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Ochi Holdings

TSE:3166
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3166
TSE
¥19B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Ochi Holdings Co., Ltd., through its subsidiaries, trades in building materials in Japan. The last earnings update was 83 days ago. More info.


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3166 Share Price and Events
7 Day Returns
-3.1%
TSE:3166
-1%
JP Trade Distributors
-1.8%
JP Market
1 Year Returns
28.2%
TSE:3166
6.6%
JP Trade Distributors
10.5%
JP Market
3166 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ochi Holdings (3166) -3.1% -3.1% -9.5% 28.2% 9.6% 11.2%
JP Trade Distributors -1% -0.6% 4.5% 6.6% 23.6% 48.6%
JP Market -1.8% -1.1% 3.1% 10.5% 12.4% 24.9%
1 Year Return vs Industry and Market
  • 3166 outperformed the Trade Distributors industry which returned 6.6% over the past year.
  • 3166 outperformed the Market in Japan which returned 10.5% over the past year.
Price Volatility
3166
Industry
5yr Volatility vs Market
Related Companies

3166 Value

 Is Ochi 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 Ochi 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 Ochi Holdings.

TSE:3166 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 6.8%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

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 TSE:3166
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 30.86%) (31.31%))
1.093
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.093 * 6.33%)
6.83%

Discounted Cash Flow Calculation for TSE:3166 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ochi 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.

TSE:3166 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.83%)
2020 1,702.28 Est @ 0.88% 1,593.45
2021 1,712.28 Est @ 0.59% 1,500.34
2022 1,718.86 Est @ 0.38% 1,409.82
2023 1,723.02 Est @ 0.24% 1,322.88
2024 1,725.48 Est @ 0.14% 1,240.07
2025 1,726.73 Est @ 0.07% 1,161.64
2026 1,727.14 Est @ 0.02% 1,087.63
2027 1,726.96 Est @ -0.01% 1,018.00
2028 1,726.37 Est @ -0.03% 952.59
2029 1,725.49 Est @ -0.05% 891.23
Present value of next 10 years cash flows ¥12,177.00
TSE:3166 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥1,725.49 × (1 + -0.09%) ÷ (6.83% – -0.09%)
¥24,913.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥24,913.37 ÷ (1 + 6.83%)10
¥12,867.99
TSE:3166 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥12,177.00 + ¥12,867.99
¥25,044.99
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥25,044.99 / 13.02
¥1923.43
TSE:3166 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,923.43
Current discount Discount to share price of ¥1,445.00
= -1 x (¥1,445.00 - ¥1,923.43) / ¥1,923.43
24.9%

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

Current Discount
Amount off the current price Ochi Holdings is available for.
Intrinsic value
25%
Share price is ¥1445 vs Future cash flow value of ¥1923.43
Current Discount Checks
For Ochi Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ochi Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ochi Holdings'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 Ochi Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ochi Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:3166 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥120.79
TSE:3166 Share Price ** TSE (2020-01-28) in JPY ¥1445
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.75x
Japan Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 15.74x

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

** Primary Listing of Ochi Holdings.

TSE:3166 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3166 Share Price ÷ EPS (both in JPY)

= 1445 ÷ 120.79

11.96x

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

  • Ochi Holdings is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • Ochi Holdings is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Ochi Holdings's expected growth come at a high price?
Raw Data
TSE:3166 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.96x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Trade Distributors Industry PEG Ratio Median Figure of 21 Publicly-Listed Trade Distributors Companies 2.09x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.83x

*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 Ochi Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ochi Holdings's assets?
Raw Data
TSE:3166 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,146.46
TSE:3166 Share Price * TSE (2020-01-28) in JPY ¥1445
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.73x
Japan Market PB Ratio Median Figure of 3,547 Publicly-Listed Companies 1.14x
TSE:3166 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3166 Share Price ÷ Book Value per Share (both in JPY)

= 1445 ÷ 1,146.46

1.26x

* Primary Listing of Ochi Holdings.

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

  • Ochi Holdings is overvalued based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess Ochi 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 Trade Distributors 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 Trade Distributors industry average (and greater than 0)? (1 check)
  5. Ochi 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.

3166 Future Performance

 How is Ochi Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ochi Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.1%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ochi Holdings expected to grow at an attractive rate?
  • Unable to compare Ochi Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ochi Holdings's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Ochi Holdings's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:3166 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.1%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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
TSE:3166 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.
TSE:3166 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:3166 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 107,405 2,551 1,581
2019-06-30 105,695 1,428
2019-03-31 104,671 1,808 1,384
2018-12-31 102,024 1,273
2018-09-30 98,971 2,210 1,232
2018-06-30 96,534 1,330
2018-03-31 95,028 2,321 1,361
2017-12-31 94,383 1,459
2017-09-30 93,835 2,401 1,419
2017-06-30 92,620 1,409
2017-03-31 90,952 2,700 1,380
2016-12-31 88,971 1,248

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ochi Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if Ochi 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
TSE:3166 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 Ochi Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:3166 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:3166 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 120.79
2019-06-30 108.69
2019-03-31 104.94
2018-12-31 96.20
2018-09-30 92.87
2018-06-30 100.01
2018-03-31 102.10
2017-12-31 109.28
2017-09-30 106.28
2017-06-30 105.53
2017-03-31 103.36
2016-12-31 93.47

*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 Ochi Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Check out Ochi Holdings's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Ochi Holdings's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Ochi 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 Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan 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.
Ochi Holdings 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.

3166 Past Performance

  How has Ochi 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 Ochi Holdings's growth in the last year to its industry (Trade Distributors).
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.
  • Ochi Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Ochi Holdings's 1-year earnings growth exceeds its 5-year average (28.3% vs 4.6%)
  • Ochi Holdings's earnings growth has exceeded the JP Trade Distributors industry average in the past year (28.3% vs -3.6%).
Earnings and Revenue History
Ochi 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 Ochi Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:3166 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 107,405.00 1,581.00 10,734.00
2019-06-30 105,695.00 1,428.00 10,638.00
2019-03-31 104,671.00 1,384.00 10,401.00
2018-12-31 102,024.00 1,273.00 10,199.00
2018-09-30 98,971.00 1,232.00 9,796.00
2018-06-30 96,534.00 1,330.00 9,442.00
2018-03-31 95,028.00 1,361.00 9,230.00
2017-12-31 94,383.00 1,459.00 9,059.00
2017-09-30 93,835.00 1,419.00 8,989.00
2017-06-30 92,620.00 1,409.00 8,753.00
2017-03-31 90,952.00 1,380.00 8,580.00
2016-12-31 88,971.00 1,248.00 8,437.00
2016-09-30 86,492.00 1,206.00 8,270.00
2016-06-30 85,557.00 1,219.00 8,182.00
2016-03-31 84,525.00 1,153.00 8,090.00
2015-12-31 85,178.00 1,206.00 7,989.00
2015-09-30 84,410.00 1,171.00 7,867.00
2015-06-30 83,790.00 1,107.00 7,804.00
2015-03-31 83,469.00 1,107.00 7,780.00
2014-12-31 86,748.00 1,198.00 7,963.00
2014-09-30 89,401.00 1,286.00 8,034.00
2014-06-30 90,663.00 1,346.00 8,054.00
2014-03-31 91,323.00 1,454.00 8,023.00
2013-12-31 86,413.00 1,367.00 7,893.00
2013-09-30 83,997.00 1,383.00 7,779.00
2013-06-30 81,344.00 1,359.00 7,635.00
2013-03-31 79,253.00 1,287.00 7,522.00

*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.
  • Ochi Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ochi Holdings used its assets less efficiently than the JP Trade Distributors industry average last year based on Return on Assets.
  • Ochi Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ochi 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 Trade Distributors 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.
Ochi Holdings has a total score of 4/6, 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.

3166 Health

 How is Ochi 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 Ochi Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ochi Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ochi Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ochi 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 5.9x 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 Ochi Holdings Company Filings, last reported 3 months ago.

TSE:3166 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 14,962.00 5,891.00 6,822.00
2019-06-30 14,473.00 6,181.00 6,776.00
2019-03-31 14,408.00 6,388.00 6,912.00
2018-12-31 14,225.00 7,003.00 7,071.00
2018-09-30 14,131.00 7,192.00 7,223.00
2018-06-30 13,857.00 5,588.00 7,700.00
2018-03-31 13,776.00 3,827.00 7,312.00
2017-12-31 13,790.00 3,816.00 6,958.00
2017-09-30 13,367.00 3,914.00 6,095.00
2017-06-30 12,920.00 4,294.00 6,507.00
2017-03-31 12,734.00 4,451.00 6,728.00
2016-12-31 12,385.00 4,917.00 6,030.00
2016-09-30 11,960.00 4,504.00 4,951.00
2016-06-30 11,581.00 4,794.00 5,366.00
2016-03-31 11,426.00 4,821.00 5,286.00
2015-12-31 11,360.00 5,253.00 5,153.00
2015-09-30 11,006.00 4,472.00 3,203.00
2015-06-30 10,687.00 4,613.00 3,796.00
2015-03-31 10,590.00 5,017.00 4,449.00
2014-12-31 10,256.00 4,382.00 4,646.00
2014-09-30 9,964.00 3,560.00 4,027.00
2014-06-30 9,628.00 3,835.00 5,216.00
2014-03-31 9,417.00 4,168.00 5,323.00
2013-12-31 9,135.00 4,674.00 4,798.00
2013-09-30 8,709.00 4,811.00 3,340.00
2013-06-30 8,259.00 5,224.00 3,775.00
2013-03-31 8,047.00 5,515.00 3,904.00
  • Ochi Holdings's level of debt (39%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.1% vs 39% today).
  • Debt is well covered by operating cash flow (43.7%, greater than 20% of total debt).
  • Ochi Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Ochi 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. Ochi 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.

3166 Dividends

 What is Ochi 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
1.8%
Current annual income from Ochi Holdings dividends.
If you bought ¥2,000 of Ochi Holdings shares you are expected to receive ¥36 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?
  • Ochi Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • Ochi Holdings's dividend is below the markets top 25% of dividend payers in Japan (2.99%).
Upcoming dividend payment

Purchase Ochi Holdings before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:3166 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
Japan Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 106 Stocks 3.8%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2975 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

TSE:3166 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:3166 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-06 26.000 1.820
2019-11-05 26.000 1.864
2019-06-26 26.000 2.143
2019-05-08 26.000 2.190
2019-02-05 24.000 1.951
2019-02-04 24.000 2.123
2018-11-06 24.000 2.058
2018-11-05 24.000 1.914
2018-06-28 24.000 1.797
2018-05-07 24.000 1.576
2018-02-06 20.000 1.380
2018-02-05 20.000 1.411
2017-11-07 20.000 1.361
2017-11-06 20.000 1.417
2017-06-29 20.000 1.476
2017-05-08 20.000 1.481
2017-02-07 18.000 1.323
2017-02-06 18.000 1.311
2016-11-07 18.000 1.496
2016-11-04 18.000 1.679
2016-08-04 18.000 1.739
2016-06-29 10.000 0.981
2016-05-06 18.000 1.775
2016-02-05 10.000 0.982
2016-02-04 10.000 0.982
2015-11-05 10.000 0.955
2015-11-04 10.000 0.975
2015-06-26 10.000 0.900
2015-05-07 10.000 0.738
2015-02-05 10.000 0.701
2015-02-04 10.000 0.715
2014-11-05 10.000 0.826
2014-11-04 10.000 1.362
2014-06-27 6.667 0.959
2014-05-07 6.667 1.091
2014-02-06 6.667 1.041
2014-02-05 6.667 1.044
2014-02-03 6.667 1.062

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

  • Whilst dividend payments have been stable, Ochi Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Ochi Holdings only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Ochi Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.8x 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 Ochi 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 Ochi Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ochi Holdings has a total score of 2/6, see the detailed checks below.


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

3166 Management

 What is the CEO of Ochi 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
Michihiro Ochi
AGE 62
TENURE AS CEO 9.3 years
CEO Bio

Mr. Michihiro Ochi has been the President of Ochi Sangyo Co., Ltd. since June 1991, Ochi Holdings Co.,Ltd. since October 2010 and Ochi Work Service K.K. since January 1995. He joined Bank of Fukuoka, Ltd. in April 1979. He joined Ochi Sangyo Co., Ltd. in June 1987 and served as its Manager of Accounting Department since July 1989. He served as President of Winterior K.K. (K.K. Shinken) since April 1997. He served as President of Westhouser K.K. since November 2000. He has been a Director of JUTEC Holdings Corporation since October 2009. He has been a Director of KUWAZAWA Corp. since June 1999. He has been Representative Director of Ochi Sangyo Co., Ltd. since June 1991, Ochi Holdings Co.,Ltd. since October 2010 and Ochi Work Service K.K. since January 1995. He served as Representative Director of Nishinihon Framing K.K. since March 1996. He served as an External Director of Kuwazawa Trading Co. Ltd. since June 1999. He served as a Representative Director of Winterior K.K. (K.K. Shinken) since April 1997. He served as Director of Nippon Veneer K.K. (JUTEC Corp.) since June 1999. Mr. Ochi served as a Representative Director of Westhouser K.K. since November 2000.

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

Average tenure and age of the Ochi Holdings management team in years:

4.3
Average Tenure
62
Average Age
  • The tenure for the Ochi Holdings management team is about average.
Management Team

Michihiro Ochi

TITLE
President and Representative Director
AGE
62
TENURE
9.3 yrs

Toshio Sako

TITLE
Executive Officer
AGE
62
TENURE
4.1 yrs

Kazuhisa Hagio

TITLE
Executive Officer
AGE
69
TENURE
1 yrs

Yasunori Takahashi

TITLE
Executive Officer
AGE
72
TENURE
9.3 yrs

Michinobu Ochi

TITLE
Executive Officer
AGE
57
TENURE
5.8 yrs

Kazuhiro Furukawa

TITLE
Executive Officer
AGE
61
TENURE
1 yrs

Toshiro Taneda

TITLE
Executive Officer & GM of Environmental Amenity Division
AGE
68
TENURE
1 yrs

Kiyofumi Habu

TITLE
Executive Officer
AGE
61
TENURE
4.6 yrs
Board of Directors Tenure

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

9.3
Average Tenure
62
Average Age
  • The tenure for the Ochi Holdings board of directors is about average.
Board of Directors

Michihiro Ochi

TITLE
President and Representative Director
AGE
62
TENURE
9.3 yrs

Toshio Sako

TITLE
Executive Officer
AGE
62
TENURE
9.3 yrs

Kazuhisa Hagio

TITLE
Executive Officer
AGE
69
TENURE
9.3 yrs

Yasunori Takahashi

TITLE
Executive Officer
AGE
72
TENURE
9.3 yrs

Michinobu Ochi

TITLE
Executive Officer
AGE
57
TENURE
9.3 yrs

Kiyofumi Habu

TITLE
Executive Officer
AGE
61
TENURE
4.6 yrs

Masahiro Okuno

TITLE
External Director
AGE
71
TENURE
7.6 yrs

Hiroshi Eto

TITLE
External Director
AGE
70

Miyuki Matsuda

TITLE
External Director
TENURE
4.6 yrs

Yusaku Matsuoka

TITLE
External Director
AGE
49
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 Ochi 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. Ochi 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.

3166 News

Simply Wall St News

3166 Company Info

Description

Ochi Holdings Co., Ltd., through its subsidiaries, trades in building materials in Japan. It engages in the wholesale of construction materials and housing equipment, such as wood building materials, plywood, eco-related goods, etc. The company also wholesales and sells air conditioning equipment, heating equipment, cooling equipment, household goods, etc.; and processes, manufactures, and sells wood precuts 2 x 4 panels for wooden houses. In addition, it is involved in the nursing care related business in the construction industry; and sale of industrial materials. Ochi Holdings Co., Ltd. was founded in 1955 and is based in Fukuoka, Japan.

Details
Name: Ochi Holdings Co., Ltd.
3166
Exchange: TSE
Founded: 1955
¥18,815,304,540
13,020,972
Website: http://www.ochiholdings.co.jp
Address: Ochi Holdings Co., Ltd.
3-12-20, Ninotsu,
Chuo-ku,
Fukuoka,
Fukuoka, 810-0071,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3166 Common Stock The Tokyo Stock Exchange JP JPY 27. Feb 1996
Number of employees
Current staff
Staff numbers
1,258
Ochi Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 15:30
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/11/06
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.