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Inaba Denki SangyoLtd

TSE:9934
Snowflake Description

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

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9934
TSE
¥145B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

Inaba Denki Sangyo Co.,Ltd. provides electrical equipment and materials, industrial solutions, and proprietary products. The last earnings update was 6 days ago. More info.


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9934 Share Price and Events
7 Day Returns
-2.2%
TSE:9934
-1.7%
JP Trade Distributors
-2.7%
JP Market
1 Year Returns
17.3%
TSE:9934
1.2%
JP Trade Distributors
4.3%
JP Market
9934 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Inaba Denki SangyoLtd (9934) -2.2% -4.8% 3% 17.3% 33% 27%
JP Trade Distributors -1.7% -3.1% 0% 1.2% 16.9% 32%
JP Market -2.7% -4% -0.9% 4.3% 8.9% 14.7%
1 Year Return vs Industry and Market
  • 9934 outperformed the Trade Distributors industry which returned 1.2% over the past year.
  • 9934 outperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
9934
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Inaba Denki SangyoLtd 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 Inaba Denki SangyoLtd 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 Inaba Denki SangyoLtd.

TSE:9934 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
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:9934
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 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.957 (1 + (1- 30.86%) (0.31%))
0.972
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.972 * 6.33%)
6.06%

Discounted Cash Flow Calculation for TSE:9934 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Inaba Denki SangyoLtd 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:9934 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.06%)
2020 11,839.12 Est @ 1.72% 11,162.16
2021 11,978.70 Est @ 1.18% 10,648.00
2022 12,074.34 Est @ 0.8% 10,119.29
2023 12,138.55 Est @ 0.53% 9,591.42
2024 12,180.46 Est @ 0.35% 9,074.21
2025 12,206.61 Est @ 0.21% 8,573.72
2026 12,221.66 Est @ 0.12% 8,093.44
2027 12,228.91 Est @ 0.06% 7,635.19
2028 12,230.69 Est @ 0.01% 7,199.66
2029 12,228.63 Est @ -0.02% 6,786.84
Present value of next 10 years cash flows ¥88,883.00
TSE:9934 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥12,228.63 × (1 + -0.09%) ÷ (6.06% – -0.09%)
¥198,507.78
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥198,507.78 ÷ (1 + 6.06%)10
¥110,171.07
TSE:9934 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥88,883.00 + ¥110,171.07
¥199,054.07
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥199,054.07 / 55.62
¥3578.75
TSE:9934 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥3,578.75
Current discount Discount to share price of ¥2,636.00
= -1 x (¥2,636.00 - ¥3,578.75) / ¥3,578.75
26.3%

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

Current Discount
Amount off the current price Inaba Denki SangyoLtd is available for.
Intrinsic value
26%
Share price is ¥2636 vs Future cash flow value of ¥3578.75
Current Discount Checks
For Inaba Denki SangyoLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Inaba Denki SangyoLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Inaba Denki SangyoLtd's share price is below the future cash flow value, but not 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 Inaba Denki SangyoLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Inaba Denki SangyoLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9934 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥194.62
TSE:9934 Share Price ** TSE (2020-02-19) in JPY ¥2636
Japan Trade Distributors Industry PE Ratio Median Figure of 109 Publicly-Listed Trade Distributors Companies 9.53x
Japan Market PE Ratio Median Figure of 3,059 Publicly-Listed Companies 15.31x

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

** Primary Listing of Inaba Denki SangyoLtd.

TSE:9934 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9934 Share Price ÷ EPS (both in JPY)

= 2636 ÷ 194.62

13.54x

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

  • Inaba Denki SangyoLtd is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • Inaba Denki SangyoLtd is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Inaba Denki SangyoLtd's expected growth come at a high price?
Raw Data
TSE:9934 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
5.4%per year
Japan Trade Distributors Industry PEG Ratio Median Figure of 22 Publicly-Listed Trade Distributors Companies 1.66x
Japan Market PEG Ratio Median Figure of 1,270 Publicly-Listed Companies 1.71x

*Line of best fit is calculated by linear regression .

TSE:9934 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.54x ÷ 5.4%

2.53x

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

  • Inaba Denki SangyoLtd is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Inaba Denki SangyoLtd's assets?
Raw Data
TSE:9934 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,287.26
TSE:9934 Share Price * TSE (2020-02-19) in JPY ¥2636
Japan Trade Distributors Industry PB Ratio Median Figure of 110 Publicly-Listed Trade Distributors Companies 0.71x
Japan Market PB Ratio Median Figure of 3,556 Publicly-Listed Companies 1.08x
TSE:9934 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9934 Share Price ÷ Book Value per Share (both in JPY)

= 2636 ÷ 2,287.26

1.15x

* Primary Listing of Inaba Denki SangyoLtd.

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

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

Future Performance

 How is Inaba Denki SangyoLtd expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
5.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Inaba Denki SangyoLtd expected to grow at an attractive rate?
  • Inaba Denki SangyoLtd's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Inaba Denki SangyoLtd's earnings growth is positive but not above the Japan market average.
  • Inaba Denki SangyoLtd's revenue growth is expected to exceed the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:9934 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:9934 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 5.4%
TSE:9934 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.3%
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.7%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*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:9934 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9934 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 324,000 12,300 12,000 1
2021-03-31 314,000 11,100 11,300 1
2020-03-31 302,000 9,201 10,500 1
TSE:9934 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 292,446 10,845
2019-09-30 292,895 13,147 10,600
2019-06-30 284,375 10,121
2019-03-31 278,525 8,737 9,462
2018-12-31 274,071 9,542
2018-09-30 268,310 6,141 9,342
2018-06-30 263,614 9,219
2018-03-31 258,107 9,602 8,866
2017-12-31 252,557 9,064
2017-09-30 249,668 11,839 9,239
2017-06-30 244,096 8,563
2017-03-31 241,417 10,743 8,169

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Inaba Denki SangyoLtd's earnings are expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
  • Inaba Denki SangyoLtd's revenue is expected to grow by 4.3% 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:9934 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Inaba Denki SangyoLtd Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9934 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 215.10 215.10 215.10 1.00
2021-03-31 202.50 202.50 202.50 1.00
2020-03-31 188.20 188.20 188.20 1.00
TSE:9934 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 194.62
2019-09-30 190.07
2019-06-30 181.23
2019-03-31 169.19
2018-12-31 170.62
2018-09-30 167.47
2018-06-30 165.86
2018-03-31 160.11
2017-12-31 164.25
2017-09-30 167.71
2017-06-30 155.48
2017-03-31 148.31

*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 Inaba Denki SangyoLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Inaba Denki SangyoLtd'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.
Inaba Denki SangyoLtd 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.

Past Performance

  How has Inaba Denki SangyoLtd 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 Inaba Denki SangyoLtd'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.
  • Inaba Denki SangyoLtd's year on year earnings growth rate has been positive over the past 5 years.
  • Inaba Denki SangyoLtd's 1-year earnings growth exceeds its 5-year average (13.7% vs 6.1%)
  • Inaba Denki SangyoLtd's earnings growth has exceeded the JP Trade Distributors industry average in the past year (13.7% vs -3%).
Earnings and Revenue History
Inaba Denki SangyoLtd'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 Inaba Denki SangyoLtd Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9934 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 292,446.00 10,845.00 29,948.00
2019-09-30 292,895.00 10,600.00 30,078.00
2019-06-30 284,375.00 10,121.00 29,448.00
2019-03-31 278,525.00 9,462.00 29,004.00
2018-12-31 274,071.00 9,542.00 28,093.00
2018-09-30 268,310.00 9,342.00 27,457.00
2018-06-30 263,614.00 9,219.00 27,147.00
2018-03-31 258,107.00 8,866.00 26,839.00
2017-12-31 252,557.00 9,064.00 25,774.00
2017-09-30 249,668.00 9,239.00 25,420.00
2017-06-30 244,096.00 8,563.00 25,114.00
2017-03-31 241,417.00 8,169.00 24,935.00
2016-12-31 240,095.00 7,805.00 24,997.00
2016-09-30 241,680.00 7,431.00 24,780.00
2016-06-30 247,370.00 7,676.00 24,594.00
2016-03-31 250,064.00 7,909.00 24,343.00
2015-12-31 247,717.00 7,536.00 24,365.00
2015-09-30 245,789.00 7,716.00 24,286.00
2015-06-30 241,213.00 8,186.00 23,974.00
2015-03-31 239,411.00 8,741.00 23,580.00
2014-12-31 241,840.00 8,245.00 24,674.00
2014-09-30 240,492.00 7,987.00 24,734.00
2014-06-30 238,801.00 7,114.00 24,766.00
2014-03-31 233,695.00 6,624.00 23,792.00
2013-12-31 217,968.00 5,699.00 22,742.00
2013-09-30 208,984.00 5,452.00 21,316.00
2013-06-30 201,504.00 5,277.00 19,985.00
2013-03-31 197,380.00 4,872.00 19,872.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Inaba Denki SangyoLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Inaba Denki SangyoLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Inaba Denki SangyoLtd'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 347.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Inaba Denki SangyoLtd Company Filings, last reported 1 month ago.

TSE:9934 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 127,778.00 458.00 61,634.00
2019-09-30 127,234.00 421.00 66,503.00
2019-06-30 123,530.00 418.00 59,116.00
2019-03-31 122,597.00 409.00 60,828.00
2018-12-31 120,225.00 420.00 57,802.00
2018-09-30 122,272.00 547.00 60,905.00
2018-06-30 118,812.00 559.00 55,910.00
2018-03-31 118,928.00 415.00 58,872.00
2017-12-31 116,971.00 405.00 55,363.00
2017-09-30 114,939.00 396.00 58,645.00
2017-06-30 111,232.00 489.00 56,328.00
2017-03-31 110,236.00 487.00 51,553.00
2016-12-31 106,898.00 494.00 46,055.00
2016-09-30 105,974.00 586.00 48,728.00
2016-06-30 103,329.00 640.00 45,134.00
2016-03-31 103,876.00 670.00 43,214.00
2015-12-31 103,287.00 660.00 38,473.00
2015-09-30 101,839.00 728.00 42,635.00
2015-06-30 100,962.00 738.00 36,180.00
2015-03-31 100,895.00 730.00 35,838.00
2014-12-31 98,109.00 811.00 31,366.00
2014-09-30 97,280.00 1,026.00 36,264.00
2014-06-30 93,671.00 0.00 31,984.00
2014-03-31 94,360.00 0.00 33,976.00
2013-12-31 92,965.00 0.00 28,999.00
2013-09-30 90,319.00 0.00 29,606.00
2013-06-30 86,395.00 0.00 21,167.00
2013-03-31 77,134.00 0.00 29,279.00
  • Inaba Denki SangyoLtd's level of debt (0.4%) 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 (0.8% vs 0.4% today).
  • Debt is well covered by operating cash flow (2870.5%, greater than 20% of total debt).
  • Inaba Denki SangyoLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Inaba Denki SangyoLtd'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. Inaba Denki SangyoLtd 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 Inaba Denki SangyoLtd's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.79%
Current annual income from Inaba Denki SangyoLtd dividends. Estimated to be 3.98% next year.
If you bought ¥2,000 of Inaba Denki SangyoLtd shares you are expected to receive ¥76 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?
  • Inaba Denki SangyoLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.39%).
  • Inaba Denki SangyoLtd's dividend is above the markets top 25% of dividend payers in Japan (3.1%).
Upcoming dividend payment

Purchase Inaba Denki SangyoLtd 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:9934 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 1 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 2974 Stocks 2.4%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.4%
Japan Top 25% Dividend Yield 75th Percentile 3.1%

Industry and Market average data is calculated daily.

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

TSE:9934 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 110.00 1.00
2021-03-31 105.00 1.00
2020-03-31 100.00 1.00
TSE:9934 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 100.000 3.984
2019-05-15 100.000 4.549
2018-06-26 70.000 3.106
2018-05-14 70.000 2.900
2018-02-14 60.000 2.509
2018-01-31 80.000 3.199
2017-11-14 60.000 2.320
2017-10-30 60.000 2.365
2017-06-27 60.000 2.687
2017-05-15 60.000 2.883
2016-10-31 55.000 2.764
2016-06-21 55.000 3.065
2016-05-12 55.000 3.063
2015-06-22 50.000 2.662
2015-05-14 50.000 2.336
2015-02-13 69.000 3.213
2015-01-30 69.000 3.484
2014-11-14 50.000 2.558
2014-11-07 69.000 3.569
2014-06-23 59.500 3.351
2014-05-14 59.500 3.718
2014-02-07 56.500 3.533
2013-08-09 56.500 3.737
2013-06-24 51.500 3.824
2013-05-15 56.500 4.136
2013-01-31 45.500 3.194
2012-10-31 45.500 3.767
2012-07-30 45.500 4.128
2012-06-25 45.500 3.964
2012-05-14 45.500 4.210
2012-01-30 42.000 3.512
2011-10-31 42.000 3.833
2011-07-28 42.000 3.791
2011-06-20 42.000 3.859
2011-05-11 42.000 4.100
2011-01-28 39.000 3.436
2010-10-28 39.000 3.537
2010-08-12 39.000 3.855
2010-07-30 39.000 3.729
2010-06-21 39.000 3.745
2010-05-14 39.000 3.610
2009-11-13 39.000 3.637
2009-10-30 39.000 3.606
2009-06-22 39.000 3.605
2009-05-15 39.000 3.692

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 Inaba Denki SangyoLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x 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 Inaba Denki SangyoLtd'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 Inaba Denki SangyoLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Inaba Denki SangyoLtd has a total score of 4/6, see the detailed checks below.


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

Management

 What is the CEO of Inaba Denki SangyoLtd'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
Seiichi Kita
AGE 60
TENURE AS CEO 0.7 years
CEO Bio

Mr. Seiichi Kita is a President of Inaba Denki Sangyo Co.,Ltd., since June 2019. Mr. Kita was General Manager of Electrical Engineering Division at Inaba Denkisangyo Co., Ltd. since April 2016 until June 2019 and served as its General Manager of Electrical Materials Western Japan Division since April 2011. Mr. Kita served as Manager of West Japan Electronic Material Business at Inaba Denkisangyo Co., Ltd. since April 2011. He serves as a Director of Inaba Denkisangyo Co., Ltd. since June 2011.

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

Average tenure and age of the Inaba Denki SangyoLtd management team in years:

3.3
Average Tenure
61
Average Age
  • The tenure for the Inaba Denki SangyoLtd management team is about average.
Management Team

Seiichi Kita

TITLE
President & Representative Director
AGE
60
TENURE
0.7 yrs

Haruyuki Iesato

TITLE
Senior MD
AGE
62
TENURE
5.8 yrs

Kohei Edamura

TITLE
Senior MD
AGE
63

Yoshinori Okuda

TITLE
MD, GM of Products Division & Director
AGE
61
TENURE
0.7 yrs

Hiroaki Tashiro

TITLE
Head of Electric Facility West Japan Division & Director
AGE
52
TENURE
2.7 yrs

Hiroyuki Iwakura

TITLE
GM of Electrical Materials Division & Director
AGE
60
TENURE
8.8 yrs

Akihiko Kitano

TITLE
GM of Production Machinery Division & Director
AGE
62
TENURE
3.8 yrs
Board of Directors Tenure

Average tenure and age of the Inaba Denki SangyoLtd board of directors in years:

10.7
Average Tenure
61.5
Average Age
  • The average tenure for the Inaba Denki SangyoLtd board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Yoshihiro Moriya

TITLE
Chairman
AGE
68
TENURE
0.7 yrs

Seiichi Kita

TITLE
President & Representative Director
AGE
60
TENURE
8.7 yrs

Haruyuki Iesato

TITLE
Senior MD
AGE
62
TENURE
16.7 yrs

Kohei Edamura

TITLE
Senior MD
AGE
63
TENURE
14.7 yrs

Yoshinori Okuda

TITLE
MD, GM of Products Division & Director
AGE
61
TENURE
10.7 yrs

Hiroaki Tashiro

TITLE
Head of Electric Facility West Japan Division & Director
AGE
52

Hiroyuki Iwakura

TITLE
GM of Electrical Materials Division & Director
AGE
60
TENURE
8.7 yrs

Akihiko Kitano

TITLE
GM of Production Machinery Division & Director
AGE
62

Tsukasa Takahashi

TITLE
External Director
AGE
57
TENURE
11.7 yrs

Tsutomu Shibaike

TITLE
External Director
AGE
66
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 Inaba Denki SangyoLtd'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. Inaba Denki SangyoLtd 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

Inaba Denki Sangyo Co.,Ltd. provides electrical equipment and materials, industrial solutions, and proprietary products. The company supplies light fittings, air conditioning systems, distribution panels, and other electric equipment; and power sockets, wiring accessories, and other electrical materials for various types of buildings, including houses, office buildings, and public facilities. It also sells environmentally-friendly products, such as solar photovoltaic systems and LED light fittings. In addition, the company offers sensors, switches, relays, and other control units; and combinations of LCD devices, connectors, condensers, and other electrical components. Further, it develops pipe covers, insulated copper tubes, and other products for use with air conditioners under the Inaba Denko name; multimedia-compatible wiring systems for newly-built digital age residences under the Abaniact name; and AEM Grapher, which monitors energy consumption in households. The company was founded in 1938 and is headquartered in Osaka, Japan.

Details
Name: Inaba Denki Sangyo Co.,Ltd.
9934
Exchange: TSE
Founded: 1938
¥145,449,035,290
55,621,046
Website: http://www.inaba.co.jp
Address: Inaba Denki Sangyo Co.,Ltd.
4-11-14, Itachibori,
Nishi-ku,
Osaka,
550-0012,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9934 Common Stock The Tokyo Stock Exchange JP JPY 15. Apr 1993
Number of employees
Current staff
Staff numbers
2,147
Inaba Denki SangyoLtd employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/20 14:44
End of day share price update: 2020/02/19 00:00
Last estimates confirmation: 2019/12/06
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.