Corporate ActionAug 6, 2026, 05:28 PM
Koei Group Files F-1/A for IPO; Reports FY26 Revenue $47.67M
AI Summary
Koei Group Co., Ltd. filed an F-1/A amendment for its initial public offering, seeking to list common shares on the Nasdaq Capital Market under "KOEI." The company, a Japan-based holding company specializing in material recycling, IT asset disposition, and industrial waste management, reported FY2026 revenue of US$47.67 million and net income of US$1.89 million. The offering includes an unspecified number of common shares and warrants, with an expected price range to be determined. The company also detailed recent acquisitions and divestments as part of its international expansion strategy.
Key Highlights
- Filed F-1/A for Initial Public Offering of common shares on Nasdaq Capital Market.
- Reported FY2026 revenue of US$47,665,800, up from US$43,837,761 in FY2025.
- Achieved FY2026 net income of US$1,885,665, an increase from US$1,185,085 in FY2025.
- Net cash provided by operating activities was US$4,288,651 in FY2026.
- Completed a 30,000-for-1 Forward Stock Split effective September 8, 2025.
- Acquired 51% interest in Koei US, Inc. for US$1,000,000 on March 10, 2025.
- Sold 49% interest in Hidaka Koei (Thailand) Co., Ltd. for approximately US$32,000 in Feb 2026.
- Operates with a 'B' environmental performance rating from CDP.
Price Impact