- Updated 1H 2024 Net Sales Forecast: Now expected at 1.31 trillion yen, up from the previous 1.26 trillion yen.
- Updated 1H 2024 Net Income Forecast: Revised to 46.00 billion yen, previously predicted at 39.00 billion yen.
- 2025 Forecast:
- Net Sales: Steady at 2.62 trillion yen.
- Net Income: Remains 81.00 billion yen.
- Dividend: Expected at 18.00 yen per share, slightly below the 18.46 yen estimate.
- First Quarter Results:
- Net Sales: 637.73 billion yen, up 10% year-over-year, surpassing the 609.35 billion yen estimate.
- Core Operating Profit: Achieved 36.76 billion yen, a 68% year-over-year increase.
- Net Income: Reached 26.86 billion yen, up 93% year-over-year, exceeding the 18.6 billion yen estimate.
- Segment Revenues for Q1:
- Fibers & Textiles: 244.80 billion yen, a 9.4% increase year-over-year (estimate: 232.4 billion yen).
- Performance Chemicals: 241.72 billion yen, up 13% year-over-year (estimate: 231.65 billion yen).
- Carbon Fiber Composite Materials: 77.69 billion yen, a 13% rise year-over-year (estimate: 73.5 billion yen).
- Environment & Engineering: 57.48 billion yen, a 2.7% increase year-over-year (estimate: 58.88 billion yen).
- Life Science: 12.14 billion yen, up 7.5% year-over-year (estimate: 11.75 billion yen).
- Stock Performance:
- Shares rose 4.4% to 732.60 yen.
- Trading volume of 5.49 million shares.
- Analyst Recommendations: 9 buys, 4 holds, 1 sell.
A look at Toray Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Investors looking at Toray Industries, Inc. might find a promising long-term outlook based on the Smartkarma Smart Scores. With strong scores in Value, Dividend, and Momentum, Toray appears to be an enticing investment opportunity. The company’s focus on manufacturing yarns, synthetic fibers, and chemical products positions it well in both apparel and industrial markets. Additionally, its development of information equipment showcases a diversification strategy that could drive growth in the future.
While Toray Industries receives lower scores in Growth and Resilience, the overall positive outlook indicated by the Smart Scores suggests that the company’s strengths in value, dividend yield, and momentum could outweigh any potential concerns. Investors seeking a balance of stability and growth may see Toray as a potentially lucrative long-term investment in the manufacturing and chemical industries.
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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