Recently, the KOTO experiment at J-PARC has observed three anomalous events in the flavor-changing rare decay K L → π 0 νν, which indicates that the corresponding branching ratio is almost two orders of magnitude larger than the Standard Model (SM) prediction. Taking this intriguing result at face value, we explore model implications of its viable explanation by a long-lived light SM-singlet scalar (S) emission, i.e. K L → π 0 S, with S decaying outside the KOTO detector. We derive constraints on the parameter space of such a light scalar in the context of three simple models: (i) a real singlet scalar extension of the SM; (ii) a B − L extension where neutrino masses arise via type-I seesaw mechanism from B − L breaking; and (iii) a TeV-scale left-right symmetric model. The flavor-changing couplings needed to explain the KOTO excess in models (i) and (ii) originate from treelevel mixing of the scalar with SM Higgs field (h), and in model (iii), from the mixing of S and h with the neutral component of the heavy bidoublet Higgs field. After taking into account the stringent constraints from high-precision searches for flavor-changing charged and neutral kaon decays at NA62, E949, KOTO and CHARM experiments, as well as the astrophysical and cosmological constraints on a light scalar, such as those from supernova energy loss, big bang nucleosynthesis and relativistic degrees of freedom, we find that the light scalar interpretation of the KOTO excess is excluded in models (i) and (ii) by the supernova limit. However, there is still a narrow parameter space available in the TeVscale left-right symmetric model to explain the KOTO excess, which can be tested in future NA62 and DUNE experiments.