Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Tomoe Engineering

TSE:6309
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6309
TSE
¥21B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Tomoe Engineering Co., Ltd. operates as a specialized chemical products trading firm in Japan and internationally. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
6309 Share Price and Events
7 Day Returns
-2.9%
TSE:6309
-1.7%
JP Trade Distributors
-2.7%
JP Market
1 Year Returns
-11.1%
TSE:6309
1.2%
JP Trade Distributors
4.3%
JP Market
6309 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Tomoe Engineering (6309) -2.9% -6.1% -7.6% -11.1% 10.3% 23%
JP Trade Distributors -1.7% -3.1% 0% 1.2% 16.9% 32%
JP Market -2.7% -4% -0.9% 4.3% 8.9% 14.7%
1 Year Return vs Industry and Market
  • 6309 underperformed the Trade Distributors industry which returned 1.2% over the past year.
  • 6309 underperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
6309
Industry
5yr Volatility vs Market
Related Companies

6309 Value

 Is Tomoe Engineering 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 Tomoe Engineering 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 Tomoe Engineering.

TSE:6309 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 6.1%
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:6309
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 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.957 (1 + (1- 30.86%) (0%))
0.971
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.971 * 6.33%)
6.06%

Discounted Cash Flow Calculation for TSE:6309 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Tomoe Engineering 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:6309 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.06%)
2020 4,982.19 Est @ 39.89% 4,697.70
2021 6,371.94 Est @ 27.89% 5,665.03
2022 7,614.41 Est @ 19.5% 6,383.10
2023 8,651.68 Est @ 13.62% 6,838.50
2024 9,474.34 Est @ 9.51% 7,061.13
2025 10,102.40 Est @ 6.63% 7,099.29
2026 10,568.46 Est @ 4.61% 7,002.72
2027 10,906.89 Est @ 3.2% 6,814.31
2028 11,148.44 Est @ 2.21% 6,567.50
2029 11,318.26 Est @ 1.52% 6,286.81
Present value of next 10 years cash flows ¥64,416.00
TSE:6309 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥11,318.26 × (1 + -0.09%) ÷ (6.06% – -0.09%)
¥183,993.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥183,993.10 ÷ (1 + 6.06%)10
¥102,200.31
TSE:6309 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥64,416.00 + ¥102,200.31
¥166,616.31
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥166,616.31 / 9.98
¥16697.8
TSE:6309 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥16,697.80
Current discount Discount to share price of ¥2,125.00
= -1 x (¥2,125.00 - ¥16,697.80) / ¥16,697.80
87.3%

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

Current Discount
Amount off the current price Tomoe Engineering is available for.
Intrinsic value
>50%
Share price is ¥2125 vs Future cash flow value of ¥16697.8
Current Discount Checks
For Tomoe Engineering to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Tomoe Engineering's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Tomoe Engineering'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 Tomoe Engineering's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Tomoe Engineering's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:6309 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in JPY ¥157.24
TSE:6309 Share Price ** TSE (2020-02-20) in JPY ¥2125
Japan Trade Distributors Industry PE Ratio Median Figure of 109 Publicly-Listed Trade Distributors Companies 9.53x
Japan Market PE Ratio Median Figure of 3,059 Publicly-Listed Companies 15.31x

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

** Primary Listing of Tomoe Engineering.

TSE:6309 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6309 Share Price ÷ EPS (both in JPY)

= 2125 ÷ 157.24

13.51x

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

  • Tomoe Engineering is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • Tomoe Engineering is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Tomoe Engineering's expected growth come at a high price?
Raw Data
TSE:6309 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.51x
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 22 Publicly-Listed Trade Distributors Companies 1.66x
Japan Market PEG Ratio Median Figure of 1,270 Publicly-Listed Companies 1.71x

*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 Tomoe Engineering, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Tomoe Engineering's assets?
Raw Data
TSE:6309 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in JPY ¥2,892.26
TSE:6309 Share Price * TSE (2020-02-20) in JPY ¥2125
Japan Trade Distributors Industry PB Ratio Median Figure of 110 Publicly-Listed Trade Distributors Companies 0.71x
Japan Market PB Ratio Median Figure of 3,556 Publicly-Listed Companies 1.08x
TSE:6309 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6309 Share Price ÷ Book Value per Share (both in JPY)

= 2125 ÷ 2,892.26

0.73x

* Primary Listing of Tomoe Engineering.

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

  • Tomoe Engineering is overvalued based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess Tomoe Engineering'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. Tomoe Engineering has a total score of 3/6, see the detailed checks below.

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

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

6309 Future Performance

 How is Tomoe Engineering 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 Tomoe Engineering 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
3.7%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Tomoe Engineering expected to grow at an attractive rate?
  • Unable to compare Tomoe Engineering's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Tomoe Engineering's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Tomoe Engineering's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:6309 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.7%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*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
TSE:6309 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:6309 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:6309 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-10-31 41,355 3,868 1,569
2019-07-31 43,081 1,738
2019-04-30 43,571 3,862 1,775
2019-01-31 43,001 1,651
2018-10-31 42,358 2,191 1,513
2018-07-31 42,135 1,683
2018-04-30 42,417 451 1,724
2018-01-31 42,123 1,756
2017-10-31 41,093 587 1,503
2017-07-31 40,200 1,390
2017-04-30 38,932 2,594 1,131
2017-01-31 38,755 938

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Tomoe Engineering is high growth as no earnings estimate data is available.
  • Unable to determine if Tomoe Engineering 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:6309 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 Tomoe Engineering Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:6309 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:6309 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-10-31 157.24
2019-07-31 174.18
2019-04-30 177.89
2019-01-31 165.46
2018-10-31 151.63
2018-07-31 168.66
2018-04-30 172.77
2018-01-31 175.98
2017-10-31 150.63
2017-07-31 139.30
2017-04-30 113.34
2017-01-31 94.00

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

Next steps:

  1. Examine whether Tomoe Engineering is trading at Tomoe Engineering'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Tomoe Engineering'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 Tomoe Engineering'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.
Tomoe Engineering 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.

6309 Past Performance

  How has Tomoe Engineering 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 Tomoe Engineering'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.
  • Tomoe Engineering's year on year earnings growth rate has been positive over the past 5 years.
  • Tomoe Engineering's 1-year earnings growth is less than its 5-year average (3.7% vs 13.8%)
  • Tomoe Engineering's earnings growth has exceeded the JP Trade Distributors industry average in the past year (3.7% vs -3%).
Earnings and Revenue History
Tomoe Engineering'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 Tomoe Engineering Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:6309 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 41,355.00 1,569.00 6,826.00
2019-07-31 43,081.00 1,738.00 6,802.00
2019-04-30 43,571.00 1,775.00 6,859.00
2019-01-31 43,001.00 1,651.00 6,775.00
2018-10-31 42,358.00 1,513.00 6,710.00
2018-07-31 42,135.00 1,683.00 6,727.00
2018-04-30 42,417.00 1,724.00 6,591.00
2018-01-31 42,123.00 1,756.00 6,545.00
2017-10-31 41,093.00 1,503.00 6,478.00
2017-07-31 40,200.00 1,390.00 6,408.00
2017-04-30 38,932.00 1,131.00 6,284.00
2017-01-31 38,755.00 938.00 6,179.00
2016-10-31 39,180.00 968.00 6,104.00
2016-07-31 38,804.00 694.00 5,936.00
2016-04-30 39,115.00 610.00 6,037.00
2016-01-31 38,694.00 674.00 6,103.00
2015-10-31 39,354.00 1,028.00 6,232.00
2015-07-31 40,330.00 1,145.00 6,342.00
2015-04-30 40,843.00 1,252.00 6,285.00
2015-01-31 41,180.00 1,223.00 6,273.00
2014-10-31 40,714.00 1,103.00 6,207.00
2014-07-31 39,565.00 989.00 6,222.00
2014-04-30 38,763.00 984.00 6,160.00
2014-01-31 38,784.00 1,019.00 6,046.00
2013-10-31 38,176.00 841.00 6,043.00
2013-07-31 38,823.00 1,088.00 6,059.00
2013-04-30 39,789.00 1,233.00 6,130.00

*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.
  • Tomoe Engineering has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Tomoe Engineering used its assets more efficiently than the JP Trade Distributors industry average last year based on Return on Assets.
  • Tomoe Engineering has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Tomoe Engineering'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.
Tomoe Engineering 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.

6309 Health

 How is Tomoe Engineering'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 Tomoe Engineering's finances.

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

TSE:6309 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 28,860.00 0.00 12,147.00
2019-07-31 28,486.00 0.00 10,713.00
2019-04-30 28,743.00 0.00 10,825.00
2019-01-31 27,945.00 0.00 8,259.00
2018-10-31 27,875.00 0.00 9,354.00
2018-07-31 27,616.00 0.00 8,511.00
2018-04-30 27,714.00 0.00 7,788.00
2018-01-31 27,125.00 0.00 7,122.00
2017-10-31 27,008.00 0.00 7,893.00
2017-07-31 25,958.00 0.00 7,900.00
2017-04-30 25,874.00 0.00 8,004.00
2017-01-31 25,191.00 0.00 6,727.00
2016-10-31 25,173.00 0.00 8,056.00
2016-07-31 24,801.00 0.00 6,134.00
2016-04-30 25,243.00 0.00 6,464.00
2016-01-31 24,924.00 0.00 5,459.00
2015-10-31 25,199.00 0.00 5,295.00
2015-07-31 25,019.00 0.00 5,297.00
2015-04-30 25,360.00 0.00 6,543.00
2015-01-31 24,801.00 0.00 4,399.00
2014-10-31 23,942.00 0.00 5,661.00
2014-07-31 23,513.00 0.00 4,946.00
2014-04-30 23,739.00 514.00 6,683.00
2014-01-31 23,484.00 899.00 5,601.00
2013-10-31 23,574.00 774.00 7,171.00
2013-07-31 23,304.00 905.00 6,647.00
2013-04-30 23,242.00 867.00 7,889.00
  • Tomoe Engineering has no debt.
  • Tomoe Engineering currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Tomoe Engineering has no debt, it does not need to be covered by operating cash flow.
  • Tomoe Engineering has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Tomoe Engineering'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. Tomoe Engineering 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.

6309 Dividends

 What is Tomoe Engineering's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.21%
Current annual income from Tomoe Engineering dividends.
If you bought ¥2,000 of Tomoe Engineering shares you are expected to receive ¥44 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?
  • Tomoe Engineering's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.39%).
  • Tomoe Engineering's dividend is below the markets top 25% of dividend payers in Japan (3.1%).
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:6309 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 2974 Stocks 2.4%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.4%
Japan Top 25% Dividend Yield 75th Percentile 3.1%

Industry and Market average data is calculated daily.

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

TSE:6309 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:6309 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-12-06 47.000 2.104
2019-01-30 47.000 1.977
2018-12-07 47.000 1.994
2018-09-11 45.000 1.989
2018-08-31 45.000 1.965
2018-06-11 45.000 1.926
2018-06-01 45.000 1.948
2018-01-30 45.000 2.167
2017-12-07 45.000 2.143
2017-09-11 45.000 2.098
2017-08-31 45.000 2.400
2017-06-13 45.000 2.469
2017-06-02 45.000 2.475
2017-01-27 45.000 2.460
2016-12-07 45.000 2.628
2016-09-12 45.000 2.921
2016-08-31 45.000 2.958
2016-06-13 45.000 3.010
2016-06-02 45.000 2.975
2016-01-28 45.000 3.073
2015-12-09 45.000 2.958
2015-09-11 45.000 2.847
2015-09-02 45.000 2.894
2015-06-12 45.000 2.721
2015-01-29 45.000 2.582
2014-12-11 45.000 2.654
2014-09-12 45.000 2.542
2014-09-04 45.000 2.571
2014-06-12 45.000 2.665
2014-06-04 45.000 2.684
2014-01-30 45.000 2.753
2013-12-12 45.000 2.724
2013-01-30 45.000 2.671
2012-12-12 45.000 2.739
2012-09-05 40.000 2.854
2012-06-04 40.000 2.600
2012-03-07 40.000 2.377
2012-01-27 35.000 2.261
2011-12-12 35.000 2.541
2011-09-05 40.000 2.946
2011-06-13 40.000 2.551
2011-06-06 40.000 2.337
2011-03-07 40.000 2.497
2011-01-28 35.000 2.437
2010-12-10 35.000 2.901
2010-09-03 35.000 3.084
2010-06-04 35.000 3.082
2010-03-08 30.000 2.449
2010-01-28 30.000 2.723
2009-12-10 30.000 2.448
2009-09-04 30.000 2.271
2009-03-06 30.000 2.856

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Tomoe Engineering's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Tomoe Engineering'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 Tomoe Engineering afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Tomoe Engineering has a total score of 3/6, see the detailed checks below.


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

6309 Management

 What is the CEO of Tomoe Engineering'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
Hitoshi Yamamoto
AGE 64
CEO Bio

Mr. Hitoshi Yamamoto serves as President of Tomoe Engineering Co., Ltd. Mr. Yamamoto served as Senior Managing Director and General Manager of Chemical Products Division at Tomoe Engineering since January 2013. He served as Managing Director and General Manager of Machinery at Tomoe Engineering Co., Ltd. since January 2009. He joined Tomoe Engineering Co., Ltd., in April 1979 and served as its Manager of Production Machine Sales, Machinery Division since April 2003; Director and Deputy General Manager of Machinery Division since January 2007 also its Managing Director since January 2009. He has been a Representative Director of Tomoe Engineering Co., Ltd., since January 2007.

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

Average tenure and age of the Tomoe Engineering management team in years:

6.1
Average Tenure
63.5
Average Age
  • The average tenure for the Tomoe Engineering management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Hitoshi Yamamoto

TITLE
President and Representative Director
AGE
64

Masayoshi Fukasawa

TITLE
Managing Director
AGE
67

Toshiaki Yakura

TITLE
Head of Business Planning
AGE
61
TENURE
5.1 yrs

Yoshito Honma

TITLE
Managing Director
AGE
67
TENURE
7.1 yrs

Tetsuo Yamada

TITLE
Managing Director
AGE
68

Akitomo Tamai

TITLE
Chief of China Business Promotion Office
AGE
62

Jun Ohashi

TITLE
Deputy General Manager of Machinery Division
AGE
66
TENURE
8.3 yrs

Akiyoshi Shinoda

TITLE
Deputy General Manager of Chemical Products Division and Director
AGE
58

Masahiko Nakamura

TITLE
Deputy General Manager of Machinery Division and Director
AGE
63

Katsuhiko Ito

TITLE
Deputy GM of Machinery & Director
AGE
55
TENURE
3.1 yrs
Board of Directors Tenure

Average tenure and age of the Tomoe Engineering board of directors in years:

10.1
Average Tenure
63.5
Average Age
  • The average tenure for the Tomoe Engineering board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hitoshi Yamamoto

TITLE
President and Representative Director
AGE
64
TENURE
13.1 yrs

Masayoshi Fukasawa

TITLE
Managing Director
AGE
67
TENURE
9.1 yrs

Toshiaki Yakura

TITLE
Head of Business Planning
AGE
61

Yoshito Honma

TITLE
Managing Director
AGE
67
TENURE
11.1 yrs

Tetsuo Yamada

TITLE
Managing Director
AGE
68
TENURE
11.1 yrs

Akitomo Tamai

TITLE
Chief of China Business Promotion Office
AGE
62
TENURE
9.1 yrs

Jun Ohashi

TITLE
Deputy General Manager of Machinery Division
AGE
66
TENURE
7.1 yrs

Akiyoshi Shinoda

TITLE
Deputy General Manager of Chemical Products Division and Director
AGE
58

Masahiko Nakamura

TITLE
Deputy General Manager of Machinery Division and Director
AGE
63

Katsuhiko Ito

TITLE
Deputy GM of Machinery & Director
AGE
55
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 Tomoe Engineering'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. Tomoe Engineering 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.

6309 News

Simply Wall St News

6309 Company Info

Description

Tomoe Engineering Co., Ltd. operates as a specialized chemical products trading firm in Japan and internationally. It operates through Chemical Products, and Machinery and Equipment divisions. The Chemical Products division imports and sells plastics, industrial chemicals, electronic materials, liqueurs, and other related products. The Machinery and Equipment division manufactures and sells solid bowl centrifuges and other related products. This division offers its products for wastewater treatment, sludge treatment, food and animal feed, pharmaceuticals, chemistry, recycling, energy, steel making, biology, and civil engineering architecture. Tomoe Engineering Co., Ltd. was founded in 1941 and is headquartered in Tokyo, Japan.

Details
Name: Tomoe Engineering Co., Ltd.
6309
Exchange: TSE
Founded: 1941
¥21,203,970,375
9,978,339
Website: http://www.tomo-e.co.jp
Address: Tomoe Engineering Co., Ltd.
Osaki Bright Core,
19th Floor,
Tokyo,
141-0001,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6309 Common Stock The Tokyo Stock Exchange JP JPY 06. Jun 1996
Number of employees
Current staff
Staff numbers
730
Tomoe Engineering employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 14:55
End of day share price update: 2020/02/20 00:00
Last estimates confirmation: 2019/12/06
Last earnings filing: 2020/01/30
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/10/31


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.