- Nippon Steel has updated its forecast for the fiscal year 2024, expecting a net income of 340.00 billion yen, up from the previous forecast of 300.00 billion yen.
- Analysts had estimated the net income to be around 338.19 billion yen.
- The company still projects its net sales for the fiscal year to be 8.80 trillion yen, in line with the analysts’ estimate of 8.78 trillion yen.
- The expected dividend remains unchanged at 160.00 yen, matching analysts’ forecasts.
- For the first half of the financial year, Nippon Steel forecasts a net income of 220.00 billion yen, up from a previously anticipated 180.00 billion yen.
- First half net sales are still projected to be 4.40 trillion yen.
- In the first quarter of 2024, Nippon Steel reported a net income of 157.56 billion yen, which is an 11% year-over-year decline but well above the estimate of 107.85 billion yen.
- First quarter net sales came in at 2.19 trillion yen, a 0.4% year-over-year decline, yet above the analysts’ estimate of 2.16 trillion yen.
- Analyst ratings for Nippon Steel include 10 buys, 3 holds, and 1 sell recommendation.
A look at Nippon Steel Corporation 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 the Smartkarma Smart Scores, Nippon Steel Corporation seems to have a promising long-term outlook. The company has received high scores for Value, Dividend, and Growth, indicating strong performance in these areas. This suggests that Nippon Steel Corporation is considered a financially healthy and growing company.
However, the lower scores in Resilience and Momentum imply some potential challenges ahead. While the company may face some hurdles in terms of resilience and momentum, its strong performance in value, dividend, and growth factors could still position Nippon Steel Corporation well for long-term success in the global steel industry.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
