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Kandenko Co., Ltd. ( (JP:1942) ) has provided an update.
Kandenko Co., Ltd. has a significant relationship with the TEPCO Group, with TEPCO Power Grid, Inc. holding a substantial portion of its voting rights. Despite this, Kandenko ensures its operational independence through a structured board decision-making process and the appointment of independent directors. The company’s transactions with TEPCO include substantial electrical work, highlighting its critical role in the power transmission and distribution sector.
More about Kandenko Co., Ltd.
Kandenko Co., Ltd. operates in the power facility construction and maintenance industry, primarily serving the TEPCO Group, which accounts for about 25% of its net sales. The company is involved in projects commissioned by the TEPCO Group, awarded through competitive bidding, and maintains a degree of independence by appointing independent officers and making decisions through its board of directors.
YTD Price Performance: 21.23%
Technical Sentiment Signal: Sell
Current Market Cap: €3.44B
See more insights into 1942 stock on TipRanks’ Stock Analysis page.