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Japan Airlines stock: key metrics
9201.TJapan Airlines had an operating margin of 10.3% and a return on invested capital (ROIC) of 12.2% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2006 | 15.8% | −1.2% | −2.1% |
| 2007 | 17.4% | 1.0% | −0.7% |
| 2008 | 19.4% | 4.0% | 0.8% |
| 2009 | 12.5% | −2.6% | −3.2% |
| 2011 | 24.6% | 10.8% | 162.2% |
| 2012 | 29.6% | 17.0% | 15.5% |
| 2013 | 28.6% | 15.8% | 13.9% |
| 2014 | 25.9% | 12.7% | 12.7% |
| 2015 | 26.6% | 13.4% | 11.1% |
| 2016 | 30.3% | 15.7% | 13.1% |
| 2017 | 28.1% | 13.2% | 12.7% |
| 2018 | 28.2% | 12.6% | 9.8% |
| 2019 | 27.7% | 11.8% | 10.1% |
| 2020 | 56.0% | 6.0% | 3.5% |
| 2021 | 19.6% | −81.6% | −59.6% |
| 2022 | 35.2% | −37.1% | −26.0% |
| 2023 | 51.5% | 3.5% | 2.5% |
| 2024 | 54.7% | 8.0% | 5.8% |
| 2025 | 55.1% | 8.4% | 5.8% |
| 2026 | 72.1% | 10.3% | 6.8% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2006 | −31.9% | −1.7% | −2.2% |
| 2007 | −5.2% | 1.0% | −0.8% |
| 2008 | 3.7% | 5.0% | 0.8% |
| 2009 | −36.2% | −4.3% | −3.6% |
| 2011 | 200.0% | 11.8% | 51.5% |
| 2012 | 48.0% | 56.2% | 17.2% |
| 2013 | 30.4% | 48.7% | 14.1% |
| 2014 | 24.1% | 38.4% | 12.4% |
| 2015 | 19.2% | 32.2% | 10.1% |
| 2016 | 20.7% | 33.9% | 11.0% |
| 2017 | 16.9% | 27.1% | 9.5% |
| 2018 | 12.8% | 20.4% | 7.3% |
| 2019 | 12.9% | 21.6% | 7.4% |
| 2020 | 4.7% | 5.2% | 2.4% |
| 2021 | −30.3% | −29.1% | −13.6% |
| 2022 | −22.2% | −16.9% | −7.5% |
| 2023 | 4.2% | 2.6% | 1.4% |
| 2024 | 10.5% | 8.0% | 3.6% |
| 2025 | 11.0% | 9.6% | 3.8% |
| 2026 | 10.7% | 12.2% | 4.3% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 13 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ¥159.70)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 10 Nov 2026, previously Neutral
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.