Kansai Airports Announced FY2021 Consolidated Financial Results

Kansai Airports today announced its consolidated financial results for the fiscal year ended March 31, 2022, posting operating revenues of 66.4 billion yen, operating loss of 33.2 billion yen,
ordinary loss of 42.6 billion yen and net loss of 30.2 billion yen.

In this fiscal year, although the situation is still severe due to the prolonged spread of COVID-19 infection, operating revenue increased by 16% compared to the previous year, which was significantly affected by COVID-19. In addition, Due to our continued efforts to reduce expenses, operating profit increased by 9.6 billion yen, ordinary profit increased by 9.4 billion yen, and net
profit will increased by 4.3 billion yen.

Aviation Demand
Although the situation is still severe due to the impact of the spread of COVID-19 infection, traffic has increased compared to the previous year, which was significantly affected by COVID-19, and the total aircraft movements at the three airports was 207 thousand times, and the number of air passengers was 12.89 million, an increase of 28% and 39%, respectively, compared to the previous year. Regarding international flights, the number of international passengers increased by 33% from the previous year, but was limited due to the continued immigration restrictions of each country and the Japanese government. Regarding domestic flights, as the vaccination rate increased, the movement of people gradually recovered, and all three airports domestic passenger increased by 39% from the previous year. In addition, the number of international cargo flights increased due to the tight cargo space caused by the suspension of international passenger flights and the unstable operation of shipping due to the bias of containers.

Consolidated Balance Sheet
As of March 31, 2022, total assets were 1,630.3 billion yen as a results of depreciation of operating rights for public facilities compared to the end of the previous fiscal year. In addition, as a result of a decrease in liabilities due to payment of accounts payable and operating rights for public facilities, etc., total liabilities were 1,584.6 billion yen.

Kansai Airports was established by a consortium made up of VINCI Airports and ORIX Corporation as its core members. Kansai Airports took over the operations of Kansai International Airport (“KIX”) and Osaka International Airport (“ITAMI”) from New Kansai International Airport Company (“NKIAC”) and has been operating the two
airports since April 1, 2016.

Kansai Airports Kobe, Kansai Airports’ wholly-owned subsidiary, took over the operations of Kobe Airport (“KOBE”) from Kobe City and started its business as an operating company on April 1, 2018. Under the concept of “One Kansai Airports Group”, Kansai Airports group strives to continuously improve its services for all airport guests through appropriate investments and efficient operations, with safety and security being the top priority. Kansai Airports group aims to maximize the potential of the three airports, for the benefit of the communities they serve.

For more information, please visit: http://www.kansai-airports.co.jp/en/