Japan Airlines Co., Ltd. (TSE:9201) announces a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, representing 1.83% of its total shares outstanding excluding treasury shares, for a total of ¥20,000 million. The purpose of the buyback program is to enhance shareholder returns by achieving a target dividend payout ratio of approximately 35% and a total shareholder return ratio of around 50%, reflecting recent business performance and cash allocation strategies.

This decision aligns with the company's medium-term management plan to optimize capital distribution. The repurchase program is valid till March 31, 2026. As of September 30, 2025, the company had 437,143,500 shares outstanding excluding treasury shares and had 476,373 shares in treasury.