- Net Income Forecast Cut: JFE now expects net income of 205 billion yen for the full fiscal year, down from a previously forecasted 220 billion yen. The market estimated 228.18 billion yen.
- Net Sales Forecast Reduced: The company expects net sales to be 5.24 trillion yen, revised down from 5.39 trillion yen, with market estimates at 5.4 trillion yen.
- Dividend Unchanged: JFE still plans to provide a dividend of 110 yen per share, in line with market estimates.
- First Half Forecast:
- Net sales expected to be 2.46 trillion yen.
- Net income expected to be 45 billion yen.
- First Quarter Results:
- Net income was 27.52 billion yen, a 54% decrease year-over-year, missing the estimated 45.87 billion yen.
- Net sales were 1.21 trillion yen, down 4% year-over-year, missing the estimated 1.3 trillion yen.
- Analyst Ratings: 9 analysts recommend buying, 4 suggest holding, and none recommend selling.
A look at JFE Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.8 |
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 Smartkarma Smart Scores, JFE Holdings is showing strong potential for long-term growth and stability. With top scores in Value, Dividend, and Growth factors, the company is positioned well for financial success. These high scores indicate that JFE Holdings is considered to be a valuable investment opportunity, offering good dividends and strong growth prospects. However, the company’s scores in Resilience and Momentum are lower, which may suggest some challenges in terms of adaptability and current market performance.
JFE Holdings, Inc., formed from the merger of NKK Corp and Kawasaki Steel Corp, is primarily engaged in managing and overseeing the operations of its subsidiaries involved in steel production and integrated engineering services. This combination of companies brings together expertise in steel manufacturing and specialized engineering solutions, positioning JFE Holdings as a prominent player in the industry. Despite facing some resilience and momentum challenges, the company’s strong performance in value, dividends, and growth aspects bodes well for its long-term outlook.
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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