Japan’s Kansai Electric shares rise 5% after forecasting higher profit, dividend
Shares of Japan’s Kansai Electric Power Co were up 5% in Tokyo on Friday, outperforming the wider market, after the country’s biggest nuclear power utility lifted its profit forecast and promised generous shareholder returns. Kansai, in which U.S. activist investor Elliott became a large minority shareholder last month, lifted its annual profit forecast by 22%…