- Daifuku forecasts FY operating income at 56 billion yen, up from a previous forecast of 52 billion yen but below the estimate of 72 billion yen.
- Projected net income is 42 billion yen, higher than the previous forecast of 39 billion yen but below the estimate of 53.84 billion yen.
- Dividend is set at 40 yen, compared to a previous forecast of 37 yen and an estimate of 48.38 yen.
- Net sales are still expected to be 550 billion yen, below the estimate of 669.09 billion yen.
- First quarter operating income was 16.40 billion yen, up from 8.22 billion yen year-over-year, but below the estimate of 17.92 billion yen.
- First quarter net income reached 12.87 billion yen, marking a 79% increase year-over-year.
- First quarter net sales were 145.09 billion yen, a 7.8% increase year-over-year, but below the estimate of 169.96 billion yen.
- Sales are progressing smoothly both domestically and overseas due to a strong order backlog.
- Profits are expected to exceed the May 10, 2024 business forecast due to successful cost pass-throughs for higher raw material and labor costs, cost reductions, and faster progress on high-profit projects.
- Analyst recommendations include 14 buys, 3 holds, and 0 sells.
Daifuku Co Ltd on Smartkarma
Analyst coverage of Daifuku Co Ltd on Smartkarma, an independent investment research network, highlights a bullish sentiment from Mark Chadwick. In his report, titled “Daifuku (6383) | Time to Pick up Global Leader,” Chadwick points out that Daifuku’s recent share price decline provides an attractive entry point for investors. He emphasizes the growth potential in warehouse automation and anticipates an order recovery in the electronics segment. Chadwick believes that Daifuku, a key player in warehouse automation set to benefit from a growing industry, presents a compelling opportunity for investors.
A look at Daifuku Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| 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
Daifuku Co Ltd, a company specializing in material handling equipment, presents a mixed long-term outlook based on its Smartkarma Smart Scores. While scoring moderate ratings in Value and Dividend at 2, indicating average performance in these areas, Daifuku Co Ltd shines in terms of Growth and Resilience, scoring 3 and 4 respectively. This suggests a positive trajectory for the company in terms of expanding its operations and demonstrating resilience in challenging market conditions. Despite these strengths, the company lags behind in Momentum with a score of 2, indicating a slower pace of growth compared to its peers.
Looking ahead, Daifuku Co Ltd appears well-positioned to capitalize on growth opportunities and withstand market uncertainties, supported by its strong emphasis on innovation and adaptability in the material handling sector. Investors may find potential in the company’s ability to drive growth and navigate through changes in the industry landscape, although it is important to consider the implications of its lower momentum score for future performance.
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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