Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Aiful

DB:AAU
Snowflake Description

Reasonable growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AAU
DB
¥109B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Aiful Corporation engages in the consumer finance, mortgage and guaranteed loan, and real estate businesses in Japan. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Aiful has significant price volatility in the past 3 months.
AAU Share Price and Events
7 Day Returns
-2.4%
DB:AAU
-4.8%
Europe Consumer Finance
2.1%
DE Market
1 Year Returns
-7.4%
DB:AAU
-50.9%
Europe Consumer Finance
-16.6%
DE Market
AAU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aiful (AAU) -2.4% -5.9% -22.4% -7.4% -28.5% -40.3%
Europe Consumer Finance -4.8% -34.8% -44.2% -50.9% -66.5% -66.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • AAU outperformed the Consumer Finance industry which returned -50.9% over the past year.
  • AAU outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
AAU
Industry
5yr Volatility vs Market

Value

 Is Aiful 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 Aiful 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 Aiful.

DB:AAU Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= ¥326.75 * 6.1%
¥20.00
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. ¥326.75
Discount Rate (Cost of Equity) See below 12.3%
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:AAU
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Consumer Finance Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.639 (1 + (1- 30.86%) (426.17%))
2.02
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 6.33%)
12.27%

Discounted Cash Flow Calculation for DB:AAU using Excess Returns Model Model

The calculations below outline how an intrinsic value for Aiful is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:AAU Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (6.1% – 12.27%) * ¥326.75)
¥-20.09
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-20.09 / (12.27% - -0.39%)
¥-158.70
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥326.75 + ¥-158.70
¥168.05
DB:AAU Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AAU represents 0.00824x of TSE:8515
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00824x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 168.05 x 0.00824
€1.38
Value per share (EUR) From above. €1.38
Current discount Discount to share price of €1.86
= -1 x (€1.86 - €1.38) / €1.38
-34.5%

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

  • The current share price of Aiful 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 Aiful's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aiful's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AAU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥21.58
TSE:8515 Share Price ** TSE (2020-04-07) in JPY ¥226
Europe Consumer Finance Industry PE Ratio Median Figure of 27 Publicly-Listed Consumer Finance Companies 5.27x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

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

** Primary Listing of Aiful.

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

= TSE:8515 Share Price ÷ EPS (both in JPY)

= 226 ÷ 21.58

10.47x

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

  • Aiful is overvalued based on earnings compared to the Europe Consumer Finance industry average.
  • Aiful is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Aiful's expected growth come at a high price?
Raw Data
DB:AAU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
35.2%per year
Europe Consumer Finance Industry PEG Ratio Median Figure of 19 Publicly-Listed Consumer Finance Companies 0.43x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.47x ÷ 35.2%

0.3x

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

  • Aiful is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Aiful's assets?
Raw Data
DB:AAU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥281.59
TSE:8515 Share Price * TSE (2020-04-07) in JPY ¥226
Europe Consumer Finance Industry PB Ratio Median Figure of 42 Publicly-Listed Consumer Finance Companies 0.68x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:AAU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8515 Share Price ÷ Book Value per Share (both in JPY)

= 226 ÷ 281.59

0.8x

* Primary Listing of Aiful.

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

  • Aiful is overvalued based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess Aiful'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 Finance 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 Finance industry average (and greater than 0)? (1 check)
  5. Aiful has a total score of 2/6, see the detailed checks below.

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

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

Future Performance

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

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
35.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aiful expected to grow at an attractive rate?
  • Aiful's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Aiful's earnings growth is expected to exceed the Germany market average.
  • Aiful's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AAU Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AAU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 35.2%
DB:AAU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 6.8%
Europe Consumer Finance Industry Earnings Growth Rate Market Cap Weighted Average 12.3%
Europe Consumer Finance Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
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:AAU Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AAU Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 142,450 -33,400 19,250 2
2021-03-31 133,450 -40,900 16,850 2
2020-04-08
2020-03-31 124,600 -49,600 8,700 2
DB:AAU Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 122,473 -44,839 10,440
2019-09-30 120,180 -43,174 9,403
2019-06-30 117,897 -31,292 10,959
2019-03-31 115,328 -41,765 9,346
2018-12-31 125,484 -55,775 8,205
2018-09-30 122,562 -64,248 5,744
2018-06-30 118,847 -70,789 3,822
2018-03-31 115,389 -70,221 3,958
2017-12-31 99,072 -65,266 8,560
2017-09-30 95,481 -63,456 7,778
2017-06-30 93,464 -55,224 7,663
2017-03-31 91,450 -51,222 7,276

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aiful's earnings are expected to grow significantly at over 20% yearly.
  • Aiful's revenue is expected to grow by 6.8% 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:AAU Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

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

DB:AAU Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 39.75 41.10 38.40 2.00
2021-03-31 34.85 37.00 32.70 2.00
2020-04-08
2020-03-31 18.00 24.60 11.40 2.00
DB:AAU Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 21.58
2019-09-30 19.44
2019-06-30 22.66
2019-03-31 19.32
2018-12-31 16.96
2018-09-30 11.88
2018-06-30 7.90
2018-03-31 8.18
2017-12-31 17.70
2017-09-30 16.08
2017-06-30 15.84
2017-03-31 15.05

*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.
  • Aiful is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aiful'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 Europe 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.
Aiful has a total score of 4/6, see the detailed checks below.

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

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

Past Performance

  How has Aiful 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 Aiful's growth in the last year to its industry (Consumer Finance).
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.
  • Aiful has delivered over 20% year on year earnings growth in the past 5 years.
  • Aiful's 1-year earnings growth is less than its 5-year average (27.2% vs 52.1%)
  • Aiful's earnings growth has exceeded the Europe Consumer Finance industry average in the past year (27.2% vs 17.9%).
Earnings and Revenue History
Aiful'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 Aiful Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AAU Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 122,473.00 10,440.00 95,463.00
2019-09-30 120,180.00 9,403.00 94,108.00
2019-06-30 117,897.00 10,959.00 89,509.00
2019-03-31 115,328.00 9,346.00 88,612.00
2018-12-31 125,484.00 8,205.00 81,888.00
2018-09-30 122,562.00 5,744.00 81,825.00
2018-06-30 118,847.00 3,822.00 80,837.00
2018-03-31 115,389.00 3,958.00 77,339.00
2017-12-31 99,072.00 8,560.00 79,139.00
2017-09-30 95,481.00 7,778.00 76,419.00
2017-06-30 93,464.00 7,663.00 73,759.00
2017-03-31 91,450.00 7,276.00 71,574.00
2016-12-31 90,389.00 4,934.00 70,008.00
2016-09-30 89,836.00 5,095.00 68,892.00
2016-06-30 88,202.00 5,220.00 67,774.00
2016-03-31 87,708.00 7,044.00 65,522.00
2015-12-31 87,237.00 -42,573.00 53,446.00
2015-09-30 86,561.00 -39,446.00 51,347.00
2015-06-30 86,419.00 -36,673.00 48,748.00
2015-03-31 86,352.00 -36,499.00 49,020.00
2014-12-31 87,207.00 16,670.00 59,327.00
2014-09-30 88,156.00 18,683.00 58,338.00
2014-06-30 89,725.00 21,826.00 56,865.00
2014-03-31 91,858.00 30,461.00 56,602.00
2013-12-31 93,171.00 20,404.00 54,873.00
2013-09-30 95,519.00 22,647.00 54,053.00
2013-06-30 97,443.00 28,716.00 54,768.00

*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.
  • Aiful has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aiful used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Aiful's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aiful'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 Finance 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.
Aiful has a total score of 2/6, see the detailed checks below.

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

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

Health

 How is Aiful'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 Aiful's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aiful is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aiful's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aiful'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.7x 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 Aiful Company Filings, last reported 3 months ago.

DB:AAU Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 139,128.00 465,873.00 38,563.00
2019-09-30 132,347.00 437,715.00 23,669.00
2019-06-30 131,254.00 428,160.00 34,114.00
2019-03-31 128,016.00 418,708.00 36,112.00
2018-12-31 129,342.00 422,449.00 44,536.00
2018-09-30 123,766.00 416,144.00 51,954.00
2018-06-30 120,795.00 385,139.00 27,752.00
2018-03-31 119,404.00 365,836.00 29,327.00
2017-12-31 122,147.00 357,256.00 39,700.00
2017-09-30 118,961.00 331,400.00 32,769.00
2017-06-30 117,727.00 333,871.00 49,926.00
2017-03-31 111,649.00 300,222.00 33,644.00
2016-12-31 109,338.00 294,114.00 41,430.00
2016-09-30 106,939.00 285,834.00 50,420.00
2016-06-30 105,716.00 271,371.00 43,228.00
2016-03-31 104,250.00 249,059.00 39,910.00
2015-12-31 104,544.00 220,914.00 28,253.00
2015-09-30 102,109.00 210,426.00 33,200.00
2015-06-30 100,658.00 219,138.00 36,278.00
2015-03-31 97,474.00 226,955.00 52,590.00
2014-12-31 147,279.00 218,842.00 61,153.00
2014-09-30 141,657.00 214,264.00 49,267.00
2014-06-30 137,368.00 237,080.00 54,308.00
2014-03-31 133,541.00 253,915.00 66,880.00
2013-12-31 130,312.00 254,310.00 68,042.00
2013-09-30 123,184.00 250,814.00 66,330.00
2013-06-30 114,864.00 249,324.00 62,459.00
  • Aiful's level of debt (334.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (149.2% vs 334.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Aiful earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Aiful'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. Aiful has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Aiful'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
0%
Current annual income from Aiful dividends. Estimated to be 1.55% next year.
If you bought €2,000 of Aiful shares you are expected to receive €0 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?
  • Unable to evaluate Aiful's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aiful's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:AAU Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Europe Consumer Finance Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 6.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

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

DB:AAU Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 4.00 2.00
2021-03-31 3.00 2.00
2020-04-08
2020-03-31 0.50 2.00
DB:AAU Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2011-02-14 0.000 0.000
2011-02-09 0.000 0.000
2010-11-15 0.000 0.000
2010-11-11 0.000 0.000
2010-08-13 0.000 0.000
2010-08-11 0.000 0.000
2010-06-28 0.000 0.000
2010-05-12 0.000 0.000
2010-02-12 0.000 0.000
2010-02-10 0.000 0.000
2009-11-13 0.000 0.000
2009-11-11 0.000 0.000
2009-08-07 5.000 5.930
2009-05-12 5.000 3.240

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

  • Unable to perform a dividend volatility check as Aiful has not reported any payouts.
  • Unable to verify if Aiful's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aiful's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aiful has not reported any payouts.
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 Aiful'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 Aiful afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aiful has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Aiful'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
Yoshitaka Fukuda
AGE 72
TENURE AS CEO 12.8 years
CEO Bio

Mr. Yoshitaka Fukuda has been Chief Executive Officer of Aiful Corporation since June 2007. Mr. Fukuda has been President and Representative Director of Aiful Corporation since May 1982. Mr. Fukuda serves as Chairman of Life Co. Ltd., a subsidiary of Aiful Corporation. He serves as a Director of Aiful Corp.

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

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

5.5
Average Tenure
61
Average Age
  • The average tenure for the Aiful management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yoshitaka Fukuda

TITLE
President
AGE
72
TENURE
12.8 yrs

Kazuhiko Tsuda

TITLE
Managing Executive Officer & GM of Accounting Department

Shinichiro Okuyama

TITLE
Managing Executive Officer & GM of Marketing Department

Hideaki Minamizawa

TITLE
Executive Officer & GM of the Personnel Department

Kazumitsu Oishi

TITLE
Senior Managing Executive Officer & Director
AGE
64

Masayuki Sato

TITLE
Senior Managing Executive Officer
AGE
62
TENURE
10 yrs

Tsuguo Nakagawa

TITLE
Senior Managing Executive Officer & Director
AGE
61
TENURE
1 yrs

Mitsuhide Fukuda

TITLE
Sr. Managing Exec. Officer
AGE
39
TENURE
3.8 yrs

Keiji Masui

TITLE
Executive Officer & Director
AGE
56
TENURE
6 yrs

Hiroshi Uemura

TITLE
Executive Officer & Director
AGE
58
TENURE
5 yrs
Board of Directors Tenure

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

6.3
Average Tenure
60.5
Average Age
  • The tenure for the Aiful board of directors is about average.
Board of Directors

Yoshitaka Fukuda

TITLE
President
AGE
72
TENURE
37.9 yrs

Kazumitsu Oishi

TITLE
Senior Managing Executive Officer & Director
AGE
64
TENURE
7.8 yrs

Masayuki Sato

TITLE
Senior Managing Executive Officer
AGE
62
TENURE
20.8 yrs

Tsuguo Nakagawa

TITLE
Senior Managing Executive Officer & Director
AGE
61
TENURE
7.8 yrs

Mitsuhide Fukuda

TITLE
Sr. Managing Exec. Officer
AGE
39
TENURE
7.8 yrs

Keiji Masui

TITLE
Executive Officer & Director
AGE
56
TENURE
3.8 yrs

Hiroshi Uemura

TITLE
Executive Officer & Director
AGE
58
TENURE
4.8 yrs

Yoshiaki Tanaka

TITLE
Director
AGE
60
TENURE
4.8 yrs

Haruichi Suzuki

TITLE
Outside Director
AGE
51
TENURE
4.8 yrs

Satoru Toda

TITLE
Outside Director
AGE
65
TENURE
2.8 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 Aiful'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. Aiful has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Company Info

Description

Aiful Corporation engages in the consumer finance, mortgage and guaranteed loan, and real estate businesses in Japan. The company offers unsecured, secured, and small business loans; and credit card shopping, credit guarantee, debt collection, venture capital, receiving agent, corporate turnaround and restructuring, warehouse, document management, and leasing services, as well as used car loans. As of June 30, 2019, it operated 878 branches. The company was formerly known as Marutaka, Inc. and changed its name to Aiful Corporation in May 1982. Aiful Corporation was founded in 1967 and is headquartered in Kyoto, Japan.

Details
Name: Aiful Corporation
AAU
Exchange: DB
Founded: 1967
¥921,367,751
483,702,840
Website: http://www.ir-aiful.com
Address: Aiful Corporation
381-1, Takasago-cho,
Gojo-Agaru,
Kyoto,
600-8420,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8515 Common Stock The Tokyo Stock Exchange JP JPY 06. Aug 1997
DB AAU Common Stock Deutsche Boerse AG DE EUR 06. Aug 1997
OTCPK AIFL.Y ADR Pink Sheets LLC US USD 24. Feb 2003
Number of employees
Current staff
Staff numbers
2,273
Aiful employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 01:51
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/02/25
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
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.