- **Nitto Denko‘s revised full-year forecast:**
- Operating income forecast increased from 140.00 billion yen to 180.00 billion yen, beating the market estimate of 160.38 billion yen.
- Net income forecast raised to 130.00 billion yen from a previous forecast of 100.00 billion yen, surpassing the estimate of 116.5 billion yen.
- Net sales forecast updated to 982.00 billion yen, up from an earlier projection of 910.00 billion yen and higher than the estimated 948.97 billion yen.
- **First Quarter Results:**
- Reported operating income of 50.70 billion yen, significantly above the estimated 31.52 billion yen.
- Net income recorded at 36.13 billion yen, compared to the estimated 23.5 billion yen.
- Net sales amounted to 249.31 billion yen, exceeding the forecast of 224.8 billion yen.
- **Analyst Recommendations:**
- 6 analysts recommend buying the stock.
- 7 analysts suggest holding.
- 1 analyst advises selling.
A look at Nitto Denko Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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
Based on the Smartkarma Smart Scores, Nitto Denko shows a positive long-term outlook. With a Growth score of 4 and a Resilience score of 4, the company demonstrates strong potential for expansion and the ability to weather economic uncertainties. Additionally, the company scores a Value and Dividend score of 3, indicating stable financials and a moderate dividend payout. Despite a Momentum score of 3, suggesting a steady performance in the short term, the overall outlook for Nitto Denko appears promising for investors looking for a combination of growth and stability.
Nitto Denko Corporation, a manufacturer of chemical products for industrial and electronic components, operates globally with a wide range of products, including materials for sealants, semiconductors, and wrappings. With its network of sales and manufacturing subsidiaries worldwide, Nitto Denko is well-positioned to capitalize on the growing demand for its products and maintain its competitive edge in the market. The combination of strong growth prospects and financial resilience makes Nitto Denko an attractive investment opportunity for investors seeking long-term 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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