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Kanto Denka Revises Earnings Amid EV Market Challenges

Kanto Denka Revises Earnings Amid EV Market Challenges

Kanto Denka Kogyo Co., Ltd. (JP:4047) has released an update.

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Kanto Denka Kogyo Co., Ltd. reported an unexpected increase in half-year profits due to strong performance in specialty gases, despite challenges in the EV market impacting full-year forecasts. The company revised its full-year earnings projections downward, citing a slowdown in the EV sector and regulatory delays as key factors.

For further insights into JP:4047 stock, check out TipRanks’ Stock Analysis page.

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