- Toray Industries has reduced its full-year net sales forecast from 2.67 trillion yen to 2.63 trillion yen.
- The company maintains its net income forecast at 82.00 billion yen.
- The anticipated dividend remains at 20.00 yen, slightly below the previous estimate of 20.30 yen.
- In the second quarter, Toray reported an operating income of 36.79 billion yen, slightly under the estimate of 37.95 billion yen.
- The second-quarter net income was 19.78 billion yen, marking a 31% decrease year over year, and fell below the estimate of 21.69 billion yen.
- Net sales for the second quarter were 638.48 billion yen, a 2.7% decrease year over year, also under the estimate of 666.41 billion yen.
- Despite these results, Toray’s share price increased by 3.8% to 986.10 yen, with 4.62 million shares traded.
- Current analyst recommendations include 7 buys, 5 holds, and 1 sell.
A look at Toray Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
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
With a strong Value score of 4 and a decent Dividend score of 3, Toray Industries, Inc. appears to have a promising long-term outlook. The company’s focus on providing value and potential returns to investors is evident in its high Value score. While its Dividend score is not the highest, it still indicates a level of stability in terms of dividend payouts.
However, Toray’s lower scores in Growth, Resilience, and Momentum suggest that there may be challenges ahead in terms of expanding its business, adapting to market changes, and maintaining positive stock price momentum. Investors considering Toray should weigh these factors along with the company’s core activities of manufacturing yarns, synthetic fibers, and chemical products for various 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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