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Shinsho

TSE:8075
Snowflake Description

Adequate balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8075
TSE
¥14B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Shinsho Corporation imports, exports, and trades iron and steel, ferrous raw material, nonferrous metal, machinery, information industry, and welding products worldwide. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Shinsho has significant price volatility in the past 3 months.
8075 Share Price and Events
7 Day Returns
-24.8%
TSE:8075
-13%
JP Trade Distributors
-8.9%
JP Market
1 Year Returns
-41.9%
TSE:8075
-23.1%
JP Trade Distributors
-17.9%
JP Market
8075 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shinsho (8075) -24.8% -25.7% -44.3% -41.9% -33.3% -41%
JP Trade Distributors -13% -17.8% -26.9% -23.1% -8.3% -2.3%
JP Market -8.9% -12.1% -22.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 8075 underperformed the Trade Distributors industry which returned -23.1% over the past year.
  • 8075 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
8075
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Shinsho 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 Shinsho 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 Shinsho.

TSE:8075 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in JPY ¥ 110.000000
Payout Ratio Company Filings (2019-12-31) 2086.3%
Discount Rate (Cost of Equity) See below 12.6%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

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

Calculation of Discount Rate/ Cost of Equity for TSE:8075
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 0.86
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.861 (1 + (1- 30.86%) (495.71%))
2.885
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (2 * 6.33%)
12.57%

Discounted Cash Flow Calculation for TSE:8075 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Shinsho 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:8075 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥110 / (12.57% - -0.09%)
¥868.88
TSE:8075 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥868.88
Current discount Discount to share price of ¥1,570.00
= -1 x (¥1,570.00 - ¥868.88) / ¥868.88
-80.7%

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

  • The current share price of Shinsho 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 Shinsho's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shinsho's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:8075 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥461.03
TSE:8075 Share Price ** TSE (2020-04-03) in JPY ¥1570
Japan Trade Distributors Industry PE Ratio Median Figure of 109 Publicly-Listed Trade Distributors Companies 7.08x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 11.52x

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

** Primary Listing of Shinsho.

TSE:8075 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8075 Share Price ÷ EPS (both in JPY)

= 1570 ÷ 461.03

3.41x

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

  • Shinsho is good value based on earnings compared to the JP Trade Distributors industry average.
  • Shinsho is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Shinsho's expected growth come at a high price?
Raw Data
TSE:8075 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.41x
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 1.07x
Japan Market PEG Ratio Median Figure of 1,282 Publicly-Listed Companies 1.26x

*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 Shinsho, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shinsho's assets?
Raw Data
TSE:8075 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥6,275.18
TSE:8075 Share Price * TSE (2020-04-03) in JPY ¥1570
Japan Trade Distributors Industry PB Ratio Median Figure of 110 Publicly-Listed Trade Distributors Companies 0.52x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x
TSE:8075 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8075 Share Price ÷ Book Value per Share (both in JPY)

= 1570 ÷ 6,275.18

0.25x

* Primary Listing of Shinsho.

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

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

Future Performance

 How is Shinsho 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 Shinsho 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
6.6%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shinsho expected to grow at an attractive rate?
  • Unable to compare Shinsho's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shinsho's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Shinsho's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:8075 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 6.6%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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:8075 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:8075 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:8075 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 956,184 4,082
2019-09-30 975,054 -4,083 3,809
2019-06-30 967,104 4,221
2019-03-31 952,507 -13,268 5,019
2018-12-31 948,791 4,942
2018-09-30 930,065 -685 5,529
2018-06-30 921,832 5,567
2018-03-31 929,467 199 5,449
2017-12-31 910,524 4,791
2017-09-30 873,087 3,523 4,303
2017-06-30 829,020 4,722
2017-03-31 769,481 5,875 2,970

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shinsho is high growth as no earnings estimate data is available.
  • Unable to determine if Shinsho 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:8075 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 Shinsho Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8075 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:8075 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 461.03
2019-09-30 430.20
2019-06-30 476.73
2019-03-31 566.86
2018-12-31 558.17
2018-09-30 624.46
2018-06-30 628.76
2018-03-31 615.43
2017-12-31 541.11
2017-09-30 486.00
2017-06-30 533.33
2017-03-31 335.44

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

Next steps:

  1. Examine whether Shinsho is trading at Shinsho'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. Shinsho'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 Shinsho'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.
Shinsho 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 Shinsho 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 Shinsho'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.
  • Shinsho's year on year earnings growth rate has been positive over the past 5 years.
  • Shinsho's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Shinsho's 1-year earnings growth is negative, it can't be compared to the JP Trade Distributors industry average.
Earnings and Revenue History
Shinsho'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 Shinsho Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8075 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 956,184.00 4,082.00 24,737.00
2019-09-30 975,054.00 3,809.00 24,413.00
2019-06-30 967,104.00 4,221.00 23,747.00
2019-03-31 952,507.00 5,019.00 23,693.00
2018-12-31 948,791.00 4,942.00 23,274.00
2018-09-30 930,065.00 5,529.00 23,002.00
2018-06-30 921,832.00 5,567.00 23,000.00
2018-03-31 929,467.00 5,449.00 22,813.00
2017-12-31 910,524.00 4,791.00 22,260.00
2017-09-30 873,087.00 4,303.00 21,936.00
2017-06-30 829,020.00 4,722.00 21,542.00
2017-03-31 769,481.00 2,970.00 21,290.00
2016-12-31 734,807.00 3,257.00 21,029.00
2016-09-30 729,882.00 2,871.00 20,984.00
2016-06-30 752,760.00 2,198.00 20,872.00
2016-03-31 791,342.00 3,480.00 20,684.00
2015-12-31 838,689.00 3,870.00 20,303.00
2015-09-30 863,432.00 4,119.00 20,033.00
2015-06-30 872,725.00 4,138.00 19,616.00
2015-03-31 870,407.00 3,974.00 19,108.00
2014-12-31 855,500.00 4,393.00 18,815.00
2014-09-30 855,226.00 4,139.00 18,480.00
2014-06-30 848,985.00 3,787.00 18,097.00
2014-03-31 840,945.00 3,160.00 17,840.00
2013-12-31 816,980.00 2,739.00 17,642.00
2013-09-30 784,742.00 2,562.00 17,357.00
2013-06-30 769,987.00 2,434.00 17,185.00

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

Health

 How is Shinsho'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 Shinsho's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shinsho is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Shinsho's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Shinsho'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 3.7x 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 Shinsho Company Filings, last reported 3 months ago.

TSE:8075 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 57,701.00 68,922.00 11,528.00
2019-09-30 55,310.00 64,611.00 11,014.00
2019-06-30 55,316.00 74,199.00 9,674.00
2019-03-31 54,919.00 62,553.00 5,553.00
2018-12-31 54,945.00 71,630.00 10,435.00
2018-09-30 55,321.00 60,803.00 14,963.00
2018-06-30 53,816.00 68,439.00 11,559.00
2018-03-31 53,724.00 59,311.00 19,023.00
2017-12-31 53,236.00 68,655.00 12,613.00
2017-09-30 51,309.00 58,605.00 16,120.00
2017-06-30 49,373.00 58,789.00 7,101.00
2017-03-31 47,681.00 54,972.00 16,491.00
2016-12-31 45,559.00 64,370.00 11,077.00
2016-09-30 43,260.00 58,261.00 15,441.00
2016-06-30 43,977.00 59,747.00 8,675.00
2016-03-31 45,249.00 59,290.00 17,257.00
2015-12-31 46,486.00 63,755.00 14,628.00
2015-09-30 46,500.00 59,132.00 17,009.00
2015-06-30 46,991.00 55,266.00 9,036.00
2015-03-31 45,691.00 54,409.00 18,635.00
2014-12-31 42,648.00 56,048.00 15,878.00
2014-09-30 40,423.00 50,962.00 18,378.00
2014-06-30 38,388.00 48,807.00 8,220.00
2014-03-31 37,536.00 48,330.00 16,288.00
2013-12-31 35,723.00 49,948.00 9,278.00
2013-09-30 34,623.00 50,197.00 15,085.00
2013-06-30 33,465.00 51,609.00 6,767.00
  • Shinsho's level of debt (119.4%) 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 (131.3% vs 119.4% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 28.7x coverage).
X
Financial health checks
We assess Shinsho'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. Shinsho 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.

Dividends

 What is Shinsho'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
7.01%
Current annual income from Shinsho dividends.
If you bought ¥2,000 of Shinsho shares you are expected to receive ¥140 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?
  • Shinsho's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.81%).
  • Shinsho's dividend is above the markets top 25% of dividend payers in Japan (4.2%).
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:8075 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 107 Stocks 5.1%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2988 Stocks 3%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.8%
Japan Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

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

TSE:8075 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:8075 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-14 110.000 4.630
2019-10-31 110.000 4.218
2019-06-26 110.000 4.757
2019-04-26 110.000 4.725
2019-02-14 110.000 4.210
2018-11-14 110.000 4.295
2018-10-31 110.000 3.858
2018-07-31 110.000 3.551
2018-06-27 100.000 3.484
2018-04-27 100.000 3.130
2018-02-14 110.000 2.961
2018-01-31 110.000 2.894
2017-11-14 90.000 2.799
2017-10-31 90.000 2.755
2017-06-28 90.000 2.866
2017-04-28 90.000 3.490
2017-02-14 80.000 3.283
2017-01-31 100.000 4.069
2016-11-14 120.000 5.099
2016-10-28 120.000 6.195
2016-06-28 80.000 4.609
2016-04-28 80.000 4.521
2016-01-29 80.000 3.979
2015-10-30 80.000 3.311
2015-07-29 80.000 3.191
2015-06-25 100.000 3.739
2015-04-28 80.000 2.922
2015-02-12 60.000 2.234
2015-01-30 60.000 2.293
2014-11-13 60.000 2.251
2014-10-31 60.000 2.166
2014-06-26 60.000 2.344
2014-04-28 60.000 2.593
2014-02-13 60.000 2.913
2014-01-31 60.000 2.882
2013-11-13 60.000 2.650
2013-10-31 60.000 3.004
2013-06-27 60.000 3.001
2013-04-26 60.000 3.178
2013-02-12 60.000 3.236
2013-01-31 60.000 3.209
2012-11-12 60.000 3.749
2012-10-31 60.000 4.211
2012-06-28 60.000 3.872
2012-04-27 60.000 3.503
2012-02-13 60.000 3.095
2012-01-31 60.000 3.204
2011-11-11 60.000 3.288
2011-10-28 60.000 3.344
2011-07-29 60.000 3.217
2011-06-29 50.000 2.550
2011-04-28 50.000 2.648
2011-02-10 50.000 2.449
2011-01-28 50.000 2.309
2010-11-12 50.000 2.574
2010-10-29 50.000 2.974
2010-07-30 50.000 2.933
2010-06-29 50.000 2.788
2010-04-28 50.000 2.686
2010-01-29 40.000 2.262
2009-11-13 40.000 2.660
2009-10-30 40.000 2.666
2009-06-26 60.000 3.727
2009-04-28 60.000 3.625

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 Shinsho's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.2x 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 Shinsho's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Shinsho afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shinsho 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

 What is the CEO of Shinsho'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
Takafumi Morichi
AGE 61
TENURE AS CEO 2.8 years
CEO Bio

Takafumi Morichi has been President and Chief Executive Officer of Shinsho Corporation since June 2017. Takafumi Morichi served as a Senior Managing Executive Officer at Kobe Steel Ltd since April 2015 and was responsible for its Secretariat & Publicity Department, General Administration Department, Human Resources Department (excluding occupational safety management and QC support), Marketing Planning Department, Civil Engineering & Construction Technology Department, Rugby Administration Office, branch offices and sales offices (including Takasago Works). Takafumi Morichi served as Managing Executive Officer of Kobe Steel, Ltd. since April 2013 and Executive Officer since April 2011. Takafumi Morichi joined Kobe Steel, Ltd. in April 1981. Takafumi Morichi served as Senior Officer of Kobe Steel Ltd. Takafumi Morichi has been Director of Shinsho Corporation since June 2017. Takafumi Morichi served as a Corporate Auditor of Nippon Koshuha Steel Co. Ltd., since June 2004.

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

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

3.3
Average Tenure
62
Average Age
  • The tenure for the Shinsho management team is about average.
Management Team

Takafumi Morichi

TITLE
President
AGE
61
TENURE
2.8 yrs

Kenji Onishi

TITLE
Chief of Beijing Office
AGE
64

Toshikazu Okamoto

TITLE
Senior Executive Officer and Director
AGE
64
TENURE
4.8 yrs

Hiroshi Watanabe

TITLE
Senior Managing Executive Officer & Director
AGE
62
TENURE
0.8 yrs

Yoshihiro Matsubara

TITLE
Executive Officer & Officer for China

Satoshi Muta

TITLE
Managing Executive Officer
TENURE
0.8 yrs

Hiroyoshi Tsumura

TITLE
Senior Executive Officer and Representative Director
TENURE
8.8 yrs

Akio Matsuda

TITLE
Senior Executive Officer & Director

Kyoya Mukai

TITLE
Executive Officer of Iron & Steel Division

Takashi Goto

TITLE
Senior Executive Officer & Director
AGE
62
TENURE
3.8 yrs
Board of Directors Tenure

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

3.8
Average Tenure
62
Average Age
  • The tenure for the Shinsho board of directors is about average.
Board of Directors

Takafumi Morichi

TITLE
President
AGE
61
TENURE
2.8 yrs

Kenji Onishi

TITLE
Chief of Beijing Office
AGE
64
TENURE
4.8 yrs

Toshikazu Okamoto

TITLE
Senior Executive Officer and Director
AGE
64
TENURE
7.8 yrs

Hiroyoshi Tsumura

TITLE
Senior Executive Officer and Representative Director
TENURE
4.8 yrs

Akio Matsuda

TITLE
Senior Executive Officer & Director

Kyoya Mukai

TITLE
Executive Officer of Iron & Steel Division

Takashi Goto

TITLE
Senior Executive Officer & Director
AGE
62
TENURE
3.8 yrs

Hiroshi Kato

TITLE
Senior Executive Officer & Director
TENURE
2.8 yrs

Shutoku Ota

TITLE
Executive Officer and Chairman of the Kobelco Trading (Shanghai) Co Ltd

Kenji Onishi

TITLE
Executive Officer & Director
AGE
61
TENURE
2.8 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 Shinsho'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. Shinsho 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.

News

Simply Wall St News

Company Info

Description

Shinsho Corporation imports, exports, and trades iron and steel, ferrous raw material, nonferrous metal, machinery, information industry, and welding products worldwide. The company offers iron and steel products, including half-finished steel, special steel, construction material, casting and forging, carbon steel, wire rod, titanium and nickel alloy, and casting material and cast products; ferrous raw materials, such as materials for making iron and steel, and other products comprising titanium sponge, coke breeze, slag products, slag powder for blast furnaces, cement, refuse paper and plastic fuel, secondary cement products, iron sand, plastics, chemical products, titanium scrap, new materials, and other auxiliary materials; and nonferrous metals comprising aluminum, cast, aluminum and copper material, copper, and processed aluminum and copper products. It also provides machinery and electronics that include chemicals and food processing equipment; iron and steel, and non-ferrous metal related equipment; electronic and IT equipment; environment and energy-related equipment; and general industrial equipment. In addition, the company offers welding products, which comprise welding materials and welding-related equipment, and production materials for use in steel frame, construction machinery, and chemical engineering installation industries, including shipbuilding, steel frames, bridges, construction machinery, automotive, heavy electrical, chemical engineering, fabrication, welding material, and other applications. Shinsho Corporation was founded in 1946 and is headquartered in Osaka, Japan.

Details
Name: Shinsho Corporation
8075
Exchange: TSE
Founded: 1946
¥13,903,665,660
8,855,838
Website: http://www.shinsho.co.jp
Address: Shinsho Corporation
Yodoyabashi Square,
6-18, Kitahama 2-Chome,
Osaka,
541-8557,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8075 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,604
Shinsho employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 15:58
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2020/02/13
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.