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Suminoe Textile Co., Ltd. ( (JP:3501) ) has shared an announcement.
Suminoe Co., Ltd. has revised upward its consolidated forecast for the second quarter of the fiscal year ending May 31, 2026, projecting higher net sales, operating profit and ordinary profit than previously announced, driven by robust demand for interior products in its Automotive Textiles and Traffic Facilities Segment and solid growth in its space design business within the Interior Fittings Segment. Despite these improvements, profit attributable to owners of parent is now expected to be slightly lower than the earlier forecast, though the company has left its dividend outlook unchanged, indicating confidence in its overall operating performance and margin support from price revisions amid persistently high raw material and energy costs.
The most recent analyst rating on (JP:3501) stock is a Hold with a Yen1318.00 price target. To see the full list of analyst forecasts on Suminoe Textile Co., Ltd. stock, see the JP:3501 Stock Forecast page.
More about Suminoe Textile Co., Ltd.
Suminoe Co., Ltd. is a Japan-based manufacturer operating primarily in automotive textiles, traffic facilities materials and interior fittings, including interior products for railways, buses and space design solutions. The company focuses on supplying value-added interior materials and design services to transportation and building-related markets in Japan and overseas.
Average Trading Volume: 17,315
Technical Sentiment Signal: Buy
Current Market Cap: Yen17.69B
For an in-depth examination of 3501 stock, go to TipRanks’ Overview page.