- IHI has increased its forecast for fiscal year net income to 90.00 billion yen, compared to the previous forecast of 85.00 billion yen. This is below the market estimate of 94.06 billion yen.
- The company maintains its outlook for operating income at 145.00 billion yen, lower than the market estimate of 148.11 billion yen.
- Net sales are still projected to be 1.60 trillion yen, slightly under the market estimate of 1.62 trillion yen.
- IHI’s forecasted dividend remains at 120.00 yen, which is below the estimate of 128.00 yen.
- In the third quarter, IHI’s operating income was reported at 26.20 billion yen, reflecting a 51% decrease year-over-year and falling short of the 40.58 billion yen estimate.
- Net income for the third quarter was 37.48 billion yen, showing a 34% increase year-over-year and surpassing the estimate of 28.64 billion yen.
- The third quarter net sales were 392.50 billion yen, a slight year-over-year decline of 1%, missing the estimate of 408.91 billion yen.
- IHI shares fell by 2.8%, closing at 9,439 yen with 9.74 million shares traded.
- The stock had 8 buy ratings, 5 hold ratings, and no sell ratings.
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IHI Corp on Smartkarma
Analysts on Smartkarma, like Scott Foster, are showing positive sentiment towards IHI Corp. Foster’s research report, titled “IHI (7013 JP): Buy Back in for Post-Crash Recovery,” highlights the company’s strong performance and future potential. With IHI hitting the ¥6,000 price target in July and showing consistent growth, there is a predicted 21% potential upside. Despite some challenges in new orders received, particularly outside the Aerospace & Defense sector, overall results support management’s guidance and point towards further growth.
A look at IHI Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| 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
Based on the Smartkarma Smart Scores, IHI Corp‘s long-term outlook appears promising. With high scores in Growth and Momentum, the company is positioned for potential expansion and positive market performance. This signifies strong prospects for future development and a positive trajectory in terms of market momentum and growth potential. Additionally, the company’s focus on innovation and strategic investments may contribute to its sustained growth over time.
IHI Corp is a company that manufactures heavy machinery, including aircraft jet engines, rocket propulsion systems, and ships for military and commercial purposes. The company also engages in the construction of petroleum refineries and nuclear power plants. With a solid foundation in manufacturing critical industrial components, IHI Corp‘s emphasis on growth and momentum highlights a positive outlook for its future prospects within the heavy machinery sector.
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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