KINDEN sees rising buy orders, plans significant dividend hike on back of consecutive record profit forecast

KINDEN CORPORATION <1944> is seeing a rise in buy orders. Following the market close on the 27th, the company released its earnings and dividend forecasts for the fiscal year ending March 2027, alongside consolidated results for the year ended March 2026. KINDEN projects revenue of 810 billion yen for the current year, up 7.9%, and ordinary profit of 96 billion yen, up 1.6%, aiming for consecutive record highs. The company also hiked its year-end dividend for the previous year to 70 yen (bringing the full-year total to 130 yen) and set its annual dividend forecast for the current year at 240 yen, a 110 yen increase. Buying is driven by optimism regarding business performance and shareholder returns.

KINDEN expects completed construction to reach 810 billion yen this year, up 7.9%. On a non-consolidated basis, orders are targeted at 680 billion yen, down 5.8%. While orders for general electrical and power-related works are expected to decline, the company anticipates growth in distribution, information and telecommunications, and environment-related construction.

Additionally, KINDEN will launch a tender offer for its own shares from April 28 to June 1 at 6,677 yen per share. The buyback is capped at 335,001,000 shares (a 16.92% stake) for approximately 223,680,160,000 yen. Acquired shares are slated for cancellation on June 30. The move follows an indication from Kansai Electric Power <9503> that it intends to sell a portion of its holding in KINDEN.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.