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Okasan Securities Group

DB:OKN
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
OKN
DB
¥63B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Okasan Securities Group Inc., a securities company, engages in the securities investment and asset management businesses in Japan and internationally. The last earnings update was 49 days ago. More info.


Add to Portfolio Compare Print
  • Okasan Securities Group has significant price volatility in the past 3 months.
OKN Share Price and Events
7 Day Returns
-5.6%
DB:OKN
-6.8%
DE Capital Markets
-2.7%
DE Market
1 Year Returns
-20.5%
DB:OKN
-11.8%
DE Capital Markets
-20.4%
DE Market
OKN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Okasan Securities Group (OKN) -5.6% -5.6% -16.8% -20.5% -49.6% -63.4%
DE Capital Markets -6.8% -21.9% -18% -11.8% -29% -57.8%
DE Market -2.7% -18.4% -26.7% -20.4% -25.9% -30.4%
1 Year Return vs Industry and Market
  • OKN underperformed the Capital Markets industry which returned -11.8% over the past year.
  • OKN matched the Germany Market (-20.4%) over the past year.
Price Volatility
OKN
Industry
5yr Volatility vs Market

OKN Value

 Is Okasan Securities Group 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 Okasan Securities Group 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 Okasan Securities Group.

DB:OKN 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
= ¥781.50 * 4%
¥31.18
Book Value of Equity per Share Median Book Value from the past 5 years. ¥781.50
Discount Rate (Cost of Equity) See below 7.3%
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:OKN
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 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.747 (1 + (1- 30.86%) (112.89%))
1.221
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.221 * 6.33%)
7.34%

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

The calculations below outline how an intrinsic value for Okasan Securities Group 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:OKN Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4% – 7.34%) * ¥781.50)
¥-26.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-26.17 / (7.34% - -0.39%)
¥-338.58
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥781.50 + ¥-338.58
¥442.92
DB:OKN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:OKN represents 0.00845x of TSE:8609
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00845x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 442.92 x 0.00845
€3.74
Value per share (EUR) From above. €3.74
Current discount Discount to share price of €2.68
= -1 x (€2.68 - €3.74) / €3.74
28.4%

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

Current Discount
Amount off the current price Okasan Securities Group is available for.
Intrinsic value
28%
Share price is €2.68 vs Future cash flow value of €3.74
Current Discount Checks
For Okasan Securities Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Okasan Securities Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Okasan Securities Group'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 Okasan Securities Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Okasan Securities Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:OKN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥19.24
TSE:8609 Share Price ** TSE (2020-04-02) in JPY ¥317
Germany Capital Markets Industry PE Ratio Median Figure of 17 Publicly-Listed Capital Markets Companies 22.18x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.15x

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

** Primary Listing of Okasan Securities Group.

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

= TSE:8609 Share Price ÷ EPS (both in JPY)

= 317 ÷ 19.24

16.48x

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

  • Okasan Securities Group is good value based on earnings compared to the DE Capital Markets industry average.
  • Okasan Securities Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Okasan Securities Group's expected growth come at a high price?
Raw Data
DB:OKN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.48x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-119.4%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 7 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.48x ÷ -119.4%

-0.14x

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

  • Okasan Securities Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Okasan Securities Group's assets?
Raw Data
DB:OKN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥808.60
TSE:8609 Share Price * TSE (2020-04-02) in JPY ¥317
Germany Capital Markets Industry PB Ratio Median Figure of 32 Publicly-Listed Capital Markets Companies 1.55x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:OKN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8609 Share Price ÷ Book Value per Share (both in JPY)

= 317 ÷ 808.60

0.39x

* Primary Listing of Okasan Securities Group.

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

  • Okasan Securities Group is good value based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess Okasan Securities Group'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. Okasan Securities Group has a total score of 3/6, see the detailed checks below.

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

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

OKN Future Performance

 How is Okasan Securities Group 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
-119.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Okasan Securities Group expected to grow at an attractive rate?
  • Okasan Securities Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Okasan Securities Group's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Okasan Securities Group's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:OKN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:OKN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -119.4%
DB:OKN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -2.4%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 40%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:OKN 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:OKN Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 60,500 500 1
2020-03-31 60,500 300 1
DB:OKN Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 63,093 3,811
2019-09-30 61,576 10,172 -914
2019-06-30 64,397 172
2019-03-31 66,709 39,869 853
2018-12-31 71,062 2,565
2018-09-30 77,800 40,681 6,040
2018-06-30 79,302 5,065
2018-03-31 80,762 -12,876 5,852
2017-12-31 80,920 6,763
2017-09-30 80,195 -8,821 7,054
2017-06-30 79,785 8,940
2017-03-31 79,446 52,216 10,486

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Okasan Securities Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Okasan Securities Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:OKN 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 Okasan Securities Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OKN Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 5.00 5.00 5.00 1.00
2020-03-31 5.00 5.00 5.00 1.00
DB:OKN Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 19.24
2019-09-30 -4.61
2019-06-30 0.87
2019-03-31 4.30
2018-12-31 12.94
2018-09-30 30.49
2018-06-30 25.57
2018-03-31 29.55
2017-12-31 34.16
2017-09-30 35.63
2017-06-30 45.14
2017-03-31 52.93

*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 Okasan Securities Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Okasan Securities Group'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.
Okasan Securities Group 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.

OKN Past Performance

  How has Okasan Securities Group 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 Okasan Securities Group'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.
  • Okasan Securities Group's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Okasan Securities Group's 1-year earnings growth exceeds its 5-year average (48.6% vs -37.1%)
  • Okasan Securities Group's earnings growth has exceeded the DE Capital Markets industry average in the past year (48.6% vs 5.7%).
Earnings and Revenue History
Okasan Securities Group'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 Okasan Securities Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:OKN 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 63,093.00 3,811.00 54,712.00
2019-09-30 61,576.00 -914.00 55,177.00
2019-06-30 64,397.00 172.00 56,158.00
2019-03-31 66,709.00 853.00 57,448.00
2018-12-31 71,062.00 2,565.00 58,929.00
2018-09-30 77,800.00 6,040.00 60,270.00
2018-06-30 79,302.00 5,065.00 60,884.00
2018-03-31 80,762.00 5,852.00 60,875.00
2017-12-31 80,920.00 6,763.00 60,244.00
2017-09-30 80,195.00 7,054.00 59,211.00
2017-06-30 79,785.00 8,940.00 58,409.00
2017-03-31 79,446.00 10,486.00 57,783.00
2016-12-31 77,658.00 9,803.00 57,804.00
2016-09-30 75,689.00 9,557.00 58,525.00
2016-06-30 76,432.00 9,305.00 59,204.00
2016-03-31 81,621.00 11,068.00 60,055.00
2015-12-31 86,489.00 11,230.00 61,161.00
2015-09-30 91,990.00 13,122.00 60,667.00
2015-06-30 96,255.00 15,914.00 60,157.00
2015-03-31 93,410.00 14,099.00 59,199.00
2014-12-31 91,160.00 14,521.00 57,816.00
2014-09-30 91,714.00 13,317.00 58,388.00
2014-06-30 89,094.00 11,740.00 58,098.00
2014-03-31 99,989.00 17,278.00 59,269.00
2013-12-31 108,772.00 26,448.00 59,426.00
2013-09-30 101,850.00 27,361.00 56,771.00
2013-06-30 95,613.00 25,045.00 55,195.00

*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.
  • Okasan Securities Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Okasan Securities Group used its assets less efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • Unable to establish if Okasan Securities Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Okasan Securities Group'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.
Okasan Securities Group 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.

OKN Health

 How is Okasan Securities Group'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 Okasan Securities Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Okasan Securities Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Okasan Securities Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Okasan Securities Group'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 5.1x 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 Okasan Securities Group Company Filings, last reported 3 months ago.

DB:OKN Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 168,210.00 70,997.00 241,305.00
2019-09-30 166,669.00 139,936.00 273,799.00
2019-06-30 170,453.00 92,946.00 249,983.00
2019-03-31 175,182.00 80,045.00 240,412.00
2018-12-31 173,840.00 91,102.00 230,961.00
2018-09-30 178,697.00 97,178.00 240,938.00
2018-06-30 176,679.00 96,927.00 258,399.00
2018-03-31 180,047.00 119,066.00 331,425.00
2017-12-31 180,775.00 113,335.00 361,992.00
2017-09-30 176,135.00 187,340.00 485,437.00
2017-06-30 178,770.00 113,750.00 381,286.00
2017-03-31 178,254.00 125,588.00 417,926.00
2016-12-31 176,499.00 93,478.00 363,456.00
2016-09-30 171,039.00 87,104.00 348,339.00
2016-06-30 165,642.00 119,289.00 399,570.00
2016-03-31 172,096.00 146,571.00 386,000.00
2015-12-31 175,904.00 152,573.00 439,374.00
2015-09-30 170,142.00 184,373.00 454,340.00
2015-06-30 174,838.00 215,187.00 524,824.00
2015-03-31 171,410.00 183,700.00 509,105.00
2014-12-31 164,483.00 193,758.00 534,053.00
2014-09-30 157,417.00 217,299.00 548,057.00
2014-06-30 151,473.00 237,987.00 451,268.00
2014-03-31 152,838.00 191,555.00 473,210.00
2013-12-31 152,409.00 189,140.00 441,899.00
2013-09-30 144,429.00 252,482.00 558,462.00
2013-06-30 140,064.00 212,232.00 560,065.00
  • Okasan Securities Group's level of debt (42.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (117.7% vs 42.2% today).
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Unable to confirm if the interest payments on Okasan Securities Group's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Okasan Securities Group'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. Okasan Securities Group 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.

OKN Dividends

 What is Okasan Securities Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.73%
Current annual income from Okasan Securities Group dividends.
If you bought €2,000 of Okasan Securities Group shares you are expected to receive €95 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?
  • Okasan Securities Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • Okasan Securities Group's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:OKN 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
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 320 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:OKN Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
DB:OKN Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-28 15.000 3.988
2019-04-26 15.000 3.810
2018-06-29 25.000 4.921
2018-04-27 25.000 4.367
2017-06-30 25.000 3.683
2017-04-28 25.000 3.635
2016-06-30 25.000 4.120
2016-04-28 25.000 4.787
2015-06-29 25.000 3.635
2015-04-24 25.000 2.763
2014-06-30 25.000 2.931
2014-04-25 25.000 3.213
2013-03-25 15.000 1.654
2012-07-27 5.000 1.362
2012-06-29 5.000 1.753
2012-04-27 5.000 1.732
2011-06-30 5.000 1.854
2011-04-28 5.000 1.841
2010-06-30 7.500 2.427
2010-04-28 7.500 2.024
2009-06-29 5.000 1.140
2009-04-28 5.000 1.131

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Okasan Securities Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.3x 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 Okasan Securities Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Okasan Securities Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Okasan Securities Group has a total score of 3/6, see the detailed checks below.


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

OKN Management

 What is the CEO of Okasan Securities Group'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
Hiroyuki Shinshiba
AGE 61
TENURE AS CEO 6 years
CEO Bio

Mr. Hiroyuki Shinshiba has been the President of Okasan Securities Group Inc. since April 1, 2014 and served as its Senior Managing Director since June, 2006 and is In-charge for Planning Division and Operations Planning Department, Business Strategy Department and Advertising Department. He serves as Director at Okasan Securities Co., Ltd. Mr. Shinshiba serves as Executive officer of Okasan Securities Group Inc. since April, 2018. Mr. Shinshiba joined Okasan Securities Co., Ltd. in April 1981. He served as Secretary to the Chairman for Japan Securities Dealers Association Member of the Board of Directors of Okasan Securities Co. since July 1998. He was In-charge, Operations Planning Department and Business Strategy Department, Director, Operations Planning Department of Okasan Securities Co. since June 2001. He served as Director of Operations Assistance Department, Operations Planning Department, Investment and Savings Assistance Department and In-charge, Customer Center of Okasan Securities Co. since June 2002. He served as a Managing Director of Okasan Securities Co., Ltd. since October 2003 and Managing Director and In-charge, Planning Division since June 2004. He serves as a Representative Director of Okasan Securities Group Inc. and served as its a Director from June 2001 to September 2003.

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

Average tenure and age of the Okasan Securities Group management team in years:

1.8
Average Tenure
61
Average Age
  • The average tenure for the Okasan Securities Group management team is less than 2 years, this suggests a new team.
Management Team

Hiroyuki Shinshiba

TITLE
President
AGE
61
TENURE
6 yrs

Mitsuru Tanaka

TITLE
Senior Managing Executive Officer & Director
AGE
61

Akira Terayama

TITLE
Executive Vice President
AGE
63
TENURE
1.3 yrs

Hiroyuki Shindo

TITLE
Group Chief Strategy Officer of Corporate Strategy Division
AGE
61

Hiroyuki Murai

TITLE
Executive Officer & Director
AGE
62

Akihiko Kunihiro

TITLE
Managing Executive Officer
TENURE
1.3 yrs

Masahiro Hayakawa

TITLE
Managing Executive Officer

Yoshihiro Ikeda

TITLE
Managing Executive Officer
TENURE
1.3 yrs

Shigeyuki Takamatsu

TITLE
Executive Officer
TENURE
2.3 yrs

Makoto Egoshi

TITLE
Executive Officer
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the Okasan Securities Group board of directors in years:

4.8
Average Tenure
62
Average Age
  • The tenure for the Okasan Securities Group board of directors is about average.
Board of Directors

Hiroyuki Shinshiba

TITLE
President
AGE
61
TENURE
18.8 yrs

Tetsuo Kato

TITLE
Vice Chairman
AGE
71
TENURE
6 yrs

Mitsuru Tanaka

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

Hiroyuki Shindo

TITLE
Group Chief Strategy Officer of Corporate Strategy Division
AGE
61
TENURE
13.8 yrs

Hiroyuki Murai

TITLE
Executive Officer & Director
AGE
62
TENURE
0.8 yrs

Nobuyuki Natsume

TITLE
Director
AGE
64
TENURE
4.8 yrs

Seishi Higo

TITLE
Outside Director
AGE
69

Hirokazu Kono

TITLE
Outside Director
AGE
62
TENURE
4.8 yrs

Mikito Nagai

TITLE
Outside Director
AGE
64
TENURE
0.8 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 Okasan Securities Group'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. Okasan Securities Group 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.

OKN News

Simply Wall St News

OKN Company Info

Description

Okasan Securities Group Inc., a securities company, engages in the securities investment and asset management businesses in Japan and internationally. The company operates through Securities Business, Asset Management Business, and Support Business segments. It is involved in the trading and brokerage for trading in securities; underwriting and distribution of securities; public offering and secondary distribution of securities; and private offering of securities. The company also offers asset management consulting and online trading services; and corporate services, including IPOs and IR support, M&A proposing and business matching, and contribution plan implementation services. In addition, it provides investment management and advisory services; and sets up and manages investment trusts. Further, the company develops and implements operational systems; delivers system infrastructures; and offers administrative and other support services, such as data entry, forms preparation, and shipping services, as well as property management and other services. Additionally, it provides custodianship and temping, and information processing services. It primarily serves individual, corporate, and institutional clients. The company was formerly known as Okasan Holdings, Inc. and changed its name to Okasan Securities Group Inc. in October 2008. Okasan Securities Group Inc. was founded in 1923 and is headquartered in Tokyo, Japan.

Details
Name: Okasan Securities Group Inc.
OKN
Exchange: DB
Founded: 1923
¥536,723,186
198,385,543
Website: http://www.okasan.jp
Address: Okasan Securities Group Inc.
1-17-6 Nihonbashi,
Chuo-ku,
Tokyo,
103-8268,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8609 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB OKN Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,595
Okasan Securities Group employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/02 23:38
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2019/11/08
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.