#KanadeviaCorporation

Kanadevia Corporation and Nippon Steel Engineering Co., Ltd. commenced consideration for business integration and signed a basic memorandum on February 5, 2026, aiming for an effective date in April 2027.

Kanadevia Corporation will withdraw from the bridge business and plans to cease operations at the Mukojima Plant during fiscal year 2026. A special loss of approximately 1.6 billion yen is expected to be recorded in the third quarter of the fiscal year ending March 2026.

The full-year sales forecast for the fiscal year ending March 2026 remains unchanged at 620 billion yen, but operating income is downwardly revised to 13.5 billion yen (25.0% decrease from the previous forecast), and net income attributable to owners of parent is lowered to 5.0 billion yen (50.0% decrease).

For the third quarter of the fiscal year ending March 2026, net sales amounted to JPY 424,740 million (2.7% YoY increase), operating loss was JPY 4,666 million, and net quarterly loss attributable to owners of the parent was JPY 6,311 million. The full-year earnings guidance was revised downward to a net profit of JPY 5,000 million (77.4% decrease from previous...