- Nippon Steel’s net income for the 3rd quarter was 118.73 billion yen, which is 16% lower compared to last year but exceeded the estimate of 89.69 billion yen.
- Net sales for the same period were 2.17 trillion yen, down by 2.5% year-on-year but higher than the expected 2.1 trillion yen.
- The company maintains its annual net income forecast at 310.00 billion yen, which is slightly below the market estimate of 322.26 billion yen.
- Nippon Steel continues to project annual net sales of 8.60 trillion yen, close to the anticipated 8.62 trillion yen.
- The dividend forecast remains steady at 160.00 yen, aligning with market expectations.
- Analyst recommendations for Nippon Steel include 12 buy ratings, 2 hold ratings, and 1 sell rating.
A look at Nippon Steel Corporation Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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 Smart Karma Smart Scores, Nippon Steel Corporation seems to have a bright long-term outlook ahead. The company received top scores in both Value and Dividend, indicating strong fundamentals and consistent dividend payouts. While its Growth score is slightly lower, the company still shows promise in this area. However, Nippon Steel lags behind in Resilience and Momentum, suggesting some challenges in adapting to changing market conditions and maintaining its current growth trajectory. Overall, Nippon Steel Corporation appears to be a solid investment choice with a focus on value and dividends.
Nippon Steel Corporation, an integrated steel maker, has a diverse portfolio of steel products that are utilized in industrial machinery and equipment globally. The company also offers services in plant construction, urban development, and has ventured into developing new businesses such as chemicals, ceramics, electronic equipment, and information & communication systems. With a focus on value and dividends, Nippon Steel Corporation remains a key player in the global steel industry, poised for long-term growth and stability.
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
