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JTEC

JASDAQ:2479
Snowflake Description

Excellent balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2479
JASDAQ
¥2B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

JTEC Corporation engages in technical intellectual property leasing business in Japan and internationally. The last earnings update was 78 days ago. More info.


Add to Portfolio Compare Print
  • JTEC has significant price volatility in the past 3 months.
2479 Share Price and Events
7 Day Returns
-3.1%
JASDAQ:2479
1.6%
JP Professional Services
-1.8%
JP Market
1 Year Returns
-28.8%
JASDAQ:2479
44.2%
JP Professional Services
10.5%
JP Market
2479 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
JTEC (2479) -3.1% -0.5% -14.8% -28.8% -27.1% 9%
JP Professional Services 1.6% 3.2% 17.1% 44.2% 116.9% 229%
JP Market -1.8% -1.1% 3.1% 10.5% 12.4% 24.9%
1 Year Return vs Industry and Market
  • 2479 underperformed the Professional Services industry which returned 44.2% over the past year.
  • 2479 underperformed the Market in Japan which returned 10.5% over the past year.
Price Volatility
2479
Industry
5yr Volatility vs Market

Value

 Is JTEC 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 JTEC 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 JTEC.

JASDAQ:2479 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in JPY ¥ 1.000000
Payout Ratio Company Filings (2019-09-30) 1097.6%
Discount Rate (Cost of Equity) See below 5.8%
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 JASDAQ:2479
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Professional Services Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.83 (1 + (1- 30.86%) (10.17%))
0.925
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.925 * 6.33%)
5.77%

Discounted Cash Flow Calculation for JASDAQ:2479 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for JTEC 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.

JASDAQ:2479 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥1 / (5.77% - -0.09%)
¥17.07
JASDAQ:2479 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥17.07
Current discount Discount to share price of ¥218.00
= -1 x (¥218.00 - ¥17.07) / ¥17.07
-1176.9%

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

  • The current share price of JTEC 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 JTEC's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are JTEC's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JASDAQ:2479 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥7.82
JASDAQ:2479 Share Price ** JASDAQ (2020-01-28) in JPY ¥218
Japan Professional Services Industry PE Ratio Median Figure of 81 Publicly-Listed Professional Services Companies 23.35x
Japan Market PE Ratio Median Figure of 3,078 Publicly-Listed Companies 15.74x

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

** Primary Listing of JTEC.

JASDAQ:2479 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JASDAQ:2479 Share Price ÷ EPS (both in JPY)

= 218 ÷ 7.82

27.88x

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

  • JTEC is overvalued based on earnings compared to the JP Professional Services industry average.
  • JTEC is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does JTEC's expected growth come at a high price?
Raw Data
JASDAQ:2479 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Professional Services Industry PEG Ratio Median Figure of 37 Publicly-Listed Professional Services Companies 1.8x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.83x

*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 JTEC, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on JTEC's assets?
Raw Data
JASDAQ:2479 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥106.31
JASDAQ:2479 Share Price * JASDAQ (2020-01-28) in JPY ¥218
Japan Professional Services Industry PB Ratio Median Figure of 86 Publicly-Listed Professional Services Companies 3.16x
Japan Market PB Ratio Median Figure of 3,547 Publicly-Listed Companies 1.14x
JASDAQ:2479 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JASDAQ:2479 Share Price ÷ Book Value per Share (both in JPY)

= 218 ÷ 106.31

2.05x

* Primary Listing of JTEC.

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

  • JTEC is good value based on assets compared to the JP Professional Services industry average.
X
Value checks
We assess JTEC'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 Professional Services 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 Professional Services industry average (and greater than 0)? (1 check)
  5. JTEC 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.

Future Performance

 How is JTEC 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 JTEC 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
15.8%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is JTEC expected to grow at an attractive rate?
  • Unable to compare JTEC's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare JTEC's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare JTEC's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JASDAQ:2479 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Japan Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 8.7%
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
JASDAQ:2479 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.
JASDAQ:2479 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JASDAQ:2479 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 3,113 18 67
2019-06-30 3,111 84
2019-03-31 3,125 232 91
2018-12-31 3,122 105
2018-09-30 3,061 124 82
2018-06-30 3,036 79
2018-03-31 3,054 108 33
2017-12-31 3,116 85
2017-09-30 3,163 125 58
2017-06-30 3,267 84
2017-03-31 3,330 122 89
2016-12-31 3,396 84

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if JTEC is high growth as no earnings estimate data is available.
  • Unable to determine if JTEC 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
JASDAQ:2479 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 JTEC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:2479 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JASDAQ:2479 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 7.82
2019-06-30 9.80
2019-03-31 10.62
2018-12-31 12.25
2018-09-30 9.57
2018-06-30 9.22
2018-03-31 3.85
2017-12-31 9.92
2017-09-30 6.77
2017-06-30 9.81
2017-03-31 10.40
2016-12-31 9.83

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

Next steps:

  1. Examine JTEC'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. JTEC'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 Commercial Services 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 JTEC'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.
JTEC has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

Past Performance

  How has JTEC 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 JTEC's growth in the last year to its industry (Professional Services).
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.
  • JTEC's year on year earnings growth rate has been positive over the past 5 years.
  • JTEC's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • JTEC's 1-year earnings growth is negative, it can't be compared to the JP Professional Services industry average.
Earnings and Revenue History
JTEC'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 JTEC Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:2479 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 3,113.00 67.00 688.00
2019-06-30 3,111.00 84.00 677.00
2019-03-31 3,125.00 91.00 661.00
2018-12-31 3,122.00 105.00 637.00
2018-09-30 3,061.00 82.00 632.00
2018-06-30 3,036.00 79.00 627.00
2018-03-31 3,054.00 33.00 626.00
2017-12-31 3,116.00 85.00 617.00
2017-09-30 3,163.00 58.00 631.00
2017-06-30 3,267.00 84.00 650.00
2017-03-31 3,330.00 89.00 667.00
2016-12-31 3,396.00 84.00 700.00
2016-09-30 3,413.00 80.00 711.00
2016-06-30 3,390.00 43.00 725.00
2016-03-31 3,356.00 47.00 739.00
2015-12-31 3,324.00 68.00 708.00
2015-09-30 3,331.00 97.00 695.00
2015-06-30 3,326.00 97.00 672.00
2015-03-31 3,348.00 57.00 661.00
2014-12-31 3,362.00 19.00 671.00
2014-09-30 3,379.00 4.00 670.00
2014-06-30 3,410.00 19.00 679.00
2014-03-31 3,405.00 65.00 676.00
2013-12-31 3,315.00 61.00 671.00
2013-09-30 3,270.00 61.00 672.00
2013-06-30 2,969.00 37.00 651.00
2013-03-31 2,690.00 47.00 623.00

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

Health

 How is JTEC'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 JTEC's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • JTEC is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • JTEC's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of JTEC'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 7.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from JTEC Company Filings, last reported 3 months ago.

JASDAQ:2479 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 911.00 190.00 1,009.00
2019-06-30 896.00 218.00 1,193.00
2019-03-31 902.00 244.00 1,202.00
2018-12-31 927.00 270.00 1,124.00
2018-09-30 874.00 297.00 1,139.00
2018-06-30 839.00 322.00 1,207.00
2018-03-31 832.00 349.00 1,095.00
2017-12-31 848.00 374.00 1,058.00
2017-09-30 799.00 400.00 1,126.00
2017-06-30 759.00 425.00 1,203.00
2017-03-31 803.00 451.00 1,116.00
2016-12-31 759.00 479.00 1,110.00
2016-09-30 741.00 557.00 1,186.00
2016-06-30 679.00 220.00 895.00
2016-03-31 695.00 154.00 700.00
2015-12-31 656.00 230.00 741.00
2015-09-30 643.00 170.00 687.00
2015-06-30 620.00 100.00 690.00
2015-03-31 647.00 148.00 774.00
2014-12-31 577.00 168.00 728.00
2014-09-30 532.00 119.00 648.00
2014-06-30 510.00 200.00 785.00
2014-03-31 538.00 140.00 646.00
2013-12-31 549.00 130.00 613.00
2013-09-30 521.00 74.00 514.00
2013-06-30 481.00 140.00 653.00
2013-03-31 504.00 78.00 532.00
  • JTEC's level of debt (20.9%) 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 (22.1% vs 20.9% 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 127x coverage).
X
Financial health checks
We assess JTEC'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. JTEC has a total score of 5/6, 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 JTEC'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
0.46%
Current annual income from JTEC dividends.
If you bought ¥2,000 of JTEC shares you are expected to receive ¥9 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?
  • JTEC's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • JTEC's dividend is below the markets top 25% of dividend payers in Japan (2.99%).
Upcoming dividend payment

Purchase JTEC 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
JASDAQ:2479 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 Professional Services Industry Average Dividend Yield Market Cap Weighted Average of 64 Stocks 1%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2975 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

JASDAQ:2479 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
JASDAQ:2479 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-10-31 1.000 0.446
2019-06-27 2.000 0.923
2019-05-10 2.000 0.892
2018-06-28 1.000 0.379
2018-05-08 1.000 0.431
2017-06-29 1.000 0.449
2017-05-09 1.000 0.426
2016-06-29 1.000 0.442
2016-05-09 1.000 0.498
2015-06-26 1.000 0.433
2015-05-08 1.000 0.333
2014-06-27 1.000 0.459
2014-05-07 1.000 0.476
2013-06-27 1.000 0.414
2013-05-07 1.000 0.320
2012-06-28 0.500 0.557
2012-05-07 0.500 0.660
2012-02-01 0.250 0.310
2011-11-01 0.250 0.450
2011-08-01 0.250 0.373
2011-06-29 0.250 0.328
2011-05-09 0.250 0.325
2010-02-12 0.000 0.000
2009-11-16 0.000 0.000
2009-11-09 0.000 0.000
2009-08-14 0.000 0.000
2009-08-06 0.000 0.000
2009-06-29 0.000 0.000

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

  • JTEC is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • JTEC is not paying a notable dividend for Japan, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of JTEC's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of JTEC's dividends as it is not paying a notable one for Japan.
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 JTEC'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 JTEC afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. JTEC has a total score of 0/6, 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 JTEC'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
Akira Fujimoto
AGE 65
TENURE AS CEO 8.6 years
CEO Bio

Mr. Akira Fujimoto has been the President of JTEC Corporation since June 2011 and served as its Corporate Adviser since June 2011. Mr. Fujimoto has beena Representative Director of JTEC Corporation since May 1997.

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

Average tenure and age of the JTEC management team in years:

8.6
Average Tenure
56
Average Age
  • The average tenure for the JTEC management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Akira Fujimoto

TITLE
President and Representative Director
AGE
65
TENURE
8.6 yrs

Motohide Kato

TITLE
General Manager of Operations Division
AGE
51
TENURE
9.8 yrs

Seiichiro Sano

TITLE
Managing Director
AGE
61

Daisuke Tozuka

TITLE
Chief of Internal Control Office
AGE
42
TENURE
8.6 yrs
Board of Directors Tenure

Average tenure and age of the JTEC board of directors in years:

6.6
Average Tenure
65
Average Age
  • The tenure for the JTEC board of directors is about average.
Board of Directors

Jae Choi

TITLE
Director
AGE
46
TENURE
5.6 yrs

Akira Fujimoto

TITLE
President and Representative Director
AGE
65
TENURE
22.7 yrs

Takashi Saito

TITLE
External Director
AGE
41
TENURE
4.6 yrs

Yasuo Kogai

TITLE
Standing Corporate Auditor
AGE
71
TENURE
9.6 yrs

Shunsuke Yamada

TITLE
External Standing Corporate Auditor
AGE
77
TENURE
17.6 yrs

Yasuhito Ono

TITLE
External Auditor
AGE
48
TENURE
6.6 yrs

Toshihiko Akuta

TITLE
External Auditor
AGE
75
TENURE
4.6 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 JTEC'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. JTEC 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

JTEC Corporation engages in technical intellectual property leasing business in Japan and internationally. It offers machinery design and development, electrical and electronic design and development, and employment placement services. The company also engages in the software development, including embedded system software, packaged software, open system, smartphone application, general-purpose machine system, cloud system, communication network, and Web system. In addition, it is involved in the development of integrated core system for business management; Web application development; and Web site construction and other activities. Further, the company offers various technical, technical training, and consulting services. JTEC Corporation was founded in 1996 and is headquartered in Tokyo, Japan.

Details
Name: JTEC Corporation
2479
Exchange: JASDAQ
Founded: 1996
¥1,868,172,800
8,569,600
Website: http://www.j-tec-cor.co.jp
Address: JTEC Corporation
KPP Yaesu Building,
10th Floor,
Tokyo,
104-0031,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JASDAQ 2479 Common Stock TSE JASDAQ JP JPY 04. Apr 2006
Number of employees
Current staff
Staff numbers
385
JTEC employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 15:35
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2019/05/10
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.