Notice Regarding Dividend of Surplus

Details of Dividend Decision

At the Board of Directors meeting held on April 30, 2026, Japan Airlines Co., Ltd. resolved a year-end dividend of 50 yen 00 sen per share, based on March 31, 2026, as the record date, with a total dividend amount of 21,491 million yen. The annual dividend, totaling 96 yen 00 sen, comprises an interim dividend of 46 yen 00 sen and a year-end dividend of 50 yen 00 sen, reflecting an increase from the previous term’s 86 yen 00 sen. The source of the dividend is retained earnings, and the effective date is scheduled for June 24, 2026.

Shareholder Return Policy and Outlook

The company positions shareholder returns as one of its highest management priorities, adopting a basic policy of sustained and stable dividends alongside share buybacks while securing internal reserves for future growth investments and strengthening its financial structure. Although the fiscal year ending March 2026 results exceeded expectations, the dividend was maintained considering uncertainties in the Middle East situation. The dividend forecast for the fiscal year ending March 2027 is also maintained at an annual 96 yen (interim 48 yen), aiming to continue stable shareholder returns.