- Nitto Denko‘s full-year operating income forecast is 170 billion yen, which is below the estimated 194.21 billion yen.
- The net income forecast for the year is 125 billion yen, falling short of the 141.1 billion yen estimate.
- Projected net sales for the year are 984 billion yen, missing the estimated 1.03 trillion yen.
- The expected dividend is 60 yen, slightly below the estimated 61.42 yen.
- In the fourth quarter, Nitto Denko‘s operating income was 32.73 billion yen, slightly above the estimate of 32.57 billion yen.
- The company reported a net income of 28.55 billion yen for Q4, exceeding the estimate of 25.95 billion yen.
- Fourth-quarter net sales were 235.59 billion yen, ahead of the estimated 227.94 billion yen.
- For the full year, industrial tape revenue was 355.73 billion yen, close to the estimated 356.79 billion yen.
- The operating income from industrial tape was 46.04 billion yen, slightly above the estimate of 45.55 billion yen.
- Analysts’ recommendations for Nitto Denko include 6 buys, 7 holds, and 1 sell.
A look at Nitto Denko Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| 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
Based on Smartkarma’s Smart Scores, Nitto Denko‘s long-term outlook appears promising. With strong scores in Growth and Resilience, the company is positioned well for future expansion and to weather any potential economic challenges. Nitto Denko‘s focus on developing innovative products for industrial and electronic components bodes well for its growth prospects.
While the Value and Dividend scores are moderate, the higher scores in Growth and Resilience indicate a positive trajectory for Nitto Denko in the long term. Additionally, the company’s global presence through its network of sales and manufacturing subsidiaries further enhances its potential for sustained success.
#### NITTO DENKO CORPORATION manufactures and markets a wide range of chemical products which are used as materials for industrial and electronic components. The Company’s products include materials for sealants, semiconductors, and wrappings. Nitto Denko has a network of sales/manufacturing subsidiaries worldwide. ###
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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