- Mitsubishi Electric‘s fiscal year dividend forecast is 55.00 yen, exceeding estimates of 54.21 yen.
- Expected operating income remains at 430.00 billion yen, slightly above the estimate of 426.65 billion yen.
- Net income is projected at 340.00 billion yen, which is slightly below the estimate of 341.12 billion yen.
- The company anticipates net sales of 5.40 trillion yen, underperforming the estimate of 5.53 trillion yen.
- First Quarter Results:
- Operating income for the first quarter reached 111.97 billion yen, surpassing the estimate of 82.27 billion yen.
- The infrastructure segment’s operating profit was 18.09 billion yen, beating the estimate of 11.68 billion yen.
- The industry and mobility segment reported an operating profit of 25.91 billion yen, exceeding the estimate of 17.05 billion yen.
- Other business units generated an operating profit of 19.96 billion yen, outperforming the estimate of 9.5 billion yen.
- Net income for the quarter was 90.93 billion yen, higher than the estimate of 65.93 billion yen.
- Net sales for the quarter were 1.31 trillion yen.
- The life segment recorded an operating profit of 46.57 billion yen.
- Market analysis shows 14 buy, 4 hold, and 2 sell recommendations for the company.
A look at Mitsubishi Electric Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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
Based on the Smartkarma Smart Scores, Mitsubishi Electric shows a promising long-term outlook. With a high Momentum score of 5, the company indicates strong performance trends. Coupled with a Growth score of 4, which suggests potential for expansion, Mitsubishi Electric appears poised for future development. Additionally, its Value and Resilience scores of 3 signify stable financial standing and robustness in the face of challenges. However, the Dividend score of 2 suggests that the company may not be prioritizing distributing profits to shareholders in the near future.
Mitsubishi Electric Corporation, known for developing, manufacturing, and marketing electronic equipment, represents a diverse range of products including industrial machinery, heavy electric machinery, data communications systems, electronic devices, and consumer electronics. With its favorable Smart Scores in key areas such as Momentum and Growth, Mitsubishi Electric demonstrates promising prospects for sustained growth and market performance in the coming years.
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
