Earnings Alerts

Isetan Mitsukoshi Holdings Ltd (3099) Earnings: 2Q Operating Income Surpasses Estimates with 39% Increase

By November 13, 2024 No Comments
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  • Isetan Mitsukoshi’s operating income for the second quarter is 16.02 billion yen, up 39% year over year, surpassing the estimate of 14.78 billion yen.
  • Net income for the quarter reached 11.69 billion yen, increasing by 45% year over year and exceeding the estimate of 9.65 billion yen.
  • Net sales for the quarter were 134.40 billion yen, a 3.5% increase compared to the previous year but slightly below the estimate of 136.45 billion yen.
  • The company maintains its forecast for 2025, expecting operating income of 72.00 billion yen, slightly below the estimate of 73.18 billion yen.
  • Isetan Mitsukoshi forecasts a net income of 58.00 billion yen for 2025, matching closely with the estimate of 58.81 billion yen.
  • 2025 net sales are projected at 556.00 billion yen, nearly aligning with the estimate of 556.06 billion yen.
  • Dividend forecasts for 2025 remain at 48.00 yen, just under the estimated 48.43 yen.
  • Market sentiment includes 10 buy ratings, 1 hold, and 1 sell recommendation.

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Isetan Mitsukoshi Holdings Ltd on Smartkarma

On Smartkarma, investment analyst Michael Causton provides insightful coverage of Isetan Mitsukoshi Holdings Ltd. In his report titled “Isetan-Mitsukoshi Bets on Flagships and Real Estate,” Causton highlights the company’s focus on long-term stability and higher margins. Isetan Shinjuku is on track to achieve record sales exceeding Β₯400 billion, primarily driven by inbound tourists. To ensure sustained growth, Isetan-Mitsukoshi is enhancing its marketing strategies through improved databases and personalized marketing initiatives. Additionally, the company is set to invest Β₯500 billion in real estate assets surrounding Isetan Shinjuku, emphasizing a strategic approach to maximize returns.


A look at Isetan Mitsukoshi Holdings Ltd Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience3
Momentum2
OVERALL SMART SCORE3.2

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

With an overall positive outlook for Isetan Mitsukoshi Holdings Ltd based on Smartkarma Smart Scores, the company seems to have strong growth prospects in the long term. Achieving a high score of 5 in Growth, Isetan Mitsukoshi Holdings Ltd is positioned well to expand and increase its market presence. Additionally, with moderate scores in Value and Resilience, the company shows stability and reasonable valuation, indicating a balanced investment opportunity.

Isetan Mitsukoshi Holdings Ltd, a result of the merger of Mitsukoshi and Isetan, operates department stores across Japan offering a wide range of products from clothing to household goods. With a blend of solid growth potential and established operations, investors may find the company’s stock appealing for a diversified portfolio.

Summary:

Isetan Mitsukoshi Holdings Ltd. is a holding company established through a merger of Mitsukoshi and Isetan. The group operates department stores nationwide, selling clothing, foods, household goods, cosmetics, and general merchandise.


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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