An announcement from Kyudenko Corporation ( (JP:1959) ) is now available.
Kyudenko Corporation has announced its relationship with its controlling shareholder, Kyushu Electric Power Co., Inc., which holds a 22.75% voting rights stake. Despite this significant shareholding, Kyudenko maintains operational independence due to its distinct business focus on facilities construction. The company is involved in construction work for the Kyushu Electric Power Group, accounting for 12.5% of its annual projects, and has personnel exchanges with the group. These relationships are structured to ensure market-based pricing and operational autonomy, which supports Kyudenko’s strategic positioning in the market.
More about Kyudenko Corporation
Kyudenko Corporation operates in the construction industry, focusing on power transmission equipment and facilities. It is an equity-method affiliate of the Kyushu Electric Power Group, with a significant portion of its work contracted from this group.
YTD Price Performance: -0.78%
Average Trading Volume: 257,965
Technical Sentiment Signal: Sell
Current Market Cap: Yen358.1B
For an in-depth examination of 1959 stock, go to TipRanks’ Stock Analysis page.