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Hitachi Zosen Corporation ( (JP:7004) ) has issued an announcement.
Kanadevia reported a 5.7% rise in net sales to ¥645.2 billion for the year ended March 31, 2026, but operating income more than halved and profit attributable to shareholders fell 49.6% to ¥11.1 billion. Profitability ratios declined sharply, with operating margin dropping to 1.9% and return on equity falling to 5.8%, even as equity-method income increased and total assets expanded to ¥718.6 billion.
The group maintained an annual dividend of ¥25 per share, lifting the payout ratio to 37.8%, and plans to raise the dividend to ¥38 in the year to March 2027, signaling a continued focus on shareholder returns despite earnings pressure. Management forecasts flat sales but a strong recovery in profitability in the next fiscal year, projecting operating income more than doubling and profit attributable to shareholders jumping 88.6%, while also noting the removal of several subsidiaries from the consolidated group structure.
More about Hitachi Zosen Corporation
Kanadevia Corporation is a Japanese industrial group listed in Tokyo and operating under code 7004, reporting in accordance with Japanese GAAP. The company runs a diversified engineering and manufacturing business, generating hundreds of billions of yen in annual consolidated net sales and serving a broad domestic and international customer base.
Average Trading Volume: 1,046,060
Technical Sentiment Signal: Buy
Current Market Cap: Yen214.9B
For an in-depth examination of 7004 stock, go to TipRanks’ Overview page.