- SMC revised its full-year operating income forecast to 214 billion yen, down from an initial estimate of 234 billion yen, missing the market estimate of 226.91 billion yen.
- Full-year net income is now forecasted at 167 billion yen, down from an earlier outlook of 194 billion yen and below the market estimate of 188.38 billion yen.
- The company expects net sales to be 820 billion yen, compared to a prior forecast of 840 billion yen, falling short of the market’s expectation of 827.53 billion yen.
- Despite these revisions, SMC maintains its dividend forecast of 1,000 yen, close to the market estimate of 1,006 yen.
- In the second quarter, SMC reported operating income of 47.14 billion yen, a decline of 3.8% year-on-year, missing the estimate of 53.8 billion yen.
- Second quarter net income was 29.48 billion yen, dropping 31% year-on-year, and falling short of the estimated 42.26 billion yen.
- Net sales for the second quarter amounted to 192.28 billion yen, a decrease of 1.2% year-on-year, below the anticipated 201.82 billion yen.
- SMC is viewed positively in the market with 13 buy ratings, 4 hold ratings, and no sell ratings from analysts.
A look at SMC Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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
SMC Corp, a manufacturer of directional control devices and pneumatic equipment, has been assessed using Smartkarma Smart Scores. The company received a moderate score in Value and Dividend, indicating room for improvement in these areas. However, it fared better in Growth, Resilience, and Momentum, with higher scores suggesting a promising outlook for the company’s future prospects. SMC Corp‘s focus on becoming a comprehensive maker of automated equipment aligns with market trends, potentially positioning the company for long-term success.
Based on the Smartkarma Smart Scores, SMC Corp shows strengths in Growth, Resilience, and Momentum, which bode well for its long-term outlook. While areas such as Value and Dividend scored lower, there is potential for improvement in these areas. As SMC Corp continues to innovate and adapt to market demands, particularly in automated equipment and information products, it stands to benefit from a positive momentum and resilience in the 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.
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