- Increased Operating Income Forecast: Isetan Mitsukoshi now expects operating income for the fiscal year to be 72.00 billion yen, up from the previous expectation of 64.00 billion yen. The market estimate was 66.94 billion yen.
- Higher Net Income Prediction: The company anticipates net income to reach 58.00 billion yen, an increase from the prior forecast of 53.00 billion yen. Analysts had estimated 56.13 billion yen.
- Revenue Expectations Raised: Isetan Mitsukoshi projects net sales to be 556.00 billion yen, up from the earlier outlook of 548.00 billion yen. The consensus estimate was 553.21 billion yen.
- Dividend Increase: The company expects to offer a dividend of 48.00 yen per share, compared to the previous forecast of 44.00 yen. Analysts had estimated 44.45 yen.
- First Quarter Performance:
- Operating income was 18.87 billion yen, a significant increase from 8.65 billion yen year-over-year (y/y). The market estimate was 12.03 billion yen.
- Net income reached 13.70 billion yen, up from 6.81 billion yen y/y.
- Net sales were 129.69 billion yen, a 9.3% increase y/y, against an estimate of 125.2 billion yen.
- Investment Ratings: The stock has been rated with 7 buys, 3 holds, and 1 sell by analysts.
Isetan Mitsukoshi Holdings Ltd on Smartkarma
Smartkarma, the independent investment research network, features insightful coverage of Isetan Mitsukoshi Holdings Ltd by seasoned analyst Michael Causton. In his report titled “Isetan-Mitsukoshi Bets on Flagships and Real Estate,” Causton highlights the company’s ambitious goals and strategic focus. Isetan Shinjuku aims to achieve record sales exceeding ¥400 billion, mainly driven by inbound tourism. To ensure long-term stability and improved margins, the company is investing in advanced databases, personalized marketing strategies, and real estate ventures, with a significant ¥500 billion allocation around Isetan Shinjuku alone.
A look at Isetan Mitsukoshi Holdings Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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
According to the Smartkarma Smart Scores, Isetan Mitsukoshi Holdings Ltd shows strong potential for growth with a score of 5 in that category. The company, formed from the merger of Mitsukoshi and Isetan, operates a range of department stores across Japan offering a variety of products including clothing, foods, cosmetics, and household goods. This high growth score indicates a positive outlook for the company’s expansion and revenue prospects in the long term.
Complementing its growth prospects, Isetan Mitsukoshi Holdings Ltd also demonstrates solid momentum and value with scores of 4 and 3 respectively. These scores suggest that the company is gaining traction in the market and is trading at reasonable valuations. While the dividend and resilience scores are slightly lower at 2 and 3 respectively, the overall outlook remains positive for Isetan Mitsukoshi Holdings Ltd based on its strong growth potential and market momentum.
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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