JAL responds to AGP proposal, reaffirms push for privatization

Japan Airlines Co., Ltd. (TSE:9201) addressed concerns raised by AGP Corporation in a letter dated May 13, 2025, reiterating its intent to pursue a shareholder proposal for the privatization of AGP. JAL cited persistent structural conflicts of interest between major shareholders like itself and minority shareholders as the primary driver behind the proposal, asserting this hinders effective collaboration and long-term value enhancement.