Narita marked large increase of profit despite reduction of revenue

Narita International Airport Co. (NAA) released the consolidated financial result for FY2005 (April 1 2005 to March 31 2006) on May 18, reporting the airport succeeded in large increase of net profit although it slightly decreased annual operating revenue because of the revision of the landing fee system. According to the financial report, operating revenue was down 0.2% to 171,247 million yen over FY2004. Operating profit and recurring profit each increased by 0.5% to 42,000 million yen and by 8.6% to 29,539 million yen compared to FY2004. Net profit finally reached 14,772 million yen for FY2005, largelyincreasing from 6,420 million yen for FY2004.

This Week Contents
Headline
Narita marked large increase of profit despite reduction of revenue
+The new South Wing is expected to give a positive financial impact to NAA
Airport
*Kansai succeeded in increasing revenue with more flight operations
*Kansai resulted in 2% increase of passengers in April
Airline
*Next JAL CEO said JAL hasno plan to buy A380 so far
*JAA increased both revenue and profit for FY2005
*CAL will serve scheduled flights to Hokkaido for the first time
*JAL to extend its cargo transportation network to Southern America
Industry
*IHI completed the expansion project for its Soma Aero-Engine Plant
*Ishikawajima Harima HeavyIndustries (IHI) financial result for FY2005
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