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

April, 2024

We would like to express our gratitude to our shareholders and investors for their continued support.

After completing the three years of the JAL Group Medium Term Management Plan for FY2021-2025, we expect to achieve an EBIT of 140 billion yen in FY2023, which is higher than the pre-COVID-19 pandemic level, and to pay an annual dividend of 70 yen per share (including an interim dividend of 30 yen). We would like to express my sincere gratitude for your warm support and cooperation to date.
Under the Medium Term Management Plan-Rolling Plan 2024 announced on March 21,2024, we aim to achieve further profit growth through business model reform and achieve our profit targets of 170 billion yen in EBIT for FY2024 and 200 billion yen in EBIT for FY2025 and each financial indicator (EBIT margin: 10% or higher, ROIC: 9%, ROE: 10% or higher) set forth in the management targets.

Regarding the allocation of management resources, we will enhance ESG investments, including investments in environmental responsiveness and human resources, in order to complete the Medium Term Management Plan and achieve further sustainable growth and development. In an effort to realize continuous and stable shareholder returns, the annual dividend forecast for FY2024 is 80 yen per share (dividend payout ratio: approximately 35%).

The JAL Group will continue to place the ESG strategy at the top of its agenda, creating relationships and societal connections through air transportation and enhancing corporate value for a sustainable future. We look forward to your continued support.

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