Kandenko Lifts Earnings and Dividend Outlook on Strong Renewable and Infrastructure Demand

Kandenko Co., Ltd. ( (JP:1942) ) has shared an update.

Kandenko Co., Ltd. has sharply revised upward its full-year consolidated and non-consolidated earnings forecasts for the fiscal year ending March 31, 2026, projecting higher net sales and significantly improved profits versus its April 2025 guidance and the prior year. The company cites stronger-than-expected performance in electric power and civil engineering work, underpinned by steady progress in renewable energy construction projects, as well as group subsidiary outperformance, particularly at Kawasaki Setsubi Kogyo. Despite headwinds from higher material and labor costs, Kandenko expects profitability to improve thanks to company-wide productivity enhancement initiatives and increased gains from the sale of cross-shareholdings. In line with the earnings upgrade and its targeted payout ratio of around 40%, the company has also raised its annual dividend forecast by ¥30 to ¥120 per share, signaling a stronger shareholder return profile and confidence in the sustainability of its improved performance.

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 electrical and civil engineering contractor, operating primarily in electric power-related construction and infrastructure projects, including renewable energy facilities. Listed on the Tokyo Stock Exchange Prime Market, the company focuses on utility, industrial, and civil engineering works, supported by group subsidiaries such as Kawasaki Setsubi Kogyo Co., Ltd., to serve the broader energy and infrastructure market.

Average Trading Volume: 1,041,525

Technical Sentiment Signal: Buy

Current Market Cap: Yen1135.9B

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