Copa Corporation Inc. [7689.T]
TOKYO, May 29 (Pulse News Wire) – Copa Corporation Inc. (7689.T) reported lower-than-expected sales and incurred losses for its fiscal 2026 February quarter.
Sales came in at ¥1.779 billion against a forecast of ¥1.833 billion, missing due to delays in TV program scheduling. Additionally, inventory clearance efforts led to higher cost of goods sold, impacting gross margins. lower operating profit was recorded at -¥271 million compared to expectations, while lower net profit stood at -¥272 million.
In channel performance, TV commerce sales declined, offset somewhat by strong contributions from direct-to-consumer platforms like Democow and Wakutan. However, new product launches did not meet initial timelines, contributing to overall revenue shortfall. Key risks highlighted included inventory management challenges and dependency on major products, alongside regulatory compliance issues.
Copa plans updates to its mid-term strategy amid ongoing economic uncertainties.
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