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Employees: 4,409
Size Koa (6999.T) is a Japan Information Technology company (Electronic Production Equipment) with a market value of $415M, the 1167th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,764 on 6 Nov 2026.
Performance Over six months the shares fell 6.3%, against -28.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 21.6% over the last twelve months (peer median +11.6%); the operating margin is 7.5% (peer median 3.4%).
Valuation It trades at 7.4× forward earnings against a peer median of 15.3× (cheapest of 9).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.5 points below its cost of capital (10.4% WACC).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥81.3B | ¥72.3B | ¥64.1B | ¥64.8B | ¥75.1B |
| Revenue growth | — | +13% | -1% | -14% | — |
| Gross profit | ¥25.3B | ¥21.4B | ¥18.3B | ¥20.0B | ¥26.1B |
| EBITDA | ¥13.5B | ¥10.7B | ¥7.03B | ¥8.19B | ¥14.3B |
| Net income | ¥8.62B | ¥3.95B | ¥260M | ¥2.77B | ¥7.37B |
| Free cash flow | n/a | ¥1.58B | -¥17.0B | -¥8.60B | -¥3.44B |
| Capital expenditure | n/a | ¥7.64B | ¥25.5B | ¥17.8B | ¥11.8B |
| Total debt | ¥40.6B | ¥45.8B | ¥45.0B | ¥31.8B | ¥17.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6999.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.4% | -12.9% | 4th lowest of 21 |
| 6-month return | -6.3% | -28.2% | 5th highest of 21 |
| Distance from 52-week high | -46.1% | -46.6% | 10th highest of 21 |
| Revenue growth (TTM) | +21.6% | +11.6% | 6th highest of 21 |
| Operating margin | 7.5% | 3.4% | 9th highest of 21 |
| Forward P/E | 7.4× | 15.3× | cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | 12.7% | 16.6% | 7th least demanding of 15 |
| Growth delivered (Del g) | +7.5% | +7.8% | 8th highest of 15 |
| Hurdle (Req g minus delivered) | +5.3 pp | +5.4 pp | 8th least demanding of 15 |
| ROIC minus cost of capital | -6.5 pp | -2.3 pp | 9th lowest of 21 |
| EV / EBITDA | 5.8× | 13.9× | 3rd cheapest of 10 |
| Net debt / EBITDA | 1.0× | -1.6× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Koa 6999.T | Japan | $415M | -6% | +22% | 7% | 7.4× | 12.7% | +7.5% |
| Yes Optoelectronics (Group) 002952.SZ | China | $423M | -38% | +14% | 3% | n/a | 21.7% | +14.8% |
| Inventronics (Hangzhou) 300582.SZ | China | $424M | -35% | -4% | -20% | n/a | n/a | n/a |
| ICHIA Technologies 2402.TW | Taiwan | $405M | -38% | +13% | 6% | 37.5× | n/a | n/a |
| Guangdong Tecsun Science & Technology 002908.SZ | China | $425M | -22% | -14% | -11% | n/a | 28.9% | -0.1% |
| Shanghai Hollywave Electronic System 688682.SS | China | $426M | -42% | +29% | -12% | 154.8× | 17.3% | +5.7% |
| Shenzhen Zowee Tech 002369.SZ | China | $431M | -30% | -8% | -15% | n/a | n/a | n/a |
| Ways Electron 605218.SS | China | $431M | -30% | +20% | -2% | n/a | n/a | n/a |
| Suzhou Future Electrical 301386.SZ | China | $388M | -27% | +2% | 12% | n/a | 15.9% | +3.4% |
| Note NOTE.ST | Sweden | $445M | -12% | +9% | 9% | 15.3× | 0.0% | +15.3% |
| Tianjin Jieqiang Power Equipment 300875.SZ | China | $451M | -23% | +143% | -28% | n/a | 27.9% | +3.5% |
| Winmate 3416.TW | Taiwan | $376M | -5% | +27% | 18% | 15.4× | -1.8% | +14.6% |
| IMAX China 1970.HK | Hong Kong | $374M | +11% | -17% | 36% | 11.0× | -7.2% | +14.5% |
| Kimball Electronics KE | United States | $462M | -26% | -4% | 4% | 12.1× | 4.0% | +2.1% |
| Launch Tech 2488.HK | Hong Kong | $466M | -29% | +22% | 16% | n/a | -12.1% | +13.8% |
| Hollyland (China) Electronics Technology 002729.SZ | China | $361M | -32% | +14% | 8% | n/a | 24.2% | +20.2% |
| Solomon Technology 2359.TW | Taiwan | $483M | -25% | +3% | 0% | 66.0× | 58.1% | +3.8% |
| Group Up Industrial 6664.TWO | Taiwan | $483M | -44% | +11% | 34% | 13.7× | 3.9% | +9.8% |
| KMW 032500.KS | South Korea | $488M | -47% | -9% | -26% | n/a | n/a | n/a |
| Zhejiang East Crystal Electronic 002199.SZ | China | $352M | -6% | +202% | -5% | n/a | n/a | n/a |
| Viking Tech 3624.TWO | Taiwan | $344M | +77% | +14% | 12% | n/a | 30.5% | +4.7% |