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Kanadevia Corporation Reports Extraordinary Losses Due to Inappropriate Conduct

Story Highlights
  • Kanadevia Corporation reports losses due to misconduct in marine engine business.
  • The company records 3.5 billion yen in consolidated financial statements for compliance costs.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Confident Investing Starts Here:

Hitachi Zosen Corporation ( (JP:7004) ) has issued an update.

Kanadevia Corporation has recorded extraordinary losses for the fiscal year ending March 31, 2025, due to inappropriate conduct in its marine engine business and other sectors. The company has accounted for investigation and compliance costs, totaling 3.5 billion yen in consolidated financial statements and 3.2 billion yen in non-consolidated financial statements, impacting its financial results.

More about Hitachi Zosen Corporation

Average Trading Volume: 681,243

Technical Sentiment Signal: Buy

Current Market Cap: Yen158.4B

Learn more about 7004 stock on TipRanks’ Stock Analysis page.

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