- Itochu’s net income forecast for the fiscal year aligns closely with expectations at 900.00 billion yen, just slightly above the 898.38 billion yen estimate.
- The company’s projected dividend is 200.00 yen, which is lower than the estimated 208.91 yen.
- In the fourth quarter, Itochu’s operating income decreased by 11% year-over-year to 146.16 billion yen, missing the 219.18 billion yen estimate.
- Fourth-quarter net income increased by 7.2% year-over-year to 203.78 billion yen but fell short of the 215.37 billion yen estimate.
- Net sales for the fourth quarter increased by 3% year-over-year, reaching 3.68 trillion yen, below the 3.85 trillion yen estimate.
- Annual operating income saw a slight decline of 2.7% year-over-year to 683.92 billion yen, compared to the 732.92 billion yen estimate.
- Annual net income rose by 9.8% year-over-year to 880.25 billion yen, nearly meeting the estimated 885.36 billion yen.
- Annual net sales increased by 4.9% year-over-year, totaling 14.72 trillion yen, surpassing the estimated 14.5 trillion yen.
- The market sentiment on Itochu is positive, with 10 buy ratings, 4 hold ratings, and no sell ratings.
Itochu Corp on Smartkarma
On Smartkarma, independent analyst Michael Causton provides valuable insights into Itochu Corp, a key player in Japan’s fashion and consumer brands sector. In his report titled “Itochu the Fashion Giant Doubles Down on Brand Business,” Causton highlights Itochu’s strategic focus on the fashion sector through Itochu Textile, with expectations of doubling net profit soon. Warren Buffett’s increased investment in Japan’s trading companies underscores the potential in Itochu’s dominance of the fashion landscape.
In another optimistic analysis by Causton titled “Mash Buys into LeSportsac with Itochu,” Itochu’s expansion into consumer-facing businesses is evident through acquisitions of fashion and sports brands like LeSportsac. Partnering with Mash Holdings for future growth and a potential IPO, Itochu demonstrates a proactive approach to enhancing its portfolio and market presence. The collaboration with Mash Holdings underscores Itochu’s strategic vision towards diversified growth and market leadership.
A look at Itochu Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| 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
ITOUCHU Corporation, a globally operating general trading firm, maintains a stable long-term outlook according to Smartkarma Smart Scores. With consistent scores of 3 across various factors including Value, Dividend, Growth, Resilience, and Momentum, ITOUCHU demonstrates a well-rounded performance across key areas. The company’s diversified portfolio spanning textiles, machinery, metals, food, chemicals, and energy products positions it well for sustainable growth and resilience in the face of market dynamics.
In addition to its core operations in various commodities and energy-related products, ITOUCHU is actively engaged in satellite communication and data communication businesses, further enhancing its market presence and potential for future growth. The balanced scores across different metrics suggest a steady and reliable performance from ITOUCHU Corp, indicating a promising outlook for long-term investors seeking a stable investment option.
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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