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Sumco Reports 1H Results
SUMCO CORPORATION To Go Ex-Dividend On June 27th, 2024 With 0.088 USD Dividend Per Share
Earnings Call Summary | SUMCO CORPORATION(SUMCF.US) Q1 2024 Earnings Conference
Screen HD, SUMCO, Daikin Industries, etc.
<5406> Kobe Steel 1982.5 +139.5 significant repulsion. Financial results for the fiscal year ending 24/3 were announced the day before, and ordinary profit was 160.9 billion yen, up 50.6% from the previous fiscal year, reaching 150 billion yen above the company plan. The fiscal year ending 25/3 is 150 billion yen, which is expected to decrease 6.8% from the same period, and a drastic decline in profit in the electric power business is expected. Meanwhile, net profit is expected to increase by 9.5% due to tax effect accounting, and annual dividends are planned to continue at 90 yen along with this. Comparatively, there were many directions where dividend cuts were factored in
SUMCO --- sharp rebound, the outlook for the April-6 fiscal year is on par with consensus, but actual values are up
There was a sharp backlash from SUMCO <3436>. Financial results for the first quarter were announced the day before. Operating profit was 8.7 billion yen, down 66.5% from the same period last year, but market forecasts of around 7 billion yen are improving. The April-6 fiscal year is forecast to be 9 billion yen, which is almost at the level of market consensus. Sales are planned to increase 6% from the previous quarter due to demand bottoming out for 300 millimeter wafers, but it seems that the growth rate of profit compared to the previous quarter is limited due to an increase in labor costs and electricity costs. Movements that positively perceive demand bottom-outs
The Nikkei Average started with a 287 yen increase, and SUMCO, Daikin, etc. rose
[Nikkei Stock Average, TOPIX (table)] Nikkei Average; 38361.79; +287.81 TOPIX; 2726.20; +12.74 [Close Overview] The Nikkei Average on the 10th rebounded 287.81 yen to 38361.79 yen for the first time in 3 days and began trading. The US stock market rose on the 9th the day before. The Dow average rose 331.37 dollars to 39387.76 dollars, and the NASDAQ closed at 16346.27, which rose 43.51 points. Profit from an increase in weekly unemployment insurance claims
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