Japan Airlines Balance Sheet

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Cash & Equivalents	900,238	749,030	713,867	639,247	494,226	408,335
Short-Term Investments	14,820	-	-	-	-	-
Cash & Short-Term Investments	915,058	749,030	713,867	639,247	494,226	408,335
Cash Growth	29.55%	4.93%	11.67%	29.34%	21.03%	24.06%
Receivables	237,666	210,211	173,023	174,906	120,322	76,760
Inventory	58,856	49,723	43,949	36,747	31,279	23,680
Other Current Assets	105,941	86,402	91,769	71,980	104,677	59,041
Total Current Assets	1,317,521	1,095,366	1,022,608	922,880	750,504	567,816
Property, Plant & Equipment	1,105,850	1,214,014	1,095,551	1,027,795	1,052,787	1,045,413
Long-Term Investments	204,218	200,900	214,668	207,959	196,439	178,499
Goodwill	-	3,990	3,990	3,673	6,162	-
Other Intangible Assets	105,390	90,327	83,199	79,637	81,475	89,662
Long-Term Deferred Tax Assets	141,832	190,312	229,212	278,655	284,287	225,886
Other Long-Term Assets	164,010	4	4	4	4	3
Total Assets	3,038,821	2,794,913	2,649,232	2,520,603	2,371,658	2,107,279
Accounts Payable	183,009	179,207	160,052	136,138	94,046	97,185
Short-Term Debt	-	4,487	3,268	10,652	3,896	135
Current Portion of Long-Term Debt	141,141	68,002	81,453	80,444	58,420	38,908
Current Portion of Leases	-	22,073	22,214	20,872	24,470	30,578
Current Income Taxes Payable	4,076	4,960	2,601	2,642	3,602	3,890
Other Current Liabilities	147,354	559,577	467,612	418,830	286,052	306,197
Total Current Liabilities	898,457	838,306	737,200	669,578	470,486	476,893
Long-Term Debt	725,506	756,127	728,153	762,791	787,523	400,322
Long-Term Leases	-	45,334	52,205	50,744	54,154	45,203
Pension & Post-Retirement Benefits	90,414	92,278	120,575	132,355	151,028	153,169
Long-Term Deferred Tax Liabilities	3,953	3,694	3,317	3,505	1,968	108
Other Long-Term Liabilities	52,971	42,502	59,437	44,673	62,359	50,050
Total Liabilities	1,771,301	1,778,241	1,700,887	1,663,646	1,527,518	1,125,745
Common Stock	273,200	273,200	273,200	273,200	273,200	273,200
Additional Paid-In Capital	274,248	274,242	273,992	273,631	273,617	273,557
Retained Earnings	467,361	395,719	306,879	225,644	176,406	352,965
Treasury Stock	-13,699	-1,473	-408	-408	-408	-408
Comprehensive Income & Other	222,153	33,369	56,284	44,221	76,921	48,145
Total Common Equity	1,223,263	975,057	909,947	816,288	799,736	947,459
Minority Interest	44,257	41,615	38,398	40,669	44,404	34,075
Shareholders' Equity	1,267,520	1,016,672	948,345	856,957	844,140	981,534
Total Liabilities & Equity	3,038,821	2,794,913	2,649,232	2,520,603	2,371,658	2,107,279
Total Debt	866,647	896,023	887,293	925,503	928,463	515,146
Net Cash (Debt)	48,411	-146,993	-173,426	-286,256	-434,237	-106,811
Net Cash Per Share	111.02	-336.58	-396.85	-655.04	-993.66	-285.01
Filing Date Shares Outstanding	432.36	436.56	437.01	437.01	437.01	437.01
Total Common Shares Outstanding	432.36	436.56	437.01	437.01	437.01	437.01
Working Capital	419,064	257,060	285,408	253,302	280,018	90,923
Book Value Per Share	2829.27	2233.52	2082.22	1867.91	1830.03	2168.06
Tangible Book Value	1,117,873	880,740	822,758	732,978	712,099	857,797
Tangible Book Value Per Share	2585.51	2017.47	1882.71	1677.27	1629.49	1962.89

Source: S&P Global Market Intelligence. Standard template. Financial Sources.