Kanadevia Unveils Plan to Tighten Operations, Restore Stakeholder Trust

MT Newswires Live

2025/05/01

Kanadevia (TYO:7004) is taking steps to prevent further misconduct following an internal investigation into its marine engine division, according to a Wednesday filing on the Tokyo Stock Exchange.

The company will strengthen oversight at its Mukaishima and Wakasa Works, improve welding verification processes, and introduce color-coded helmets and enhanced patrols. It will also tighten management of 4M change processes and review inspection records more rigorously.

Additionally, Kanadevia is implementing systems to ensure tamper-proof water quality and crane operation checks at its water treatment and waste incineration facilities.

Price (JPY): $917.00, Change: $+3.0, Percent Change: +0.33%

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