COMPANY PROFILE［ Corporate Philosophy ］"Contribut ing to Tomorrow"Your partner in creating happiness and bringing a bright future to people, society and the environment.
［ Corporate Culture ］"Challenge & Change"
We regard changes in the environment
as good business chances,and will challenge daringly on our own initiativeand continue to change to better ourselves.
1［ About Company Name and Logo ］
On March 28, 2001, Nikko Shoji Co., Ltd. marked a new start as
JALUX Inc. The "Lux" in JALUX is a Latin word meaning "light" and"brilliance".
The arc of the logo is an image of the earth and the light of the sun,and it represents JALUX's desire to deliver brilliance to customers
and business partners and carry the future through our products
and services. The combination of upright upper and lowercase
typefaces expresses a sense of stability while also expressing a
sense of luxury and lightness.

Message from the CEO

Satoru Takahama
Representative Director & CEO

The COVID-19 pandemic forced wide-ranging restrictions upon our daily lives.

the world’s needs. By expanding the scale of our business investment while

Now the world is recovering and people everywhere are returning to active

accelerating growth in existing businesses, our plan is to find an optimal

lifestyles. Conditions during the pandemic were tough for the JALUX Group,business portfolio that mitigates our concentration risk.

too. Our response was to lessen the risk of a focus on the aviation domain bydirecting energy into carving out new sales channels within the non-aviation

The JALUX Group views promoting sustainability and accelerating innovation

domain and developing new products and services to match changing needs.

as core management strategies and aims to realize a sustainable society andThese efforts have borne fruit with solid results. And more recently, theongoing improvement of the JALUX Group’ s corporate value. This is inpandemic recovery has also placed aviation domain demand on a recovery path.

keeping with our corporate philosophy, “Contributing to Tomorrow—Your
partner in creating happiness and bringing a bright future to people, society

Under the above circumstances, the JALUX Group has entered the second year

and the environment.”of our Mid-term Management Plan through to fiscal 2025. As a trading companyof the JAL Group, the focus is on generating new commercial flows through full

We look forward to your continued support and encouragement into the future.

application of many years of trading company expertise and constant attention to2Business Segments
We aim to optimize our business portfoliowith a wide range of businessdevelopment in the aviation & airport business,and provide a wide variety ofproducts and services in the non-aviationand non-airport business.

Aviation &Airport BusinessLife Service BusinessOur business domains,

Business domains of this unit include

including aircraft components trading

printing and paper materials, and products

and airport terminal operations,that contribute to sustainability,

are conducted globallyreal estate, and insurance services.

with our highly specialized know-how.

Retail Business

Food & Beverage
Business

We conduct businesses of including planning

We conduct food-related businesses,

and supplying for duty-free products

including import of agriculturaland in-flight merchandises,

and marine products,

e-commerce sales, gifts,

and planning, manufacturing

furusato nōzei (hometown tax payment program),and sales of in-flight lunchboxes

and duty-free shops called "JAL DUTYFREE".

and souvenir sweets.
We also operate theairport shops called "JAL PLAZA"

3Network of Business Offices［ Domestic ］［ International ］
Europe Branch ofthe Aviation & Airport Unit
JALUX AMERICAS, Inc.
Hartford Branch

JALUX SHANGHAI Co., Ltd.

Head OfficeCentral-Japan Aerospace Department
Domestic Airport shops

JALUX AMERICAS, Inc.
JALUX AMZ DUTY FREE CO., LTD.
JALUX ASIA Ltd.
JRE Development Co., Ltd.

JALUX SINGAPORE PTE. LTD.

Domestic Airport Shops

A total of 80 shops in 24 airports,
including New Chitose, Narita, Haneda, Osaka and Fukuoka.

( as of June 30, 2024 )Consolidated Subsidiaries

International Affiliates (consolidated subsidiaries)
JALUX AMERICAS, Inc.

JALUX Airport Inc.

Japan Airport Delica Inc.
Food manufacturer

Procuring aircraft engine parts etc.
( Los Angeles )JAL ABC, Inc.

JALUX Insurance and Service Inc.

JALUX SINGAPORE PTE. LTD.

Airport shop management businessAirport service business

JALUX STYLE, Inc.

Insurance agency business

JALUX Trust Inc.

Imported goods sales
and EC shop operation

Facility management business,senior services

JAL-DFS Co., Ltd.

Kantei Japan Inc.

Airport duty-free shopmanagement business

Non-life insurance appraisal business

EARSTACK Inc.

Restoration work business

Brokerage of aircraft and engine sales( Singapore )JALUX AMZ DUTY FREE CO., LTD.
Duty-free shop operation at Wattay
International Airport( Vientiane )JALUX ASIA Ltd.

Affiliates applied for the equity method
Lao-Japan Airport Terminal Services Co., Ltd.

Importing fresh products andprocessed foods from Japan etc.
( Bangkok )Operation of Wattay International Airport Terminal Buildingin Vientiane, Lao PDRJALUX SHANGHAI Co., Ltd.

Operation of Mandalay International Airport, Myanmar

MC-Jalux Airport Services Co., Ltd.

Importing and exporting in-flightproducts and various materials( Shanghai )JALUX TASECO DUTY FREE CO., LTD.

JRE Development Co., Ltd.

San-ei Maintenance CO., LTD.

Serviced apartment developmentand operation( Bangkok )Operation of duty-free shops at international airports
Facility management, cleaning and security service

MST JALUX Insurance Co., Ltd.
Insurance agency business4

OUR BUSINESSAVIATION &AIRPORT UNIT

We are engaged in a trading business ofaircraft and engine parts in Japan and overseas,
based on our expertise built over many years
in the aviation industry.
We also operate airportsand provide various related services in Asia.

5AVIATION & AIRPORT UNIT

Aerospace Department &Central-Japan Aerospace Department

Overseas Airport BusinessDevelopment Department

We offer aircraft engine parts, materials and ground support equipment for
the aerospace industry and aviation-related ministries through networks in
the U.S., Europe and Asia using the VMI service, stock function and othersystems to be a total solutions provider.

Utilizing our vast expertise and experience in the aviation and airport
business in Japan and overseas, we are developing airport operation
business and various related services, particularly in Asia such as Lao PDRand Myanmar where we contribute to their development.

ISO 9001 and AS9120 certification accredited

Consolidated Subsidiaries

Airline Asset Management Department

Engaged in sales and remarketing of aircraft, aircraft engines, flight
simulators, ground support equipment, vehicles, tools, parts and materials
mainly for airlines and affiliate customers. Also, we offer registration
services (JSPC) for leased aircraft in Japan, and develop the leasing andpart-out business. With our competency, knowledge and broad customer
network developed over the years, we also provide consultancy services foraircraft sales and purchasing to global customers.

ISO 9001 and AS9120 certification accredited

Affiliates applied for the equity method

Consolidated Subsidiaries● JALUX AMERICAS, Inc.

● Lao-Japan Airport Terminal Services Co., Ltd.

● JALUX SINGAPORE PTE. LTD.

Procuring aircraft engine parts, airframe parts, industrial gas turbine parts, etc.

Operation of Wattay International Airport Terminal Building in Vientiane, Lao PDRBrokerage of aircraft and engine sales and supplying airframe parts
to airlines in ASEAN region● MC-Jalux Airport Services Co., Ltd.
Operation of Mandalay International Airport, Myanmar

AVIATION & AIRPORT UNIT

6

OUR BUSINESSLIFE SERVICE UNIT
We develop a wide range of businesses,
selling printing and paper materials, materials and equipment
for transportation infrastructure development,
and materials and equipment that contribute to sustainability.
We also provide non-life and life insurance agency services,valuation and appraisal for insurance,
real estate business and management of facilities for seniors.

7

LIFE SERVICE UNIT

Machinery & Materials Department

Insurance Department

Real Estate Department

We offer road repair materials to domestic and international.
We also contribute to the environmental sustainability by supplying
biodegradable polymer Green Planet® products through the packaging
supply business and contribute to the water-related sustainable businessby introducing Ultra Fine Bubble generators.

As an insurance agency for non-life and life insurance companies, we provide
a wide variety of insurance products to both individuals and corporateclients. In addition, we are further expanding our business by way of the"insurance agency BPO (Business Process Outsourcing)" business modeland valuation and appraisal. We also provide insurance products, services
through "JAL Insurance Navi," a comprehensive insurance website where thecustomers can receive eJAL points, and JALUX Insurance and Service Inc.
which operates its own contact center focusing on insurance services.

We are engaged in real estate development, subleasing, agency services,dormitories and company housing surrounding airports in Japan. Also, we
operate the serviced apartment business in Thailand.We run websites(sumai.jalux.com) on which customers can earn miles for JAL, which
introduces the general real estate and time-share resorts. JALUX Trust Inc.
is engaged in maintenance and management of airport-related facilities andthe senior business including the operation of serviced senior apartments
and nursery care centers under the "Solcius" brand.

Acquired ISMS certification (except branch operations)
IS526328/ISO (JIS Q) 27001:2013

Consolidated Subsidiaries
Consolidated Subsidiaries

Consolidated Subsidiaries● JALUX SHANGHAI Co., Ltd.

● JALUX Insurance and Service Inc.

Importing and exporting in-flight products, various materials and equipment

Providing life and non-life insurance to individual customers as an agency
for more than 30 insurance companies● JALUX AMERICAS, Inc.
Importing and exporting various materials and equipment.

● Kantei Japan Inc.
Providing services such as damage calculations, accident investigations
and appraisal for property damage

Affiliates applied for the equity method● MST JALUX Insurance Co.,Ltd.
A joint venture between MST Insurance Service Co.,Ltd. and Jalux Inc.
offering insurance business for corporations

LIFE SERVICE UNIT

● JALUX Trust Inc.
Engaged in business development including facility management, construction andrepair business and operation of senior apartments and nursery care centers● JRE Development Co., Ltd.
Development and operation of the serviced apartment business in Thailand● EARSTACK Inc.
Restoration work for road Installations and houses, etc. damaged by accidents and disasters

Affiliates applied for the equity method● San-ei Maintenance CO., LTD.
Facility management, cleaning and security services, as well as operation of Soranoyu Spa Resort

8

OUR BUSINESSRETAIL UNIT
We develop businesses such as planning and sales ofduty-free products and in-flight merchandises,
e-commerce sales including operationof an online shopping mall,food gifts, and furusato nōzei(hometown tax payment program).
We also operate domestic duty-free shops "JAL DUTY FREE",
and overseas duty-free shops.

9RETAIL UNIT

Retail Business Department

Direct Marketing Department

We plan and develop product planning forin-flight sales and airport duty-free shops,
and discover top domestic and foreign
brand products and sell them to domestic
airport duty-free shops and various airline
companies. We also export duty-free
products to "JALUX DUTYFREE VIETNAM"
in Vietnam.

We operate the "JAL Mall," an online shopping mallwith various brands of fashion, general merchandise,and gourmet foods, as well as the "JAL Shopping"
online shop within the mall, and other mail-order sales.
In addition to original products with JAL logo, we arealso involved in the planning and development ofproducts collaborating with other brands.
In-flight shopping
catalog「JAL SHOP」

Regional Vitalization &Business Development Department

We provide food gifts, such as perishable foods and local
specialties, directly from the producers to department stores andmass retailers. Also we provide many kinds of products for manydifferent situations, such as mid-year gifts (Ochugen), year-end gifts(Oseibo), traditional Osechi meals for the New Year, and foods forother special occasions and corporate novelties. In addition, wedevelop the "JAL furusato nōzei (hometown tax payment program)"business, which promotes to the revitalization of local economies.

Acquired ISMS certification
IS96028/ISO (JIS Q) 27001

Acquired ISMS certification
IS96028/ISO (JIS Q) 27001

Consolidated Subsidiaries● JAL-DFS Co., Ltd.
Operating 4 "JAL DUTYFREE" airport duty-free shops at Narita and Haneda Airports(as of June 30, 2024)

Consolidated Subsidiaries● JALUX STYLE, Inc.
Planning, manufacturing, importing and selling small leather goods and bags,and developing own brands such as BRITISH GREEN● JALUX AMZ DUTY FREE CO., LTD.
Duty-free shop operation at Wattay International Airport in Vientiane, Lao PDR

Affiliates applied for the equity method● JALUX TASECO DUTY FREE CO., LTD.
Operation of duty-free shops at 4 international airports in Vietnam

RETAIL UNIT

Consolidated Subsidiaries of Retail Unit

● JAL ABC, Inc.
Developing airport services such as airport delivery service,
WiFi rental, and travel application agency

10

OUR BUSINESSFOOD &BEVERAGE UNIT

We develop a food-related businesses,
including import of agricultural and marine products
from around the world, processing raw materials,
and importing wines.
We are also engaged in souvenir sweets
for retailers at airports, railway companies,
and along expressways, and plan,manufacture, and sell lunchboxes (soraben).
We also operate airport shops called "JAL PLAZA".

11

FOOD & BEVERAGE UNIT

Marine Products Department

Wine & Liquor Department

Processed Foods Department

Imports fresh and frozen seafood and fresh vegetables from around theworld and sell it to wholesalers, mass retailers, convenience stores,restaurants and other customers.
In the marine products business, we offer value-added products such as
mackerel, salmon, tuna, and other raw materials landed in various parts of
the world, which are processed at our partner factories in China andVietnam. We have developed supply chains with overseas partners for fruits
and vegetables to supply safe, secure, and fresh products.

We import hundreds of wines from around the world and sell them tohotels, restaurants, department stores, specialty stores, e-commercecompanies, and in-flight services. We offer high-quality brands , such as"Joseph Perrier" and "Billecart Salmon" in Champagne, "Henri Bourgeois"
in Loire, "Clos du Val", "Silver Oak" and "Calera" in California, "Errazuriz" inChile, etc. We are also developing a craft whiskey called "SONGS OF
CASKS" in collaboration with whiskey distilleries across Japan.

We plan, develop, and sell in-flight meals for airlines, along with lunchboxes(soraben) and souvenir sweets for retailers at airports, railway companies,
and along expressways.
We also produce value-added products including the commercialization ofspecial original beef curry served at JAL’s international airport lounges atNarita and Haneda airports. In addition to the domestic market, we export
made-in-Japan foodstuffs and sell them at specialty stores mainly
throughout Asia and in the U.S.
We operate 76 "JAL PLAZA" airport shops that sell soraben and souvenir
sweets, at 24 airports nationwide (as of June 30, 2024).

Consolidated Subsidiaries

Consolidated Subsidiaries● JALUX ASIA Ltd.

● Japan Airport Delica Inc.

Importing fresh products, alcoholic beverages and processed foods from Japan toThailand and operating Japanese confectionery shops at shopping malls

Food manufacturing including soraben, in-flight lunchboxes● JALUX AMERICAS, Inc.
Developing and operating "J.sweets", specialty stores of Japanese-styleconfectioneries, in the U.S.

● JALUX Airport Inc.
Operating 76 "JAL PLAZA" airport shops at 24 airports nationwide(as of June 30, 2024)

FOOD & BEVERAGE UNIT

12

Organization［ Organization ］［ Executives ］
General Meeting of Shareholders

AuditorAdministrative Council

Board of Directors
Internal Auditing DepartmentInvestment Committee

Chief Executive Oﬃcer (CEO)Compliance Committee
Information Security Committee

Sustainability Promotion Committee

Personnel Committee

Innovation Promotion Committee

Aviation &Airport Unit

Life Service Unit

Aerospace
Department

Retail Unit

Food & Beverage Unit

Corporate
Planning Unit
Corporate Planning
Department

Retail Business
Department

Marine Products
Department

Central-Japan
Aerospace
Department

Insurance
Department

Direct Marketing
Department

Wine & Liquor
Department

Overseas Airport
Business Development
Department

Real Estate
Department

Regional Vitalization &Business Development
Department

Processed Foods
Department

Airline AssetManagement
Department

Finance & Accounting
Department

CorporateAdministration Unit
Administration &Human Resources
Department
Legal and Risk
Management
Department
Foods Quality
Control Department

Business Co-creation
Promotion Department

13

Representative Director
Chief Executive Officer (CEO)Satoru Takahama

Representative Director
Co-Chief Executive Officer

Kiyoshi Marukawa

Director/Managing Executive Officer (MEO)
President of Corporate Planning Unit

Osamu Tateishi

Director (Part-time)

Yasushi Omori

Director (Part-time)

Masao Yumisaki

Independent Director Hiroto Murai
Independent Director Shigeyuki Taguchi

Business Planning &Development
Department
Machinery &Materials
Department*As of June 30, 2024

Independent Director Masakazu Hashimoto
Auditor Hideo Miyauchi
Auditor Kentaro Yamasaki
Managing Executive Officer (MEO)
President of Aviation & Airport UnitManaging Executive Officer (MEO)

President of Corporate Administration Unit/
President of Business Co-creation Promotion Department

Managing Executive Officer (MEO)
President of Retail Unit

Executive Officer (EO)

President of Business Co-creation Promotion Department

Executive Officer (EO)

Vice General Manager of Business Co-creation Promotion Department

President of Life Service Unit
President of Food & Beverage Unit

Hiroshi Naito
Takeshi Morita
Shigeki Nakai
Yuichi NasuMasatoshi Takeuchi
Masashi Higuchi
Taichi Saito※Yasushi Omori and Masao Yumisaki are business executors of Japan Airlines Co., Ltd.,a specified related corporation.

Financial Highlights［ Trends in Major Financial Indexes ( Consolidated Basis ) ］( Million yen )FY2019FY2020

FY2021

FY2022

FY2023

Net Sales ( Turnover basis )144,688

80,346

96,345145,271

191,492

Gross Profit

25,84012,51815,327

21,66729,536

Operating Income

3,969△2,915△6982,282

5,818

Ordinary Income

4,738△2,426

△314

2,347

6,176

Net Income3,081△2,366

△370

1,395

3,934

Total Assets

60,84452,27652,29568,791

79,856

Net Assets

28,046

24,68524,30625,78029,740Interest-bearing Debt

14,32913,904

13,83818,176

20,514

Ordinary Income to Total Assets Ratio ( ROA )

8.0%

△4.3%

△0.6%

3.9%

8.3%

Return on Equity ( ROE )

12.2%

△9.5%

△1.6%

5.8%

14.9%

［ Net Sales ( Turnover basis ) ］
Net Sales( Million yen )100,000

191,492
145,271

144,688
80,346

96,34550,00005,8186,000

200,000

5,000
4,000
3,000

FY2019 FY2020 FY2021 FY2022 FY2023

3,969
2.72,282

2,0001,0000△2,915 △698
FY2019 FY2020

Ordinary Income

Operating Income Ratio (%)( Million yen )250,000

150,000

Operating Income

3.0

1.6

△0.7 FY2022 FY2023（%）( Million yen )

6.0

6,000

5.0

5,000

4.0

4,000

3.0

3,000

2.0

2,000

1.0

1,000

0.00

4,738
3.3

2,347

△2,426 △314
FY2019 FY2020

Net Income

Ordinary Income Ratio (%)

6,176

FY2021△3.6［ Net Income ］［ Ordinary Income ］［ Operating Income ］

△0.3

3.2

1.6
FY2022 FY2023( Million yen )

（%）

6.0

6,000

6.0

5.0

5,000

4.0

4,000

3.0

3,000

2.0

2,000

1.0

1,000

0.00

5.0

3,934
3,081

4.0
3.0

2.1

1,395
△2,366 △370
FY2019 FY2020

FY2021△3.0

Net Income Ratio (%)

（%）

△0.4

2.1

1.0
FY2022 FY2023

2.0
1.0
0.0

FY2021△2.914

Corporate Overview*As of March 31, 2024

Corporate NameJALUX Inc.

Representative

Representative Director & CEO Satoru Takahama

Head Office

Shinagawa Season Terrace 1-2-70 Konan, Minato-ku, Tokyo, 108-8209 Japan
Tel: +81-3-6367-8800 ( switchboard )Established
Capital
Employees
Shareholders

March 28, 1962
2,558,550,000 yen
2,303 ( Including 1,859 at consolidated subsidiaries )SJ Future Holdings Corporation ( 48.14% )Sojitz Corporation ( 22.22% )Japan Airlines Co., Ltd. ( 21.56% )Japan Airport Terminal Co., Ltd. ( 8.08% )Published in July 2024

https://www.jalux.com/en/profile/