- Toray Industries misses expected full year dividend forecast, estimating at 18.00 yen instead of the projected 19.25 yen.
- The company expects net sales of 2.62 trillion yen and a net income of 81.00 billion yen during the financial year.
- First half forecast shows net sales expected to be around 1.26 trillion yen and net income around 39.00 billion yen.
- Fourth quarter results exhibited a net sales of 635.19 billion yen, showing an 8.1% year-on-year increase, surpassing the estimated 633.81 billion yen.
- Fourth quarter also showed a net loss of 23.76 billion yen, considerably higher than last year’s loss of 1.73 billion yen and contrary to the estimated profit of 13.11 billion yen.
- Fibers and Textiles revenue dipped by 2.4% year-on-year to 974.79 billion yen, slightly under the expected 977.54 billion yen.
- Performance Chemicals revenue saw a similar dip by 2.6% year-on-year to 886.08 billion yen, lower than the projected 892.86 billion yen.
- Contrarily, Carbon Fiber Composite Materials revenue increased by 3.1% year-on-year to 290.48 billion yen, surpassing the projected 285.98 billion yen.
- Environment and Engineering revenue rose by 6.7% year-on-year to 244.09 billion yen, slightly under the estimated 246.04 billion yen.
- Life Science revenue fell by 2.8% year-on-year to 52.23 billion yen, less than the estimated 53.8 billion yen.
- On the stocks market, Toray Industries sits at 9 buys, 3 holds and 2 sells.
A look at Toray Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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, Toray Industries shows a strong long-term outlook. With a perfect score of 5 for Value, the company is considered highly valuable in terms of investment. Additionally, Toray scores well in Dividend and Growth with scores of 4, indicating solid performance in these areas. However, the company lags behind in Resilience and Momentum with scores of 2 and 3 respectively. Despite these lower scores, Toray Industries‘ overall outlook remains positive based on the Smart Scores.
Toray Industries, Inc. is a manufacturing company that specializes in yarns, synthetic fibers, chemical products, and information equipment. Known for its diverse product range that includes apparel and industrial materials, Toray also develops electronic circuitry and liquid crystal color filters. With strong scores in Value, Dividend, and Growth, Toray Industries is well-positioned for long-term success in the market.
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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