Koa Corporation

In the Tokyo stock market morning session, the Nikkei average plunged sharply, ending at 64,568.75 yen, down 2.79% from the previous business day. In addition to the previous day's decline in U.S. stocks, uncertainty over the Middle East situation and new tariffs set to be imposed by the Trump administration on the 24th weighed on sentiment, with the index briefly falling 3.14% to 64,334.29 yen. U.S. WTI crude oil futures traded in the 91-dollar range, and amid a global risk-off mood, the TOPIX ended the morning session down 1.01% at 4,012.79 points, while trading value on the Tokyo Stock Exchange Prime Market reached 4.336145 trillion yen. Among major stocks, SoftBank Group fell over 7% and Kioxia Holdings dropped over 9%, while Chugai Pharmaceutical rose over 3%. On the individual front, Disco, which announced earnings the previous day, topped the decliners list with a drop of over 14%, while KOA, which announced upward revisions and a dividend increase, surged over 10% to rank second on the gainers list.

On the 23rd, multiple companies announced new initiatives and earnings. A consolidated subsidiary of Tsukada Global Holdings will manage the wedding operations at Hotel Gajoen Tokyo, and K&O Energy Group will introduce a shareholder benefit program offering electronic gifts based on the number of shares held to shareholders who have held shares for at least one year. 31 Ice Cream reported a double-digit decline in operating profit for the cumulative second quarter of the fiscal year ending December 2026, while Nagase fell into the red in the first quarter of the fiscal year ending March 2027. Shin-Etsu Polymer posted a consolidated operating profit of 4.148 billion yen, up 8.6% year on year, for the first quarter of the fiscal year ending March 2027, and disclosed its previously undisclosed full-year plan of 120 billion yen in revenue and 16 billion yen in operating profit. JIA made yacht and motorboat dealer Keyside a subsidiary, and KOA revised upward its consolidated operating profit forecast for the fiscal year ending March 2027 from 2.83 billion yen to 5.36 billion yen. Accelmark formed a business alliance with Medical Frontier, and Urbanet Corporation raised its consolidated operating profit plan for the fiscal year ending June 2026 from 3.623 billion yen to 4.1 billion yen. Iole will engage in a strategic collaboration with Castrol of the UK and WOODMAN on next-generation liquid cooling and immersion cooling solutions for AI data centers.