Top Message

TOTTORI Mitsuko
Representative Director, President
Chief Executive Officer
Japan Airlines Co., Ltd

March, 2026

We sincerely thank our shareholders and investors for their continued trust and support.

The fiscal year 2025 is positioned as the final year of the current medium-term management plan, marking the JAL Group’s transition toward growth following the rebuilding of its financial foundation.

The plan is progressing steadily, and in the third quarter, the Group achieved year-on-year increases in both revenue and profit. Reflecting the latest revenue and operating expenses, the full-year consolidated financial forecast has been revised upward to revenue of ¥2 trillion, representing an increase of ¥23.0 billion compared to the previous forecast, EBIT of ¥205.0 billion (up by ¥5.0 billion), and net profit of ¥123.0 billion (up by ¥8.0 billion).
At the same time, the dividend forecast has also been revised upward to a year-end dividend of ¥50 per share (an increase of ¥4 compared to the previous forecast) and full-year dividend of ¥96 per share (an increase of ¥4).

For the full-year fiscal 2026 forecast, revenue growth is expected mainly due to increased domestic passenger income driven by higher unit prices, continued strong inbound demand, and recovery of outbound demand originating from Japan. On the other hand, operating expenses are expected to increase due to yen depreciation, inflationary pressures, and proactive investments in human capital, including wage increases.
As a result, revenue is forecasted to be ¥2 trillion 95.0 billion, with EBIT of ¥180.0 billion and net profit of ¥110.0 billion. To sustain earnings growth going forward, dividends for fiscal year 2026 will be maintained at the same level as fiscal year 2025, with an annual dividend forecast of ¥96 per share, including an interim dividend forecast of ¥48 per share.

The JAL Group has formulated a new growth strategy, "JAL Group Management Vision 2035," looking ahead to the year 2035.
Going beyond the conventional framework of five-year plans, this vision describes the “desired future state” ten years from now and the path to achieve it. Building on the Group’s foundation of “unwavering safety,” we will take on radical transformation unfettered by the status quo, with a focus on the decade ahead. Through these efforts, we aim to evolve into a corporate group that balances the creation of social value with sustainable growth.

We sincerely ask for your continued support and encouragement going forward.