We would like to express our sincere thanks to shareholders and investors for their continuous support.

While the Japanese economy continued to be on a gradual recovery trend as the economic activity has been recovering from the COVID-19 crisis, we still need to carefully monitor risks such as surging prices and global situation, etc.

In the aviation industry, supported by strong inbound demand and leisure demand following the lifting of movement restrictions in Japan, the number of passengers showed favorable growth in both domestic and international flights, and we expect that strong passenger demand will continue.

Under this environment, for the fiscal year ended March 31, 2024, the Group achieved both increased sales and profit with net sales of ¥25.95 billion, operating income of ¥3.18 billion, ordinary income of ¥3.17 billion, and profit attributable to owners of parent of ¥2.02 billion.

Reflecting this performance, we increased the year-end dividend from the intended level at the beginning of the year by ¥3 to ¥10, resulting in an annual dividend of ¥17 per share.

The maintenance of a stable management foundation and strengthening of our financial standing remain our basic philosophy, and we will provide stable and continuous return of profits to shareholders while aiming for a payout ratio of over 40%.

In the airport-related businesses, which is the Company’s business foundation, we worked to improve the profitability of existing properties while establishing the fresh products center in the domestic cargo terminal area of Tokyo International Airport.

Furthermore, the Group announced the Medium- to Long-Term Management Plan in May 2022. In the non-asset business, which is one priority measure, we have already acquired a total of five buildings and are raising property values through value enhancement works, etc. In future, we will also have a view towards the sale of real estate for sale, and strive for further business expansion.

We have also actively worked towards solving social issues through our businesses such as in efforts for reducing CO2 emissions and for the utilization of new energy, needed to contribute to the realization of a sustainable society.

While taking the airport-related businesses as an important business foundation, we will continue to accelerate our efforts in non-airport areas to achieve sustainable growth and improve corporate value, and all officers and employees will strive for the early achievement of the Medium- to Long-Term Management Plan.

We would like to ask for the continuous understanding and support of our shareholders and investors.