Stock Analysis
Sumitomo Heavy Industries (TSE:6302) First Quarter 2024 Results
Key Financial Results
- Net income: JP¥13.6b (up by JP¥13.6b from 1Q 2023).
- EPS: JP¥111.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sumitomo Heavy Industries Earnings Insights
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Japan.
Performance of the Japanese Machinery industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Sumitomo Heavy Industries (1 is a bit concerning!) that you should be aware of before investing here.
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About TSE:6302
Sumitomo Heavy Industries
Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally.
Excellent balance sheet and good value.