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Toyo Tanso

DB:T9T
Snowflake Description

Very undervalued with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T9T
DB
¥29B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Toyo Tanso Co., Ltd. produces and sells various carbon products in Japan and internationally. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Toyo Tanso has significant price volatility in the past 3 months.
T9T Share Price and Events
7 Day Returns
-3.4%
DB:T9T
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-31.7%
DB:T9T
-8.2%
DE Electrical
-17.5%
DE Market
T9T Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Toyo Tanso (T9T) -3.4% -16.4% -37.1% -31.7% -24.4% -36.9%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • T9T underperformed the Electrical industry which returned -8.2% over the past year.
  • T9T underperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
T9T
Industry
5yr Volatility vs Market

Value

 Is Toyo Tanso undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Toyo Tanso to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Toyo Tanso.

DB:T9T Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:T9T
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 30.86%) (1.01%))
1.085
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.085 * 6.33%)
6.48%

Discounted Cash Flow Calculation for DB:T9T using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Toyo Tanso is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:T9T DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.48%)
2020 175.00 Analyst x1 164.36
2021 -495.00 Analyst x1 -436.63
2022 1,020.00 Analyst x1 845.00
2023 4,860.00 Analyst x1 3,781.33
2024 6,252.00 Analyst x1 4,568.56
2025 7,251.27 Est @ 15.98% 4,976.53
2026 8,054.08 Est @ 11.07% 5,191.36
2027 8,668.84 Est @ 7.63% 5,247.81
2028 9,121.88 Est @ 5.23% 5,186.25
2029 9,444.91 Est @ 3.54% 5,043.35
Present value of next 10 years cash flows ¥34,567.00
DB:T9T DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥9,444.91 × (1 + -0.39%) ÷ (6.48% – -0.39%)
¥137,042.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥137,042.79 ÷ (1 + 6.48%)10
¥73,177.43
DB:T9T Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥34,567.00 + ¥73,177.43
¥107,744.43
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥107,744.43 / 20.97
¥5137.35
DB:T9T Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:T9T represents 0.00801x of TSE:5310
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00801x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 5,137.35 x 0.00801
€41.13
Value per share (EUR) From above. €41.13
Current discount Discount to share price of €11.20
= -1 x (€11.20 - €41.13) / €41.13
72.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Toyo Tanso is available for.
Intrinsic value
>50%
Share price is €11.2 vs Future cash flow value of €41.13
Current Discount Checks
For Toyo Tanso to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Toyo Tanso's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Toyo Tanso's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Toyo Tanso's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Toyo Tanso's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:T9T PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥140.37
TSE:5310 Share Price ** TSE (2020-03-31) in JPY ¥1399
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Toyo Tanso.

DB:T9T PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:5310 Share Price ÷ EPS (both in JPY)

= 1399 ÷ 140.37

9.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Toyo Tanso is good value based on earnings compared to the DE Electrical industry average.
  • Toyo Tanso is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Toyo Tanso's expected growth come at a high price?
Raw Data
DB:T9T PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14.5%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:T9T PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.97x ÷ 14.5%

0.69x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Toyo Tanso is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Toyo Tanso's assets?
Raw Data
DB:T9T PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥3,096.97
TSE:5310 Share Price * TSE (2020-03-31) in JPY ¥1399
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:T9T PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5310 Share Price ÷ Book Value per Share (both in JPY)

= 1399 ÷ 3,096.97

0.45x

* Primary Listing of Toyo Tanso.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Toyo Tanso is good value based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Toyo Tanso's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Toyo Tanso has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Toyo Tanso expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Toyo Tanso expected to grow at an attractive rate?
  • Toyo Tanso's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Toyo Tanso's earnings growth is expected to exceed the Germany market average.
  • Toyo Tanso's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:T9T Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:T9T Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14.5%
DB:T9T Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 3.7%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:T9T Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:T9T Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 40,300 5,670 4,450 2
2021-12-31 37,900 4,440 3,950 2
2020-12-31 35,850 6,320 3,200 2
2020-03-31
DB:T9T Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 36,402 5,149 2,944
2019-09-30 37,237 3,649
2019-06-30 38,217 6,241 4,158
2019-03-31 38,483 4,575
2018-12-31 41,132 5,759 4,910
2018-09-30 41,310 5,445
2018-06-30 40,732 6,487 4,946
2018-03-31 39,460 4,144
2017-12-31 35,240 6,972 3,020
2017-09-30 33,602 2,056
2017-06-30 32,087 6,084 1,172
2017-03-31 31,794 942

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Toyo Tanso's earnings are expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
  • Toyo Tanso's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:T9T Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Toyo Tanso Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T9T Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 212.19 243.20 181.19 2.00
2021-12-31 188.36 214.60 162.11 2.00
2020-12-31 152.59 166.90 138.27 2.00
2020-03-31
DB:T9T Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 140.37
2019-09-30 173.98
2019-06-30 198.29
2019-03-31 218.30
2018-12-31 234.51
2018-09-30 260.60
2018-06-30 237.28
2018-03-31 199.24
2017-12-31 145.47
2017-09-30 99.12
2017-06-30 56.52
2017-03-31 45.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Toyo Tanso is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Toyo Tanso's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Toyo Tanso has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Toyo Tanso performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Toyo Tanso's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Toyo Tanso has delivered over 20% year on year earnings growth in the past 5 years.
  • Toyo Tanso's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Toyo Tanso's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
Toyo Tanso's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Toyo Tanso Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T9T Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 36,402.00 2,944.00 6,885.00
2019-09-30 37,237.00 3,649.00 6,154.00 952.00
2019-06-30 38,217.00 4,158.00 6,108.00 952.00
2019-03-31 38,483.00 4,575.00 6,102.00 952.00
2018-12-31 41,132.00 4,910.00 5,999.00 952.00
2018-09-30 41,310.00 5,445.00 5,776.00 982.00
2018-06-30 40,732.00 4,946.00 5,762.00 982.00
2018-03-31 39,460.00 4,144.00 5,533.00 982.00
2017-12-31 35,240.00 3,020.00 5,606.00 982.00
2017-09-30 33,602.00 2,056.00 5,189.00 1,195.00
2017-06-30 32,087.00 1,172.00 5,174.00 1,195.00
2017-03-31 31,794.00 942.00 5,370.00 1,195.00
2016-12-31 32,464.00 284.00 5,726.00 1,195.00
2016-09-30 33,766.00 49.00 5,878.00 1,295.00
2016-06-30 34,826.00 256.00 6,196.00 1,295.00
2016-03-31 35,897.00 229.00 6,452.00 1,295.00
2015-12-31 35,558.00 402.00 6,199.00 1,295.00
2015-09-30 35,137.00 558.00 5,713.00 1,695.00
2015-06-30 34,669.00 800.00 5,523.00 1,695.00
2015-03-31 34,121.00 1,194.00 5,304.00 1,695.00
2014-12-31 34,066.00 1,327.00 5,465.00 1,695.00
2013-12-31 32,566.00 -773.00 4,961.00 1,781.00
2013-08-31 28,573.00 -481.00 5,461.00 1,128.00
2013-05-31 28,409.00 -210.00 5,418.00 1,128.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Toyo Tanso has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Toyo Tanso used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Toyo Tanso has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Toyo Tanso's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Toyo Tanso has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Toyo Tanso's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Toyo Tanso's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Toyo Tanso is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Toyo Tanso's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Toyo Tanso's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 162.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Toyo Tanso Company Filings, last reported 3 months ago.

DB:T9T Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 65,705.00 295.00 18,099.00
2019-09-30 65,230.00 487.00 18,306.00
2019-06-30 64,877.00 490.00 18,296.00
2019-03-31 64,719.00 499.00 18,385.00
2018-12-31 64,096.00 505.00 17,885.00
2018-09-30 64,211.00 596.00 17,379.00
2018-06-30 62,833.00 644.00 16,364.00
2018-03-31 61,787.00 683.00 15,551.00
2017-12-31 60,985.00 1,193.00 15,906.00
2017-09-30 59,364.00 1,411.00 14,372.00
2017-06-30 57,996.00 1,619.00 12,421.00
2017-03-31 57,816.00 1,775.00 12,642.00
2016-12-31 58,179.00 1,964.00 12,242.00
2016-09-30 56,679.00 2,044.00 11,085.00
2016-06-30 56,974.00 2,236.00 10,973.00
2016-03-31 58,410.00 2,547.00 11,370.00
2015-12-31 59,486.00 2,668.00 11,627.00
2015-09-30 60,106.00 3,036.00 10,966.00
2015-06-30 61,035.00 3,404.00 10,466.00
2015-03-31 60,272.00 4,237.00 10,075.00
2014-12-31 60,917.00 4,991.00 11,665.00
2013-12-31 58,550.00 7,711.00 8,497.00
2013-08-31 57,308.00 8,372.00 7,467.00
2013-05-31 56,964.00 8,437.00 7,209.00
  • Toyo Tanso's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (8.2% vs 0.4% today).
  • Debt is well covered by operating cash flow (1745.4%, greater than 20% of total debt).
  • Toyo Tanso earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Toyo Tanso's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Toyo Tanso has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Toyo Tanso's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.57%
Current annual income from Toyo Tanso dividends. Estimated to be 3.69% next year.
If you bought €2,000 of Toyo Tanso shares you are expected to receive €71 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Toyo Tanso's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • Toyo Tanso's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:T9T Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:T9T Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 55.00 2.00
2021-12-31 50.00 2.00
2020-12-31 50.00 2.00
2020-03-31
DB:T9T Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-20 50.000 2.388
2018-03-30 40.000 1.374
2018-02-14 40.000 1.116
2017-11-13 30.000 0.846
2017-03-31 25.000 1.173
2017-02-14 25.000 1.306
2016-03-31 25.000 1.671
2016-02-12 25.000 1.691
2015-05-14 25.000 1.398
2015-03-27 25.000 1.085
2015-02-13 25.000 1.091
2014-11-13 22.000 1.125
2014-08-11 22.000 1.012
2014-05-14 22.000 0.947
2014-03-31 11.500 0.474
2014-02-14 22.000 1.024
2013-10-10 11.500 0.582
2013-08-30 20.000 1.131
2013-07-12 20.000 1.198
2013-01-11 20.000 0.969
2012-08-31 25.000 1.511
2012-07-13 25.000 1.160
2012-04-12 25.000 0.988
2012-01-12 25.000 0.793
2011-10-13 25.000 0.714
2011-08-31 25.000 0.780
2011-07-15 25.000 0.679
2011-04-12 22.000 0.511
2011-01-13 22.000 0.501
2010-10-13 22.000 0.467
2010-08-30 22.000 0.519
2010-07-15 22.000 0.517
2010-04-13 20.000 0.457
2009-08-31 20.000 0.428
2009-07-15 20.000 0.425
2009-04-13 20.000 0.525

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Toyo Tanso's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Toyo Tanso's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Toyo Tanso afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Toyo Tanso has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Toyo Tanso's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Takashi Konishi
AGE 59
TENURE AS CEO 4 years
CEO Bio

Mr. Takashi Konishi has been President of Toyo Tanso Co., Ltd. since March 2016. Mr. Konishi has been Head of Manufacturing at Toyo Tanso Co., Ltd. since March 2017. Mr. Konishi served as a General Manager of Materials Manufacturing Division and Manager of Materials Manufacturing Department at Toyo Tanso Co., Ltd. since August 2010. He served as Executive Officer of Toyo Tanso Co., Ltd since May 2008. He joined Toyo Tanso Co., Ltd. in February 1985 and served as its Manager, Quality Assurance Department since June 2006 and also served as its Chief, Nuclear Power Office. He joined Nippon Yakin Kogyo Co., Ltd. in 1983. He has been a Director of Toyo Tanso Co. Ltd. since September 2009.

CEO Compensation
  • Insufficient data for Takashi to compare compensation growth.
  • Insufficient data for Takashi to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Toyo Tanso management team in years:

4
Average Tenure
57
Average Age
  • The tenure for the Toyo Tanso management team is about average.
Management Team

Takashi Konishi

TITLE
President
AGE
59
TENURE
4 yrs

Naruto Ishihata

TITLE
Executive Officer
AGE
57
TENURE
4 yrs

Masashi Shimada

TITLE
Exec. Officer

Hiroki Tsutsumi

TITLE
Executive Officer
AGE
57

Guobin Zhan

TITLE
Executive Officer
AGE
57
TENURE
3 yrs

Makoto Kitabatake

TITLE
Exec. Officer
AGE
63

Ohira Matsumoto

TITLE
Executive Officer & Head of Overall Business

Takahiro Morishita

TITLE
Executive Officer

Manabu Takata

TITLE
Executive Officer & Manager of Planning Department

Akira Sasaki

TITLE
Executive Officer & GM - Global Sales
Board of Directors Tenure

Average tenure and age of the Toyo Tanso board of directors in years:

9
Average Tenure
57
Average Age
  • The tenure for the Toyo Tanso board of directors is about average.
Board of Directors

Naruto Ishihata

TITLE
Executive Officer
AGE
57

Hiroki Tsutsumi

TITLE
Executive Officer
AGE
57

Guobin Zhan

TITLE
Executive Officer
AGE
57
TENURE
7.6 yrs

Syogo Yamada

TITLE
External Director
AGE
53

Takashi Konishi

TITLE
President
AGE
59
TENURE
10.4 yrs

Takashi Iwamoto

TITLE
External Director
AGE
70

Yasuo Yamagata

TITLE
External Director
AGE
48

Yoichi Tanabe

TITLE
External Auditor
AGE
50
TENURE
13.6 yrs

Kazuhiro Maekawa

TITLE
Standing Corporate Auditor
AGE
65
TENURE
6 yrs

Koichiro Tanaka

TITLE
External Auditor
AGE
54
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Toyo Tanso's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Toyo Tanso has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Toyo Tanso Co., Ltd. produces and sells various carbon products in Japan and internationally. The company provides isotropic graphite products for use in semi-conductor, mold, renewable energy, and atomic power industries; carbon-carbon composite materials for use in general industries, as well as in technological fields, such as aerospace and semiconductor manufacture; and PERMA-FOIL, a flexible graphite sheet that is used as a seal to note automotive gaskets and packing. It also offers mechanical carbon for sliding parts in high temperature environments, for submersion in chemicals, and in fields where lubricated parts cannot be used, as well as copper-impregnated carbon materials for a pantograph slider; carbon brushes for home appliances and power tools; PERMA KOTE, a SiC coated graphite for use in the semiconductor manufacturing industry; PYROGRAPH, a high purity graphite product; and GLASTIX KOTE, a graphite substrate impregnated or coated with glass-like carbon. In addition, the company provides CNovel, a porous carbon; EVEREDKOTE-B, a high-purity isotropic graphite substrate; TaC/Ta Composite EVEREDKOTE-K, a high-purity tantalum; KLASTA MATE, a metal–carbon composite; MetalizeKote metal carbide-coated graphite; and CARBOCELL, a ceramic composite. Further, it offers technical services, such as machining, heat treatment, high purity treatment, surface treatment, impregnation, forming, and measurement. The company was formerly known as Kondo Carbon Manufacturing Co., Ltd. and changed its name to Toyo Tanso Co., Ltd. in November 1949. Toyo Tanso Co., Ltd. was founded in 1941 and is headquartered in Osaka, Japan.

Details
Name: Toyo Tanso Co., Ltd.
T9T
Exchange: DB
Founded: 1941
¥248,138,767
20,972,773
Website: http://www.toyotanso.co.jp
Address: Toyo Tanso Co., Ltd.
5-7-12 Takeshima,
Nishiyodogawa-ku,
Osaka,
555-0011,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5310 Common Stock The Tokyo Stock Exchange JP JPY 29. Mar 2006
DB T9T Common Stock Deutsche Boerse AG DE EUR 29. Mar 2006
Number of employees
Current staff
Staff numbers
1,678
Toyo Tanso employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:36
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/05
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.