Copa Corpotation Inc.

<h3 class="smt_head2">3 [Dividend Policy]</h3>The Company recognizes that it is currently in a growth phase. At this time, we believe that actively investing in business efficiency and expansion delivers the greatest returns to shareholders. The timing and implementation of future dividends remain undecided. However, we recognize that returning profits to shareholders is an important management priority. Going forward, we intend to consider profit returns by comprehensively taking into account business performance, financial condition, and the status of business development.<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:9pt;">When distributing surplus, our basic policy is to pay year-end dividends once annually. Our Articles of Incorporation also provide for the possibility of paying interim dividends once per year and for paying surplus distributions on other specified record dates.<p class="smt_text2" style="orphans:0;widows:0;text-align:justify;padding-left:9pt;padding-right:0pt;margin-top:0pt;margin-bottom:0pt;text-indent:9pt;font-family:'ＭＳ 明朝';letter-spacing:0pt;line-height:15pt;font-size:9pt;">Interim dividends are decided by the Board of Directors, while year-end dividends are decided by the General Meeting of Shareholders.

The Company is currently in a growth phase, and the timing of dividend implementation has not been determined. However, the Company intends to consider returning profits to shareholders in the future by comprehensively taking into account business performance, financial condition, and other factors. When distributing retained earnings, the basic policy is to pay dividends once per year as a year-end dividend, while interim dividends are also possible.

Fiscal Year	Type	Interim	Year-End	Total	Payout Ratio
FY2027	Forecast(2026/04/14)	0	0	0	-
FY2026	Actual(2026/04/14)	0	0	0	-
	Forecast(2025/04/14)	0	0	0	-
FY2025	Actual(2025/04/14)	0	0	0	-
	Forecast(2024/04/12)	0	0	0	-
FY2024	Actual(2024/04/12)	0	0	0	-
	Forecast(2023/04/14)	0	0	0	-
FY2023	Actual(2023/04/14)	0	0	0	-
	Forecast(2022/04/14)	0	0	0	-
FY2022	Actual(2022/04/14)	0	0	0	-
	Forecast(2021/11/12)	0	0	0	-
FY2021	Actual(2021/11/12)	0	0	0	-

Copa Corpotation Inc. (7689) Dividends

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Dividend History (Forecasts, Revisions, Actuals)