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Mitani Sangyo

TSE:8285
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8285
TSE
¥21B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Mitani Sangyo Co., Ltd. engages in chemicals, information systems, air conditioning systems, energy, resin, electronics, and housing equipment businesses in Japan and internationally. The last earnings update was 35 days ago. More info.


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8285 Share Price and Events
7 Day Returns
-0.6%
TSE:8285
0.5%
JP Trade Distributors
0.1%
JP Market
1 Year Returns
18.1%
TSE:8285
5.7%
JP Trade Distributors
8.3%
JP Market
8285 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Mitani Sangyo (8285) -0.6% 2.7% 16.8% 18.1% -2.3% -9.3%
JP Trade Distributors 0.5% 2.1% 8.4% 5.7% 25.1% 47.3%
JP Market 0.1% 1.1% 10% 8.3% 14% 28%
1 Year Return vs Industry and Market
  • 8285 outperformed the Trade Distributors industry which returned 5.7% over the past year.
  • 8285 outperformed the Market in Japan which returned 8.3% over the past year.
Price Volatility
8285
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Mitani Sangyo 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 Sangyo 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 Sangyo.

TSE:8285 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in JPY ¥ 9.000000
Payout Ratio Company Filings (2019-09-30) 2143.2%
Discount Rate (Cost of Equity) See below 7.6%
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:8285
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%) (56.34%))
1.211
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.211 * 6.33%)
7.58%

Discounted Cash Flow Calculation for TSE:8285 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Mitani Sangyo 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:8285 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥9 / (7.58% - -0.09%)
¥117.36
TSE:8285 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥117.36
Current discount Discount to share price of ¥340.00
= -1 x (¥340.00 - ¥117.36) / ¥117.36
-189.7%

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

  • The current share price of Mitani Sangyo 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 Sangyo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Mitani Sangyo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:8285 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥37.45
TSE:8285 Share Price ** TSE (2019-12-10) in JPY ¥340
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.75x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.6x

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

** Primary Listing of Mitani Sangyo.

TSE:8285 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8285 Share Price ÷ EPS (both in JPY)

= 340 ÷ 37.45

9.08x

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

  • Mitani Sangyo is good value based on earnings compared to the JP Trade Distributors industry average.
  • Mitani Sangyo is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Mitani Sangyo's expected growth come at a high price?
Raw Data
TSE:8285 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.08x
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 Mitani Sangyo, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Mitani Sangyo's assets?
Raw Data
TSE:8285 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥554.28
TSE:8285 Share Price * TSE (2019-12-10) in JPY ¥340
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.72x
Japan Market PB Ratio Median Figure of 3,527 Publicly-Listed Companies 1.13x
TSE:8285 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8285 Share Price ÷ Book Value per Share (both in JPY)

= 340 ÷ 554.28

0.61x

* Primary Listing of Mitani Sangyo.

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

  • Mitani Sangyo is good value based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess Mitani Sangyo'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 Sangyo 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 Mitani Sangyo 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 Sangyo 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
3.3%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Mitani Sangyo expected to grow at an attractive rate?
  • Unable to compare Mitani Sangyo's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Mitani Sangyo's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Mitani Sangyo's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:8285 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.3%
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:8285 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:8285 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:8285 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 82,973 3,086 2,303
2019-06-30 83,413 1,943
2019-03-31 85,732 4,153 2,006
2018-12-31 82,511 1,738
2018-09-30 83,391 3,467 1,996
2018-06-30 81,887 2,158
2018-03-31 80,819 1,636 2,123
2017-12-31 79,015 2,168
2017-09-30 74,588 1,172 2,156
2017-06-30 70,438 2,199
2017-03-31 66,869 4,298 2,010
2016-12-31 69,637 1,925

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Mitani Sangyo is high growth as no earnings estimate data is available.
  • Unable to determine if Mitani Sangyo 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:8285 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 Mitani Sangyo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8285 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:8285 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 37.45
2019-06-30 31.66
2019-03-31 33.18
2018-12-31 29.29
2018-09-30 34.27
2018-06-30 37.71
2018-03-31 37.26
2017-12-31 38.17
2017-09-30 38.12
2017-06-30 39.06
2017-03-31 35.86
2016-12-31 34.39

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

Next steps:

  1. Examine whether Mitani Sangyo is trading at Mitani Sangyo'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. Mitani Sangyo'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 Sangyo'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 Sangyo 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 Mitani Sangyo 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 Sangyo'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 Sangyo's year on year earnings growth rate has been positive over the past 5 years.
  • Mitani Sangyo's 1-year earnings growth exceeds its 5-year average (15.4% vs 9.2%)
  • Mitani Sangyo's earnings growth has exceeded the JP Trade Distributors industry average in the past year (15.4% vs -1.7%).
Earnings and Revenue History
Mitani Sangyo'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 Sangyo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8285 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 82,973.00 2,303.00 11,569.00
2019-06-30 83,413.00 1,943.00 11,436.00
2019-03-31 85,732.00 2,006.00 11,370.00
2018-12-31 82,511.00 1,738.00 11,089.00
2018-09-30 83,391.00 1,996.00 10,947.00
2018-06-30 81,887.00 2,158.00 10,799.00
2018-03-31 80,819.00 2,123.00 10,679.00
2017-12-31 79,015.00 2,168.00 10,476.00
2017-09-30 74,588.00 2,156.00 10,305.00
2017-06-30 70,438.00 2,199.00 10,040.00
2017-03-31 66,869.00 2,010.00 9,854.00
2016-12-31 69,637.00 1,925.00 9,687.00
2016-09-30 67,701.00 1,581.00 9,488.00
2016-06-30 67,909.00 1,356.00 9,468.00
2016-03-31 67,735.00 1,353.00 9,373.00
2015-12-31 64,908.00 1,486.00 9,465.00
2015-09-30 66,066.00 1,651.00 9,626.00
2015-06-30 67,093.00 1,775.00 9,695.00
2015-03-31 67,412.00 1,635.00 9,767.00
2014-12-31 68,634.00 1,330.00 9,604.00
2014-09-30 68,780.00 1,150.00 9,361.00
2014-06-30 68,311.00 1,005.00 9,062.00
2014-03-31 68,029.00 1,030.00 8,825.00
2013-12-31 66,202.00 900.00 8,841.00
2013-09-30 64,434.00 658.00 8,664.00
2013-06-30 63,637.00 487.00 8,513.00
2013-03-31 63,494.00 123.00 8,463.00
2012-12-31 64,017.00 40.00 8,107.00

*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 Sangyo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Mitani Sangyo used its assets more efficiently than the JP Trade Distributors industry average last year based on Return on Assets.
  • Mitani Sangyo has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Mitani Sangyo'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 Sangyo has a total score of 5/6, 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 Mitani Sangyo'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 Sangyo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Mitani Sangyo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Mitani Sangyo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Mitani Sangyo's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3x 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 Sangyo Company Filings, last reported 2 months ago.

TSE:8285 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 35,908.00 11,794.00 5,389.00
2019-06-30 34,545.00 11,709.00 5,393.00
2019-03-31 35,816.00 14,167.00 6,051.00
2018-12-31 35,252.00 14,736.00 6,027.00
2018-09-30 36,716.00 13,697.00 6,121.00
2018-06-30 35,173.00 14,948.00 6,849.00
2018-03-31 33,246.00 16,191.00 6,441.00
2017-12-31 32,723.00 14,927.00 5,943.00
2017-09-30 31,658.00 13,461.00 6,214.00
2017-06-30 30,736.00 12,089.00 5,369.00
2017-03-31 29,089.00 10,559.00 5,541.00
2016-12-31 27,473.00 12,179.00 6,409.00
2016-09-30 26,068.00 10,024.00 5,260.00
2016-06-30 25,123.00 11,408.00 4,905.00
2016-03-31 25,950.00 12,725.00 5,699.00
2015-12-31 25,623.00 13,316.00 5,752.00
2015-09-30 25,144.00 11,300.00 4,807.00
2015-06-30 25,306.00 12,206.00 3,807.00
2015-03-31 25,426.00 12,606.00 4,194.00
2014-12-31 23,782.00 13,640.00 4,180.00
2014-09-30 23,072.00 12,747.00 4,385.00
2014-06-30 22,349.00 12,341.00 3,665.00
2014-03-31 22,651.00 14,187.00 4,285.00
2013-12-31 22,311.00 13,870.00 4,468.00
2013-09-30 21,761.00 11,250.00 4,074.00
2013-06-30 20,836.00 11,171.00 4,178.00
2013-03-31 21,158.00 10,860.00 4,448.00
2012-12-31 19,731.00 10,380.00 3,707.00
  • Mitani Sangyo's level of debt (30.8%) 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 (51.5% vs 30.8% today).
  • Debt is well covered by operating cash flow (27.9%, greater than 20% of total debt).
  • Mitani Sangyo earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Mitani Sangyo'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 Sangyo 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.

Dividends

 What is Mitani Sangyo'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
2.65%
Current annual income from Mitani Sangyo dividends.
If you bought ¥2,000 of Mitani Sangyo shares you are expected to receive ¥53 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 Sangyo's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.33%).
  • Mitani Sangyo's dividend is below the markets top 25% of dividend payers in Japan (2.93%).
Upcoming dividend payment

Purchase Mitani Sangyo 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:8285 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 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:8285 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:8285 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-05 9.000 2.649
2019-10-25 9.000 2.720
2019-07-26 8.500 2.963
2019-06-18 9.000 3.201
2019-04-26 9.000 3.177
2019-02-04 8.000 2.791
2018-11-05 8.000 2.740
2018-10-26 8.000 2.509
2018-06-18 8.000 2.370
2018-04-27 8.000 2.025
2018-02-05 8.000 1.825
2018-01-26 8.000 1.691
2017-11-06 8.000 1.825
2017-10-25 8.000 1.863
2017-06-16 7.000 1.691
2017-04-28 7.000 1.776
2017-02-03 6.000 1.585
2017-01-25 6.000 1.578
2016-11-04 6.000 1.739
2016-10-25 6.000 1.793
2016-06-16 6.000 1.883
2016-04-28 6.000 1.757
2016-02-05 6.000 1.807
2016-01-25 6.000 1.791
2015-11-06 6.000 1.629
2015-10-26 6.000 1.553
2015-06-18 6.000 1.392
2015-05-08 6.000 1.175
2015-02-06 6.000 1.164
2015-01-27 6.000 1.305
2014-11-07 6.000 1.629
2014-10-24 6.000 2.331
2014-10-15 6.000 2.405

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

  • Whilst dividend payments have been stable, Mitani Sangyo has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Mitani Sangyo only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Mitani Sangyo'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 Mitani Sangyo'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 Sangyo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Mitani Sangyo has a total score of 2/6, 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 Mitani Sangyo'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
Tadateru Mitani
AGE 35
TENURE AS CEO 0.5 years
CEO Bio

Mr. Tadateru Mitani has been President and Chief Executive Officer of Mitani Sangyo Co., Ltd., since June 2019 and has been its Quality Control Officer, Organizational Strategy Officer since 2019. Mr. Mitani served as the Managing Director and General Manager of Personnel Division of Mitani Sangyo Co. Ltd. since October 2012 and April 2015 respectively until June 2019. Mr. Mitani has been Director of Mitani Sangyo Co., Ltd. since June 2010. Mr. Mitani joined DEFTA Corp. on May 2008 as Analyst. He graduated from Keio University in March 2008.

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

Average tenure and age of the Mitani Sangyo management team in years:

0.9
Average Tenure
59.5
Average Age
  • The average tenure for the Mitani Sangyo management team is less than 2 years, this suggests a new team.
Management Team

Tadateru Mitani

TITLE
President
AGE
35
TENURE
0.5 yrs

Tadahiro Kajitani

TITLE
Company Information System Officer
AGE
63
TENURE
0.9 yrs

Masayuki Ado

TITLE
Senior MD
AGE
59
TENURE
0.9 yrs

Seiji Nishino

TITLE
Senior MD & Director
AGE
60
TENURE
12.7 yrs

Koichi Mori

TITLE
MD, Buss. Strategy Officer
AGE
59
TENURE
7.5 yrs

Noboru Takeuchi

TITLE
Organizational Structure Officer & Director
TENURE
0.9 yrs

Shigeru Sawa

TITLE
Director
AGE
69
TENURE
10.5 yrs

Toyoaki Uchiyama

TITLE
Executive Officer and Manager of M&E Business Department

Tadayuki Matsushima

TITLE
Technical Executive Officer and Overall Manager of Customer Business - Information System Department

Akira Yamada

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

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

9.5
Average Tenure
63
Average Age
  • The tenure for the Mitani Sangyo board of directors is about average.
Board of Directors

Mitsuru Mitani

TITLE
Executive Chairman
AGE
65
TENURE
12.5 yrs

Tadateru Mitani

TITLE
President
AGE
35
TENURE
9.5 yrs

Tatsuya Aiba

TITLE
Vice Chairman of the Board
AGE
63

Tadahiro Kajitani

TITLE
Company Information System Officer
AGE
63
TENURE
6.5 yrs

Masayuki Ado

TITLE
Senior MD
AGE
59
TENURE
12.5 yrs

Seiji Nishino

TITLE
Senior MD & Director
AGE
60

Koichi Mori

TITLE
MD, Buss. Strategy Officer
AGE
59
TENURE
7.5 yrs

Noboru Takeuchi

TITLE
Organizational Structure Officer & Director
TENURE
0.5 yrs

Shigeru Sawa

TITLE
Director
AGE
69
TENURE
9.5 yrs

Katsuhide Hoshiba

TITLE
Director
AGE
64
TENURE
15.5 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 Mitani Sangyo'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 Sangyo 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

Mitani Sangyo Co., Ltd. engages in chemicals, information systems, air conditioning systems, energy, resin, electronics, and housing equipment businesses in Japan and internationally. The company offers inorganic chemicals comprising soda chemicals, ammonia and acid products, wastewater treatment chemicals, etc.; organic chemicals, including alcohols, aromatic hydrocarbons, ester, ketones, etc.; pharmaceutical intermediates and active pharmaceutical ingredients; functional materials, such as health food materials, electronic materials, food additives, catalysts, etc.; pesticide intermediates, fine chemicals, chemical products, etc.; and reuse and recycle of waste, by-products, etc. It also provides system integration services; package software; hardware maintenance; and data center services, as well as constructs information infrastructures. In addition, the company is involved in the construction of air conditioning, sanitary plumbing, and special facilities construction, as well as other special technical construction; and renovation activities. Further, it offers petroleum products, such as heavy oil, diesel, gasoline, and reclaimed oil, etc.; LPG gas, fuel cells, and solar power generator systems. Additionally, the company provides plastic moldings, which include automotive parts, precision parts, special moldings, assembled substrates, electronic parts, dies, and composite unit products; and kitchen units, house furniture, and air conditioning equipment. It also offers research and analysis services for the computer industry; maintenance and management services for condominiums, buildings, and parking lot; and temporary staffing, card printing, and travel agency services; and concrete, pottery and porcelain products, and electronic ceramics, as well as sells mobile communication equipment and supplies. Mitani Sangyo Co., Ltd. was founded in 1928 and is headquartered in Kanazawa, Japan.

Details
Name: Mitani Sangyo Co., Ltd.
8285
Exchange: TSE
Founded: 1928
¥20,934,397,720
61,571,758
Website: http://www.mitani.co.jp
Address: Mitani Sangyo Co., Ltd.
1-5 Tamagawa-cho,
Kanazawa,
Ishikawa, 920-8685,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8285 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,151
Mitani Sangyo employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 15:48
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/04/26
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.