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Kandenko Co., Ltd. ( (JP:1942) ) just unveiled an announcement.
Kandenko Co., Ltd. has resolved to repurchase up to 7.5 million shares, or about 3.67% of its outstanding common stock excluding treasury shares, for a maximum of ¥30 billion over the period from February 2 to February 6, 2026 via ToSTNeT-3 off-auction trading on the Tokyo Stock Exchange. The buyback forms part of the company’s broader capital policy, which includes a target dividend payout ratio of around 40% and a focus on management that considers cost of capital and share price, and is intended to enhance shareholder returns, improve capital efficiency and offset supply-demand effects from a recently announced secondary offering, with the board stressing its independence from the controlling shareholder TEPCO Power Grid and confirming that independent officers see no governance concerns around the transaction.
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 and construction company listed on the Tokyo Stock Exchange Prime Market, operating under securities code 1942. It is involved in electrical and related infrastructure works, serving utilities and other industrial and commercial clients, and counts TEPCO Power Grid, Incorporated as its controlling shareholder.
Average Trading Volume: 1,000,632
Technical Sentiment Signal: Buy
Current Market Cap: Yen1118B
See more insights into 1942 stock on TipRanks’ Stock Analysis page.