31 Oct 2025 | 5 Mins Read
Japan's Kansai Electric shares surge on higher profit
Flipitmoney
Kansai Electric Power Co lifted its annual profit forecast by 22% to 360 billion yen ($2.4 billion) due to higher electricity demand and strong earnings from its fuel trading unit. Shares rose 5% in Tokyo, outperforming the Nikkei, after it also increased its dividend forecast to 75 yen per share and set a consolidated payout ratio target of 25-35%.