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KANDENKO shows strength, raises ROE target on consecutive record profit forecast for current fiscal year

Tue Apr 28, 2026 1:40 pm JST Catalyst

KANDENKO CO., LTD. <1942> surged on April 28, buoyed by a strong earnings report and a surprise hike in its profitability targets. Buying interest was initially ignited by peer KINDEN CORPORATION <1944>, which hit its daily limit-high after posting robust results. KANDENKO reported that its consolidated results for the fiscal year ended March 2026 exceeded internal plans. For the fiscal year ending March 2027, the company forecasts revenue of 780 billion yen (up 5.1% year-on-year) and net income of 65 billion yen (up 2.3%), marking consecutive record highs. In terms of shareholder returns, KANDENKO raised its previous year-end dividend by 4 yen and set the current year’s dividend forecast at 130 yen, an increase of 6 yen. While the stock initially faced profit-taking after the 1:00 p.m. release, sentiment was bolstered by a revised medium-term management plan that lifted the ROE (return on equity) target for the current fiscal year to approximately 16% from the previous "above 10%." The stock successfully absorbed selling pressure to break above its morning high.

Source: MINKABU PRESS

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

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