At Japan Airlines, we disclose information in accordance with the stipulations of the laws of Japan (principally, the Commercial Code and the Securities and Exchange Law) and the rules and regulations set forth by the Tokyo Stock Exchange (TSE) and other stock exchanges regarding the appropriate disclosure of information by issuing companies of listed marketable securities (hereinafter referred to as “Rules and Regulations for Appropriate Disclosure”). The information disclosed includes important items pertaining to management decisions, events and accounting that may have an impact on investment decisions. In addition, to respond to the requests of our shareholders and investors, the Company discloses to the fullest extent possible information that is not covered by the Rules and Regulations for Appropriate Disclosure.

Certain statements made in the materials contained in this Web site, including some management targets, may contain forward-looking statements which reflect management's views and assumptions. The management targets represent goals that management will strive to achieve through the successful implementation of JAL's business strategies. JAL may not be successful in implementing its business strategies, and management may fail to achieve its targets. The management targets and other forward-looking statements involve current assumptions of future events as well as risks and uncertainties that could significantly affect expected results, including failure to successfully implement our medium term business plan; adverse economic or political conditions in Japan or other countries; increased jet fuel prices; negative changes in foreign exchange rates; difficulties or delays in integrating our businesses and achieving desired cost savings; increased competitive pressures; and changes in laws and regulations applicable to our business. Please see our latest Annual Report for additional information regarding the risks in our businesses. To the extent materials containing forward-looking statements remain on our Web site, we have no obligation or intent to update those forward-looking statements.

With regard to information that falls into the categories defined in the Rules and Regulations for Appropriate Disclosure, the Company will make the information public on the TSE’s TDNet (Timely Disclosure Network). In addition, the Company will also disclose the information on the ED-NET (Electronic Disclosure Network), a similar system managed by the Osaka Securities Exchange. After the release of such information, the information is posted on the Company’s website as soon as possible. However, disclosure through the Company’s website may, in certain cases, be substantially delayed.
Furthermore, we will make every effort to accurately and fairly disclose to shareholders and investors information that is not covered by the Rules and Regulations of Appropriate Disclosure. Therefore, shareholders and other investors are strongly recommended to access the websites of the TDNet and the ED-NET to confirm the information subject to the Rules and Regulations of Appropriate Disclosure.

In order to prevent the leakage of information that may affect share prices, JAL has established a “Period of Silence,” whereby the Company does not make any comment or respond to questions regarding business performance during the period between the day immediately following the balance sheet date and the date on which the financial statements are made public. However, in the event that we find a major discrepancy from projections during the Period of Silence, we will disclose the relevant information in accordance with the Rules and Regulations for Appropriate Disclosure.

The information on this website is intended for the sole purpose of increasing understanding of the Company’s nature and business activities among persons outside the Company, and not to solicit investments. Investors are advised to make their own judgments regarding investment decisions.

We will make the utmost effort to ensure the accuracy of the information made public through this website. However, the Company will not accept responsibility for any damage that may be attributable to inaccuracy of information contained in its website or to errors generated during procedures for downloading.