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Takara Holdings

DB:TAX
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TAX
DB
¥213B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Takara Holdings Inc., through its subsidiaries, primarily manufactures and sells alcoholic beverages, seasonings, and raw alcohol worldwide. The last earnings update was 64 days ago. More info.


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TAX Share Price and Events
7 Day Returns
0%
DB:TAX
-0.2%
DE Beverage
2.5%
DE Market
1 Year Returns
-29.6%
DB:TAX
4.9%
DE Beverage
2.6%
DE Market
TAX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Takara Holdings (TAX) 0% -0.7% -5.3% -29.6% 6.8% 65.8%
DE Beverage -0.2% 2.3% -1.1% 4.9% 24.3% 68.1%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • TAX underperformed the Beverage industry which returned 4.9% over the past year.
  • TAX underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
TAX
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Takara Holdings's competitors could be found in our database.

Value

 Is Takara Holdings 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 Takara Holdings 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 Takara Holdings.

DB:TAX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5%
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:TAX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.51
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.508 (1 + (1- 30.86%) (18.93%))
0.715
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:TAX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Takara Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:TAX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5%)
2020 5,784.71 Est @ 3.23% 5,509.45
2021 5,919.50 Est @ 2.33% 5,369.57
2022 6,020.10 Est @ 1.7% 5,200.98
2023 6,095.84 Est @ 1.26% 5,015.82
2024 6,153.69 Est @ 0.95% 4,822.49
2025 6,198.78 Est @ 0.73% 4,626.68
2026 6,234.81 Est @ 0.58% 4,432.15
2027 6,264.45 Est @ 0.48% 4,241.32
2028 6,289.58 Est @ 0.4% 4,055.71
2029 6,311.54 Est @ 0.35% 3,876.21
Present value of next 10 years cash flows ¥47,150.00
DB:TAX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥6,311.54 × (1 + 0.23%) ÷ (5% – 0.23%)
¥132,674.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥132,674.67 ÷ (1 + 5%)10
¥81,481.77
DB:TAX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥47,150.00 + ¥81,481.77
¥128,631.77
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥128,631.77 / 199.63
¥644.35
DB:TAX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TAX represents 0.00833x of TSE:2531
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00833x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 644.35 x 0.00833
€5.37
Value per share (EUR) From above. €5.37
Current discount Discount to share price of €8.90
= -1 x (€8.90 - €5.37) / €5.37
-65.7%

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

  • The current share price of Takara Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Takara Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Takara Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TAX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in JPY ¥50.31
TSE:2531 Share Price ** TSE (2019-10-11) in JPY ¥1068
Germany Beverage Industry PE Ratio Median Figure of 7 Publicly-Listed Beverage Companies 27.57x
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 Takara Holdings.

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

= TSE:2531 Share Price ÷ EPS (both in JPY)

= 1068 ÷ 50.31

21.23x

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

  • Takara Holdings is good value based on earnings compared to the DE Beverage industry average.
  • Takara Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Takara Holdings's expected growth come at a high price?
Raw Data
DB:TAX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
10.2%per year
Europe Beverage Industry PEG Ratio Median Figure of 31 Publicly-Listed Beverage Companies 2.84x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Takara Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Takara Holdings's assets?
Raw Data
DB:TAX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in JPY ¥731.85
TSE:2531 Share Price * TSE (2019-10-11) in JPY ¥1068
Germany Beverage Industry PB Ratio Median Figure of 8 Publicly-Listed Beverage Companies 1.56x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:TAX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2531 Share Price ÷ Book Value per Share (both in JPY)

= 1068 ÷ 731.85

1.46x

* Primary Listing of Takara Holdings.

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

  • Takara Holdings is good value based on assets compared to the DE Beverage industry average.
X
Value checks
We assess Takara Holdings'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Takara Holdings 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 Takara Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Takara Holdings, future earnings growth has been estimated based on fundamentals.
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
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Takara Holdings expected to grow at an attractive rate?
  • Takara Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Takara Holdings's earnings growth is positive but not above the Germany market average.
  • Unable to compare Takara Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TAX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TAX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 10.2%
Germany Beverage Industry Earnings Growth Rate Market Cap Weighted Average -0.7%
Europe Beverage Industry Revenue Growth Rate Market Cap Weighted Average 4.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
DB:TAX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TAX Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:TAX Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-06-30 277,791 10,043
2019-03-31 277,443 13,508 10,411
2018-12-31 274,498 9,585
2018-09-30 273,274 17,236 12,160
2018-06-30 271,743 12,203
2018-03-31 268,142 16,265 11,029
2017-12-31 266,241 10,000
2017-09-30 255,539 13,652 8,750
2017-06-30 245,250 8,559
2017-03-31 234,193 12,826 8,480
2016-12-31 227,332 9,385
2016-09-30 225,939 13,624 7,707

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Takara Holdings's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Takara Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TAX 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 0 Analyst Estimates (S&P Global) See Below

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

DB:TAX Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:TAX Past Financials Data
Date (Data in JPY Millions) EPS *
2019-06-30 50.31
2019-03-31 52.15
2018-12-31 48.01
2018-09-30 60.85
2018-06-30 60.94
2018-03-31 54.97
2017-12-31 49.74
2017-09-30 43.48
2017-06-30 42.53
2017-03-31 42.14
2016-12-31 46.64
2016-09-30 38.30

*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 Takara Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Takara Holdings'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.
Takara Holdings has a total score of 1/6, 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 Takara Holdings 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 Takara Holdings's growth in the last year to its industry (Beverage).
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.
  • Takara Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Takara Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Takara Holdings's 1-year earnings growth is negative, it can't be compared to the DE Beverage industry average.
Earnings and Revenue History
Takara Holdings'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 Takara Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TAX Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 277,791.00 10,043.00 82,913.00 4,708.00
2019-03-31 277,443.00 10,411.00 82,571.00 4,708.00
2018-12-31 274,498.00 9,585.00 82,074.00 5,063.00
2018-09-30 273,274.00 12,160.00 81,514.00 5,063.00
2018-06-30 271,743.00 12,203.00 80,343.00 5,063.00
2018-03-31 268,142.00 11,029.00 80,349.00 5,063.00
2017-12-31 266,241.00 10,000.00 80,756.00 4,550.00
2017-09-30 255,539.00 8,750.00 77,818.00 4,550.00
2017-06-30 245,250.00 8,559.00 76,019.00 4,550.00
2017-03-31 234,193.00 8,480.00 72,720.00 4,550.00
2016-12-31 227,332.00 9,385.00 70,483.00 4,608.00
2016-09-30 225,939.00 7,707.00 70,630.00 4,608.00
2016-06-30 226,737.00 7,477.00 70,476.00 4,608.00
2016-03-31 225,364.00 7,055.00 70,153.00 4,608.00
2015-12-31 223,686.00 6,268.00 70,720.00 3,754.00
2015-09-30 225,294.00 6,403.00 69,808.00 3,754.00
2015-06-30 220,403.00 5,557.00 68,563.00 3,754.00
2015-03-31 219,490.00 5,706.00 67,408.00 3,754.00
2014-12-31 216,103.00 5,761.00 66,454.00 3,376.00
2014-09-30 213,137.00 5,499.00 65,349.00 3,376.00
2014-06-30 212,640.00 11,177.00 64,743.00 3,376.00
2014-03-31 209,568.00 10,280.00 64,556.00 3,376.00
2013-12-31 205,483.00 10,364.00 63,922.00 3,090.00
2013-09-30 202,839.00 10,891.00 63,479.00 3,090.00
2013-06-30 200,593.00 4,691.00 62,981.00 3,090.00
2013-03-31 200,989.00 4,687.00 62,569.00 3,090.00
2012-12-31 199,800.00 4,597.00 62,515.00 3,027.00

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

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

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

Health

 How is Takara Holdings'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 Takara Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Takara Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Takara Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Takara Holdings'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.3x 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 Takara Holdings Company Filings, last reported 3 months ago.

DB:TAX Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 178,199.00 40,356.00 62,452.00
2019-03-31 179,794.00 40,375.00 65,504.00
2018-12-31 179,519.00 40,396.00 60,093.00
2018-09-30 175,636.00 40,537.00 62,278.00
2018-06-30 171,320.00 40,473.00 62,933.00
2018-03-31 176,216.00 40,841.00 67,475.00
2017-12-31 175,764.00 42,274.00 52,869.00
2017-09-30 167,487.00 45,843.00 60,079.00
2017-06-30 163,097.00 50,538.00 61,895.00
2017-03-31 165,919.00 40,202.00 71,310.00
2016-12-31 158,980.00 39,320.00 61,553.00
2016-09-30 147,345.00 34,932.00 59,187.00
2016-06-30 150,397.00 35,053.00 62,585.00
2016-03-31 156,147.00 35,249.00 66,624.00
2015-12-31 158,715.00 35,652.00 60,846.00
2015-09-30 155,694.00 35,819.00 59,928.00
2015-06-30 153,923.00 35,712.00 56,417.00
2015-03-31 158,404.00 40,626.00 68,318.00
2014-12-31 153,529.00 40,987.00 64,389.00
2014-09-30 145,760.00 41,024.00 65,744.00
2014-06-30 144,712.00 31,102.00 56,394.00
2014-03-31 146,421.00 31,224.00 62,549.00
2013-12-31 142,763.00 31,161.00 54,747.00
2013-09-30 138,608.00 31,035.00 62,159.00
2013-06-30 114,955.00 30,555.00 44,347.00
2013-03-31 114,317.00 35,423.00 52,049.00
2012-12-31 109,746.00 35,495.00 40,959.00
  • Takara Holdings's level of debt (22.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (21.6% vs 22.6% today).
  • Debt is well covered by operating cash flow (33.5%, greater than 20% of total debt).
  • Takara Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Takara Holdings'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. Takara Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Takara Holdings'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
1.87%
Current annual income from Takara Holdings dividends.
If you bought €2,000 of Takara Holdings shares you are expected to receive €37 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?
  • Takara Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Takara Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:TAX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Beverage Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
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:TAX Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:TAX Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-27 20.000 1.863
2019-05-14 20.000 1.676
2018-06-28 18.000 1.346
2018-05-11 18.000 1.294
2018-02-09 15.000 1.191
2017-11-07 15.000 1.152
2017-06-29 14.000 1.296
2017-05-09 14.000 1.185
2017-01-30 13.000 1.119
2016-07-27 12.000 1.234
2016-06-29 11.000 1.146
2016-05-20 11.000 1.157
2015-07-29 11.000 1.270
2015-06-26 11.000 1.122
2015-05-22 11.000 1.136
2014-06-27 9.000 1.067
2014-05-26 9.000 1.139
2013-06-27 9.000 1.065
2013-05-17 9.000 0.961
2012-07-27 9.000 1.347
2012-06-28 9.000 1.777
2012-05-09 9.000 1.845
2012-01-30 8.500 1.604
2011-11-04 8.500 1.745
2011-07-29 8.500 1.942
2011-05-10 8.500 2.099
2011-01-28 8.500 1.960
2010-06-29 8.500 1.798
2010-05-11 8.500 1.812
2009-11-05 8.500 1.662
2009-05-12 8.500 1.451
2008-11-10 8.500 1.797

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Takara Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.8x 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 Takara Holdings'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 Takara Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Takara Holdings has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Takara Holdings'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
Mutsumi Kimura
AGE 56
TENURE AS CEO 1.3 years
CEO Bio

Mr. Mutsumi Kimura serves as President of Takara Holdings Inc. since June 28, 2018 and serves as its Representative Director. He joined Takara Shuzo Co., Ltd. (predecessor of Takara Holdings Inc.) in April 1985. He serves as Director of Takara Bio Inc. since April 2002. He serves as Managing Director of Takara Bio Inc. since June 2004. He serves as Senior Managing Director at Takara Bio Inc. since June 2007. He serves as Representative Director and Executive Vice President at Takara Bio Inc. since June 2009. He served as Representative Director and Executive Vice President at Takara Holdings Inc. (incumbent) since June 2016. He serves as Director of Takara Shuzo Co., Ltd. (incumbent) since June 2017. He serves as Representative Director and President at Takara Shuzo International Co., Ltd. (incumbent) since July 2017.

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

Average tenure of the Takara Holdings management team in years:

1.3
Average Tenure
  • The average tenure for the Takara Holdings management team is less than 2 years, this suggests a new team.
Management Team

Mutsumi Kimura

TITLE
President & Representative Director
AGE
56
TENURE
1.3 yrs

Takuya Kakemi

TITLE
General Manager of Investor Relations Department

Toshio Kakimoto

TITLE
Senior Adviser
AGE
69
TENURE
0.3 yrs

Kazumi Oshita

TITLE
Senior Executive Officer
TENURE
1.3 yrs

Teruaki Mitsui

TITLE
Executive Officer
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Takara Holdings board of directors in years:

3.3
Average Tenure
57
Average Age
  • The tenure for the Takara Holdings board of directors is about average.
Board of Directors

Hisashi Ohmiya

TITLE
Chairman
COMPENSATION
¥112M
AGE
76
TENURE
7.3 yrs

Mutsumi Kimura

TITLE
President & Representative Director
AGE
56
TENURE
5.3 yrs

Koichi Nakao

TITLE
Director
AGE
57
TENURE
10.3 yrs

Kenji Murata

TITLE
Director
AGE
59
TENURE
3.3 yrs

Toshihiko Yoshida

TITLE
External Director
AGE
64
TENURE
3.3 yrs

Hideo Takahashi

TITLE
Director
AGE
57
TENURE
1.3 yrs

Keisuke Mori

TITLE
Director
AGE
56
TENURE
1.3 yrs

Masako Tomotsune

TITLE
External Director
AGE
47
TENURE
1.3 yrs

Tomoko Kawakami

TITLE
External Director
AGE
54
TENURE
0.3 yrs

Kumiko Kitai

TITLE
AGE
66
TENURE
8.3 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 Takara Holdings'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. Takara Holdings 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

Takara Holdings Inc., through its subsidiaries, primarily manufactures and sells alcoholic beverages, seasonings, and raw alcohol worldwide. The company offers shochu, sake, light-alcohol refreshers, seasonings, Japanese alcoholic beverages, and whisky; research reagents and scientific instruments, such as PCR enzymes and real-time PCR systems for use in gene amplification; and contract research services, including sequencing and contract production services for iPS cells. It also provides fucoidan, a kelp; isosamidin, an herb; and other ingredients to develop health food products, as well as implements clinical development of gene therapies primarily for the treatment of cancer. In addition, the company is involved in the import, export, and wholesale of alcoholic beverages, food products, seasonings, etc.; production and sale of mushrooms; and printing, real estate leasing, marketing research, sales promotion planning, temporary staffing, transportation, warehousing, automobile service, non-life insurance agency, travel agent, etc. activities. Further, it engages in the wholesale of glass bottles; and sale of feed. Takara Holdings Inc. was founded in 1842 and is headquartered in Kyoto, Japan.

Details
Name: Takara Holdings Inc.
TAX
Exchange: DB
Founded: 1842
¥1,777,525,711
199,630,037
Website: http://www.takara.co.jp
Address: Takara Holdings Inc.
20 Naginataboko-cho,
Shijo-dori Karasuma Higashi-iru,
Kyoto,
600-8688,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2531 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
DB TAX Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
4,493
Takara Holdings employees.
Industry
Distillers and Vintners
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 22:23
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/08/09
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.