Added to YB: 2026-01-28
Pitch date: 2026-01-27
9706.T [bullish]
Japan Airport Terminal Co., Ltd.
Author Info
Aurelion Research is a research analyst with a passion for markets, specializing in high‑conviction ideas across shipping, offshore drilling, and thematic equity research. Sign up for the newsletter.
Company Info
Japan Airport Terminal Co., Ltd. primarily engages in the management of passenger terminal buildings in Japan.
Market Cap
JPY 465.0B
Pitch Price
N/A
Price Target
7.2K
Dividend
N/A
EV/EBITDA
7.64
P/E
15.96
EV/Sales
2.01
Sector
Transportation Infrastructure
Category
growth
Idea #2: Japan Airport Terminal (9706 JP)
9706.T: Manages Haneda terminals & commercial space. Post-pandemic recovery complete, now in normalized growth phase. Revenue driven by merchandise sales + passenger traffic. MS PT ¥7,200 (+61% upside) vs ¥4,100 downside (-8%). FCF improving as capex declines. Margins below peers but solid ROE near industry avg. Dividend payout conservative due to balance sheet focus. Growth moderating but visible earnings trajectory.
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