- Mitsui Fudosan raised its full-year operating income forecast to 360 billion yen, up from a previous forecast of 340 billion yen, beating the market estimate of 351.98 billion yen.
- The company anticipates a net income of 240 billion yen, slightly above the prior forecast of 235 billion yen, but a bit below the market estimate of 241.69 billion yen.
- Net sales for the fiscal year are projected to remain unchanged at 2.60 trillion yen, aligning with market expectations.
- The dividend per share is maintained at 30 yen, marginally lower than the market’s estimate of 30.20 yen.
- In the third quarter, Mitsui Fudosan‘s operating income was reported at 51.13 billion yen, which is a 22% decrease year-over-year and below the estimate of 68.88 billion yen.
- Net income for the third quarter surged 50% year-over-year, reaching 55.70 billion yen, surpassing the estimate of 46.45 billion yen.
- Third-quarter net sales were down by 3.6% year-over-year, recorded at 514.36 billion yen, which fell short of the estimated 553.79 billion yen.
- Market sentiment reflects strong support, with 14 analysts recommending a buy, 1 suggesting a hold, and none advising a sell.
A look at Mitsui Fudosan Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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 the Smartkarma Smart Scores, Mitsui Fudosan shows a balanced outlook for the long term. With a Value, Dividend, and Growth score of 3 each, the company demonstrates solid fundamentals in terms of these key factors. Additionally, scoring a 4 in Momentum indicates strong market momentum for Mitsui Fudosan. However, the company’s Resilience score of 2 suggests a slightly lower level of resilience compared to the other factors. Overall, Mitsui Fudosan‘s diversified business model spanning real estate services, building materials manufacturing, commercial facilities operation, and financial services positions it well for potential growth opportunities.
Mitsui Fudosan Co., Ltd. is a comprehensive real estate company offering a wide range of services including leasing, construction, sales, and maintenance of office buildings and residential houses. The company also engages in the manufacturing of building materials, operates commercial facilities like hotels and golf places, and provides financial services such as real estate property securitization. With balanced Smart Scores across key indicators, Mitsui Fudosan appears to have a promising long-term outlook, driven by its diverse business segments and market momentum.
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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