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Earnings7689Copa Corporation Inc.Trading & Wholesale

Financial Results for the Fiscal Year Ended February 2026 [Japanese GAAP] (Non-consolidated)

For the fiscal year ended February 2026, revenue decreased 13.3% year on year, while operating, ordinary and net losses narrowed from the previous year. However, the company remained in the red and forecasts a return to profitability, with operating income of ¥1 million, for the fiscal year ending February 2027.

Worth reading
62In focus
Scored from 4 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
-13.3
Year-on-year revenue growth (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Full year1 March 2025–28 February 2026Non-consolidated (standalone)Japanese GAAP
Net Sales1,779Millions of yenYear on year -13.3%Progress 98.7%
Operating profit-271Millions of yen
Ordinary income-271Millions of yen
Net income attributable to owners of the parent-272Millions of yen

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per shareLoss of ¥91.85 per share
Operating Margin△15.2%
Financial position at period-end
Total assets1,152Millions of yen
of which net assets 767 Millions of yenEquity ratio 66.6%vs. prior year-end -15.1pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating-290
Investment-1
Financials+192
Net change-99

Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period559 Millions of yen
Outlook and shareholder returns
Full-year earnings forecast
Net Sales1,802 Millions of yen (YoY +1.3%)
Operating profit1 Millions of yen
Ordinary income2 Millions of yen
Net income1 Millions of yen
Annual Dividend Forecast¥0.00 → ¥0.00
Factors Behind Changes in Business Performance

Revenue decreased due to intensified market competition, changing customer needs, underperformance by some core products versus the previous year, reduced media exposure and fewer event appearances by product demonstrators. Operating, ordinary and net losses narrowed due to a decrease in selling, general and administrative expenses, among other factors.

Disclosure regarding the going concern assumption

Material events, etc., are disclosed. Although three consecutive years of operating, ordinary and net losses have created circumstances raising substantial doubt about the company’s ability to continue as a going concern, the company determined that no material uncertainty exists at present based on securing funding and implementing measures to return to profitability. There are no applicable notes regarding the going-concern assumption.

Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Material subsequent eventsNot applicable.
Impairment loss¥335 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment Losses ¥335 thousand
Depreciation and amortization¥654 thousand
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End2,963,000 Shares
Treasury Shares at Period-End124 Shares
Results for this period
ItemDetails
Fiscal Period ClassificationFull year
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedNon-consolidated (standalone)
Period Covered1 March 2025–28 February 2026
Net Sales1,779 Millions of yen (YoY -13.3%)
Operating profit-271 Millions of yen
Ordinary income-271 Millions of yen
Profit attributable to owners of the parent-272 Millions of yen
Net income per shareLoss of ¥91.85 per share
Operating Margin△15.2%
Equity ratioEnd of the current fiscal period 66.6 / End of previous period 81.7
Total assets1,152 Millions of yen
Net assets767 Millions of yen
Cash flows from operating activities-290 Millions of yen
Cash flows from investing activities-1 Millions of yen
Cash flows from financing activities192 Millions of yen
Cash and cash equivalents at end of period559 Millions of yen
Full-year earnings forecastNet Sales 1,802 Millions of yen (YoY +1.3%) / Operating profit 1 Millions of yen / Ordinary income 2 Millions of yen / Net income 1 Millions of yen
Annual Dividend Forecast¥0.00 → ¥0.00
Depreciation and amortization¥654 thousand
Impairment loss¥335 thousand
Breakdown of extraordinary income (loss)Extraordinary income Not disclosed / Extraordinary loss Impairment Losses ¥335 thousand
Disclosure regarding the going concern assumptionMaterial events, etc., are disclosed. Although three consecutive years of operating, ordinary and net losses have created circumstances raising substantial doubt about the company’s ability to continue as a going concern, the company determined that no material uncertainty exists at present based on securing funding and implementing measures to return to profitability. There are no applicable notes regarding the going-concern assumption.
Change in accounting policyChanges due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No
Material subsequent eventsNot applicable.
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for institutional investors and analysts)
Issued Shares at Period-End2,963,000 Shares
Treasury Shares at Period-End124 Shares
Factors Behind Changes in Business PerformanceRevenue decreased due to intensified market competition, changing customer needs, underperformance by some core products versus the previous year, reduced media exposure and fewer event appearances by product demonstrators. Operating, ordinary and net losses narrowed due to a decrease in selling, general and administrative expenses, among other factors.
Items this document does not state (8)
Revision to Earnings ForecastPayout ratioShareholder Return PolicySegment revenueSegment profitRegional salesOrders received and order backlogChanges in the scope of consolidation

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company cited intensified market competition, changing customer needs, underperformance by some core products versus the previous year, reduced media exposure and fewer event appearances by product demonstrators as factors behind the decline in revenue. Losses narrowed due to reductions in fixed costs and optimization of advertising and promotional expenses.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results for the Fiscal Year Ended February 2026 [Japanese GAAP] (Non-consolidated) | Copa Corporation Inc. (7689) timely disclosure | Komori