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Hitachi Zosen Corporation ( (JP:7004) ) has issued an update.
Kanadevia Corporation has revised downward its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, keeping net sales unchanged at ¥620 billion but cutting operating income by 25% to ¥13.5 billion, ordinary income by 7.1% to ¥13 billion, and profit attributable to shareholders by 50% to ¥5 billion, resulting in an expected halving of earnings per share to ¥29.73 versus the prior forecast. The company attributes the deterioration mainly to technical troubles at overseas environmental subsidiaries that have eroded profitability and led to extraordinary losses, though equity-method investment gains are partially supporting ordinary income; despite the sharp profit downgrade from both the prior forecast and the previous year’s results, Kanadevia has maintained its year-end dividend forecast, signaling an intention to provide stability for shareholders amid operational challenges.
The most recent analyst rating on (JP:7004) stock is a Hold with a Yen1119.00 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, listed on the Tokyo Stock Exchange Prime Market under security code 7004, operates in the industrial and engineering sector, with a notable presence in environmental-related businesses including overseas environmental subsidiaries that contribute materially to its consolidated earnings profile.
Average Trading Volume: 706,028
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen182.2B
See more data about 7004 stock on TipRanks’ Stock Analysis page.