Copa Corporation Inc.
7689・Growth Market・Wholesale Trade
Governance
A company with a Board of Corporate Auditors, comprising 4 directors (of which 2 are outside directors, a 50% outside ratio). The Board of Directors meets 13 times per year (100% attendance rate for all members), and the company has established a Risk Management Committee, Compliance Meeting, and Division Heads Meeting to maintain a fair and highly transparent management structure. No nomination committee or compensation committee has been established. The Representative Director and President is a controlling shareholder holding a majority of voting rights, and to protect minority shareholders, the company has established a policy requiring Board of Directors resolutions for transactions with the controlling shareholder.
Risk Management
The Risk Management Committee (comprising executive officers, outside directors, statutory auditors, and the General Affairs manager, convened four times a year) centrally manages company-wide risk. As subordinate bodies, a Compliance Meeting (held monthly) and a Section/Department Manager Meeting (Risk Management Meeting) are held regularly to gather risk information from the field level, and risks with a significant impact on management are shared with and addressed by the executive-level Risk Management Committee. The company has established Risk Management Regulations and Compliance Regulations, and has also set up an internal whistleblowing system.
Shareholder Returns
For FY2027 (ending February 2027), the company forecasts an annual dividend of ¥0.00 (no dividend). Amid five consecutive fiscal years of losses, the policy is to not pay dividends. Regarding share buybacks, the articles of incorporation stipulate that they can be conducted flexibly.
Dividend Policy
The annual dividend forecast for FY2027 (ending February 2027) is ¥0.00 (¥0.00 at the second quarter-end, ¥0.00 at fiscal year-end). The previous fiscal year (FY2026, ended February 2026) also had no dividend, at ¥0.00 for the year. The company has recorded operating losses and net losses for five consecutive fiscal years, and although it forecasts a return to profitability for the full year in the current period, its policy is to not pay dividends. When dividends are paid, the basic policy is a year-end dividend (once annually), with an interim dividend (record date: August 31 each year) also permitted under the articles of incorporation.
ESG
The key focus area of sustainability is human capital. The company positions human resource development through its live demonstration sales specialist training program,
Last updated: May 29, 2026