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KanamotoLtd

TSE:9678
Snowflake Description

Flawless balance sheet with proven track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9678
TSE
¥122B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Kanamoto Co., Ltd. engages in the construction equipment rental business in Japan and internationally. The last earnings update was 86 days ago. More info.


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9678 Share Price and Events
7 Day Returns
0.6%
TSE:9678
0.7%
JP Trade Distributors
0.1%
JP Market
1 Year Returns
-5.3%
TSE:9678
3.1%
JP Trade Distributors
5.5%
JP Market
9678 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KanamotoLtd (9678) 0.6% 5.8% 18.4% -5.3% 22.2% -4.6%
JP Trade Distributors 0.7% 2.5% 10% 3.1% 22.9% 42.7%
JP Market 0.1% 0.8% 10.6% 5.5% 13.7% 25.4%
1 Year Return vs Industry and Market
  • 9678 underperformed the Trade Distributors industry which returned 3.1% over the past year.
  • 9678 underperformed the Market in Japan which returned 5.5% over the past year.
Price Volatility
9678
Industry
5yr Volatility vs Market
Related Companies

9678 Value

 Is KanamotoLtd 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 KanamotoLtd 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 KanamotoLtd.

TSE:9678 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
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:9678
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.936 (1 + (1- 30.86%) (27.25%))
1.076
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.076 * 6.33%)
6.72%

Discounted Cash Flow Calculation for TSE:9678 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for KanamotoLtd is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSE:9678 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.72%)
2020 32,708.33 Analyst x3 30,649.31
2021 33,853.00 Analyst x2 29,724.99
2022 34,700.00 Analyst x1 28,550.67
2023 35,243.17 Est @ 1.57% 27,172.15
2024 35,619.82 Est @ 1.07% 25,733.75
2025 35,876.68 Est @ 0.72% 24,287.67
2026 36,048.09 Est @ 0.48% 22,867.47
2027 36,158.92 Est @ 0.31% 21,493.82
2028 36,226.97 Est @ 0.19% 20,178.67
2029 36,264.92 Est @ 0.1% 18,928.20
Present value of next 10 years cash flows ¥249,586.00
TSE:9678 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥36,264.92 × (1 + -0.09%) ÷ (6.72% – -0.09%)
¥532,200.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥532,200.55 ÷ (1 + 6.72%)10
¥277,778.13
TSE:9678 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥249,586.00 + ¥277,778.13
¥527,364.13
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥527,364.13 / 38.74
¥13613.27
TSE:9678 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥13,613.27
Current discount Discount to share price of ¥3,140.00
= -1 x (¥3,140.00 - ¥13,613.27) / ¥13,613.27
76.9%

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

Current Discount
Amount off the current price KanamotoLtd is available for.
Intrinsic value
>50%
Share price is ¥3140 vs Future cash flow value of ¥13613.27
Current Discount Checks
For KanamotoLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • KanamotoLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • KanamotoLtd's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 KanamotoLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KanamotoLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9678 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-07-31) in JPY ¥321.01
TSE:9678 Share Price ** TSE (2019-12-04) in JPY ¥3140
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.69x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.46x

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

** Primary Listing of KanamotoLtd.

TSE:9678 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9678 Share Price ÷ EPS (both in JPY)

= 3140 ÷ 321.01

9.78x

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

  • KanamotoLtd is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • KanamotoLtd is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does KanamotoLtd's expected growth come at a high price?
Raw Data
TSE:9678 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.78x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
4.8%per year
Japan Trade Distributors Industry PEG Ratio Median Figure of 22 Publicly-Listed Trade Distributors Companies 1.96x
Japan Market PEG Ratio Median Figure of 1,368 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

TSE:9678 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.78x ÷ 4.8%

2.06x

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

  • KanamotoLtd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on KanamotoLtd's assets?
Raw Data
TSE:9678 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-07-31) in JPY ¥2,905.60
TSE:9678 Share Price * TSE (2019-12-04) in JPY ¥3140
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.71x
Japan Market PB Ratio Median Figure of 3,527 Publicly-Listed Companies 1.12x
TSE:9678 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9678 Share Price ÷ Book Value per Share (both in JPY)

= 3140 ÷ 2,905.60

1.08x

* Primary Listing of KanamotoLtd.

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

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

9678 Future Performance

 How is KanamotoLtd expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
4.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KanamotoLtd expected to grow at an attractive rate?
  • KanamotoLtd's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • KanamotoLtd's earnings growth is positive but not above the Japan market average.
  • KanamotoLtd's revenue growth is expected to exceed the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:9678 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:9678 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 4.8%
TSE:9678 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.8%
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
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:9678 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9678 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-10-31 213,700 47,900 13,800 1
2021-10-31 194,141 41,653 13,319 4
2020-10-31 186,690 38,941 12,750 5
2019-12-07
2019-10-31 179,297 37,432 11,997 5
TSE:9678 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-07-31 176,936 12,152
2019-04-30 174,695 38,233 12,377
2019-01-31 170,050 10,917
2018-10-31 168,188 35,421 11,857
2018-07-31 166,600 11,149
2018-04-30 164,567 36,390 11,011
2018-01-31 161,755 11,038
2017-10-31 158,428 37,788 10,744
2017-07-31 158,351 10,059
2017-04-30 155,438 34,066 9,599
2017-01-31 148,728 8,693
2016-10-31 144,870 26,618 8,098

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KanamotoLtd's earnings are expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
  • KanamotoLtd's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
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:9678 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from KanamotoLtd Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9678 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-10-31
2021-10-31 343.08 401.40 299.44 4.00
2020-10-31 328.55 356.70 312.70 5.00
2019-12-07
2019-10-31 314.03 324.10 294.60 5.00
TSE:9678 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-07-31 321.01
2019-04-30 334.46
2019-01-31 301.94
2018-10-31 335.52
2018-07-31 315.49
2018-04-30 311.58
2018-01-31 312.35
2017-10-31 304.03
2017-07-31 284.64
2017-04-30 271.63
2017-01-31 245.99
2016-10-31 229.15

*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.
  • KanamotoLtd is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KanamotoLtd'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.
KanamotoLtd has a total score of 2/6, 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.

9678 Past Performance

  How has KanamotoLtd 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 KanamotoLtd'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.
  • KanamotoLtd's year on year earnings growth rate has been positive over the past 5 years.
  • KanamotoLtd's 1-year earnings growth exceeds its 5-year average (9% vs 6.7%)
  • KanamotoLtd's earnings growth has exceeded the JP Trade Distributors industry average in the past year (9% vs -1.7%).
Earnings and Revenue History
KanamotoLtd'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 KanamotoLtd Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9678 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-07-31 176,936.00 12,152.00 32,594.00
2019-04-30 174,695.00 12,377.00 32,227.00
2019-01-31 170,050.00 10,917.00 31,819.00
2018-10-31 168,188.00 11,857.00 31,291.00
2018-07-31 166,600.00 11,149.00 31,233.00
2018-04-30 164,567.00 11,011.00 30,825.00
2018-01-31 161,755.00 11,038.00 30,476.00
2017-10-31 158,428.00 10,744.00 30,021.00
2017-07-31 158,351.00 10,059.00 30,244.00
2017-04-30 155,438.00 9,599.00 29,677.00
2017-01-31 148,728.00 8,693.00 28,228.00
2016-10-31 144,870.00 8,098.00 26,827.00
2016-07-31 137,758.00 7,947.00 25,845.00
2016-04-30 133,627.00 7,996.00 24,815.00
2016-01-31 132,044.00 8,028.00 24,332.00
2015-10-31 133,292.00 9,557.00 24,074.00
2015-07-31 131,854.00 9,604.00 23,859.00
2015-04-30 129,650.00 10,176.00 23,203.00
2015-01-31 128,734.00 10,015.00 22,986.00
2014-10-31 125,555.00 9,299.00 22,729.00
2014-07-31 123,200.00 8,297.00 22,598.00
2014-04-30 120,310.00 7,744.00 22,376.00
2014-01-31 115,292.00 7,004.00 22,108.00
2013-10-31 110,831.00 5,809.00 21,908.00
2013-07-31 107,677.00 5,556.00 21,318.00
2013-04-30 100,827.00 5,515.00 20,244.00
2013-01-31 93,878.00 4,561.00 19,245.00

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

9678 Health

 How is KanamotoLtd'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 KanamotoLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KanamotoLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • KanamotoLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of KanamotoLtd'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 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from KanamotoLtd Company Filings, last reported 4 months ago.

TSE:9678 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-07-31 118,679.00 30,491.00 43,958.00
2019-04-30 118,593.00 31,582.00 51,223.00
2019-01-31 113,446.00 35,159.00 44,464.00
2018-10-31 102,030.00 37,058.00 36,993.00
2018-07-31 98,521.00 38,385.00 36,196.00
2018-04-30 97,700.00 37,484.00 40,323.00
2018-01-31 94,226.00 41,518.00 36,675.00
2017-10-31 91,788.00 36,869.00 35,420.00
2017-07-31 88,358.00 39,751.00 34,655.00
2017-04-30 87,403.00 39,442.00 40,554.00
2017-01-31 84,012.00 41,988.00 34,346.00
2016-10-31 81,433.00 41,829.00 33,409.00
2016-07-31 78,547.00 42,311.00 34,497.00
2016-04-30 78,311.00 40,611.00 36,809.00
2016-01-31 73,576.00 33,455.00 36,162.00
2015-10-31 71,997.00 32,891.00 36,250.00
2015-07-31 72,399.00 33,088.00 32,050.00
2015-04-30 72,061.00 33,296.00 35,712.00
2015-01-31 69,328.00 35,961.00 34,437.00
2014-10-31 65,512.00 34,193.00 32,000.00
2014-07-31 63,341.00 34,607.00 30,999.00
2014-04-30 62,118.00 33,915.00 34,032.00
2014-01-31 59,537.00 36,260.00 31,214.00
2013-10-31 56,192.00 39,058.00 32,977.00
2013-07-31 47,010.00 41,745.00 25,100.00
2013-04-30 46,375.00 41,647.00 26,065.00
2013-01-31 43,933.00 41,091.00 20,995.00
  • KanamotoLtd's level of debt (25.7%) 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 (54.6% vs 25.7% today).
  • Debt is well covered by operating cash flow (125.4%, greater than 20% of total debt).
  • KanamotoLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess KanamotoLtd'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. KanamotoLtd 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.

9678 Dividends

 What is KanamotoLtd'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
2.07%
Current annual income from KanamotoLtd dividends. Estimated to be 2.37% next year.
If you bought ¥2,000 of KanamotoLtd shares you are expected to receive ¥41 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?
  • KanamotoLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • KanamotoLtd's dividend is below the markets top 25% of dividend payers in Japan (2.98%).
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:9678 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 5 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 2972 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

TSE:9678 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-10-31 76.00 1.00
2021-10-31 78.25 4.00
2020-10-31 71.00 5.00
2019-12-07
2019-10-31 66.00 5.00
TSE:9678 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-09-06 65.000 2.268
2019-06-14 65.000 2.377
2019-01-29 65.000 2.413
2018-12-07 65.000 2.170
2018-09-14 55.000 1.466
2018-09-12 55.000 1.381
2018-06-08 55.000 1.569
2017-12-08 55.000 1.558
2017-09-13 50.000 1.364
2017-06-09 50.000 1.310
2017-01-26 50.000 1.669
2016-12-09 50.000 1.631
2016-01-28 45.000 1.882
2015-12-09 45.000 1.597
2015-09-11 30.000 1.200
2015-09-04 30.000 1.175
2015-06-11 30.000 0.966
2015-06-05 30.000 0.889
2015-01-29 30.000 0.890
2014-12-10 30.000 0.943
2014-09-11 20.000 0.517
2014-09-05 20.000 0.465
2014-06-12 20.000 0.467
2014-06-06 20.000 0.523
2014-03-07 20.000 0.603
2014-01-29 20.000 0.739
2013-12-11 20.000 0.754
2013-09-12 20.000 0.763
2013-09-06 20.000 0.774
2013-06-13 20.000 0.927
2013-06-07 20.000 0.953
2013-01-11 20.000 1.114
2012-09-13 20.000 1.992
2012-09-07 20.000 2.457
2012-06-13 20.000 2.292
2012-06-08 20.000 2.530
2012-03-09 20.000 2.297
2012-01-27 20.000 2.434
2011-12-07 20.000 3.287
2011-09-13 20.000 3.883
2011-09-02 20.000 3.911
2011-06-13 20.000 3.604
2011-06-08 20.000 3.832
2011-03-04 20.000 3.541
2011-01-27 20.000 4.544
2010-09-13 20.000 4.639
2010-09-03 20.000 4.565
2010-06-11 20.000 4.709
2010-06-04 20.000 4.994
2010-03-05 20.000 4.627
2010-01-28 20.000 4.916
2009-12-04 20.000 5.025
2009-09-11 20.000 5.314
2009-09-04 20.000 4.837
2009-06-11 20.000 4.209
2009-03-12 20.000 5.359

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 KanamotoLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x 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 KanamotoLtd'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 KanamotoLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KanamotoLtd 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.

9678 Management

 What is the CEO of KanamotoLtd'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
Tetsuo Kanamoto
TENURE AS CEO 3.1 years
CEO Bio

Mr. Tetsuo Kanamoto has been the Chief Executive Officer and President of Kanamoto Company Ltd. since November 3, 2016 and serves as its Executive Division Manager of Business Coordination Headquarters AND Corporate Officer. Mr. Kanamoto served as Senior Vice President at Kanamoto Company Ltd. until November 3, 2016 and served as its Executive Corporate Officer. Mr. Kanamoto served as Manager of Business Coordination Headquarters, Division Manager of Construction Equipment Rental Division of Kanamoto Company Ltd and also serves as its Director.

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

Average tenure of the KanamotoLtd management team in years:

3.1
Average Tenure
  • The tenure for the KanamotoLtd management team is about average.
Management Team

Tetsuo Kanamoto

TITLE
CEO, President
TENURE
3.1 yrs

Hiroyuki Isono

TITLE
Division Manager of Accounting Division
TENURE
3.1 yrs

Kazunori Hashiguchi

TITLE
Division Manager of Human Resources Division
TENURE
1.9 yrs

Manabu Nagasaki

TITLE
Corporate Officer & Director

Masakazu Hirata

TITLE
Corporate Officer
TENURE
2.8 yrs

Yuichi Asano

TITLE
Corporate Officer

Satoru Toiya

TITLE
Corporate Officer & division Manager of Construction Equipment Rental Division

Hiroshi Kumagai

TITLE
Corporate Officer and Manager of Information System Division

Tatsuo Kanamoto

TITLE
Corporate Officer
TENURE
3.7 yrs

Ken Kitagawa

TITLE
Corporate Officer & Deputy Division Manager of Overseas Business Division
Board of Directors

Kanchu Kanamoto

TITLE
Chairman
TENURE
3.1 yrs

Tetsuo Kanamoto

TITLE
CEO, President

Taichu Kanamoto

TITLE
Honorary Chairman

Hiroyuki Isono

TITLE
Division Manager of Accounting Division

Kazunori Hashiguchi

TITLE
Division Manager of Human Resources Division

Manabu Nagasaki

TITLE
Corporate Officer & Director

Masakazu Hirata

TITLE
Corporate Officer

Yuichi Asano

TITLE
Corporate Officer

Tatsuo Kanamoto

TITLE
Corporate Officer

Hitoshi Narita

TITLE
Corporate Officer
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 KanamotoLtd'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. KanamotoLtd 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.

9678 News

Simply Wall St News

9678 Company Info

Description

Kanamoto Co., Ltd. engages in the construction equipment rental business in Japan and internationally. The company’s products include various hand tools and construction equipment, including dump trucks, hydraulic excavators, temporary housing materials and structures, and electrical generators, as well as used equipment. It also supplies general steel products, including steel bar and H-beams, sheet piles, and single tube pipes; and handles contracts for various specialized works, including the construction of autoclave lightweight concrete exterior walls or insulation construction works, as well as the sale and installation of KT roof system insulated waterproof roofing. In addition, the company rents and sells road construction equipment; furniture, fixtures, and safety products; welfare nursing care devices; shield tunneling method related peripheral equipment; specialized engineering works equipment; and nursing care products. Further, it offers nursing care, and consulting services, as well as various network solutions; produces and executes image graphics; undertakes road works construction; and rents hardware. Kanamoto Co.,Ltd. was founded in 1964 and is headquartered in Sapporo, Japan.

Details
Name: Kanamoto Co.,Ltd.
9678
Exchange: TSE
Founded: 1964
¥121,640,403,480
38,738,982
Website: http://www.kanamoto.co.jp
Address: Kanamoto Co.,Ltd.
1-19, Odori Higashi 3-chome,
Chuo-ku,
Sapporo,
Hokkaido, 060-0041,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9678 Common Stock The Tokyo Stock Exchange JP JPY 07. Jul 1992
Number of employees
Current staff
Staff numbers
3,135
KanamotoLtd employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/07 15:03
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/09/09
Last earnings filing: 2019/09/12
Last earnings reported: 2019/07/31
Last annual earnings reported: 2018/10/31


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.