- Net Income: Mitsui & Co. reported a net income of 276.11 billion yen for the first quarter of 2024, which is a 9.2% increase year-over-year. This figure outperformed the estimated 270.8 billion yen.
- Net Sales: The company achieved net sales of 3.84 trillion yen, reflecting a 22% increase compared to the same period last year.
- Mineral & Metal Resources: This segment reported a net income of 80.54 billion yen, marking a 3.4% year-over-year increase.
- Energy Segment: The net income for the energy segment was 19.17 billion yen, showing a significant 28% decline year-over-year.
- 2025 Forecast: Mitsui & Co. still projects a net income of 900.00 billion yen for the year 2025, slightly below the estimated 936.89 billion yen.
- Dividends: The company maintains its forecast for dividends at 100.00 yen, compared to an estimate of 102.87 yen.
- Analyst Ratings: The stock has 10 buy ratings, 4 hold ratings, and no sell ratings from analysts.
Mitsui & Co Ltd on Smartkarma
Analysts on Smartkarma have recently covered Mitsui & Co Ltd, providing insights on the company’s recent activities. Clarence Chu, in a bullish sentiment, highlighted a placement involving MS&AD Insurance and Sumitomo Mitsui Financial Group looking to raise US$691m by reducing their stakes in Mitsui & Co Ltd. While this move may signal a cross-shareholding unwind, Chu noted the potential timing uncertainty of the selldown in Japan.
On the other hand, Travis Lundy, with a bearish view, discussed a ¥100bn overnight equity offering by MSAD Insurance and SMBC for Mitsui & Co. The offering, totaling 14.9mm shares, is set to be priced and sold to institutional investors. Lundy mentioned a buyback program by Mitsui & Co, raising questions about future comparisons with peers despite the apparent ease of the current situation.
A look at Mitsui & Co Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
Based on the Smartkarma Smart Scores, Mitsui & Co Ltd has a positive long-term outlook. With a high score in Growth and moderate scores in Value and Momentum, the company is positioned for potential growth in the future. Mitsui is a general trading company with diverse operating groups, including Iron and Steel, Non-Ferrous Metals, Machinery, Chemicals, Foods, Energy, Textiles, and General Merchandise. The company also engages in real estate and overseas development projects, indicating a broad scope of business activities.
While Mitsui & Co Ltd demonstrates strength in growth potential, its Resilience score is comparatively lower, suggesting some level of vulnerability. However, the company’s overall balance of scores indicates a stable foundation for long-term success. Investors and stakeholders may find Mitsui & Co Ltd an attractive option for growth-oriented portfolios given its strong Growth score and diversified business interests.
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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