Seika
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Seika Corporation operates as a general trading company of machineries in Japan and internationally. The last earnings update was 28 days ago. More info.
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8061 Share Price and Events
7 Day Returns
1 Year Returns
8061 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Seika (8061) | -1.8% | 1.3% | 8.9% | -10.5% | -20.9% | 2.3% |
| JP Trade Distributors | -0.2% | 4.1% | 11.6% | 1.8% | 24.8% | 40.7% |
| JP Market | -0.4% | 2.4% | 10.8% | 4.3% | 16.2% | 24.8% |
1 Year Return vs Industry and Market
- 8061 underperformed the Trade Distributors industry which returned 1.8% over the past year.
- 8061 underperformed the Market in Japan which returned 4.3% over the past year.
Value
Is Seika 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
Seika
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Seika.
| 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 | 7.4% |
| 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.
| 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%) (53.72%)) |
1.19 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.19 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.19 * 6.33%) |
7.44% |
Discounted Cash Flow Calculation for TSE:8061 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Seika 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.
| Levered FCF (JPY, Millions) | Source |
Present Value Discounted (@ 7.44%) |
|
|---|---|---|---|
| 2020 | 941.88 | Est @ 59.72% | 876.62 |
| 2021 | 1,335.37 | Est @ 41.78% | 1,156.73 |
| 2022 | 1,725.53 | Est @ 29.22% | 1,391.13 |
| 2023 | 2,077.97 | Est @ 20.43% | 1,559.19 |
| 2024 | 2,374.51 | Est @ 14.27% | 1,658.25 |
| 2025 | 2,611.07 | Est @ 9.96% | 1,697.10 |
| 2026 | 2,792.45 | Est @ 6.95% | 1,689.24 |
| 2027 | 2,927.49 | Est @ 4.84% | 1,648.22 |
| 2028 | 3,025.79 | Est @ 3.36% | 1,585.53 |
| 2029 | 3,096.10 | Est @ 2.32% | 1,509.96 |
| Present value of next 10 years cash flows | ¥14,771.00 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= ¥3,096.10 × (1 + -0.09%) ÷ (7.44% – -0.09%) |
¥41,054.19 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ¥41,054.19 ÷ (1 + 7.44%)10 |
¥20,021.99 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ¥14,771.00 + ¥20,021.99 |
¥34,792.99 |
| Equity Value per Share (JPY) |
= Total value / Shares Outstanding
= ¥34,792.99 / 12.41 |
¥2803.6 |
| Calculation | Result | |
|---|---|---|
| Value per share (JPY) | From above. | ¥2,803.60 |
| Current discount | Discount to share price of
¥1,376.00
= -1 x (¥1,376.00 - ¥2,803.60) / ¥2,803.60 |
50.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Seika's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Seika'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 Seika's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Seika's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-09-30) in JPY | ¥96.63 |
| TSE:8061 Share Price ** | TSE (2019-12-04) in JPY | ¥1376 |
| 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 | 15.45x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Seika.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = TSE:8061 Share Price ÷ EPS (both in JPY) = 1376 ÷ 96.63 |
14.24x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Seika is overvalued based on earnings compared to the JP Trade Distributors industry average.
- Seika is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does
Seika's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.24x |
| 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 Seika, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Seika's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-09-30) in JPY | ¥2,266.09 |
| TSE:8061 Share Price * | TSE (2019-12-04) in JPY | ¥1376 |
| 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 |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = TSE:8061 Share Price ÷ Book Value per Share (both in JPY) = 1376 ÷ 2,266.09 |
0.61x |
* Primary Listing of Seika.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Seika is good value based on assets compared to the JP Trade Distributors industry average.
Value checks
We assess Seika's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check) Seika has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Seika 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 Seika 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!
Earnings growth vs Low Risk Savings
- Unable to compare Seika's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Seika's earnings growth to the Japan market average as no estimate data is available.
- Unable to compare Seika's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
| 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
| 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 |
| Date (Data in JPY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|
| Date (Data in JPY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-09-30 | 122,120 | 1,298 | 1,221 |
| 2019-06-30 | 127,637 | 1,510 | |
| 2019-03-31 | 157,145 | -734 | 1,587 |
| 2018-12-31 | 185,849 | 1,968 | |
| 2018-09-30 | 197,393 | 1,361 | 1,722 |
| 2018-06-30 | 187,978 | 1,514 | |
| 2018-03-31 | 165,585 | 1,339 | 1,655 |
| 2017-12-31 | 138,771 | 1,428 | |
| 2017-09-30 | 130,433 | 394 | 1,734 |
| 2017-06-30 | 153,800 | 2,119 | |
| 2017-03-31 | 150,742 | 3,566 | 2,140 |
| 2016-12-31 | 150,250 | 2,095 |
*GAAP earnings excluding extraordinary items.
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 Seika Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in JPY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|
| Date (Data in JPY Millions) | EPS * |
|---|---|
| 2019-09-30 | 96.63 |
| 2019-06-30 | 119.33 |
| 2019-03-31 | 125.44 |
| 2018-12-31 | 155.11 |
| 2018-09-30 | 135.19 |
| 2018-06-30 | 118.23 |
| 2018-03-31 | 128.33 |
| 2017-12-31 | 109.98 |
| 2017-09-30 | 132.58 |
| 2017-06-30 | 160.87 |
| 2017-03-31 | 161.23 |
| 2016-12-31 | 156.78 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Seika's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Japan market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Seika 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.
Past Performance
How has Seika 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
Past Earnings growth analysis
- Seika's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Seika's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Seika's 1-year earnings growth is negative, it can't be compared to the JP Trade Distributors industry average.
Earnings and Revenue History
All data from Seika Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in JPY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-09-30 | 122,120.00 | 1,221.00 | 11,490.00 | |
| 2019-06-30 | 127,637.00 | 1,510.00 | 11,476.00 | |
| 2019-03-31 | 157,145.00 | 1,587.00 | 11,453.00 | |
| 2018-12-31 | 185,849.00 | 1,968.00 | 11,356.00 | |
| 2018-09-30 | 197,393.00 | 1,722.00 | 11,707.00 | |
| 2018-06-30 | 187,978.00 | 1,514.00 | 11,608.00 | |
| 2018-03-31 | 165,585.00 | 1,655.00 | 11,513.00 | |
| 2017-12-31 | 138,771.00 | 1,428.00 | 11,660.00 | |
| 2017-09-30 | 130,433.00 | 1,734.00 | 11,171.00 | |
| 2017-06-30 | 153,800.00 | 2,119.00 | 11,325.00 | |
| 2017-03-31 | 150,742.00 | 2,140.00 | 11,199.00 | |
| 2016-12-31 | 150,250.00 | 2,095.00 | 10,959.00 | |
| 2016-09-30 | 150,284.00 | 2,130.00 | 10,806.00 | |
| 2016-06-30 | 131,007.00 | 2,055.00 | 10,344.00 | |
| 2016-03-31 | 127,101.00 | 1,750.00 | 10,157.00 | |
| 2015-12-31 | 132,489.00 | 2,008.00 | 10,133.00 | |
| 2015-09-30 | 137,388.00 | 2,317.00 | 9,936.00 | |
| 2015-06-30 | 127,865.00 | 1,903.00 | 9,675.00 | |
| 2015-03-31 | 132,033.00 | 2,188.00 | 9,568.00 | |
| 2014-12-31 | 125,422.00 | 2,062.00 | 9,355.00 | |
| 2014-09-30 | 127,664.00 | 1,727.00 | 9,302.00 | |
| 2014-06-30 | 126,301.00 | 1,463.00 | 9,206.00 | |
| 2014-03-31 | 126,487.00 | 1,399.00 | 9,059.00 | |
| 2013-12-31 | 123,390.00 | 1,130.00 | 8,961.00 | |
| 2013-09-30 | 127,174.00 | 1,374.00 | 9,005.00 | |
| 2013-06-30 | 131,890.00 | 1,504.00 | 9,087.00 | |
| 2013-03-31 | 136,670.00 | 1,743.00 | 9,244.00 | |
| 2012-12-31 | 140,828.00 | 1,715.00 | 9,331.00 |
*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.
- Seika has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Seika used its assets less efficiently than the JP Trade Distributors industry average last year based on Return on Assets.
- Seika's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Seika's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Seika has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Seika'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 Seika's finances.
The net worth of a company is the difference between its assets and liabilities.
- Seika is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Seika's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 7.5x 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.
All data from Seika Company Filings, last reported 2 months ago.
| Date (Data in JPY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-09-30 | 28,683.00 | 9,041.00 | 14,591.00 |
| 2019-06-30 | 28,581.00 | 9,071.00 | 14,923.00 |
| 2019-03-31 | 29,065.00 | 9,044.00 | 13,440.00 |
| 2018-12-31 | 28,396.00 | 9,034.00 | 13,708.00 |
| 2018-09-30 | 29,548.00 | 8,965.00 | 15,160.00 |
| 2018-06-30 | 28,556.00 | 8,952.00 | 14,950.00 |
| 2018-03-31 | 28,986.00 | 8,906.00 | 15,476.00 |
| 2017-12-31 | 29,269.00 | 8,780.00 | 13,576.00 |
| 2017-09-30 | 29,327.00 | 8,799.00 | 13,460.00 |
| 2017-06-30 | 28,527.00 | 8,706.00 | 15,322.00 |
| 2017-03-31 | 28,640.00 | 8,672.00 | 14,520.00 |
| 2016-12-31 | 27,314.00 | 8,786.00 | 14,163.00 |
| 2016-09-30 | 26,448.00 | 8,060.00 | 14,894.00 |
| 2016-06-30 | 25,582.00 | 8,835.00 | 15,081.00 |
| 2016-03-31 | 26,485.00 | 8,893.00 | 13,422.00 |
| 2015-12-31 | 27,002.00 | 8,442.00 | 16,526.00 |
| 2015-09-30 | 26,802.00 | 8,442.00 | 16,868.00 |
| 2015-06-30 | 27,456.00 | 8,522.00 | 16,139.00 |
| 2015-03-31 | 27,589.00 | 8,362.00 | 16,062.00 |
| 2014-12-31 | 25,963.00 | 8,375.00 | 16,732.00 |
| 2014-09-30 | 25,274.00 | 8,313.00 | 14,914.00 |
| 2014-06-30 | 24,581.00 | 8,269.00 | 14,250.00 |
| 2014-03-31 | 24,605.00 | 8,278.00 | 13,652.00 |
| 2013-12-31 | 23,886.00 | 8,291.00 | 14,580.00 |
| 2013-09-30 | 23,595.00 | 8,134.00 | 14,805.00 |
| 2013-06-30 | 23,341.00 | 7,597.00 | 13,455.00 |
| 2013-03-31 | 23,071.00 | 7,602.00 | 13,540.00 |
| 2012-12-31 | 21,570.00 | 7,590.00 | 13,295.00 |
- Seika's level of debt (31.5%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (32.9% vs 31.5% today).
- Debt is not well covered by operating cash flow (14.4%, less than 20% of total debt).
- Seika earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Seika's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Seika has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Seika'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
If you bought
¥2,000 of
Seika
shares you are expected to receive
¥65
in your first year as a dividend.
Dividend Amount
- Seika's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
- Seika's dividend is above the markets top 25% of dividend payers in Japan (2.99%).
Upcoming dividend payment
Purchase Seika before the 'Ex-dividend' to receive their next dividend payment.
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.
| 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.
| Date (Data in ¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|
| Date (Data in ¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-06-26 | 45.000 | 3.354 |
| 2019-05-10 | 45.000 | 3.547 |
| 2018-06-27 | 55.000 | 3.259 |
| 2018-05-08 | 55.000 | 2.013 |
| 2018-02-13 | 60.000 | 2.255 |
| 2017-11-13 | 60.000 | 2.111 |
| 2017-11-10 | 60.000 | 2.156 |
| 2017-06-28 | 55.000 | 2.171 |
| 2017-05-12 | 55.000 | 2.922 |
| 2016-06-27 | 50.000 | 3.259 |
| 2016-05-13 | 50.000 | 3.753 |
| 2015-06-26 | 42.500 | 3.245 |
| 2015-05-11 | 42.500 | 2.543 |
| 2014-11-04 | 40.000 | 2.696 |
| 2014-08-01 | 40.000 | 3.030 |
| 2014-06-26 | 35.000 | 2.570 |
| 2014-05-09 | 40.000 | 3.245 |
| 2013-06-27 | 30.000 | 2.461 |
| 2013-05-10 | 30.000 | 2.274 |
| 2012-08-03 | 30.000 | 2.511 |
| 2012-06-28 | 30.000 | 2.665 |
| 2012-05-11 | 30.000 | 2.688 |
| 2012-02-10 | 30.000 | 2.542 |
| 2011-11-04 | 30.000 | 2.838 |
| 2011-08-05 | 30.000 | 2.789 |
| 2011-05-06 | 30.000 | 2.823 |
| 2011-02-04 | 30.000 | 2.714 |
| 2010-06-30 | 30.000 | 3.094 |
| 2010-04-30 | 30.000 | 3.106 |
| 2010-02-05 | 30.000 | 2.925 |
| 2009-10-30 | 30.000 | 3.024 |
| 2009-08-10 | 30.000 | 2.620 |
| 2009-08-03 | 30.000 | 2.645 |
| 2009-04-30 | 30.000 | 2.704 |
| 2009-02-13 | 35.000 | 3.239 |
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
Seika's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (4.8x coverage).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Seika's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Seika afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Seika has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| AGE | 68 |
CEO Bio
Mr. Kazutaka Komoda serves as Chief Executive Officer and President Seika Corporation and served as its Vice-President, General Manager of Overall Operations Division and Executive Officer since April 2014. Mr. Komoda served as an Executive Vice President of Seika Corporation. He served as General Manager of Management Planning Division of Seika Corporation since April 2011 and has been its Senior Managing Executive Officer since April 2011. He served as Chief of Affiliates Office and General Manager of Corporate Planning of Seika Corporation since April 2011 and has been its Representative Director April 2011.
CEO Compensation
- Insufficient data for Kazutaka to compare compensation growth.
- Insufficient data for Kazutaka to establish whether their remuneration is reasonable compared to companies of similar size in Japan.
Management Team Tenure
Average tenure and age of the Seika management team in years:
- The tenure for the Seika management team is about average.
Management Team
Kazutaka Komoda
CEO, President
68
Masaaki Yamashita
Managing Executive Officer
62
3.7 yrs
Akihiko Sakurai
General Manager of Overall Sales Division and Director
60
3.7 yrs
Masanori Takahashi
Chief of Osaka Regional Office
62
3.7 yrs
Jun Tanaka
Senior Executive Officer
Katsuhiko Fukuzato
Senior Executive Officer
Hirohisa Masuda
Executive Officer
58
Hajime Goto
Senior Executive Officer and General Manager of Corporate Planning Division
Yasumasa Kawana
Senior Executive Officer
Noriyuki Takahashi
Executive Officer and Acting General Manager of Overall Sales Division
Board of Directors Tenure
Average tenure and age of the Seika board of directors in years:
- The tenure for the Seika board of directors is about average.
Board of Directors
Masaaki Yamashita
Managing Executive Officer
62
5.5 yrs
Akihiko Sakurai
General Manager of Overall Sales Division and Director
60
5.5 yrs
Masanori Takahashi
Chief of Osaka Regional Office
62
4.5 yrs
Yuko Shirai
External Director
65
4.5 yrs
Kazutaka Komoda
CEO, President
68
8.7 yrs
Takahisa Fukao
External Director
70
Tatsuhiko Hirayama
Audit & Supervisory Board Member
61
Yoshinobu Mori
External Auditor
61
9.5 yrs
Youichi Kuroiwa
Full-Time Auditor
63
5.5 yrs
Yasutaka Keno
External Auditor
58
5.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (¥) | Value (¥) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Seika's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Seika 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.
Company Info
Description
Seika Corporation operates as a general trading company of machineries in Japan and internationally. It offers systems and equipment for thermal and renewable power generation; peripheral equipment for nuclear power plants; electrical substation equipment; environmental preservation equipment; and other power generation related equipment. The company also provides a range of equipment and systems for air pollution control, waste water treatment, waste disposal, and safety and prevention; systems and equipment for film, plastic, and textile manufacturing; and food/beverage production, research and development, quality control, and pharmaceutical production equipment, as well as equipment for packaging materials. In addition, it offers various tools for producing the core parts of digital electronic devices comprising laser titler and peripheral exposure devices, laser processing and glass cutting systems, laser direct patterning systems, automatic optical inspection devices, UV curing devices, nitrogen gas circulation purifier systems, nitrogen gas chamber systems, array inspection devices, glass polishing repair systems, liquid crystal pouring equipment, PI pre-cure equipment, cooling systems, and cleaning systems, as well as PI HVCD and curing systems for flexible display. Further, the company provides measuring devices for food/pharmaceutical production and laboratory use, and electrochemistry/porous materials; fluid/combustion measuring systems; life science/biochemical-related measuring devices and accessories; and other devices. Additionally, it offers painting, parts, assembly, and research and development equipment for automobile and parts manufacturers; printing and bookbinding machinery, transport equipment, energy saving products, IT systems, and other machineries and systems; and materials and parts in the areas of textile, electronics, and semiconductor businesses. Seika Corporation was founded in 1947 and is headquartered in Tokyo, Japan.
Details
| Name: | Seika Corporation |
| 8061 | |
| Exchange: | TSE |
| Founded: | 1947 |
| ¥17,076,333,376 | |
| 12,410,126 | |
| Website: | http://www.seika.com |
| Address: |
Seika Corporation Shin-Tokyo Building, 3-1, Marunouchi 3-chome, Tokyo, 100-0005, Japan |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| TSE | 8061 | Common Stock | The Tokyo Stock Exchange | JP | JPY | 06. Jan 1992 |
Number of employees
Current staff
Industry
| Trading Companies and Distributors | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/12/05 15:04 |
| End of day share price update: | 2019/12/04 00:00 |
| Last estimates confirmation: | 2019/05/10 |
| 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.
