Resistor manufacturer KOA substantially revised up its full-year earnings forecast for the fiscal year ending March 2027 and also raised its year-end dividend forecast. First-half profit rose sharply, while demand from the automotive and industrial equipment sectors is expected to remain firm in the second half.
KOA raised its consolidated operating profit forecast for the fiscal year ending March 2027 from the previous ¥5.36 billion to ¥8.31 billion. First-half operating profit was ¥3.74 billion, up 2.9 times year on year, and demand is expected from the automotive, industrial equipment and AI-related equipment sectors in the second half.
Revenue for April–September was ¥43.6 billion, up 26.0% year on year. It reached a record high for a half-year period, while net profit was ¥5.82 billion, or 5.0 times the year-earlier level. The company recorded ¥3.10 billion in relocation compensation related to the relocation of a factory operated by its Chinese subsidiary as extraordinary income.
The year-end dividend forecast was raised from ¥31.50 to ¥46.50, bringing the annual dividend to ¥78, compared with ¥32 for the previous fiscal year.