Performance for
Fiscal Year Ended March 2026
April 27, 2026
Kinden Corporation
Contents
Summary of Financial Results
Consolidated P1
Non-Consolidated P2
Cash Flows (Consolidated) P3
Capital Investment (Consolidated) P3
Business Overview by Region (Domestic/Overseas) P4
Business Overview (Non-Consolidated)
Construction Orders
Construction Orders by Customer P5
Construction Orders by Operation P5
Renewal Construction (Excluding Power Distribution Lining) P5
Construction Orders by Region P6
Construction Orders by Operation
(ａ) Power Distribution Lining P7
(ｂ) Electrical (By Facility) P7
(ｃ) Electrical (By Customer's Industry) P7
(ｄ) Information & Communications Network P8
(ｅ) Environmental Management Facilities (By Facility) P8
(ｆ) Electric Power & Others P8
Net Sales of Completed Construction Contracts
Sales of Completed Construction Contracts by Customer P9
Sales of Completed Construction Contracts by Operation P9
Renewal Construction (Excluding Power Distribution Lining) P9
Sales of Completed Construction Contracts by Region P10
Net Sales of Completed Construction Contracts by Operation
(ａ) Power Distribution Lining P11
(ｂ) Electrical (By Facility)
P11
(ｃ) Electrical (By Customer's Industry)
P11
(ｄ) Information & Communications Network
P12
(ｅ) Environmental Management Facilities (By Facility)
P12
(ｆ) Electric Power & Others
P12
(3) Contract Backlog by Operation at the End of Period
P13
(4) Renewable Energy-related Construction
P13
(5) Selling, General and Administrative Expenses
P14
(6) Number of Employees
P14
Shareholders
Number of Shareholders by Type P15
Major Shareholders P15
Shareholder Returns
Dividends P16
Acquisition of Treasury Shares
Repurchase of treasury Shares whose term has expired P16
Tender Offer for Treasury Shares P16
ROE P16
The Company bases its forecasts on assumptions that are believed to be reasonable under information available at the time of the forecasts. Actual results may materially differ from these forecasts due to potential risks and uncertainties.
Amounts less than one million were rounded down.
Full year results | |||
FY2025 | FY2026 | Change | % Change |
705,058 | 750,742 | 45,683 | 6.5% |
132,803 | 176,911 | 44,108 | 33.2% |
18.8% | 23.6% | 4.8 | - |
71,823 | 86,654 | 14,831 | 20.6% |
60,979 | 90,256 | 29,277 | 48.0% |
8.6% | 12.0% | 3.4 | - |
64,546 | 94,493 | 29,946 | 46.4% |
47,250 | 69,447 | 22,196 | 47.0% |
236.26 | 350.53 | 114.27 | |
As of Mar. 31, 2026 | |||
As of Mar. 31, 2025 | |||
Forecasts | |||
FY2027 (Forecast) | Change | % Change | |
810,000 | 59,257 7.9% | ||
188,000 | 11,088 6.3% | ||
23.2% | (0.4) - | ||
91,000 | 4,345 5.0% | ||
97,000 | 6,743 7.5% | ||
12.0% | (0.0) - | ||
96,000 | 1,506 1.6% | ||
70,000 | 552 0.8% | ||
406.46 | 55.93 | ||
Consolidated (Millions of yen)
Net sales of completed construction contracts Gross profit on completed construction contracts
Gross profit margin
Selling, general and administrative expenses Operating profit
Operating profit margin
Ordinary profit
Profit attributable to owners of parent Profit per share (yen)
Total assets
821,693
913,763
Total net assets
599,738
661,895
Equity ratio
72.9%
72.4%
Net assets per share (yen)
3,014.06
3,340.44
FY2026 FY2027
(Forecast)
(Millions of yen)
FY2023 FY2024 FY2025
0
654,516
609,132
810,000
705,058
400,000
300,000
200,000
100,000
Net Sales of Completed Construction Contracts
900,000
800,000
700,000
600,000
500,000
750,742
FY2023 FY2024 FY2025 FY2026 FY2027
(Millions of yen) (Forecast)
0.0%
0
2.0%
42,677
37,430
20,000
4.0%
60,979
90,256
40,000
6.0%
97,000
6.1%
6.5%
60,000
10.0%
8.0%
8.6%
80,000
12.0%
100,000
12.0% 12.0%
14.0%
120,000
Operating profit margin
Operating Profit
7.0%
96,000
94,493
6.0%
40,000
64,546
4.0%
20,000
40,243
45,982
2.0%
0
0.0%
FY2023 FY2024 FY2025 FY2026 FY2027
(Millions of yen) (Forecast)
6.6%
60,000
8.0%
80,000
10.0%
9.2%
12.0%
100,000
11.9%
12.6%
14.0%
120,000
Ordninary margin
Ordinary Profit
4.7%
5.1%
6.0%
40,000
69,447
70,000
4.0%
20,000
47,250
28,722
33,553
2.0%
0 0.0%
FY2023 FY2024 FY2025 FY2026 FY2027
(Millions of yen) (Forecast)
60,000
8.0%
6.7%
8.6%
80,000
10.0%
9.3%
12.0%
100,000
14.0%
120,000
Net profit margin
Profit Attributable to Owners of Parent
Non-Consolidated (Millions of yen)
Forecasts | ||
FY2027 (Forecast) | Change | % Change |
Construction orders
Net sales of completed construction contracts Gross profit on completed construction contracts
Gross profit margin
Selling, general and administrative expenses Operating profit
Operating profit margin
Ordinary profit Profit
Profit per share (yen)
680,000 (42,197) (5.8)%
Full year results | |||
FY2025 | FY2026 | Change | % Change |
619,160 | 722,197 | 103,036 | 16.6% |
595,918 | 612,505 | 16,586 | 2.8% |
111,374 | 148,351 | 36,977 33.2% | |
18.7% | 24.2% | 5.5 - | |
58,987 | 69,230 | 10,243 | 17.4% |
52,386 | 79,120 | 26,734 51.0% | |
8.8% | 12.9% | 4.1 - | |
57,161 | 81,502 | 24,340 | 42.6% |
42,374 | 63,584 | 21,210 | 50.1% |
211.88 | 320.94 | 109.06 | |
As of Mar. 31, 2026 | |||
As of Mar. 31, 2025 | |||
670,000 |
162,500 24.3% |
73,500 |
89,000 13.3% |
90,000 |
67,000 |
389.04 |
57,494 9.4%
14,148 9.5%
0.1 -
4,269 6.2%
9,879 12.5%
0.4 -
8,497 10.4%
3,415 5.4%
68.10
Total assets | 709,198 | 781,432 | |
Total net assets | 533,471 | 586,452 | |
Equity ratio | 75.2% | 75.0% | |
Net assets per share (yen) | 2,684.14 | 2,962.06 |
Construction Orders
800,000
700,000
600,000
500,000
400,000
722,197
300,000
558,320
560,416
619,160
200,000
100,000
0
FY2023 FY2024 FY2025 FY2026 FY2027
(Millions of yen) (Forecast)
680,000
FY2026 FY2027
(Forecast)
(Millions of yen)
FY2023 FY2024 FY2025
200,000
100,000
0
559,954
524,233
595,918 612,505
300,000
Net Sales of Completed Construction Contracts
800,000
700,000
600,000
500,000
400,000
670,000
FY2023 FY2024 FY2025 FY2026 FY2027
(Millions of yen) (Forecast)
0.0%
0
2.0%
32,410 34,523
20,000
4.0%
52,386
6.0%
79,120
89,000
40,000
6.2%
6.2%
8.0%
60,000
10.0%
8.8%
80,000
12.0%
14.0%
Operating profit margin
13.3%
12.9%
Operating Profit
100,000
5.3%
5.3%
6.0%
63,584
67,000
4.0%
20,000
42,374
27,672 29,778
2.0%
0
0.0%
FY2023 FY2024 FY2025 FY2026 FY2027
(Millions of yen) (Forecast)
40,000
8.0%
7.1%
60,000
10.0%
10.0%
12.0%
10.4%
80,000
14.0%
100,000
Net profit margin
Profit
Cash Flows (Consolidated)
Full year
(Millions of yen)
FY2023
FY2024
FY2025
FY2026
Profit before income taxes
42,709
49,062
66,571
97,638
Depreciation
6,804
6,732
7,109
8,954
Decrease (increase) in trade receivable
(23,023)
(17,725)
(2,625)
1,971
Decrease (increase) in costs on construction contracts in progress
956
792
(968)
(4,078)
Increase (decrease) in trade payables
8,533
14,144
(27,360)
(9,267)
Increase (decrease) in advances received on construction
9,713
4,710
10,808
9,351
contracts in progress
Other,net
(2,391)
(4,064)
(11,011)
11,784
Income taxes paid
(13,149)
(15,130)
(17,978)
(28,670)
Net cash provided by (used in) operating activities
30,153
38,520
24,545
87,684
Purchase of non-current assets
(28,710)
(27,522)
(13,483)
(53,597)
Purchase of shares of subsidiaries
-
-
-
(19,021)
Decrease (increase) in short-term and long-term investment
1,923
6,710
17,672
15,256
securities
Other,net
(606)
(1,368)
(583)
(2,522)
Net cash provided by (used in) investing activities
(27,393)
(22,179)
3,605
(59,884)
Purchase of treasury stock
(464)
(7,302)
(8,008)
(8,246)
Dividends paid
(7,788)
(8,458)
(16,658)
(21,845)
Other,net
(1,087)
(217)
(310)
(63)
Net cash provided by (used in) financing activities
(9,340)
(15,978)
(24,976)
(30,155)
Effect of exchange rate change on cash and cash equivalents
1,556
678
970
2
Net increase (decrease) in cash and cash equivalents
(5,024)
1,040
4,144
(2,353)
Cash and cash equivalents at end of period
179,477
180,517
184,662
182,308
100,000
87,684
80,000
60,000
40,000
38,520
30,153
24,545
20,000
3,605
0
(20,000)
(9,340)
(22,179) (15,978)
(40,000)
(27,393)
(24,976)
(30,155)
(60,000)
(59,884)
(80,000)
Net cash Net cash Net cash
provided by used in used in operating investing financing activities activities activities
Net cash Net cash Net cash
provided by used in used in operating investing financing activities activities activities
FY2024
Net cash Net cash Net cash
used in financing activities
(Millions of yen)
FY2023
provided by used in operating investing activities activities
FY2025
Net cash Net cash Net cash
provided by used in used in operating investing financing activities activities activities
FY2026
Capital Investment (Consolidated)
(Millions of yen)
FY2023
FY2024
FY2025
FY2026
Increase FY2027
(Decrease) (Plan)
Land
10,280
34.9%
9,700
37.4%
3,631
35.7%
13,451
22.5%
9,820
1,000
Buildings and structures
16,007
54.3%
13,532
52.1%
2,554
25.1%
38,187
63.7%
35,632
25,600
Vehicles
2,339
7.9%
1,863
7.2%
2,423
23.8%
1,809
3.0%
(613)
2,500
Machinery, tools and fixtures
853
2.9%
857
3.3%
1,567
15.4%
6,466
10.8%
4,898
1,700
Total
29,480
100.0%
25,953
100.0%
10,176
100.0%
59,915
100.0%
49,738
30,800
Note: Lease assets are included.
Business Overview by Region (Domestic/Overseas)
Company
Area
New orders | |||
Full year | Change | ||
FY2025 | FY2026 | Change | % Change |
Kinden Corporation
614,523 717,106 102,583
16.7%
591,028 605,027
13,999
2.4%
Domestic
Domestic subsidiaries
(Millions of yen)
Net sales | ||
Full year | Change | |
FY2025 FY2026 Change % Change
Domestic subsidiaries related to Nishihara
Engineering Company, Limited (2 companies)
Domestic subsidiaries related to electrical business (6 companies)
Domestic subsidiaries related to wind power generation business (4 companies)
43,768
67,073
23,305
53.2%
39,245
41,830
2,585
6.6%
10,806
36,945
26,139
241.9%
11,392
29,910
18,518
162.5%
2,524
2,047
(477)
(18.9)%
2,524
2,047
(477)
(18.9)%
Other domestic subsidiaries (5 companies)
16,727
21,286
4,558
27.3%
16,801
16,735
(66)
(0.4)%
Domestic subsidiaries total
(17 companies)
73,827 127,353
53,526
72.5%
69,964
90,524
20,559
29.4%
Domestic Total [Kinden + Domestic subsidiaries] | 688,350 | 844,460 | 156,109 | 22.7% | 660,992 | 695,552 | 34,559 | 5.2% | |
Domestic ratio | 90.1% | 92.0% | 91.6% | 90.5% | |||||
Kinden Corporation | Asia | 2,405 | 316 | (2,089) | (86.9)% | 1,533 | 3,852 | 2,319 | 151.2% |
Guam | 2,231 | 4,774 | 2,542 | 114.0% | 3,356 | 3,585 | 228 | 6.8% | |
Other | - | - | - | - | 39 | 39 | |||
areas | |||||||||
Kinden (Overseas) total | 4,636 | 5,090 | 453 | 9.8% | 4,890 | 7,477 | 2,587 | 52.9% | |
Overseas subsidiaries | |||||||||
(6 companies) Asia | 45,464 | 45,990 | 526 | 1.2% | 38,409 | 44,056 | 5,647 | 14.7% | |
(2 companies) Hawaii | 25,306 | 22,351 | (2,955) | (11.7)% | 17,373 | 21,461 | 4,087 | 23.5% | |
Overseas subsidiaries total | 70,770 | 68,342 | (2,428) | (3.4)% | 55,783 | 65,517 | 9,734 | 17.5% | |
Overseas
(8 companies)
Overseas Total [Kinden (Overseas) + Overseas subsidiaries] | Asia Hawaii and Guam Other areas | 47,869 27,538 - | 46,306 27,125 - | (1,562) (412) - | (3.3)% (1.5)% | 39,943 20,730 - | 47,909 25,046 39 | 7,966 4,315 39 | 19.9% 20.8% |
Total | 75,407 | 73,432 | (1,975) | (2.6)% | 60,673 | 72,995 | 12,321 | 20.3% | |
Overseas ratio | 9.9% | 8.0% | 8.4% | 9.5% | |||||
Kinden + Subsidiaries Total (Before adjustment for inter-group transactions) | 763,758 | 917,893 | 154,134 | 20.2% | 721,666 | 768,547 | 46,881 | 6.5% |
Asia
Overseas (New Orders by Region)
100,000
80,000
Overseas (Net Sales by Region)
100,000
80,000
72,995
52,592 60,673
60,000
40,987
Asia
40,000
FY2026
Asia
Asia
20,000
0
(Millions of yen)
Hawaii and Guam
FY2023
Hawaii and Guam
FY2024
Hawaii and Guam
FY2025
Hawaii and Guam
Asia
FY2026
FY2025
Hawaii and Guam
FY2024
0
(Millions of yen) FY2023
Hawaii and Guam
Hawaii and Guam
Hawaii and Guam
20,000
75,407
Asia
40,000
Asia
Asia
61,523
57,932
60,000
73,432
Notes:
Domestic subsidiaries related to Nishihara Engineering Company, Limited (Nishihara Engineering Co., Ltd., Nishihara Construction Co., Ltd.) Domestic subsidiaries related to electrical business (Kinden Tokyo Service Company, Incorporated, Kinden Chubu Service Company, Incorporated,
Kinden Kansai Service Company, Incorporated, Kinden Nishinihon Service Company, Incorporated, Daito Denki Kouji Co., Ltd., KITA KOUDENSHA Corporation) Domestic subsidiaries related to wind power generation business (Shirama Wind Farm Co., Ltd., Shiratakiyama Wind Farm Co., Ltd.,
Shirama Greenenergy Co., Ltd., Shiratakiyama Greenenergy Co., Ltd.)
Other domestic subsidiaries (Kinden Services Company, Incorporated, Kinden Shoji Company, Limited, KINDENSPINET CORPORATION, FEN Co., Ltd., K2-BatOM Inc.)
Overseas subsidiaries:
Asia (Kinden Vietnam Co., Ltd., Kinden (Thailand) Co., Ltd., P.T. Kinden Indonesia, Kinden Phils Corporation, Antelec Private Ltd., International Electro-Mechanical Services Co. (L.L.C.)) Hawaii (US Kinden Corporation, Wasa Electrical Services, Inc.)
KITA KOUDENSHA Corporation's results have been included from the first quarter of FY2026.
Shirama Greenenergy Co., Ltd.'s and Shiratakiyama Greenenergy Co., Ltd.'s results have been included from the third quarter of FY2026. K2-BatOM Inc.'s results have been included from the fourth quarter of FY2026.
Construction Orders
(Millions of yen)
FY2027
(Forecast)
Comparison to FY2025 | ||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | |
Construction Orders by Customer
The Kansai Electric Power Company, Incorporated*
The Kansai Electric Power Group
82,079
84,416 | 85,054 | 96,705 | 11,650 | 13.7% | 89,000 |
16,226 | 17,534 | 17,706 | 171 | 1.0% | 18,000 |
459,773 | 516,571 | 607,785 | 91,213 | 17.7% | 573,000 |
18,009
Others 458,231
[Public offices (Reissued)] | [16,067] | [12,294] | [24,985] | [16,047] | [(8,937)] | (35.8)% | - | |
Total | 558,320 | 560,416 | 619,160 | 722,197 | 103,036 | 16.6% | 680,000 |
* Includes Kansai Transmission and Distribution, Inc.
Construction Orders by Operation
Power Distribution Lining | 73,485 | 72,957 | 78,384 | 82,172 | 3,788 | 4.8% | 84,000 |
Electrical | 364,940 | 368,922 | 421,762 | 480,193 | 58,431 | 13.9% | 455,000 |
Information & Communications Network | 55,747 | 44,715 | 43,810 | 52,762 | 8,951 | 20.4% | 53,000 |
Environmental Management Facilities | 47,843 | 52,097 | 49,618 | 54,856 | 5,238 | 10.6% | 60,000 |
Electric Power & Others | 16,304 | 21,723 | 25,585 | 52,212 | 26,626 | 104.1% | 28,000 |
Total | 558,320 | 560,416 | 619,160 | 722,197 | 103,036 | 16.6% | 680,000 |
Renewal Construction (Excluding Power Distribution Lining)
Electrical | 146,684 | 153,994 | 188,444 | 229,913 | 41,468 | 22.0% | |
Information & Communications Network | 22,109 | 15,960 | 20,966 | 24,107 | 3,141 | 15.0% | |
Environmental Management Facilities | 9,506 | 10,618 | 9,868 | 10,695 | 826 | 8.4% | |
Electric Power & Others | 8,426 | 11,066 | 6,185 | 13,822 | 7,636 | 123.4% | |
Total | 186,727 | 191,640 | 225,465 | 278,538 | 53,073 | 23.5% | 260,000 |
(Millions of yen) Incorporated*
Others
The Kansai Electric Power Company, The Kansai Electric Power Group
0
FY2027
(Forecast)
200,000
100,000
FY2026
300,000
FY2025
400,000
FY2024
500,000
FY2023
Construction Orders by Customer
700,000
600,000
Electric Power & Others
Communications Management Facilities Network
Environmental
Information &
Electrical
0
Power Distribution Lining
(Millions of yen)
FY2027
(Forecast)
200,000
100,000
FY2025
300,000
FY2026
FY2024
400,000
FY2023
Construction Orders by Operation
600,000
500,000
Construction Orders by Region | (Millions of yen) | |||||||
Comparison to FY2025 | ||||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | FY2027 (Forecast) | ||
Excluding Power Distribution Lining | ||||||||
Hokkaido and Tohoku | 29,728 | 26,790 | 29,572 | 47,861 | 18,289 | 61.8% | ||
Kanto and Tokyo metropolitan area | 145,758 | 142,061 | 161,182 | 176,590 | 15,408 | 9.6% | ||
Chubu | 48,783 | 57,885 | 57,655 | 64,243 | 6,588 | 11.4% | ||
Kinki | 201,868 | 202,635 | 228,556 | 287,155 | 58,599 | 25.6% | ||
Chugoku, Shikoku and Kyushu | 50,838 | 51,491 | 59,173 | 59,082 | (91) | (0.2)% | ||
Overseas | 7,858 | 6,594 | 4,636 | 5,090 | 453 | 9.8% | ||
Power Distribution Lining | 73,485 | 72,957 | 78,384 | 82,172 | 3,788 | 4.8% | ||
Total | 558,320 | 560,416 | 619,160 | 722,197 | 103,036 | 16.6% | 680,000 | |
(Excluding Power Distribution Lining)
(Millions of yen)
Power
Distribution Lining
Overseas
Chugoku,
Shikoku and Kyushu
Kinki
Chubu
Kanto and
Tokyo metropolitan area
Hokkaido and
Tohoku
0
50,000
FY2026
100,000
FY2024
FY2025
150,000
FY2023
200,000
250,000
300,000
Power Distribution Lining (Millions of yen)
Comparison to FY2025
FY2023
FY2024
FY2025
FY2026
Change
% Change
FY2027
(Forecast)
250,000
200,000
150,000
100,000
50,000
0
FY2023 FY2024 FY2025
FY2026
Office buildings Commercial and Healthcare
entertainment facilities
Educational and Residences
cultural facilities
Factories Logistics facilities Others
Interior
constructions
(Millions of yen)
facilities
The Kansai Electric Power Company, Incorporated
69,711 69,787 74,972 79,362 4,389 5.9% 80,000
Other Power Distribution Lining 3,773 3,170 3,411
Total 73,485 72,957 78,384
Note:
2,810
82,172
(601) (17.6)%
3,788 4.8%
4,000
84,000
"Other Power Distribution Lining" includes C.C.Box and Information Box, power distribution-related construction of The Kansai Electric Power
Company, Incorporated, electric water heater installation, NTT telegraph pole installation, and others.
Comparison to FY2025 | ||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | |
Electrical (By Facility) (Millions of yen)
Office buildings 160,064 146,445 154,364
Commercial and entertainment facilities 37,565 36,543 32,069
Healthcare facilities 11,164 23,181 13,351
Educational and cultural facilities 23,385 19,669 31,635
Residences 1,812 2,550 1,696
Factories 81,376 87,008 124,313
Logistics facilities 29,008 26,533 31,259
Others 11,010 17,634 21,988
Interior constructions 9,550 9,355 11,082
227,692
35,119
12,722
24,817
2,382
105,474
44,556
14,659
12,768
73,328 47.5%
3,049 9.5%
(629) (4.7)%
(6,818) (21.6)%
685 40.4%
(18,838) (15.2)%
13,296 42.5%
(7,329) (33.3)%
1,686 15.2%
FY2027
(Forecast)
Total 364,940 368,922 421,762
480,193
58,431 13.9% 455,000
Electrical (By Customer's Industry) (Millions of yen)
Comparison to FY2025
FY2023
FY2024
FY2025
FY2026
Change
% Change
FY2027
(Forecast)
Manufacturing 102,803 113,747 151,038
Transport machines and equipment 16,671 20,608 27,685
138,606
18,663
(12,432) (8.2)%
(9,021) (32.6)%
Electrical/precision machinery and instruments | 23,145 20,577 42,892 26,126 (16,765) (39.1)% | ||||||
Food | 6,271 | 11,571 | 10,491 | 12,052 | 1,560 | 14.9% | |
Chemical | 8,470 | 10,211 | 10,432 | 11,132 | 699 | 6.7% | |
Pharmaceutical | 10,527 | 7,900 | 22,719 | 10,054 | (12,664) | (55.7)% | |
Other manufacturing | 37,715 | 42,878 | 36,817 | 60,576 | 23,759 | 64.5% | |
Service | 57,688 | 58,695 | 62,109 | 76,567 | 14,457 | 23.3% | |
Real estate | 57,833 | 41,696 | 55,923 | 62,350 | 6,427 | 11.5% | |
Transportation and communication | 38,831 | 35,958 | 44,223 | 63,744 | 19,521 | 44.1% | |
Commerce | 18,495 | 15,293 | 14,303 | 29,891 | 15,587 | 109.0% | |
Others | 89,288 | 103,531 | 94,163 | 109,033 | 14,870 | 15.8% | |
Total | 364,940 | 368,922 | 421,762 | 480,193 | 58,431 | 13.9% | 455,000 |
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
FY2023 FY2024 FY2025
FY2026
Manufacturing Service Real estate
(Millions of yen)
Transportation and communication
Commerce
Others
(d) Information & Communications Network | (Millions of yen) | |||||||
Comparison to FY2025 | ||||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | FY2027 (Forecast) | ||
Instrumentation 7,043 | 4,867 | 7,977 | 10,824 | 2,846 | 35.7% | 11,000 | ||
LAN and others 7,777 | 5,954 | 8,508 | 13,379 | 4,870 | 57.2% | 14,000 | ||
Local area network total 14,821 | 10,821 | 16,486 | 24,203 | 7,717 | 46.8% | 25,000 | ||
Business communication networks by The 1,985 | 1,621 | 1,630 | 1,498 | (132) | (8.1)% | 1,500 |
Excluding The Kansai Electric Power |
Kansai Electric Power Company, Incorporated
Company, Incorporated
FTTH and others
Mobile phone and others CATV
Others
Broadband network total
13,969
16,561
3,929
4,480
40,926
13,334
14,485
3,129
1,321
33,893
13,113
8,816
3,026
737
27,324
13,342
8,712
3,477
1,528
28,559
228
(103)
450
790
1,234
1.7%
(1.2)%
14.9%
107.2%
4.5%
13,000
8,500
3,000
2,000
28,000
Total
55,747
44,715
43,810
52,762
8,951
20.4%
53,000
20,000
15,000
10,000
5,000
0
FY2023
FY2024 FY2025 FY2026
Instrumentation
LAN and others Business communication FTTH and others Mobile phone and others networks by The Kansai
Electric Power Company, Incorporated
CATV
Others
(Millions of yen)
(e) Environmental Management Facilities (By Facility) (Millions of yen)
FY2027
(Forecast)
Comparison to FY2025 | ||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | |
Office buildings
Commercial and entertainment facilities Healthcare facilities
Educational and cultural facilities Residences
Factories Logistics facilities Others
Total
6,660
13,971
2,547
8,156
1,987
6,247
7,647
626
47,843
12,552
7,925
2,153
5,577
731
7,885
10,892
4,379
52,097
7,113
7,252
7,295
4,334
92
12,546
9,422
1,560
49,618
7,774
12,933
4,239
6,503
2,762
6,479
13,305
858
54,856
660
5,681
(3,055)
2,168
2,669
(6,067)
3,883
(701)
5,238
9.3%
78.3%
(41.9)%
50.0%
2,878.1%
(48.4)%
41.2%
(45.0)%
10.6%
60,000
20,000
15,000
10,000
5,000
0
Office buildings Commercial and Healthcare facilities Educational and Residences
Factories Logistics facilities
Others
FY2023
FY2024 FY2025
FY2026
(Millions of yen)
entertainment facilities
cultural facilities
(f) Electric Power & Others | (Millions of yen) | |||||||
Comparison to FY2025 | ||||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | FY2027 (Forecast) | ||
Overhead power lining | 5,534 | 7,920 | 3,073 | 10,440 | 7,366 | 239.7% | 3,400 | |
Underground power lining | 2,636 | 3,480 | 2,851 | 3,324 | 472 | 16.6% | 3,500 | |
Power plants and substations* | 7,406 | 9,478 | 17,939 | 37,682 | 19,743 | 110.1% | 20,100 | |
Others | 726 | 844 | 1,720 | 764 | (956) | (55.6)% | 1,000 | |
Total | 16,304 | 21,723 | 25,585 | 52,212 | 26,626 | 104.1% | 28,000 | |
* Includes solar and wind power plants, etc. | ||||||||
The Kansai Electric Power Company, Incorporated* | 9,266 | 12,224 | 6,773 | 15,237 | 8,464 | 125.0% | 8,000 | |
Others | 7,037 | 9,498 | 18,811 | 36,974 | 18,162 | 96.6% | 20,000 | |
* Includes Kansai Transmission and Distribution, Inc. | ||||||||
12,000
10,000
8,000
6,000
4,000
2,000
0
FY2023
FY2024 FY2025 FY2026
40,000
30,000
20,000
10,000
0
FY2023
FY2024 FY2025 FY2026
Overhead power lining
Underground power lining
Others
Power plants and substations (including solar and wind power
(Millions of yen) (Millions of yen) plants, etc.)
Net Sales of Completed Construction Contracts
(Millions of yen)
FY2027
(Forecast)
Comparison to FY2025
FY2023
FY2024
FY2025
FY2026
Change
% Change
The Kansai Electric Power Company,
Incorporated*
The Kansai Electric Power Group Others
[Public offices (Reissued)]
Total
78,492 81,542 85,302 91,662
18,420 16,499 16,117 19,943
427,319 461,912 494,497 500,898
[10,266] [16,073] [15,731] [15,431]
524,233 559,954 595,918 612,505
6,360
3,825
6,400
[(299)]
16,586
7.5%
23.7%
1.3%
(1.9)%
2.8%
92,000
20,000
558,000
-
670,000
Sales of Completed Construction Contracts by Customer
* Includes Kansai Transmission and Distribution, Inc.
Sales of Completed Construction Contracts by Operation
Power Distribution Lining
70,375
73,969
77,150
80,845
3,695
4.8%
84,000
Electrical
329,873
372,944
404,667
405,157
490
0.1%
450,000
Information & Communications Network
53,003
52,032
44,594
49,575
4,981
11.2%
50,000
Environmental Management Facilities
45,344
41,421
49,186
53,298
4,111
8.4%
55,000
Electric Power & Others
25,636
19,586
20,319
23,627
3,308
16.3%
31,000
Total
524,233
559,954
595,918
612,505
16,586
2.8%
670,000
Renewal Construction (Excluding Power Distribution Lining)
Electrical
142,129
150,543
159,413
200,800
41,387
26.0%
Information & Communications Network
19,281
21,909
19,931
22,694
2,762
13.9%
Environmental Management Facilities
7,632
8,383
9,941
10,700
758
7.6%
Electric Power & Others
7,941
7,432
8,026
9,430
1,403
17.5%
Total
176,984
188,268
197,313
243,625
46,312
23.5%
269,000
(Millions of yen) Incorporated*
Others
The Kansai Electric Power Company, The Kansai Electric Power Group
0
FY2027
(Forecast)
100,000
FY2026
200,000
FY2025
300,000
FY2024
400,000
FY2023
Sales of Completed Construction Contracts by Customer
600,000
500,000
Electric Power &
Others
Environmental
Management Facilities
Information &
Communications Network
Electrical
0
Power Distribution Lining
(Millions of yen)
FY2027
(Forecast)
100,000
FY2026
200,000
FY2025
300,000
FY2023
FY2024
Sales of Completed Construction Contracts by Operation
500,000
400,000
Sales of Completed Construction Contracts by Region (Millions of yen)
FY2027
(Forecast)
Comparison to FY2025 | ||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | |
Excluding Power Distribution Lining
Hokkaido and Tohoku | 23,717 | 31,992 | 30,128 | 29,601 | (526) | (1.7)% | |
Kanto and Tokyo metropolitan area | 140,268 | 150,332 | 161,519 | 155,488 | (6,030) | (3.7)% | |
Chubu | 46,303 | 51,339 | 58,089 | 51,942 | (6,146) | (10.6)% | |
Kinki | 188,442 | 198,514 | 207,415 | 232,533 | 25,117 | 12.1% | |
Chugoku, Shikoku and Kyushu | 49,554 | 46,970 | 56,725 | 54,615 | (2,109) | (3.7)% | |
Overseas | 5,572 | 6,834 | 4,890 | 7,477 | 2,587 | 52.9% | |
Power Distribution Lining | 70,375 | 73,969 | 77,150 | 80,845 | 3,695 | 4.8% | |
Total | 524,233 | 559,954 | 595,918 | 612,505 | 16,586 | 2.8% | 670,000 |
Hokkaido and Tohoku
(Excluding Power Distribution Lining)
(Millions of yen)
Power Distribution Lining
Overseas
Chugoku, Shikoku and Kyushu
Kinki
Chubu
Kanto and Tokyo metropolitan area
60,000
40,000
20,000
0
FY2026
80,000
FY2024
FY2025
120,000
100,000
FY2023
240,000
220,000
200,000
180,000
160,000
140,000
Net Sales of Completed Construction Contracts by Operation
Power Distribution Lining (Millions of yen)
Comparison to FY2025
FY2023
FY2024
FY2025
FY2026
Change
% Change
FY2027
(Forecast)
The Kansai Electric Power Company, Incorporated
67,949 70,208 72,914 78,088 5,174 7.1% 80,000
Other Power Distribution Lining 2,425 3,761 4,235
Total 70,375 73,969 77,150
Note:
2,756
80,845
(1,478) (34.9)%
3,695 4.8%
4,000
84,000
"Other Power Distribution Lining" includes C.C.Box and Information Box, power distribution-related construction of The Kansai Electric Power
Company, Incorporated, electric water heater installation, NTT telegraph pole installation, and others.
Comparison to FY2025 | ||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | |
Electrical (By Facility) (Millions of yen)
Office buildings 118,286 166,478 168,628
Commercial and entertainment facilities 40,964 34,515 38,966
Healthcare facilities 14,634 15,466 15,661
Educational and cultural facilities 19,303 22,858 25,095
Residences 1,833 2,347 2,101
Factories 73,324 82,250 94,524
Logistics facilities 36,930 27,519 29,736
Others 14,652 11,622 19,838
Interior constructions 9,944 9,886 10,114
170,286
28,535
15,432
25,905
1,830
103,447
34,850
13,464
11,404
1,657 1.0%
(10,430) (26.8)%
(228) (1.5)%
810 3.2%
(270) (12.9)%
8,922 9.4%
5,114 17.2%
(6,374) (32.1)%
1,289 12.8%
FY2027
(Forecast)
Total 329,873 372,944 404,667
405,157
490 0.1% 450,000
Electrical (By Customer's Industry) (Millions of yen)
Comparison to FY2025
FY2023
FY2024
FY2025
FY2026
Change
% Change
FY2027
(Forecast)
Manufacturing 91,283 105,655 120,168
Transport machines and equipment 13,320 17,564 26,646
132,257
22,122
12,089 10.1%
(4,523) (17.0)%
Electrical/precision machinery and instruments | 19,413 23,116 21,276 31,728 10,451 49.1% | ||||||
Food | 8,424 | 7,029 | 8,601 | 12,785 | 4,184 | 48.6% | |
Chemical | 8,428 | 9,509 | 11,241 | 12,052 | 810 | 7.2% | |
Pharmaceutical | 8,692 | 9,561 | 10,702 | 15,728 | 5,025 | 47.0% | |
Other manufacturing | 33,004 | 38,874 | 41,700 | 37,840 | (3,859) | (9.3)% | |
Service | 46,330 | 60,223 | 56,054 | 63,392 | 7,338 | 13.1% | |
Real estate | 52,972 | 56,310 | 43,115 | 53,395 | 10,280 | 23.8% | |
Transportation and communication | 32,674 | 38,824 | 56,360 | 45,446 | (10,914) | (19.4)% | |
Commerce | 16,129 | 16,199 | 19,994 | 17,461 | (2,533) | (12.7)% | |
Others | 90,482 | 95,732 | 108,973 | 93,203 | (15,769) | (14.5)% | |
Total | 329,873 | 372,944 | 404,667 | 405,157 | 490 | 0.1% | 450,000 |
180,000
160,000
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
FY2023 FY2024 FY2025
FY2026
Office buildings Commercial and Healthcare
entertainment facilities
Educational and Residences
cultural facilities
Factories Logistics facilities Others
Interior
constructions
(Millions of yen) facilities
140,000
120,000
100,000
80,000
60,000
40,000
20,000
0
FY2023 FY2024 FY2025
FY2026
Manufacturing Service Real estate
(Millions of yen)
Transportation and communication
Commerce
Others
(d) Information & Communications Network | (Millions of yen) | |||||||
Comparison to FY2025 | ||||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | FY2027 (Forecast) | ||
Instrumentation 4,116 | 5,426 | 6,380 | 9,016 | 2,635 | 41.3% | 11,000 | ||
LAN and others 5,901 | 8,377 | 6,711 | 11,795 | 5,084 | 75.8% | 11,000 | ||
Local area network total 10,017 | 13,804 | 13,092 | 20,812 | 7,719 | 59.0% | 22,000 | ||
Business communication networks by The 1,931 | 1,612 | 1,656 | 1,473 | (182) | (11.0)% | 1,500 |
Excluding The Kansai Electric Power |
Kansai Electric Power Company, Incorporated
Company, Incorporated
FTTH and others
Mobile phone and others CATV
Others
Broadband network total
14,036
17,405
7,942
1,671
42,986
13,318
14,926
6,749
1,620
38,227
13,206
10,415
3,729
2,495
31,502
13,385
8,518
3,164
2,220
28,763
178
(1,896)
(564)
(275)
(2,738)
1.4%
(18.2)%
(15.1)%
(11.0)%
(8.7)%
13,300
7,500
2,900
2,800
28,000
Total
53,003
52,032
44,594
49,575
4,981
11.2%
50,000
20,000
15,000
10,000
5,000
0
FY2023
FY2024 FY2025 FY2026
Instrumentation
LAN and others Business communication FTTH and others Mobile phone and others networks by The Kansai
Electric Power Company, Incorporated
CATV
Others
(Millions of yen)
(e) Environmental Management Facilities (By Facility) (Millions of yen)
FY2027
(Forecast)
Comparison to FY2025 | ||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | |
Office buildings | 5,907 | 5,056 | 7,973 | 10,870 | 2,897 | 36.3% | |
Commercial and entertainment facilities | 14,583 | 10,811 | 10,745 | 8,773 | (1,972) | (18.4)% | |
Healthcare facilities | 2,246 | 2,166 | 3,220 | 6,658 | 3,438 | 106.8% | |
Educational and cultural facilities | 5,668 | 6,320 | 4,662 | 3,982 | (679) | (14.6)% | |
Residences | 792 | 1,787 | 463 | 800 | 337 | 72.7% | |
Factories | 6,781 | 4,799 | 9,690 | 10,394 | 703 | 7.3% | |
Logistics facilities | 9,184 | 9,682 | 9,444 | 9,070 | (373) | (4.0)% | |
Others | 179 | 798 | 2,985 | 2,747 | (238) | (8.0)% | |
Total | 45,344 | 41,421 | 49,186 | 53,298 | 4,111 | 8.4% | 55,000 |
2,000
cultural facilities
entertainment facilities
(Millions of yen)
FY2023
FY2024
FY2025 FY2026
Others
Factories Logistics facilities
Office buildings Commercial and Healthcare facilities Educational and Residences
0
4,000
6,000
8,000
10,000
12,000
14,000
16,000
(f) Electric Power & Others | (Millions of yen) | |||||||
Comparison to FY2025 | ||||||||
FY2023 | FY2024 | FY2025 | FY2026 | Change | % Change | FY2027 (Forecast) | ||
Overhead power lining | 4,367 | 4,662 | 5,127 | 6,059 | 932 | 18.2% | 6,000 | |
Underground power lining | 2,459 | 3,089 | 3,254 | 3,918 | 664 | 20.4% | 3,000 | |
Power plants and substations* | 17,709 | 10,860 | 10,216 | 13,122 | 2,906 | 28.4% | 21,000 | |
Others | 1,100 | 974 | 1,721 | 526 | (1,194) | (69.4)% | 1,000 | |
Total | 25,636 | 19,586 | 20,319 | 23,627 | 3,308 | 16.3% | 31,000 | |
* Includes solar and wind power plants, etc. | ||||||||
The Kansai Electric Power Company, Incorporated* | 7,780 | 8,553 | 9,214 | 10,970 | 1,755 | 19.1% | 10,500 | |
Others | 17,855 | 11,032 | 11,104 | 12,656 | 1,552 | 14.0% | 20,500 | |
* Includes Kansai Transmission and Distribution, Inc. | ||||||||
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
FY2023
FY2024 FY2025 FY2026
20,000
15,000
10,000
5,000
0
FY2023
FY2024 FY2025 FY2026
Overhead power lining
Underground power lining
Others
Power plants and substations (including solar and wind power
(Millions of yen) (Millions of yen) plants, etc.)
Contract Backlog by Operation at the End of Period
(Millions of yen)
vs. As of Mar. 31, 2025
As of Mar. 31,
2023
As of Mar. 31,
2024
As of Mar. 31,
2025
As of Mar. 31,
2026
Change
% Change
As of Mar. 31, 2027
(Forecast)
By Operation
Power Distribution Lining
14,301
13,289
14,523
15,850
1,327
9.1%
15,850
Electrical
339,134
335,112
352,206
427,242
75,035
21.3%
432,250
Information & Communications Network
23,924
16,607
15,823
19,010
3,186
20.1%
22,010
Environmental Management Facilities
39,513
50,189
50,621
52,179
1,558
3.1%
57,170
Electric Power & Others
31,526
33,664
38,929
67,514
28,584
73.4%
64,510
Total
448,400
448,862
472,105
581,797
109,692
23.2%
591,790
As of As of As of Mar. 31, 2025 Mar. 31, 2026 Mar. 31, 2027
(Forecast)
As of Mar. 31, 2024
As of Mar. 31, 2023
(Millions of yen)
0
100,000
200,000
Environmental Management Facilities
Electric Power & Others
300,000
Electrical
Information & Communications Network
400,000
Power Distribution Lining
500,000
600,000
700,000
Renewable Energy-related Construction
(Billions of yen)
Com
parison
to
FY2025
FY2024
FY2025
FY2026
Change
% Change
Construction orders
Net sales of completed construction contracts Contract backlog at the end of period
10.0
8.3
17.6
12.4
9.5
20.5
18.0
10.8
27.7
5.6
1.3
7.1
45.4%
14.0%
35.1%
(Reissued) Wind Power Plant Construction
Comparison to FY2025
FY2024
FY2025
FY2026
Change
% Change
Construction orders 4.7 10.3 16.1
5.8
56.9%
Net sales of completed construction contracts 3.7 5.3 9.1
3.7
70.8%
Contract backlog at the end of period 14.0 19.0 26.0
7.0
37.0%
* Renewable energy-related construction work: Wind, solar, biomass, and geothermal power plant construction
Selling, General and Administrative Expenses
(Millions of yen)
Comparison to FY2025
FY2023
FY2024
FY2025
FY2026
Change % Change
30,725
8,499
11,150
50,375
32,032
8,768
12,338
53,139
35,528
9,357
14,101
58,987
41,629
10,654
16,945
69,230
6,101
1,297
2,844
10,243
17.2%
13.9%
20.2%
17.4%
43,300
13,000
17,200
73,500
FY2027
(Forecast)
Personnel expenses Fixed assets expenses Other expenses
Total
R&D expenses (Reissued)
670 649
705 768 63 9.0% 923
80,000
70,000
60,000
50,000
40,000
30,000
Personnel expenses
Fixed assets expenses Other expenses
20,000
10,000
0
FY2023
FY2024
FY2025
FY2026
FY2027 (Forecast)
(Millions of yen)
Number of Employees
vs. As of Mar. 31, 2025
As of
Mar. 31,
2023
As of
Mar. 31,
2024
As of
Mar. 31,
2025
As of
Mar. 31,
2026
Change % Change
As of Mar. 31, 2027
(Forecast)
Non-Consolidated
8,328 8,493 8,630 8,854 224
2.6% 9,079
Shareholders
Number of Shareholders by Type
As of Mar. 31, 2024
As of Mar. 31, 2025
As of Mar. 31, 2026
Shareholders
Number of shareholders
Shareholding
ratio
Number of shareholders
Shareholding
ratio
Number of shareholders
Shareholding
ratio
7,654
93.8%
16.59%
7,668
94.0%
16.31%
9,724
94.1%
16.21%
205
2.5%
55.12%
201
2.4%
57.66%
235
2.3%
58.19%
300
3.7%
28.29%
292
3.6%
26.03%
377
3.6%
25.60%
8,159
100.0%
100.00%
8,161
100.0%
100.00%
10,336
100.0%
100.00%
Individuals/ Others
Corporations
Overseas corporations, etc.
Total
Corporations
58.19%
Corporations
57.66%
Corporations
55.12%
Individuals/
Overseas Others corporations, etc. 16.21%
25.60%
Individuals/
Overseas Others corporations, etc. 16.31%
26.03%
Individuals/
Others 16.59%
Overseas
corporations, etc.
28.29%
As of Mar. 31, 2026
As of Mar. 31, 2025
Shareholding ratio
As of Mar. 31, 2024
Note: Treasury stock is included in "Individuals/Others". (Shareholding ratio of treasury stock at the end of Mar. 31, 2026: 0.98%)
The Kansai Electric
1 Power Company,
29.26%
The Kansai Electric
Power Company,
29.64%
The Kansai Electric
Power Company,
29.75%
Incorprated
Incorprated
Incorprated
The Master Trust Bank
The Master Trust Bank
The Master Trust Bank
2 of Japan, Ltd.
9.26%
of Japan, Ltd.
11.20%
of Japan, Ltd.
10.86%
(Account in Trust)
(Account in Trust)
(Account in Trust)
3 Kanden Realty &
7.21%
Kanden Realty &
7.30%
Kanden Realty &
7.33%
Development Co., Ltd.
Development Co., Ltd.
Development Co., Ltd.
4 Employee Stock
4.61%
Employee Stock
4.55%
Employee Stock
4.68%
Ownership Plan
Ownership Plan
Ownership Plan
NORTHERN TRUST CO. (AVFC) RE
Custody Bank of Japan,
Custody Bank of Japan,
5 SILCHESTER INTERNATIONAL
3.76%
Ltd.
3.41%
Ltd.
3.15%
VALUE EQUITY TRUST
(Account in Trust)
(Account in Trust)
Custody Bank of Japan,
STATE STREET
STATE STREET
6 Ltd.
3.07%
BANK AND TRUST
2.38%
BANK AND TRUST
1.83%
(Account in Trust)
COMPANY 505001
COMPANY 505001
NORTHERN TRUST CO.
7 (AVFC) RE U.S.TAX
1.70%
JP MORGAN CHASE BANK 380055
1.36%
BBH(LUX) FOR FIDELITY FUNDS - JAPAN
1.51%
Major Shareholders (Top10)
As of Mar. 31, 2024
As of Mar. 31, 2025
As of Mar. 31, 2026
Rank
Shareholders
Shareholding
ratio
Shareholders
Shareholding
ratio
Shareholders
Shareholding
ratio
ADVANTAGE POOL
J.P. MORGAN
1.15%
BANK LUXEMBOURG
1.07%
INVESTORS INTERNATIONAL
EXEMPTED PENSION FUNDS
STATE STREET
8 BANK AND TRUST
1.47%
GOVERNMENT OF
COMPANY 505001
NORWAY
S.A. 384513
9
NORTHERN TRUST CO. (AVFC) RE NON TREATY
1.44%
STATE STREET BANK AND TRUST
1.08%
STATE STREET BANK AND TRUST
0.94%
CLIENTS ACCOUNT
COMPANY 505103
COMPANY 505103
JP MORGAN
10 CHASE BANK 380055
1.30%
J.P. MORGAN BANK LUXEMBOURG
S.A. 384513
1.06%
RBC IST 15 PCT LENDING ACCOUNT -CLIENT ACCOUNT
0.86%
Note: "Shareholding ratio" represents the ratio to the total number of shares issued (excluding treasury stock).
Treasury stock is excluded from the above list of major shareholders.
Shareholder Returns
Dividends and share buybacks will be paid in accordance with the policy outlined in the "Capital Policy in the Medium-term Management Plan" announced on January 31, 2025.
Dividends
Profit per share (consolidated) Cash dividends per share
Payout ratio (consolidated)59.0%
37.1%
38.1%
38.1%
240
130
63
40
37
140.15
128.65
165.34
90
236.26
28.5%
28.8%
350.53
406.46
500.00 60.0%
400.00
300.00
200.00
100.00
50.0%
40.0%
30.0%
20.0%
10.0%
0.00
(Yen)
Notes:
FY2022 FY2023 FY2024 FY2025 FY2026 FY2027
(Forecast)
0.0%
The cash dividends per share for the fiscal year ending March 31, 2027 include a special dividend in connection with achieving the medium-term management plan and growth targets of ¥100.
The profit per share (consolidated) in the earnings forecasts takes into account the impact of the acquisition of treasury shares which was resolved at the meeting of the Board of Directors held today.
Acquisition of Treasury Shares
① Repurchase of treasury shares whose term has expired Period: February 3, 2025 to December 23, 2025
Cumulative total of treasury shares repurchased: 9,999 million yen (2,310,300 shares)
② Tender Offer for Treasury Shares Period: April 28, 2026 to June 1, 2026
Total number of shares to be acquired:33,500,000 shares
(16.92% of total number of issued shares)
Tender Offer Price:Discounted price of 11% of the simple average of the closing prices of the common shares of the Company during the last three months on or before April 24, 2026, the business day immediately before April 27, 2026
Total Amount of the Acquisition Price:223,679,500,000 yen
(7,502 yen × discount rate at 11% × 33,500,000 shares)
ROE
Consolidated
Non-Consolidated
14.0%
12.0%
10.0%
8.0%
6.0%
4.0%
2.0%
FY2022 FY2023 FY2024 FY2025 FY2026 FY2027
(Forecast)
Consolidated Non-Consolidated
5.3% 5.5% 6.1% 8.1% 11.0% 12.3%
5.6% 5.8% 5.9% 8.0% 11.4% 13.6%
Disclaimer
This report is intended to provide information about the business performance of KINDEN CORPORATION and its subsidiaries and affiliates. It is not intended and should not be construed as an inducement to purchase or sell stock in the Company or its group companies. Statements in this document that are not recitations of historical or current fact are forward-looking statements based on current beliefs, estimates and expectations of management. Many factors that the Company is unable to predict with accuracy could cause the Company's actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made, and shall in no event be liable for any damages arising out of the use or interpretation of this material.