Japan AirlinesJapan Airlines Co., Ltd.9201東証プライム空運業FY ending Mar 2026, consolidated, IFRS

Japan Airlines FY ending Mar 2026 results

About 76% of Japan Airlines's sales come from Full Service Carrier, with Other and Mileage/Finance and Commerce making up much of the rest.

Out of every ¥100 of sales, about ¥10 is left as operating profit.

Revenue changed +9.1% from the prior year, operating profit +23.0%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +9.1% · profit +23.0%, calculated from disclosed figures.

Operating leverage: 2.52× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
+9.1%¥1.84T → ¥2.01T
Operating income
+23.0%¥168.6B → ¥207.3B
Net income attributable to owners
+28.6%¥107B → ¥137.6B
Operating cash flow
+3.5%¥381.5B → ¥394.9B

Results at a glance

  • Revenue for FY ending Mar 2026 was ¥2.01T, up +9.1% from ¥1.84T.
  • Profit grew faster than sales: operating income rose +23.0% to ¥207.3B, and net income rose +28.6% to ¥137.6B.
  • Operating cash flow also edged up +3.5% to ¥394.9B.

What drove the change

  • International passenger numbers and fares both rose, helped by steady inbound tourism and business travel from Japan recovering faster than planned
  • Domestic passengers and revenue grew as sales campaigns drew in more travelers
  • International cargo carried more and earned more per shipment by focusing on Asia–North America routes and high-value goods like medicines; cost control despite the weak yen and growth in the mileage and JALUX businesses also helped

Things to watch

  • Oil prices have climbed as the war in Ukraine drags on and tension rises in the Middle East, which could push fuel costs up
  • The company expects lower profit next year than this year
  • A major disaster that shuts Haneda and Narita or its Tokyo operations center for a long time would seriously hurt the business

Annual Securities Report (77th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (77th term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Cost of revenue is not disclosed; expenses are combined

Where ¥100 of sales goes

For every ¥100 Japan Airlines sells, how much goes where, and how much is kept.

FY ending Mar 2026
Operating costs
¥90
Operating profit
¥10
Net profit kept
¥7

Annual margin trends

Operating margin10.3%
FY ending Mar 2021: -81.1%-81.1%FY ending Mar 2022: -34.4%-34.4%FY ending Mar 2023: 4.7%4.7%FY ending Mar 2024: 8.5%8.5%FY ending Mar 2025: 9.1%9.1%FY ending Mar 2026: 10.3%10.3%FY21FY22FY23FY24FY25FY26
Net margin6.8%
FY ending Mar 2021: -59.6%-59.6%FY ending Mar 2022: -26.0%-26.0%FY ending Mar 2023: 2.5%2.5%FY ending Mar 2024: 5.8%5.8%FY ending Mar 2025: 5.8%5.8%FY ending Mar 2026: 6.8%6.8%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segments without disclosed profit are drawn entirely as costs

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第77期(2025/04/01-2026/03/31)

    ID S100YFIO2026-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第76期(2024/04/01-2025/03/31)

    ID S100W1KL2025-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第75期(2023/04/01-2024/03/31)

    ID S100TNGJ2024-06-19Open
  • EDINET (FSA Japan)

    有価証券報告書-第74期(2022/04/01-2023/03/31)

    ID S100R3GK2023-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第73期(令和3年4月1日-令和4年3月31日)

    ID S100OBZH2022-06-22Open
  • EDINET (FSA Japan)

    有価証券報告書-第72期(令和2年4月1日-令和3年3月31日)

    ID S100LK6A2021-06-18Open

Extracted from XBRL: 38

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