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HASEKO

DB:HS6
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HS6
DB
¥427B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

HASEKO Corporation gathers land information, plans, designs, constructs, sells, renovates, and rents condominiums in Japan and internationally. The last earnings update was 6 days ago. More info.


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HS6 Share Price and Events
7 Day Returns
0.9%
DB:HS6
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
18.1%
DB:HS6
2.9%
DE Consumer Durables
8.8%
DE Market
HS6 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HASEKO (HS6) 0.9% 9.3% 29.3% 18.1% 29.5% 104.7%
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • HS6 outperformed the Consumer Durables industry which returned 2.9% over the past year.
  • HS6 outperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
HS6
Industry
5yr Volatility vs Market

HS6 Value

 Is HASEKO 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 HASEKO 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 HASEKO.

DB:HS6 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
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:HS6
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 30.86%) (31.86%))
0.996
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.996 * 5.96%)
6.16%

Discounted Cash Flow Calculation for DB:HS6 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HASEKO 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:HS6 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.16%)
2020 47,566.75 Analyst x4 44,804.99
2021 44,465.60 Analyst x5 39,452.09
2022 34,053.20 Analyst x5 28,459.47
2023 28,256.67 Est @ -17.02% 22,244.00
2024 24,909.11 Est @ -11.85% 18,470.26
2025 22,860.46 Est @ -8.22% 15,966.98
2026 21,559.99 Est @ -5.69% 14,184.34
2027 20,716.19 Est @ -3.91% 12,837.89
2028 20,162.82 Est @ -2.67% 11,769.49
2029 19,799.60 Est @ -1.8% 10,886.44
Present value of next 10 years cash flows ¥219,075.00
DB:HS6 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥19,799.60 × (1 + 0.23%) ÷ (6.16% – 0.23%)
¥334,314.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥334,314.76 ÷ (1 + 6.16%)10
¥183,816.75
DB:HS6 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥219,075.00 + ¥183,816.75
¥402,891.75
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥402,891.75 / 297.42
¥1354.62
DB:HS6 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:HS6 represents 0.00814x of TSE:1808
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00814x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,354.62 x 0.00814
€11.03
Value per share (EUR) From above. €11.03
Current discount Discount to share price of €11.70
= -1 x (€11.70 - €11.03) / €11.03
-6.1%

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

  • The current share price of HASEKO 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 HASEKO's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HASEKO's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:HS6 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥239.35
TSE:1808 Share Price ** TSE (2019-11-14) in JPY ¥1437
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

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

** Primary Listing of HASEKO.

DB:HS6 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:1808 Share Price ÷ EPS (both in JPY)

= 1437 ÷ 239.35

6x

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

  • HASEKO is good value based on earnings compared to the DE Consumer Durables industry average.
  • HASEKO is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does HASEKO's expected growth come at a high price?
Raw Data
DB:HS6 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-8.8%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

DB:HS6 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6x ÷ -8.8%

-0.68x

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

  • HASEKO earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HASEKO's assets?
Raw Data
DB:HS6 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,258.15
TSE:1808 Share Price * TSE (2019-11-14) in JPY ¥1437
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:HS6 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:1808 Share Price ÷ Book Value per Share (both in JPY)

= 1437 ÷ 1,258.15

1.14x

* Primary Listing of HASEKO.

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

  • HASEKO is good value based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess HASEKO'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. HASEKO 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.

HS6 Future Performance

 How is HASEKO expected to perform in the next 1 to 3 years based on estimates from 7 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
-8.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HASEKO expected to grow at an attractive rate?
  • HASEKO's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • HASEKO's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • HASEKO's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:HS6 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:HS6 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -8.8%
DB:HS6 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts -1.6%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
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:HS6 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:HS6 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 800,400 42,500 2
2023-03-31 815,850 45,500 2
2022-03-31 855,607 62,533 54,172 7
2021-03-31 862,187 64,005 58,028 7
2020-03-31 862,200 76,929 61,564 7
2019-11-14
DB:HS6 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 864,125 35,842 71,183
2019-06-30 859,592 82,904
2019-03-31 890,981 33,064 87,391
2018-12-31 888,503 89,989
2018-09-30 864,946 25,322 86,633
2018-06-30 852,009 75,717
2018-03-31 813,276 56,516 72,289
2017-12-31 823,268 82,449 63,463
2017-09-30 817,028 104,686 65,924
2017-06-30 785,192 105,250 61,821
2017-03-31 772,328 109,536 58,762
2016-12-31 766,497 82,461 51,774

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HASEKO's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • HASEKO's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:HS6 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 7 Analyst Estimates (S&P Global) See Below

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

DB:HS6 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 142.90 142.90 142.90 1.00
2023-03-31 153.00 153.00 153.00 1.00
2022-03-31 182.15 213.50 148.00 7.00
2021-03-31 195.10 211.80 178.20 7.00
2020-03-31 204.28 205.10 201.80 4.00
2019-11-14
DB:HS6 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 239.35
2019-06-30 278.77
2019-03-31 293.87
2018-12-31 302.61
2018-09-30 291.33
2018-06-30 254.14
2018-03-31 241.98
2017-12-31 211.87
2017-09-30 219.49
2017-06-30 205.66
2017-03-31 195.48
2016-12-31 172.23

*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.
  • HASEKO is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess HASEKO'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.
HASEKO has a total score of 0/6, 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.

HS6 Past Performance

  How has HASEKO 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 HASEKO's growth in the last year to its industry (Consumer Durables).
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.
  • HASEKO has delivered over 20% year on year earnings growth in the past 5 years.
  • HASEKO's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • HASEKO's 1-year earnings growth is negative, it can't be compared to the DE Consumer Durables industry average.
Earnings and Revenue History
HASEKO'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 HASEKO Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:HS6 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 864,125.00 71,183.00 55,138.00
2019-06-30 859,592.00 82,904.00 56,543.00
2019-03-31 890,981.00 87,391.00 55,480.00
2018-12-31 888,503.00 89,989.00 57,852.00
2018-09-30 864,946.00 86,633.00 57,831.00
2018-06-30 852,009.00 75,717.00 55,179.00
2018-03-31 813,276.00 72,289.00 54,836.00
2017-12-31 823,268.00 63,463.00 52,140.00
2017-09-30 817,028.00 65,924.00 50,200.00
2017-06-30 785,192.00 61,821.00 48,819.00
2017-03-31 772,328.00 58,762.00 50,074.00
2016-12-31 766,497.00 51,774.00 48,385.00
2016-09-30 778,331.00 56,145.00 47,323.00
2016-06-30 792,419.00 53,249.00 45,943.00
2016-03-31 787,354.00 51,226.00 41,940.00
2015-12-31 730,794.00 51,852.00 41,099.00
2015-09-30 705,729.00 38,488.00 39,206.00
2015-06-30 678,492.00 33,039.00 37,614.00
2015-03-31 642,167.00 28,451.00 35,572.00
2014-12-31 653,257.00 22,964.00 34,652.00
2014-09-30 613,606.00 28,135.00 33,739.00
2014-06-30 595,177.00 26,252.00 32,343.00
2014-03-31 587,571.00 24,460.00 31,902.00
2013-12-31 552,047.00 21,351.00 30,331.00
2013-09-30 579,655.00 13,153.00 29,718.00
2013-06-30 571,204.00 13,424.00 29,451.00
2013-03-31 558,919.00 12,541.00 28,479.00
2012-12-31 548,269.00 14,169.00 28,054.00

*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.
  • HASEKO has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HASEKO used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.
  • HASEKO's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HASEKO'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 Consumer Durables 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.
HASEKO 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.

HS6 Health

 How is HASEKO'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 HASEKO's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HASEKO is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HASEKO's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HASEKO'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 4.3x 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 HASEKO Company Filings, last reported 1 month ago.

DB:HS6 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 375,270.00 136,187.00 161,880.00
2019-06-30 357,871.00 116,477.00 116,604.00
2019-03-31 368,051.00 120,404.00 215,174.00
2018-12-31 344,574.00 136,892.00 161,225.00
2018-09-30 330,603.00 122,319.00 177,773.00
2018-06-30 300,558.00 125,834.00 156,904.00
2018-03-31 296,836.00 116,665.00 211,895.00
2017-12-31 269,411.00 126,403.00 176,742.00
2017-09-30 257,459.00 136,773.00 193,756.00
2017-06-30 243,000.00 142,456.00 184,663.00
2017-03-31 238,467.00 133,264.00 205,123.00
2016-12-31 217,497.00 144,463.00 150,400.00
2016-09-30 200,534.00 154,345.00 134,844.00
2016-06-30 188,762.00 164,697.00 124,797.00
2016-03-31 185,375.00 167,316.00 152,752.00
2015-12-31 180,275.00 182,328.00 123,469.00
2015-09-30 160,873.00 131,374.00 107,101.00
2015-06-30 149,605.00 144,946.00 104,927.00
2015-03-31 144,088.00 123,170.00 134,187.00
2014-12-31 124,534.00 136,700.00 129,925.00
2014-09-30 114,603.00 138,565.00 109,199.00
2014-06-30 124,366.00 141,633.00 127,912.00
2014-03-31 119,472.00 145,225.00 138,382.00
2013-12-31 126,899.00 177,816.00 120,635.00
2013-09-30 114,585.00 182,406.00 92,136.00
2013-06-30 118,250.00 178,533.00 107,887.00
2013-03-31 113,805.00 181,844.00 118,589.00
2012-12-31 107,374.00 188,219.00 86,339.00
  • HASEKO's level of debt (34%) 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 (120.8% vs 34% today).
  • Debt is well covered by operating cash flow (28.1%, greater than 20% of total debt).
  • HASEKO earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess HASEKO'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. HASEKO 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.

HS6 Dividends

 What is HASEKO'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
4.18%
Current annual income from HASEKO dividends. Estimated to be 4.06% next year.
If you bought €2,000 of HASEKO shares you are expected to receive €84 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?
  • HASEKO's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.38%).
  • HASEKO's dividend is above the markets top 25% of dividend payers in Germany (3.68%).
Upcoming dividend payment

Purchase HASEKO 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:HS6 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 7 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:HS6 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 50.00 1.00
2023-03-31 50.00 1.00
2022-03-31 57.71 7.00
2021-03-31 59.57 7.00
2020-03-31 60.00 7.00
2019-11-14
DB:HS6 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 60.000 4.940
2019-05-10 60.000 5.377
2019-02-08 50.000 3.635
2018-11-09 50.000 3.998
2018-06-28 50.000 3.449
2018-05-11 50.000 3.101
2018-02-09 20.000 1.246
2017-11-10 20.000 1.143
2017-06-30 40.000 2.774
2017-05-12 40.000 2.808
2016-06-24 15.000 1.340
2016-05-13 15.000 1.327
2015-06-26 10.000 0.806
2015-05-13 10.000 0.702
2014-06-27 10.000 1.077
2014-05-14 10.000 1.314
2014-02-13 3.000 0.453
2010-02-12 0.000 0.000
2009-11-13 0.000 0.000
2009-11-12 0.000 0.000
2009-08-11 0.000 0.000
2009-08-06 0.000 0.000
2009-06-26 0.000 0.000
2009-05-19 0.000 0.000
2009-05-14 0.000 0.000

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

  • HASEKO has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but HASEKO only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of HASEKO's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (23.9x 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 HASEKO's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 HASEKO afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HASEKO 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.

HS6 Management

 What is the CEO of HASEKO'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
Noriaki Tsuji
AGE 67
TENURE AS CEO 5.6 years
CEO Bio

Noriaki Tsuji has been the President of HASEKO Corporation since April 2014. Noriaki Tsuji served as Advisor and Assistant Manager of 1st Business Department of HASEKO Corporation since July 1998. Noriaki Tsuji served as Managing Director and Executive Operating Officer of HASEKO Corporation since April 2003 and April 2005 respectively. Noriaki Tsuji has been Representative Director of HASEKO Corporation since April 2014.

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

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

5.6
Average Tenure
66.5
Average Age
  • The average tenure for the HASEKO management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Noriaki Tsuji

TITLE
President & Representative Director
AGE
67
TENURE
5.6 yrs

Shosuke Muratsuka

TITLE
Executive VP & Representative Director
AGE
66

Yutaka Okada

TITLE
Senior Operating Officer

Junichi Tani

TITLE
Executive Operating Officer & Director
AGE
61
TENURE
11.6 yrs

Yoshinori Haraguchi

TITLE
Executive Operating Officer

Masaaki Matsuoka

TITLE
Senior Operating Officer

Yoshiaki Yamada

TITLE
Senior Operating Officer
AGE
70

Toshiyuki Murakawa

TITLE
Senior Operating Officer & Director

Misato Yamamoto

TITLE
Senior Operating Officer
TENURE
0.8 yrs

Masahito Koizumi

TITLE
Senior Operating Officer
Board of Directors Tenure

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

5.6
Average Tenure
66.5
Average Age
  • The tenure for the HASEKO board of directors is about average.
Board of Directors

Ikuo Oguri

TITLE
Chairman
AGE
69
TENURE
5.6 yrs

Noriaki Tsuji

TITLE
President & Representative Director
AGE
67
TENURE
5.6 yrs

Shosuke Muratsuka

TITLE
Executive VP & Representative Director
AGE
66
TENURE
14.4 yrs

Junichi Tani

TITLE
Executive Operating Officer & Director
AGE
61

Toshiyuki Murakawa

TITLE
Senior Operating Officer & Director
TENURE
0.8 yrs

Nobuhiro Tani

TITLE
Executive Operating Officer & Director
TENURE
1.8 yrs

Shoji Naraoka

TITLE
Senior Operating Officer & Director
TENURE
0.8 yrs

Kazuo Ikegami

TITLE
Executive Operating Officer & Representative Director
AGE
62
TENURE
8.4 yrs

Kohei Amano

TITLE
Outside Director
AGE
71
TENURE
6.4 yrs

Osamu Takahashi

TITLE
Outside Director
TENURE
3.4 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 HASEKO'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. HASEKO 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.

HS6 News

Simply Wall St News

HS6 Company Info

Description

HASEKO Corporation gathers land information, plans, designs, constructs, sells, renovates, and rents condominiums in Japan and internationally. The company operates through Construction-Related Business, Service-Related Business, and Overseas-Related Business segments. It is also involved in the real estate development, including for-sale housing and real estate, and condominium and apartment management operation and administration business; real estate brokerage, such as selling and buying, exchanging, leasing, and agency of real estate; purchase and resale comprising condominiums and other properties; and provision of real estate solutions that include asset management and project proposals, as well as consultation for use of land and real estate investment management and admiration of real estate. In addition, the company is involved in the for-sale condominium management business, which comprises monitoring, management and cleaning, maintenance, clerical, and life support; and rental condominium management and operation. Further, it provides large-scale repair, earthquake-resistant structure and facility renovation, environmental friendliness and energy saving renovation, value enhancement renovation, and remolding works, as well as condominium rehabilitation and building replacement services. Additionally, the company manages paid facilities for the elderly; and offers home nursing care, senior living planning and consultation, and day care and short stay services. It also researches and develops technology; provides damage insurance, refurbishment, and interior enhancement services; and sells construction materials. The company was founded in 1937 and is headquartered in Tokyo, Japan.

Details
Name: HASEKO Corporation
HS6
Exchange: DB
Founded: 1937
¥3,579,306,422
297,419,822
Website: http://www.haseko.co.jp
Address: HASEKO Corporation
32-1 Shiba 2-chome,
Minato-ku,
Tokyo,
105-8507,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 1808 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB HS6 Common Shares Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
6,974
HASEKO employees.
Industry
Homebuilding
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 20:32
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/11/08
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.