KOA Corporation Faces Q1 Challenges but Remains Optimistic

Koa (JP:6999) has released an update.

KOA Corporation, listed on the Tokyo and Nagoya stock exchanges, reported a decline in consolidated financials for the quarter ending June 30, 2024, with notable decreases in net sales, operating profit, ordinary profit, and profit attributable to owners compared to the previous year. Despite these downturns, the company forecasts a year-on-year increase in net sales and profits for the fiscal year ending March 2025. There were no significant changes to consolidation scope, accounting policies, or estimates in the reported quarter.

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