- Asahi Kasei has increased its forecast for the fiscal year’s operating income to 200.00 billion yen, up from the previous forecast of 195.00 billion yen. The market estimate was 198.63 billion yen.
- The company projects net sales of 3.04 trillion yen, compared to the previous figure of 3.07 trillion yen and the market estimate of 3.03 trillion yen.
- Net income is expected to remain at 110.00 billion yen, slightly below the market estimate of 114 billion yen.
- The dividend remains unchanged at 36.00 yen, matching market estimates.
- In the third quarter, operating income was reported at 55.47 billion yen, marking a 30% year-over-year increase and exceeding the estimate of 48.58 billion yen.
- Third-quarter net income reached 38.23 billion yen, a 38% increase year-over-year, surpassing the estimate of 33.43 billion yen.
- Net sales for the third quarter were 768.92 billion yen, up 7.1% year-over-year, beating the estimated 765.84 billion yen.
- Shares rose by 4.3% to 1,070 yen, with a trading volume of 2.3 million shares.
- The company has 8 analyst ratings as “buy,” 5 as “hold,” and no “sell” ratings.
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A look at Asahi Kasei Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Asahi Kasei Corporation, a diversified company that produces synthetic fibers, industrial chemicals, plastics, and more, has received positive Smart Scores across various factors. With strong scores of 4 in both the Value and Dividend categories, Asahi Kasei is viewed favorably in terms of its financial health and ability to provide returns to investors.
However, the company’s Growth and Resilience scores of 2 indicate that there may be areas for improvement in terms of its potential for expansion and ability to weather economic uncertainties. The Momentum score of 3 suggests moderate market momentum for Asahi Kasei, positioning it for potential growth in the future. Overall, the company’s solid Value and Dividend scores bode well for its long-term outlook, with opportunities to enhance growth and resilience in the coming years.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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