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92012027 Q1PrimeIFRS

Japan Airlines (9201) FY2027 Q1 Earnings Report

For FY2027 Q1, revenue came to ¥523.7B (+11.2% year on year) and operating income ¥10.8B (-75.0%). The segment drivers and cash flow follow.

Transportation & Logistics/Air Transportation


Financial Highlights

  • Net Sales: ¥523.74B
  • Operating Income: ¥10.84B
  • Net Income: ¥5.61B
  • EPS: ¥9.09

Income Statement

ItemCurrentPriorYoY %
Net Sales¥523.74B¥471.08B+11.2%
Operating Income¥10.84B¥43.32B−75.0%
Equity Method Investment Income¥596M¥211M+182.5%
Profit Before Tax¥9.91B¥40.86B−75.8%
Income Tax Expense¥4.30B¥12.75B−66.3%
Net Income¥5.61B¥28.11B−80.1%
Net Income Attributable to Owners¥5.35B¥27.08B−80.2%
Total Comprehensive Income−¥16.70B¥25.99B−164.3%
Basic EPS¥9.09¥60.04−84.9%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥1.60T¥1.45T+¥151.06B
Accounts Receivable¥252.03B¥254.58B−¥2.54B
Inventories¥74.39B¥60.61B+¥13.79B
Non-current Assets¥1.78T¥1.75T+¥23.97B
Property, Plant & Equipment¥1.25T¥1.26T−¥7.71B
Total Assets¥3.37T¥3.20T+¥175.03B
Accounts Payable¥228.81B¥208.69B+¥20.12B
Non-current Liabilities¥851.01B¥861.30B−¥10.28B
Total Liabilities¥1.88T¥1.86T+¥19.39B
Total Equity¥1.49T¥1.33T+¥155.64B
Capital Stock¥273.20B¥273.20B¥0
Capital Surplus¥464.80B¥270.54B+¥194.26B
Retained Earnings¥492.91B¥508.28B−¥15.37B
Treasury Stock−¥21.21B−¥21.21B¥0
Shareholders' Equity¥1.45T¥1.29T+¥157.70B
Equity Ratio42.9%40.3%+2.6%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥97.85B¥81.03B+¥16.83B
Investing Cash Flow−¥66.57B−¥24.27B−¥42.30B
Financing Cash Flow¥114.11B¥145.73B−¥31.62B
Cash and Cash Equivalents¥1.16T¥1.01T+¥147.24B
Free Cash Flow¥31.29B--

Profitability Ratios

ItemValue
Book Value Per Share¥2,499.09
Net Profit Margin1.0%
Debt-to-Equity Ratio1.26x
Effective Tax Rate43.4%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+11.2%
Operating Income YoY Change−75.0%
Profit Before Tax YoY Change−75.8%
Net Income YoY Change−80.0%
Net Income Attributable to Owners YoY Change−80.2%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)437.14M shares
Treasury Stock7.32M shares
Average Shares Outstanding429.83M shares
Book Value Per Share¥3,467.45

Segment Information

SegmentRevenueOperating Income
FullServiceCarrier¥409.73B−¥812M
LCC¥28.10B−¥134M
MileageFinanceAndCommerce¥37.85B¥12.05B
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥48.05B¥2.67B

※ セグメント利益の測定基礎: 税引前利益

Full Year Forecast

ItemForecast
Net Sales Forecast¥2.10T
Net Income Attributable to Owners Forecast¥110.00B
Dividend Per Share Forecast¥96.00