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The latest announcement is out from Hitachi Zosen Corporation ( (JP:7004) ).
Kanadevia Corporation has submitted an interim report to the Ministry of Land, Infrastructure, Transport and Tourism regarding inappropriate conduct at its Mukaishima Works. The issue involved inadequate qualifications of welding operators in the production of bridges and other structures. While the company assures that the safety of the products is not significantly impacted, it plans to conduct inspections and follow-up monitoring in collaboration with road administrators. Kanadevia is also implementing further preventive measures to avoid recurrence of such issues, aiming to restore trust among stakeholders.
The most recent analyst rating on (JP:7004) stock is a Hold with a Yen1001.00 price target. To see the full list of analyst forecasts on Hitachi Zosen Corporation stock, see the JP:7004 Stock Forecast page.
More about Hitachi Zosen Corporation
Kanadevia Corporation operates in the infrastructure industry, focusing on the production of bridges and other structures. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its engineering and manufacturing capabilities.
Average Trading Volume: 859,084
Technical Sentiment Signal: Buy
Current Market Cap: Yen168.4B
For an in-depth examination of 7004 stock, go to TipRanks’ Overview page.