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Japan Airlines, Apr-Dec (Cumulative 3Q) Net Income Increases by 25%, Oct-Dec Net Income Increases by 12%

Tue Feb 3, 2026 12:00 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) at noon (12:00) on February 3rd. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 24.9% from the same period last year, reaching 113 billion yen. Progress toward the full-year plan of 115 billion yen was 98.9%, also surpassing the five-year average of 74.1%.

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 significant drop 92.1% from the same period last year to 1.25 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 12.0% from the same period last year, reaching 46.0 billion yen.

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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, 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 85.8 Feb 4, 2025 IFRS
Apr - Dec, 2025 1,513,758 174,323 170,372 113,742 254.1 ー Feb 3, 2026 IFRS
YoY +9.2% +22.1% +25.0% +24.9% +21.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 942,278 82,701 82,599 57,160 130.9 46 May 2, 2025 IFRS
Oct - Mar, 2025 Guidance 993,080 ー ー 47,353 110.0 46 Oct 30, 2025 IFRS
YoY +5.4% － － -17.2% -15.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,651,890 140,932 139,306 95,534 218.6 75 May 2, 2024 IFRS
Mar, 2025 1,844,095 168,605 158,900 107,038 245.1 86 May 2, 2025 IFRS
Mar, 2026 Guidance 1,977,000 ー ー 115,000 267.2 92 May 2, 2025 IFRS
YoY +7.2% － － +7.4% +9.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 484,123 56,870 60,028 41,169 94.3 11.7 Feb 4, 2025 IFRS
Jan - Mar, 2025 458,155 25,831 22,571 15,991 36.6 5.6 May 2, 2025 IFRS
Apr - Jun, 2025 471,083 43,317 40,861 27,081 60.0 9.2 Jul 30, 2025 IFRS
Jul - Sep, 2025 512,837 ー 61,928 40,566 90.0 0.0 Oct 30, 2025 IFRS
Oct - Dec, 2025 529,838 ー 67,583 46,095 103.0 0.0 Feb 3, 2026 IFRS
YoY +9.4% － +12.6% +12.0% +9.2%

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