Bons indicadores.... é com estes que se fáz a estimativa....
Enviado: 17/5/2004 19:5617 May 2004 10:20
UPDATE 1-Citizen Watch profit soars on radio watches, LEDs
(Updates with details, company comment, analyst comment, byline)
By Nathan Layne
TOKYO, May 17 (Reuters) - Japan's Citizen Watch Co <7762.T> said on Monday that its operating profit nearly doubled in the past business year on strong sales of radio-controlled watches and mobile phone parts, and gave a better-than-expected forecast for double-digit profit growth this year.
Citizen, a maker of light-emitting diodes (LEDs) used to illuminate cell phones, forecast group operating profit to rise 15.5 percent to a record 41 billion yen ($357.9 million) in the year to March 2005 on sales of 400 billion yen, up 6.5 percent.
The forecast was more bullish than the market consensus of a 37.5 billion yen operating profit on revenues of 383 billion yen, according to a poll of nine analysts by Reuters Research.
"My first impression is that this is a positive surprise...We were looking for no profit growth this year taking into consideration the risk of a strong yen," said J.P. Morgan analyst Hisashi Moriyama, who rates Citizen Watch's stock at "neutral".
"For the company to come out with a forecast like this at this stage in the game shows it is confident that all major segments -- watches, LEDs and industrial machinery -- will continue to perform well and contribute to earnings growth."
Through subsidiary Citizen Electronics <6892.Q>, Citizen Watch is a major supplier of LED chips and liquid crystal display backlight units to the world's largest mobile phone maker, Nokia <NOK1V.HE>, and to Japan's top producer NEC Corp <6701.T>.
Last week, Citizen Electronics projected that its operating profit would rise 25 percent in 2004/2005, citing expectations for continued growth in the cellphone market and a higher percentage of phones equipped with colour screens.
Citizen Watch owns 66 percent of Citizen Electronics, which reported a doubling of group operating profit in the past business year to 17.7 billion yen, accounting for about half percent of the parent's operating income in 2003/04.
"About 80 percent of our business is tied to the cell phone market. And to put it simply, that market was booming," said Minoru Okamoto, executive director of Citizen Electronics, at a gathering of analysts and reporters earlier in the day.
GOOD FIGHT
For the year ended March 31, Citizen Watch posted an 80.4 percent rise in operating profit to 35.51 billion yen as sales increased 12.5 percent to 375.72 billion yen.
Net profit more than tripled to 19.68 billion yen, boosted by a sharp drop in special losses, which had depressed its bottom line in 2002/03.
The company said revenues in its watch division slumped five percent in 2003/04, but operating profit jumped 21 percent thanks to brisk sales of high-margin radio-synchronised watches, which receive radio signals that ensure they remain accurate.
Casio Computer Co Ltd <6952.T> and Citizen Watch were the only two domestic players in this fast-growing segment of the watch market until Seiko Corp <8050.T> made it three by launching its own line-up of radio-controlled watches last month.
"Before it was just us and Casio, but Seiko's entry should help to stoke overall demand. I expect it to be a good fight," Citizen Watch director Osamu Yamada told a news conference.
Revenues in Citizen Watch's industrial machinery division rose 29 percent to 28 billion yen in the previous business year, fuelled by a recovery in demand from the electronics and auto sectors.
Operating profit in the division jumped 181 percent in 2003/04 and is seen up another 10 percent this year.
UPDATE 1-Citizen Watch profit soars on radio watches, LEDs
(Updates with details, company comment, analyst comment, byline)
By Nathan Layne
TOKYO, May 17 (Reuters) - Japan's Citizen Watch Co <7762.T> said on Monday that its operating profit nearly doubled in the past business year on strong sales of radio-controlled watches and mobile phone parts, and gave a better-than-expected forecast for double-digit profit growth this year.
Citizen, a maker of light-emitting diodes (LEDs) used to illuminate cell phones, forecast group operating profit to rise 15.5 percent to a record 41 billion yen ($357.9 million) in the year to March 2005 on sales of 400 billion yen, up 6.5 percent.
The forecast was more bullish than the market consensus of a 37.5 billion yen operating profit on revenues of 383 billion yen, according to a poll of nine analysts by Reuters Research.
"My first impression is that this is a positive surprise...We were looking for no profit growth this year taking into consideration the risk of a strong yen," said J.P. Morgan analyst Hisashi Moriyama, who rates Citizen Watch's stock at "neutral".
"For the company to come out with a forecast like this at this stage in the game shows it is confident that all major segments -- watches, LEDs and industrial machinery -- will continue to perform well and contribute to earnings growth."
Through subsidiary Citizen Electronics <6892.Q>, Citizen Watch is a major supplier of LED chips and liquid crystal display backlight units to the world's largest mobile phone maker, Nokia <NOK1V.HE>, and to Japan's top producer NEC Corp <6701.T>.
Last week, Citizen Electronics projected that its operating profit would rise 25 percent in 2004/2005, citing expectations for continued growth in the cellphone market and a higher percentage of phones equipped with colour screens.
Citizen Watch owns 66 percent of Citizen Electronics, which reported a doubling of group operating profit in the past business year to 17.7 billion yen, accounting for about half percent of the parent's operating income in 2003/04.
"About 80 percent of our business is tied to the cell phone market. And to put it simply, that market was booming," said Minoru Okamoto, executive director of Citizen Electronics, at a gathering of analysts and reporters earlier in the day.
GOOD FIGHT
For the year ended March 31, Citizen Watch posted an 80.4 percent rise in operating profit to 35.51 billion yen as sales increased 12.5 percent to 375.72 billion yen.
Net profit more than tripled to 19.68 billion yen, boosted by a sharp drop in special losses, which had depressed its bottom line in 2002/03.
The company said revenues in its watch division slumped five percent in 2003/04, but operating profit jumped 21 percent thanks to brisk sales of high-margin radio-synchronised watches, which receive radio signals that ensure they remain accurate.
Casio Computer Co Ltd <6952.T> and Citizen Watch were the only two domestic players in this fast-growing segment of the watch market until Seiko Corp <8050.T> made it three by launching its own line-up of radio-controlled watches last month.
"Before it was just us and Casio, but Seiko's entry should help to stoke overall demand. I expect it to be a good fight," Citizen Watch director Osamu Yamada told a news conference.
Revenues in Citizen Watch's industrial machinery division rose 29 percent to 28 billion yen in the previous business year, fuelled by a recovery in demand from the electronics and auto sectors.
Operating profit in the division jumped 181 percent in 2003/04 and is seen up another 10 percent this year.
, e estableci os 11,40 como patamar para sair, se as coisas corressem mal! Até hoje, parecia um bom suporte! Andou por ali a rasar, mesmo enquanto o resto caia forte e feio.
Este fim de semana não, já reparei que a argumentação está bear, mas pode ser lá mais para o fim do mês. 