Air Transportation · Fiscal year end Mar 31

Japan Airlines Co., Ltd.

9201

日本航空株式会社

FIGI BBG0038LG5T89201.T9201 JPCorp. no. 7010701007666

Financials

IFRS · consolidated · fiscal year to 2026-03-31

Revenue: ¥2.0tn
Net income: ¥137.6bn
ROE: 12.2%
Equity ratio: 40.3%
Dividend / share: ¥96
Employees: 39,076

Revenue · ¥tn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-03-31	¥2,012.5bn	¥137.6bn	¥3,198.8bn	¥1,289.6bn	12.2%	¥306.96	¥394.9bn
2025-03-31	¥1,844.1bn	¥107.0bn	¥2,794.9bn	¥975.1bn	11.4%	¥245.09	¥381.5bn
2024-03-31	¥1,651.9bn	¥95.5bn	¥2,649.2bn	¥909.9bn	11.1%	¥218.61	¥363.9bn
2023-03-31	¥1,375.6bn	¥34.4bn	¥2,520.6bn	¥816.3bn	4.3%	¥78.77	¥292.9bn
2022-03-31	¥682.7bn	−¥177.6bn	¥2,375.7bn	¥799.7bn	-20.3%	¥-406.29	−¥103.5bn

Indicators

Computed by us from filings · fiscal year to 2026-03-31

Metric	Value	Percentile among listed companies
ROE, %	12.2	68.5
Ordinary margin	—	—
Equity ratio, %	40.3	27.5
Revenue growth	0.0913	66.8
Net income growth	0.2856	63.7
Operating cash flow / assets	0.1234	82.8

Policy-uncertainty measure0.37 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Politics & geopolitics 1

Ownership activity 0 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change 0.00pt in 90 days; 4.5% held by other listed companies.

Results wording balance: +0.65. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥875.9bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥4.4bn, 1.1% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/9201/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Share buyback, report to —: ¥20.0bn acquired of a ¥20.0bn limit. /v1/companies/9201/buybacks

Internal control, 2026-06-22: see filing 上記の評価の結果、当事業年度末日時点において、当社グループの財務報告に係る内部統制は有効であると判断しました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Full Service Carrier, LCC, Mileage Finance and Commerce, Other. /v1/companies/9201/segments

Latest voting result: 2026-06-23 · 剰余金の処分の件 · passed. /v1/companies/9201/voting

Ownership changes

All companies →

2026-08-07

Increase+0.32pt

Nomura Securities Co.,Ltd. raised holdings in Japan Airlines Co., Ltd. (9201) to 8.14% from 7.82%.

S100YVBQFiler profile Original filing (PDF, Japanese)
2026-05-12

Decrease−0.10pt

Nomura Securities Co.,Ltd. reduced holdings in Japan Airlines Co., Ltd. (9201) to 7.82% from 7.92%.

S100Y2XPFiler profile Original filing (PDF, Japanese)
2026-04-06

Below 5%−0.61pt

Sumitomo Mitsui Trust Asset Management Co.,Ltd. cut holdings in Japan Airlines Co., Ltd. (9201) to 4.93% from 5.54%, below the 5% threshold.

S100XWCOFiler profile Original filing (PDF, Japanese)
2026-03-05

Increase+1.56pt

Nomura Securities Co.,Ltd. raised holdings in Japan Airlines Co., Ltd. (9201) to 7.92% from 6.36%.

S100XP29Filer profile Original filing (PDF, Japanese)
2025-09-19

Increase+0.10pt

Sumitomo Mitsui Trust Asset Management Co.,Ltd. raised holdings in Japan Airlines Co., Ltd. (9201) to 5.54% from 5.44%.

S100WP7FFiler profile Original filing (PDF, Japanese)
2024-07-04

Decrease−1.03pt

Sumitomo Mitsui Trust Asset Management Co.,Ltd. reduced holdings in Japan Airlines Co., Ltd. (9201) to 5.44% from 6.47%.

S100TYX5Filer profile Original filing (PDF, Japanese)
2024-06-06

Below 5%−1.31pt

BlackRock Japan Co., Ltd. cut holdings in Japan Airlines Co., Ltd. (9201) to 3.70% from 5.01%, below the 5% threshold.

S100TKN1Filer profile Original filing (PDF, Japanese)
2023-10-06

Decrease−0.69pt

Nomura Securities Co.,Ltd. reduced holdings in Japan Airlines Co., Ltd. (9201) to 6.36% from 7.05%.

S100RZBSFiler profile Original filing (PDF, Japanese)
2023-07-19

New 5% stake

BlackRock Japan Co., Ltd. disclosed a 5.01% stake in Japan Airlines Co., Ltd. (9201), crossing the 5% reporting threshold.

S100RF22Filer profile Original filing (PDF, Japanese)
2023-06-06

Decrease−0.09pt

Sumitomo Mitsui Trust Asset Management Co.,Ltd. reduced holdings in Japan Airlines Co., Ltd. (9201) to 6.47% from 6.56%.

S100QVLYFiler profile Original filing (PDF, Japanese)

5% filings

Large shareholding reports on 9201

Filed	Filer	Stake	Change	Stated purpose
2026-08-07	Nomura Securities Co.,Ltd.	8.14%	+0.32pt	—
2026-05-12	Nomura Securities Co.,Ltd.	7.82%	−0.10pt	—
2026-04-06	Sumitomo Mitsui Trust Asset Management Co.,Ltd.	4.93%	−0.61pt	—
2026-03-05	Nomura Securities Co.,Ltd.	7.92%	+1.56pt	—
2025-09-19	Sumitomo Mitsui Trust Asset Management Co.,Ltd.	5.54%	+0.10pt	—
2024-07-04	Sumitomo Mitsui Trust Asset Management Co.,Ltd.	5.44%	−1.03pt	—
2024-06-06	BlackRock Japan Co., Ltd.	3.70%	−1.31pt	pure investment
2023-10-06	Nomura Securities Co.,Ltd.	6.36%	−0.69pt	—
2023-07-19	BlackRock Japan Co., Ltd.	5.01%	—	pure investment
2023-06-06	Sumitomo Mitsui Trust Asset Management Co.,Ltd.	6.47%	−0.09pt	—

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: 9 issues
Book value: ¥56.2bn
Sold in the year: ¥538m 2 issues
Bought in the year: ¥99m 1 issues
Mutual, both reports: 7
Held by listed cos.: 33

Holds	Book value	Shares vs. prior year	Mutual
Japan Airport Terminal Co.,Ltd. 9706	¥22.7bn	0.0%	both reports
AEON Co.,Ltd. 8267	¥19.5bn	+200.0%	both reports
East Japan Railway Company 9020	¥6.0bn	0.0%	both reports
ORIENTAL LAND CO.,LTD. 4661	¥5.1bn	0.0%	both reports
TOKYU CORPORATION 9005	¥1.9bn	0.0%	both reports
Mitsubishi Logistics Corporation 9301	¥0.5bn	0.0%	both reports
Keio Corporation 9008	¥0.3bn	0.0%	both reports
ispace, inc. 9348	¥0.2bn	0.0%	no
CREAL Inc. 2998	¥0.1bn	—	stated
富士石油(株) 5017	—	sold all	no

Held by: KYOCERA CORPORATION 6971, Daiwa Securities Group Inc. 8601, AEON Co.,Ltd. 8267, East Japan Railway Company 9020, Tokio Marine Holdings, Inc. 8766, TOKYU CORPORATION 9005, Japan Airport Terminal Co.,Ltd. 9706, ORIENTAL LAND CO.,LTD. 4661, Keio Corporation 9008, Aozora Bank, Ltd. 8304, Mitsubishi Logistics Corporation 9301, SAN-AI OBBLI CO.,LTD 8097 and 21 more

Purposes, all holdings and mutual flags via /v1/companies/9201/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-03-31

Shareholder	Shares	Ratio
日本マスタートラスト信託銀行株式会社（信託口）	71,489,000	16.63%
株式会社日本カストディ銀行（信託口）	24,272,300	5.64%
STATE STREET BANK AND TRUST COMPANY 505001	10,816,365	2.51%
京セラ株式会社	7,638,400	1.77%
JP MORGAN CHASE BANK 385781	6,801,812	1.58%
STATE STREET BANK AND TRUST COMPANY 505103	5,007,793	1.16%
株式会社大和証券グループ本社	5,000,000	1.16%
STATE STREET BANK AND TRUST COMPANY 505223	4,842,348	1.12%
THE BANK OF NEW YORK MELLON 140044	3,504,849	0.81%
STATE STREET BANK AND TRUST COMPANY 505050	3,490,770	0.81%

U.S. funds holding 9201

SEC Form N-PORT, reports to 2026-07-31

165 U.S. funds held 37,716,766 shares worth $671.7m.

Fund	Shares	Value	% of fund	As of
VANGUARD INTERNATIONAL CORE STOCK FUND VANGUARD HORIZON FUNDS	4,344,100	$75.9m	0.736%	2026-06-30
The Hartford International Value Fund HARTFORD MUTUAL FUNDS, INC	3,440,612	$63.5m	0.390%	2026-07-31
MFS Research International Fund MFS SERIES TRUST I	2,312,200	$39.8m	0.224%	2026-05-31
College Retirement Equities Fund - Total Global Stock Account College Retirement Equities Fund	2,258,000	$39.5m	0.027%	2026-06-30
VANGUARD TOTAL INTERNATIONAL STOCK INDEX FUND VANGUARD STAR FUNDS	2,116,189	$39.0m	0.006%	2026-07-31

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/9201
GET /v1/companies/9201/financials
GET /v1/companies/9201/details
GET /v1/companies/9201/segments
GET /v1/companies/9201/voting
GET /v1/companies/9201/tender-offers
GET /v1/companies/9201/indicators
GET /v1/companies/9201/earnings-releases
GET /v1/events?ticker=9201
GET /v1/companies/9201/trades         
GET /v1/companies/9201/cross-holdings 
GET /v1/companies/9201/brief

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