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Japan Airlines Co., Ltd.

Business Summary

Japan Airlines Co., Ltd. engages in scheduled and non-scheduled air transport, aerial work, and aircraft maintenance services. It operates through the Air Transport and Others segments. The Air Transport segment engages in air transport business, airport passenger service, ground handling service, maintenance service, cargo service, passenger transport service and airport area business. The Others segment includes travel planning and sales. The company was founded on August 1, 1951 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit708,835M5,230.58M
Operating income47,874M353.26M
Income before tax55,782M411.62M
Net income34,423M254.01M
Diluted EPS78.760.58
Dividends Per Share250.18
Total Assets2,520.60B18,939.08M
Total liabilities1,663.64B12,500.12M
Total equity816,288M6,133.35M
Operating cash flow286,589M2,114.77M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,487.26B 1,385.91B 481,225M 682,713M 1,375.58B
Gross Profit 412,028M 776,730M 94,246M 240,188M 708,835M
Operating income 176,161M 83,078M -392,666M -253,600M 47,874M
Income before tax 156,240M 86,753M -396,496M -236,716M 55,782M
Net income 150,807M 48,057M -286,693M -177,552M 34,423M
EBITDA 300,265M 245,502M -210,177M -75,110M 205,328M
Diluted EPS 432.10 140.03 -764.99 -406.28 78.76
Dividends Per Share 110 55 0 0 25
Total Assets 2,030.32B 1,982.25B 2,107.27B 2,375.72B 2,520.60B
Total liabilities 830,188M 932,634M 1,125.74B 1,529.65B 1,663.64B
Total equity 1,165.13B 1,014.29B 947,459M 799,736M 816,288M
Operating cash flow 296,717M 83,505M -218,625M -107,299M 286,589M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 13,411.47M 12,746.87M 4,537.40M 6,075.43M 10,150.64M
Gross Profit 3,715.48M 7,143.93M 888.63M 2,137.42M 5,230.58M
Operating income 1,588.54M 764.10M -3,702.39M -2,256.77M 353.26M
Income before tax 1,408.90M 797.90M -3,738.50M -2,106.52M 411.62M
Net income 1,359.91M 442.00M -2,703.18M -1,580.02M 254.01M
EBITDA 2,707.65M 2,257.99M -1,981.72M -668.40M 1,515.14M
Diluted EPS 3.89 1.28 -7.21 -3.61 0.58
Dividends Per Share 0.99 0.50 0 0 0.18
Total Assets 18,343.29M 18,361.85M 19,070.39M 19,573.42M 18,939.08M
Total liabilities 7,500.45M 8,639.09M 10,187.69M 12,602.70M 12,500.12M
Total equity 10,526.57M 9,395.53M 8,574.28M 6,588.96M 6,133.35M
Operating cash flow 2,675.66M 768.03M -2,061.38M -954.84M 2,114.77M

Valuation Measures

Mar 2023
Operating margin3.48%
Profit margin2.50%


  • Executive President, CEO & Representative Director: Yuji Akasaka
  • Executive Officer & General Manager-Operations: Takahiro Abe
  • Executive Officer & GM-IT Planning: Toshiki Oka
  • Representative Director & Vice President: Shinichiro Shimizu
  • Executive Officer: Hiroki Kato


  • Nomura Asset Management Co., Ltd. (6.1%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.6%)
  • Nikko Asset Management Co., Ltd. (2.8%)
  • Daiwa Asset Management Co. Ltd. (2.5%)
  • BlackRock Japan Co., Ltd. (2.2%)
  • Kyocera Corp. (1.7%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (1.1%)
  • Daiwa Securities Group, Inc. (1.1%)
  • The Vanguard Group, Inc. (1.1%)
  • BlackRock Fund Advisors (1.1%)

Contact Details

  • Website:
  • Address: Nomura Fudosan Tennozu Building, 2-4-11 Higashi-Shinagawa, Tokyo, 140-0002, Japan
  • Phone: +81.3.5460.3068

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Last Updated on 25 Sep, 2023

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