We would like to express our sincere gratitude to our shareholders for their continued support.

My name is Osamu Sasaoka, and I assumed the position of President & CEO on June 26.

Regarding the business environment surrounding our Group, the aviation industry has remained steady, supported by inbound demand; however, uncertainty about the future is increasing due to the impact of the situation in the Middle East. In addition, rising prices of raw materials and increasing logistics and labor costs due to labor shortages have affected overall prices, including construction costs. Furthermore, fluctuations in financial and capital markets and developments in U.S. trade policy continue to require close attention.

Under these circumstances, for the fiscal year ended March 31, 2026, our Group’s performance remained strong, supported by increased rental income in our airport real estate business through the revision of lease conditions for existing properties and tenant acquisition, as well as by the sale of office buildings (real estate for sale) in our non-asset business and improved profitability in our area heating and cooling and water supply and drainage businesses. On the other hand, although we reviewed the cost of building demolition in the Haneda Airport 1-chome district and recorded most of the costs as an impairment loss (extraordinary loss), overall results showed increases in both revenue and profit.

Based on these results, we have set the year-end dividend at 24 yen per share, an increase of 12 yen from the previous fiscal year, resulting in an annual dividend of 42 yen per share. Going forward, while maintaining a stable and continuous approach to shareholder returns, we will strive to further enhance dividends in line with our business performance.

To achieve the priority measures outlined in the revised Medium- to Long-Term Management Plan, our Group is steadily promoting its growth strategy and strengthening its earnings base through initiatives such as the Haneda Airport 1-chome project, the development of new services including Starlink, and efforts related to our first private real estate fund. In addition, as part of our capital measures, we have strengthened shareholder returns through a review of our dividend policy and the acquisition of treasury shares, and have enhanced our IR activities, including the implementation of IR seminars for individual investors, thereby working to improve capital efficiency and market valuation.

We will continue to make every effort to achieve the Medium- to Long-Term Management Plan and to realize sustainable growth and enhanced corporate value.

We sincerely ask for your continued understanding and support.