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Japan Airlines Co., Ltd.

9201.TIndustrialsTSE

Airlines · Last scanned May 29, 2026

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Financials · Annual
Revenue
$1.84T
+11.6% YoY
Net Income
$107.04B
+12.0% YoY
EBITDA
$174.24B
-42.8% YoY
Free Cash Flow
$130.17B

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About Japan Airlines Co., Ltd.

Headquartered within the industrials sector, Japan Airlines Co., Ltd. focuses on Airlines services and products. Japan Airlines Co., Ltd., together with its subsidiaries, provides scheduled and non-scheduled air transport services in Japan, Asia, Oceania, the Americas, and internationally. The company carries a $1.18T market cap, placing it firmly in the mega-cap category. The company engages in full-service and low-cost carrier, and cargo and mail; air transport-related businesses, such as airport passenger service, ground handling, maintenance, cargo, and passenger sales; and airport peripheral businesses, including mileage, lifestyle, and infrastructure.

Key stats
Market Cap$1.18T
P/E (TTM)8.95
Fwd P/E11.03
EPS$307.06
Beta0.43
52W Change-9.0%
Dividend Yield3.61%
ROE12.3%
Analysis

With $1.04T in cash and $875.92B in debt, 9201.T maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. The company generates $130.17B in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 12.3% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 4.3% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $682.71B (2022) to $1.84T (2025), reflecting a 170% increase over the period.

The relatively low beta of 0.43 suggests 9201.T is a less volatile holding compared to the broader index. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing 9201.T.

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