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Tokyo Dome

DB:T97
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
T97
DB
¥61B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Tokyo Dome Corporation provides various amusement facilities in Japan. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Tokyo Dome has significant price volatility in the past 3 months.
T97 Share Price and Events
7 Day Returns
-8.3%
DB:T97
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-34.8%
DB:T97
-48.1%
DE Hospitality
-20.9%
DE Market
T97 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tokyo Dome (T97) -8.3% -16.7% -38.2% -34.8% -35.8% -32.3%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • T97 outperformed the Hospitality industry which returned -48.1% over the past year.
  • T97 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
T97
Industry
5yr Volatility vs Market

T97 Value

 Is Tokyo Dome 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 Tokyo Dome 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 Tokyo Dome.

DB:T97 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 10%
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:T97
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 30.86%) (218.86%))
1.647
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.65
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.647 * 6.33%)
10.03%

Discounted Cash Flow Calculation for DB:T97 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tokyo Dome 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:T97 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 10.03%)
2020 8,976.31 Est @ 5.53% 8,157.74
2021 9,313.25 Est @ 3.75% 7,692.10
2022 9,547.06 Est @ 2.51% 7,166.13
2023 9,703.66 Est @ 1.64% 6,619.47
2024 9,803.73 Est @ 1.03% 6,077.86
2025 9,863.04 Est @ 0.6% 5,557.01
2026 9,893.26 Est @ 0.31% 5,065.73
2027 9,902.90 Est @ 0.1% 4,608.26
2028 9,898.07 Est @ -0.05% 4,185.98
2029 9,883.12 Est @ -0.15% 3,798.50
Present value of next 10 years cash flows ¥58,928.00
DB:T97 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥9,883.12 × (1 + -0.39%) ÷ (10.03% – -0.39%)
¥94,438.44
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥94,438.44 ÷ (1 + 10.03%)10
¥36,296.68
DB:T97 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥58,928.00 + ¥36,296.68
¥95,224.68
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥95,224.68 / 92.30
¥1031.72
DB:T97 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:T97 represents 0.00835x of TSE:9681
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00835x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,031.72 x 0.00835
€8.61
Value per share (EUR) From above. €8.61
Current discount Discount to share price of €5.50
= -1 x (€5.50 - €8.61) / €8.61
36.1%

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

Current Discount
Amount off the current price Tokyo Dome is available for.
Intrinsic value
36%
Share price is €5.5 vs Future cash flow value of €8.61
Current Discount Checks
For Tokyo Dome to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tokyo Dome's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tokyo Dome's share price is below the future cash flow value, but not 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 Tokyo Dome's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tokyo Dome's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:T97 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in JPY ¥86.70
TSE:9681 Share Price ** TSE (2020-04-03) in JPY ¥659
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Tokyo Dome.

DB:T97 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9681 Share Price ÷ EPS (both in JPY)

= 659 ÷ 86.70

7.6x

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

  • Tokyo Dome is good value based on earnings compared to the DE Hospitality industry average.
  • Tokyo Dome is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Tokyo Dome's expected growth come at a high price?
Raw Data
DB:T97 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Tokyo Dome, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tokyo Dome's assets?
Raw Data
DB:T97 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in JPY ¥1,176.13
TSE:9681 Share Price * TSE (2020-04-03) in JPY ¥659
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:T97 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9681 Share Price ÷ Book Value per Share (both in JPY)

= 659 ÷ 1,176.13

0.56x

* Primary Listing of Tokyo Dome.

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

  • Tokyo Dome is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Tokyo Dome'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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Tokyo Dome has a total score of 4/6, 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.

T97 Future Performance

 How is Tokyo Dome expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Tokyo Dome has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
28.9%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tokyo Dome expected to grow at an attractive rate?
  • Unable to compare Tokyo Dome's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tokyo Dome's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Tokyo Dome's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:T97 Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:T97 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:T97 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:T97 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2020-01-31 91,557 19,827 8,002
2019-10-31 92,498 8,081
2019-07-31 90,584 17,557 7,483
2019-04-30 89,103 6,876
2019-01-31 87,048 16,845 6,962
2018-10-31 85,674 6,814
2018-07-31 85,168 17,544 7,292
2018-04-30 83,863 7,204
2018-01-31 83,686 17,676 8,116
2017-10-31 84,751 7,818
2017-07-31 85,470 17,574 7,522
2017-04-30 87,226 7,601

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tokyo Dome is high growth as no earnings estimate data is available.
  • Unable to determine if Tokyo Dome is high growth as no revenue estimate data is available.
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:T97 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Tokyo Dome Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T97 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:T97 Past Financials Data
Date (Data in JPY Millions) EPS *
2020-01-31 86.70
2019-10-31 87.56
2019-07-31 80.68
2019-04-30 73.54
2019-01-31 73.87
2018-10-31 71.73
2018-07-31 76.52
2018-04-30 75.59
2018-01-31 85.16
2017-10-31 82.04
2017-07-31 78.93
2017-04-30 79.76

*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.
  • Unable to establish if Tokyo Dome will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Tokyo Dome is trading at Tokyo Dome'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Tokyo Dome's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. Tokyo Dome's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Tokyo Dome'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.
Tokyo Dome 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.

T97 Past Performance

  How has Tokyo Dome 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 Tokyo Dome's growth in the last year to its industry (Hospitality).
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.
  • Tokyo Dome's year on year earnings growth rate has been positive over the past 5 years.
  • Tokyo Dome's 1-year earnings growth exceeds its 5-year average (14.9% vs 4.3%)
  • Tokyo Dome's earnings growth has exceeded the DE Hospitality industry average in the past year (14.9% vs -36.8%).
Earnings and Revenue History
Tokyo Dome'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 Tokyo Dome Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:T97 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 91,557.00 8,002.00 5,789.00
2019-10-31 92,498.00 8,081.00 5,779.00
2019-07-31 90,584.00 7,483.00 5,785.00
2019-04-30 89,103.00 6,876.00 5,860.00
2019-01-31 87,048.00 6,962.00 5,812.00
2018-10-31 85,674.00 6,814.00 5,851.00
2018-07-31 85,168.00 7,292.00 5,796.00
2018-04-30 83,863.00 7,204.00 5,747.00
2018-01-31 83,686.00 8,116.00 5,819.00
2017-10-31 84,751.00 7,818.00 5,833.00
2017-07-31 85,470.00 7,522.00 5,884.00
2017-04-30 87,226.00 7,601.00 5,881.00
2017-01-31 87,761.00 6,635.00 5,730.00
2016-10-31 86,668.00 5,261.00 5,613.00
2016-07-31 86,878.00 5,770.00 5,499.00
2016-04-30 86,461.00 6,044.00 5,349.00
2016-01-31 85,875.00 4,559.00 5,280.00
2015-10-31 86,068.00 6,551.00 5,418.00
2015-07-31 85,959.00 7,109.00 5,485.00
2015-04-30 84,407.00 6,654.00 5,504.00
2015-01-31 83,215.00 7,441.00 5,548.00
2014-10-31 82,299.00 6,937.00 5,453.00
2014-07-31 81,487.00 6,690.00 5,426.00
2014-04-30 82,361.00 6,764.00 5,414.00
2014-01-31 83,562.00 8,077.00 5,413.00
2013-10-31 81,824.00 5,904.00 5,471.00
2013-07-31 82,371.00 5,528.00 5,589.00
2013-04-30 81,484.00 5,217.00 5,697.00

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

T97 Health

 How is Tokyo Dome'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 Tokyo Dome's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Tokyo Dome's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Tokyo Dome's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Tokyo Dome'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 not covered by short term assets, assets are 0.2x 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 Tokyo Dome Company Filings, last reported 2 months ago.

DB:T97 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 108,553.00 133,117.00 18,291.00
2019-10-31 108,624.00 142,226.00 16,558.00
2019-07-31 105,234.00 144,673.00 14,795.00
2019-04-30 102,785.00 143,924.00 15,172.00
2019-01-31 102,070.00 134,376.00 11,896.00
2018-10-31 104,112.00 143,143.00 11,929.00
2018-07-31 106,535.00 140,816.00 12,334.00
2018-04-30 103,676.00 144,473.00 17,085.00
2018-01-31 105,438.00 140,511.00 19,175.00
2017-10-31 102,445.00 152,725.00 22,777.00
2017-07-31 99,317.00 151,583.00 20,282.00
2017-04-30 94,097.00 154,624.00 23,739.00
2017-01-31 94,602.00 152,033.00 22,069.00
2016-10-31 92,158.00 158,606.00 19,096.00
2016-07-31 89,965.00 160,067.00 18,352.00
2016-04-30 87,333.00 165,510.00 24,116.00
2016-01-31 86,311.00 158,642.00 19,069.00
2015-10-31 88,863.00 162,971.00 14,041.00
2015-07-31 88,082.00 163,365.00 13,045.00
2015-04-30 83,494.00 169,934.00 17,276.00
2015-01-31 80,688.00 166,083.00 16,270.00
2014-10-31 79,649.00 164,996.00 12,265.00
2014-07-31 76,155.00 164,247.00 12,408.00
2014-04-30 71,395.00 163,286.00 12,540.00
2014-01-31 74,431.00 172,768.00 14,532.00
2013-10-31 73,969.00 163,661.00 11,225.00
2013-07-31 71,701.00 178,751.00 11,001.00
2013-04-30 71,561.00 180,451.00 12,387.00
  • Tokyo Dome's level of debt (122.6%) 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 (205.8% vs 122.6% today).
  • Debt is not well covered by operating cash flow (14.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 12.9x coverage).
X
Financial health checks
We assess Tokyo Dome'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. Tokyo Dome has a total score of 2/6, 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.

T97 Dividends

 What is Tokyo Dome'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
1.82%
Current annual income from Tokyo Dome dividends.
If you bought €2,000 of Tokyo Dome shares you are expected to receive €36 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?
  • Tokyo Dome's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Tokyo Dome's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
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:T97 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 0 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
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 4.9%

Industry and Market average data is calculated daily.

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

DB:T97 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:T97 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-03-12 12.000 1.707
2019-04-25 12.000 1.183
2019-03-14 12.000 1.122
2018-04-26 12.000 1.223
2018-03-15 12.000 1.183
2017-04-27 12.000 1.149
2017-03-16 12.000 1.154
2016-12-15 12.000 1.069
2016-04-27 12.000 1.241
2016-03-11 12.000 1.202
2015-12-11 12.000 1.086
2015-04-28 12.000 1.131
2015-03-12 12.000 1.140
2014-04-25 12.000 1.236
2014-03-13 12.000 1.183
2013-03-14 10.000 0.764
2012-12-13 10.000 1.501
2012-06-14 10.000 2.035
2012-04-26 10.000 2.200
2012-03-15 10.000 1.874
2011-12-08 0.000 0.000
2011-09-14 0.000 0.000
2011-06-13 0.000 0.000
2011-06-09 0.000 0.000
2011-03-16 10.000 3.056
2010-12-09 10.000 2.389
2010-04-28 10.000 2.237
2010-03-17 10.000 1.833
2009-12-10 10.000 1.907
2009-09-10 10.000 1.814

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 Tokyo Dome's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x 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 Tokyo Dome'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 Tokyo Dome afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tokyo Dome 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.

T97 Management

 What is the CEO of Tokyo Dome'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
Tsutomu Nagaoka
AGE 64
TENURE AS CEO 3.9 years
CEO Bio

Tsutomu Nagaoka has been President, Chief Operating Officer and Representative Director of Tokyo Dome Corp. since May 3, 2016. Tsutomu Nagaoka served as Senior Managing Director at Tokyo Dome Corp since April 2009 until May 3, 2016 and served as its Executive Officer since November 2011. Tsutomu Nagaoka has been General Manager of Management Division of Tokyo Dome Corp since April 2014. Tsutomu Nagaoka served as a Managing Director and Managing Executive Officer of Tokyo Dome Corp.

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

Average tenure and age of the Tokyo Dome management team in years:

3.4
Average Tenure
61
Average Age
  • The tenure for the Tokyo Dome management team is about average.
Management Team

Tsutomu Nagaoka

TITLE
President
AGE
64
TENURE
3.9 yrs

Ryusuke Nomura

TITLE
Director & General Manager of Administration Division
AGE
64
TENURE
6 yrs

Yoshiyuki Taniguchi

TITLE
Senior Managing Director & Representative Director
AGE
60
TENURE
17.6 yrs

Akira Nishikatsu

TITLE
Senior MD & Director
AGE
61
TENURE
3.9 yrs

Yoshitaka Odagiri

TITLE
MD & Director
AGE
61
TENURE
3.9 yrs

Minoru Hagiwara

TITLE
Senior MD & Director
AGE
64
TENURE
1.3 yrs

Yasuhiko Teshima

TITLE
Managing Executive Officer
TENURE
2 yrs

Koichiro Hisaoka

TITLE
MD & Director
AGE
55
TENURE
2.9 yrs

Takayuki Iwase

TITLE
Managing Executive Officer
TENURE
1.3 yrs

Fumiyuki Munakata

TITLE
Managing Executive Officer
TENURE
0.2 yrs
Board of Directors Tenure

Average tenure and age of the Tokyo Dome board of directors in years:

3.9
Average Tenure
64
Average Age
  • The tenure for the Tokyo Dome board of directors is about average.
Board of Directors

Tsutomu Nagaoka

TITLE
President
AGE
64
TENURE
3.9 yrs

Ryusuke Nomura

TITLE
Director & General Manager of Administration Division
AGE
64

Yoshiyuki Taniguchi

TITLE
Senior Managing Director & Representative Director
AGE
60

Akira Nishikatsu

TITLE
Senior MD & Director
AGE
61
TENURE
3.9 yrs

Yoshitaka Odagiri

TITLE
MD & Director
AGE
61
TENURE
3.9 yrs

Minoru Hagiwara

TITLE
Senior MD & Director
AGE
64
TENURE
1 yrs

Koichiro Hisaoka

TITLE
MD & Director
AGE
55
TENURE
1 yrs

Tomofumi Akiyama

TITLE
External Director
AGE
84
TENURE
17 yrs

Nobuhiro Mori

TITLE
External Director
AGE
74
TENURE
15 yrs

Yoshihisa Inoue

TITLE
External Director
AGE
68
TENURE
13 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 Tokyo Dome'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. Tokyo Dome 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.

T97 News

Simply Wall St News

T97 Company Info

Description

Tokyo Dome Corporation provides various amusement facilities in Japan. The company operates Tokyo Dome, a stadium that is used for baseball games and other sports, concerts, and events. It also operates amusement facilitates, including Tokyo Dome City Attractions, an amusement park; TeNQ, a space museum; ASOBono, an indoor kids playground; and Tokyo Dome Bowling Center, including sports bowling and toast bowling with bar centers, as well as a bowling alley with total of 54 lanes for two different occasions. In addition, the company offers Tokyo Dome Roller Skate Arena, an indoor roller skating rink; Spo-Dori!, an indoor sports facility; Gallery AaMo, a gallery; Hero Action Show, an action show shown at the Theatre G-Rosso; and The Baseball Hall of Fame and Museum. Further, it operates event halls, such as Korakuen Hall, a multi-purpose hall; Tokyo Dome City Hall, a multi-functional hall; and PRISM HALL, an event and exhibition venue, as well as hotel and spa under the Tokyo Dome Hotel and Tokyo Dome Natural Hot Spring Spa LaQua names. Additionally, the company operates shops and restaurants, and other amusement facilities. Tokyo Dome Corporation was founded in 1936 and is headquartered in Tokyo, Japan.

Details
Name: Tokyo Dome Corporation
T97
Exchange: DB
Founded: 1936
¥519,555,382
92,296,943
Website: http://www.tokyo-dome.co.jp
Address: Tokyo Dome Corporation
1-3-61, Koraku,
Bunkyo-ku,
Tokyo,
112-8575,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9681 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB T97 Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,967
Tokyo Dome employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 22:27
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/12
Last earnings filing: 2020/03/12
Last earnings reported: 2020/01/31
Last annual earnings reported: 2020/01/31


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.