- The operating income forecast for Isetan Mitsukoshi exceeds estimates, coming in at 64.00 billion yen against a predicted 56.72 billion yen.
- The company also expects a higher net income than predicted – 53.00 billion yen as opposed to the estimated 43.8 billion yen.
- Net sales are forecasted to be slightly less than estimated at 548.00 billion yen, compared to the estimate of 549.89 billion yen.
- Expected dividends for the financial year are higher than estimated at 44.00 yen, as opposed to the expected 35.20 yen.
- Fourth quarter results show that operating income is 13.43 billion yen, a significant amount higher than the 5.05 billion yen year on year, and also against the estimate of 10.3 billion yen.
- The net income for the fourth quarter is at 24.47 billion yen, a 91% increase year on year, and higher than the estimate of 15.45 billion yen.
- Net sales for the fourth quarter are at 134.67 billion yen, a 12% increase year on year, and higher than the estimate of 129.18 billion yen.
- Stock market reactions to these results incorporate 8 buy ratings, 2 hold recommendations and 1 sell recommendation.
- Comparisons are based on the values provided in company’s original disclosures.
Isetan Mitsukoshi Holdings Ltd on Smartkarma
Analysts on Smartkarma, a platform for independent investment research, are closely covering Isetan Mitsukoshi Holdings Ltd. Travis Lundy, an analyst on the platform, recently published a bullish report on the company titled “Isetan-Mitsukoshi (3099) – Good Results, Higher Forecast, Higher Div, Short Sharp Buyback.” In his analysis, Lundy highlights the positive Q3 earnings announcement by the department store operator holdco, which led to an increase in FY forecasts, a higher H2 dividend, and the initiation of a buyback program. Notably, the company reported considerable growth in revenues, operating profits, and net profits over the past three quarters, leading to upward revisions in its full-year financial projections. The buyback scheme, aiming to repurchase up to 11 million shares worth ¥15 billion in the coming weeks, indicates a strategic move by Isetan Mitsukoshi Holdings Ltd to potentially enhance shareholder value.
A look at Isetan Mitsukoshi Holdings Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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
Looking at the Smartkarma Smart Scores for Isetan Mitsukoshi Holdings Ltd, the company seems to have a bright long-term outlook. It scored high in Growth and Momentum, indicating strong potential for future expansion and positive market performance. The company’s focus on growth opportunities and its current momentum in the market position it well for sustained success.
While the Value and Resilience scores are moderate, suggesting room for improvement in these areas, the overall positive outlook, especially in Growth and Momentum, presents a promising picture for Isetan Mitsukoshi Holdings Ltd. Investors may find this company attractive for its potential growth and market momentum.
Summary: Isetan Mitsukoshi Holdings Ltd. is a holding company formed from the merger of Mitsukoshi and Isetan, operating department stores nationwide offering a diverse range of products including 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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