KOA Corporation (6999) Q2 2025 earnings summary

Executive summary

• Net sales for the six months ended September 30, 2024, declined 4.9% year-over-year to ¥31,894 million, reflecting flat demand and lower sales in industrial equipment and appliances.

• Operating profit dropped 67.3% year-over-year to ¥474 million, impacted by lower sales and higher fixed expenses, including depreciation.

• Ordinary loss was ¥167 million, down from a profit of ¥2,298 million last year, mainly due to foreign exchange losses of ¥1,103 million.

• Loss attributable to owners of parent was ¥572 million, compared to a profit of ¥1,522 million in the prior year.

Financial highlights

• Gross profit for the period was ¥9,082 million, down from ¥9,557 million year-over-year.

• Comprehensive income fell 74.4% year-over-year to ¥1,001 million.

• Cash and cash equivalents at period-end totaled ¥31,691 million.

• Cash flows from operating activities were ¥2,810 million; investing activities used ¥13,206 million; financing activities provided ¥12,329 million.

Outlook and guidance

• Full-year net sales forecast revised to ¥62,800 million, a 3.1% year-over-year decrease.

• Operating profit forecast at ¥1,150 million (down 65.3%), ordinary profit at ¥830 million (down 81.5%), and profit attributable to owners of parent at ¥80 million (down 97.1%).

• Dividend forecast revised to ¥40 per share for the year ending March 31, 2025.