Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

AJIS

JASDAQ:4659
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4659
JASDAQ
¥17B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

AJIS Co., Ltd. provides inventory and other retail support services in Asia. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • AJIS has significant price volatility in the past 3 months.
4659 Share Price and Events
7 Day Returns
-4.9%
JASDAQ:4659
-9%
JP Commercial Services
-8.9%
JP Market
1 Year Returns
-43.2%
JASDAQ:4659
-15.8%
JP Commercial Services
-17.9%
JP Market
4659 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AJIS (4659) -4.9% -25.7% -38% -43.2% -16.7% 89.2%
JP Commercial Services -9% -10.6% -24.7% -15.8% -9.1% -7.6%
JP Market -8.9% -12.1% -22.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 4659 underperformed the Commercial Services industry which returned -15.8% over the past year.
  • 4659 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
4659
Industry
5yr Volatility vs Market

Value

 Is AJIS 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 AJIS 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 AJIS.

JASDAQ:4659 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 5%
Perpetual Growth Rate 10-Year JP Government Bond Rate -0.1%

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

Calculation of Discount Rate/ Cost of Equity for JASDAQ:4659
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.594 (1 + (1- 30.86%) (0.42%))
0.729
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.8 * 6.33%)
4.97%

Discounted Cash Flow Calculation for JASDAQ:4659 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AJIS 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.

JASDAQ:4659 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 4.97%)
2020 2,893.53 Est @ 1.82% 2,756.43
2021 2,929.54 Est @ 1.24% 2,658.49
2022 2,954.27 Est @ 0.84% 2,553.90
2023 2,970.92 Est @ 0.56% 2,446.61
2024 2,981.85 Est @ 0.37% 2,339.25
2025 2,988.72 Est @ 0.23% 2,233.54
2026 2,992.73 Est @ 0.13% 2,130.57
2027 2,994.74 Est @ 0.07% 2,030.98
2028 2,995.33 Est @ 0.02% 1,935.13
2029 2,994.94 Est @ -0.01% 1,843.19
Present value of next 10 years cash flows ¥22,928.00
JASDAQ:4659 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,994.94 × (1 + -0.09%) ÷ (4.97% – -0.09%)
¥59,088.58
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥59,088.58 ÷ (1 + 4.97%)10
¥36,365.21
JASDAQ:4659 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥22,928.00 + ¥36,365.21
¥59,293.21
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥59,293.21 / 8.41
¥7051.33
JASDAQ:4659 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥7,051.33
Current discount Discount to share price of ¥1,987.00
= -1 x (¥1,987.00 - ¥7,051.33) / ¥7,051.33
71.8%

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

Current Discount
Amount off the current price AJIS is available for.
Intrinsic value
>50%
Share price is ¥1987 vs Future cash flow value of ¥7051.33
Current Discount Checks
For AJIS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AJIS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • AJIS's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AJIS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AJIS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JASDAQ:4659 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥331.99
JASDAQ:4659 Share Price ** JASDAQ (2020-04-03) in JPY ¥1987
Japan Commercial Services Industry PE Ratio Median Figure of 111 Publicly-Listed Commercial Services Companies 11.96x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 11.52x

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

** Primary Listing of AJIS.

JASDAQ:4659 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JASDAQ:4659 Share Price ÷ EPS (both in JPY)

= 1987 ÷ 331.99

5.99x

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

  • AJIS is good value based on earnings compared to the JP Commercial Services industry average.
  • AJIS is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does AJIS's expected growth come at a high price?
Raw Data
JASDAQ:4659 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
4%per year
Japan Commercial Services Industry PEG Ratio Median Figure of 31 Publicly-Listed Commercial Services Companies 1.3x
Japan Market PEG Ratio Median Figure of 1,282 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

JASDAQ:4659 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.99x ÷ 4%

1.48x

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

  • AJIS is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AJIS's assets?
Raw Data
JASDAQ:4659 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥1,816.19
JASDAQ:4659 Share Price * JASDAQ (2020-04-03) in JPY ¥1987
Japan Commercial Services Industry PB Ratio Median Figure of 129 Publicly-Listed Commercial Services Companies 0.76x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x
JASDAQ:4659 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JASDAQ:4659 Share Price ÷ Book Value per Share (both in JPY)

= 1987 ÷ 1,816.19

1.09x

* Primary Listing of AJIS.

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

  • AJIS is overvalued based on assets compared to the JP Commercial Services industry average.
X
Value checks
We assess AJIS'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 Commercial 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. AJIS has a total score of 4/6, 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 AJIS 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
4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AJIS expected to grow at an attractive rate?
  • AJIS's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • AJIS's earnings growth is positive but not above the Japan market average.
  • AJIS's revenue growth is positive but not above the Japan market average.
Annual Growth Rates Comparison
Raw Data
JASDAQ:4659 Future Growth Rates Data Sources
Data Point Source Value (per year)
JASDAQ:4659 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 4%
JASDAQ:4659 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 2.3%
Japan Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Japan Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*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:4659 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months 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.
JASDAQ:4659 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 29,700 3,410 3,030 1
2021-03-31 29,000 3,280 2,900 1
2020-03-31 28,300 3,140 2,760 1
JASDAQ:4659 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 28,250 2,793
2019-09-30 27,744 3,318 2,638
2019-06-30 27,871 2,701
2019-03-31 27,669 3,150 2,634
2018-12-31 27,379 2,561
2018-09-30 27,246 2,803 2,451
2018-06-30 27,070 2,305
2018-03-31 26,870 2,972 2,237
2017-12-31 26,728 2,174
2017-09-30 26,171 2,494 2,083
2017-06-30 26,041 2,033
2017-03-31 25,829 2,095 2,125

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AJIS's earnings are expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
  • AJIS's revenue is expected to grow by 2.3% 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
JASDAQ:4659 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 1 Analyst Estimates (S&P Global) See Below

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

JASDAQ:4659 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 360.30 360.30 360.30 1.00
2021-03-31 344.90 344.90 344.90 1.00
2020-03-31 328.20 328.20 328.20 1.00
JASDAQ:4659 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 331.99
2019-09-30 312.11
2019-06-30 315.85
2019-03-31 304.45
2018-12-31 292.84
2018-09-30 278.35
2018-06-30 261.77
2018-03-31 254.04
2017-12-31 246.89
2017-09-30 236.55
2017-06-30 230.87
2017-03-31 241.32

*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 AJIS will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess AJIS'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.
AJIS has a total score of 1/6, 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 AJIS 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 AJIS's growth in the last year to its industry (Commercial 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.
  • AJIS's year on year earnings growth rate has been positive over the past 5 years.
  • AJIS's 1-year earnings growth is less than its 5-year average (9.1% vs 17.9%)
  • AJIS's earnings growth has exceeded the JP Commercial Services industry average in the past year (9.1% vs 7.8%).
Earnings and Revenue History
AJIS'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 AJIS Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:4659 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 28,250.00 2,793.00 4,621.00
2019-09-30 27,744.00 2,638.00 4,671.00
2019-06-30 27,871.00 2,701.00 4,631.00
2019-03-31 27,669.00 2,634.00 4,623.00
2018-12-31 27,379.00 2,561.00 4,483.00
2018-09-30 27,246.00 2,451.00 4,435.00
2018-06-30 27,070.00 2,305.00 4,333.00
2018-03-31 26,870.00 2,237.00 4,216.00
2017-12-31 26,728.00 2,174.00 3,487.00
2017-09-30 26,171.00 2,083.00 3,578.00
2017-06-30 26,041.00 2,033.00 3,714.00
2017-03-31 25,829.00 2,125.00 3,813.00
2016-12-31 25,649.00 2,068.00 4,629.00
2016-09-30 25,067.00 2,025.00 4,468.00
2016-06-30 24,591.00 1,941.00 4,310.00
2016-03-31 23,835.00 1,765.00 4,221.00
2015-12-31 23,382.00 1,422.00 4,031.00
2015-09-30 22,854.00 1,277.00 3,986.00
2015-06-30 22,450.00 1,147.00 3,893.00
2015-03-31 21,829.00 932.00 3,774.00
2014-12-31 21,475.00 850.00 3,716.00
2014-09-30 21,025.00 722.00 3,688.00
2014-06-30 20,751.00 617.00 3,650.00
2014-03-31 20,520.00 592.00 3,607.00
2013-12-31 20,091.00 612.00 3,499.00
2013-09-30 19,589.00 597.00 3,382.00
2013-06-30 19,238.00 489.00 3,329.00

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

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AJIS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AJIS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of AJIS'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 178.5x 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 AJIS Company Filings, last reported 3 months ago.

JASDAQ:4659 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 15,507.00 71.00 9,653.00
2019-09-30 15,078.00 72.00 9,607.00
2019-06-30 14,167.00 90.00 8,802.00
2019-03-31 14,426.00 101.00 9,152.00
2018-12-31 13,287.00 102.00 7,945.00
2018-09-30 14,300.00 102.00 8,860.00
2018-06-30 13,282.00 95.00 8,191.00
2018-03-31 13,599.00 96.00 8,690.00
2017-12-31 12,468.00 114.00 7,342.00
2017-09-30 12,250.00 92.00 7,854.00
2017-06-30 11,378.00 92.00 7,228.00
2017-03-31 11,592.00 92.00 7,247.00
2016-12-31 10,524.00 89.00 6,276.00
2016-09-30 10,430.00 89.00 6,374.00
2016-06-30 9,651.00 91.00 5,861.00
2016-03-31 9,582.00 93.00 5,512.00
2015-12-31 8,686.00 93.00 3,994.00
2015-09-30 9,573.00 85.00 5,437.00
2015-06-30 8,884.00 85.00 4,778.00
2015-03-31 9,005.00 91.00 5,269.00
2014-12-31 8,497.00 89.00 4,996.00
2014-09-30 8,582.00 51.00 4,850.00
2014-06-30 8,006.00 69.00 4,673.00
2014-03-31 8,370.00 107.00 5,245.00
2013-12-31 7,930.00 114.00 4,868.00
2013-09-30 8,165.00 146.00 5,214.00
2013-06-30 7,676.00 219.00 5,033.00
  • AJIS's level of debt (0.5%) 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 (0.9% vs 0.5% today).
  • Debt is well covered by operating cash flow (4673.2%, greater than 20% of total debt).
  • AJIS earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess AJIS'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. AJIS 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 AJIS'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
3.52%
Current annual income from AJIS dividends. Estimated to be 3.7% next year.
If you bought ¥2,000 of AJIS shares you are expected to receive ¥70 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?
  • AJIS's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.81%).
  • AJIS's dividend is below the markets top 25% of dividend payers in Japan (4.2%).
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:4659 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 111 Stocks 2.4%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2988 Stocks 3%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.8%
Japan Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

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

JASDAQ:4659 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 75.00 1.00
2021-03-31 72.00 1.00
2020-03-31 70.00 1.00
JASDAQ:4659 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 70.000 2.355
2019-05-15 70.000 2.160
2018-06-28 55.000 1.660
2018-05-14 55.000 1.448
2017-06-29 45.000 1.669
2017-05-10 45.000 2.050
2016-06-29 40.000 1.545
2016-05-10 40.000 1.717
2015-06-26 22.500 1.260
2015-05-08 22.500 1.773
2014-06-27 22.500 2.459
2014-05-08 22.500 2.907
2013-06-27 22.500 3.119
2013-05-09 22.500 3.406
2012-07-30 22.500 4.121
2012-06-28 22.500 3.986
2012-05-10 22.500 3.952
2012-01-27 22.500 3.708
2011-10-27 22.500 3.804
2011-07-29 22.500 3.723
2011-06-29 22.500 3.482
2011-05-10 22.500 3.785
2011-01-28 22.500 3.391
2010-06-29 22.500 3.433
2010-05-10 22.500 3.073
2009-07-30 22.500 2.665
2009-06-26 22.500 2.177

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of AJIS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.1x 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 AJIS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 AJIS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AJIS 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 AJIS'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
Akio Saito
AGE 52
TENURE AS CEO 14 years
CEO Bio

Mr. Akio Saito has been the President of Ajis Co., Ltd. since April 2006 and served as its Chief Executive Officer. Mr. Saito joined Ajis Co., Ltd. in February 1995, served as its Director and Manager, President's Office since June 1996; Manager, Daini (2nd) Kanagawa Sales Office since April 1997; Director; Manager, Systems Development Division; Manager, Yokohama Sales Office since April 1998; Director; Manager, Systems Development Division; Manager, Business Planning Office since April 1999; Director; Manager, Business Planning Office; Assistant Manager, Finance and Accounting Division since April 2000; Director and Manager, Large-scale Retail Store Operations Division since April 2001; Managing Director and Manager, Large-scale Retail Store Operations Division since June 2001; Senior Managing Director and In-charge, Operations Division since July 2003. Mr. Saito served as a Senior Managing Director of Ajis Co., Ltd. since April 2004. Mr. Saito joined Joseph Jay Mascolino and Associates Incorporation in January 1994. Mr. Saito has been a Representative Director of Ajis Co., Ltd. since June 1996.

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

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

5
Average Tenure
54
Average Age
  • The average tenure for the AJIS management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Akio Saito

TITLE
President and Representative Director
AGE
52
TENURE
14 yrs

Hiroyuki Yamane

TITLE
General Manager of Administrative Division and Director
AGE
55
TENURE
6 yrs

Kazuto Takahashi

TITLE
MD, GM - Mktg Division
AGE
54
TENURE
4 yrs

Hisanari Fukuda

TITLE
Chief of D.O. Support Office
AGE
45
TENURE
5 yrs

Tadao Takenoshita

TITLE
General Manager of Overseas Business Division
AGE
62
TENURE
5 yrs
Board of Directors Tenure

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

12.8
Average Tenure
55
Average Age
  • The average tenure for the AJIS board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Akio Saito

TITLE
President and Representative Director
AGE
52
TENURE
23.8 yrs

Hiroyuki Yamane

TITLE
General Manager of Administrative Division and Director
AGE
55
TENURE
12.8 yrs

Kazuto Takahashi

TITLE
MD, GM - Mktg Division
AGE
54
TENURE
16.8 yrs

Hisanari Fukuda

TITLE
Chief of D.O. Support Office
AGE
45
TENURE
7.8 yrs

Tadao Takenoshita

TITLE
General Manager of Overseas Business Division
AGE
62
TENURE
16.8 yrs

Kazuhiro Mori

TITLE
External Director
AGE
78
TENURE
11.8 yrs

Yukio Suzuki

TITLE
AGE
81
TENURE
21.8 yrs

Yasuyoshi Mashiko

TITLE
Standing Corporate Auditor
AGE
66
TENURE
9.8 yrs

Shigeki Funabashi

TITLE
External Auditor
AGE
54
TENURE
6.8 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 AJIS'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. AJIS 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

AJIS Co., Ltd. provides inventory and other retail support services in Asia. The company’s retail support services include physical inventory services, such as store inventory, logistics warehouse inventory, collection inspection, asset inventory, and loss prevention services; and merchandising, research, and consulting services. AJIS Co., Ltd. was founded in 1978 and is based in Chiba, Japan.

Details
Name: AJIS Co., Ltd.
4659
Exchange: JASDAQ
Founded: 1978
¥16,708,283,613
8,408,799
Website: http://www.ajis.jp
Address: AJIS Co., Ltd.
4-544-4 Makuhari-cho,
Hanamigawa-ku,
Chiba,
Chiba, 262-0032,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JASDAQ 4659 Common Stock TSE JASDAQ JP JPY 02. Dec 1996
OTCPK AJIS.F Common Stock Pink Sheets LLC US USD 02. Dec 1996
Number of employees
Current staff
Staff numbers
780
AJIS employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 15:28
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/02/13
Last earnings filing: 2020/02/10
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.