Japan Airlines revises forecast, plans capital boost with new instruments
Japan Airlines (TSE:9201) announced a revision to its full-year consolidated financial forecast for the fiscal year ending March 31, 2025, citing recent performance trends. Revenue is now projected at ¥1.84 trillion, a decrease of ¥90 billion from the previous forecast. Profit forecasts remain unchanged. To bolster its financial foundation and fund growth initiatives, JAL is introducing two new financial instruments: perpetual subordinated bonds and "hybrid" securities which they call "bond-type class shares". The subordinated bonds will target institutional investors, while the bond-type class shares will be offered to individual investors. JAL intends to list the class shares on the Tokyo Stock Exchange's Prime market. These steps aim to diversify funding sources and enhance JAL's financial flexibility, supporting investments in new aircraft and expansion into non-aviation sectors. This is being done while maintaining shareholder returns and optimizing capital efficiency.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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