Kudan, Inc. (JP:4425) has released an update.
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Kudan, Inc. reports a decline in first-quarter revenue but remains on track with its growth strategies and expects steady performance in the upcoming quarters, maintaining its annual forecast. The company successfully completed 97% of its financing from share acquisition rights, ensuring a strong cash balance and funding for future management plans. Furthermore, Kudan has made significant progress in commercialization and public sector projects, with positive impacts from exchange rates on profit and cash flow, and negligible interest rate effects.
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