Annual Report Japan Airlines Corporation at a Glance Consolidated Financial Highlights Consolidated Operating Highlights Message from the Management Interview with the Group CEO Dream Skyward II: Stepping-stone to become "the world' s No.1 airline group" Review of Operations Corporate Social Responsibility (CSR) Activities Management's Review and Analysis of Financial Position Consolidated Balance Sheets Consolidated Statements of Operations Consolidated Statements of Stockholder' Equity (Note8) Consolidated Statements of Cash Flows Notes to Consolidated Financial Statements Report of Independent Auditors Consolidated Subsidiaries JAL and Its Subsidiaries and Affiliates Directory JAL Group Route Network Board of Directors Investor Information

Corporate Social Responsibility (CSR) Activities

The JAL Group remains at all times a corporate group for which safety constitutes its very foundation, and which fulfills its obligations as a corporate citizen and contributes to society at large. To that end it has established its Corporate Social Responsibility (CSR) Committee, which is dedicated to addressing issues such as environmental preservation activities, compliance, investor relations, and corporate philanthropy.

The JAL Group is committed to playing its role as a corporate citizen by engaging in activities that contribute to the healthy development of society. Efforts to help protect the earth’s environment constitute a prime example. In fulfilling our mission as an institution providing public transportation we impose a burden on the environment in such ways as the consumption of fossil fuels and the creation of noise, and we therefore recognize environmental preservation as an important management issue. Accordingly, at the time of the business integration in October 2002, a common Group Basic Environmental Policy and Environmental Action Guidelines were instituted. At the same time, Japan Airline System Corporation established the JAL Group Environmental Committee, which formulates Group environmental policies and has guided the conduct and thorough implementation of environmental activities. Since fiscal 2004 its status has been changed to that of the environmental subcommittee of the CSR Committee, and in that capacity it has stepped up its activities on behalf of the environment.

  The Group strives constantly to contribute to both the local and international communities as a good corporate citizen. Examples are its efforts to assist the creation of a barrier-free society by making increased efforts in the configuration of fixtures within airliners and by enhancing its services tailored to the needs of handicapped passengers. Another example is its philanthropic activities designed to make use of the characteristics of air transportation and related businesses.

  The Group’s corporate activities are global in scope and are built on relations with customers, people with whom it does business, and large numbers of other people with whom it interacts, such as regulatory bodies and government agencies. In the conduct of its corporate activities within Japan and overseas, the Group is highly conscientious in the observance of all relevant laws and other social rules. In the sphere of disclosure the Group is scrupulous in disclosing information that is of use to society, and is in constant communication with society. In addition, it attaches great importance to relations with its shareholders and investors. To ensure constant understanding of what it is doing, by such means as regular publications for shareholders it discloses information concerning corporate management and business operations quickly and accurately.

  The mission of the JAL Group is to be liked by its customers, to give them satisfaction, and to earn their loyalty. To achieve these goals, in all companies throughout the Group we will maintain our dedication to acting constantly with the good of society as a whole in mind, and of fulfilling our social responsibilities.

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