Japan Airlines (JAL) revamped its system in February for awarding “Life Status Points” to shareholders who exercise their voting rights.
Eligible shareholders are those who hold at least 100 shares as of the end of March, exercise their voting rights at the Annual General Meeting of Shareholders in June, continue to hold their shares under the same shareholder number through the end of September, and register their JAL Mileage Bank membership number via the dedicated website by the end of September. Points will be credited around November.
The number of points awarded varies depending on the number of shares held; for example, 2 points for 100–199 shares and 5 points for 200–499 shares. The maximum is 60 points for 8,000 shares or more, increased from the previous upper limit of 50 points. Shareholders holding 99 shares or fewer are not eligible.
Additional points will also be awarded when the number of times voting rights are exercised under the same shareholder number reaches 3, 5, and 10. Counting will begin from the points credited from November onward, and points will be awarded according to the number of shares held at the time the reference count is reached.
The number of points awarded varies depending on the number of shares held; for example, for 500–999 shares, 3 points are awarded at the 3rd time, 5 points at the 5th time, and 10 points at the 10th time. The maximum is for 5,000 shares or more, with 10 points at the 3rd time, 15 points at the 5th time, and 30 points at the 10th time. Shareholders holding 499 shares or fewer are not eligible.
