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Orient

DB:OIT
Snowflake Description

Slightly overvalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OIT
DB
¥197B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Orient Corporation, together with its subsidiaries, provides consumer finance services in Japan. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • Orient has significant price volatility in the past 3 months.
OIT Share Price and Events
7 Day Returns
-4.1%
DB:OIT
-4.8%
Europe Consumer Finance
2.1%
DE Market
1 Year Returns
7.5%
DB:OIT
-50.9%
Europe Consumer Finance
-16.6%
DE Market
OIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Orient (OIT) -4.1% -10.8% -27.3% 7.5% -41.5% -36.2%
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
  • OIT outperformed the Consumer Finance industry which returned -50.9% over the past year.
  • OIT outperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
OIT
Industry
5yr Volatility vs Market

Value

 Is Orient 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 Orient 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 Orient.

DB:OIT 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
= ¥149.27 * 11.2%
¥16.70
Book Value of Equity per Share Median Book Value from the past 5 years. ¥149.27
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:OIT
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%) (724.32%))
2.902
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:OIT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Orient 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:OIT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (11.2% – 12.27%) * ¥149.27)
¥-1.62
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-1.62 / (12.27% - -0.39%)
¥-12.78
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥149.27 + ¥-12.78
¥136.49
DB:OIT Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OIT represents 0.00822x of TSE:8585
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00822x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 136.49 x 0.00822
€1.12
Value per share (EUR) From above. €1.12
Current discount Discount to share price of €0.95
= -1 x (€0.95 - €1.12) / €1.12
15.7%

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

Current Discount
Amount off the current price Orient is available for.
Intrinsic value
16%
Share price is €0.95 vs Future cash flow value of €1.12
Current Discount Checks
For Orient to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Orient's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Orient'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 Orient's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Orient's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥12.13
TSE:8585 Share Price ** TSE (2020-04-07) in JPY ¥115
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 Orient.

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

= TSE:8585 Share Price ÷ EPS (both in JPY)

= 115 ÷ 12.13

9.48x

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

  • Orient is overvalued based on earnings compared to the Europe Consumer Finance industry average.
  • Orient is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Orient's expected growth come at a high price?
Raw Data
DB:OIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
17.5%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:OIT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.48x ÷ 17.5%

0.54x

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

  • Orient is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Orient's assets?
Raw Data
DB:OIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥146.97
TSE:8585 Share Price * TSE (2020-04-07) in JPY ¥115
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:OIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8585 Share Price ÷ Book Value per Share (both in JPY)

= 115 ÷ 146.97

0.78x

* Primary Listing of Orient.

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

  • Orient is overvalued based on assets compared to the Europe Consumer Finance industry average.
X
Value checks
We assess Orient'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. Orient 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 Orient expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
17.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Orient expected to grow at an attractive rate?
  • Orient's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Orient's earnings growth is expected to exceed the Germany market average.
  • Orient's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OIT Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OIT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 17.5%
DB:OIT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.6%
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:OIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:OIT Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 256,500 -75,400 30,700 1
2021-03-31 247,600 -89,600 25,600 1
2020-04-07
2020-03-31 242,100 -50,700 21,900 1
DB:OIT Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 242,528 20,831
2019-09-30 240,747 -97,425 19,280
2019-06-30 236,165 27,187
2019-03-31 233,369 -41,723 26,080
2018-12-31 230,216 29,947
2018-09-30 227,868 -50,492 32,351
2018-06-30 227,244 24,885
2018-03-31 224,398 -77,634 22,803
2017-12-31 220,378 17,840
2017-09-30 219,307 -70,319 22,721
2017-06-30 214,884 21,496
2017-03-31 213,693 -104,697 26,529

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Orient's earnings are expected to grow by 17.5% yearly, however this is not considered high growth (20% yearly).
  • Orient's revenue is expected to grow by 2.6% 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:OIT 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 1 Analyst Estimates (S&P Global) See Below

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

DB:OIT Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 17.30 17.30 17.30 1.00
2021-03-31 13.90 13.90 13.90 1.00
2020-04-07
2020-03-31 11.60 11.60 11.60 1.00
DB:OIT Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 12.13
2019-09-30 11.23
2019-06-30 15.83
2019-03-31 15.19
2018-12-31 17.44
2018-09-30 18.84
2018-06-30 14.49
2018-03-31 13.28
2017-12-31 10.39
2017-09-30 13.22
2017-06-30 12.51
2017-03-31 15.44

*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.
  • Orient is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Orient'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.
Orient has a total score of 2/6, 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 Orient 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 Orient'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.
  • Orient's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Orient's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Orient's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Finance industry average.
Earnings and Revenue History
Orient'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 Orient Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OIT Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 242,528.00 20,831.00 194,139.00
2019-09-30 240,747.00 19,280.00 194,854.00
2019-06-30 236,165.00 27,187.00 195,676.00
2019-03-31 233,369.00 26,080.00 193,656.00
2018-12-31 230,216.00 29,947.00 177,284.00
2018-09-30 227,868.00 32,351.00 173,999.00
2018-06-30 227,244.00 24,885.00 168,740.00
2018-03-31 224,398.00 22,803.00 166,750.00
2017-12-31 220,378.00 17,840.00 162,896.00
2017-09-30 219,307.00 22,721.00 156,670.00
2017-06-30 214,884.00 21,496.00 153,777.00
2017-03-31 213,693.00 26,529.00 149,433.00
2016-12-31 216,308.00 29,362.00 149,822.00
2016-09-30 214,930.00 27,752.00 149,561.00
2016-06-30 211,978.00 26,225.00 148,418.00
2016-03-31 211,804.00 24,577.00 148,994.00
2015-12-31 210,363.00 20,435.00 152,801.00
2015-09-30 207,916.00 17,012.00 153,848.00
2015-06-30 208,513.00 14,295.00 157,449.00
2015-03-31 206,398.00 18,481.00 153,016.00
2014-12-31 206,196.00 16,009.00 162,291.00
2014-09-30 207,151.00 20,415.00 158,209.00
2014-06-30 206,020.00 23,514.00 151,623.00
2014-03-31 207,546.00 22,699.00 152,350.00
2013-12-31 205,437.00 6,898.00 150,929.00
2013-09-30 207,991.00 6,049.00 153,771.00
2013-06-30 209,841.00 6,362.00 156,524.00

*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.
  • Orient has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Orient used its assets less efficiently than the Europe Consumer Finance industry average last year based on Return on Assets.
  • Orient's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Orient'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.
Orient has a total score of 1/6, 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 Orient'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 Orient's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Orient is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Orient's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Orient'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 3.7x 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 Orient Company Filings, last reported 3 months ago.

DB:OIT Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 252,565.00 1,430,276.00 238,711.00
2019-09-30 264,399.00 1,445,989.00 289,164.00
2019-06-30 255,921.00 1,411,785.00 220,562.00
2019-03-31 256,467.00 1,405,090.00 323,415.00
2018-12-31 253,799.00 1,339,539.00 202,701.00
2018-09-30 273,145.00 1,359,859.00 294,815.00
2018-06-30 257,142.00 1,306,604.00 183,196.00
2018-03-31 259,404.00 1,276,957.00 194,241.00
2017-12-31 243,720.00 1,155,425.00 165,506.00
2017-09-30 239,406.00 1,146,792.00 186,187.00
2017-06-30 230,661.00 1,059,593.00 111,422.00
2017-03-31 303,907.00 1,074,221.00 198,498.00
2016-12-31 296,218.00 969,383.00 153,060.00
2016-09-30 287,141.00 967,853.00 136,362.00
2016-06-30 279,825.00 884,524.00 134,621.00
2016-03-31 274,022.00 910,765.00 178,792.00
2015-12-31 269,082.00 831,513.00 78,674.00
2015-09-30 261,815.00 830,997.00 106,889.00
2015-06-30 256,395.00 793,148.00 79,593.00
2015-03-31 249,971.00 822,338.00 101,986.00
2014-12-31 246,055.00 797,918.00 121,058.00
2014-09-30 241,468.00 818,889.00 123,534.00
2014-06-30 236,781.00 800,148.00 106,230.00
2014-03-31 225,802.00 827,246.00 107,927.00
2013-12-31 222,380.00 819,273.00 156,928.00
2013-09-30 212,768.00 783,072.00 97,470.00
2013-06-30 206,517.00 773,181.00 138,571.00
  • Orient's level of debt (565.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (320.9% vs 565.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Orient's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Orient'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. Orient 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.

Dividends

 What is Orient'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
2.61%
Current annual income from Orient dividends. Estimated to be 3.04% next year.
If you bought €2,000 of Orient shares you are expected to receive €52 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?
  • Orient's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • Orient's dividend is below the markets top 25% of dividend payers in Germany (4.71%).
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:OIT 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 1 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:OIT Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 4.00 1.00
2021-03-31 3.00 1.00
2020-04-07
2020-03-31 3.00 1.00
DB:OIT Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-10-30 3.000 2.010
2019-06-25 2.000 1.527
2018-06-26 2.000 1.466
2018-05-10 2.000 1.292
2017-06-27 2.000 1.120
2017-05-11 2.000 1.039
2017-01-31 2.000 0.975

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

  • Whilst dividend payments have been stable, Orient has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Orient only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Orient's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.1x 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 Orient'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 Orient afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Orient has a total score of 2/6, 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 Orient'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
Tetsuo Iimori
AGE 59
TENURE AS CEO 0 years
CEO Bio

Mr. Tetsuo Iimori has been the President of Orient Corporation since April 1, 2020. Mr. Iimori served as the Chief Executive Officer at Mizuho Trust & Banking Co., Ltd. since April 1, 2017 until April 1, 2020 and served as its President from April 1, 2017 to February 24, 2020. Mr. Iimori served as Managing Executive Officer of Mizuho Bank, Ltd. (formerly, Mizuho Corporate Bank, Ltd.) since July 01, 2013 and also served as its General Manager of Fukushima Branch. Mr. Iimori served as Managing Executive Officer of Mizuho Financial Group, Inc. from April 2013 to April 1, 2014 and again from April 1, 2016 to April 1, 2017 and was in charge of its Specific Business of Retail & Business Banking. He served as Head of Branch Banking Group at Mizuho Bank, Ltd. from April 2015 to April 1, 2016. He served as Head of Retail Banking Unit at Mizuho Bank, Ltd. from July 01, 2013 to April 2015 and served as its Co-Head of Retail & Business Banking Division since April 1, 2016. Mr. Iimori served as an Executive Officer of Mizuho Financial Group, Inc. from April 1, 2011 to April 2013 and also served as its General Manager of Corporate Planning from April 1, 2011 to April 2013. He joined Mizuho Financial Group, Inc. in April 1984. He served as General Manager of Business Promotion Division for Employees of Corporate Customers at Mizuho. Mr. Iimori served as a Corporate Auditor of Trust and Custody Services Bank, Ltd. He was a Director at Mizuho Trust & Banking Co., Ltd. since April 1, 2017 until April 1, 2020. He graduated from Faculty of Economics, Keio University in March 1984.

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

Tetsuo Iimori

TITLE
President
AGE
59

Kiyotaka Yabuta

TITLE
Senior Managing Executive Officer

Kosuke Maeda

TITLE
Senior Managing Executive Officer & Representative Director
AGE
60

Hideki Matsuo

TITLE
Senior Managing Executive Officer & Representative Director
AGE
59

Yukihiro Miyake

TITLE
Senior Managing Executive Officer & Representative Director
AGE
62

Yoshio Nakabayashi

TITLE
Managing Executive Officer & Director
AGE
59

Satoshi Itagaki

TITLE
Managing Executive Officer & Director
AGE
57

Chiharu Higuchi

TITLE
Executive Officer & Director
AGE
57

Tetsuhiko Saito

TITLE
Senior Managing Executive Officer

Kyohei Ogawa

TITLE
Managing Executive Officer
Board of Directors Tenure

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

3.8
Average Tenure
59
Average Age
  • The tenure for the Orient board of directors is about average.
Board of Directors

Masaaki Kono

TITLE
Chairman
AGE
62

Kosuke Maeda

TITLE
Senior Managing Executive Officer & Representative Director
AGE
60
TENURE
6.8 yrs

Hideki Matsuo

TITLE
Senior Managing Executive Officer & Representative Director
AGE
59
TENURE
3 yrs

Yukihiro Miyake

TITLE
Senior Managing Executive Officer & Representative Director
AGE
62
TENURE
7.8 yrs

Yoshio Nakabayashi

TITLE
Managing Executive Officer & Director
AGE
59
TENURE
3.8 yrs

Satoshi Itagaki

TITLE
Managing Executive Officer & Director
AGE
57
TENURE
1.8 yrs

Chiharu Higuchi

TITLE
Executive Officer & Director
AGE
57
TENURE
2.8 yrs

Masayuki Saito

TITLE
Director
AGE
66
TENURE
8.8 yrs

Naoki Ohgo

TITLE
Outside Director
AGE
57
TENURE
5.8 yrs

Shizue Inuzuka

TITLE
Outside Director
AGE
35
TENURE
3.8 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 Orient'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. Orient 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

Orient Corporation, together with its subsidiaries, provides consumer finance services in Japan. It operates in four segments: Installment Credit; Credit Cards and Direct Cash Loans; Bank Loan Guarantee; and Settlement and Guarantee. The company offers auto, student, and housing renovation loans. It also provides credit collection, installment credit, credit card and direct cash loan, and bank loan guarantee services, as well as credit related outsourcing services and information processing services. It operates through a network of approximately 113 branches and 803,000 member merchants. The company was formerly known as Orient Finance. Orient Corporation was founded in 1951 and is headquartered in Tokyo, Japan.

Details
Name: Orient Corporation
OIT
Exchange: DB
Founded: 1951
¥1,664,320,138
1,717,090,149
Website: http://www.orico.co.jp
Address: Orient Corporation
5-2-1 Kojimachi,
Chiyoda-ku,
Tokyo,
102-8503,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8585 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB OIT Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
4,685
Orient employees.
Industry
Consumer Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:44
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/31
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.