Kanadevia Corporation [7004.T]
TOKYO, May 12 (Pulse News Wire) – Kanadevia Corporation (7004.T) reported its individual performance results for the fiscal year ended March 31, 2026, showing a decline in operating profit compared to the previous fiscal year. For the fiscal year ending March 31, 2026, the company's revenue was ¥214.5 billion, down from ¥216.3 billion in the prior fiscal year.
Operating profit decreased to ¥1.904 billion from ¥4.422 billion, while ordinary profit was ¥4.376 billion from ¥5.032 billion. Net income stood at ¥59.6 million, reflecting a reduction of ¥--¥1.072 billion from the previous year’s net income of ¥65.9 million. The decrease in operating profit was attributed to lower profitability in the machine segment.
Additionally, the absence of previously recorded investment fund valuation losses led to a reduction in extraordinary expenses, thereby narrowing the gap in ordinary profit. Kanadevia Corporation, represented by President and Group CEO Mr. Katsuharu Michi, noted that these changes reflect ongoing challenges within certain segments of their operations.
The company continues to monitor these areas closely to ensure sustainable growth moving forward.
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