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JK Holdings

TSE:9896
Snowflake Description

Second-rate dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9896
TSE
¥23B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

JK Holdings Co., Ltd., through its subsidiaries, engages in the wholesale, plywood manufacturing and wood processing, franchise, home construction, and other businesses in Japan. The last earnings update was 72 days ago. More info.


Add to Portfolio Compare Print
  • JK Holdings has significant price volatility in the past 3 months.
9896 Share Price and Events
7 Day Returns
7.5%
TSE:9896
1.4%
JP Trade Distributors
0.4%
JP Market
1 Year Returns
37.4%
TSE:9896
7.1%
JP Trade Distributors
12.2%
JP Market
9896 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JK Holdings (9896) 7.5% 16.8% 38.2% 37.4% 28.5% 38.7%
JP Trade Distributors 1.4% 0.5% 6% 7.1% 23.8% 49.3%
JP Market 0.4% 0.6% 5.3% 12.2% 13.9% 26.2%
1 Year Return vs Industry and Market
  • 9896 outperformed the Trade Distributors industry which returned 7.1% over the past year.
  • 9896 outperformed the Market in Japan which returned 12.2% over the past year.
Price Volatility
9896
Industry
5yr Volatility vs Market
Related Companies

9896 Value

 Is JK Holdings 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 JK Holdings 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 JK Holdings.

TSE:9896 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in JPY ¥ 20.000000
Payout Ratio Company Filings (2019-09-30) 1817.9%
Discount Rate (Cost of Equity) See below 11.5%
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:9896
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))
= 0.946 (1 + (1- 30.86%) (197.16%))
1.827
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.827 * 6.33%)
11.48%

Discounted Cash Flow Calculation for TSE:9896 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for JK Holdings 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:9896 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥20 / (11.48% - -0.09%)
¥172.9
TSE:9896 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥172.90
Current discount Discount to share price of ¥771.00
= -1 x (¥771.00 - ¥172.90) / ¥172.90
-345.9%

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

  • The current share price of JK Holdings 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 JK Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JK Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9896 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥67.13
TSE:9896 Share Price ** TSE (2020-01-23) in JPY ¥771
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 10.21x
Japan Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 16.02x

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

** Primary Listing of JK Holdings.

TSE:9896 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9896 Share Price ÷ EPS (both in JPY)

= 771 ÷ 67.13

11.49x

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

  • JK Holdings is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • JK Holdings is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does JK Holdings's expected growth come at a high price?
Raw Data
TSE:9896 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Trade Distributors Industry PEG Ratio Median Figure of 21 Publicly-Listed Trade Distributors Companies 2.25x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.89x

*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 JK Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on JK Holdings's assets?
Raw Data
TSE:9896 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,306.95
TSE:9896 Share Price * TSE (2020-01-23) in JPY ¥771
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.75x
Japan Market PB Ratio Median Figure of 3,547 Publicly-Listed Companies 1.16x
TSE:9896 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9896 Share Price ÷ Book Value per Share (both in JPY)

= 771 ÷ 1,306.95

0.59x

* Primary Listing of JK Holdings.

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

  • JK Holdings is good value based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess JK Holdings'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. JK Holdings has a total score of 2/6, 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.

9896 Future Performance

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

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.1%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JK Holdings expected to grow at an attractive rate?
  • Unable to compare JK Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare JK Holdings's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare JK Holdings's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:9896 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.1%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 1.8%
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:9896 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9896 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:9896 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 371,051 4,318 2,072
2019-06-30 362,589 1,794
2019-03-31 358,935 5,307 2,121
2018-12-31 354,288 2,181
2018-09-30 349,450 2,963 2,547
2018-06-30 348,796 2,862
2018-03-31 346,137 11,967 2,877
2017-12-31 345,177 3,165
2017-09-30 343,426 14,677 3,134
2017-06-30 341,495 2,908
2017-03-31 339,918 9,188 2,790
2016-12-31 338,097 2,929

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if JK Holdings is high growth as no earnings estimate data is available.
  • Unable to determine if JK Holdings 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:9896 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

TSE:9896 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:9896 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 67.13
2019-06-30 58.13
2019-03-31 68.75
2018-12-31 70.76
2018-09-30 82.71
2018-06-30 92.95
2018-03-31 93.44
2017-12-31 102.78
2017-09-30 101.78
2017-06-30 93.95
2017-03-31 89.65
2016-12-31 93.62

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

Next steps:

  1. JK Holdings'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
  2. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess JK Holdings'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.
JK Holdings 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.

9896 Past Performance

  How has JK Holdings 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 JK Holdings'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.
  • JK Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • JK Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • JK Holdings's 1-year earnings growth is negative, it can't be compared to the JP Trade Distributors industry average.
Earnings and Revenue History
JK Holdings'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 JK Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9896 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 371,051.00 2,072.00 31,483.00
2019-06-30 362,589.00 1,794.00 31,182.00
2019-03-31 358,935.00 2,121.00 30,652.00
2018-12-31 354,288.00 2,181.00 30,226.00
2018-09-30 349,450.00 2,547.00 29,886.00
2018-06-30 348,796.00 2,862.00 29,583.00
2018-03-31 346,137.00 2,877.00 29,232.00
2017-12-31 345,177.00 3,165.00 28,921.00
2017-09-30 343,426.00 3,134.00 28,602.00
2017-06-30 341,495.00 2,908.00 28,339.00
2017-03-31 339,918.00 2,790.00 28,261.00
2016-12-31 338,097.00 2,929.00 27,604.00
2016-09-30 335,805.00 2,671.00 27,272.00
2016-06-30 333,440.00 2,512.00 26,934.00
2016-03-31 330,280.00 2,343.00 26,557.00
2015-12-31 330,111.00 2,266.00 26,596.00
2015-09-30 328,776.00 2,100.00 26,444.00
2015-06-30 328,586.00 2,285.00 26,222.00
2015-03-31 331,301.00 3,261.00 26,054.00
2014-12-31 342,670.00 3,544.00 26,041.00
2014-09-30 350,091.00 3,594.00 26,225.00
2014-06-30 353,300.00 3,847.00 25,958.00
2014-03-31 352,095.00 3,348.00 25,517.00
2013-12-31 333,359.00 2,843.00 24,745.00
2013-09-30 319,679.00 3,026.00 23,611.00
2013-06-30 309,064.00 2,535.00 23,005.00
2013-03-31 300,015.00 2,039.00 22,501.00

*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.
  • JK Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • JK Holdings used its assets less efficiently than the JP Trade Distributors industry average last year based on Return on Assets.
  • JK Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess JK Holdings'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.
JK Holdings has a total score of 0/6, 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.

9896 Health

 How is JK Holdings'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 JK Holdings's finances.

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

TSE:9896 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 41,562.00 46,133.00 27,280.00
2019-06-30 40,737.00 45,506.00 31,698.00
2019-03-31 40,808.00 45,273.00 33,694.00
2018-12-31 40,525.00 44,466.00 31,329.00
2018-09-30 40,310.00 44,346.00 30,990.00
2018-06-30 40,161.00 42,606.00 31,504.00
2018-03-31 39,732.00 40,771.00 32,617.00
2017-12-31 39,953.00 42,609.00 33,843.00
2017-09-30 38,688.00 42,121.00 30,466.00
2017-06-30 37,521.00 42,372.00 24,428.00
2017-03-31 36,702.00 41,495.00 24,613.00
2016-12-31 35,985.00 43,779.00 28,913.00
2016-09-30 34,450.00 42,538.00 19,926.00
2016-06-30 33,653.00 43,730.00 19,979.00
2016-03-31 33,434.00 40,944.00 18,297.00
2015-12-31 33,171.00 45,038.00 27,681.00
2015-09-30 32,376.00 44,726.00 19,607.00
2015-06-30 32,199.00 43,896.00 18,738.00
2015-03-31 31,830.00 41,646.00 19,434.00
2014-12-31 31,029.00 46,844.00 28,097.00
2014-09-30 30,324.00 46,875.00 21,554.00
2014-06-30 29,534.00 45,509.00 20,884.00
2014-03-31 28,502.00 42,331.00 20,570.00
2013-12-31 27,498.00 49,185.00 29,675.00
2013-09-30 25,545.00 46,096.00 19,565.00
2013-06-30 24,551.00 44,288.00 24,800.00
2013-03-31 23,802.00 43,540.00 26,414.00
  • JK Holdings's level of debt (109.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (153.5% vs 109.3% today).
  • Debt is not well covered by operating cash flow (9.5%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 17.2x coverage).
X
Financial health checks
We assess JK Holdings'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. JK Holdings 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.

9896 Dividends

 What is JK Holdings'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
2.59%
Current annual income from JK Holdings dividends.
If you bought ¥2,000 of JK Holdings shares you are expected to receive ¥52 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?
  • JK Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.31%).
  • JK Holdings's dividend is below the markets top 25% of dividend payers in Japan (2.92%).
Upcoming dividend payment

Purchase JK Holdings 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:9896 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 2975 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.7%
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:9896 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:9896 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-13 20.000 3.002
2019-11-08 20.000 3.238
2019-06-26 19.000 3.610
2019-05-15 19.000 3.376
2018-06-28 17.000 2.590
2018-05-11 17.000 1.915
2017-06-28 15.000 1.743
2017-05-12 15.000 2.278
2016-06-28 15.000 2.680
2016-05-13 15.000 3.318
2016-02-05 15.000 3.184
2015-11-09 15.000 3.099
2015-06-26 15.000 2.844
2015-05-15 15.000 2.541
2014-08-07 13.000 2.283
2014-06-27 13.000 2.330
2014-05-13 13.000 2.416
2014-02-07 12.000 2.208
2013-08-07 10.000 1.706
2013-06-27 8.000 1.455
2013-05-14 10.000 1.805
2013-02-07 8.000 1.433
2012-11-07 8.000 1.781
2012-08-07 8.000 1.951
2012-06-28 6.000 1.695
2012-05-14 6.000 1.793
2012-02-07 7.000 1.778
2011-11-08 7.000 1.966
2011-08-05 6.000 1.712
2011-06-29 6.000 1.602
2011-05-11 6.000 1.612
2011-02-10 7.000 1.688
2011-02-07 7.000 1.684
2010-11-12 5.000 1.257
2010-11-08 5.000 1.420
2010-06-29 5.000 1.513
2010-05-17 5.000 1.568
2010-05-14 5.000 1.465
2010-02-12 5.000 1.472
2010-02-05 5.000 1.501
2009-11-13 5.000 1.343
2009-11-09 5.000 1.344
2009-08-07 5.000 1.250
2009-05-14 5.000 1.066
2009-02-12 10.000 1.962
2009-02-06 10.000 2.195

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of JK Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (7.5x 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 JK Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 JK Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JK Holdings has a total score of 3/6, see the detailed checks below.


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

9896 Management

 What is the CEO of JK Holdings'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
Takashi Yoshida
AGE 73
CEO Bio

Mr. Takashi Yoshida serves as the Chief Executive Officer and Chairman at JK Holdings Co., Ltd. Mr. Yoshida served as Vice-chairman at JK Holdings Co., Ltd. since April 2014 and served as General Manager of Corporate Management Division since June, 2009. Mr. Yoshida served as Chief Operating Officer of JK Holdings Co., Ltd. and served as its President since June, 2009. Mr. Yoshida served as Chief Financial Officer at JK Holdings Co., Ltd. since April 2003., Vice President since October 1998., and General Manager of Administrative Headquarters since October 2006 and served as its Senior Managing Director of Finance. In September 1972, Mr. Yoshida joined Maruyoshi Co., Ltd. and served as its General Manager of Accounting Division since April 1984, Managing Director since June 1986, Representative Senior Managing Director and General Manager of Business Affairs Management Headquarters since March 1990 and Vice President since April 1997. He served as Executive Officer of Rakuten, Inc. Mr. Yoshida served as Chief Financial Officer at Japan Kenzai Co., Ltd. since April 2003 and Vice President and General Manager Business Affairs Management Headquarters since October 1998. Mr. Yoshida has been Representative Director of JK Holdings Co., Ltd., since October 1998. He served as Representative Director of Maruyoshi Co., Ltd. since April 1997 and Japan Kenzai Co., Ltd. since October 1998. He served as a Director of Maruyoshi Co., Ltd. since June 1985 and Rakuten, Inc.

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

Takashi Yoshida

TITLE
Chairman & CEO
AGE
73

Keiichiro Aoki

TITLE
President
AGE
52
TENURE
5.8 yrs

Kazuyuki Tatezaki

TITLE
Chief of Internal Control Office & Director
AGE
58
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the JK Holdings board of directors in years:

9.6
Average Tenure
63
Average Age
  • The tenure for the JK Holdings board of directors is about average.
Board of Directors

Takashi Yoshida

TITLE
Chairman & CEO
AGE
73

Keiichiro Aoki

TITLE
President
AGE
52
TENURE
15.6 yrs

Kazuyuki Tatezaki

TITLE
Chief of Internal Control Office & Director
AGE
58

Akinori Ogawa

TITLE
Director
AGE
50
TENURE
11.6 yrs

Hiroshi Narita

TITLE
Director
AGE
69
TENURE
5.6 yrs

Tomoaki Kaneko

TITLE
Director
AGE
47

Tatsuo Koyanagi

TITLE
Director
AGE
55

Ichiro Yumoto

TITLE
Director
AGE
68

Shoichi Watanabe

TITLE
Full-Time Corporate Auditor
AGE
68

Koichi Ogawa

TITLE
AGE
68
TENURE
7.6 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 JK Holdings'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. JK Holdings 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.

9896 News

Simply Wall St News

9896 Company Info

Description

JK Holdings Co., Ltd., through its subsidiaries, engages in the wholesale, plywood manufacturing and wood processing, franchise, home construction, and other businesses in Japan. The company produces and sells building materials; sells housing equipment and fixtures, street signs and traffic safety equipment, construction equipment and tools, and medical equipment. It is also involved in the civil engineering construction, interior decor construction, finishing construction, buildings design and administration, forestry, residential land development, warehouse and transport, and casualty insurance agency and life insurance related businesses, as well as sale, exchange, lease, and management of real estate. In addition, the company produces and sells various plywood and structural laminated veneer lumber; manufactures, processes, sells, and erects structural glulam products; and processes and sells building materials, lumber, panels, etc. Further, it develops stores under the House Depot name; operates directly-managed offices for custom homes and remodeling/reconstruction of homes; and provides home loans and guarantees. Additionally, the company offers upgrading services, including housing completion guarantee, performance indication system, after service and maintenance, etc. for home purchasers. JK Holdings Co., Ltd. was founded in 1937 and is headquartered in Tokyo, Japan.

Details
Name: JK Holdings Co., Ltd.
9896
Exchange: TSE
Founded: 1937
¥23,399,349,525
30,587,385
Website: http://www.jkhd.co.jp
Address: JK Holdings Co., Ltd.
Wood Land Tower,
1-7-22 Shinkiba,
Tokyo,
136-8405,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9896 Common Stock The Tokyo Stock Exchange JP JPY 13. Jul 1992
Number of employees
Current staff
Staff numbers
2,896
JK Holdings employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/24 14:50
End of day share price update: 2020/01/23 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/11/13
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.