Japan Airlines Co.,Ltd. [9201.T]
TOKYO, Apr 30 (Pulse News Wire) – Japan Airlines CO.,LTD. (9201.T) plans to issue its first convertible bond-type preferred shares without voting or conversion rights.
The issuance is scheduled for June 2026, with a fixed dividend until April 2032 followed by variable dividends thereafter. The shares will be listed on the Tokyo Stock Exchange Prime Market under code 92,015. The preferred shares will contribute to capital increase but will not dilute common stockholders' interests. Dividends will prioritize preferred shareholders and accumulate unpaid dividends.
Key features include a non-participating structure up to the initial dividend rate set at issuance, with payments capped at the predetermined amount. The offering aims to broaden investment opportunities across various investors while enhancing financial metrics such as net debt-to-equity ratio. --- In addition, the airline introduced long-term holding incentives for individual shareholders who hold their shares continuously through March 2027, March 2028, and March 2029. Shareholders meeting these criteria will earn Life Status Points (LSP) based on their holdings, with accumulation rates varying depending on the number of shares held.
Accumulated points can be redeemed for benefits such as lounge access and coupons, subject to certain conditions including membership registration on the shareholder website and maintaining a valid JAL card.
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