Kandenko Sets Terms for ¥128 Billion Secondary Share Offering and Over-Allotment

Kandenko Co., Ltd. ( (JP:1942) ) has issued an announcement.

Kandenko Co., Ltd. has set the terms for a large secondary offering of its common stock, with underwriters purchasing 18,259,400 shares at an underwriting value of 5,843.64 yen and selling them at 6,095 yen per share, for a total selling amount of approximately 111.3 billion yen. An additional over-allotment of 2,738,900 shares, also priced at 6,095 yen, will raise about 16.7 billion yen, with settlement slated for February 24, 2026 and a portion of the shares to be placed with investors in overseas markets such as Europe and Asia, underscoring efforts to broaden liquidity and diversify the company’s investor base.

The selling price was set with a 3.01% discount to the February 16, 2026 reference price of 6,284 yen, a typical move to facilitate demand and smooth execution of the offering. The syndicate cover transaction period will run from February 19 to March 19, 2026, providing underwriters flexibility to stabilize the share price in the market, a key factor for existing shareholders and potential new investors monitoring post-offering trading dynamics.

The most recent analyst rating on (JP:1942) stock is a Hold with a Yen6944.00 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., listed on the Tokyo Stock Exchange Prime Market under securities code 1942, operates in Japan’s construction and engineering sector, focusing on electrical and related infrastructure work. The company serves domestic and overseas markets, including investors in Europe and Asia, reflecting an increasingly international shareholder base.

YTD Price Performance: 26.13%

Average Trading Volume: 1,093,457

Technical Sentiment Signal: Buy

Current Market Cap: Yen1295.7B

For an in-depth examination of 1942 stock, go to TipRanks’ Overview page.