Japan Airlines Co Ltd
F:JAL

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Japan Airlines Co Ltd
F:JAL
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Price: 35.598 EUR -1.96% Market Closed
Market Cap: 8.3B EUR
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+51%
5Y
+132%
10Y
+43%
Operating Income
+
3Y
-
5Y
-
10Y
-9%
Net Income
+
3Y
-
5Y
-
10Y
-27%

Earnings Waterfall
Japan Airlines Co Ltd

Revenue
1.9T JPY
Cost of Revenue
-381.5B JPY
Gross Profit
1.5T JPY
Operating Expenses
-1.4T JPY
Operating Income
189.1B JPY
Other Expenses
-64.3B JPY
Net Income
124.8B JPY

Income Statement
Japan Airlines Co Ltd

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Income Statement
Currency: JPY
Jun-2004 Sep-2004 Dec-2004 Jun-2005 Sep-2005 Dec-2005 Jun-2006 Sep-2006 Dec-2006 Jun-2007 Sep-2007 Dec-2007 Jun-2008 Sep-2008 Dec-2008 Jun-2009 Sep-2009 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
6 786
0
0
5 844
0
0
4 931
0
0
5 108
0
0
4 576
0
0
3 931
0
854
1 690
2 468
3 182
2 894
2 589
2 314
2 078
1 972
1 865
1 765
1 665
1 539
1 423
1 212
1 172
1 061
946
942
843
815
832
844
798
805
863
831
803
0
0
0
1 332
0
0
0
2 926
0
0
0
7 660
0
0
0
12 520
0
0
0
13 498
0
0
0
0
0
0
Revenue
1 550 619
N/A
1 601 442
+3%
1 611 628
+1%
1 635 702
+1%
1 648 212
+1%
1 669 297
+1%
1 688 133
+1%
1 706 953
+1%
1 734 156
+2%
1 732 612
0%
1 727 087
0%
1 701 198
-1%
1 670 858
-2%
1 631 862
-2%
1 559 303
-4%
1 403 862
-10%
1 249 659
-11%
286 740
-77%
634 225
+121%
942 041
+49%
1 238 839
+32%
1 246 202
+1%
1 263 914
+1%
1 286 722
+2%
1 309 343
+2%
1 322 323
+1%
1 333 814
+1%
1 341 808
+1%
1 344 711
+0%
1 349 663
+0%
1 348 872
0%
1 345 734
0%
1 336 661
-1%
1 321 836
-1%
1 300 657
-2%
1 288 737
-1%
1 288 967
+0%
1 306 572
+1%
1 329 358
+2%
1 359 533
+2%
1 383 257
+2%
1 410 543
+2%
1 441 117
+2%
1 468 267
+2%
1 487 261
+1%
1 493 968
+0%
1 486 005
-1%
1 468 932
-1%
1 385 914
-6%
1 113 496
-20%
831 780
-25%
629 724
-24%
481 225
-24%
537 864
+12%
577 079
+7%
623 155
+8%
682 713
+10%
818 575
+20%
1 279 484
+56%
1 458 719
+14%
1 375 589
-6%
1 757 029
+28%
1 578 003
-10%
1 619 363
+3%
1 651 890
+2%
1 694 514
+3%
1 732 769
+2%
1 788 465
+3%
1 844 095
+3%
1 891 113
+3%
1 926 198
+2%
Gross Profit
Cost of Revenue
(1 248 483)
(1 215 736)
(1 238 563)
(1 272 257)
(1 346 076)
(1 383 774)
(1 401 279)
(1 425 815)
(1 446 550)
(1 423 815)
(1 401 888)
(1 345 060)
(1 309 477)
(1 317 587)
(1 325 917)
(1 278 997)
(1 179 582)
(217 217)
(443 354)
(664 399)
(884 004)
(898 922)
(921 634)
(945 618)
(970 098)
(983 505)
(993 366)
(995 716)
(986 723)
(970 853)
(956 851)
(945 313)
(931 902)
(929 901)
(922 161)
(917 340)
(926 936)
(939 003)
(954 088)
(975 151)
(993 635)
(1 014 595)
(1 039 662)
(1 060 665)
(1 075 233)
0
0
0
0
0
0
0
(230 379)
0
0
0
(290 478)
0
(154 838)
(241 670)
(577 115)
(402 760)
(338 550)
(347 892)
(677 322)
(371 913)
(379 133)
(374 999)
(755 935)
(379 505)
(381 458)
Gross Profit
302 136
N/A
385 706
+28%
373 065
-3%
363 445
-3%
302 136
-17%
285 523
-5%
286 854
+0%
281 138
-2%
287 606
+2%
308 797
+7%
325 199
+5%
356 138
+10%
361 381
+1%
314 275
-13%
233 386
-26%
124 865
-46%
70 077
-44%
69 523
-1%
190 871
+175%
277 642
+45%
354 835
+28%
347 280
-2%
342 280
-1%
341 104
0%
339 245
-1%
338 818
0%
340 448
+0%
346 092
+2%
357 988
+3%
378 810
+6%
392 021
+3%
400 421
+2%
404 759
+1%
391 935
-3%
378 496
-3%
371 397
-2%
362 031
-3%
367 569
+2%
375 270
+2%
384 382
+2%
389 622
+1%
395 948
+2%
401 455
+1%
407 602
+2%
412 028
+1%
0
N/A
0
N/A
0
N/A
0
N/A
0
N/A
0
N/A
0
N/A
250 846
N/A
0
N/A
0
N/A
0
N/A
392 235
N/A
0
N/A
463 685
N/A
763 920
+65%
798 474
+5%
1 354 269
+70%
1 239 453
-8%
1 271 471
+3%
974 568
-23%
1 322 601
+36%
1 353 636
+2%
1 413 466
+4%
1 088 160
-23%
1 511 608
+39%
1 544 740
+2%
Operating Income
Operating Expenses
(298 452)
(293 356)
(289 982)
(282 144)
(290 169)
(286 379)
(287 605)
(289 618)
(293 467)
(291 267)
(282 568)
(273 560)
(267 777)
(258 121)
(242 242)
(224 094)
(204 957)
(38 089)
(78 680)
(119 468)
(159 593)
(161 394)
(163 389)
(166 537)
(172 453)
(175 480)
(176 640)
(178 547)
(178 299)
(181 501)
(185 206)
(188 967)
(195 567)
(196 897)
(196 844)
(194 911)
(191 699)
(194 580)
(198 307)
(206 128)
(215 057)
(221 200)
(229 132)
(232 759)
(235 868)
(1 323 261)
(1 326 181)
(1 326 020)
(1 304 621)
(1 171 649)
(1 042 101)
(940 979)
(645 541)
(876 942)
(882 954)
(891 705)
(647 796)
(1 006 682)
(1 252 016)
(1 274 515)
(740 813)
(1 258 355)
(1 081 886)
(1 114 403)
(832 097)
(1 192 917)
(1 215 188)
(1 255 712)
(924 194)
(1 319 294)
(1 355 628)
Selling, General & Administrative
(298 452)
(293 288)
(289 982)
(282 144)
(291 610)
(286 379)
(287 605)
(289 718)
(293 467)
(291 267)
(278 657)
(273 560)
(266 341)
(267 935)
(242 242)
(223 740)
(204 957)
(38 088)
(78 680)
(119 468)
(159 592)
(161 393)
(163 387)
(166 534)
(172 452)
(175 480)
(176 638)
(178 547)
(178 298)
(181 498)
(185 206)
(188 967)
(195 567)
(196 898)
(196 844)
(194 910)
(191 698)
(194 579)
(198 306)
(206 127)
(215 055)
(221 197)
(229 131)
(232 756)
(235 867)
(255 481)
(271 475)
(287 573)
(291 317)
(280 023)
(271 040)
(258 085)
(254 809)
(250 773)
(246 473)
(245 298)
(245 724)
(255 017)
(332 472)
(343 741)
(292 312)
(369 943)
(310 858)
(324 438)
(334 089)
(343 287)
(351 544)
(357 967)
(363 471)
(371 289)
(380 323)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
(1 436)
0
0
(1 790)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(40 216)
(80 964)
(121 809)
(162 424)
(165 365)
(168 952)
(176 488)
(182 489)
(182 685)
(184 302)
(179 302)
(178 490)
(177 121)
(214 414)
(209 493)
(156 848)
(195 175)
(150 148)
(148 553)
(146 996)
(151 183)
(151 646)
(153 894)
(155 229)
(158 486)
(161 271)
Other Operating Expenses
0
(68)
0
0
1 441
0
0
100
0
0
(3 911)
0
0
9 814
0
1 436
0
(1)
0
0
(1)
(1)
0
(3)
(1)
0
(2)
0
(1)
(3)
0
0
0
1
0
0
(1)
(1)
(1)
(1)
(2)
(3)
(1)
(3)
(1)
(1 027 564)
(973 742)
(916 638)
(850 880)
(726 261)
(602 109)
(506 406)
(208 243)
(443 484)
(452 179)
(467 105)
(223 582)
(574 544)
(705 130)
(721 281)
(291 653)
(693 237)
(620 880)
(641 412)
(351 012)
(698 447)
(711 998)
(743 851)
(405 494)
(789 519)
(814 034)
Operating Income
3 684
N/A
92 350
+2 407%
83 083
-10%
81 301
-2%
11 967
-85%
(856)
N/A
(751)
+12%
(8 480)
-1 029%
(5 861)
+31%
17 530
N/A
42 631
+143%
82 578
+94%
93 604
+13%
56 154
-40%
(8 856)
N/A
(99 229)
-1 020%
(134 880)
-36%
31 434
N/A
112 191
+257%
158 174
+41%
195 242
+23%
185 886
-5%
178 891
-4%
174 567
-2%
166 792
-4%
163 338
-2%
163 808
+0%
167 545
+2%
179 689
+7%
197 309
+10%
206 815
+5%
211 454
+2%
209 192
-1%
195 038
-7%
181 652
-7%
176 486
-3%
170 332
-3%
172 989
+2%
176 963
+2%
178 254
+1%
174 565
-2%
174 748
+0%
172 323
-1%
174 843
+1%
176 160
+1%
170 707
-3%
159 824
-6%
142 912
-11%
81 293
-43%
(58 153)
N/A
(210 321)
-262%
(311 255)
-48%
(394 695)
-27%
(339 078)
+14%
(305 875)
+10%
(268 550)
+12%
(255 561)
+5%
(188 107)
+26%
(127 370)
+32%
(57 466)
+55%
57 661
N/A
95 914
+66%
157 567
+64%
157 068
0%
142 471
-9%
129 684
-9%
138 448
+7%
157 754
+14%
163 966
+4%
192 314
+17%
189 112
-2%
Pre-Tax Income
Interest Income Expense
(15 896)
(13 853)
(13 118)
(12 600)
(8 018)
(1 204)
29
12 420
12 680
22 820
14 956
16 091
5 792
15 853
(1 929)
(6 100)
(21 346)
(508)
(1 021)
(1 386)
(5 820)
(5 400)
(5 061)
(6 977)
(2 822)
(3 769)
(826)
730
(359)
390
(2 354)
(1 979)
(2 566)
(4 428)
58
3 089
3 190
6 726
4 306
2 666
2 319
1 511
908
(911)
2 958
2 888
2 690
4 050
3 073
(4 736)
(8 794)
(10 490)
(6 327)
(14 548)
(17 477)
(18 767)
(11 326)
(3 426)
3 394
(4 603)
(11 217)
(11 586)
(13 046)
(5 334)
(1 115)
(1 081)
(11 940)
(6 093)
(8 765)
(13 754)
(3 722)
Non-Reccuring Items
(1 348)
(8 524)
(8 223)
(8 078)
(13 212)
(8 938)
(7 606)
2 440
(2 410)
(3 731)
(39 595)
(49 396)
(50 726)
723
24 159
23 724
1 960
(334)
(454)
(202)
5 326
6 281
5 881
10 322
750
2 231
2 306
(3 105)
(5 495)
(6 009)
(4 545)
(2 920)
(1 838)
(1 165)
(3 321)
(5 392)
(2 235)
(2 728)
(2 630)
(1 310)
(1 529)
(1 119)
(469)
(655)
(9 121)
(8 527)
(8 227)
(8 659)
4 810
(3 321)
(3 232)
(3 776)
1 282
0
(6 911)
(5 905)
21 708
0
0
0
7 629
0
0
0
(376)
0
0
0
5 405
0
0
Gain/Loss on Disposition of Assets
(12 625)
(9 776)
(9 637)
(6 505)
319
(2 742)
(2 562)
(1 138)
(6 030)
(7 903)
(6 563)
(7 902)
0
0
0
0
0
89
948
1 002
(925)
(1 290)
(1 221)
(4 490)
(3 580)
(4 108)
(6 376)
(3 148)
(3 800)
(1 034)
(564)
(1 613)
0
(1 133)
(3 644)
(4 304)
(8 420)
(9 699)
(9 359)
(9 844)
(10 203)
(13 982)
(14 269)
(14 028)
(12 980)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
15 204
41 776
40 357
40 408
4 032
(6 754)
(5 175)
(7 534)
1 432
2 193
2 355
(435)
(7 395)
(11 464)
(10 618)
(12 246)
(15 242)
(278)
(1 058)
(3 549)
(3 346)
(4 484)
(7 748)
(822)
(1 093)
(1 053)
2 094
(1 261)
(134)
907
2 322
429
2 593
170
(1 731)
(509)
(89)
478
1 631
390
(2 672)
(1 125)
183
(979)
(777)
(11 615)
(9 365)
(5 432)
(1 027)
(3)
(4)
(3)
(4 338)
(3)
(7)
(8)
(1 438)
(6)
0
0
(1 644)
(2)
(1)
0
(1 674)
5
4
4
(1 706)
1
(2)
Pre-Tax Income
(10 981)
N/A
101 973
N/A
92 462
-9%
94 526
+2%
(4 912)
N/A
(20 494)
-317%
(16 065)
+22%
(2 292)
+86%
(189)
+92%
30 909
N/A
13 784
-55%
40 936
+197%
41 275
+1%
61 266
+48%
2 756
-96%
(93 851)
N/A
(169 508)
-81%
30 403
N/A
110 606
+264%
154 039
+39%
190 477
+24%
180 993
-5%
170 742
-6%
172 600
+1%
160 047
-7%
156 639
-2%
161 006
+3%
160 761
0%
169 901
+6%
191 563
+13%
201 674
+5%
205 371
+2%
207 381
+1%
188 482
-9%
173 014
-8%
169 370
-2%
162 778
-4%
167 766
+3%
170 911
+2%
170 156
0%
162 480
-5%
160 033
-2%
158 676
-1%
158 270
0%
156 240
-1%
153 453
-2%
144 922
-6%
132 871
-8%
88 149
-34%
(66 213)
N/A
(222 351)
-236%
(325 524)
-46%
(404 078)
-24%
(353 629)
+12%
(330 270)
+7%
(293 230)
+11%
(246 617)
+16%
(191 539)
+22%
(123 976)
+35%
(62 068)
+50%
52 429
N/A
84 326
+61%
144 520
+71%
151 733
+5%
139 306
-8%
128 608
-8%
126 512
-2%
151 665
+20%
158 900
+5%
178 561
+12%
185 388
+4%
Net Income
Tax Provision
(4 405)
(12 908)
(11 096)
(10 663)
(8 454)
(357)
7 206
(4 975)
(7 013)
(15 933)
(16 317)
(19 405)
(19 127)
(10 155)
(3 771)
(2 983)
325
(2 552)
(8 046)
(9 453)
(13 929)
(13 012)
(12 328)
(13 764)
10 338
10 062
7 884
6 251
(15 976)
(19 261)
(23 703)
(26 189)
(26 398)
(25 398)
(23 939)
(23 706)
8 087
8 040
6 401
6 153
(21 485)
(21 364)
(22 900)
(25 670)
(1 096)
(3 122)
(9 173)
(9 485)
(36 137)
9 216
54 722
85 000
116 202
102 702
98 693
88 871
65 272
48 042
25 810
6 701
(18 553)
(28 103)
(45 571)
(47 220)
(43 394)
(41 234)
(39 966)
(47 872)
(46 264)
(51 621)
(53 819)
Income from Continuing Operations
(15 386)
89 065
81 366
83 863
(13 366)
(20 851)
(8 859)
(7 267)
(7 202)
14 976
(2 533)
21 531
22 148
51 111
(1 015)
(96 834)
(169 183)
27 851
102 560
144 586
176 548
167 981
158 414
158 836
170 385
166 701
168 890
167 012
153 925
172 302
177 971
179 182
180 983
163 084
149 075
145 664
170 865
175 806
177 312
176 309
140 995
138 669
135 776
132 600
155 144
150 331
135 749
123 386
52 012
(56 997)
(167 629)
(240 524)
(287 876)
(250 927)
(231 577)
(204 359)
(181 345)
(143 497)
(98 166)
(55 367)
33 876
56 223
98 949
104 513
95 912
87 374
86 546
103 793
112 636
126 940
131 569
Income to Minority Interest
(1 970)
(2 380)
(2 124)
(2 236)
(2 400)
(2 250)
(2 645)
(2 279)
(2 174)
(1 863)
(1 048)
(1 080)
(823)
(1 293)
(910)
(709)
(636)
(911)
(2 841)
(3 949)
(4 875)
(4 910)
(4 519)
(4 298)
(4 134)
(4 009)
(4 256)
(4 579)
(4 880)
(5 426)
(5 850)
(6 135)
(6 514)
(6 504)
(6 600)
(6 598)
(6 690)
(6 788)
(6 579)
(6 292)
(5 588)
(5 279)
(4 934)
(4 720)
(4 337)
(4 111)
(4 175)
(4 332)
(3 955)
(1 611)
295
1 017
1 182
22
1 135
2 065
3 793
4 303
3 869
2 888
547
1 263
(694)
(528)
(377)
(917)
(2 803)
(3 083)
(5 597)
(6 803)
(6 761)
Net Income (Common)
(17 356)
N/A
86 685
N/A
79 242
-9%
81 628
+3%
(15 765)
N/A
(23 099)
-47%
(11 505)
+50%
(9 549)
+17%
(9 375)
+2%
13 116
N/A
(3 576)
N/A
20 448
N/A
21 324
+4%
49 813
+134%
(1 924)
N/A
(97 546)
-4 970%
(169 815)
-74%
26 939
N/A
99 718
+270%
140 636
+41%
171 672
+22%
163 070
-5%
153 894
-6%
154 537
+0%
166 251
+8%
162 692
-2%
164 634
+1%
162 434
-1%
149 045
-8%
166 877
+12%
172 120
+3%
173 046
+1%
174 468
+1%
156 578
-10%
142 475
-9%
139 065
-2%
164 174
+18%
169 017
+3%
170 731
+1%
170 017
0%
135 406
-20%
133 389
-1%
130 842
-2%
127 878
-2%
150 807
+18%
146 219
-3%
131 571
-10%
119 052
-10%
48 057
-60%
(58 608)
N/A
(167 331)
-186%
(239 504)
-43%
(286 693)
-20%
(250 902)
+12%
(230 439)
+8%
(202 291)
+12%
(177 551)
+12%
(139 190)
+22%
(94 292)
+32%
(52 476)
+44%
34 423
N/A
57 486
+67%
98 252
+71%
103 982
+6%
95 534
-8%
86 455
-10%
83 741
-3%
100 709
+20%
107 038
+6%
120 135
+12%
124 807
+4%
EPS (Diluted)
-4.39
N/A
17.7
N/A
18
+2%
20.61
+15%
-3.93
N/A
-5.83
-48%
-2.91
+50%
-1.53
+47%
-2.12
-39%
2.4
N/A
-0.62
N/A
3.68
N/A
3.9
+6%
6.13
+57%
-0.67
N/A
-17.88
-2 569%
-30.77
-72%
74.21
N/A
274.7
+270%
387.42
+41%
472.92
+22%
449.22
-5%
423.95
-6%
425.72
+0%
457.99
+8%
448.18
-2%
453.53
+1%
447.47
-1%
411.06
-8%
459.71
+12%
474.15
+3%
476.71
+1%
481.29
+1%
431.34
-10%
392.49
-9%
387.36
-1%
456.55
+18%
477.44
+5%
482.29
+1%
480.27
0%
383.22
-20%
382.2
0%
374.9
-2%
366.55
-2%
432.1
+18%
420.13
-3%
381.73
-9%
348.08
-9%
140.04
-60%
-173.9
N/A
-496.52
-186%
-607.46
-22%
-764.99
-26%
-574.13
+25%
-527.31
+8%
-462.9
+12%
-406.29
+12%
-318.51
+22%
-215.77
+32%
-120.08
+44%
78.77
N/A
131.54
+67%
224.83
+71%
237.94
+6%
218.61
-8%
197.84
-10%
191.73
-3%
230.67
+20%
245.09
+6%
275.18
+12%
285.87
+4%

See Also

Summary
JAL intrinsic value, competitors valuation, and company profile.
DCF Valuation
JAL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
JAL stock valuation using valuation multiples.
Wall Street Estimates
JAL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
JAL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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