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Airport Facilities Co., Ltd. (8864) AI Stock Analysis

1 Followers
JP:8864

Airport Facilities Co., Ltd.

(TSE/TYO:8864)

Select Model
Rating:77Outperform
Price Target:JPY 1,063.00â–²(10.84% Upside)
Action:reiterated
Date:11/12/26

The company's excellent financial performance, characterized by a pristine balance sheet and strong cash flows, is the primary driver of the score. Attractive valuation with a low P/E and high dividend yield further supports the positive outlook. These strengths are partially offset by neutral technical indicators, which suggest a lack of immediate positive price momentum.

Positive Factors
Revenue GrowthThe sustained increase in revenue indicates broader business activity and improved commercial traction across airport-related services. Continued top-line expansion can support operating leverage, strengthen the company’s market position, and provide a foundation for further earnings growth over the coming quarters.
Negative Factors
Uneven Free Cash FlowThe history of negative free cash flow shows that cash generation can vary materially across periods, likely reflecting changes in working capital or investment timing as stated in the analysis. Such variability can make internally funded growth and shareholder distributions less predictable over the medium term.

Airport Facilities Co., Ltd. (8864) vs. iShares MSCI Japan ETF (EWJ)

-20%-10%0%10%20%30%JP:8864-1.04%EWJ+15.69%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 47.61B
Dividend Yield
4.69%
Average Volume (3M)
90.75K
Price to Earnings (P/E)
12.0
Beta (1Y)
0.66
Revenue Growth
0.10%
EPS Growth
116.82%
Country
Japan
Employees
131
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Services

Airport Facilities Co., Ltd. Business Overview & Revenue Model

Company Description

Airport Facilities Co., Ltd. engages in the real estate, area heating and cooling, water supply and drainage service, and other businesses in Japan. It leases various facilities comprising multi-purpose general buildings, hangars, maintenance shops,...

How the Company Makes Money

Airport Facilities Co., Ltd. generates revenue primarily by providing airport-related services and facilities support under commercial contracts. Key monetization drivers typically include (1) recurring service fees for operating, maintaining, and ma...

Airport Facilities Co., Ltd. Financial Statement Overview

Summary

Strong financial health with consistent revenue growth, expanding margins, a rock-solid balance sheet with minimal debt, and robust cash flow generation. The only minor drawback is a modest but improving return on equity.

Income Statement

85Very Positive

Balance Sheet

90Very Positive

Cash Flow

85Very Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue34.23B36.79B31.12B25.95B25.52B23.78B
Gross Profit10.85B9.09B6.77B5.28B4.61B5.37B
EBITDA9.71B10.13B9.21B8.00B7.22B6.14B
Net Income3.95B3.48B2.58B2.02B1.56B821.41M
Balance Sheet
Total Assets110.08B112.05B108.58B110.46B100.40B102.47B
Cash, Cash Equivalents and Short-Term Investments8.73B13.23B7.16B10.85B8.60B9.61B
Total Debt24.43B27.60B27.05B32.14B27.30B30.76B
Total Liabilities44.89B47.66B45.99B49.70B43.03B47.16B
Stockholders Equity62.37B61.60B59.91B58.13B54.85B52.78B
Cash Flow
Free Cash Flow07.19B1.64B-1.24B-163.71M7.51B
Operating Cash Flow010.17B5.24B784.58M2.02B8.47B
Investing Cash Flow0-2.11B-3.42B-3.83B1.20B-449.19M
Financing Cash Flow0-2.02B-5.66B5.10B-4.46B-5.12B

Airport Facilities Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive
Last Price959.00

Price Trends

50DMA931.73Positive
100DMA931.69Positive
200DMA935.85Positive

Market Momentum

MACD7.04Negative
RSI57.52Neutral
STOCH56.05Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8864, the sentiment is Positive. The current price of 959.00 is above the 20-day moving average (MA) of 928.35, above the 50-day MA of 931.73, and above the 200-day MA of 935.85, indicating a bullish trend. The MACD of 7.04 indicates Negative momentum. The RSI at 57.52 is Neutral, neither overbought nor oversold. The STOCH value of 56.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8864.

Airport Facilities Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

JP:8864 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3479JP:347981OutperformJPY 90.55B6.12――50.70%364.91%
JP:8864JP:886477OutperformJPY 45.88B12.04―4.69%0.10%116.82%
JP:3465JP:346573OutperformJPY 97.79B5.37―4.63%14.03%68.00%
JP:3252JP:325270OutperformJPY 62.51B6.14―4.26%87.05%146.41%
JP:8818JP:881868NeutralJPY 88.34B11.04―2.70%1.72%65.38%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
JP:8841JP:884159NeutralJPY 93.59B29.412.91%1.04%16.83%106.43%

* Real Estate Sector Average

Performance Comparison

0%20%40%JP:8864JP:8841JP:3252JP:3465JP:3479JP:8818Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:8864 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:8864Airport Facilities Co., Ltd.959.00-31.11-3.14%
JP:8841TOC Co., Ltd.1008.00168.6620.09%
JP:3252JINUSHI Co.,Ltd.2936.00159.975.76%
JP:3465KI-Star Real Estate Co., Ltd.3075.00398.6814.90%
JP:3479TKP Corp2102.00418.0024.82%
JP:8818Keihanshin Building Co., Ltd.925.0050.525.78%

Airport Facilities Co., Ltd. Corporate Events

AFC Reports October Treasury-Share Purchases

Nov 2, 2026

Airport Facilities Co., Ltd., listed on the Standard Market of the Tokyo Stock Exchange, reported progress in its treasury-share acquisition program. The release does not provide details about the company’s operating business or principal services.AF...

Airport Facilities Launches Share Buyback and Cancellation to Lift Capital Efficiency

Oct 29, 2026

Airport Facilities Co., Ltd. has approved a share buyback and subsequent cancellation of all repurchased shares as part of its medium- to long-term plan to boost shareholder returns and optimize capital efficiency. The move follows a previously state...

Airport Facilities Posts Lower Sales but Higher Profit and Raises Interim Dividend

Oct 29, 2026

Airport Facilities Co., Ltd. reported a sharp year-on-year decline in interim net sales to ¥14.61 billion and operating income to ¥2.28 billion for the six months to September 30, 2026, though profit attributable to owners of parent climbed 45.8% to...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 12, 2026