Japan Airlines Co., Ltd.

TSE:9201 Stock Report

Market Cap: JP¥1.2t

Japan Airlines Balance Sheet Health

Financial Health criteria checks 5/6

Japan Airlines has a total shareholder equity of ¥1,249.2B and total debt of ¥886.8B, which brings its debt-to-equity ratio to 71%. Its total assets and total liabilities are ¥3,054.5B and ¥1,805.3B respectively. Japan Airlines's EBIT is ¥179.6B making its interest coverage ratio 41.6. It has cash and short-term investments of ¥949.7B.

Key information

70.99%

Debt to equity ratio

JP¥886.79b

Debt

Interest coverage ratio41.6x
CashJP¥949.69b
EquityJP¥1.25t
Total liabilitiesJP¥1.81t
Total assetsJP¥3.05t

Recent financial health 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

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

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

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

Financial Position Analysis

Short Term Liabilities: 9201's short term assets (¥1,333.7B) exceed its short term liabilities (¥914.9B).

Long Term Liabilities: 9201's short term assets (¥1,333.7B) exceed its long term liabilities (¥890.4B).

Debt to Equity History and Analysis

Debt Level: 9201 has more cash than its total debt.

Reducing Debt: 9201's debt to equity ratio has increased from 55.4% to 71% over the past 5 years.

Debt Coverage: 9201's debt is well covered by operating cash flow (40.1%).

Interest Coverage: 9201's interest payments on its debt are well covered by EBIT (41.6x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/08 08:20
End of Day Share Price 2025/12/08 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