
Meidensha's strategic acquisition boosts green portfolio

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Meidensha Corporation, a leading manufacturer in heavy electrical machinery, reported a 6.2% year-on-year revenue increase in Q1 25, reaching JPY58.4bn. Despite a decline in orders, the company anticipates an 11.3% revenue growth for FY 25. The Medium-term Management Plan aims for JPY370.0bn in net sales by 2027. Meidensha's stock has delivered a 75.8% return over the past year, with analysts giving it an average target price of JPY6,460.0, indicating an 11% upside.

