Koa (JP:6999) has released an update.
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.
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