KOA Corporation (6999) Q1 2026 earnings summary

Executive summary

• Net sales rose 3.9% year-over-year to ¥16,845 million, driven by steady automotive demand in China and Europe despite yen appreciation.

• Operating profit increased 117.1% year-over-year to ¥500 million, while ordinary profit declined 20.4% to ¥530 million.

• Net income attributable to owners of parent grew 13.5% year-over-year to ¥419 million, aided by a gain on sale of investment securities.

• The business environment remains uncertain due to high interest rates, geopolitical risks, and global supply chain concerns.

Financial highlights

• Gross profit improved to ¥4,809 million from ¥4,472 million year-over-year.

• Comprehensive income dropped sharply to ¥477 million from ¥2,997 million year-over-year.

• Total assets increased to ¥141,740 million, with net assets at ¥78,032 million and an equity ratio of 55.1%.

• Earnings per share for the quarter were ¥11.30, up from ¥9.96 year-over-year.

Outlook and guidance

• Full-year net sales forecast revised to ¥67,200 million, up 4.8% year-over-year.

• Operating profit projected at ¥1,700 million (up 44.5%), ordinary profit at ¥1,720 million (up 38.3%), and net income at ¥1,110 million (up 325.9%).

• Interim and year-end dividends forecast at ¥15.00 per share each, totaling ¥30.00 for the year.