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Koa
(6999)
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Rating:54Neutral
Price Target:
¥2,622.00
▲(14.95% Upside)
Action:Reiterated
Date:07/30/26
The score is driven primarily by mixed financial performance: a 2026 rebound in revenue and earnings is offset by prior profitability swings, rising leverage, and historically weak free-cash-flow consistency. Technicals are a notable drag with the stock below key short- and medium-term moving averages, while valuation is a modest support with a mid-range P/E and a ~1.55% dividend yield.
Positive Factors
2026 Revenue Rebound
The return to 11.6% revenue growth shows that demand and shipment activity recovered after two weaker years. If this momentum persists, it can improve operating leverage, support investment in product capabilities, and reinforce Koa’s position across electronics end markets.
Negative Factors
Rising Leverage
The increase in leverage reduces financial flexibility compared with Koa’s earlier conservative position. Higher debt can amplify the effect of weaker demand or margins by increasing fixed obligations and may constrain future investment and capital allocation during a downturn.
Read all positive and negative factors
Positive Factors
Negative Factors
2026 Revenue Rebound
The return to 11.6% revenue growth shows that demand and shipment activity recovered after two weaker years. If this momentum persists, it can improve operating leverage, support investment in product capabilities, and reinforce Koa’s position across electronics end markets.
Read all positive factors
Koa (6999) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥85.96B
Dividend Yield1.89%
Average Volume (3M)388.95K
Price to Earnings (P/E)18.2
Beta (1Y)2.20
Revenue Growth17.86%
EPS Growth1566.41%
CountryJP
Employees4,409
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)8.34
Shares Outstanding37,479,725
10 Day Avg. Volume227,130
30 Day Avg. Volume388,953
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.61
Price to Sales (P/S)0.74
P/FCF Ratio37.50
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)228.9
Revenue Forecast (FY)¥90.00B
Koa Business Overview & Revenue Model
Company Description
KOA Corporation, together with its subsidiaries, develops, manufactures, and sells circuit components in Japan, Asia, America, and Europe. The company offers SMD and leaded resistors, low resistance/current sense shunt resistors, thermistors, ther...
How the Company Makes Money
Koa makes money primarily by selling electronic components—especially resistors—to equipment manufacturers and electronics supply chains. Its core revenue stream is product sales of resistors (e.g., surface-mount chip resistors, leaded resistors, ...
Koa Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
59
Neutral
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.75B | 72.29B | 64.12B | 64.83B | 75.07B | 64.95B |
| Gross Profit | 18.49B | 21.87B | 18.29B | 20.00B | 26.07B | 18.86B |
| EBITDA | 7.61B | 10.67B | 7.03B | 8.19B | 14.28B | 9.23B |
| Net Income | 310.00M | 3.95B | 260.00M | 2.77B | 7.37B | 4.77B |
Balance Sheet | ||||||
| Total Assets | 141.74B | 151.55B | 141.37B | 129.57B | 112.77B | 94.99B |
| Cash, Cash Equivalents and Short-Term Investments | 25.83B | 29.00B | 26.64B | 32.55B | 29.65B | 22.92B |
| Total Debt | 46.06B | 45.41B | 44.99B | 31.84B | 17.49B | 7.21B |
| Total Liabilities | 63.71B | 62.97B | 63.25B | 50.99B | 39.04B | 27.88B |
| Stockholders Equity | 78.03B | 88.58B | 78.11B | 78.57B | 73.72B | 67.10B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.43B | -16.97B | -8.60B | -3.44B | 1.33B |
| Operating Cash Flow | 0.00 | 8.85B | 8.10B | 7.09B | 8.21B | 5.97B |
| Investing Cash Flow | 0.00 | -6.84B | -23.94B | -17.40B | -12.93B | -5.92B |
| Financing Cash Flow | 0.00 | -510.00M | 11.25B | 12.29B | 8.53B | 1.25B |
Koa Technical Analysis
Positive
2281.00
Price Trends
2294.48
Positive
2432.13
Positive
2013.89
Positive
Market Momentum
52.28
Negative
69.13
Neutral
92.23
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 2281 is above the 20-day moving average (MA) of 2244.01, below the 50-day MA of 2294.48, and above the 200-day MA of 2013.89, indicating a bullish trend. The MACD of 52.28 indicates Negative momentum. The RSI at 69.13 is Neutral, neither overbought nor oversold. The STOCH value of 92.23 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥6.54T | 28.80 | ― | 1.10% | 21.98% | 57.54% | |
65 Neutral | ¥16.13T | 60.00 | 9.94% | 0.79% | 10.31% | 24.82% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ¥184.91B | 23.91 | ― | 1.40% | 0.36% | 45.02% | |
54 Neutral | ¥85.96B | 18.25 | 6.00% | 1.89% | 17.86% | 1566.41% | |
54 Neutral | ¥1.39T | 79.87 | ― | 0.81% | 5.60% | ― | |
54 Neutral | ¥2.34B | -9.95 | ― | 1.32% | 2.86% | 37.26% |
* Technology Sector Average
JP:6999
Koa
2,571.00
1,407.50
120.97%
JP:6981
Murata Manufacturing Co
8,829.00
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212.17%
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TDK Corporation
3,628.00
1,400.63
62.88%
JP:6976
Taiyo Yuden Co., Ltd.
11,135.00
7,714.92
225.58%
JP:6977
Japan Resistor Mfg.Co.
1,896.00
1,066.06
128.45%
JP:6996
Nichicon Corporation
2,718.00
1,289.45
90.26%
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.