Japan Airlines Co., Ltd.
9201・Prime Market・Air Transportation
Governance
The company has a Board of Corporate Auditors structure with an audit function performed by independent corporate auditors, and has established voluntary committees including a Nomination Committee, Compensation Committee, and Corporate Governance Committee. The Chairman of the Board of Directors, who does not concurrently serve as an executive officer, presides over the board, and the company maintains a structure in which outside directors make up at least one-third of the board.
Risk Management
The Risk Management Department conducts a risk survey and assessment on a semiannual basis, and priority risks are deliberated and determined at the Group Risk Management Meeting chaired by the President. Climate change, cybersecurity, geopolitical risk, a major earthquake directly beneath the Tokyo metropolitan area, and other issues are treated as key priorities, and a system has been established for regular reporting to the Board of Directors.
Shareholder Returns
Basic policy is shareholder returns combining continuous, stable dividends with share buybacks. The annual dividend for FY2026 (ending March 2026) is ¥96 per share (interim ¥46 + year-end ¥50), with a payout ratio of 31.3%. The forecast for FY2027 (ending March 2027) is also unchanged at an annual ¥96 (interim ¥48 + year-end ¥48). During the current period, share buybacks totaling ¥20,000 million were carried out.
Dividend Policy
The basic policy is to actively implement shareholder returns by combining continuous, stable dividends with flexible share buybacks, while securing internal reserves that contribute to future corporate growth and responses to changes in the business environment. Dividends are paid twice a year, as an interim dividend and a year-end dividend. For FY2026 (ending March 2026), although consolidated results exceeded the earnings forecast, the dividend forecast was kept unchanged at an annual ¥96 (payout ratio of 31.3%) in consideration of the impact of the situation in the Middle East. The forecast for FY2027 (ending March 2027) is also an annual ¥96 (interim ¥48 + year-end ¥48).
ESG
The company has declared its aim to achieve net-zero CO2 emissions by 2050, setting targets of a 10% reduction in total emissions versus FY2019 (ending March 2019) and a 10% SAF usage ratio by FY2030 (ending March 2030). It is advancing TCFD/TNFD disclosure, biodiversity conservation, and human capital management (having achieved a 31.9% ratio of female managers). ESG evaluations and CO2 reduction targets are reflected in executive compensation, and a framework has been established whereby the Sustainability Promotion Committee reports regularly to the Board of Directors.
Last updated: June 22, 2026