Koa (JP:6999) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
KOA CORPORATION has significantly downgraded its financial forecast for the fiscal year ending in March 2025, citing sluggish automotive sales influenced by inflation, high interest rates, and certification issues, along with extended weak demand in industrial equipment and consumer electronics in Asia. As a result, they anticipate lower net sales, operating profit, ordinary profit, and profit attributable to owners than previously forecasted. The company is also facing foreign exchange losses, despite maintaining cost control measures.
For further insights into JP:6999 stock, check out TipRanks’ Stock Analysis page.