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Japan Airlines Co., Ltd. logo

Japan Airlines Co., Ltd.

9201.T

JPXIndustrialsAirlines, Airports & Air Services

Open in GoAI

Latest quote

¥3,007

+¥5.00 · +0.17%

Aug 24, 11:30 AM JST

9201.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Industry
Airlines, Airports & Air Services
Sector
Industrials
Headquarters
JP

Market position

Day range

Current ¥3,007

52-week range

Current ¥3,007

Open
¥3,020
Previous close
¥3,002
Volume
868.2K
Market cap
1.29T JPY
50-day average
¥2,923.64
+2.85% above average
200-day average
¥2,828.69
+6.30% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
977.91B JPY
P/E (TTM)
11.26×
P/B (TTM)
0.89×
P/S (TTM)
0.63×
EV / EBITDA
2.5×
Earnings yield
12.37%
Free cash flow yield
16.73%
Dividend yield
3.19%

Profitability & efficiency

Gross margin
70.05%
Operating margin
8.47%
Net margin
5.61%
Return on equity
10.67%
Return on assets
4.30%
Return on invested capital
6.16%

Financial health

Debt / equity
0.57×
Current ratio
1.44×
Altman Z-score
1.61
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends83%39%-4%-48%Gross margin, FY2022: 35.18%Gross margin, FY2023: 51.53%Gross margin, FY2024: 54.72%Gross margin, FY2025: 55.09%Gross margin, FY2026: 72.09%Operating margin, FY2022: -37.15%Operating margin, FY2023: 3.48%Operating margin, FY2024: 7.99%Operating margin, FY2025: 8.43%Operating margin, FY2026: 10.30%Net margin, FY2022: -26.01%Net margin, FY2023: 2.50%Net margin, FY2024: 5.78%Net margin, FY2025: 5.80%Net margin, FY2026: 6.84%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 35.18%. Gross margin FY2023 51.53%. Gross margin FY2024 54.72%. Gross margin FY2025 55.09%. Gross margin FY2026 72.09%. Operating margin FY2022 -37.15%. Operating margin FY2023 3.48%. Operating margin FY2024 7.99%. Operating margin FY2025 8.43%. Operating margin FY2026 10.30%. Net margin FY2022 -26.01%. Net margin FY2023 2.50%. Net margin FY2024 5.78%. Net margin FY2025 5.80%. Net margin FY2026 6.84%.

Income trends

Revenue

2.01T JPY+9.13%

Operating income

207.35B JPY+33.38%

Net income

137.61B JPY+28.56%
Income trends across reported periods2.24T JPY1.33T JPY426.23B JPY−480.21B JPYRevenue, FY2022: 682.71B JPYRevenue, FY2023: 1.38T JPYRevenue, FY2024: 1.65T JPYRevenue, FY2025: 1.84T JPYRevenue, FY2026: 2.01T JPYOperating income, FY2022: −253.6B JPYOperating income, FY2023: 47.87B JPYOperating income, FY2024: 132.04B JPYOperating income, FY2025: 155.46B JPYOperating income, FY2026: 207.35B JPYNet income, FY2022: −177.55B JPYNet income, FY2023: 34.42B JPYNet income, FY2024: 95.53B JPYNet income, FY2025: 107.04B JPYNet income, FY2026: 137.61B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 682.71B JPY. Revenue FY2023 1.38T JPY. Revenue FY2024 1.65T JPY. Revenue FY2025 1.84T JPY. Revenue FY2026 2.01T JPY. Operating income FY2022 −253.6B JPY. Operating income FY2023 47.87B JPY. Operating income FY2024 132.04B JPY. Operating income FY2025 155.46B JPY. Operating income FY2026 207.35B JPY. Net income FY2022 −177.55B JPY. Net income FY2023 34.42B JPY. Net income FY2024 95.53B JPY. Net income FY2025 107.04B JPY. Net income FY2026 137.61B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue2.01T JPY1.84T JPY1.65T JPY1.38T JPY682.71B JPY
Cost of goods sold561.63B JPY828.15B JPY747.89B JPY666.75B JPY442.53B JPY
Gross profit1.45T JPY1.02T JPY904B JPY708.84B JPY240.19B JPY
Selling, general, and administrative1.27T JPY863.41B JPY775.73B JPY675.74B JPY495.44B JPY
Operating expenses1.24T JPY860.49B JPY771.96B JPY660.96B JPY493.79B JPY
Interest income16.83B JPY2.58B JPY2.02B JPY1.33B JPY795M JPY
Interest expense17.5B JPY15.34B JPY15.21B JPY14.21B JPY9.11B JPY
Depreciation and amortization166.18B JPY155.83B JPY147.56B JPY157.45B JPY178.49B JPY
Operating income207.35B JPY155.46B JPY132.04B JPY47.87B JPY−253.6B JPY
Net income137.61B JPY107.04B JPY95.53B JPY34.42B JPY−177.55B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 3 misses, 0 met estimates
Average EPS surprise
+26.12%
11 comparable reports
Latest EPS result
8.75
Estimate 2.57 · Beat by 240.47%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates112.0875.4538.822.18Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 94.28, estimate 76.2, surprise +23.73%, Beat. Q2 2025, reported May 2, 2025: actual 36.64, estimate 26.79, surprise +36.77%, Beat. Q3 2025, reported Jul 30, 2025: actual 60.04, estimate 55.16, surprise +8.85%, Beat. Q4 2025, reported Oct 30, 2025: actual 93.88, estimate 93.81, surprise +0.07%, Beat. Q1 2026, reported Feb 3, 2026: actual 103.97, estimate 89.36, surprise +16.35%, Beat. Q2 2026, reported Apr 30, 2026: actual 52.88, estimate 47, surprise +12.51%, Beat. Q3 2026, reported Aug 3, 2026: actual 8.75, estimate 2.57, surprise +240.47%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 87.6, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates586.14B535.86B485.59B435.31BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 484.12B JPY, estimate 489.24B JPY, surprise -1.05%, Miss. Q2 2025, reported May 2, 2025: actual 458.16B JPY, estimate 457.85B JPY, surprise +0.07%, Beat. Q3 2025, reported Jul 30, 2025: actual 471.08B JPY, estimate 467.08B JPY, surprise +0.86%, Beat. Q4 2025, reported Oct 30, 2025: actual 512.84B JPY, estimate 517.64B JPY, surprise -0.93%, Miss. Q1 2026, reported Feb 3, 2026: actual 529.84B JPY, estimate 519.58B JPY, surprise +1.97%, Beat. Q2 2026, reported Apr 30, 2026: actual 498.76B JPY, estimate 490.17B JPY, surprise +1.75%, Beat. Q3 2026, reported Aug 3, 2026: actual 523.74B JPY, estimate 514.56B JPY, surprise +1.78%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 563.59B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥92.00

2025 complete year-18.2% since 2018

2026 partial: ¥50.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥48.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥48.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥50.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 24, 2026

Dividend

Ex-dividend Sep 29, 2025

¥46.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 10, 2025

Dividend

Ex-dividend Mar 28, 2025

¥46.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 25, 2025

Dividend

Ex-dividend Sep 27, 2024

¥40.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 5, 2024

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ETFs holding 9201.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
3.5B
Weight
0.12%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.5+0.12%
iShares Core Nikkei 225 ETF logoiShares Core Nikkei 225 ETF1329.T
Market value
3.22B
Weight
0.15%
AUM
2.12T JPY
Expense ratio
0.05%
Price / 1D
¥6,831-0.16%
iShares JPX-Nikkei 400 ETF logoiShares JPX-Nikkei 400 ETF1364.T
Market value
1.03B
Weight
0.17%
AUM
592.34B JPY
Expense ratio
0.05%
Price / 1D
¥3,765+0.11%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
39.03M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
25.9M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
Dimensional - International Value ETF logoDimensional - International Value ETFDFIV
Market value
21.68M
Weight
0.10%
AUM
22.06B USD
Expense ratio
0.27%
Price / 1D
$58.31+0.88%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
19.29M
Weight
0.01%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
Franklin International Low Volatility High Dividend Index ETF logoFranklin International Low Volatility High Dividend Index ETFLVHI
Market value
12.3M
Weight
0.21%
AUM
5.75B USD
Expense ratio
0.40%
Price / 1D
$42.98+0.56%

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