#JapanAirlines

JAL Group formulated a new growth strategy, "JAL Group Management Vision 2035," aiming for EBIT of over 350 billion yen by 2035, upwardly revised the EBIT forecast for the fiscal year ending March 2026 to 205 billion yen, and plans to increase dividends from 92 yen to 96 yen per share.

Japan Airlines plans to issue bond-type preferred shares and intends to apply for listing on the Tokyo Stock Exchange Prime Market. Approximately five years of fixed dividends will be paid post-issuance, followed by variable dividends. These shares have no voting or conversion rights.

Explains a capital policy to issue the first series of bond-type preferred shares by the first half of fiscal 2026, potentially up to 200 billion yen, to raise growth investment funds without diluting common shares.

For the fiscal year ending March 2027, revenue is forecasted at 2.095 trillion JPY, EBIT at 180 billion JPY, and net income attributable to owners of the parent at 110 billion JPY. Dividends are planned to remain unchanged at an annual 96 JPY per share.

Revised upward the full-year consolidated earnings guidance for the fiscal year ending March 2026 to revenue of 2 trillion yen (up 1.2% from previous), EBIT of 205 billion yen (up 2.5%), and net income attributable to owners of parent of 123 billion yen (up 7.0%); annual dividend forecast also increased to 96 yen.

Japan Airlines Co., Ltd. has finalized the executive structure effective from April 1, 2026, announcing personnel changes for directors, auditors, and executive officers. The appointments of new directors and auditors as well as scheduled retirements have been disclosed.

From February 1 to 5, 2026, the Company acquired 546,200 shares of treasury stock totaling JPY 1,647,126,350, and the acquisition based on the October 30, 2025 board resolution has been completed.

For the third quarter of the fiscal year ending March 2026, revenue was JPY 1,513.7 billion (9.2% YoY increase), ordinary income before financial and corporate income taxes was JPY 179.1 billion (24.2% YoY increase), and net income attributable to owners of parent for the quarter was JPY 113.7 billion (24.9% YoY increase).

Japan Airlines Co., Ltd. has begun considering changes to the shareholder structure of equity-method affiliate Jetstar Japan with the participation of Development Bank of Japan. The major shareholder Qantas Group intends to transfer all shares. Completion is scheduled for June 2027.

From January 1 to January 31, 2026, Japan Airlines acquired 1,986,300 shares of treasury stock for approximately 5,866,776,650 yen; cumulative shares acquired total 6,293,200 shares with a cumulative acquisition cost of approximately 18,352,610,350 yen.

Acquired 1,670,600 shares of treasury stock from December 1 to December 31, 2025, at a total acquisition price of 4,827,638,150 yen. The cumulative number of shares acquired stands at 4,306,900 shares, with a total acquisition cost of 12,485,833,700 yen.