460.42B | 446.95B | 463.88B | 519.19B |
| Cash, Cash Equivalents and Short-Term Investments | 82.86B | 85.91B | 85.39B | 90.24B | 97.13B | 120.36B |
| Total Debt | 204.14B | 206.83B | 228.28B | 244.30B | 256.66B | 264.53B |
| Total Liabilities | 271.73B | 271.60B | 294.38B | 306.00B | 307.87B | 323.64B |
| Stockholders Equity | 189.06B | 187.38B | 168.17B | 150.29B | 154.17B | 177.97B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 34.92B | 19.80B | 6.47B | -14.44B | -36.40B |
| Operating Cash Flow | 0.00 | 53.81B | 47.76B | 16.33B | -9.30B | -4.39B |
| Investing Cash Flow | 0.00 | -12.84B | -42.99B | -10.63B | -4.93B | -25.27B |
| Financing Cash Flow | 0.00 | -30.53B | -19.65B | -12.64B | -9.04B | 78.23B |
Japan Airport Terminal Co Technical Analysis
Positive
4944.00
Price Trends
5131.90
Positive
4846.16
Positive
4778.09
Positive
Market Momentum
-8.43
Negative
62.14
Neutral
83.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9706, the sentiment is Positive. The current price of 4944 is below the 20-day moving average (MA) of 5093.15, below the 50-day MA of 5131.90, and above the 200-day MA of 4778.09, indicating a bullish trend. The MACD of -8.43 indicates Negative momentum. The RSI at 62.14 is Neutral, neither overbought nor oversold. The STOCH value of 83.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥627.07B | 8.33 | 13.92% | 1.50% | 6.30% | -16.29% | |
72 Outperform | ¥499.12B | 11.51 | 15.15% | 2.25% | 12.25% | 25.90% | |
72 Outperform | ¥352.18B | 9.85 | ― | 1.61% | 6.55% | -12.49% | |
68 Neutral | ¥337.95B | 8.73 | 8.87% | 1.19% | -8.30% | 14.55% | |
64 Neutral | ¥625.33B | 8.73 | 8.64% | 1.82% | 3.90% | 5.62% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥342.40B | 15.83 | 18.49% | 1.45% | 9.50% | -14.58% |
* Industrials Sector Average
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Japan Airport Terminal Co Corporate Events
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...
Japan Airport Terminal to Exit Ginza Downtown Duty-Free Venture Despite Recovery
Feb 4, 2026
The company will close its downtown duty-free store inside Ginza Mitsukoshi by September 2026 and may dissolve its Japan Duty Free Fa-So-La Mitsukoshi Isetan joint venture, after COVID-era shifts in travel, brand access issues, and concentrated re...
Japan Airport Terminal lifts profits on steady traffic, keeps FY2025 outlook intact
Feb 4, 2026
The operator reported nine-month FY2025 revenue of ¥217.1 billion, up 7.7% year on year, with operating profit rising 11.1% to ¥35.6 billion and net income advancing 18.6% to ¥22.2 billion on steady passenger traff...
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.