Kanaden Corporation Reports Decline in Nine-Month Financial Performance but Forecasts Growth
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Kanaden Corporation reported a decline in its financial performance for the nine months ending December 31, 2024, with net sales and profits decreasing year-on-year, and comprehensive income dropping by 68.5%. However, the company forecasts growth for the full year ending March 31, 2025, anticipating an increase in net sales and profits, aided by the inclusion of two new companies in its scope. Kanaden is listed on the Tokyo Stock Exchange and operates in the electric machinery and equipment distribution sector.
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