- Nissin Foods reported third-quarter operating income of 18.83 billion yen, a decline of 20% compared to last year, and below the estimated 24.99 billion yen.
- The company’s net income for the third quarter was 14.53 billion yen, down 15% year-on-year, missing the forecast of 18.9 billion yen.
- Net sales for the third quarter amounted to 204.19 billion yen, a 2.8% increase from last year, but slightly below the expected 208.45 billion yen.
- Nissin Foods maintains its yearly operating income forecast between 76.00 billion and 80.00 billion yen, compared to a market estimate of 78.79 billion yen.
- The company projects annual net income between 54.50 billion and 57.50 billion yen, marginally aligning with the forecast of 56.32 billion yen.
- Annual net sales are expected to be 785.00 billion yen, exceeding the estimate of 781.55 billion yen.
- Despite financial results, Nissin Foods intends to keep the annual dividend at 70.00 yen, below the estimated 73.00 yen.
- Following the announcement, Nissin Foods’ shares fell by 2.8% to 3,231 yen, with a trading volume of 1.04 million shares.
- The stock is currently rated with 9 buys, 4 holds, and 0 sells.
A look at Nissin Foods Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.8 |
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
NISSIN FOODS HOLDINGS CO.,LTD., known for its popular instant noodle and processed food products, has obtained a positive long-term outlook based on the Smartkarma Smart Scores evaluation. The company’s scores reflect its position in key areas: Value 2, Dividend 3, Growth 4, Resilience 3, and Momentum 2. With a focus on growth and resilience, Nissin Foods Holdings is poised for stability and potential expansion in the market.
NISSIN FOODS, in addition to its core product lines, is also involved in pharmaceutical development and operates production facilities internationally, including in Hong Kong, India, the U.S., and Singapore among other countries. By maintaining a moderate to strong performance across key factors, Nissin Foods Holdings demonstrates a solid foundation that suggests a promising outlook for its long-term growth and sustainability in the food industry.
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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