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Kamei

TSE:8037
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8037
TSE
¥42B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Kamei Corporation operates as a general trading company in Japan and internationally. The last earnings update was 30 days ago. More info.


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8037 Share Price and Events
7 Day Returns
2.8%
TSE:8037
0.7%
JP Trade Distributors
0.1%
JP Market
1 Year Returns
-1.6%
TSE:8037
3.1%
JP Trade Distributors
5.5%
JP Market
8037 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kamei (8037) 2.8% -1.7% 21.1% -1.6% 5.3% 56.1%
JP Trade Distributors 0.7% 2.5% 10% 3.1% 22.9% 42.7%
JP Market 0.1% 0.8% 10.6% 5.5% 13.7% 25.4%
1 Year Return vs Industry and Market
  • 8037 underperformed the Trade Distributors industry which returned 3.1% over the past year.
  • 8037 underperformed the Market in Japan which returned 5.5% over the past year.
Price Volatility
8037
Industry
5yr Volatility vs Market
Related Companies

8037 Value

 Is Kamei 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 Kamei 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 Kamei.

TSE:8037 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in JPY ¥ 30.000000
Payout Ratio Company Filings (2019-09-30) 1273.1%
Discount Rate (Cost of Equity) See below 9.6%
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:8037
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%) (133.82%))
1.538
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.538 * 6.33%)
9.64%

Discounted Cash Flow Calculation for TSE:8037 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Kamei is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

TSE:8037 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥30 / (9.64% - -0.09%)
¥308.21
TSE:8037 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥308.21
Current discount Discount to share price of ¥1,238.00
= -1 x (¥1,238.00 - ¥308.21) / ¥308.21
-301.7%

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

  • The current share price of Kamei 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 Kamei's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kamei's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:8037 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥197.89
TSE:8037 Share Price ** TSE (2019-12-04) in JPY ¥1238
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.69x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.46x

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

** Primary Listing of Kamei.

TSE:8037 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8037 Share Price ÷ EPS (both in JPY)

= 1238 ÷ 197.89

6.26x

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

  • Kamei is good value based on earnings compared to the JP Trade Distributors industry average.
  • Kamei is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Kamei's expected growth come at a high price?
Raw Data
TSE:8037 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.26x
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 1.96x
Japan Market PEG Ratio Median Figure of 1,368 Publicly-Listed Companies 1.88x

*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 Kamei, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kamei's assets?
Raw Data
TSE:8037 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥3,075.94
TSE:8037 Share Price * TSE (2019-12-04) in JPY ¥1238
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.71x
Japan Market PB Ratio Median Figure of 3,527 Publicly-Listed Companies 1.12x
TSE:8037 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8037 Share Price ÷ Book Value per Share (both in JPY)

= 1238 ÷ 3,075.94

0.4x

* Primary Listing of Kamei.

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

  • Kamei is good value based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess Kamei'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. Kamei 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.

8037 Future Performance

 How is Kamei 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 Kamei 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
3.2%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kamei expected to grow at an attractive rate?
  • Unable to compare Kamei's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kamei's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Kamei's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:8037 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
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:8037 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:8037 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:8037 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 468,062 12,143 6,649
2019-06-30 470,501 6,534
2019-03-31 472,995 16,706 6,598
2018-12-31 476,167 6,295
2018-09-30 467,001 20,278 6,069
2018-06-30 456,834 6,235
2018-03-31 447,774 15,296 6,577
2017-12-31 441,432 7,161
2017-09-30 432,704 8,829 7,862
2017-06-30 427,371 7,719
2017-03-31 423,469 10,389 7,836
2016-12-31 405,403 9,240

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kamei is high growth as no earnings estimate data is available.
  • Unable to determine if Kamei 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:8037 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Kamei Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8037 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:8037 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 197.89
2019-06-30 194.47
2019-03-31 196.37
2018-12-31 187.35
2018-09-30 180.62
2018-06-30 185.56
2018-03-31 195.74
2017-12-31 213.12
2017-09-30 233.98
2017-06-30 229.73
2017-03-31 233.21
2016-12-31 274.99

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

Next steps:

  1. Examine whether Kamei is trading at Kamei'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. Kamei'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 Kamei'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.
Kamei 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.

8037 Past Performance

  How has Kamei 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 Kamei'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.
  • Kamei's year on year earnings growth rate has been positive over the past 5 years.
  • Kamei's 1-year earnings growth exceeds its 5-year average (9.6% vs 5.1%)
  • Kamei's earnings growth has exceeded the JP Trade Distributors industry average in the past year (9.6% vs -1.7%).
Earnings and Revenue History
Kamei'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 Kamei Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8037 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 468,062.00 6,649.00 55,755.00
2019-06-30 470,501.00 6,534.00 55,598.00
2019-03-31 472,995.00 6,598.00 55,313.00
2018-12-31 476,167.00 6,295.00 55,306.00
2018-09-30 467,001.00 6,069.00 55,008.00
2018-06-30 456,834.00 6,235.00 54,627.00
2018-03-31 447,774.00 6,577.00 53,645.00
2017-12-31 441,432.00 7,161.00 52,583.00
2017-09-30 432,704.00 7,862.00 51,285.00
2017-06-30 427,371.00 7,719.00 50,287.00
2017-03-31 423,469.00 7,836.00 49,683.00
2016-12-31 405,403.00 9,240.00 49,774.00
2016-09-30 405,171.00 9,306.00 49,480.00
2016-06-30 411,489.00 9,584.00 49,274.00
2016-03-31 420,875.00 9,282.00 49,008.00
2015-12-31 449,794.00 7,219.00 50,663.00
2015-09-30 488,520.00 4,709.00 55,662.00
2015-06-30 519,351.00 4,611.00 60,727.00
2015-03-31 531,707.00 3,889.00 64,813.00
2014-12-31 560,324.00 2,696.00 65,357.00
2014-09-30 565,650.00 4,910.00 64,969.00
2014-06-30 565,004.00 4,702.00 64,163.00
2014-03-31 568,569.00 4,768.00 63,836.00
2013-12-31 550,566.00 5,953.00 64,039.00
2013-09-30 541,710.00 6,028.00 62,545.00
2013-06-30 526,875.00 5,171.00 61,246.00
2013-03-31 516,271.00 5,265.00 60,064.00
2012-12-31 511,111.00 4,502.00 59,125.00

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

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

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

8037 Health

 How is Kamei'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 Kamei's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kamei is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kamei's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kamei'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 2.8x 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 Kamei Company Filings, last reported 2 months ago.

TSE:8037 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 109,130.00 55,666.00 35,445.00
2019-06-30 108,222.00 52,347.00 36,085.00
2019-03-31 107,513.00 50,631.00 33,464.00
2018-12-31 105,164.00 53,746.00 28,948.00
2018-09-30 105,090.00 50,269.00 31,491.00
2018-06-30 103,242.00 49,891.00 30,854.00
2018-03-31 102,883.00 52,188.00 28,630.00
2017-12-31 100,751.00 57,548.00 29,183.00
2017-09-30 99,280.00 57,076.00 28,352.00
2017-06-30 97,591.00 53,064.00 27,152.00
2017-03-31 96,456.00 53,988.00 28,604.00
2016-12-31 92,223.00 56,825.00 21,577.00
2016-09-30 88,858.00 55,560.00 22,007.00
2016-06-30 87,939.00 54,369.00 22,359.00
2016-03-31 87,243.00 53,888.00 18,648.00
2015-12-31 83,986.00 51,967.00 15,788.00
2015-09-30 82,480.00 51,166.00 16,750.00
2015-06-30 82,020.00 51,664.00 16,434.00
2015-03-31 86,746.00 53,952.00 19,582.00
2014-12-31 82,832.00 54,526.00 19,146.00
2014-09-30 82,472.00 56,513.00 18,928.00
2014-06-30 81,145.00 55,389.00 18,683.00
2014-03-31 80,847.00 55,165.00 19,635.00
2013-12-31 81,029.00 59,384.00 19,512.00
2013-09-30 79,246.00 57,684.00 16,916.00
2013-06-30 77,679.00 55,837.00 18,000.00
2013-03-31 76,477.00 55,628.00 15,479.00
2012-12-31 72,937.00 62,793.00 22,301.00
  • Kamei's level of debt (48.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (58% vs 48.3% today).
  • Debt is well covered by operating cash flow (23%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 221.3x coverage).
X
Financial health checks
We assess Kamei'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. Kamei 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.

8037 Dividends

 What is Kamei'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
2.42%
Current annual income from Kamei dividends.
If you bought ¥2,000 of Kamei shares you are expected to receive ¥48 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?
  • Kamei's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • Kamei's dividend is below the markets top 25% of dividend payers in Japan (2.98%).
Upcoming dividend payment

Purchase Kamei 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:8037 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 2972 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:8037 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:8037 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-07 30.000 2.409
2019-06-28 30.000 2.721
2019-05-14 30.000 2.612
2019-02-07 25.000 2.117
2018-11-08 25.000 2.006
2018-06-29 25.000 1.759
2018-05-10 25.000 1.492
2018-02-08 25.000 1.654
2017-11-09 25.000 1.351
2017-06-30 25.000 1.481
2017-05-11 25.000 1.797
2017-02-09 20.000 1.602
2016-11-10 20.000 1.722
2016-06-30 20.000 2.345
2016-05-12 20.000 2.269
2016-02-09 15.000 1.453
2015-11-10 15.000 1.280
2015-06-29 15.000 1.256
2015-05-12 15.000 1.429
2015-02-05 15.000 1.706
2014-11-06 15.000 1.943
2014-06-30 15.000 1.957
2014-05-08 15.000 1.980
2014-02-06 15.000 2.008
2013-11-07 15.000 1.935
2013-06-28 15.000 2.012
2013-05-09 15.000 1.903
2013-02-07 15.000 1.539
2012-11-08 15.000 2.031
2012-08-08 15.000 2.057
2012-06-29 15.000 1.971
2012-05-10 15.000 1.942
2012-02-09 15.000 1.363
2011-11-11 15.000 2.066
2011-06-30 15.000 3.189
2011-05-31 15.000 4.779
2011-02-10 15.000 4.452
2010-11-11 15.000 3.857
2010-06-30 15.000 4.102
2010-05-14 15.000 3.693
2010-02-12 15.000 3.401
2010-02-10 15.000 3.513
2009-11-12 15.000 3.525
2009-05-15 15.000 2.986
2009-02-13 15.000 3.460
2009-02-12 15.000 3.760

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 Kamei's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.6x 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 Kamei'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 Kamei afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kamei 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.

8037 Management

 What is the CEO of Kamei'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
Fumiyuki Kamei
AGE 57
TENURE AS CEO 16.5 years
CEO Bio

Mr. Fumiyuki Kamei has been the President at Kamei Corporation since June 2003. Mr. Kamei served as the Chief Executive Officer of Kamei Corporation and also served as its Managing Director, General Manager of Energy Headquarters, Vice President, Assistant to the General Manager Energy Headquarters, Representative Senior Managing Director and General Manager of Energy Headquarters. He has been an Outside Director at Vital-Net, Inc. since June 2008. He has been a Representative Director of Kamei Corporation since April 2002. He serves as a Director of Sun-Eight Trading Co., Ltd.

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

Average tenure and age of the Kamei management team in years:

7.5
Average Tenure
64
Average Age
  • The average tenure for the Kamei management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Fumiyuki Kamei

TITLE
President and Representative Director
AGE
57
TENURE
16.5 yrs

Junichi Kamei

TITLE
Senior Managing Director and Executive Director
AGE
57
TENURE
6.5 yrs

Tadashi Toda

TITLE
Managing Director
AGE
71
TENURE
10.5 yrs

Hiroyuki Takahashi

TITLE
Senior Executive Director in charge of Sales
AGE
66

Masashi Toda

TITLE
Managing Director
AGE
71
TENURE
10.5 yrs

Atsushi Sato

TITLE
Corporate Sales Division Manager & Executive Director
AGE
62
TENURE
7.5 yrs

Naoki Washiashi

TITLE
Residential Division Manager & Director
TENURE
1.5 yrs

Nobuhiro Kikuchi

TITLE
Iwate Branch Manager & Director
TENURE
1.5 yrs

Kiyomitsu Takahashi

TITLE
Executive Director & Miyagi Branch Manager
AGE
64
TENURE
9.7 yrs

Akio Kamei

TITLE
Nagoya Branch Manager & Director
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Kamei board of directors in years:

5.5
Average Tenure
62.5
Average Age
  • The tenure for the Kamei board of directors is about average.
Board of Directors

Fumiyuki Kamei

TITLE
President and Representative Director
AGE
57
TENURE
16.5 yrs

Junichi Kamei

TITLE
Senior Managing Director and Executive Director
AGE
57

Hiroyuki Takahashi

TITLE
Senior Executive Director in charge of Sales
AGE
66

Atsushi Sato

TITLE
Corporate Sales Division Manager & Executive Director
AGE
62
TENURE
7.5 yrs

Naoki Washiashi

TITLE
Residential Division Manager & Director
TENURE
1.5 yrs

Nobuhiro Kikuchi

TITLE
Iwate Branch Manager & Director
TENURE
1.5 yrs

Jinichi Abe

TITLE
Executive Director & Corporate Planning Office Manager
AGE
62
TENURE
7.5 yrs

Kiyomitsu Takahashi

TITLE
Executive Director & Miyagi Branch Manager
AGE
64
TENURE
5.5 yrs

Masafumi Omachi

TITLE
Outside Director
AGE
66
TENURE
5.5 yrs

Ryoichi Endo

TITLE
Director
AGE
63

Akio Kamei

TITLE
Nagoya Branch Manager & Director
TENURE
2.4 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 Kamei'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. Kamei 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.

8037 News

Simply Wall St News

8037 Company Info

Description

Kamei Corporation operates as a general trading company in Japan and internationally. The company operates through Corporate Sales, Residential, Carlife, Food, Construction Materials, and Pharmacy divisions. It provides eco-friendly products, including LED lighting, eco pumps, and warm glasses; energy management-related products, such as solar-power generation systems, lithium-ion storage batteries, etc.; chemical products comprising industrial chemicals, water-treatment agents, alcohol, etc.; industrial materials and equipment consisting of logistics materials, compressors, generators, Karcher products, etc.; office supplies; ICT solutions and services; insurance products; and emergency earthquake warning systems, fire extinguishers, and fire-extinguishing equipment. The company also supplies automobile and industrial lubricants, oil products, LNG and LPG products, and home-use propane gas and kerosene; kitchen and hot water supply systems, as well as equipment; household fuel cells; built-in kitchens and baths; and alcoholic beverages, soft drinks, food products, restaurant ingredients, processing ingredients, etc. In addition, it operates a network of service stations that offer refueling services, as well as car wash, tire change, oil change, safety and vehicle inspection, coating, and other maintenance services; provides auto leasing services; and undertakes steel frame, exterior cladding and metal siding construction works. Further, the company operates pharmacies; and offers renovation services. As of July 10, 2019, it operated 287 gas stations, 34 oil depots, 16 gas terminals, 7 automobile LPG stations, 3 food distribution centers, 110 pharmacies, and 1 supermarket. The company was formerly known as Kamei Shoten Co. and changed its name to Kamei Corporation in 1985. Kamei Corporation was founded in 1903 and is headquartered in Sendai, Japan.

Details
Name: Kamei Corporation
8037
Exchange: TSE
Founded: 1903
¥41,597,810,208
33,600,816
Website: http://www.kamei.co.jp
Address: Kamei Corporation
3-1-18 Kokubuncho,
Aoba-ku,
Sendai,
Miyagi, 980-8583,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8037 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
5,008
Kamei employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/07 15:03
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/11/07
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.