Financials Japan Airlines Co., Ltd.

Equities

9201

JP3705200008

Airlines

Market Closed - Japan Exchange Other stock markets 01:30:00 2024-12-11 am EST			5-day change	1st Jan Change
2,570.50 ^JPY	-0.04%		+3.44%	-7.37%

Dec. 04	Heirloom Carbon Technologies, Inc. announced that it has received $150 million in funding from a group of investors	CI
Nov. 20	UPSIDER, Inc. announced that it has received ¥5.5 billion in funding from a group of investors	CI

Projected Income Statement: Japan Airlines Co., Ltd.

income-statement-evolution-chart JAPAN-AIRLINES-CO-LTD

Fiscal Period: Maart	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,411,230	481,225	682,713	1,375,589	1,651,890	1,865,338	1,951,294	2,022,542
Change	-	-65.9%	41.87%	101.49%	20.09%	12.92%	4.61%	3.65%
EBITDA ¹	238,667	-215,800	-60,623	222,760	290,892	310,168	323,206	339,231
Change	-	-	-71.91%	-	30.59%	6.63%	4.2%	4.96%
EBIT ¹	100,632	-398,300	-234,767	64,563	140,932	163,174	178,782	187,819
Change	-	-	-41.06%	-	118.29%	15.78%	9.56%	5.05%
Interest Paid ¹	-658	-7,570	-9,105	-14,209	-15,206	-13,500	-13,000	-11,000
Earnings before Tax (EBT) ¹	96,513	-404,078	-246,617	52,429	139,306	155,438	177,552	189,294
Change	-	-	-38.97%	-	165.7%	11.58%	14.23%	6.61%
Net income ¹	53,407	-286,693	-177,551	34,423	95,534	100,736	109,611	119,924
Change	-	-	-38.07%	-	177.53%	5.45%	8.81%	9.41%
Announcement Date	4/30/20	5/7/21	5/6/22	5/2/23	5/2/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: Maart	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	371,028	280,358	76,391	118,400	161,700	124,825	133,032	157,615	207,833	184,233	268,896	349,626	387,067	369,999	381,440	439,498	428,427	402,525	424,065	477,752	487,283	466,506
Change	-	-24.44%	-72.75%	54.99%	36.57%	-22.8%	6.57%	18.48%	31.86%	-11.36%	45.95%	30.02%	10.71%	-4.41%	3.09%	15.22%	-2.52%	-6.05%	5.35%	12.66%	1.99%	-4.26%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	38,852	-19,536	-128,179	-92,890	-70,200	-104,100	-82,645	-64,858	-31,842	-61,222	-30,186	26,228	37,900	30,621	187,424	59,852	37,564	14,980	204,510	63,564	53,878	23,770
Change	-	-	556.12%	-27.53%	-24.43%	48.29%	-20.61%	-21.52%	-50.91%	92.27%	-50.69%	-	44.5%	-19.21%	512.08%	-68.07%	-37.24%	-60.12%	1,265.22%	-68.92%	-15.24%	-55.88%
Charge d'intérêts	-154	-	-3,872	-	-1,442	-	-1,254	-	-3,124	-	-4,036	-	-3,427	-	-4,173	-	-3,711	-	-3,919	-	-	-
Earnings before Tax (EBT) ¹	38,152	-	-134,333	-	-71,287	-104,539	-83,885	-70,561	-34,246	-57,925	-28,808	25,974	27,499	27,764	31,897	57,198	34,875	15,336	21,200	55,101	55,650	22,700
Change	-	-100%	-	-100%	-	46.65%	-19.76%	-15.88%	-51.47%	69.14%	-50.27%	-	5.87%	0.96%	14.89%	79.32%	-39.03%	-56.03%	38.24%	159.91%	1%	-59.21%
Net income ¹	25,112	-22,908	-93,707	-67,500	-51,400	-74,067	-57,919	-47,057	-23,346	-49,229	-19,560	17,448	-	18,110	23,063	38,608	24,201	9,662	13,984	35,894	37,227	9,865
Change	-	-	309.06%	-27.97%	-23.85%	44.1%	-21.8%	-18.75%	-50.39%	110.87%	-60.27%	-	-100%	-	27.35%	67.4%	-37.32%	-60.08%	44.73%	156.68%	3.71%	-73.5%
Announcement Date	1/31/20	4/30/20	8/3/20	10/30/20	2/1/21	5/7/21	8/3/21	11/2/21	2/2/22	5/6/22	8/1/22	11/1/22	2/2/23	5/2/23	8/1/23	10/31/23	2/2/24	5/2/24	7/31/24	11/1/24	-	-

¹JPY in Million

Estimates

Fiscal Period: Maart	2021 S1	2021 S2	2022 S1	2023 S1	2023 S2	2024 S1	2025 S1	2025 S2
Net sales ¹	194,700	286,525	290,647	618,522	757,067	820,938	901,817	1,005,883
Change	-	47.16%	1.44%	112.81%	22.4%	8.44%	9.85%	11.54%
EBITDA	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EBIT ¹	-223,900	-174,400	-141,703	-3,958	-	91,235	85,687	80,613
Change	-	-22.11%	-18.75%	-97.21%	-100%	-	-6.08%	-5.92%
Charge d'intérêts	-5,026	-	-2,664	-7,476	-	-7,851	-10,185	-
Earnings before Tax (EBT) ¹	-228,252	-	-154,446	-2,834	-	89,095	76,301	80,999
Change	-	-100%	-	-98.17%	-100%	-	-14.36%	6.16%
Net income ¹	-161,226	-	-104,976	-2,112	-	61,671	49,878	48,822
Change	-	-100%	-	-97.99%	-100%	-	-19.12%	-2.12%
Announcement Date	10/30/20	5/7/21	11/2/21	11/1/22	5/2/23	10/31/23	11/1/24	-

¹JPY in Million

Estimates

Forecast Balance Sheet: Japan Airlines Co., Ltd.

balance-sheet-analysis-chart JAPAN-AIRLINES-CO-LTD

Fiscal Period: Maart	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-137,373	92,678	390,878	286,256	173,426	184,016	183,718	182,539
Change	-	-32.54%	321.76%	-26.77%	-39.42%	6.11%	-0.16%	-0.64%
Announcement Date	4/30/20	5/7/21	5/6/22	5/2/23	5/2/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Japan Airlines Co., Ltd.

Fiscal Period: Maart	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	239,611	89,686	161,306	117,488	218,075	274,000	252,000	256,000
Change	-	-62.57%	79.86%	-27.16%	85.61%	25.64%	-8.03%	1.59%
Free Cash Flow (FCF) ¹	-161,543	-309,205	-277,314	180,142	145,870	58,400	88,933	79,679
Change	-	91.41%	-10.31%	-164.96%	-19.02%	-59.96%	52.28%	-10.41%
Announcement Date	4/30/20	5/7/21	5/6/22	5/2/23	5/2/24	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Japan Airlines Co., Ltd.

Fiscal Period: Maart	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	16.91%	-44.84%	-8.88%	16.19%	17.61%	16.63%	16.56%	16.77%
EBIT Margin (%)	7.13%	-82.77%	-34.39%	4.69%	8.53%	8.75%	9.16%	9.29%
EBT Margin (%)	6.84%	-83.97%	-36.12%	3.81%	8.43%	8.33%	9.1%	9.36%
Net margin (%)	3.78%	-59.58%	-26.01%	2.5%	5.78%	5.4%	5.62%	5.93%
FCF margin (%)	-11.45%	-64.25%	-40.62%	13.1%	8.83%	3.13%	4.56%	3.94%
FCF / Net Income (%)	-302.48%	107.85%	156.19%	523.32%	152.69%	57.97%	81.14%	66.44%
Profitability
ROA	5.27%	-20.37%	-11.01%	2.14%	5.39%	4.33%	4.6%	4.78%
ROE	4.7%	-29.2%	-20.3%	4.3%	11.1%	10.45%	11.28%	11.18%
Financial Health
Leverage (Debt/EBITDA)	-	-0.43x	-6.45x	1.29x	0.6x	0.59x	0.57x	0.54x
Debt / Free cash flow	-	-0.3x	-1.41x	1.59x	1.19x	3.15x	2.07x	2.29x
Capital Intensity
CAPEX / Current Assets (%)	16.98%	18.64%	23.63%	8.54%	13.2%	14.69%	12.91%	12.66%
CAPEX / EBITDA (%)	100.4%	-41.56%	-266.08%	52.74%	74.97%	88.34%	77.97%	75.46%
CAPEX / FCF (%)	-148.33%	-29.01%	-58.17%	65.22%	149.5%	469.18%	283.36%	321.29%
Items per share
Cash flow per share ¹	558	-256.4	2.82	440.8	561.8	585.6	684.8	712.4
Change	-	-145.96%	-101.1%	15,530.14%	27.45%	4.24%	16.93%	4.05%
Dividend per Share ¹	55	-	-	25	75	81.4	89.07	98.15
Change	-	-	-	-	200%	8.53%	9.43%	10.19%
Book Value Per Share ¹	3,249	2,168	1,830	1,868	2,082	2,231	2,393	2,579
Change	-	-33.28%	-15.59%	2.07%	11.47%	7.13%	7.26%	7.8%
EPS ¹	155.7	-765	-406.3	78.77	218.6	230.7	251	274.7
Change	-	-591.45%	-46.89%	-119.39%	177.53%	5.51%	8.83%	9.41%
Nbr of stocks (in thousands)	336,942	437,007	437,007	437,007	437,007	436,557	436,557	436,557
Announcement Date	4/30/20	5/7/21	5/6/22	5/2/23	5/2/24	-	-	-