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Mitani

TSE:8066
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8066
TSE
¥156B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Mitani Corporation engages in the information system, construction material, energy, and other businesses in Japan and internationally. The last earnings update was 75 days ago. More info.


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8066 Share Price and Events
7 Day Returns
3.7%
TSE:8066
-1%
JP Trade Distributors
-1.8%
JP Market
1 Year Returns
15.2%
TSE:8066
6.6%
JP Trade Distributors
10.5%
JP Market
8066 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitani (8066) 3.7% -0.3% 14.8% 15.2% 90.2% 132.1%
JP Trade Distributors -1% -0.6% 4.5% 6.6% 23.6% 48.6%
JP Market -1.8% -1.1% 3.1% 10.5% 12.4% 24.9%
1 Year Return vs Industry and Market
  • 8066 outperformed the Trade Distributors industry which returned 6.6% over the past year.
  • 8066 outperformed the Market in Japan which returned 10.5% over the past year.
Price Volatility
8066
Industry
5yr Volatility vs Market
Related Companies

8066 Value

 Is Mitani 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 Mitani 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 Mitani.

TSE:8066 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in JPY ¥ 64.000000
Payout Ratio Company Filings (2019-09-30) 1089.1%
Discount Rate (Cost of Equity) See below 6.2%
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:8066
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%) (6.69%))
0.986
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.986 * 6.33%)
6.15%

Discounted Cash Flow Calculation for TSE:8066 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Mitani 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:8066 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥64 / (6.15% - -0.09%)
¥1025.01
TSE:8066 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,025.01
Current discount Discount to share price of ¥6,220.00
= -1 x (¥6,220.00 - ¥1,025.01) / ¥1,025.01
-506.8%

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

  • The current share price of Mitani 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 Mitani's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitani's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:8066 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥496.00
TSE:8066 Share Price ** TSE (2020-01-27) in JPY ¥6220
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.75x
Japan Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 15.74x

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

** Primary Listing of Mitani.

TSE:8066 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8066 Share Price ÷ EPS (both in JPY)

= 6220 ÷ 496.00

12.54x

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

  • Mitani is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • Mitani is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Mitani's expected growth come at a high price?
Raw Data
TSE:8066 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Trade Distributors Industry PEG Ratio Median Figure of 21 Publicly-Listed Trade Distributors Companies 2.09x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.83x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Mitani, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mitani's assets?
Raw Data
TSE:8066 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥5,069.08
TSE:8066 Share Price * TSE (2020-01-27) in JPY ¥6220
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.73x
Japan Market PB Ratio Median Figure of 3,547 Publicly-Listed Companies 1.14x
TSE:8066 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8066 Share Price ÷ Book Value per Share (both in JPY)

= 6220 ÷ 5,069.08

1.23x

* Primary Listing of Mitani.

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

  • Mitani is overvalued based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess Mitani'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. Mitani has a total score of 1/6, 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.

8066 Future Performance

 How is Mitani 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 Mitani has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.1%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitani expected to grow at an attractive rate?
  • Unable to compare Mitani's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mitani's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Mitani's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:8066 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.1%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSE:8066 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:8066 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:8066 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 418,233 8,815 12,332
2019-06-30 418,086 12,314
2019-03-31 417,827 19,786 12,398
2018-12-31 413,266 11,138
2018-09-30 403,166 18,509 10,813
2018-06-30 391,882 10,221
2018-03-31 380,034 26,348 9,907
2017-12-31 378,409 10,397
2017-09-30 374,213 24,822 11,072
2017-06-30 368,537 10,794
2017-03-31 361,399 13,784 10,459
2016-12-31 358,237 11,238

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mitani is high growth as no earnings estimate data is available.
  • Unable to determine if Mitani 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:8066 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Mitani Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8066 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:8066 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 496.00
2019-06-30 494.76
2019-03-31 497.57
2018-12-31 446.21
2018-09-30 431.99
2018-06-30 406.81
2018-03-31 392.58
2017-12-31 409.97
2017-09-30 434.43
2017-06-30 421.12
2017-03-31 405.60
2016-12-31 433.14

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

Next steps:

  1. Check out Mitani's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Mitani'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 Mitani'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.
Mitani 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.

8066 Past Performance

  How has Mitani 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 Mitani'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.
  • Mitani's year on year earnings growth rate has been positive over the past 5 years.
  • Mitani's 1-year earnings growth exceeds its 5-year average (14% vs 2.7%)
  • Mitani's earnings growth has exceeded the JP Trade Distributors industry average in the past year (14% vs -3.6%).
Earnings and Revenue History
Mitani'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 Mitani Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8066 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 418,233.00 12,332.00 24,560.00 108.00
2019-06-30 418,086.00 12,314.00 24,047.00 108.00
2019-03-31 417,827.00 12,398.00 23,725.00 108.00
2018-12-31 413,266.00 11,138.00 23,716.00 110.00
2018-09-30 403,166.00 10,813.00 23,621.00 110.00
2018-06-30 391,882.00 10,221.00 23,344.00 110.00
2018-03-31 380,034.00 9,907.00 23,120.00 110.00
2017-12-31 378,409.00 10,397.00 22,961.00 94.00
2017-09-30 374,213.00 11,072.00 22,837.00 94.00
2017-06-30 368,537.00 10,794.00 23,011.00 94.00
2017-03-31 361,399.00 10,459.00 22,700.00 94.00
2016-12-31 358,237.00 11,238.00 19,693.00 84.00
2016-09-30 365,118.00 10,519.00 19,743.00 84.00
2016-06-30 379,008.00 10,751.00 20,066.00 84.00
2016-03-31 399,857.00 11,335.00 20,660.00 84.00
2015-12-31 417,243.00 10,909.00 23,406.00 72.00
2015-09-30 436,010.00 11,188.00 24,025.00 72.00
2015-06-30 453,054.00 10,936.00 24,358.00 72.00
2015-03-31 461,957.00 10,635.00 24,609.00 72.00
2014-12-31 474,955.00 9,930.00 25,588.00 59.00
2014-09-30 474,584.00 9,205.00 25,225.00 59.00
2014-06-30 467,920.00 8,989.00 24,915.00 59.00
2014-03-31 460,787.00 8,709.00 24,410.00 59.00
2013-12-31 449,661.00 8,588.00 23,879.00 53.00
2013-09-30 438,722.00 8,221.00 23,669.00 53.00
2013-06-30 426,465.00 7,998.00 23,459.00 53.00
2013-03-31 421,346.00 7,806.00 23,518.00 53.00

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

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

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

8066 Health

 How is Mitani'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 Mitani's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitani is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mitani's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mitani'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 16.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Mitani Company Filings, last reported 3 months ago.

TSE:8066 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 143,191.00 10,411.00 84,356.00
2019-06-30 140,055.00 9,701.00 86,666.00
2019-03-31 138,645.00 9,577.00 89,945.00
2018-12-31 134,723.00 10,374.00 85,265.00
2018-09-30 132,154.00 11,225.00 84,766.00
2018-06-30 129,033.00 11,288.00 80,952.00
2018-03-31 127,479.00 10,029.00 77,451.00
2017-12-31 124,986.00 11,464.00 75,591.00
2017-09-30 122,522.00 12,453.00 77,739.00
2017-06-30 120,155.00 10,754.00 70,151.00
2017-03-31 118,750.00 10,053.00 66,814.00
2016-12-31 115,550.00 11,555.00 72,763.00
2016-09-30 112,257.00 11,570.00 63,928.00
2016-06-30 110,174.00 11,722.00 63,797.00
2016-03-31 109,143.00 11,848.00 54,042.00
2015-12-31 106,320.00 13,374.00 58,613.00
2015-09-30 104,169.00 13,192.00 48,360.00
2015-06-30 102,467.00 13,856.00 47,771.00
2015-03-31 100,765.00 13,341.00 46,460.00
2014-12-31 96,679.00 12,929.00 51,423.00
2014-09-30 94,140.00 13,097.00 38,287.00
2014-06-30 92,755.00 13,361.00 39,921.00
2014-03-31 91,266.00 12,653.00 42,615.00
2013-12-31 87,985.00 13,705.00 56,716.00
2013-09-30 85,681.00 13,928.00 43,039.00
2013-06-30 83,830.00 13,229.00 52,814.00
2013-03-31 82,200.00 13,058.00 55,190.00
  • Mitani's level of debt (7.3%) 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 (13.9% vs 7.3% today).
  • Debt is well covered by operating cash flow (84.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 166.1x coverage).
X
Financial health checks
We assess Mitani'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. Mitani has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

8066 Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.03%
Current annual income from Mitani dividends.
If you bought ¥2,000 of Mitani shares you are expected to receive ¥21 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?
  • Mitani's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • Mitani's dividend is below the markets top 25% of dividend payers in Japan (2.99%).
Upcoming dividend payment

Purchase Mitani 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:8066 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Japan Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 106 Stocks 3.8%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2975 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

TSE:8066 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:8066 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-28 64.000 1.169
2019-05-15 64.000 1.118
2018-06-29 43.000 0.792
2018-05-15 43.000 0.848
2017-11-10 38.000 0.755
2017-06-30 38.000 0.872
2017-05-15 38.000 0.924
2017-02-10 30.000 0.834
2017-02-09 30.000 0.886
2016-11-11 30.000 0.926
2016-11-10 30.000 0.993
2016-06-30 30.000 0.959
2016-05-12 30.000 1.016
2015-06-30 36.000 1.197
2015-05-14 36.000 1.291
2015-02-10 30.000 1.134
2014-11-13 30.000 1.119
2014-06-30 30.000 1.105
2014-05-13 30.000 1.295
2014-02-13 27.000 1.234
2013-11-11 26.000 1.210
2013-08-12 25.000 1.342
2013-06-28 28.000 1.632
2013-05-13 25.000 1.486
2013-02-14 22.000 1.365
2013-02-13 22.000 1.529
2012-11-13 22.000 1.977
2012-11-09 22.000 2.471
2012-08-10 22.000 2.430
2012-06-25 22.000 2.341
2012-05-09 22.000 2.437
2012-02-07 20.000 1.827
2011-11-10 20.000 2.159
2011-08-12 18.000 1.978
2011-06-30 18.000 1.733
2011-05-13 18.000 1.610
2011-02-09 15.500 1.611
2010-11-10 15.000 2.259
2010-06-25 15.000 2.519
2010-05-13 15.000 2.610
2009-11-06 14.000 2.615
2009-05-12 14.000 2.322
2009-02-13 14.000 3.273

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 Mitani's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Mitani'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 Mitani afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitani has a total score of 3/6, see the detailed checks below.


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

8066 Management

 What is the CEO of Mitani'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
Akira Mitani
COMPENSATION ¥172,000,000
AGE 57
CEO Bio

Mr. Akira Mitani has been President of Mitani Corporation since June 1998 and serves as its Chief Executive Officer. Mr. Mitani has been President of Mitani Tochi Kaihatsu K. K. (Mitani Tochi Home K. K.) since January 1989. He joined Mitani Corporation in February 1989 as Senior Managing Director and served as its Vice-President since November 1989. He served as President and Representative Director of Mitani Sekisan Co., Ltd., since December 1994. He joined Fuji Xerox Co., Ltd., in April 1987. He has been Representative Director of Mitani Corporation since June 1998. He has been Representative Director of Mitani Tochi Kaihatsu K. K. since January 1989 and Mitani Sekisan Co., Ltd., since December 1994.

CEO Compensation
  • Akira's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Akira's remuneration is about average for companies of similar size in Japan.
Management Team

Akira Mitani

TITLE
CEO, President & Representative Director
COMPENSATION
¥172M
AGE
57

Katsunori Yamamoto

TITLE
MD, Head of Finance
AGE
67

Yoshitaka Yamamoto

TITLE
Senior Managing Executive Officer
AGE
72
TENURE
17.6 yrs

Shuji Hondo

TITLE
Chief of Sales Promotion Section

Haruo Kashiwa

TITLE
Executive Officer & Head of Hokuriku & Chubu Branch

Akihiko Takashi

TITLE
Executive Officer

Kenichi Yamagishi

TITLE
Executive Officer

Toru Sato

TITLE
Executive Officer & GM of Energy Division

Junya Ushiro

TITLE
Executive Officer and Manager of Educational Sales Department & Information Solution Division

Sadato Yamazaki

TITLE
Executive Officer
Board of Directors Tenure

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

21.6
Average Tenure
67
Average Age
  • The average tenure for the Mitani board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Katsunori Yamamoto

TITLE
MD, Head of Finance
AGE
67

Yoshitaka Yamamoto

TITLE
Senior Managing Executive Officer
AGE
72
TENURE
21.6 yrs

Toshikazu Sano

TITLE
External Director
AGE
57
TENURE
13.6 yrs

Akira Mitani

TITLE
CEO, President & Representative Director
COMPENSATION
¥172M
AGE
57
TENURE
21.6 yrs

Minoru Sugahara

TITLE
Director
AGE
79
TENURE
27.6 yrs

Tomozo Fujita

TITLE
External Director
AGE
56

Hirotaka Nishikawa

TITLE
Standing Corporate Auditor
AGE
58

Masayasu Uno

TITLE
External Auditor
AGE
83

Shigezou Katsuki

TITLE
External Auditor
AGE
81
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 Mitani'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. Mitani 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.

8066 News

Simply Wall St News

8066 Company Info

Description

Mitani Corporation engages in the information system, construction material, energy, and other businesses in Japan and internationally. The company offers system integration services focusing on planning, developing, managing, and supporting computer systems, networks, and software, as well as selling related devices; develops and sells image-processing systems; develops packaged applications; and manages Internet service providers. It also supplies construction materials, including cement, concrete, outer-wall materials, aluminum sashes, concrete-based secondary products, and other products, as well as building gondolas; and sells volatile and coal oil products, light and heavy oil products, petrochemical products, LPG, coal products, and heat supply systems, as well as plastic and chemical goods. In addition, the company engages in the solar and wind power, industrial equipment, storage facility, leasing, restaurant management, senior lifestyle, elevators, parking lots, and cable television businesses. Further, it is involved in outsourcing, application housing, Internet solution, EMG marketing agency, gas-station operation, vehicle maintenance, plating and painting accident-insurance agency, IT, nursing-home management, other nursing and caregiving, and exterior construction services. Additionally, the company sells automotive products; leases vehicles; inspects, rents, and sells new and used vehicles; rents gondolas; supplies and sells LP gas for residential, commercial, and industrial uses; and sells gas fixtures and housing equipment. It is also involved in planning, surveying, measuring, and designing in civil engineering and construction management; and information processing and construction IT support system businesses, as well as home renovation piping work for LP gas. The company was founded in 1914 and is headquartered in Fukui, Japan.

Details
Name: Mitani Corporation
8066
Exchange: TSE
Founded: 1914
¥155,566,177,800
25,091,319
Website: http://www.mitani-corp.co.jp
Address: Mitani Corporation
1-3-1 Toyoshima,
Fukui,
Fukui, 910-8510,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8066 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
2,233
Mitani employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 14:47
End of day share price update: 2020/01/27 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/11/14
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.