- Mitsubishi Corp‘s third-quarter net income was 209.35 billion yen.
- The net income showed a 69% decrease compared to the previous year.
- Analysts had estimated net income at 158.51 billion yen, which Mitsubishi surpassed.
- Net sales for the third quarter were 4.59 trillion yen.
- Net sales declined by 11% year-over-year.
- Sales figures fell short of the estimated 5.04 trillion yen.
- The company maintains its full-year net income forecast at 950.00 billion yen.
- This forecast is slightly below the analyst estimate of 968.29 billion yen.
- Mitsubishi also holds its dividend forecast steady at 100.00 yen.
- Analysts had estimated the dividend at 102.07 yen.
- There are currently 6 buy ratings and 9 hold ratings for Mitsubishi’s stock, with no sell ratings.
A look at Mitsubishi Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
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
Analysts at Smartkarma have given Mitsubishi Corp a mixed outlook based on their Smart Scores assessment. The company has received high scores in Value and Dividend, indicating strong fundamentals and returns for investors. Additionally, Growth has been rated positively, suggesting a promising future for expansion and development. However, the scores for Resilience and Momentum are lower, highlighting some challenges the company may face in terms of stability and market momentum.
Mitsubishi Corporation, a well-known general trading company, operates in various sectors including New Business Initiatives, IT & Electronics, Fuels, Metals, Machinery, Chemicals, Living Essentials, and Professional Services. The company also diversifies into satellite communications through a joint venture, showcasing its commitment to exploring new opportunities and technologies in the market.
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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