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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Japan Airlines Co., Ltd.    9201   JP3705200008

JAPAN AIRLINES CO., LTD.

(9201)
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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 03/31
1990 JPY   -3.82%
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Japan Airlines and Sumitomo Corporation Sign Agreement to Develop the Air Mobility Industry with Bell Exploring Business Opportunities

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02/13/2020 | 04:49am EDT

Japan Airlines (JAL) and Sumitomo Corporation today entered into a cooperation agreement with Bell Textron Inc., a Textron Inc. to promote the development of the Air Mobility Industry, including the infrastructure for next generation air transportation methods.

As urban areas become highly concentrated, eVTOL technology has attracted global attention in their efforts to develop the highly anticipated concept of a 'flying car', as Urban Air Mobility can transport people and goods without the need of a runway and has the potential to operate an eco-friendly service.

With this agreement, jointly and collectively, JAL, Sumitomo and Bell will explore business opportunities for the air mobility services, deploying Bell's eVTOL in Japan and Asia.

eVTOL stands for electric Vertical Take-Off and Landing which is a small aircraft that can take off and land vertically by rotating multiple rotors with an electric motor. It is attracting attention as a means of transport for next-generation urban transportation that combines drone and electric vehicle technologies.

Outline of the Cooperation Agreement

Market research in Japan and Asia for mobility service utilizing eVTOL

Study mobility services operation platform, including Air-Taxi service

Promote activities to solve the issues to realize eVTOL operation, including safety, noise, and social acceptance

Approach related companies and organizations to promote the Air Mobility business

JAL aims to develop a next-generation air mobility operation platform service, such as flying cars, utilizing knowledge accumulated via safe aircraft operation experience. In addition, through air mobility services, JAL aims to resolve issues to deliver medical care in remote areas to achieve key sustainable development goals.

Sumitomo Corporation will deeply contribute to new technological inventions, industrial development, and construction of a next-generation mobility society through a global network and diversified business activities based on relationships of trust with customers and partners in various industrial fields.

Bell was founded in 1935 and for more than 80 years, it has been a leader in the industry producing vertical lift aircraft. Bell was the first to certify a commercial helicopter and has a name brand that is widely recognized around the world. Bell remains at the forefront of this air mobility pursuit with a clear mission of finding solutions to the infrastructure challenges of tomorrow's transportation networks.

Sumitomo Corporation's Material Issues

Sumitomo Corporation Group positions 'Six Material Issues to Achieve Sustainable Growth with Society' as an important factor in developing business strategies and in the decision-making process for individual businesses. Going forward, we will pursue sustainable growth by resolving these issues through our business activities. This project especially contributes to 'the Development of Local Communities and Industries' , 'Establishing a Foundation for Comfortable and Enriching Lifestyles' and 'Providing Diverse 'Accessibility'' .

Contact:

Tel: +81-3-6285-5000

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
JAPAN AIRLINES CO., LTD. -3.82% 1990 End-of-day quote.-3.56%
SUMITOMO CORPORATION -3.62% 1239 End-of-day quote.-2.33%
TEXTRON -6.79% 24.86 Delayed Quote.-40.20%
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Financials (JPY)
Sales 2020 1 450 B
EBIT 2020 125 B
Net income 2020 79 336 M
Finance 2020 208 B
Yield 2020 5,73%
P/E ratio 2020 8,16x
P/E ratio 2021 8,44x
EV / Sales2020 0,29x
EV / Sales2021 0,30x
Capitalization 629 B
Chart JAPAN AIRLINES CO., LTD.
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Japan Airlines Co., Ltd. Technical Analysis Chart | 9201 | JP3705200008 | MarketScreener
Technical analysis trends JAPAN AIRLINES CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 3 295,56  JPY
Last Close Price 1 899,00  JPY
Spread / Highest target 137%
Spread / Average Target 73,5%
Spread / Lowest Target 15,9%
EPS Revisions
Managers
NameTitle
Yuji Akasaka Executive President & Representative Director
Yoshiharu Ueki Chairman
Takahiro Abe Executive Officer & General Manager-Operations
Hideki Kikuyama Director, General Manager-Finance & Accounting
Toshiki Oka Executive Officer & GM-IT Planning
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