Japan Airlines Co., Ltd.

TSE:9201 Stock Report

Market Cap: JP¥1.2t

Japan Airlines Future Growth

Future criteria checks 1/6

Japan Airlines is forecast to grow earnings and revenue by 3.6% and 3.5% per annum respectively. EPS is expected to grow by 4.1% per annum. Return on equity is forecast to be 11.3% in 3 years.

Key information

3.6%

Earnings growth rate

4.08%

EPS growth rate

Airlines earnings growth34.4%
Revenue growth rate3.5%
Future return on equity11.34%
Analyst coverage

Good

Last updated26 Nov 2025

Recent future growth updates

Japan Airlines Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models

Nov 01
Japan Airlines Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models

Japan Airlines Co., Ltd. Just Beat EPS By 8.8%: Here's What Analysts Think Will Happen Next

Aug 01
Japan Airlines Co., Ltd. Just Beat EPS By 8.8%: Here's What Analysts Think Will Happen Next

Japan Airlines Co., Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Feb 06
Japan Airlines Co., Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Recent updates

We Think Japan Airlines (TSE:9201) Can Stay On Top Of Its Debt

Dec 03
We Think Japan Airlines (TSE:9201) Can Stay On Top Of Its Debt

Japan Airlines Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models

Nov 01
Japan Airlines Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models

Japan Airlines (TSE:9201) Has Announced A Dividend Of ¥46.00

Sep 15
Japan Airlines (TSE:9201) Has Announced A Dividend Of ¥46.00

Japan Airlines (TSE:9201) Has Announced A Dividend Of ¥46.00

Sep 01
Japan Airlines (TSE:9201) Has Announced A Dividend Of ¥46.00

Japan Airlines (TSE:9201) Will Pay A Dividend Of ¥46.00

Aug 13
Japan Airlines (TSE:9201) Will Pay A Dividend Of ¥46.00

Japan Airlines Co., Ltd. Just Beat EPS By 8.8%: Here's What Analysts Think Will Happen Next

Aug 01
Japan Airlines Co., Ltd. Just Beat EPS By 8.8%: Here's What Analysts Think Will Happen Next

Japan Airlines (TSE:9201) Will Pay A Dividend Of ¥46.00

Jul 24
Japan Airlines (TSE:9201) Will Pay A Dividend Of ¥46.00

Japan Airlines (TSE:9201) Will Pay A Dividend Of ¥46.00

Jul 10
Japan Airlines (TSE:9201) Will Pay A Dividend Of ¥46.00

Here's Why Japan Airlines (TSE:9201) Can Manage Its Debt Responsibly

May 29
Here's Why Japan Airlines (TSE:9201) Can Manage Its Debt Responsibly

Japan Airlines Co., Ltd. (TSE:9201) Not Lagging Market On Growth Or Pricing

Apr 15
Japan Airlines Co., Ltd. (TSE:9201) Not Lagging Market On Growth Or Pricing

Here's What To Make Of Japan Airlines' (TSE:9201) Decelerating Rates Of Return

Mar 21
Here's What To Make Of Japan Airlines' (TSE:9201) Decelerating Rates Of Return

Japan Airlines Co., Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Feb 06
Japan Airlines Co., Ltd. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Japan Airlines Co., Ltd. (TSE:9201) Might Not Be As Mispriced As It Looks

Jan 05
Japan Airlines Co., Ltd. (TSE:9201) Might Not Be As Mispriced As It Looks

These 4 Measures Indicate That Japan Airlines (TSE:9201) Is Using Debt Reasonably Well

Dec 15
These 4 Measures Indicate That Japan Airlines (TSE:9201) Is Using Debt Reasonably Well

Earnings and Revenue Growth Forecasts

TSE:9201 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
3/31/20282,131,012142,45451,811342,47010
3/31/20272,056,225131,75438,747329,41211
3/31/20261,982,972126,67240,427302,13111
9/30/20251,926,198124,807137,110355,944N/A
6/30/20251,915,059120,13576,723356,521N/A
3/31/20251,844,095107,03891,544381,527N/A
12/31/20241,824,136100,70952,835342,277N/A
9/30/20241,732,76983,74140,896334,514N/A
6/30/20241,725,08886,455124,636346,328N/A
3/31/20241,651,89095,534145,870363,945N/A
12/31/20231,619,364103,982182,709374,761N/A
9/30/20231,578,00498,252240,123386,048N/A
6/30/20231,488,13377,046218,578337,762N/A
3/31/20231,375,58934,423175,420292,908N/A
12/31/20221,189,823-32,91662,634174,610N/A
9/30/20221,010,589-74,733-6,558112,601N/A
6/30/2022818,577-139,192-129,00421,136N/A
3/31/2022682,713-177,551-264,851-103,545N/A
12/31/2021623,157-202,293-275,668-126,355N/A
9/30/2021577,081-230,443-315,518-165,449N/A
6/30/2021537,866-250,905-245,671-135,193N/A
3/31/2021481,225-286,693-309,205-219,519N/A
12/31/2020636,906-235,630N/AN/AN/A
9/30/2020846,177-159,022-288,576-118,659N/A
6/30/20201,131,878-52,209N/AN/AN/A
3/31/20201,411,23053,407-179,58160,030N/A
12/31/20191,487,069120,525N/AN/AN/A
9/30/20191,496,926128,612-29,670175,162N/A
6/30/20191,500,903145,170N/AN/AN/A
3/31/20191,487,261150,807N/A296,717N/A
12/31/20181,468,267127,878N/AN/AN/A
9/30/20181,441,117130,842N/A272,715N/A
6/30/20181,410,543133,389N/AN/AN/A
3/31/20181,383,257135,406N/A281,542N/A
12/31/20171,359,533170,017N/AN/AN/A
9/30/20171,329,358170,731N/A279,805N/A
6/30/20171,306,572169,017N/AN/AN/A
3/31/20171,288,967164,174N/A253,153N/A
12/31/20161,288,737139,065N/AN/AN/A
9/30/20161,300,657142,475N/A267,154N/A
6/30/20161,321,836156,578N/AN/AN/A
3/31/20161,336,661174,468N/A312,394N/A
12/31/20151,345,734173,046N/AN/AN/A
9/30/20151,348,872172,120N/A297,104N/A
6/30/20151,349,663166,877N/AN/AN/A
3/31/20151,344,711149,045N/A261,139N/A
12/31/20141,341,808162,434N/AN/AN/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9201's forecast earnings growth (3.6% per year) is above the savings rate (0.6%).

Earnings vs Market: 9201's earnings (3.6% per year) are forecast to grow slower than the JP market (8.3% per year).

High Growth Earnings: 9201's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9201's revenue (3.5% per year) is forecast to grow slower than the JP market (4.6% per year).

High Growth Revenue: 9201's revenue (3.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9201's Return on Equity is forecast to be low in 3 years time (11.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/06 04:11
End of Day Share Price 2025/12/05 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Japan Airlines Co., Ltd. is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ryota HimenoBarclays
Nathan GeeBofA Global Research
Manabu HagiwaraCitigroup Inc