- Nitto Denko boosts its fiscal year operating income forecast to 185.00 billion yen, higher than both the previous forecast of 180.00 billion yen and the market estimate of 181.58 billion yen.
- Net income projection increased to 135.00 billion yen, surpassing the previous expectation of 130.00 billion yen and the estimate of 132.29 billion yen.
- Forecast for net sales raised to 1.01 trillion yen, up from the prior forecast of 982.00 billion yen and exceeding the estimate of 982.58 billion yen.
- For the nine-month period, Industrial Tape revenue reached 270.01 billion yen with an operating income of 37.86 billion yen.
- Optronics revenue stood at 422.97 billion yen, generating an operating income of 137.89 billion yen.
- In the third quarter, the company recorded an operating income of 43.67 billion yen, below the estimate of 49.17 billion yen.
- Third-quarter net income amounted to 28.71 billion yen, missing the estimate of 35.75 billion yen.
- Net sales for the third quarter were 256.56 billion yen, slightly above the estimate of 253.06 billion yen.
- Analyst ratings include 6 buys, 7 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
Investment analysts are eyeing Nitto Denko with optimism for the long term, with a strong overall outlook reflected in its Smart Scores. The company scored well across various factors: Value and Dividend both at 3, Growth at 4, Resilience at 4, and Momentum leading with a solid 5. Nitto Denko‘s diversified manufacturing and marketing of chemical products for industrial and electronic components indicate a stable position in the market.
Nitto Denko Corporation, a leading player in the manufacturing industry, has garnered positive attention for its growth potential and resilience. With a global network of sales and manufacturing subsidiaries, the company’s emphasis on innovative products for sealants, semiconductors, and wrappings bodes well for its future performance. Investors are keeping a keen eye on Nitto Denko as it continues to demonstrate strength across multiple key factors according to Smart Scores analysis.
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
