Kanadevia revised down its full-year consolidated operating profit forecast for the fiscal year ending March 2027 to ¥23.0 billion. Delayed orders for European projects are believed to be a factor.
Kanadevia set its full-year consolidated operating profit forecast for the fiscal year ending March 2027 at ¥23.0 billion, a downward revision of ¥2.5 billion from the forecast announced in August.
The company explained that delayed orders for European projects involving its Swiss subsidiary, Kanadevia Inova, had contributed to the revision.
The revision is attributed to delays in recognizing revenue and changes in the scale of projects resulting from delays to the company's European projects. A further revision is also being discussed depending on future progress.