Hokkaido Airports

Airports & travel retail

The Japan read

From the company's own filing for Full year to March 2026 · reported 2026-06-22 · the filing

InboundInternational passengers across the seven airports rose 18.0% to 4.83m on new routes and extra flights; some China routes were cut or suspended, but East Asian demand held up and South-East Asian links grew.
JapanNew Chitose passed 25m passengers for the first time, reaching 26.02m and beating its 2019 calendar-year record of 24.59m; domestic traffic across the seven airports rose 3.2% to 27.01m.
StoresHakodate and Kushiro turned third-floor shopping areas into food courts (August, December), Hakodate refitted for more international flights from mid-March, and Obihiro's separate immigration area enabled scheduled international flights from late May.
Not disclosedThe annual report gives no sales, profit or passenger forecast for the year to March 2027.

Other callouts in the filing

SegmentIn the parent's accounts tenant rent was ¥28.9bn, own service sales ¥10.4bn and merchandise sales ¥2.4bn; the company says terminal shop and restaurant income grew with passenger numbers.
BasisConcession debt still dominates: ¥9.36bn of loan and bond interest left a ¥3.65bn recurring loss; the company borrowed a further ¥27.95bn for capital spending and ended the year with ¥75.8bn of cash.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.

Show figures in

floortok holds 2 reported periods for this company.

Full year to March 2026

Reported 2026-06-22

Net sales¥60.9bn+8.6%

Operating profit¥5.2bn+89.7%

Net income−¥3.9bn—

Hokkaido Airports, the consortium of Hokkaido Airport, Mitsubishi Estate, Tokyu and others that took over New Chitose and six other Hokkaido airports in 2020, is still paying for the concession: consolidated sales rose 8.6% to ¥60.9bn in the year to March 2026 and operating profit nearly doubled to ¥5.2bn, but interest on the concession debt left a net loss of ¥3.9bn, narrower than the ¥5.8bn loss a year earlier. New Chitose handled a record 26.02m passengers and the seven airports 31.84m. In the parent company's accounts, rent from tenants, ¥28.9bn, is the largest revenue line, with its own shop and service sales at ¥12.8bn. Growth rates are floortok's arithmetic on the two years of figures in the company's own report.

H1 (Apr–Sep 2025) · Year-to-Date

Reported 2025-11-26

Net sales¥29.0bn+9.1%

Operating profit¥3.8bn+41.0%

Net income−¥0.9bn—

Hokkaido Airports' first half to September 2025: consolidated sales rose 9.1% to ¥29.0bn and operating profit 41.0% to ¥3.8bn (floortok's arithmetic on the company's own figures), while concession interest kept the net result at a ¥915m loss, narrower than the ¥1.5bn loss a year earlier.

BasisInterest on the debt taken on for the 2020 concession keeps the company loss-making at the net level, though the loss narrowed.
BasisGrowth rates are floortok's arithmetic on the company's own figures.