---
title: "Airport Facilities Details Dependence on JAL and ANA as Major Shareholders and Key Clients"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286520343.md"
description: "Airport Facilities Co., Ltd. (JP:8864) announced its dependence on major shareholders Japan Airlines and ANA HOLDINGS, each holding 21.33% of voting rights. These airlines account for approximately 22.3% of AFC's sales. The company recognizes that changes in these affiliates' financial conditions could impact its capital and management, and it aims to manage these risks while maintaining strong ties. Transactions with affiliates are conducted on comparable terms to other partners, ensuring management independence."
datetime: "2026-05-15T06:48:58.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286520343.md)
  - [en](https://longbridge.com/en/news/286520343.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286520343.md)
---

# Airport Facilities Details Dependence on JAL and ANA as Major Shareholders and Key Clients

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Airport Facilities Co., Ltd. ( (JP:8864) ) has shared an announcement.

Airport Facilities has disclosed its relationships with controlling shareholders and key affiliates, identifying Japan Airlines as the entity exerting the greatest influence based on shareholdings and transactions. Both Japan Airlines and ANA HOLDINGS each hold 21.33% of AFC’s voting rights and, through Japan Airlines and All Nippon Airways, are major tenants and service providers, together accounting for about 22.3% of the company’s sales.

The company acknowledges that changes in the financial condition or business plans of these airline affiliates could materially affect its capital and management, and it plans to manage these risks while maintaining strong capital and business ties. AFC stresses that transactions with affiliates, including significant real estate leasing and related service contracts, are conducted on terms comparable to those with other business partners, and that strategic decisions continue to be made under Board oversight with a stated commitment to preserving a certain degree of management independence.

**More about Airport Facilities Co., Ltd.**

Airport Facilities Co., Ltd. (AFC) operates in the airport infrastructure and facilities sector, providing real estate leasing, area heating and cooling, and water supply and drainage services. Its main customers and key business partners are major Japanese airlines, notably Japan Airlines Co., Ltd. and All Nippon Airways Co., Ltd., reflecting a strong focus on supporting core airport and aviation operations in Japan.

**Average Trading Volume:** 103,698

**Technical Sentiment Signal:** Buy

**Current Market Cap:** Yen44.07B

See more insights into 8864 stock on TipRanks’ Stock Analysis page.

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