KOA <6999> has dropped significantly. The company announced its first-half financial results the previous day, with operating profit of 0.47 billion yen, down 67.3% from the same period last year. The full-year financial estimates have been revised downwards from the previous 1.6 billion yen to 1.15 billion yen, a decrease of 65.3% from the previous year. It seems that the decrease in demand for resistors in the second half is becoming pronounced due to economic stagnation in Japan, the West, and asia. It is expected to be further downwardly revised to 1.6 billion yen following the revision on September 30 (from 3.9 billion yen). The annual dividends are also reduced from the previous plan and the previous year's 50 yen to 40 yen.
KOA---大幅反落、再度の業績下方修正にネガティブなインパクトも
KOA stock fell sharply, with a negative impact from another downward revision in performance.
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