Nifco Inc. First Take: Results and Guidance Below Expectations

Nifco Inc. reported FY3/26 operating profits of ¥48.1 bn and FY3/27 guidance of ¥50.8 bn, both missing market expectations. The stock declined 5.5% following the announcement, despite a dividend hike and stock split.

Key Takeaways

• 1.FY3/26 operating profits of ¥48.1 bn came in below Goldman Sachs' estimate and consensus, likely due to synthetic resin business underperformance.
• 2.FY3/27 earnings guidance is significantly lower than market expectations, leading to a 5.5% drop in share price.
• 3.The company announced a dividend hike and a 2-for-1 stock split but did not announce any share buybacks.

Table of Contents

• Results below expectations
• New guidance below market expectations
• Price Target Risks and Methodology - Nifco Inc.
• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial