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ZENKOKU HOSHOLtd

DB:ZKH
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZKH
DB
¥286B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

ZENKOKU HOSHO Co.,Ltd. engages in credit guarantee business in Japan. The last earnings update was 68 days ago. More info.


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ZKH Share Price and Events
7 Day Returns
1.8%
DB:ZKH
5%
DE Diversified Financial
2.8%
DE Market
1 Year Returns
7.8%
DB:ZKH
1.4%
DE Diversified Financial
3%
DE Market
ZKH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ZENKOKU HOSHOLtd (ZKH) 1.8% 3.7% -0.6% 7.8% -6.2% 60.5%
DE Diversified Financial 5% 7.8% -5% 1.4% 75.8% 333.7%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • ZKH outperformed the Diversified Financial industry which returned 1.4% over the past year.
  • ZKH outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
ZKH
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for ZENKOKU HOSHOLtd's competitors could be found in our database.

ZKH Value

 Is ZENKOKU HOSHOLtd 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 ZENKOKU HOSHOLtd 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 ZENKOKU HOSHOLtd.

DB:ZKH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= ¥2,427.42 * 17.4%
¥421.89
Book Value of Equity per Share Weighted future Book Value estimates from 4 analysts. ¥2,427.42
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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:ZKH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 30.86%) (0%))
0.812
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.812 * 5.96%)
5.07%

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

The calculations below outline how an intrinsic value for ZENKOKU HOSHOLtd 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:ZKH Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (17.4% – 5.07%) * ¥2,427.42)
¥298.87
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥298.87 / (5.07% - 0.23%)
¥6,174.92
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥2,427.42 + ¥6,174.92
¥8602.34
DB:ZKH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ZKH represents 0.00834x of TSE:7164
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00834x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 8,602.34 x 0.00834
€71.72
Value per share (EUR) From above. €71.72
Current discount Discount to share price of €34.60
= -1 x (€34.60 - €71.72) / €71.72
51.8%

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

Current Discount
Amount off the current price ZENKOKU HOSHOLtd is available for.
Intrinsic value
>50%
Share price is €34.6 vs Future cash flow value of €71.72
Current Discount Checks
For ZENKOKU HOSHOLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ZENKOKU HOSHOLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ZENKOKU HOSHOLtd's share price is below the future cash flow value, and 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 ZENKOKU HOSHOLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ZENKOKU HOSHOLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ZKH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in JPY ¥357.67
TSE:7164 Share Price ** TSE (2019-10-11) in JPY ¥4150
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of ZENKOKU HOSHOLtd.

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

= TSE:7164 Share Price ÷ EPS (both in JPY)

= 4150 ÷ 357.67

11.6x

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

  • ZENKOKU HOSHOLtd is good value based on earnings compared to the DE Diversified Financial industry average.
  • ZENKOKU HOSHOLtd is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does ZENKOKU HOSHOLtd's expected growth come at a high price?
Raw Data
DB:ZKH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
5.4%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.6x ÷ 5.4%

2.14x

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

  • ZENKOKU HOSHOLtd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ZENKOKU HOSHOLtd's assets?
Raw Data
DB:ZKH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in JPY ¥1,822.52
TSE:7164 Share Price * TSE (2019-10-11) in JPY ¥4150
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:ZKH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7164 Share Price ÷ Book Value per Share (both in JPY)

= 4150 ÷ 1,822.52

2.28x

* Primary Listing of ZENKOKU HOSHOLtd.

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

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

ZKH Future Performance

 How is ZENKOKU HOSHOLtd expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ZENKOKU HOSHOLtd expected to grow at an attractive rate?
  • ZENKOKU HOSHOLtd's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • ZENKOKU HOSHOLtd's earnings growth is positive but not above the Germany market average.
  • ZENKOKU HOSHOLtd's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ZKH Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ZKH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 5.4%
DB:ZKH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.6%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:ZKH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ZKH Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 54,033 29,757 1
2022-03-31 51,289 42,761 28,869 5
2021-03-31 48,802 41,275 27,395 6
2020-03-31 45,896 26,342 25,763 6
DB:ZKH Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-06-30 43,814 31,946 24,600
2019-03-31 43,204 32,812 24,134
2018-12-31 41,280 32,447 23,087
2018-09-30 40,581 33,031 22,678
2018-06-30 40,381 34,520 22,440
2018-03-31 39,599 34,911 22,052
2017-12-31 37,405 33,486 20,705
2017-09-30 36,871 33,743 20,517
2017-06-30 36,361 33,249 20,284
2017-03-31 35,918 32,968 19,530
2016-12-31 34,367 31,374 17,997
2016-09-30 33,671 30,525 17,414

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ZENKOKU HOSHOLtd's earnings are expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
  • ZENKOKU HOSHOLtd's revenue is expected to grow by 5.6% 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:ZKH 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 6 Analyst Estimates (S&P Global) See Below

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

DB:ZKH Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31 419.65 453.20 407.70 5.00
2021-03-31 398.23 422.10 387.28 6.00
2020-03-31 374.52 389.00 365.94 6.00
DB:ZKH Past Financials Data
Date (Data in JPY Millions) EPS *
2019-06-30 357.67
2019-03-31 350.91
2018-12-31 335.71
2018-09-30 329.79
2018-06-30 326.34
2018-03-31 320.70
2017-12-31 301.12
2017-09-30 298.38
2017-06-30 294.99
2017-03-31 284.03
2016-12-31 261.73
2016-09-30 253.25

*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.
  • ZENKOKU HOSHOLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ZENKOKU HOSHOLtd'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 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.
ZENKOKU HOSHOLtd 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.

ZKH Past Performance

  How has ZENKOKU HOSHOLtd 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 ZENKOKU HOSHOLtd's growth in the last year to its industry (Diversified Financial).
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.
  • ZENKOKU HOSHOLtd's year on year earnings growth rate has been positive over the past 5 years.
  • ZENKOKU HOSHOLtd's 1-year earnings growth is less than its 5-year average (9.6% vs 14.3%)
  • ZENKOKU HOSHOLtd's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (9.6% vs 3.5%).
Earnings and Revenue History
ZENKOKU HOSHOLtd'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 ZENKOKU HOSHOLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZKH Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 43,814.00 24,600.00 5,973.00
2019-03-31 43,204.00 24,134.00 5,709.00
2018-12-31 41,280.00 23,087.00 5,427.00
2018-09-30 40,581.00 22,678.00 5,377.00
2018-06-30 40,381.00 22,440.00 5,113.00
2018-03-31 39,599.00 22,052.00 5,116.00
2017-12-31 37,405.00 20,705.00 4,848.00
2017-09-30 36,871.00 20,517.00 4,820.00
2017-06-30 36,361.00 20,284.00 4,955.00
2017-03-31 35,918.00 19,530.00 4,898.00
2016-12-31 34,367.00 17,997.00 5,239.00
2016-09-30 33,671.00 17,414.00 5,206.00
2016-06-30 32,768.00 17,471.00 4,933.00
2016-03-31 31,918.00 17,204.00 4,792.00
2015-12-31 30,940.00 16,416.00 4,362.00
2015-09-30 30,365.00 16,194.00 4,231.00
2015-06-30 29,940.00 15,731.00 4,176.00
2015-03-31 29,507.00 15,112.00 4,004.00
2014-12-31 27,891.00 12,123.00 4,314.00
2014-09-30 27,637.00 11,708.00 5,546.00
2014-06-30 27,221.00 9,631.00 7,384.00
2014-03-31 27,039.00 9,381.00 8,828.00
2013-12-31 26,028.00 7,667.00 12,474.00
2013-09-30 25,768.00 6,940.00 13,501.00
2013-06-30 25,230.00 7,024.50 13,469.50
2013-03-31 25,030.00 6,807.00 13,815.00

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

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

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

ZKH Health

 How is ZENKOKU HOSHOLtd'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 ZENKOKU HOSHOLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ZENKOKU HOSHOLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ZENKOKU HOSHOLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ZENKOKU HOSHOLtd'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.
  • ZENKOKU HOSHOLtd has no debt, it does not need to be covered by short term assets.
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 ZENKOKU HOSHOLtd Company Filings, last reported 3 months ago.

DB:ZKH Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 125,355.00 0.00 161,305.00
2019-03-31 126,997.00 0.00 182,076.00
2018-12-31 115,581.00 0.00 165,175.00
2018-09-30 111,341.00 0.00 162,528.00
2018-06-30 106,824.00 0.00 165,596.00
2018-03-31 108,126.00 0.00 191,439.00
2017-12-31 97,932.00 0.00 180,089.00
2017-09-30 94,041.00 0.00 194,214.00
2017-06-30 89,735.00 0.00 185,542.00
2017-03-31 90,148.00 0.00 177,674.00
2016-12-31 81,416.00 0.00 164,581.00
2016-09-30 77,621.00 0.00 156,867.00
2016-06-30 73,511.00 0.00 155,942.00
2016-03-31 74,113.00 0.00 156,366.00
2015-12-31 66,987.00 0.00 127,991.00
2015-09-30 63,926.00 0.00 124,927.00
2015-06-30 59,950.00 0.00 118,819.00
2015-03-31 60,523.00 0.00 123,792.00
2014-12-31 54,428.00 0.00 118,426.00
2014-09-30 51,176.00 0.00 115,308.00
2014-06-30 47,535.00 0.00 124,597.00
2014-03-31 47,288.00 0.00 125,628.00
2013-12-31 43,976.00 0.00 113,454.00
2013-09-30 41,302.00 0.00 103,619.00
2013-06-30 39,680.00 0.00 104,745.00
2013-03-31 39,340.00 0.00 110,479.00
  • ZENKOKU HOSHOLtd has no debt.
  • ZENKOKU HOSHOLtd has not taken on any debt in the past 5 years.
  • ZENKOKU HOSHOLtd has no debt, it does not need to be covered by operating cash flow.
  • ZENKOKU HOSHOLtd has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ZENKOKU HOSHOLtd'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. ZENKOKU HOSHOLtd has a total score of 6/6, 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.

ZKH Dividends

 What is ZENKOKU HOSHOLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ZENKOKU HOSHOLtd dividends. Estimated to be 2.39% next year.
If you bought €2,000 of ZENKOKU HOSHOLtd shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ZENKOKU HOSHOLtd's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ZENKOKU HOSHOLtd's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ZKH 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 6 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:ZKH Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 121.00 1.00
2022-03-31 104.00 4.00
2021-03-31 98.00 5.00
2020-03-31 92.00 5.00

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

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


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

ZKH Management

 What is the CEO of ZENKOKU HOSHOLtd'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
Eiji Ishikawa
AGE 55
TENURE AS CEO 13.3 years
CEO Bio

Mr. Eiji Ishikawa has been the President of ZENKOKU HOSHO Co.,Ltd. since July 2006. Mr. Ishikawa joined The Johnan Shinkin Bank, Ltd. in April 1987. Mr. Ishikawa joined ZENKOKU HOSHO Co., Ltd. in January 1990. Mr. Ishikawa served as Manager of Yokohama Branch at ZENKOKU HOSHO Co., Ltd. since February 1997 and served as its Manager of Administration; Executive Officer; Manager of Fukuoka Branch Manager of General Affairs; General Manager; President’s Office Executive Officer; General Manager of Business Administration; Manager of Related Businesses Division; General Manager of Public Preparedness and Manager of Related Businesses Division. Mr. Ishikawa has been a Representative Director of ZENKOKU HOSHO Co.,Ltd. since July 2006.

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

Average tenure and age of the ZENKOKU HOSHOLtd management team in years:

8.3
Average Tenure
52
Average Age
  • The average tenure for the ZENKOKU HOSHOLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Eiji Ishikawa

TITLE
President & Representative Director
AGE
55
TENURE
13.3 yrs

Takashi Yamaguchi

TITLE
MD, GM of Operations Division & Director
AGE
49
TENURE
8.3 yrs

Yuichi Aoki

TITLE
GM of Administrative Division
AGE
48

Akira Komatsu

TITLE
Executive Officer

Toshihiro Hara

TITLE
Chief of Credit Administration Center

Keiichi Asada

TITLE
Executive Officer
AGE
58
TENURE
1.7 yrs
Board of Directors Tenure

Average tenure and age of the ZENKOKU HOSHOLtd board of directors in years:

8.3
Average Tenure
64
Average Age
  • The tenure for the ZENKOKU HOSHOLtd board of directors is about average.
Board of Directors

Takashi Yamaguchi

TITLE
MD, GM of Operations Division & Director
AGE
49
TENURE
8.3 yrs

Yuichi Aoki

TITLE
GM of Administrative Division
AGE
48

Keiichi Asada

TITLE
Executive Officer
AGE
58
TENURE
1.3 yrs

Masahito Kamijo

TITLE
Outside Independent Director
AGE
65
TENURE
1.3 yrs

Eiji Ishikawa

TITLE
President & Representative Director
AGE
55
TENURE
13.3 yrs

Yoshiro Nagashima

TITLE
Outside Independent Director
AGE
67
TENURE
1.3 yrs

Masaharu Hino

TITLE
Audit & Supervisory Board Member
AGE
83
TENURE
12.8 yrs

Yasushi Haneda

TITLE
Audit & Supervisory Board Member
AGE
80
TENURE
10.3 yrs

Kenichi Meguro

TITLE
Audit & Supervisory Board Member
AGE
72
TENURE
9.3 yrs

Mamoru Fujino

TITLE
Full-Time Audit & Supervisory Board Member
AGE
63
TENURE
4.3 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 ZENKOKU HOSHOLtd'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. ZENKOKU HOSHOLtd 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.

ZKH News

Simply Wall St News

ZKH Company Info

Description

ZENKOKU HOSHO Co.,Ltd. engages in credit guarantee business in Japan. The company is also involved in property insurance surrogate, life insurance recruitment, and credit research businesses; and the provision of contract management, consignment, substitution, and information processing services. In addition, it engages in debt collection business. The company was founded in 1981 and is headquartered in Tokyo, Japan.

Details
Name: ZENKOKU HOSHO Co.,Ltd.
ZKH
Exchange: DB
Founded: 1981
¥2,382,913,176
68,871,790
Website: http://www.zenkoku.co.jp
Address: ZENKOKU HOSHO Co.,Ltd.
Otemachi Nomura Building,
24th Floor,
Tokyo,
100-0004,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7164 Share Capital The Tokyo Stock Exchange JP JPY 19. Dec 2012
DB ZKH Share Capital Deutsche Boerse AG DE EUR 19. Dec 2012
OTCPK ZNKK.Y UNSPONSORD ADR Pink Sheets LLC US USD 20. Jun 2017
Number of employees
Current staff
Staff numbers
256
ZENKOKU HOSHOLtd employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 22:50
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/09
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
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.