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An update from Japan Airlines Co ( (JP:9201) ) is now available.
Japan Airlines plans to issue bond-type class shares that are treated as equity for accounting purposes but carry no voting rights and cannot be converted into common stock. The shares are non-participating and cumulative, with priority over common dividends, and are expected to be listed separately from common shares on the Tokyo Stock Exchange Prime Market.
The Series 1 bond-type class shares will pay a fixed preferred dividend for about five years before switching to a floating rate with a step-up, and Japan Airlines may redeem them for cash after that initial period. While the issuance strengthens shareholders’ equity without diluting common stock, the company does not expect these instruments to receive equity credit from rating agencies, which may limit their benefit to the firm’s credit profile.
The most recent analyst rating on (JP:9201) stock is a Buy with a Yen3600.00 price target. To see the full list of analyst forecasts on Japan Airlines Co stock, see the JP:9201 Stock Forecast page.
More about Japan Airlines Co
Japan Airlines Co. is a major Japanese carrier operating passenger and cargo air transport services. The company competes in the global aviation market and taps domestic capital markets to support its financial structure and long-term investment needs.
YTD Price Performance: 11.12%
Average Trading Volume: 2,421,075
Technical Sentiment Signal: Buy
Current Market Cap: Yen1410.7B
Find detailed analytics on 9201 stock on TipRanks’ Stock Analysis page.