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Sato Shoji

TSE:8065
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8065
TSE
¥20B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Sato Shoji Corporation sells iron and steel products, non-ferrous metals, electronic materials, machines, industrial tools, lifestyle goods, precious metals and jewelry, construction materials, and environment-related goods in Japan. The last earnings update was 15 days ago. More info.


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8065 Share Price and Events
7 Day Returns
-1%
TSE:8065
-1.7%
JP Trade Distributors
-2.7%
JP Market
1 Year Returns
-4.7%
TSE:8065
1.2%
JP Trade Distributors
4.3%
JP Market
8065 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sato Shoji (8065) -1% -8.4% 1.8% -4.7% 2.7% 11.7%
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
  • 8065 underperformed the Trade Distributors industry which returned 1.2% over the past year.
  • 8065 underperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
8065
Industry
5yr Volatility vs Market
Related Companies

8065 Value

 Is Sato Shoji 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 Sato Shoji 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 Sato Shoji.

TSE:8065 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in JPY ¥ 43.000000
Payout Ratio Company Filings (2019-12-31) 2543.9%
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSE:8065
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%) (97.64%))
1.404
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.4
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.404 * 6.33%)
8.79%

Discounted Cash Flow Calculation for TSE:8065 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Sato Shoji 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:8065 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥43 / (8.79% - -0.09%)
¥483.98
TSE:8065 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥483.98
Current discount Discount to share price of ¥919.00
= -1 x (¥919.00 - ¥483.98) / ¥483.98
-89.9%

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

  • The current share price of Sato Shoji 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 Sato Shoji's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sato Shoji's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:8065 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥139.17
TSE:8065 Share Price ** TSE (2020-02-20) in JPY ¥919
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 Sato Shoji.

TSE:8065 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8065 Share Price ÷ EPS (both in JPY)

= 919 ÷ 139.17

6.6x

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

  • Sato Shoji is good value based on earnings compared to the JP Trade Distributors industry average.
  • Sato Shoji is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Sato Shoji's expected growth come at a high price?
Raw Data
TSE:8065 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.6x
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 Sato Shoji, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sato Shoji's assets?
Raw Data
TSE:8065 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,123.19
TSE:8065 Share Price * TSE (2020-02-20) in JPY ¥919
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:8065 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8065 Share Price ÷ Book Value per Share (both in JPY)

= 919 ÷ 2,123.19

0.43x

* Primary Listing of Sato Shoji.

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

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

8065 Future Performance

 How is Sato Shoji 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 Sato Shoji 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 Sato Shoji expected to grow at an attractive rate?
  • Unable to compare Sato Shoji's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sato Shoji's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Sato Shoji's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:8065 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:8065 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:8065 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:8065 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 206,510 2,987
2019-09-30 213,667 69 2,970
2019-06-30 215,160 2,913
2019-03-31 216,896 -541 3,229
2018-12-31 217,264 2,968
2018-09-30 214,998 944 3,092
2018-06-30 213,394 3,190
2018-03-31 208,387 2,058 3,130
2017-12-31 201,574 3,105
2017-09-30 193,625 4,784 3,159
2017-06-30 185,978 2,991
2017-03-31 179,947 4,352 2,591

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sato Shoji is high growth as no earnings estimate data is available.
  • Unable to determine if Sato Shoji 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:8065 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sato Shoji Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8065 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:8065 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 139.17
2019-09-30 138.41
2019-06-30 135.78
2019-03-31 150.47
2018-12-31 138.24
2018-09-30 143.94
2018-06-30 148.41
2018-03-31 145.51
2017-12-31 144.28
2017-09-30 146.70
2017-06-30 138.79
2017-03-31 120.10

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

Next steps:

  1. Examine whether Sato Shoji is trading at Sato Shoji'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. Sato Shoji'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 Sato Shoji'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.
Sato Shoji 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.

8065 Past Performance

  How has Sato Shoji 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 Sato Shoji'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.
  • Sato Shoji's year on year earnings growth rate has been positive over the past 5 years.
  • Sato Shoji's 1-year earnings growth is less than its 5-year average (0.6% vs 7.8%)
  • Sato Shoji's earnings growth has exceeded the JP Trade Distributors industry average in the past year (0.6% vs -3%).
Earnings and Revenue History
Sato Shoji'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 Sato Shoji Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8065 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 206,510.00 2,987.00 12,605.00
2019-09-30 213,667.00 2,970.00 12,634.00
2019-06-30 215,160.00 2,913.00 12,547.00
2019-03-31 216,896.00 3,229.00 12,475.00
2018-12-31 217,264.00 2,968.00 12,358.00
2018-09-30 214,998.00 3,092.00 12,434.00
2018-06-30 213,394.00 3,190.00 12,602.00
2018-03-31 208,387.00 3,130.00 12,289.00
2017-12-31 201,574.00 3,105.00 12,062.00
2017-09-30 193,625.00 3,159.00 11,609.00
2017-06-30 185,978.00 2,991.00 11,017.00
2017-03-31 179,947.00 2,591.00 10,762.00
2016-12-31 177,828.00 2,378.00 10,733.00
2016-09-30 177,701.00 2,110.00 10,484.00
2016-06-30 180,807.00 2,097.00 10,373.00
2016-03-31 183,861.00 2,303.00 10,329.00
2015-12-31 186,453.00 2,035.00 10,330.00
2015-09-30 188,633.00 2,234.00 10,293.00
2015-06-30 187,627.00 2,345.00 10,265.00
2015-03-31 187,603.00 2,302.00 10,218.00
2014-12-31 186,027.00 2,598.00 10,182.00
2014-09-30 184,595.00 2,611.00 10,150.00
2014-06-30 183,292.00 2,381.00 10,122.00
2014-03-31 178,311.00 2,241.00 10,088.00
2013-12-31 170,661.00 1,917.00 9,780.00
2013-09-30 165,244.00 1,706.00 9,701.00
2013-06-30 160,089.00 1,845.00 9,425.00
2013-03-31 160,193.00 1,683.00 9,385.00

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

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

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

8065 Health

 How is Sato Shoji'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 Sato Shoji's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sato Shoji is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sato Shoji's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sato Shoji's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.5x 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.
Raw Data

All data from Sato Shoji Company Filings, last reported 1 month ago.

TSE:8065 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 45,603.00 19,270.00 1,817.00
2019-09-30 44,065.00 22,171.00 2,306.00
2019-06-30 43,413.00 22,393.00 3,388.00
2019-03-31 44,198.00 23,143.00 3,295.00
2018-12-31 42,974.00 22,882.00 3,572.00
2018-09-30 45,004.00 21,664.00 3,645.00
2018-06-30 43,374.00 20,890.00 3,908.00
2018-03-31 43,733.00 20,207.00 3,589.00
2017-12-31 44,218.00 20,362.00 3,449.00
2017-09-30 42,573.00 18,989.00 3,703.00
2017-06-30 41,129.00 19,863.00 3,656.00
2017-03-31 40,103.00 18,681.00 3,358.00
2016-12-31 38,991.00 19,687.00 3,958.00
2016-09-30 36,653.00 21,306.00 3,305.00
2016-06-30 35,670.00 22,177.00 3,207.00
2016-03-31 36,072.00 22,069.00 3,539.00
2015-12-31 36,820.00 23,445.00 3,529.00
2015-09-30 35,468.00 25,479.00 3,410.00
2015-06-30 37,147.00 26,477.00 3,517.00
2015-03-31 36,604.00 26,018.00 4,063.00
2014-12-31 35,389.00 25,337.00 4,555.00
2014-09-30 34,368.00 26,008.00 3,123.00
2014-06-30 32,860.00 25,140.00 3,258.00
2014-03-31 31,992.00 22,271.00 3,385.00
2013-12-31 32,201.00 24,094.00 3,162.00
2013-09-30 30,956.00 22,462.00 3,005.00
2013-06-30 30,322.00 23,403.00 3,220.00
2013-03-31 29,298.00 22,526.00 3,559.00
  • Sato Shoji's level of debt (42.3%) 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 (71.6% vs 42.3% today).
  • Debt is not well covered by operating cash flow (0.4%, less than 20% of total debt).
  • Sato Shoji earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sato Shoji'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. Sato Shoji has a total score of 4/6, 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.

8065 Dividends

 What is Sato Shoji'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
4.68%
Current annual income from Sato Shoji dividends.
If you bought ¥2,000 of Sato Shoji shares you are expected to receive ¥94 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?
  • Sato Shoji's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.39%).
  • Sato Shoji's dividend is above the markets top 25% of dividend payers in Japan (3.1%).
Upcoming dividend payment

Purchase Sato Shoji 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:8065 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:8065 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:8065 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-21 43.000 4.838
2019-05-10 43.000 4.760
2018-06-22 40.000 3.884
2018-05-08 40.000 3.212
2017-11-08 36.000 2.979
2017-11-07 36.000 2.843
2017-06-23 30.000 2.859
2017-05-10 30.000 3.391
2017-02-03 30.000 3.425
2016-06-23 26.000 3.527
2016-05-11 26.000 4.167
2015-07-31 26.000 3.671
2015-06-26 24.000 2.966
2015-05-12 24.000 2.943
2014-11-05 24.000 3.102
2014-06-26 25.000 3.560
2014-05-09 25.000 3.775
2014-02-10 25.000 3.742
2014-02-06 25.000 3.654
2013-11-11 20.000 3.026
2013-11-06 25.000 4.148
2013-06-26 20.000 3.468
2013-05-08 20.000 3.531
2012-11-08 20.000 3.509
2012-06-27 20.000 3.851
2012-05-10 20.000 3.818
2012-02-08 20.000 3.569
2011-05-18 17.500 3.863
2011-02-14 20.000 4.136
2010-11-12 15.000 2.997
2010-11-11 15.000 3.272
2010-06-25 15.000 3.070
2010-05-13 15.000 2.805
2010-05-12 15.000 2.710
2010-02-12 15.000 2.909
2010-02-10 15.000 3.386
2009-11-13 15.000 3.310
2009-06-26 30.000 5.971
2009-05-14 30.000 5.879

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 Sato Shoji's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.1x 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 Sato Shoji'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 Sato Shoji afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sato Shoji 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.

8065 Management

 What is the CEO of Sato Shoji'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
Masatoshi Otowa
AGE 62
TENURE AS CEO 2.1 years
CEO Bio

Mr. Masatoshi Otowa has been Senior Managing Executive Officer of Sato Shoji Corporation since April 07, 2016 and served as its Managing Executive Officer since June 2014 until April 06, 2016 and served as its Managing Director since April 2011. Mr. Otowa served as an Executive General Manager of Iwate Branch, Akita Branch, East Tohoku Branch, Odate Branch, Sendai Branch, Tsuruoka Branch and Yamagata Branch for Sato Shoji Corp. since April 2005. joined Sato Shoji Corporation in April 1980. Mr. Otoba served as an Executive Officer of Sato Shoji Corporation since April 2007. Mr. Otowa served as General Manager of Hachinohe Sales Office at Sato Shoji Corp. since April 1996. Mr. Otowa served as General Manager of Tsuruoka Branch at Sato Shoji Corp. since October 2001. Mr. Otowa has been a Director of Sato Shoji Corporation since June 2008.

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

Average tenure and age of the Sato Shoji management team in years:

2.1
Average Tenure
62.5
Average Age
  • The tenure for the Sato Shoji management team is about average.
Management Team

Kazuo Murata

TITLE
Chairman and Executive Officer
AGE
68

Masatoshi Otowa

TITLE
President & Director
AGE
62
TENURE
2.1 yrs

Yoshiaki Taura

TITLE
Senior Managing Executive Officer and Director
AGE
65
TENURE
5.7 yrs

Masami Urano

TITLE
Managing Executive Officer & Director

Kazunori Suga

TITLE
Senior Corporate Officer & Director

Akihiko Ito

TITLE
Senior Corporate Officer
TENURE
1.1 yrs

Satoru Fujikura

TITLE
Managing Executive Officer
TENURE
1.1 yrs

Kazuo Komatsu

TITLE
Senior Executive Officer
AGE
63

Masayuki Akimoto

TITLE
Senior Executive Officer
AGE
50

Tetsuo Nozawa

TITLE
Managing Executive Officer and Director
AGE
62
TENURE
5.7 yrs
Board of Directors Tenure

Average tenure and age of the Sato Shoji board of directors in years:

4.7
Average Tenure
66.5
Average Age
  • The tenure for the Sato Shoji board of directors is about average.
Board of Directors

Kazuo Murata

TITLE
Chairman and Executive Officer
AGE
68
TENURE
5.8 yrs

Masatoshi Otowa

TITLE
President & Director
AGE
62
TENURE
11.7 yrs

Yoshiaki Taura

TITLE
Senior Managing Executive Officer and Director
AGE
65
TENURE
10.7 yrs

Masami Urano

TITLE
Managing Executive Officer & Director
TENURE
1.1 yrs

Kazunori Suga

TITLE
Senior Corporate Officer & Director
TENURE
1.1 yrs

Tetsuo Nozawa

TITLE
Managing Executive Officer and Director
AGE
62
TENURE
8.7 yrs

Osamu Saito

TITLE
External Director
AGE
72
TENURE
4.7 yrs

Ken Kotani

TITLE
Outside Director
TENURE
2.7 yrs

Yoshio Hara

TITLE
AGE
78
TENURE
4.7 yrs

Mikio Akaishi

TITLE
TENURE
1.7 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 Sato Shoji'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. Sato Shoji 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.

8065 News

Simply Wall St News

8065 Company Info

Description

Sato Shoji Corporation sells iron and steel products, non-ferrous metals, electronic materials, machines, industrial tools, lifestyle goods, precious metals and jewelry, construction materials, and environment-related goods in Japan. It provides ordinary and specialty steel sheets, wire rods, steel pipes, processed products, building materials, and bar steel and section steel products for industries, such as automobiles, construction machinery, bridge building, construction, electrical machinery, ship building, and molds. The company also sells and imports non-ferrous metals, manufacturing equipment, sub-materials, and die-casting machines; and provides laminated board materials of printed circuit boards used in mobile phones and household appliances, sub-materials, equipment, and machines related to manufacturing. In addition, it offers machinery and tools products, such as machining tools, various types of equipment and devices, imported machinery, gear cutting tools, grinding tools, grinding wheels, measurement equipment, and other products. Further, the company provides the Martian, DANSK, and Sori Yanagi branded Western crockery and cutlery, as well as tableware, precious metals, and accessories. Additionally, it sells organic vegetables and fruits, canned goods and natural water, and various dishes through its mail order businesses, such as Sato Direct and Zenkoku Umaimonbin, as well as through SAYA stores; sells and handles AED and ozone generators; and designs, manufactures, and sells uniforms. Sato Shoji Corporation was founded in 1930 and is headquartered in Tokyo, Japan.

Details
Name: Sato Shoji Corporation
8065
Exchange: TSE
Founded: 1930
¥19,736,139,811
21,475,669
Website: http://www.satoshoji.co.jp
Address: Sato Shoji Corporation
Marunouchi Trust Tower North,
16th Floor,
Tokyo,
100-8285,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8065 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
831
Sato Shoji employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 14:56
End of day share price update: 2020/02/20 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2020/02/05
Last earnings reported: 2019/12/31
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.