- Nitto Denko‘s FY operating income forecast falls short of estimates, with expectations set at 140.00 billion yen against a projected estimate of 164.15 billion yen.
- The net income is also expected to miss estimates, with projections at 100.00 billion yen, compared to the estimate of 118.59 billion yen.
- Estimated net sales for the financial year stand significantly higher at 963.32 billion yen, but the company only sees a possible 910.00 billion yen.
- The dividend forecast, however, matches estimates at 280.00 yen.
- A glance at the fourth quarter results shows the company falling behind estimates in both operating and net income, recording 26.80 billion yen and 21.08 billion yen, respectively.
- Similarly, Nitto Denko‘s net sales for Q4 were slightly lower than anticipated. The company made 221.24 billion yen, while estimates projected 226.93 billion yen.
- On the market, the stock has received 6 buys, 8 holds, and 1 sell.
A look at Nitto Denko Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| 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
Analysts are optimistic about the long-term outlook for Nitto Denko, a company specializing in the manufacturing and marketing of various chemical products. With strong scores in Growth, Resilience, and Momentum, Nitto Denko is positioned favorably for future success. A high Growth score indicates the company’s potential for expansion and development, while a high Resilience score suggests its ability to weather economic uncertainties. Additionally, a top-ranking Momentum score highlights Nitto Denko‘s current market performance and positive trends.
Nitto Denko Corporation stands out for its diverse product offerings, including materials for sealants, semiconductors, and wrappings, catering to various industrial and electronic components. With a global network of sales and manufacturing subsidiaries, the company is well-positioned to capitalize on opportunities in the chemical products sector. Investors may find Nitto Denko‘s balanced scores across Value, Dividend, Growth, Resilience, and Momentum factors an attractive proposition for long-term investment prospects.
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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