Koa Corporation (JP:6999)
:6999
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Koa
(6999)
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Rating:72Outperform
Price Target:
¥1,758.00
▲(27.02% Upside)
Action:UpgradedDate:03/05/26
Overall score reflects solid technical strength and an attractive low P/E valuation, offset by weaker financial performance driven by recent revenue/profitability pressure and negative/free-cash-flow inconsistency, despite a still-stable balance sheet.
Positive Factors
Relatively strong balance sheet
A healthy equity base and a generally strong balance sheet provide a durable financial buffer. This supports ongoing qualification with key OEMs, funds capital expenditure to maintain manufacturing capacity, and helps the company absorb cyclical downturns without immediate liquidity stress.
Negative Factors
Declining recent revenue and margins
Material contraction in EBIT and EBITDA margins signals structural pressure on core profitability. Persistently compressed margins reduce internal funding for R&D and capex, weaken pricing flexibility, and can erode customer investment in qualification and long‑term contracts.
Read all positive and negative factors
Positive Factors
Negative Factors
Relatively strong balance sheet
A healthy equity base and a generally strong balance sheet provide a durable financial buffer. This supports ongoing qualification with key OEMs, funds capital expenditure to maintain manufacturing capacity, and helps the company absorb cyclical downturns without immediate liquidity stress.
Read all positive factors
Koa (6999) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥56.96B
Dividend Yield2.19%
Average Volume (3M)192.52K
Price to Earnings (P/E)6.3
Beta (1Y)1.59
Revenue Growth5.79%
EPS Growth193.94%
CountryJP
Employees4,309
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)54.07
Shares Outstanding37,479,725
10 Day Avg. Volume231,670
30 Day Avg. Volume192,520
Financial Highlights & Ratios
PEG Ratio-1.47
Price to Book (P/B)0.44
Price to Sales (P/S)0.54
P/FCF Ratio-2.04
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)102.3
Revenue Forecast (FY)¥76.00B
Koa Business Overview & Revenue Model
Company Description
KOA Corporation develops, manufactures, and sells electronic components in Japan and internationally. The company offers thermistors, thermal sensors, inductors, fuses, varistors, LTCC substrates, hybrid IC, and check terminals, as well as SMD res...
How the Company Makes Money
KOA makes money mainly by selling electronic components—especially resistors—to equipment manufacturers and electronics supply chains. Revenue is generated from (1) product sales of resistors (a core offering) across multiple form factors and perf...
Koa Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.75B | 64.12B | 64.83B | 75.07B | 64.95B | 50.38B |
| Gross Profit | 18.49B | 18.29B | 20.00B | 26.07B | 18.86B | 13.72B |
| EBITDA | 7.61B | 7.03B | 8.19B | 14.28B | 9.23B | 5.90B |
| Net Income | 310.00M | 260.00M | 2.77B | 7.37B | 4.77B | 2.03B |
Balance Sheet | ||||||
| Total Assets | 141.74B | 141.37B | 129.57B | 112.77B | 94.99B | 81.34B |
| Cash, Cash Equivalents and Short-Term Investments | 25.83B | 26.64B | 32.55B | 29.65B | 22.92B | 19.33B |
| Total Debt | 46.06B | 44.99B | 31.84B | 17.49B | 7.21B | 5.04B |
| Total Liabilities | 63.71B | 63.25B | 50.99B | 39.04B | 27.88B | 19.80B |
| Stockholders Equity | 78.03B | 78.11B | 78.57B | 73.72B | 67.10B | 61.53B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -16.97B | -8.60B | -3.44B | 1.33B | 3.16B |
| Operating Cash Flow | 0.00 | 8.10B | 7.09B | 8.21B | 5.97B | 5.29B |
| Investing Cash Flow | 0.00 | -23.94B | -17.40B | -12.93B | -5.92B | -2.70B |
| Financing Cash Flow | 0.00 | 11.25B | 12.29B | 8.53B | 1.25B | 410.00M |
Koa Technical Analysis
Positive
1384.00
Price Trends
1638.36
Positive
1497.02
Positive
1278.76
Positive
Market Momentum
-20.16
Negative
57.19
Neutral
95.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6999, the sentiment is Positive. The current price of 1384 is below the 20-day moving average (MA) of 1589.75, below the 50-day MA of 1638.36, and above the 200-day MA of 1278.76, indicating a bullish trend. The MACD of -20.16 indicates Negative momentum. The RSI at 57.19 is Neutral, neither overbought nor oversold. The STOCH value of 95.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6999.
Koa Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥7.36T | 59.16 | 8.95% | 1.88% | 2.88% | 28.76% | |
72 Outperform | ¥56.96B | 6.34 | 3.68% | 2.19% | 5.79% | 193.94% | |
67 Neutral | ¥4.21T | 15.03 | ― | 1.41% | 7.73% | -1.93% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥133.67B | 11.45 | ― | 2.18% | -0.93% | -45.03% | |
56 Neutral | ¥610.73B | 15.62 | ― | 2.57% | 4.81% | -49.43% | |
45 Neutral | ¥1.22B | -3.17 | ― | 3.16% | -10.07% | -133.40% |
* Technology Sector Average
JP:6999
Koa
1,677.00
900.54
115.98%
JP:6981
Murata Manufacturing Co
3,990.00
1,939.40
94.58%
JP:6762
TDK Corporation
2,220.00
854.18
62.54%
JP:6976
Taiyo Yuden Co., Ltd.
4,863.00
2,896.87
147.34%
JP:6977
Japan Resistor Mfg.Co.
988.00
299.44
43.49%
JP:6996
Nichicon Corporation
1,972.00
900.70
84.08%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.