- Nippon Yusen raised its forecast for full-year operating income to 210 billion yen, surpassing its previous forecast of 200 billion yen and nearing the market estimate of 210.88 billion yen.
- The company expects a net income of 450 billion yen for the fiscal year, up from an earlier forecast of 390 billion yen and above the estimate of 414 billion yen.
- Full-year net sales are projected to be 2.58 trillion yen, which exceeds both the previous expectation of 2.54 trillion yen and the market estimate of 2.51 trillion yen.
- The anticipated dividend has been increased to 310 yen from an earlier forecast of 260 yen, outperforming analysts’ expectation of 283.13 yen.
- For the third quarter, Nippon Yusen reported operating income of 62.52 billion yen, a 37% year-over-year increase, exceeding the market estimate of 52.53 billion yen.
- Net income for the third quarter saw a substantial rise to 129.59 billion yen, compared to 40.18 billion yen in the previous year, surpassing estimates of 103.55 billion yen.
- Net sales for the third quarter reached 660.14 billion yen, marking a 6.3% year-over-year growth, slightly above the estimate of 656.93 billion yen.
- Following these results, Nippon Yusen shares increased by 3.1% to 5,020 yen, with 5.35 million shares traded.
- Analyst recommendations for Nippon Yusen include 4 buys, 7 holds, and 1 sell.
A look at Nippon Yusen Kk Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
According to Smartkarma Smart Scores, Nippon Yusen Kk shows a positive long-term outlook. The company scores high on Dividend and Value, indicating strong performance in these areas. With a solid score in Growth, Nippon Yusen Kk demonstrates potential for expansion and sustainability. However, the scores for Resilience and Momentum are average, suggesting some room for improvement in these areas.
Nippon Yusen Kabushiki Kaisha is a prominent player in the marine transportation industry, offering a range of services from international hub ports to domestic and international ports. Specializing in container transportation, tramp and specialized carriers, logistics, and cruise lines, the company provides scheduled and unscheduled transportation services globally. With high ratings in Dividend and Value, Nippon Yusen Kk is positioned well for long-term success.
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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