- Sumitomo Forestry revised its fiscal year operating income forecast to 164.00 billion yen, down from a previous forecast of 195.00 billion yen and below the market estimate of 184.66 billion yen.
- The company now expects net income for the fiscal year to be 96.00 billion yen, compared to an earlier estimate of 123.00 billion yen, and below the market expectation of 114.74 billion yen.
- Forecasted net sales for the fiscal year are 2.32 trillion yen, reduced from the prior forecast of 2.56 trillion yen and below the estimated 2.41 trillion yen.
- In the second quarter, operating income was reported at 44.47 billion yen, marking a 16% decrease year-over-year.
- Second quarter net income stood at 28.37 billion yen, down by 15% from the previous year.
- Despite declines in income, second-quarter net sales increased by 6.7% year-over-year to 563.12 billion yen.
- The company’s investment ratings include 5 buy recommendations and 2 hold recommendations, with no sell ratings reported.
A look at Sumitomo Forestry Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
Sumitomo Forestry Co., Ltd. holds a positive long-term outlook based on the Smartkarma Smart Scores. With a strong dividend score of 5, investors can expect good returns in the form of dividends. The company also scores high in value at 4, indicating that it is undervalued compared to its peers. However, the growth score of 3 suggests moderate growth prospects, while both resilience and momentum scores stand at 3. Overall, Sumitomo Forestry‘s focus on dividends and value, alongside its operations in the construction and forestry sectors, bode well for its future performance.
Sumitomo Forestry Co., Ltd. is a company that specializes in selling lumber and wood-related construction materials. Known for constructing and offering various types of homes, including custom-built wooden houses, the company also produces and distributes high-value wood-based products. Moreover, Sumitomo Forestry plays a key role in maintaining a significant portion of Japan’s forests. With a stable dividend score of 5, the company showcases its commitment to rewarding investors, underlining its position as a prominent player in the construction and forestry industries.
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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