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Morningstar Japan K.K

DB:MJP
Snowflake Description

Solid track record with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MJP
DB
¥33B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Morningstar Japan K.K. provides financial information services in Japan and internationally. The last earnings update was 31 days ago. More info.


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MJP Share Price and Events
7 Day Returns
0.6%
DB:MJP
-0.9%
DE Capital Markets
-0.3%
DE Market
1 Year Returns
16.4%
DB:MJP
6.1%
DE Capital Markets
14.9%
DE Market
MJP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Morningstar Japan K.K (MJP) 0.6% 4.5% 10.6% 16.4% 27% 81.1%
DE Capital Markets -0.9% -1.5% -3% 6.1% -19.1% -34.6%
DE Market -0.3% 0.1% 7.5% 14.9% 9.5% 19.3%
1 Year Return vs Industry and Market
  • MJP outperformed the Capital Markets industry which returned 6.1% over the past year.
  • MJP outperformed the Market in Germany which returned 14.9% over the past year.
Price Volatility
MJP
Industry
5yr Volatility vs Market

MJP Value

 Is Morningstar Japan K.K 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 Morningstar Japan K.K 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 Morningstar Japan K.K.

DB:MJP 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
= ¥111.13 * 12.1%
¥13.42
Book Value of Equity per Share Median Book Value from the past 5 years. ¥111.13
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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

Calculation of Discount Rate/ Cost of Equity for DB:MJP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 6.3%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.763 (1 + (1- 30.86%) (3.02%))
0.852
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.852 * 6.33%)
5%

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

The calculations below outline how an intrinsic value for Morningstar Japan K.K 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:MJP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.1% – 5%) * ¥111.13)
¥7.86
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥7.86 / (5% - -0.39%)
¥145.77
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥111.13 + ¥145.77
¥256.9
DB:MJP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:MJP represents 0.00817x of JASDAQ:4765
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00817x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 256.90 x 0.00817
€2.10
Value per share (EUR) From above. €2.10
Current discount Discount to share price of €3.26
= -1 x (€3.26 - €2.10) / €2.10
-55.3%

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

  • The current share price of Morningstar Japan K.K 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 Morningstar Japan K.K's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Morningstar Japan K.K's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:MJP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥15.20
JASDAQ:4765 Share Price ** JASDAQ (2019-12-06) in JPY ¥399
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 23.05x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 20.37x

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

** Primary Listing of Morningstar Japan K.K.

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

= JASDAQ:4765 Share Price ÷ EPS (both in JPY)

= 399 ÷ 15.20

26.25x

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

  • Morningstar Japan K.K is overvalued based on earnings compared to the DE Capital Markets industry average.
  • Morningstar Japan K.K is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Morningstar Japan K.K's expected growth come at a high price?
Raw Data
DB:MJP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 2.47x
Germany Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.44x

*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 Morningstar Japan K.K, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Morningstar Japan K.K's assets?
Raw Data
DB:MJP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥112.05
JASDAQ:4765 Share Price * JASDAQ (2019-12-06) in JPY ¥399
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.77x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.85x
DB:MJP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JASDAQ:4765 Share Price ÷ Book Value per Share (both in JPY)

= 399 ÷ 112.05

3.56x

* Primary Listing of Morningstar Japan K.K.

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

  • Morningstar Japan K.K is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Morningstar Japan K.K'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Morningstar Japan K.K has a total score of 0/6, 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.

MJP Future Performance

 How is Morningstar Japan K.K 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 Morningstar Japan K.K 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
38.2%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Morningstar Japan K.K expected to grow at an attractive rate?
  • Unable to compare Morningstar Japan K.K's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Morningstar Japan K.K's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Morningstar Japan K.K's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:MJP Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 38.2%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
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:MJP 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:MJP Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:MJP Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 6,107 624 1,260
2019-06-30 5,946 1,223
2019-03-31 6,004 1,137 1,220
2018-12-31 6,245 1,199
2018-09-30 6,349 1,188 1,130
2018-06-30 6,204 1,144
2018-03-31 5,967 953 1,099
2017-12-31 5,627 1,085
2017-09-30 5,291 952 1,086
2017-06-30 5,061 1,047
2017-03-31 4,790 1,234 1,025
2016-12-31 4,686 1,042

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Morningstar Japan K.K is high growth as no earnings estimate data is available.
  • Unable to determine if Morningstar Japan K.K 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:MJP 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 Morningstar Japan K.K Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MJP Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:MJP Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 15.20
2019-06-30 14.75
2019-03-31 14.73
2018-12-31 14.52
2018-09-30 13.73
2018-06-30 13.95
2018-03-31 13.43
2017-12-31 13.28
2017-09-30 13.29
2017-06-30 12.82
2017-03-31 12.55
2016-12-31 12.76

*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 Morningstar Japan K.K will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Morningstar Japan K.K's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Morningstar Japan K.K'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 Diversified Financials companies here
  3. Morningstar Japan K.K'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 Morningstar Japan K.K'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.
Morningstar Japan K.K 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.

MJP Past Performance

  How has Morningstar Japan K.K 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 Morningstar Japan K.K's growth in the last year to its industry (Capital Markets).
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.
  • Morningstar Japan K.K's year on year earnings growth rate has been positive over the past 5 years.
  • Morningstar Japan K.K's 1-year earnings growth exceeds its 5-year average (11.5% vs 10.8%)
  • Morningstar Japan K.K's earnings growth has exceeded the DE Capital Markets industry average in the past year (11.5% vs -3.4%).
Earnings and Revenue History
Morningstar Japan K.K'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 Morningstar Japan K.K Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:MJP 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 6,107.00 1,260.00 1,319.00
2019-06-30 5,946.00 1,223.00 1,060.00
2019-03-31 6,004.00 1,220.00 778.00
2018-12-31 6,245.00 1,199.00 784.00
2018-09-30 6,349.00 1,130.00 799.00
2018-06-30 6,204.00 1,144.00 791.00
2018-03-31 5,967.00 1,099.00 787.00
2017-12-31 5,627.00 1,085.00 786.00
2017-09-30 5,291.00 1,086.00 785.00
2017-06-30 5,061.00 1,047.00 786.00
2017-03-31 4,790.00 1,025.00 801.00
2016-12-31 4,686.00 1,042.00 808.00
2016-09-30 4,679.00 969.00 803.00
2016-06-30 4,669.00 963.00 787.00
2016-03-31 4,669.00 918.00 777.00
2015-12-31 4,699.00 900.00 796.00
2015-09-30 4,597.00 865.00 794.00
2015-06-30 4,419.00 794.00 804.00
2015-03-31 4,190.00 716.00 813.00
2014-12-31 4,071.00 729.00 815.00
2014-09-30 3,948.00 719.00 842.00
2014-06-30 3,991.00 714.00 870.00
2014-03-31 3,920.00 683.00 886.00
2013-12-31 3,867.00 627.00 866.00
2013-09-30 3,788.00 602.00 847.00
2013-06-30 3,391.00 575.00 742.00
2013-03-31 2,987.00 508.00 646.00
2012-12-31 2,551.00 445.00 558.00

*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.
  • Morningstar Japan K.K has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Morningstar Japan K.K used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Morningstar Japan K.K has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Morningstar Japan K.K'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 Capital Markets 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.
Morningstar Japan K.K has a total score of 5/6, 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.

MJP Health

 How is Morningstar Japan K.K'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 Morningstar Japan K.K's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Morningstar Japan K.K is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Morningstar Japan K.K has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Morningstar Japan K.K'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 5.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Morningstar Japan K.K Company Filings, last reported 2 months ago.

DB:MJP Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 9,360.00 1,000.00 3,845.00
2019-06-30 9,099.00 1,000.00 2,740.00
2019-03-31 9,443.00 0.00 4,147.00
2018-12-31 9,082.00 0.00 4,191.00
2018-09-30 9,449.00 0.00 5,703.00
2018-06-30 9,212.00 0.00 5,524.00
2018-03-31 9,654.00 0.00 6,349.00
2017-12-31 9,317.00 0.00 2,668.00
2017-09-30 9,050.00 0.00 2,680.00
2017-06-30 8,772.00 0.00 2,502.00
2017-03-31 9,084.00 0.00 4,482.00
2016-12-31 8,842.00 0.00 3,090.00
2016-09-30 8,708.00 0.00 3,090.00
2016-06-30 8,505.00 0.00 2,253.00
2016-03-31 8,743.00 0.00 7,417.00
2015-12-31 8,456.00 0.00 6,833.00
2015-09-30 8,280.00 0.00 6,711.00
2015-06-30 8,066.00 0.00 6,425.00
2015-03-31 8,225.00 0.00 6,841.00
2014-12-31 8,245.00 0.00 6,507.00
2014-09-30 8,104.00 0.00 6,489.00
2014-06-30 7,962.00 0.00 5,192.00
2014-03-31 8,095.00 0.00 6,651.00
2013-12-31 7,889.00 0.00 6,170.00
2013-09-30 7,754.00 0.00 6,095.00
2013-06-30 7,611.00 0.00 5,917.00
2013-03-31 7,799.00 0.00 6,379.00
2012-12-31 7,555.00 0.00 5,915.00
  • Morningstar Japan K.K's level of debt (10.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 10.7% today).
  • Debt is well covered by operating cash flow (62.4%, greater than 20% of total debt).
  • Morningstar Japan K.K earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Morningstar Japan K.K'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. Morningstar Japan K.K has a total score of 5/6, 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.

MJP Dividends

 What is Morningstar Japan K.K's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.76%
Current annual income from Morningstar Japan K.K dividends.
If you bought €2,000 of Morningstar Japan K.K shares you are expected to receive €75 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?
  • Morningstar Japan K.K's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.37%).
  • Morningstar Japan K.K's dividend is above the markets top 25% of dividend payers in Germany (3.6%).
Upcoming dividend payment

Purchase Morningstar Japan K.K 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:MJP 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2%
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 3.6%

Industry and Market average data is calculated daily.

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

DB:MJP Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:MJP Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-18 15.000 4.176
2019-02-01 13.000 4.114
2018-11-01 13.000 3.811
2018-10-19 13.000 3.500
2018-06-25 10.000 2.430
2018-04-20 10.000 2.477
2017-06-27 8.500 2.337
2017-04-21 8.500 2.597
2016-06-22 7.000 2.293
2016-04-22 7.000 2.338
2015-06-18 5.000 1.657
2015-04-23 5.000 1.492
2014-06-19 4.200 1.526
2014-04-23 4.200 1.609
2013-06-19 3.333 1.026
2013-04-23 3.333 0.919
2012-06-18 3.000 2.344
2011-06-16 2.500 2.476
2011-04-25 2.500 2.697
2010-06-24 2.000 1.816
2010-04-22 2.000 1.670
2009-06-19 1.833 1.606
2009-04-22 1.833 1.679

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Morningstar Japan K.K's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x 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 Morningstar Japan K.K'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 Morningstar Japan K.K afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Morningstar Japan K.K has a total score of 4/6, see the detailed checks below.


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

MJP Management

 What is the CEO of Morningstar Japan K.K'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
Tomoya Asakura
AGE 53
TENURE AS CEO 7 years
CEO Bio

Mr. Tomoya Asakura has been an Executive President at Morningstar Japan KK since December 2012. Mr. Asakura served as Senior Managing Director of SBI Holdings, Inc., since June 2018 until 2019. Mr. Asakura serves as Senior Managing Executive Officer at Akazukin Holdings Inc. He was Senior Managing Executive Officer of SBI Holdings, Inc. since June 2013 until June 2018. He served as Chief Operating Officer and Executive Officer of Morningstar Japan KK since December 2005. He was Managing Executive Officer at SBI Holdings, Inc since June 2012. He joined Morningstar Japan, K.K in November 1998. He served as an Executive Officer of SBI Holdings, Inc. since June 2012. He served as Chief Operating Officer of Morningstar Japan K.K. He served as General Manager of Internet Business Division of Morningstar Japan, K.K. since February 2000. He served as President of Morningstar Japan, K.K since July 2004 and Chief Executive Officer since March 2005. Mr. Asakura joined The Hokkaido Takushoku Bank, Ltd. in April 1989. He joined Merrill Lynch Securities Co., Ltd. in January 1990. He joined Softbank Corporation in June 1995. He served as Managing Director of Morningstar Asset Management Co., Ltd. since March 2001. He served as Representative Senior Managing Director of Morningstar Japan, K.K since March 2004. He has been a Director of Morningstar Asset Management Co., Ltd. since May 2001. He served as a Director at SBI Holdings, Inc. since June 28, 2007 until 2019. He has been Director of The Kabushiki Shimbun since June 2006. He serves as a Director of Akazukin Holdings Inc. and SBI Insurance Co., Ltd. He serves as Director of Sbi Financial Services Co., Ltd. and SBI Life Insurance Co., Ltd. Mr. Asakura has been a Representative Director of Morningstar Japan KK since July 2004. He serves as Representative Director of E-Advisor Co., Ltd. He served as a Director of SBI Marketing Co., Ltd. (formerly, Agent All Co., Ltd.) since December 2006. He served as a Director of Morningstar Japan, K.K. since March 2000.

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

Average tenure and age of the Morningstar Japan K.K management team in years:

7.2
Average Tenure
51.5
Average Age
  • The average tenure for the Morningstar Japan K.K management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tomoya Asakura

TITLE
Executive President and Representative Director
AGE
53
TENURE
7 yrs

Kazuhisa Ogawa

TITLE
Executive Officer
AGE
57
TENURE
7.4 yrs

Satoshi Furusho

TITLE
Executive Officer
AGE
50

Tom Schiller

TITLE
Managing Director of Client Solutions for Asia-Pacific Region
TENURE
6.3 yrs

Masato Morisawa

TITLE
Executive Officer
AGE
45
TENURE
7.4 yrs
Board of Directors Tenure

Average tenure and age of the Morningstar Japan K.K board of directors in years:

13.8
Average Tenure
53
Average Age
  • The average tenure for the Morningstar Japan K.K board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Kazuhisa Ogawa

TITLE
Executive Officer
AGE
57
TENURE
14.8 yrs

Satoshi Furusho

TITLE
Executive Officer
AGE
50
TENURE
13.8 yrs

Masato Morisawa

TITLE
Executive Officer
AGE
45
TENURE
8.5 yrs

Yoshitaka Kitao

TITLE
Director
AGE
68
TENURE
13.8 yrs

Tomoya Asakura

TITLE
Executive President and Representative Director
AGE
53
TENURE
15.4 yrs

Bevin Desmond

TITLE
Director
AGE
53
TENURE
20.2 yrs

Don Phillips

TITLE
Director
AGE
57
TENURE
21.7 yrs

Stephen Villar

TITLE
Director
AGE
52
TENURE
5.5 yrs

Motonari Ootsuru

TITLE
External Director
TENURE
4.5 yrs

Kazuhiro Tsubosaka

TITLE
External Auditor
AGE
80
TENURE
7.5 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 Morningstar Japan K.K'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. Morningstar Japan K.K 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.

MJP News

Simply Wall St News

MJP Company Info

Description

Morningstar Japan K.K. provides financial information services in Japan and internationally. The company offers investment information tools, evaluation analysis reports, and defined contribution pension support and Web consulting services. It also provides daily newspaper and Web versions of securities specialty paper; seminars for individual investors; investment information to e-advisors; investment trust management services; and credit evaluation business for domestic and international listed companies, sales by company, industry type evaluation data, reports, etc. The company offers its services through social networking services, smartphones, and tablet terminals to financial institutions and institutional investors. Morningstar Japan K.K. was founded in 1998 and is headquartered in Tokyo, Japan.

Details
Name: Morningstar Japan K.K.
MJP
Exchange: DB
Founded: 1998
¥274,069,900
82,892,430
Website: http://www.morningstar.co.jp
Address: Morningstar Japan K.K.
15 Floor, Izumi Garden Tower,
1-6-1, MINATO-KU,
Tokyo,
106-6015,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JASDAQ 4765 Common Shares TSE JASDAQ JP JPY 23. Jun 2000
DB MJP Common Shares Deutsche Boerse AG DE EUR 23. Jun 2000
Number of employees
Current staff
Staff numbers
107
Morningstar Japan K.K employees.
Industry
Financial Exchanges and Data
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/07 20:41
End of day share price update: 2019/12/06 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/11/06
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.