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KRAFTIA CORPORATION rebounds after three-day decline as domestic research firm raises target price to 13,600 yen
KRAFTIA CORPORATION <1959> rebounded after three consecutive days of decline. Tokai Tokyo Intelligence Laboratory raised its target price for the company's shares from 11,700 yen to 13,600 yen on the 1st. The firm maintained its "Outperform" rating, the highest on its three-tier scale. KRAFTIA CORPORATION <1959> is an electrical construction company affiliated with Kyushu Electric Power Company, Incorporated <9508>. The company's consolidated operating profit for the fiscal year ending March 2026 increased 31.9% year-on-year to 54.6 billion yen. Demand related to redevelopment projects, data centers, and factories appears to be progressing steadily. For the fiscal year ending March 2027, operating profit is forecast to rise a modest 1.6% to 55.5 billion yen, but the research firm views this as conservative and expects an upward revision to 69 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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