First Look - Kandenko (1942 JP) (Neutral) - Guidance revisions, transmission line fire
Kandenko announced upward revisions to its profit projections for 17/3 H1 and the full year after the close of markets on 13 October. We attribute this to an improvement in margins on electrical engineering work and solid orders for power line engineering. As was the case with the upward revisions announced alongside Q1 results, these revisions are less than the 30% threshold for mandatory revision disclosures. The company also hiked its full-year DPS forecast from ¥16 to ¥18.