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    9201   JP3705200008

JAPAN AIRLINES CO., LTD.

(9201)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 12/03
2125 JPY   +5.46%
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Japan Airlines : Notice Regarding Pricing of Hybrid Bonds (Subordinated Bonds)

10/05/2021 | 11:06pm EST

[REFERENCE TRANSLATION]

Please note that this translation is to be used solely as reference.

In case of any discrepancy between this translation and the Japanese original, the latter shall prevail.

October 6, 2021

Company Name

Japan Airlines Co., Ltd.

Representative

Yuji Akasaka, President

Stock Listing

Tokyo Stock Exchange

Code No.

9201

Contact

Yuichiro Kito,

General Manager, Finance

Phone

+81-3-5460-3121

Notice Regarding Pricing of Hybrid Bonds (Subordinated Bonds)

Japan Airlines Co., Ltd. ("JAL") hereby announces that it has determined terms and conditions for the issuance of hybrid bonds(subordinated bonds)(the "Bonds") which was announced by "Notice Regarding Execution of Subordinated Term Loan Agreement and Issue of Hybrid Bonds (Public Subordinated Bonds)" on September 10, 2021.

(1) Name of the Bonds

Japan Airlines Co., Ltd. 1st Series of Unsecured Interest Deferrable and

Early Redeemable Subordinated Bonds

(2) Issue amount

JPY 150 billion

(3) Initial Interest Rate

1.600% annually*2

(4) Pricing date

October 6, 2021

(5) Payment date

October 12, 2021

(6) Maturity date

October 11, 2058

(7) Early Redamption

JAL may, at its discretion, redeem the Bonds before matuirity (i) on any

interest payment date on or after October 12, 2028, or (ii) upon the

occurrence and continuation of a tax event or an equity credit change

event on or after the payment date.

(8) Interest Payment Date

April 12 and October 12 of each year

(9) Deferral of interest payment

JAL may, at its discretion, defer all or some of the payment of interest on

the Hybrid Bonds.

(10) Subordination clause

In the event of liquidation, bankruptcy, corporate reorganization, and civil

rehabilitation proceedings, or any proceedings that are equivalent

thereto in a foreign country, the Hybrid Bonds shall have a subordination.

No provision of the agreement concerning the Hybrid Bonds may be

amended in any way that is disadvantageous to creditors other than the

creditors of subordinated claims.

(11) Equity credit rating by rating

Rating and Investment Information, Inc."Class 3, Equity Credit 50%"

agencies

Japan Credit Rating Agency, Ltd."Medium50%"

(12) Rating

Rating and Investment Information, Inc.BBB

Japan Credit Rating Agency, Ltd.BBB+

(13) Lead managers

Mizuho Securities Co., Ltd. (administrative lead manager)

Note This press release is intended for information purpose only and is not a solicitation or offer to buy or sell securities or related financial instruments. Shares of our common stock and debt securities have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (administrative lead manager)

Daiwa Securities Co. Ltd.

BofA Securities Japan Co., Ltd.

SMBC Nikko Securities Inc.

*1. The bonds are debt and shall not cause any diliution to equity shares.

*2. Fixed interest rate from the day after October 12, 2021 to October 12, 2028; and floating interest rate from the day after October 12, 2028 (interest rate shall step up on the day after October 12, 2028).

END

Note This press release is intended for information purpose only and is not a solicitation or offer to buy or sell securities or related financial instruments. Shares of our common stock and debt securities have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Disclaimer

Japan Airlines Co. Ltd. published this content on 06 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2021 03:05:01 UTC.


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Sales 2022 758 B 6 721 M 6 721 M
Net income 2022 -124 094 M -1 100 M -1 100 M
Net Debt 2022 271 B 2 405 M 2 405 M
P/E ratio 2022 -7,46x
Yield 2022 -
Capitalization 929 B 8 213 M 8 234 M
EV / Sales 2022 1,58x
EV / Sales 2023 0,84x
Nbr of Employees 36 060
Free-Float 95,6%
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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
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 2 125,00 JPY
Average target price 2 702,00 JPY
Spread / Average Target 27,2%
EPS Revisions
Managers and Directors
Yuji Akasaka Executive President & Representative Director
Yoshiharu Ueki Chairman
Toshiki Oka Executive Officer & GM-IT Planning
Takahiro Abe Executive Officer & General Manager-Operations
Yuji Saito Executive Officer & GM-Administration
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