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ZAOH Company

TSE:9986
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9986
TSE
¥9B
Market Cap
  1. Home
  2. JP
  3. Capital Goods
Company description

ZAOH Company, Ltd. imports and sells machines for anti-pollution and cleaning in Japan. The last earnings update was 30 days ago. More info.


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9986 Share Price and Events
7 Day Returns
0.3%
TSE:9986
1.2%
JP Trade Distributors
0.7%
JP Market
1 Year Returns
8.6%
TSE:9986
6.8%
JP Trade Distributors
9.4%
JP Market
9986 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ZAOH Company (9986) 0.3% -0.5% 2.7% 8.6% 3.2% 19.5%
JP Trade Distributors 1.2% 2.4% 7.7% 6.8% 25.1% 50.3%
JP Market 0.7% 1.4% 9.1% 9.4% 13.8% 30.3%
1 Year Return vs Industry and Market
  • 9986 outperformed the Trade Distributors industry which returned 6.8% over the past year.
  • 9986 matched the Japan Market (9.4%) over the past year.
Price Volatility
9986
Industry
5yr Volatility vs Market
Related Companies

9986 Value

 Is ZAOH Company 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 ZAOH Company 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 ZAOH Company.

TSE:9986 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSE:9986
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Trade Distributors Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.947 (1 + (1- 30.86%) (0%))
0.965
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.965 * 6.33%)
6.02%

Discounted Cash Flow Calculation for TSE:9986 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ZAOH Company 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:9986 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.02%)
2020 596.83 Est @ -8.52% 562.96
2021 561.08 Est @ -5.99% 499.20
2022 537.40 Est @ -4.22% 451.00
2023 521.38 Est @ -2.98% 412.72
2024 510.36 Est @ -2.11% 381.07
2025 502.67 Est @ -1.51% 354.03
2026 497.23 Est @ -1.08% 330.32
2027 493.33 Est @ -0.78% 309.13
2028 490.49 Est @ -0.58% 289.91
2029 488.38 Est @ -0.43% 272.28
Present value of next 10 years cash flows ¥3,862.00
TSE:9986 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥488.38 × (1 + -0.09%) ÷ (6.02% – -0.09%)
¥7,990.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥7,990.37 ÷ (1 + 6.02%)10
¥4,454.79
TSE:9986 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥3,862.00 + ¥4,454.79
¥8,316.79
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥8,316.79 / 6.26
¥1327.57
TSE:9986 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,327.57
Current discount Discount to share price of ¥1,443.00
= -1 x (¥1,443.00 - ¥1,327.57) / ¥1,327.57
-8.7%

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

  • The current share price of ZAOH Company 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 ZAOH Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ZAOH Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9986 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥117.82
TSE:9986 Share Price ** TSE (2019-12-10) in JPY ¥1443
Japan Trade Distributors Industry PE Ratio Median Figure of 107 Publicly-Listed Trade Distributors Companies 9.82x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 15.61x

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

** Primary Listing of ZAOH Company.

TSE:9986 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9986 Share Price ÷ EPS (both in JPY)

= 1443 ÷ 117.82

12.25x

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

  • ZAOH Company is overvalued based on earnings compared to the JP Trade Distributors industry average.
  • ZAOH Company is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does ZAOH Company's expected growth come at a high price?
Raw Data
TSE:9986 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Trade Distributors Industry PEG Ratio Median Figure of 22 Publicly-Listed Trade Distributors Companies 1.99x
Japan Market PEG Ratio Median Figure of 1,367 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for ZAOH Company, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ZAOH Company's assets?
Raw Data
TSE:9986 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,904.17
TSE:9986 Share Price * TSE (2019-12-10) in JPY ¥1443
Japan Trade Distributors Industry PB Ratio Median Figure of 108 Publicly-Listed Trade Distributors Companies 0.71x
Japan Market PB Ratio Median Figure of 3,528 Publicly-Listed Companies 1.14x
TSE:9986 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9986 Share Price ÷ Book Value per Share (both in JPY)

= 1443 ÷ 1,904.17

0.76x

* Primary Listing of ZAOH Company.

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

  • ZAOH Company is overvalued based on assets compared to the JP Trade Distributors industry average.
X
Value checks
We assess ZAOH Company'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. ZAOH Company has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

9986 Future Performance

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

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.2%
Expected Trade Distributors industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ZAOH Company expected to grow at an attractive rate?
  • Unable to compare ZAOH Company's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ZAOH Company's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare ZAOH Company's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:9986 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Trade Distributors Industry Earnings Growth Rate Market Cap Weighted Average 3.2%
Japan Trade Distributors Industry Revenue Growth Rate Market Cap Weighted Average 2%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSE:9986 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9986 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:9986 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 7,017 659 738
2019-06-30 7,031 742
2019-03-31 6,949 845 738
2018-12-31 6,937 722
2018-09-30 7,030 986 762
2018-06-30 7,029 768
2018-03-31 7,200 822 783
2017-12-31 7,205 838
2017-09-30 7,185 860 819
2017-06-30 7,050 797
2017-03-31 6,944 931 761
2016-12-31 6,968 707

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ZAOH Company is high growth as no earnings estimate data is available.
  • Unable to determine if ZAOH Company 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:9986 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

TSE:9986 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:9986 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 117.82
2019-06-30 118.45
2019-03-31 117.82
2018-12-31 115.26
2018-09-30 121.65
2018-06-30 122.61
2018-03-31 125.00
2017-12-31 133.78
2017-09-30 130.75
2017-06-30 127.23
2017-03-31 121.49
2016-12-31 112.87

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

Next steps:

  1. Examine ZAOH Company's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. ZAOH Company's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess ZAOH Company'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.
ZAOH Company 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.

9986 Past Performance

  How has ZAOH Company 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 ZAOH Company'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.
  • ZAOH Company's year on year earnings growth rate has been positive over the past 5 years.
  • ZAOH Company's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ZAOH Company's 1-year earnings growth is negative, it can't be compared to the JP Trade Distributors industry average.
Earnings and Revenue History
ZAOH Company'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 ZAOH Company Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9986 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 7,017.00 738.00 2,470.00
2019-06-30 7,031.00 742.00 2,453.00
2019-03-31 6,949.00 738.00 2,452.00
2018-12-31 6,937.00 722.00 2,482.00
2018-09-30 7,030.00 762.00 2,471.00
2018-06-30 7,029.00 768.00 2,465.00
2018-03-31 7,200.00 783.00 2,477.00
2017-12-31 7,205.00 838.00 2,470.00
2017-09-30 7,185.00 819.00 2,448.00
2017-06-30 7,050.00 797.00 2,443.00
2017-03-31 6,944.00 761.00 2,434.00
2016-12-31 6,968.00 707.00 2,412.00
2016-09-30 6,836.00 667.00 2,405.00
2016-06-30 6,835.00 646.00 2,390.00
2016-03-31 6,833.00 657.00 2,340.00
2015-12-31 6,940.00 562.00 2,372.00
2015-09-30 7,175.00 580.00 2,369.00
2015-06-30 7,274.00 576.00 2,376.00
2015-03-31 7,276.00 577.00 2,386.00
2014-12-31 7,198.00 624.00 2,331.00
2014-09-30 7,192.00 604.00 2,329.00
2014-06-30 7,057.00 591.00 2,311.00
2014-03-31 6,933.00 565.00 2,322.00
2013-12-31 6,751.00 549.00 2,321.00
2013-09-30 6,615.00 560.00 2,315.00
2013-06-30 6,528.00 570.00 2,309.00
2013-03-31 6,667.00 560.00 2,280.00
2012-12-31 6,680.00 513.00 2,335.00

*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.
  • ZAOH Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ZAOH Company used its assets more efficiently than the JP Trade Distributors industry average last year based on Return on Assets.
  • ZAOH Company's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ZAOH Company'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.
ZAOH Company has a total score of 2/6, 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.

9986 Health

 How is ZAOH Company'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 ZAOH Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ZAOH Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ZAOH Company's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ZAOH Company'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.
  • ZAOH Company has no debt, it does not need to be covered by short term assets.
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 ZAOH Company Company Filings, last reported 2 months ago.

TSE:9986 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 11,929.00 0.00 5,780.00
2019-06-30 11,750.00 0.00 6,235.00
2019-03-31 11,796.00 0.00 5,838.00
2018-12-31 11,547.00 0.00 5,447.00
2018-09-30 11,581.00 0.00 5,619.00
2018-06-30 11,391.00 0.00 5,295.00
2018-03-31 11,448.00 0.00 5,412.00
2017-12-31 11,230.00 0.00 5,031.00
2017-09-30 11,203.00 0.00 5,027.00
2017-06-30 11,014.00 0.00 4,901.00
2017-03-31 11,021.00 0.00 4,941.00
2016-12-31 10,750.00 0.00 4,596.00
2016-09-30 10,692.00 0.00 4,517.00
2016-06-30 10,518.00 0.00 4,596.00
2016-03-31 10,611.00 0.00 4,933.00
2015-12-31 10,377.00 0.00 4,589.00
2015-09-30 10,383.00 0.00 4,854.00
2015-06-30 10,238.00 0.00 4,664.00
2015-03-31 10,260.00 0.00 4,848.00
2014-12-31 9,562.00 0.00 3,843.00
2014-09-30 9,553.00 0.00 3,737.00
2014-06-30 9,387.00 0.00 3,637.00
2014-03-31 9,389.00 0.00 3,863.00
2013-12-31 9,224.00 0.00 3,469.00
2013-09-30 9,215.00 0.00 3,417.00
2013-06-30 9,092.00 0.00 3,311.00
2013-03-31 9,130.00 0.00 3,569.00
2012-12-31 8,961.00 0.00 3,175.00
  • ZAOH Company has no debt.
  • ZAOH Company has not taken on any debt in the past 5 years.
  • ZAOH Company has no debt, it does not need to be covered by operating cash flow.
  • ZAOH Company has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ZAOH Company'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. ZAOH Company 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.

9986 Dividends

 What is ZAOH Company'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
4.23%
Current annual income from ZAOH Company dividends.
If you bought ¥2,000 of ZAOH Company shares you are expected to receive ¥85 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?
  • ZAOH Company's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.33%).
  • ZAOH Company's dividend is above the markets top 25% of dividend payers in Japan (2.92%).
Upcoming dividend payment

Purchase ZAOH Company 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:9986 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Japan Trade Distributors Industry Average Dividend Yield Market Cap Weighted Average of 106 Stocks 3.7%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2973 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 2.9%

Industry and Market average data is calculated daily.

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

TSE:9986 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:9986 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-10-30 61.000 4.194
2019-06-27 61.000 4.463
2019-04-26 61.000 4.612
2018-06-28 61.000 4.307
2018-04-27 61.000 3.525
2018-02-14 55.000 3.111
2018-01-30 55.000 2.859
2017-06-29 55.000 3.313
2017-04-28 55.000 3.740
2017-02-13 54.000 3.642
2017-01-30 56.000 3.731
2016-11-14 56.000 3.979
2016-10-28 56.000 4.186
2016-06-27 55.000 4.189
2016-04-28 55.000 4.224
2016-01-29 48.000 3.691
2015-10-30 48.000 3.474
2015-07-30 48.000 3.348
2015-06-29 46.000 3.162
2015-04-30 48.000 3.386
2014-06-30 46.000 3.688
2014-04-28 46.000 4.260
2013-10-30 44.000 4.165
2013-06-28 44.000 4.251
2013-04-30 44.000 4.305
2012-07-30 36.000 4.518
2012-06-29 36.000 4.687
2012-04-27 36.000 4.964
2012-02-14 32.000 4.336
2012-01-30 32.000 4.757
2011-11-14 32.000 5.096
2011-10-31 32.000 5.188
2011-07-29 31.000 4.885
2011-06-30 31.000 4.999
2011-04-28 31.000 5.247
2011-01-28 21.000 3.604
2010-06-30 18.000 3.655
2010-04-30 18.000 3.486
2010-01-28 15.000 2.857
2009-10-29 15.000 2.817
2009-06-29 30.000 4.425
2009-04-30 30.000 4.741

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 ZAOH Company's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x 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 ZAOH Company'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 ZAOH Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ZAOH Company 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.

9986 Management

 What is the CEO of ZAOH Company'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
Shigekazu Kitabayashi
AGE 58
TENURE AS CEO 3.5 years
CEO Bio

Mr. Shigekazu Kitabayashi has been President at ZAOH Company, Ltd. since June 29, 2016. Mr. Kitabayashi served as a General Manager of Sales Division and Managing Director of ZAOH Company, Ltd. since June 2008 and June 1, 2013 Respectively. Mr. Kitabayashi joined ZAOH Company, Ltd. in February 1985 and served as its Assistant Manager of Sales Department since April 2001; Assistant Manager of Commercial Department since April 2005 and Manager of East Japan Sales Department since April 2007. Mr. Kitabayashi served as an Director of ZAOH Company, Ltd. since June 2008.

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

Average tenure and age of the ZAOH Company management team in years:

6.1
Average Tenure
52.5
Average Age
  • The average tenure for the ZAOH Company management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shigekazu Kitabayashi

TITLE
President
AGE
58
TENURE
3.5 yrs

Takanori Kutsuzawa

TITLE
Vice President & Senior Executive Director
AGE
54
TENURE
2.4 yrs

Hiroshi Takemura

TITLE
Manager of Trading Department and Director
AGE
51
TENURE
9.2 yrs

Junpei Obata

TITLE
Manager of Sales Department and Director
AGE
50
TENURE
8.7 yrs
Board of Directors Tenure

Average tenure and age of the ZAOH Company board of directors in years:

6.5
Average Tenure
60
Average Age
  • The tenure for the ZAOH Company board of directors is about average.
Board of Directors

Takanori Kutsuzawa

TITLE
Vice President & Senior Executive Director
AGE
54
TENURE
3.5 yrs

Hiroshi Takemura

TITLE
Manager of Trading Department and Director
AGE
51
TENURE
6.5 yrs

Junpei Obata

TITLE
Manager of Sales Department and Director
AGE
50
TENURE
6.5 yrs

Katsusuke Kaneko

TITLE
External Director
TENURE
5.5 yrs

Katsuyuki Kizawa

TITLE
External Auditor
AGE
68
TENURE
27.5 yrs

Atsushi Ushimura

TITLE
External Auditor
AGE
72
TENURE
25.5 yrs

Minoru Taguchi

TITLE
Standing Corporate Auditor
AGE
66
TENURE
13.3 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 ZAOH Company'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. ZAOH Company 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.

9986 News

Simply Wall St News

9986 Company Info

Description

ZAOH Company, Ltd. imports and sells machines for anti-pollution and cleaning in Japan. The company is also involved in the sale of machines and devices for construction, manufacturing, measurement, and transportation; and sale of metalworking oils and related products. Its products include sweepers, vacuum cleaners, floor scrubbers, high pressure cleaners, carpet scrubbers and cleaners, steam cleaners, alkali ionized machines, and other products. ZAOH Company, Ltd. was founded in 1956 and is headquartered in Tokyo, Japan.

Details
Name: ZAOH Company, Ltd.
9986
Exchange: TSE
Founded: 1956
¥9,071,246,504
6,264,673
Website: http://www.zaohnet.co.jp
Address: ZAOH Company, Ltd.
1-19-5, Mouri,
Koto-Ku,
Tokyo,
135-0001,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9986 Common Shares The Tokyo Stock Exchange JP JPY 29. Jul 1994
Number of employees
Current staff
Staff numbers
201
ZAOH Company employees.
Industry
Trading Companies and Distributors
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/11 14:36
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/04/26
Last earnings filing: 2019/11/11
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.