Annual Report Profile JAL Group Overview Consolidated Financial Highlights Consolidated Operating Highlights Message from the Group CEO Interview with the Group CEO Spreading New Wings of Trust Review of Operations Fundamental Policies and Actions Regarding Corporate Governance 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

Consolidated Subsidiaries

Japan Airlines Corporation and Consolidated Subsidiaries

Company Name	Date of Establishment	Paid-in Capital	JAL’s Equity Ownership (%)	Principal Business
JAPAN AIRLINES INTERNATIONAL CO., LTD.	October 1, 1953	¥ 188,550 million	100.0	Air Transport
JAPAN AIRLINES DOMESTIC CO., LTD.	April 15, 1964	¥ 21,486 million	100.0	Air Transport
HARLEQUIN AIR CO., LTD.	January 20, 1997	¥20 million	100.0*	Air Transport
HOKKAIDO AIR SYSTEM CO., LTD.	September 30, 1997	¥ 490 million	51.0*	Air Transport
J AIR CO., LTD.	August 8, 1996	¥ 200 million	100.0*	Air Transport
JAL EXPRESS CO., LTD.	April 1, 1997	¥2,500 million	100.0*	Air Transport
JALWAYS CO., LTD.	October 5, 1990	¥ 3,000 million	100.0*	Air Transport
JAPAN AIR COMMUTER CO., LTD.	July 1, 1983	¥ 300 million	60.0*	Air Transport
JAPAN ASIA AIRWAYS CO., LTD.	August 8, 1975	¥ 4,310 million	100*	Air Transport
JAPAN TRANS OCEAN AIR CO., LTD.	June 20, 1967	¥ 4,537 million	51.1*	Air Transport
RYUKYU AIR COMMUTER CO., LTD.	December 24, 1985	¥ 396 million	70.3*	Air Transport
JAL CARGO SALES CO., LTD.	January 22, 2001	¥ 50 million	100.0*	Air Cargo
JAL KANSAI AIRCARGO SYSTEM CO., LTD.	December 10, 1975	¥ 123 million	54.3*	Air Cargo
JAL LOGISTICS INC.	March 28, 1970	¥ 144 million	100.0*	Air Cargo
JALTOS CO., LTD.	October 14, 1982	¥ 50 million	100*	Air Cargo
JUPITER GLOBAL LIMITED	May 17, 1983	HK$ 1 million	80.0*	Air Cargo
NARITA LOGISTIC TERMINAL CO.,LTD.	April 1, 2003	¥ 100 million	100.0*	Air Cargo
NISHINIHON AIR CARGO SERVICE COMPANY LIMITED	June 1, 1987	¥ 20 million	80.0*	Air Cargo
CHITOSE AIRPORT FUELLING FACILITIES COMPANY, LTD.	August 5, 1977	¥ 200 million	60.0*	Aircraft Fuels
JAPAN FUEL TRADING CO., LTD.	November 16, 1988	¥ 25 million	100.0*	Aircraft Fuels
OKINAWA FUELLING FACILITIES CO., LTD.	November 1, 1974	¥ 100 million	60.0*	Aircraft Fuels
PACIFIC FUEL TRADING CORPORATION	November 1, 1982	US$ 1 million	100.0*	Aircraft Fuels
JAL AIRTECH CO.,LTD.	September 11, 1958	¥ 315 million	70.0*	Aircraft Maintenance
JAL AVIATION TECHNOLOGIES CO., LTD.	July 1, 1988	¥ 47 million	100.0*	Aircraft Maintenance
JAL ENGINE TECHNOLOGIES CO., LTD.	October 1, 1988	¥ 80 million	100.0*	Aircraft Maintenance
JAL MAINTENANCE SERVICE CO., LTD.	February 10, 1982	¥ 10 million	100.0*	Aircraft Maintenance
JAL MAINTENANCE SUPPORT CO., LTD.	June 29, 1993	¥ 10 million	100.0*	Aircraft Maintenance
JAL NARITA AIRCRAFT MAINTENANCE CO., LTD.	April 1, 1988	¥ 28 million	100.0*	Aircraft Maintenance
JAL SIMULATOR ENGINEERING CO.,LTD.	December 1, 2003	¥ 10 million	100.0*	Aircraft Maintenance
JAL TECHNO SERVICE CO.,LTD.	August 24, 1977	¥ 20 million	81.3*	Aircraft Maintenance
JAL TOKYO AIRCRAFT MAINTENANCE CO., LTD.	April 1, 1983	¥ 12 million	100.0*	Aircraft Maintenance
NIHON SERVICE CO., LTD.	November 11, 1969	¥ 12 million	68.3*	Aircraft Maintenance
AGP CORPORATION	December 16, 1965	¥ 2,038 million	63.0	Airport-Related Services
AGS AIR CARGO SERVICE COMPANY, LIMITED	September 2, 1999	¥ 50 million	100.0*	Airport-Related Services
AGS SKYSUPPORT COMPANY, LIMITED	July 6, 2001	¥ 20 million	100.0*	Airport-Related Services
AIRPORT GROUND SERVICE CO., LTD.	March 1, 1957	¥ 474 million	100*	Airport-Related Services
GROUND AIR SERVICE CO., LTD.	February 15, 1968	¥ 24 million	100.0*	Airport-Related Services
HOKKAIDO AIR SERVICE CO., LTD.	November 20, 1974	¥ 40 million	65.0*	Airport-Related Services
JAL ABC,INC.	December 15, 1977	¥ 100 million	51.0*	Airport-Related Services
JAL HAWAII, INCORPORATED	July 1, 1998	US$ 100,000	100.0*	Airport-Related Services
JAL NAVIA FUKUOKA CO.,LTD.	April 16, 1990	¥ 10 million	100.0*	Airport-Related Services
JAL NAVIA OSAKA CO.,LTD.	November 16, 1988	¥ 10 million	100.0*	Airport-Related Services
JAL NAVIA SAPPORO CO.,LTD.	October 1, 2003	¥ 10 million	100.0*	Airport-Related Services
JAL NAVIA TOKYO CO.,LTD.	May 8, 1997	¥ 10 million	100.0*	Airport-Related Services
JAL PASSENGER SERVICES AMERICA INCORPORATED	January 26, 1996	US$ 205,000	100.0*	Airport-Related Services
JAL PLAZA CO., LTD.	December 1, 1988	¥ 50 million	100.0*	Airport-Related Services
JAL SKY SERVICE CO., LTD.	September 13, 1982	¥ 100 million	100.0*	Airport-Related Services
JAL WAVE CO., LTD.	December 1, 1998	¥ 30 million	100.0*	Airport-Related Services
JALSKY FUKUSHIMA COMPANY, LTD.	September 21, 1992	¥ 15 million	100.0*	Airport-Related Services
JALSKY HAKODATE COMPANY, LTD.	May 9, 1989	¥ 15 million	100.0*	Airport-Related Services
JALSKY KANAZAWA COMPANY, LTD.	July 1, 1991	¥ 10 million	100.0*	Airport-Related Services
JALSKY KANSAI COMPANY, LTD.	June 1, 1992	¥ 50 million	100.0*	Airport-Related Services
JALSKY KYUSHU COMPANY, LTD.	April 3, 1986	¥ 30 million	100.0*	Airport-Related Services
JALSKY NAGASAKI COMPANY, LTD.	December 23, 1987	¥ 15 million	100.0*	Airport-Related Services
JALSKY NAGOYA COMPANY, LTD.	March 5, 1984	¥ 30 million	51.0*	Airport-Related Services
JALSKY OSAKA COMPANY, LTD.	January 26, 1988	¥ 30 million	100.0*	Airport-Related Services
JALSKY SAPPORO COMPANY, LTD.	December 24, 1987	¥ 30 million	100.0*	Airport-Related Services
JALSKY SENDAI COMPANY, LTD.	November 11, 1998	¥ 10 million	100.0*	Airport-Related Services
JALSKY TOKYO COMPANY, LTD.	February 2, 1998	¥ 50 million	100.0*	Airport-Related Services
JTA SOUTHERN SKY SERVICE CO., LTD.	June 5, 2000	¥ 20 million	100.0*	Airport-Related Services
KANSAI AIRPORT GROUND SERVICE CO., LTD.	April 14, 1989	¥ 96 million	100.0*	Airport-Related Services
NEW TOKYO SERVICE CO., LTD.	August 24, 1974	¥ 10 million	100.0*	Airport-Related Services
OKINAWA AIRPORT SERVICE CO., LTD.	October 1, 1965	¥ 33 million	100.0*	Airport-Related Services
SERVICE CREATION INC.	December 25, 1989	¥ 30 million	95.0*	Airport-Related Services
TOA AIR SERVICE CO., LTD.	February 10, 1976	¥ 25 million	100.0*	Airport-Related Services
INFLIGHT FOODS CO., LTD.	June 25, 1986	¥ 100 million	100.0*	Catering
INTERNATIONAL CATERING LTD.	October 14, 1982	GBP 4 million	100.0*	Catering
INTERNATIONAL IN-FLIGHT CATERING CO., LTD.	July 20, 1971	US$ 2 million	56.7*	Catering
JAL ROYAL CATERING CO., LTD.	January 28, 1992	¥ 2,000 million	51.0*	Catering
NARITA DRY ICE CO., LTD.	August 25, 1981	¥ 50 million	100.0*	Catering
NIKKO INFLIGHT CATERING CO., LTD.	November 15, 1984	US$ 2 million	100.0*	Catering
TFK CORPORATION	December 9, 1959	¥ 497 million	50.7*	Catering
JAL ACADEMY CO., LTD.	June 10, 1985	¥ 50 million	100.0*	Cultural Activities and Publishing
JAL BRAND COMMUNICATIONS CO.,LTD.	March 8, 2004	¥ 100 million	100.0	Cultural Activities and Publishing
JAL BUSINESS CO., LTD.	November 8, 1979	¥ 100 million	100.0*	Cultural Activities and Publishing
JAL LIVRE CO., LTD.	October 1, 2002	¥ 50 million	100.0	Cultural Activities and Publishing
JAL SUNLIGHT CO., LTD.	November 15, 1995	¥ 20 million	100.0*	Cultural Activities and Publishing
OFFICIAL FILING CO., LTD.	February 10, 1984	¥ 10 million	89.0*	Cultural Activities and Publishing
JAL CAPITAL CO., LTD.	July 25, 1988	¥ 3,500 million	100.0	Financial Services
JAL CAPITAL CORPORATION	September 4, 1992	US$ 20	100.0*	Financial Services
JALCARD INC.	October 30, 1984	¥ 400 million	100.0*	Financial Services
JLC INSURANCE COMPANY LIMITED	November 22, 2002	US$ 2 million	100.0*	Financial Services
ASIA CREATIVE TOURS CO., LTD.	October 14, 1975	¥ 50 million	100.0*	Hotel and Travel Services
BENKAY (U.S.A.), INC.	February 6, 1986	US$ 1,000	100.0*	Hotel and Travel Services
CHITOSE INTERNATIONAL HOTEL CO., LTD.	April 13, 1978	¥ 2,317 million	85.3*	Hotel and Travel Services
CREATIVE GREETING SERVICE, INC.	October 1, 1991	US$ 10,000	100.0*	Hotel and Travel Services
CREATIVE TOURS (SINGAPORE) PTE. LTD.	May 1, 1979	S$ 100,000	100.0*	Hotel and Travel Services
CREATIVE TOURS LTD.	September 14, 1973	GBP 96,627	100.0*	Hotel and Travel Services
EURO CREATIVE TOURS (UK) LTD.	October 17, 1980	GBP 80,000	65.5*	Hotel and Travel Services
HAWAII HOTEL RESERVATION SYSTEM, INC.	October 1, 1997	US$ 10,000	100.0*	Hotel and Travel Services
HOTEL NEW NIKKO DE PARIS S.A.S.	June 5, 1996	EUR 1 million	100.0*	Hotel and Travel Services
HOTEL NIKKO (U.S.A.), INC.	July 18, 1984	US$ 1,000	100.0*	Hotel and Travel Services
HOTEL NIKKO ANNUPURI	November 5, 1984	¥ 980 million	70.5*	Hotel and Travel Services
HOTEL NIKKO OF SAN FRANCISCO, INC.	July 19, 1984	US$ 1,000	100.0*	Hotel and Travel Services
HOTEL NIKKO OSAKA CO., LTD.	December 10, 1980	¥ 100 million	100.0*	Hotel and Travel Services
HOTEL NIKKO SAIPAN, INC.	September 26, 1984	US$ 21 million	87.0*	Hotel and Travel Services
J INTER CO., LTD.	February 7, 1997	¥ 10 million	100.0*	Hotel and Travel Services
J PRO CO., LTD.	December 4, 1998	¥ 30 million	100.0*	Hotel and Travel Services
JAL HOTELS COMPANY LTD.	July 1, 1970	¥ 4,272 million	90.7*	Hotel and Travel Services
JAL SALES CO., LTD.	November 22, 1999	¥ 4,750 million	100.0	Hotel and Travel Services
JAL SALES OKINAWA CO., LTD.	July 5, 2000	¥ 50 million	100.0*	Hotel and Travel Services
JAL SATELLITE TRAVEL CO., LTD.	August 17, 1979	HK$ 750,000	100.0*	Hotel and Travel Services
JAL TOURS CO., LTD.	April 1, 1978	¥ 80 million	80.5*	Hotel and Travel Services
JAL TRAVEL CO.,LTD.	December 15, 1993	¥ 460 million	100.0*	Hotel and Travel Services
JAL TRAVEL HOKKAIDO CO.,LTD.	December 15, 1993	¥ 250 million	100.0*	Hotel and Travel Services
JAL TRAVEL KYUSHU CO.,LTD.	May 23, 1984	¥ 200 million	100.0*	Hotel and Travel Services
JAL TRAVEL NAGASAKI CO.,LTD.	April 1, 1977	¥ 10 million	73.0*	Hotel and Travel Services
JAL TRAVEL WESTERN JAPAN CO.,LTD.	November 18, 1994	¥ 240 million	100.0*	Hotel and Travel Services
JALPAK CO., LTD.	April 4, 1969	¥ 900 million	78.6*	Hotel and Travel Services
JALPAK DE MEXICO S.A. DE C.V.	April 1, 1987	MXN 2,273,639	100.0*	Hotel and Travel Services
JALPAK HOLDING U.S.A., INC.	April 1, 1999	US$ 100	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL (AUSTRIA) GES. M.B.H	March 19, 1985	EUR 72,672	75.0*	Hotel and Travel Services
JALPAK INTERNATIONAL (CHINA) CO., LTD.	November 13, 2003	US$ 600,000	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL (EUROPE) B.V.	November 1, 1979	EUR 907,560	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL (FRANCE) S.A.S.	April 1, 1974	EUR 160,000	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL (GERMANY) GMBH	October 26, 1979	EUR 102,258	90.0*	Hotel and Travel Services
JALPAK INTERNATIONAL (SPAIN) S.A.	September 21, 1982	EUR 180,303	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL (THAILAND) CO., LTD.	November 9, 2000	THB 6 million	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL AMERICA, INC.	July 29, 1970	US$ 2 million	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL ASIA PTE LTD.	February 4, 1997	S$ 100,000	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL HAWAII, INC.	April 1, 1990	US$ 1 million	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL HONG KONG CO., LTD.	May 31, 1974	HK$ 550,000	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL MICRONESIA, INC.	April 1, 1986	US$ 1 million	100.0*	Hotel and Travel Services
JALPAK INTERNATIONAL OCEANIA PTY LIMITED	March 27, 1984	A$ 500,000	100.0*	Hotel and Travel Services
JALPAK MALAYSIA SDN. BHD.	September 19, 1970	MYR 466,000	100.0*	Hotel and Travel Services
JALPAK SERVICE INC.	July 1, 1987	¥ 125 million	100.0*	Hotel and Travel Services
JALPAK TOUR & TRAVEL (THAILAND) CO., LTD.	October 1, 1979	THB 6 million	73.3*	Hotel and Travel Services
JALTOUR GMBH	June 1, 1993	EUR 76,693	100.0*	Hotel and Travel Services
JDC GUAM INC.	April 26, 1994	US$ 1,000	100.0*	Hotel and Travel Services
MICRONESIAN HOSPITALITY, INC.	January 15, 1975	US$ 160,235	62.6*	Hotel and Travel Services
NANSEI TOURIST DEVELOPMENT CO., LTD.	May 1, 1981	¥ 3,000 million	76.7*	Hotel and Travel Services
NARITA NIKKO HOTEL CO., LTD.	November 24, 1977	¥ 50 million	100.0*	Hotel and Travel Services
NEW NIKKO HOTEL CO., LTD.	January 12, 1999	¥ 25 million	100.0*	Hotel and Travel Services
NIKKO HOTELS (U.K.) LTD.	May 24, 1985	GBP 21 million	100.0*	Hotel and Travel Services
OKUMA BEACH LAND CO., LTD.	June 12, 1978	¥ 1,080 million	94.4*	Hotel and Travel Services
P.T. JALPAK INTERNATIONAL BALI	October 1, 2000	US$ 300,000	100.0*	Hotel and Travel Services
P.T. TAURINA TRAVEL JAYA	April 1, 1982	IDR 500 million	51.0*	Hotel and Travel Services
PACIFIC INVESTMENT HOLDINGS CORPORATION	April 5, 1990	US$ 59 million	100.0*	Hotel and Travel Services
JAL SHURI KANKO CO., LTD.	December 10, 1969	¥ 1,116 million	57.9*	Hotel and Travel Services
TOUR CREATE, INC.	April 1, 1994	US$ 10,000	100.0*	Hotel and Travel Services
TRANS QUALITY, INC.	June 1, 1990	US$ 200,000	100.0*	Hotel and Travel Services
UNIVERSAL HOLIDAYS, INC.	February 21, 1978	PHP 6 million	88.9*	Hotel and Travel Services
AXESS INTERNATIONAL NETWORK, INC.	July 1, 1991	¥ 700 million	75.0*	Information Services
JTA INFORMATION & COMMUNICATION CO., LTD.	April 16, 1984	¥ 50 million	100.0*	Information Services
JAS ASAHIKAWA RESORT DEVELOPMENT CO., LTD.	February 26, 1990	¥ 300 million	90.0*	Leisure and Tourism Services
TOMAKOMAI RYOKKA KAIHATSU CO., LTD.	April 10, 1989	¥ 50 million	51.0*	Leisure and Tourism Services
GLOBAL BUILDING CO., LTD.	April 14, 1989	¥ 100 million	100.0*	Real Estate and Construction
JAL CONSTRUCTION CO., LTD.	June 1, 1976	¥ 180 million	91.0*	Real Estate and Construction
JAPAN AIRLINES MANAGEMENT CORP.	October 20, 1989	US$ 93	100.0*	Real Estate and Construction
PACIFIC BUSINESS BASE, INC.	October 20, 1989	US$ 400	100.0*	Real Estate and Construction
JAL AEROPARTS CO., LTD.	December 4, 1990	¥ 490 million	100.0*	Trading
JAL-DFS CO., LTD.	July 1, 1992	¥ 300 million	60.0*	Trading
JALUX AMERICAS, INC.	April 26, 1982	US$5 million	100.0*	Trading
JALUX EUROPE LIMITED	April 13, 1972	GBP 1 million	100.0*	Trading
JALUX INC.	March 28, 1962	¥ 2,558 million	51.8*	Trading
JTA TRADING CO., LTD.	July 1, 1985	¥ 20 million	100.0*	Trading

* Includes holdings of the parent company and those of subsidiaries and affiliates.

 

Notes:

The name JAPAN AIRLINES CO., LTD. has been changed to JAPAN AIRLINES INTERNATIONAL CO., LTD.

The name JAPAN AIR SYSTEM CO., LTD. has been changed to JAPAN AIRLINES DOMESTIC CO., LTD.

The name JAS MAINTENANCE SUPPORT CO., LTD. has been changed to JAL MAINTENANCE SUPPORT CO., LTD.

The name NAGOYA INTERNATIONAL SERVICE CO., LTD. has been changed to JALSKY NAGOYA COMPANY, LTD.

The name J SOUTHERN SKY SERVICE CO., LTD. has been changed to JTA SOUTHERN SKY SERVICE CO., LTD.

The name YAMATO SHOKUZAI CO., LTD. has been changed to INFLIGHT FOODS CO., LTD.

The name J SALES OKINAWA CO., LTD. has been changed to JAL SALES OKINAWA CO., LTD.

The name SATELLITE TOURS CO., LTD. has been changed to JAL SATELLITE TRAVEL CO., LTD.

The name REISEBURO CREATIVE TOURS GES. M.B.H has been changed to JALPAK INTERNATIONAL (AUSTRIA) GES. M.B.H

The name CREATIVE TOURS (EUROPE) B.V. has been changed to JALPAK INTERNATIONAL (EUROPE) B.V.

The name JCT INTERNATIONAL (FRANCE) S.A. has been changed to JALPAK INTERNATIONAL (FRANCE) S.A.S.

The name CREATIVE REISE GMBH has been changed to JALPAK INTERNATIONAL (GERMANY) GMBH

The name CREATIVE TOURS (SPAIN) S.A. has been changed to JALPAK INTERNATIONAL (SPAIN) S.A.

The name JAS AIRCRAFT CO., LTD has been changed to JAL AEROPARTS CO., LTD.

The name JAL/DFS DUTY FREE SHOPPERS CO., LTD. has been changed to JAL-DFS CO., LTD.

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