Loading...

We've got a brand new version of Simply Wall St! Try it out

Sojitz

DB:XEB
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XEB
DB
¥431B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Sojitz Corporation operates as a general trading company worldwide. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
XEB Share Price and Events
7 Day Returns
-3.4%
DB:XEB
7%
DE Trade Distributors
0.8%
DE Market
1 Year Returns
-11%
DB:XEB
6.9%
DE Trade Distributors
9%
DE Market
XEB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sojitz (XEB) -3.4% 5.2% 6% -11% 21.3% 149.1%
DE Trade Distributors 7% 8.4% 16.8% 6.9% -1.2% 8.4%
DE Market 0.8% 6.3% 14.4% 9% 14.5% 21.8%
1 Year Return vs Industry and Market
  • XEB underperformed the Trade Distributors industry which returned 6.9% over the past year.
  • XEB underperformed the Market in Germany which returned 9% over the past year.
Price Volatility
XEB
Industry
5yr Volatility vs Market
Related Companies

XEB Value

 Is Sojitz 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 Sojitz 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 Sojitz.

DB:XEB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:XEB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.951 (1 + (1- 30.86%) (219.87%))
1.935
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.935 * 5.96%)
11.76%

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

The calculations below outline how an intrinsic value for Sojitz 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:XEB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 11.76%)
2020 39,000.00 Analyst x3 34,895.48
2021 34,000.00 Analyst x3 27,219.99
2022 31,333.33 Analyst x3 22,445.03
2023 42,000.00 Analyst x1 26,919.53
2024 42,000.00 Analyst x1 24,086.41
2025 42,028.73 Est @ 0.07% 21,566.19
2026 42,077.60 Est @ 0.12% 19,318.92
2027 42,140.63 Est @ 0.15% 17,311.61
2028 42,213.64 Est @ 0.17% 15,516.50
2029 42,293.71 Est @ 0.19% 13,909.81
Present value of next 10 years cash flows ¥223,189.00
DB:XEB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥42,293.71 × (1 + 0.23%) ÷ (11.76% – 0.23%)
¥367,512.74
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥367,512.74 ÷ (1 + 11.76%)10
¥120,869.80
DB:XEB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥223,189.00 + ¥120,869.80
¥344,058.80
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥344,058.80 / 1,249.30
¥275.4
DB:XEB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:XEB represents 0.00823x of TSE:2768
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00823x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 275.40 x 0.00823
€2.27
Value per share (EUR) From above. €2.27
Current discount Discount to share price of €2.84
= -1 x (€2.84 - €2.27) / €2.27
-25.3%

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

  • The current share price of Sojitz is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Sojitz's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sojitz's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:XEB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥49.97
TSE:2768 Share Price ** TSE (2019-11-13) in JPY ¥345
Germany Trade Distributors Industry PE Ratio Median Figure of 7 Publicly-Listed Trade Distributors Companies 16.14x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 19.89x

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

** Primary Listing of Sojitz.

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

= TSE:2768 Share Price ÷ EPS (both in JPY)

= 345 ÷ 49.97

6.9x

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

  • Sojitz is good value based on earnings compared to the DE Trade Distributors industry average.
  • Sojitz is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sojitz's expected growth come at a high price?
Raw Data
DB:XEB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
2%per year
Europe Trade Distributors Industry PEG Ratio Median Figure of 32 Publicly-Listed Trade Distributors Companies 1.82x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.9x ÷ 2%

3.44x

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

  • Sojitz is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sojitz's assets?
Raw Data
DB:XEB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥478.04
TSE:2768 Share Price * TSE (2019-11-13) in JPY ¥345
Germany Trade Distributors Industry PB Ratio Median Figure of 10 Publicly-Listed Trade Distributors Companies 1.19x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:XEB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2768 Share Price ÷ Book Value per Share (both in JPY)

= 345 ÷ 478.04

0.72x

* Primary Listing of Sojitz.

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

  • Sojitz is good value based on assets compared to the DE Trade Distributors industry average.
X
Value checks
We assess Sojitz'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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Sojitz has a total score of 3/6, 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.

XEB Future Performance

 How is Sojitz expected to perform in the next 1 to 3 years based on estimates from 4 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
2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sojitz expected to grow at an attractive rate?
  • Sojitz's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sojitz's earnings growth is positive but not above the Germany market average.
  • Sojitz's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:XEB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:XEB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 2%
DB:XEB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.4%
Germany Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 13.6%
Europe Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:XEB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:XEB Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 1,900,000 92,000 69,000 1
2023-03-31 1,900,000 92,000 69,000 1
2022-03-31 1,934,667 83,018 76,125 3
2021-03-31 1,874,667 85,685 71,750 3
2020-03-31 1,826,333 88,840 68,875 3
2019-11-13
DB:XEB Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 1,808,238 106,167 62,429
2019-06-30 1,825,706 201,102 64,918
2019-03-31 1,856,190 96,476 70,419
2018-12-31 87,735 178,417 65,784
2018-09-30 713,927 166,277 66,748
2018-06-30 1,283,672 30,403 61,986
2018-03-31 1,816,459 98,812 56,842
2017-12-31 1,945,407 -95,137 55,447
2017-09-30 1,822,990 -55,340 52,642
2017-06-30 1,659,755 -68,324 46,955
2017-03-31 1,555,349 857 40,760
2016-12-31 1,382,921 36,368 34,400

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sojitz's earnings are expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
  • Sojitz's revenue is expected to grow by 1.4% 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:XEB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Sojitz Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XEB Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 55.00 55.00 55.00 1.00
2023-03-31 55.00 55.00 55.00 1.00
2022-03-31 60.92 62.84 56.00 4.00
2021-03-31 57.31 59.64 54.00 4.00
2020-03-31 55.01 56.40 54.00 4.00
2019-11-13
DB:XEB Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 49.97
2019-06-30 51.96
2019-03-31 56.34
2018-12-31 52.62
2018-09-30 53.37
2018-06-30 49.55
2018-03-31 45.44
2017-12-31 44.32
2017-09-30 42.08
2017-06-30 37.53
2017-03-31 32.58
2016-12-31 27.50

*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.
  • Sojitz is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sojitz'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 Europe 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.
Sojitz has a total score of 1/6, 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.

XEB Past Performance

  How has Sojitz 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 Sojitz's growth in the last year to its industry (Trade Distributors).
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.
  • Sojitz's year on year earnings growth rate has been positive over the past 5 years.
  • Sojitz's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sojitz's 1-year earnings growth is negative, it can't be compared to the DE Trade Distributors industry average.
Earnings and Revenue History
Sojitz'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 Sojitz Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:XEB Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,808,238.00 62,429.00 173,409.00
2019-06-30 1,825,706.00 64,918.00 166,916.00
2019-03-31 1,856,190.00 70,419.00 166,821.00
2018-12-31 87,735.00 65,784.00 171,543.00
2018-09-30 713,927.00 66,748.00 169,790.00
2018-06-30 1,283,672.00 61,986.00 166,934.00
2018-03-31 1,816,459.00 56,842.00 162,662.00
2017-12-31 1,945,407.00 55,447.00 160,321.00
2017-09-30 1,822,990.00 52,642.00 156,960.00
2017-06-30 1,659,755.00 46,955.00 153,806.00
2017-03-31 1,555,349.00 40,760.00 153,038.00
2016-12-31 1,382,921.00 34,400.00 150,635.00
2016-09-30 1,418,839.00 31,273.00 152,146.00
2016-06-30 1,524,272.00 34,348.00 153,395.00
2016-03-31 1,658,072.00 36,526.00 154,416.00
2015-12-31 1,820,584.00 38,077.00 148,600.00
2015-09-30 1,880,772.00 36,951.00 149,956.00
2015-06-30 1,892,930.00 34,782.00 150,451.00
2015-03-31 1,809,701.00 33,075.00 149,739.00
2014-12-31 1,754,440.00 33,601.00 150,848.00
2014-09-30 1,745,782.00 29,992.00 151,635.00
2014-06-30 1,742,544.00 28,197.00 151,606.00
2014-03-31 1,803,104.00 27,250.00 151,628.00
2013-12-31 1,861,834.00 23,265.00 151,385.00
2013-09-30 1,797,338.00 24,427.00 149,709.00
2013-06-30 3,961,734.00 20,557.00 157,262.00
2013-03-31 1,747,750.00 13,448.00 151,091.00
2012-12-31 4,141,804.00 20,847.00 151,277.00

*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.
  • Sojitz has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sojitz used its assets more efficiently than the DE Trade Distributors industry average last year based on Return on Assets.
  • Sojitz has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sojitz'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 Trade Distributors 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.
Sojitz has a total score of 3/6, 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.

XEB Health

 How is Sojitz'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 Sojitz's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sojitz is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sojitz's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sojitz'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 1.4x 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 Sojitz Company Filings, last reported 1 month ago.

DB:XEB Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 640,062.00 864,968.00 302,510.00
2019-06-30 645,616.00 904,973.00 291,572.00
2019-03-31 661,607.00 885,880.00 288,609.00
2018-12-31 641,487.00 947,606.00 288,129.00
2018-09-30 659,942.00 910,621.00 308,936.00
2018-06-30 629,938.00 1,014,688.00 281,458.00
2018-03-31 625,123.00 911,479.00 308,029.00
2017-12-31 635,211.00 1,089,049.00 311,029.00
2017-09-30 611,663.00 986,956.00 315,864.00
2017-06-30 592,459.00 967,905.00 305,627.00
2017-03-31 577,970.00 925,367.00 314,360.00
2016-12-31 562,372.00 901,817.00 318,391.00
2016-09-30 502,800.00 875,668.00 307,955.00
2016-06-30 505,309.00 900,316.00 339,904.00
2016-03-31 549,716.00 922,698.00 351,071.00
2015-12-31 583,261.00 931,254.00 342,335.00
2015-09-30 580,588.00 970,460.00 368,719.00
2015-06-30 599,184.00 1,047,808.00 403,736.00
2015-03-31 590,655.00 1,038,769.00 409,212.00
2014-12-31 592,653.00 1,031,679.00 420,562.00
2014-09-30 539,751.00 1,074,018.00 422,980.00
2014-06-30 499,419.00 1,073,547.00 411,464.00
2014-03-31 492,958.00 1,065,276.00 425,020.00
2013-12-31 493,677.00 1,084,932.00 437,249.00
2013-09-30 459,118.00 1,064,135.00 438,709.00
2013-06-30 437,692.00 1,077,135.00 450,016.00
2013-03-31 411,298.00 1,077,007.00 433,684.00
2012-12-31 345,749.00 1,041,739.00 420,024.00
  • Sojitz's level of debt (135.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (198.7% vs 135.1% today).
  • Debt is not well covered by operating cash flow (12.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 15.2x coverage).
X
Financial health checks
We assess Sojitz'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. Sojitz has a total score of 4/6, 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.

XEB Dividends

 What is Sojitz'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
4.93%
Current annual income from Sojitz dividends. Estimated to be 5.17% next year.
If you bought €2,000 of Sojitz shares you are expected to receive €99 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?
  • Sojitz's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.39%).
  • Sojitz's dividend is above the markets top 25% of dividend payers in Germany (3.64%).
Upcoming dividend payment

Purchase Sojitz before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:XEB 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 4 Analyst Estimates (S&P Global) See Below
Germany Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 2.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:XEB Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 17.00 1.00
2023-03-31 17.00 1.00
2022-03-31 18.75 4.00
2021-03-31 17.88 4.00
2020-03-31 17.25 4.00
2019-11-13
DB:XEB Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-20 17.000 5.019
2019-05-08 17.000 4.818
2019-02-13 19.000 4.789
2019-02-05 19.000 4.576
2018-11-12 15.000 3.721
2018-11-01 15.000 3.690
2018-08-01 15.000 3.816
2018-05-01 15.000 3.707
2018-02-09 10.000 2.918
2017-11-10 10.000 2.941
2017-11-02 10.000 3.028
2017-08-25 10.000 3.230
2017-05-01 10.000 3.599
2017-02-10 8.000 2.818
2017-02-03 8.000 2.778
2016-11-02 8.000 2.778
2016-05-09 8.000 3.204
2016-02-10 8.000 3.531
2016-02-03 8.000 3.529
2015-11-12 8.000 3.111
2015-11-05 8.000 2.893
2015-08-31 8.000 3.239
2015-05-07 8.000 2.789
2015-02-13 5.000 2.523
2015-02-05 5.000 2.975
2014-11-13 5.000 3.054
2014-11-05 5.000 2.939
2014-09-02 5.000 2.986
2014-05-08 5.000 2.912
2014-02-13 4.000 2.315
2014-02-07 4.000 2.222
2013-11-13 4.000 2.150
2013-11-06 4.000 2.133
2013-08-06 4.000 2.133
2013-05-08 4.000 2.297
2013-02-13 3.000 2.043
2013-02-05 3.000 2.079
2012-11-13 3.000 2.540
2012-11-02 3.000 3.036
2012-08-02 3.000 2.865
2012-06-26 3.000 2.423
2012-05-08 3.000 2.447
2012-02-10 3.000 2.080
2012-02-01 3.000 2.203
2011-11-11 3.000 2.438
2011-11-01 3.000 2.281
2011-07-29 3.000 2.161
2011-06-23 3.000 1.976
2011-04-28 3.000 2.074
2011-02-10 3.000 1.786
2011-01-31 3.000 1.605
2010-11-12 3.000 1.740
2010-10-29 3.000 2.017
2010-07-30 3.000 2.084
2010-06-22 3.000 2.116
2010-04-30 3.000 1.966
2009-10-29 5.000 2.977
2009-07-31 5.000 2.667
2009-04-30 5.000 2.543
2009-02-13 9.000 7.173
2009-01-30 9.000 6.788

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 Sojitz'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 Sojitz's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Sojitz afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sojitz has a total score of 4/6, see the detailed checks below.


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

XEB Management

 What is the CEO of Sojitz'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
Masayoshi Fujimoto
AGE 61
TENURE AS CEO 2.4 years
CEO Bio

Mr. Masayoshi Fujimoto has been President, CEO & Representative Director at Sojitz Corporation since June 2017. He served as Senior Managing Executive Officer Assigned to Corporate Planning, Strategic Investment, Investor Relations, Public Relations, Logistics & Insurance at Sojitz Corp. since April 2016 until June 2017. He served as Managing Executive Officer Assigned to Corporate Planning, Investor Relations, Public Relations at Sojitz Corp. since October 2015, Executive Officer Assigned to Corporate Planning, Investor Relations since April 2015, Corporate Officer and Senior General Manager of Corporate Planning since October 2014. He served as Regional General Manager of Machinery Division - Americas at Sojitz Corporation of America since August 2012. He served as Director and President at MMC Automotriz S.A. since December 2008. He served as General Manager of Automotive Department 3 at Sojitz Corp. since April 2005. He served as a Director and Vice President at Toyota Motor Poland Company since April 1996. He has abundant experience. He joined Nissho Iwai Corporation in April 1981.

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

Average tenure and age of the Sojitz management team in years:

2.4
Average Tenure
60
Average Age
  • The tenure for the Sojitz management team is about average.
Management Team

Masayoshi Fujimoto

TITLE
President
AGE
61
TENURE
2.4 yrs

Seiichi Tanaka

TITLE
Executive VP
AGE
59
TENURE
3.6 yrs

Shigeru Nishihara

TITLE
Senior Managing Executive Officer
AGE
57
TENURE
0.6 yrs

Yoshiki Manabe

TITLE
Executive Officer and COO of General Accounting

Tatsuya Morita

TITLE
Executive Officer

Masaaki Kushibiki

TITLE
Managing Executive Officer and COO of Human Resources Dept.

Masao Goto

TITLE
Managing Executive Officer & GM of Kansai Office
AGE
84

Tsutomu Tanaka

TITLE
Senior Managing Executive Officer

Yasushi Nishimura

TITLE
Managing Executive Officer

Koichi Yamaguchi

TITLE
Managing Executive Officer and COO of Aerospace & Transportation Project Division
Board of Directors Tenure

Average tenure and age of the Sojitz board of directors in years:

2.4
Average Tenure
67.5
Average Age
  • The average tenure for the Sojitz board of directors is less than 3 years, this suggests a new board.
Board of Directors

Takashi Hara

TITLE
Chairman of the Board
AGE
68
TENURE
0.4 yrs

Masayoshi Fujimoto

TITLE
President
AGE
61
TENURE
2.4 yrs

Seiichi Tanaka

TITLE
Executive VP
AGE
59
TENURE
2.4 yrs

Shigeru Nishihara

TITLE
Senior Managing Executive Officer
AGE
57
TENURE
1.4 yrs

Kayoko Naito

TITLE
Independent Outside Director
AGE
70
TENURE
1.4 yrs

Norio Otsuka

TITLE
Independent Outside Director
AGE
69
TENURE
1.4 yrs

Junichi Hamatsuka

TITLE
Audit & Supervisory Board Member
TENURE
3.4 yrs

Takayuki Ishige

TITLE
Audit & Supervisory Board Member
TENURE
8.4 yrs

Mikinao Kitada

TITLE
Outside Audit & Supervisory Board Member
AGE
67
TENURE
3.4 yrs

Kazunori Yagi

TITLE
Outside Audit & Supervisory Board Member
AGE
70
TENURE
2.4 yrs
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 Sojitz'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. Sojitz 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.

XEB News

Simply Wall St News

XEB Company Info

Description

Sojitz Corporation operates as a general trading company worldwide. The company manufactures and distributes automotive parts; imports, assembles, and distributes parts; and financing business. It also offers aircraft leasing/part-out; engineering, procurement, and construction; cargo transport infrastructure; sales representation for commercial/defense; business jet; airport management; and railcar maintenance, repair, and overhaul services. In addition, the company engages in the industrial machinery and bearings; bearing trading; medical infrastructure; surface mounter sales; and plant project businesses. Further, it constructs, operates, and generates solar power, wind power, biomass, and gas fired power; LNG plant; and LNG receiving and regasification terminals, as well as constructs network for telecommunication carriers; and data centers. Additionally, the company mines and smelts coal, niobium, chromium, nickel, copper, and alumina; sells, processes, and distributes steel products; trades and sells carbon products; 3D metal printing; and manufactures and sells exfoliated vermiculite, and fertilizers. It also trades in ferrous materials, thermal coal, non-ferrous and precious metals, and industrial minerals and steel production materials; methanol, plastic resins, industrial salts, C5 and petroleum resins, and rare earths; and raw materials for livestock feed. In addition, the company sells raw food materials and food products; refines sugar; confectionery; mills flour; packaged bread business; and tuna. Further, it offers food retail; manages shopping centers; produces and packs meat; produces woodchip; distributes building materials; sells textiles; and distributes brand and consumer goods. The company also develops, administers, and manages industrial park; develops condominiums, offices, shopping centers, and urban infrastructure; and offers daycare and after-school care services. The company was founded in 2003 and is headquartered in Tokyo, Japan.

Details
Name: Sojitz Corporation
XEB
Exchange: DB
Founded: 2003
¥3,600,610,801
1,249,297,201
Website: http://www.sojitz.com
Address: Sojitz Corporation
1-1, Uchisaiwaicho 2-chome,
Chiyoda-ku,
Tokyo,
100-8691,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2768 Common Stock The Tokyo Stock Exchange JP JPY 01. Apr 2003
OTCPK SZHF.F Common Stock Pink Sheets LLC US USD 01. Apr 2003
DB XEB Common Stock Deutsche Boerse AG DE EUR 01. Apr 2003
Number of employees
Current staff
Staff numbers
18,634
Sojitz employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/13 20:59
End of day share price update: 2019/11/13 00:00
Last estimates confirmation: 2019/11/01
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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.