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Kanaden

TSE:8081
Snowflake Description

Established dividend payer with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8081
TSE
¥39B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Kanaden Corporation operates as an electronics technology trading company in Japan and internationally. The last earnings update was 36 days ago. More info.


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8081 Share Price and Events
7 Day Returns
3.7%
TSE:8081
1.2%
JP Trade Distributors
0.7%
JP Market
1 Year Returns
5.4%
TSE:8081
6.8%
JP Trade Distributors
9.4%
JP Market
8081 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kanaden (8081) 3.7% -1.4% 2.3% 5.4% 29.9% 71.4%
JP Trade Distributors 1.2% 2.4% 7.7% 6.8% 25.1% 50.3%
JP Market 0.7% 1.4% 9.1% 9.4% 13.8% 30.3%
1 Year Return vs Industry and Market
  • 8081 underperformed the Trade Distributors industry which returned 6.8% over the past year.
  • 8081 underperformed the Market in Japan which returned 9.4% over the past year.
Price Volatility
8081
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Kanaden 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 Kanaden 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 Kanaden.

TSE:8081 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in JPY ¥ 46.000000
Payout Ratio Company Filings (2019-09-30) 3019.8%
Discount Rate (Cost of Equity) See below 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:8081
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 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.947 (1 + (1- 30.86%) (0%))
0.965
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.965 * 6.33%)
6.02%

Discounted Cash Flow Calculation for TSE:8081 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Kanaden 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:8081 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥46 / (6.02% - -0.09%)
¥753.28
TSE:8081 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥753.28
Current discount Discount to share price of ¥1,359.00
= -1 x (¥1,359.00 - ¥753.28) / ¥753.28
-80.4%

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

  • The current share price of Kanaden 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 Kanaden's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kanaden's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:8081 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥130.82
TSE:8081 Share Price ** TSE (2019-12-11) in JPY ¥1359
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.82x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 15.61x

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

** Primary Listing of Kanaden.

TSE:8081 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8081 Share Price ÷ EPS (both in JPY)

= 1359 ÷ 130.82

10.39x

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

  • Kanaden is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • Kanaden is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Kanaden's expected growth come at a high price?
Raw Data
TSE:8081 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.39x
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 1.99x
Japan Market PEG Ratio Median Figure of 1,367 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Kanaden, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kanaden's assets?
Raw Data
TSE:8081 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,557.63
TSE:8081 Share Price * TSE (2019-12-11) in JPY ¥1359
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.71x
Japan Market PB Ratio Median Figure of 3,528 Publicly-Listed Companies 1.14x
TSE:8081 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8081 Share Price ÷ Book Value per Share (both in JPY)

= 1359 ÷ 1,557.63

0.87x

* Primary Listing of Kanaden.

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

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

Future Performance

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

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.2%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kanaden expected to grow at an attractive rate?
  • Unable to compare Kanaden's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kanaden's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Kanaden's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:8081 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 2%
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:8081 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:8081 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:8081 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 125,713 1,377 3,792
2019-06-30 124,412 3,033
2019-03-31 123,337 4,334 3,253
2018-12-31 124,563 2,934
2018-09-30 124,048 2,290 3,160
2018-06-30 121,528 3,140
2018-03-31 122,058 -3,307 3,193
2017-12-31 123,812 3,299
2017-09-30 120,254 -4,030 3,189
2017-06-30 122,823 3,067
2017-03-31 122,984 -2,428 2,943
2016-12-31 121,624 2,944

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kanaden is high growth as no earnings estimate data is available.
  • Unable to determine if Kanaden 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:8081 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

TSE:8081 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:8081 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 130.82
2019-06-30 103.59
2019-03-31 110.02
2018-12-31 98.66
2018-09-30 105.83
2018-06-30 104.73
2018-03-31 106.06
2017-12-31 109.44
2017-09-30 105.79
2017-06-30 101.74
2017-03-31 97.63
2016-12-31 97.66

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

Next steps:

  1. Check out Kanaden's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
  2. Kanaden'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 Kanaden'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.
Kanaden 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 Kanaden 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 Kanaden'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.
  • Kanaden's year on year earnings growth rate has been positive over the past 5 years.
  • Kanaden's 1-year earnings growth exceeds its 5-year average (20% vs 6%)
  • Kanaden's earnings growth has exceeded the JP Trade Distributors industry average in the past year (20% vs -1.5%).
Earnings and Revenue History
Kanaden'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 Kanaden Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8081 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 125,713.00 3,792.00 12,102.00
2019-06-30 124,412.00 3,033.00 11,804.00
2019-03-31 123,337.00 3,253.00 11,750.00
2018-12-31 124,563.00 2,934.00 12,062.00
2018-09-30 124,048.00 3,160.00 11,813.00
2018-06-30 121,528.00 3,140.00 11,916.00
2018-03-31 122,058.00 3,193.00 11,877.00
2017-12-31 123,812.00 3,299.00 11,576.00
2017-09-30 120,254.00 3,189.00 11,448.00
2017-06-30 122,823.00 3,067.00 11,301.00
2017-03-31 122,984.00 2,943.00 11,094.00
2016-12-31 121,624.00 2,944.00 10,768.00
2016-09-30 123,444.00 2,925.00 10,768.00
2016-06-30 122,686.00 2,912.00 10,826.00
2016-03-31 120,534.00 2,844.00 10,820.00
2015-12-31 120,942.00 2,875.00 11,068.00
2015-09-30 122,502.00 2,850.00 11,137.00
2015-06-30 121,895.00 2,731.00 11,135.00
2015-03-31 122,009.00 2,667.00 11,182.00
2014-12-31 122,658.00 2,327.00 11,240.00
2014-09-30 120,191.00 2,244.00 11,142.00
2014-06-30 123,533.00 2,224.00 11,162.00
2014-03-31 120,410.00 2,178.00 11,109.00
2013-12-31 115,500.00 2,364.00 10,801.00
2013-09-30 114,358.00 2,141.00 10,796.00
2013-06-30 107,485.00 1,973.00 10,733.00
2013-03-31 109,462.00 1,933.00 10,743.00
2012-12-31 111,141.00 1,694.00 10,819.00

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

Health

 How is Kanaden'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 Kanaden's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kanaden is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kanaden's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kanaden'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 not covered by short term assets, assets are -829.4x 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 Kanaden Company Filings, last reported 2 months ago.

TSE:8081 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 44,400.00 0.00 16,448.00
2019-06-30 42,630.00 0.00 15,096.00
2019-03-31 43,223.00 0.00 16,900.00
2018-12-31 42,913.00 0.00 14,035.00
2018-09-30 43,743.00 0.00 20,293.00
2018-06-30 42,538.00 0.00 18,359.00
2018-03-31 43,091.00 0.00 17,455.00
2017-12-31 42,891.00 0.00 19,489.00
2017-09-30 42,202.00 0.00 20,288.00
2017-06-30 41,011.00 0.00 20,703.00
2017-03-31 41,119.00 0.00 22,689.00
2016-12-31 39,515.00 0.00 21,810.00
2016-09-30 38,748.00 0.00 24,983.00
2016-06-30 37,900.00 0.00 23,360.00
2016-03-31 38,468.00 0.00 26,245.00
2015-12-31 37,812.00 0.00 21,759.00
2015-09-30 37,333.00 0.00 23,392.00
2015-06-30 37,185.00 0.00 23,205.00
2015-03-31 37,237.00 0.00 23,819.00
2014-12-31 38,720.00 0.00 26,483.00
2014-09-30 38,297.00 0.00 25,724.00
2014-06-30 37,381.00 0.00 24,543.00
2014-03-31 37,936.00 0.00 26,429.00
2013-12-31 37,344.00 0.00 24,683.00
2013-09-30 36,912.00 0.00 22,426.00
2013-06-30 35,969.00 0.00 21,139.00
2013-03-31 35,896.00 0.00 22,514.00
2012-12-31 34,036.00 0.00 22,255.00
  • Unable to establish if Kanaden's level of debt is high without past debt data.
  • Unable to establish if Kanaden's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Kanaden has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Kanaden'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. Kanaden has a total score of 3/6, 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 Kanaden'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
3.38%
Current annual income from Kanaden dividends.
If you bought ¥2,000 of Kanaden shares you are expected to receive ¥68 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?
  • Kanaden's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.33%).
  • Kanaden's dividend is above the markets top 25% of dividend payers in Japan (2.92%).
Upcoming dividend payment

Purchase Kanaden 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:8081 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 3.7%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2973 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 2.9%

Industry and Market average data is calculated daily.

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

TSE:8081 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:8081 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-05 46.000 3.434
2019-10-29 46.000 3.478
2019-06-19 46.000 3.532
2019-05-14 46.000 3.574
2018-06-20 39.000 3.159
2018-05-11 39.000 2.693
2018-01-30 30.000 2.152
2017-06-29 30.000 2.359
2017-05-12 30.000 2.653
2017-01-31 29.000 2.688
2016-10-27 29.000 2.797
2016-06-29 29.000 3.037
2016-05-13 29.000 3.330
2015-06-26 25.000 2.740
2015-05-14 25.000 2.564
2014-10-28 19.000 2.302
2014-06-27 19.000 2.507
2014-05-12 19.000 2.671
2014-02-12 17.000 2.423
2014-01-31 17.000 2.561
2013-10-29 17.000 2.465
2013-06-27 17.000 2.658
2013-05-14 17.000 2.819
2013-02-08 17.000 2.857
2012-11-09 17.000 3.267
2012-10-30 17.000 3.653
2012-07-31 17.000 3.476
2012-06-28 17.000 3.411
2012-05-14 17.000 3.445
2012-02-08 17.000 3.230
2012-01-31 17.000 3.426
2011-11-10 17.000 3.363
2011-10-31 17.000 3.407
2011-07-29 17.000 3.218
2011-06-29 17.000 3.073
2011-05-13 17.000 3.491
2011-02-10 17.000 3.348
2011-01-28 17.000 3.253
2010-11-12 17.000 3.415
2010-10-29 17.000 3.829
2010-06-29 17.000 3.719
2010-05-14 17.000 3.823
2010-02-12 17.000 3.568
2010-01-29 17.000 3.786
2009-11-13 17.000 3.594
2009-10-30 17.000 3.543
2009-06-26 17.000 3.231
2009-01-30 17.000 3.766

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 Kanaden'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 Kanaden'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 Kanaden afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kanaden has a total score of 5/6, 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 Kanaden'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
Nobuyuki Motohashi
AGE 62
CEO Bio

Mr. Nobuyuki Motohashi serves as the President of Kanaden Corporation. Mr. Motohashi has been General Manager of Factory Automation Division of Kanaden Corporation since June 2013. He joined Kanaden Corporation in April 1980 and served as its Deputy General Manager, Factory Automation (FA) Division since April 2010. He has been a Representative Director of Kanaden Corporation since June 2015.

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

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

2.5
Average Tenure
63
Average Age
  • The tenure for the Kanaden management team is about average.
Management Team

Nobuyuki Motohashi

TITLE
President
AGE
62

Yoshiyuki Umiyama

TITLE
Chief of Accounting & Finance Office and Executive Officer

Kazunori Shimamoto

TITLE
MD, GM of Compliance Office & Director
AGE
63
TENURE
2.5 yrs

Hironori Saigusa

TITLE
Chief of General Affairs & Personnel Office and Executive Officer

Akimitsu Umezaki

TITLE
General Manager of Facilities Operation Division and Director
AGE
65
TENURE
5.7 yrs

Yukio Tsunekawa

TITLE
General Manager of Kansai District Office and Director
AGE
63

Toshiyuki Tanno

TITLE
Executive Officer and Manager of Transportation Business Department

Yasuaki Norikane

TITLE
Operating Officer & GM of Internal Auditing Division
TENURE
2.5 yrs

Hisataka Mori

TITLE
General Manager of Management Strategy Office and Director

Kazuhiro Tsukada

TITLE
Executive Officer and Manager of SI Business Department
Board of Directors Tenure

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

5
Average Tenure
64
Average Age
  • The tenure for the Kanaden board of directors is about average.
Board of Directors

Nobuyuki Motohashi

TITLE
President
AGE
62
TENURE
4.5 yrs

Kazunori Shimamoto

TITLE
MD, GM of Compliance Office & Director
AGE
63
TENURE
10.5 yrs

Akimitsu Umezaki

TITLE
General Manager of Facilities Operation Division and Director
AGE
65
TENURE
5.5 yrs

Yukio Tsunekawa

TITLE
General Manager of Kansai District Office and Director
AGE
63
TENURE
5.5 yrs

Hisataka Mori

TITLE
General Manager of Management Strategy Office and Director

Takeshi Jin

TITLE
Outside Director
AGE
81
TENURE
4.5 yrs

Yoshiro Nagashima

TITLE
Outside Director

Shinsuke Saito

TITLE
Director
TENURE
2.5 yrs

Harushige Sakai

TITLE
Standing Corporate Auditor
TENURE
2.5 yrs

Yutaka Nomiyama

TITLE
Outside Corporate Auditor
AGE
65
TENURE
8.5 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 Kanaden'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. Kanaden 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

Kanaden Corporation operates as an electronics technology trading company in Japan and internationally. The company offers FA control components, including sequencers, inverters, AC servos, robots, and other control and drive systems; FA sensors; breakers, magnets, measuring instruments and transformers, and measuring devices; electrical discharge and laser processing machines; industrial measuring instruments and control devices; and wattmeters, waveform measuring instruments, and direct current power supplies. It also provides power generators, uninterrupted power supplies, lithium ion storage batteries, and other optimal systems; elevators and escalators; building management systems; photovoltaic generation systems; LED lighting products; air conditioning systems for stores, offices, factories, and warehouses; and refrigeration and cold storage equipment, and showcases. In addition, the company offers electrical drive and control components, braking and safety devices, and in-train information display and air conditioning systems for rolling stock; receiving substation and station power distribution facilities, train radio systems, and other information and communication equipment; wireless microphones, narrow-directivity speakers, photovoltaic generation systems, wind power generators, and LED lighting products for use in railway stations; LED traffic lights and road lighting fixtures; and photovoltaic generation systems and chargers for electric vehicles. Further, it provides power semiconductors and network ICs; interface connectors and TFT liquid crystal panel modules; security cameras, face authentication systems, and 360-degree cameras; projector and disaster prevention signage systems; and radiotherapy systems and other medical equipment. The company was formerly known as Kanagawa Electric Co., Ltd. and changed its name to Kanaden Corporation in October 1990. Kanaden Corporation was founded in 1907 and is based in Tokyo, Japan.

Details
Name: Kanaden Corporation
8081
Exchange: TSE
Founded: 1907
¥38,737,982,430
28,504,770
Website: http://www.kanaden.co.jp
Address: Kanaden Corporation
Triton square z,
1-8-12, Harumi,
Tokyo,
104-6215,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8081 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
815
Kanaden employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/11 15:04
End of day share price update: 2019/12/11 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/11/05
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.