Copa Corporation Inc. [7689.T]
TOKYO, Apr 14 (Pulse News Wire) – Copa Corporation Inc. (7689.T) reported its fiscal year 2026 (March 1, 2025 to February 28, 2026) earnings, falling short of previous forecasts.
Revenue came in at ¥1.779 billion compared to the earlier estimate of ¥1.833 billion. Operating profit was ¥-271 million versus the forecast of ¥-196 million, leading to a lower net profit of ¥-272 per share, up from the previously projected ¥-197 per share. The shortfall in revenue was primarily due to some TV shopping program scheduling being pushed back to the next fiscal year.
Additionally, higher disposal costs for low-selling inventory contributed to increased sales cost rates, resulting in lower overall gross margin. Despite stable selling and administrative expenses, the company's lower net profit widened to ¥-272 million from the prior projection of ¥-197 million. Management noted that future performance could vary based on economic conditions, market changes, and competitive factors.
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