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 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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-03-02","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/03\/9201-20260302-03.pdf","jir_short_summary":"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.","jir_summary":"### Purpose and Features of Bond-Type Preferred Shares\nBased on the JAL Group Management Vision 2035, the company is considering issuing bond-type preferred shares to promote the purchase of new aircraft and growth investments in non-aviation sectors, aiming for stable and diversified external financing. This approach seeks to balance building a strong financial foundation and pursuing capital efficiency without diluting common shares, while facilitating engagement with a broad range of investors, contributing to long-term relationship building and enhancing brand value. Bond-type preferred shares have no voting rights and no conversion rights into common shares, thus causing no dilution of common shareholders\u2019 rights.\n\n### Overview of Planned Issuance and Long-Term Holding Benefits\nThe first bond-type preferred shares may be issued up to 200 billion yen during the first half of fiscal 2026, with a preferred dividend annual rate assumed to be 5% or less. There is a possibility that JAL will call (repurchase) the shares approximately five years after issuance, at which time the dividend rate will step up. As a long-term holding benefit, individual shareholders will be granted Life Status Points (LSP) according to the number of shares continuously held until the end of March 2027, aiming to expand the JAL fan base and appeal to a wider range of investors.","jir_financial_highlights":"Planned issuance amount for first bond-type preferred shares: Up to 200 billion yen (Unknown)\nPlanned issuance period: During the first half of fiscal 2026 (Unknown)\nPreferred dividend annual rate: 5% or less (Unknown)","jir_category":"","jir_hashtags":"#JapanAirlines, #CapitalPolicy, #BondTypePreferredShares","jir_key_figures":"Planned issuance amount: Up to 200 billion yen (during the first half of fiscal 2026)\nPreferred dividend annual rate: 5% or less (expected to step up after 5 years from issuance)\nLong-term holding benefit LSP points: Up to 700 points granted depending on continuous shareholding","jir_meta_title":"Japan Airlines Considers Issuance of Bond-Type Preferred Shares up to 200 Billion Yen | No Dilution of Common Shares","jir_meta_description":"Japan Airlines plans to issue bond-type preferred shares up to 200 billion yen in the first half of fiscal 2026. The issuance will raise growth investment funds without diluting common shares, with long-term holding benefits also planned.","jir_og_title":"Japan Airlines Accelerates Growth Investments through Bond-Type Preferred Shares Issuance","jir_og_description":"Announces details of bond-type preferred shares issuance targeting up to 200 billion yen funding and long-term holding benefits. Strengthens stable capital base without diluting common shares.","jir_og_image_url":"\/assets\/og\/company-capital_policy.jpg","jir_chart_data_collection":"[]","ir_related_company":7492,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-32628","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n