Japan Airlines Co., Ltd.
Notice Regarding the Commencement of Consideration for Change in Shareholders of Equity-Method Affiliate
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.
Key Figures
- Operating Revenue (Fiscal Year Ending June 2025): 74,940 million JPY (Year-over-Year Increase)
- Operating Income (Fiscal Year Ending June 2025): 1,578 million JPY (Turned Profitable YoY)
- Net Income Attributable to Owners of Parent (Fiscal Year Ending June 2025): △1,543 million JPY (Turned to Loss YoY)
AI要約
Background of Considering Shareholder Structure Change
Jetstar Japan Co., Ltd. (JJP) has grown into the largest domestic low-cost carrier based at Narita International Airport. Aiming for swift decision-making tailored to the Japanese aviation market environment and sustainable growth, the major shareholder Qantas Group is considering transferring all its shares. With the new participation of Development Bank of Japan (DBJ) as a shareholder, the shareholder structure will shift to being led by domestic capital, aiming to enhance corporate value through expanding international flight networks and capturing inbound demand.
Future Schedule and Impact
Final agreements on the shareholder agreement and brand transition are scheduled for July 2026, with a new brand announcement in October 2026, and completion of share transfer procedures and brand transition planned for June 2027. However, these may change depending on future discussions and approvals from relevant authorities. The impact on Japan Airlines’ consolidated financial results is expected to be minimal.
