(Joint Release)
June 6, 2024
Japan Airlines Co., Ltd.
Sumitomo Corporation

Japan Airlines and Sumitomo Corporation Jointly Establish eVTOL
Operating Company~ Targeting the Creation of New Air Mobility Value with Flying Cars~
Japan Airlines Co., Ltd. (Head Office: Shinagawa-ku, Tokyo; President and Group CEO:
Mitsuko Tottori; hereafter "JAL") and Sumitomo Corporation (Head Office: Chiyoda-ku,Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno)
announced on June 3, 2024, the establishment of Soracle Corporation, a joint venture tooperate electric vertical take-off and landing aircraft ("eVTOL) (*1) in Japan, or so-called"flying car."
JAL aims to create relationships and social connections through the movement of people
and goods by leveraging the technology, observations, and operational expertise it has
accumulated in the air transportation business to operate air mobility services and further
develop its business in Japan.
Sumitomo Corporation has been pursuing commercialization in air mobility services since
2018 as it seeks to diversify its longstanding aviation business. In 2020, as part of efforts todevelop this new market in Japan, it invested in a company developing an air traffic controlsystem for unmanned aircraft that will be critical when integrating these mobility services intosociety.
JAL and Sumitomo Corporation entered into a business alliance in the air mobility sector in2020 (*2) and have been working toward the realization of eVTOL-based mobility services.
In addition, the two companies are undertaking studies and making preparations (*3) for thedevelopment of a next-generation air mobility business, including participation in the "PublicPrivate Committee for Advanced Air Mobility, Air Mobility Revolution and Social
Implementation –The Osaka Roundtable (*4), which positions Expo 2025 Osaka, Kansai,Japan as a milestone toward the social implementation of air mobility services.
The establishment of Soracle will leverage the strengths of both companies. This includes
JAL’s expertise in safe air transport operations and Sumitomo Corporation’s airline industry
network and the expertise it has built up through diversified business activities. The newcompany will provide opportunities to further strengthen JAL and Sumitomo Corporation'scooperative relationship, and accelerate their respective air mobility initiatives through theoperation of eVTOL services.
Both companies aim to realize the social implementation of safe and reliable eVTOLs, build
a transportation network connecting the regions and create new value through mobility in thesky.
■ Company Overview
Company Name: Soracle Corporation
Business activities: Air mobility services utilizing eVTOL
Established: June 3, 2024
Capital: 200 million yen (investment ratio: Sumitomo Corporation 50%, JAL 50%)
Representative: Yukihiro Ota (Sumitomo Corporation)
Toshihiro Sasaki (JAL)
Location: Chuo-ku, Tokyo

1 Electric-powered eVTOL is a next-generation air mobility system that emits significantly less carbon
emissions than existing commercial aircraft. eVTOL vehicles require no runways, make little noise during
takeoff and landing, and are environmentally friendly. In addition, with fewer parts requiring maintenanceand management and the potential for autonomous flight (where the aircraft flies automatically along apredetermined flight route) in the future, the commercial operation of eVTOL vehicles is expected tocontribute to the creation of new value in air transportation.
2 Japan Airlines and Sumitomo Corporation Sign Agreement to Develop the Air Mobility Industryl
https://press.jal.co.jp/en/release/202002/005489.html
3 The Sky Movement Revolutionary Society Implementation Osaka Roundtable
https://www.pref.osaka.lg.jp/o110020/energy/evtol/index.html (Japanese only)
4 JAL selected as the eVTOL Operator of "Future Society Showcase Project Exhibition" "Advanced Air
Mobility" at Expo 2025 Osaka, Kansai, Japan
https://press.jal.co.jp/en/release/202302/007234.html
Sumitomo Corporation and JAL’s "Simulation of flying car operation using an unmanned aircraft controlsystem" selected for the Osaka Prefectural Government’s FY2022 Subsidy for Urban Business Creation
Flying Car Projects
https://www.pref.osaka.lg.jp/documents/6927/320sumisyo20keisai.pdf (Japanese only)
Sumitomo Corporation’s "Flying Car Test Flights and Tours" selected for the Osaka Prefectural
Government’s FY2023 Subsidy for Urban Business Creation Flying Car Projects
https://www.pref.osaka.lg.jp/documents/62876/sumitomosyouji.pdf (Japanese only)

About Japan Airlines
Japan Airlines (JAL), Japan’s first private aviation company, was established in 1951 and is a member ofthe oneworld® Alliance. The airline operates a fleet of 227 aircraft (as of March 2024) and began renewing
its international long-haul aircraft with the Airbus A350-1000 starting 2023 Winter Schedule. Together withother JAL Group and partner airlines, JAL offers an extensive domestic and international network that serves
376 airports across 64 countries/regions. The airline has received numerous accolades for its exceptional
service, including being recognized as a certified 5-Star Airline by Skytrax and being awarded the prestigious"World Class" Airline title by APEX, the Airline Passenger Experience Association. The airline is dedicatedto ensuring the highest standards of flight safety and overall service quality, striving to be the most preferred
airline by customers worldwide.
For details and to learn more, visit JAL's official website at https://www.jal.com/en/.
About Sumitomo CorporationSumitomo Corporation (TYO: 8053) is an integrated trading company with a strong global network
comprising 129 offices in 66 countries and regions. The Sumitomo Corporation Group consists ofapproximately 900 companies and 80,000 employees on a consolidated basis. The Group's businessactivities are spread across the following nine groups: Steel, Automotive, Transportation & Construction
Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals
Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater
value for society under the corporate message of "Enriching lives and the world," based on Sumitomo’s
business philosophy passed down for over 400 years. Sumitomo Corporation