- Denso has increased its full-year net sales forecast to 7.09 trillion yen, up from its previous forecast of 7.02 trillion yen, but below the estimate of 7.16 trillion yen.
- The company maintains its forecast for operating income at 550 billion yen, falling short of the estimated 582.72 billion yen.
- Denso expects net income to remain at 437 billion yen, which is below the anticipated 455.96 billion yen.
- The company projects a dividend of 64 yen per share, slightly under the 64.13 yen estimate.
- For the nine months ending, Denso reported net sales of 5.29 trillion yen, which is a 1.2% decrease year-over-year.
- Operating income for the nine-month period stands at 401.56 billion yen, representing a significant year-over-year increase of 68%.
- In the third quarter, operating income reached 150.33 billion yen, a notable rise from 26.76 billion yen year-over-year, though slightly below the estimated 155.16 billion yen.
- Third quarter net income was 121.91 billion yen compared to 6.70 billion yen year-over-year, matching the estimate of 121.84 billion yen.
- Net sales for the third quarter were 1.81 trillion yen, a decline of 1.5% year-over-year, yet slightly above the estimate of 1.8 trillion yen.
- Market sentiment towards Denso appears positive, with 18 buy recommendations, 4 holds, and no sell recommendations.
“`
Denso Corp on Smartkarma
Analysts on Smartkarma have recently provided insights on Denso Corp, a key player in the global auto market. David Blennerhassett examines whether Denso Corp (6902 JP) can keep pace with the industry’s demands amidst concerns surrounding Toyota’s potential challenges. Meanwhile, Travis Lundy delves into the intricate dynamics of the Toyota Group’s restructuring, highlighting significant buyback announcements and cross-holding unwinds within the group. Denso’s strategic moves, including lower guidance and aggressive buybacks, are seen as impactful responses to the unfolding changes within the Toyota Group ecosystem.
David Blennerhassett‘s analysis, titled “Last Week in Event SPACE”, and Travis Lundy‘s report on the “Toyota Group Musical Shares” offer valuable perspectives on Denso Corp‘s position within the industry. These reports on Smartkarma shed light on the strategic decisions and market trends that could influence Denso’s performance in the near future, providing investors with essential insights to navigate the evolving landscape of the auto industry.
A look at Denso Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
Denso Corp, a major player in the automotive industry, showcases a steady long-term outlook based on the Smartkarma Smart Scores. With a solid score of 4 for Dividend, investors can look forward to consistent dividend payouts from the company. Furthermore, the scores of 3 across Value, Growth, Resilience, and Momentum factors indicate a balanced performance in these areas, portraying Denso Corp as a reliable investment option for the future.
As a leading manufacturer of electronic parts for automobiles, Denso Corp is positioned well in the market. Its diverse product range, including automobile air conditioners, air bags, ignition systems, generators, power steering systems, and spark plugs, illustrates the company’s expertise in catering to the automotive sector’s technological needs. Additionally, Denso Corp‘s production of communication equipment for mobile navigation systems highlights its adaptability to evolving industry trends, showcasing a promising outlook in the long term.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
