Kagoshima Airport Building

Airports & travel retail

The Japan read

From the company's own filing for Full year to March 2026 · reported 2026-07-22 · the filing

InboundInternational passengers rose 39.9% to 265,000 as Eastar Jet returned after five and a half years, Seoul went daily across three airlines and Jeju Air ran 23 inbound charter round-trips.
InboundChina links went the other way: all Hong Kong flights were cancelled from late June, and Shanghai was suspended from late December after China's government urged its citizens to avoid travel to Japan.
StoresThe domestic departure-gate south waiting area was redone with a cashless self-service café, and a new shop is planned to replace a departing restaurant tenant, alongside a Gate 5 toilet renewal.

Other callouts in the filing

SegmentAncillary income rose 9% to ¥1.115bn on higher sales-linked commissions, outpacing property income, up 4% to ¥2.108bn on resumed international flights and higher management fees.
One-offNon-operating income almost doubled to ¥291m, lifting recurring profit 20% to ¥451m even as higher state land-use fees and parking-congestion costs cut operating profit.
OutlookNo forecast is given; 2026–27 is the last year of the current mid-term plan and a new one is being drawn up, and parking fees rose in April 2026 with peak-season pricing.

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

Full year to March 2026

Reported 2026-07-22

Operating revenue¥3.2bn+6.2%

Operating profit¥0.3bn−14.4%

Net income¥0.4bn+13.0%

Kagoshima's terminal company reports once a year and, like Naha's, earns from tenants rather than selling itself: operating revenue rose 6.2% to ¥3.2bn in the year to March 2026 as passengers reached 5.93m, with international traffic up 39.9% to 265,000 as Eastar Jet returned and Seoul went daily, even though Hong Kong and Shanghai flights were suspended. Operating profit fell 14.4% to ¥266m on higher costs, while net income rose 13.0% to ¥378m. Its shareholders include the prefecture, Nangoku Kotsu, ANA, JAL and the Yamakataya department-store group. Growth rates are floortok's arithmetic on the company's own figures for the two years.