Narita International Airport

Narita is government-owned and unlisted, but it publishes audited results, and its retail line is the largest airport shopping figure in Japan after Haneda's: the retail segment took ¥126.8bn in the year to March 2026, up 2.6%, of which ¥95.7bn was shop and restaurant sales (+1.0%), and it earned ¥41.3bn of operating profit against ¥42.5bn for the whole group. Group operating revenue rose 5.9% to ¥279.4bn, a fifth straight record, on 42.58m passengers including a record 24.1m foreign travellers; net income fell 23.0% to ¥27.0bn on asset write-offs from the terminal rebuild. For the year to March 2027 the company guides to ¥281.4bn of revenue but expects retail to slip to ¥124.2bn as shops close for refurbishment.

Narita's first half to September 2025 was its best on record for revenue: operating revenue rose 6.4% to ¥135.8bn on international passengers, with the retail segment up 2.6% to ¥61.4bn and its operating profit up 2.9% to ¥20.2bn. Group operating profit was flat at ¥22.5bn as facility costs rose with prices, and net income fell 19.0% to ¥15.8bn on write-offs from the terminal rebuild. Foreign passengers hit a first-half record of 11.59m.