Kanaden Corporation Sees Decline but Projects Recovery

Kanaden Corporation (JP:8081) has released an update.

Kanaden Corporation reported a decline in its financial performance for the six months ending September 30, 2024, with net sales dropping by 3.4% and profit attributable to owners decreasing by 39.6% compared to the previous year. Despite the downturn, the company maintains a robust equity ratio of 63.7%. Looking ahead, Kanaden forecasts a modest growth in net sales and profits for the fiscal year ending March 31, 2025.

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