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Japan Airlines, Apr-Dec (Cumulative 3Q) Net Income Increases by 6%, Oct-Dec Net Income Increases by 70%

Tue Feb 4, 2025 3:30 pm JST Earnings

9201 Japan Airlines Co., Ltd. 【IFRS】

Earnings Report

Japan Airlines Co., Ltd. <9201> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 4th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 6.0% from the same period last year, reaching 91 billion yen. The progress rate toward the full-year plan of 100 billion yen was 91.0%, it was below the five-year average of 97.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to decrease 7.3% from the same period last year to 8.95 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income increased 70.1% from the same period last year, reaching 41.1 billion yen. The operating profit margin improved from 8.8% in the same period last year to 11.7%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 1,005,590 33,942 24,665 16,313 37.3 47.0 Feb 2, 2023 IFRS
Apr - Dec, 2023 1,249,365 125,952 123,970 85,872 196.5 89.0 Feb 2, 2024 IFRS
Apr - Dec, 2024 1,385,940 142,774 136,329 91,047 208.5 Feb 4, 2025 IFRS
YoY +10.9% +13.4% +10.0% +6.0% +6.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 830,952 52,545 50,211 33,863 77.5 45 May 2, 2024 IFRS
Oct - Mar, 2024 Guidance 1,028,183 50,122 114.8 40 Nov 1, 2024 IFRS
YoY +23.7% +48.0% +48.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,375,589 65,059 52,429 34,423 78.8 25 May 2, 2023 IFRS
Mar, 2024 1,651,890 140,932 139,306 95,534 218.6 75 May 2, 2024 IFRS
Mar, 2025 Guidance 1,930,000 100,000 229.1 80 May 2, 2024 IFRS
YoY +16.8% +4.7% +4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 428,427 37,565 34,875 24,201 55.4 8.8 Feb 2, 2024 IFRS
Jan - Mar, 2024 402,525 14,980 15,336 9,662 22.1 3.7 May 2, 2024 IFRS
Apr - Jun, 2024 424,065 19,608 21,200 13,984 32.0 4.6 Jul 31, 2024 IFRS
Jul - Sep, 2024 477,752 66,296 55,101 35,894 82.2 13.9 Nov 1, 2024 IFRS
Oct - Dec, 2024 484,123 56,870 60,028 41,169 94.3 11.7 Feb 4, 2025 IFRS
YoY +13.0% +51.4% +72.1% +70.1% +70.2%

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