diff --git a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/lower/ComplexExternalDeclarationsToTopLevelFunctionsLowering.kt b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/lower/ComplexExternalDeclarationsToTopLevelFunctionsLowering.kt
index bed26587b12..3622caf4d40 100644
--- a/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/lower/ComplexExternalDeclarationsToTopLevelFunctionsLowering.kt
+++ b/compiler/ir/backend.wasm/src/org/jetbrains/kotlin/backend/wasm/lower/ComplexExternalDeclarationsToTopLevelFunctionsLowering.kt
@@ -148,6 +148,10 @@ class ComplexExternalDeclarationsToTopLevelFunctionsLowering(val context: WasmBa
         val parent = klass.parent
         if (parent is IrClass) {
             appendExternalClassReference(parent)
+            if (klass.isCompanion) {
+                // Reference to external companion object is reference to its parent class
+                return
+            }
             append('.')
         }
         append(klass.getJsNameOrKotlinName())