Canare Corporation of America, a privately owned company founded in 1970 and headquartered in Japan, manufactures professional audio and video products. Employing approximately 290 people, the company's product line includes SMPTE fiber cables, connectors and assemblies, fiber products, coaxial and audio cables, BNC connectors, video patchbays, and associated tooling. Its primary market focus is data center infrastructure. In 2024, the company's revenue was less than $100 million.
Canare Electric reported first-quarter 2025 results showing revenue of JP¥3.34 billion, a 5.3% increase from the first quarter of 2024. Net income increased by 13% to JP¥387.0 million, while the profit margin remained at 12%. Earnings per share rose to JP¥56.78 from JP¥50.29 in the first quarter of 2024. Full-year 2024 results showed revenue of JP¥12.4 billion, a 3.8% decrease from 2023. Net income for the full year 2024 was JP¥1.04 billion, down 13% from 2023, with a profit margin of 8.4%, lower than the 9.2% margin in 2023. The decrease in margin resulted from lower revenue. Consolidated financial highlights for the three months ended March 31, 2025, and March 31, 2024, were reported on April 25.
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Canare Corporation of America offers products in the telecoms tech industry. Canare Corporation of America's product portfolio comprises of data centre infrastructure.
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Canare Corporation of America's revenues were less than $100M in 2024. All the revenue comes from structured wiring, cables, connectors and power.
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