- Itochu’s operating income for the third quarter was 171.01 billion yen, which is a 9.1% decrease compared to last year.
- The operating income figure fell short of the estimated 226.89 billion yen.
- Net income rose by 20% year-over-year to 238.03 billion yen, surpassing the estimate of 228.66 billion yen.
- Net sales reached 3.75 trillion yen, marking a 1.9% increase from the previous year, though it was below the expected 3.87 trillion yen.
- The company maintains its forecast for net income at 880.00 billion yen, which is slightly below the estimate of 895.53 billion yen.
- Itochu still projects a dividend of 200.00 yen, consistent with the estimate.
- Analyst ratings include 10 buy recommendations, 4 holds, and no sells.
“`
Itochu Corp on Smartkarma
Analyst coverage of Itochu Corp on Smartkarma reveals interesting developments in the company’s consumer-facing business. Michael Causton‘s bullish insight on “Mash Buys into LeSportsac with Itochu” highlights Itochu’s expansion strategies. The company has recently acquired fashion and sports brands like LeSportsac, partnering with Mash Holdings for future growth and a potential IPO. This move signifies Itochu’s focus on enhancing its presence in the consumer sector and building strategic partnerships for long-term success.
A look at Itochu Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| 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
Based on Smartkarma Smart Scores, Itochu Corp shows a promising long-term outlook. With a strong growth score of 4, the company is positioned well for expansion and development in the future. Additionally, its value and dividend scores of 3 each indicate stability and potential for returns for investors. While resilience with a score of 2 may pose some challenges, the overall momentum score of 3 suggests a positive trend in the company’s performance.
ITOCHU Corporation, a global trading firm dealing with a wide range of products from textiles to energy, showcases a diversified business model encompassing industries like satellite communication and data communication. With balanced scores across key factors, Itochu Corp appears to have a solid foundation for continued growth and stability in the long run.
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
