Kanaden reports 32% revenue jump in Q1

Kanaden Corporation reported net sales of 29.6bn yen in the first quarter, up 31.9% year-on-year. Ordinary profit reached 483m yen while net income was 311m yen.

The growth was driven by strong performance in the FA system, infrastructure, and information/device businesses.

The company also announced a restricted stock compensation plan, disposing of 14,632 shares to directors for 29.3m yen total.