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An update from Kandenko Co., Ltd. ( (JP:1942) ) is now available.
Kandenko has approved a secondary offering of its common shares as part of a broader capital and shareholder base restructuring aimed at enhancing medium- to long-term corporate value. The move follows record-high fiscal 2024 results, which allowed the company to meet its original fiscal 2026 performance targets two years early and subsequently lift its medium-term plan goals. In agreement with major shareholder TEPCO Power Grid, the offering will be used to reduce TEPCO’s stake to about one-third, a level both parties view as optimal, while Kandenko seeks to broaden and diversify its shareholder base, improve share liquidity and address overhang concerns. The company positions this transaction as a way to increase management agility, support further growth investment including M&A, and improve capital efficiency, while maintaining a close business relationship with TEPCO Group to fulfill its role in supporting a stable power supply and strengthening shareholder returns.
The most recent analyst rating on (JP:1942) stock is a Hold with a Yen6088.00 price target. To see the full list of analyst forecasts on Kandenko Co., Ltd. stock, see the JP:1942 Stock Forecast page.
More about Kandenko Co., Ltd.
Kandenko Co., Ltd. is a Japan-based engineering contractor that provides one-stop services from planning and design to construction, maintenance and renewal of electrical facilities, construction facilities, and information and communication infrastructure. Operating under the motto “Humanity First,” the company focuses on social and urban infrastructure projects and aims to evolve into a “Green Innovation Company” that supports safe, comfortable communities, guided by its long-term vision of becoming a 100-year company by 2044 and its Milestone 2030 and FY2024–FY2026 medium-term management plan.
Average Trading Volume: 1,000,632
Technical Sentiment Signal: Buy
Current Market Cap: Yen1118B
For detailed information about 1942 stock, go to TipRanks’ Stock Analysis page.