- SMC has reduced its fiscal year operating income forecast to 201.00 billion yen from the previous forecast of 233.00 billion yen.
- The estimated operating income was 221.62 billion yen, indicating SMC’s new forecast is below the estimate.
- The company’s net income is now seen at 170.00 billion yen, which is a decrease from the 183.00 billion yen previously forecasted.
- Estimates had put the net income at 182.12 billion yen, again showing that SMC’s new figures fall short of expectations.
- Net sales are forecasted to be 767.00 billion yen, down from the earlier prediction of 807.00 billion yen.
- The estimated net sales were 798.7 billion yen, meaning that SMC’s current forecast is less than the estimated figure.
- Despite these changes, SMC maintains its dividend at 900.00 yen, which is a bit less than the estimated 907.00 yen.
- Third quarter results show an operating income of 50.07 billion yen, down 22% year on year, and less than the estimate of 53.74 billion yen.
- The net income for the third quarter is 42.57 billion yen, up 4.6% year on year, and higher than the estimated 40.56 billion yen.
- Net sales for the same period were 189.07 billion yen, down 8.2% year on year and less than the estimated 193.21 billion yen.
- There were 12 buy ratings, 4 hold ratings and no sell ratings for SMC.
A look at SMC Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
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, SMC Corp has a positive long-term outlook. The company has received a growth score of 4, resilience score of 4, and momentum score of 5. This indicates that SMC Corp is performing well in terms of growth, stability, and market momentum. SMC Corp is focused on manufacturing directional control devices and other pneumatic equipment, but is also expanding into the market of information and communications products. This diversification could lead to further growth and success for the company in the long-term.
While SMC Corp has a strong outlook in terms of growth and momentum, it has received a lower score of 2 for value and a score of 1 for dividend. This suggests that the company may not be as financially attractive for investors, and may not provide significant returns in the form of dividends. However, with its focus on expanding into new markets and its strong performance in other areas, SMC Corp may still be a promising investment option for those looking for long-term growth potential.
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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