- Shinko Electric has revised its full-year operating income forecast to 25.60 billion yen, down from the previous forecast of 40.7 billion yen, and below the analyst estimate of 31.15 billion yen.
- The company expects its net income to be 18.00 billion yen, which is less than the previous expectation of 27.2 billion yen and the analyst estimate of 22.41 billion yen.
- Shinko Electric forecasts net sales to be 215.00 billion yen, a reduction from their earlier estimate of 243.3 billion yen and below the market estimate of 225.16 billion yen.
- The company is maintaining a dividend of 0.0 yen, in line with estimates.
- For the third quarter, Shinko Electric reported an operating income of 6.40 billion yen, a 2% year-over-year decrease, missing the analyst estimate of 7.5 billion yen.
- The company’s net income for the same period was 5.38 billion yen, marking a 49% year-over-year increase, but falling short of the analyst estimate of 7.63 billion yen.
- Third quarter net sales were 51.56 billion yen, slightly up from the previous year’s 51.53 billion yen, but under the market estimate of 57.76 billion yen.
- Market analysts have issued 0 buys, 6 holds, and 0 sells on Shinko Electric’s stock.
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Shinko Electric Industries on Smartkarma
Analysts on Smartkarma, such as David Blennerhassett and Travis Lundy, are covering Shinko Electric Industries. David’s insight in “Last Week in Event SPACE” highlights the start date for Shinko Electric’s Tender Offer, mentioning the involvement of various parties. Travis discusses the approval status, emphasizing the slight delay in the start date of the Tender Offer and its impact on trading.
Arun George delves into the tender offer nearing completion, noting factors like deal fatigue and Ibiden’s influence on shareholder acceptance. In another report, David provides an overview of deals in Asia-Pacific, including developments related to Shinko Electric Industries. Travis also highlighted the approval of the JIC Consortium deal by SAMR, leading to a positive stock movement.
A look at Shinko Electric Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| 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
Shinko Electric Industries has a moderate long-term outlook based on the Smartkarma Smart Scores. The company scored a 2 in Value, Dividend, and Growth categories, indicating average performance in these areas. However, Shinko Electric Industries received higher scores of 4 in Resilience and Momentum, suggesting stronger performance in these aspects. This mix of scores reflects a company that may have stable fundamentals and promising growth opportunities ahead.
As a company that designs, manufactures, and sells advanced electronic materials globally, Shinko Electric Industries is positioned to benefit from its resilience and momentum factors, which can drive future success and performance. With a focus on semiconductor packages and a broad international sales network spanning countries like the Philippines, Germany, and Hong Kong, Shinko Electric Industries is strategically positioned to navigate market challenges and capitalize on growth opportunities in the electronic materials industry.
Summary: SHINKO ELECTRIC INDUSTRIES CO., LTD. specializes in advanced electronic materials, particularly semiconductor packages like leadframes and PLP. With a global sales presence in key markets worldwide, the company is well-positioned for future growth and resilience in the electronic materials sector.
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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