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ArtnerLtd

TSE:2163
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2163
TSE
¥7B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

Artner Co.,Ltd. provides worker dispatching and employment placement services in Japan. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • ArtnerLtd has significant price volatility in the past 3 months.
2163 Share Price and Events
7 Day Returns
8.9%
TSE:2163
20.8%
JP Professional Services
13.5%
JP Market
1 Year Returns
-32.3%
TSE:2163
-12.3%
JP Professional Services
-8.2%
JP Market
2163 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ArtnerLtd (2163) 8.9% -7.1% -23.5% -32.3% -9.6% 134.5%
JP Professional Services 20.8% -22.6% -29.5% -12.3% 32.9% 102.2%
JP Market 13.5% -7.4% -15.9% -8.2% -3.2% -3.9%
1 Year Return vs Industry and Market
  • 2163 underperformed the Professional Services industry which returned -12.3% over the past year.
  • 2163 underperformed the Market in Japan which returned -8.2% over the past year.
Price Volatility
2163
Industry
5yr Volatility vs Market

2163 Value

 Is ArtnerLtd 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 ArtnerLtd 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 ArtnerLtd.

TSE:2163 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 5.3%
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:2163
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 0.79
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.787 (1 + (1- 30.86%) (0%))
0.857
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.857 * 6.33%)
5.34%

Discounted Cash Flow Calculation for TSE:2163 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ArtnerLtd 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:2163 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.34%)
2020 535.30 Est @ -2.87% 508.17
2021 524.41 Est @ -2.03% 472.62
2022 516.81 Est @ -1.45% 442.16
2023 511.42 Est @ -1.04% 415.38
2024 507.55 Est @ -0.76% 391.35
2025 504.73 Est @ -0.56% 369.45
2026 502.63 Est @ -0.42% 349.27
2027 501.02 Est @ -0.32% 330.52
2028 499.77 Est @ -0.25% 312.99
2029 498.76 Est @ -0.2% 296.53
Present value of next 10 years cash flows ¥3,888.00
TSE:2163 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥498.76 × (1 + -0.09%) ÷ (5.34% – -0.09%)
¥9,181.37
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥9,181.37 ÷ (1 + 5.34%)10
¥5,458.58
TSE:2163 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥3,888.00 + ¥5,458.58
¥9,346.58
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥9,346.58 / 10.63
¥879.44
TSE:2163 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥879.44
Current discount Discount to share price of ¥615.00
= -1 x (¥615.00 - ¥879.44) / ¥879.44
30.1%

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

Current Discount
Amount off the current price ArtnerLtd is available for.
Intrinsic value
30%
Share price is ¥615 vs Future cash flow value of ¥879.44
Current Discount Checks
For ArtnerLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ArtnerLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ArtnerLtd's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ArtnerLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ArtnerLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:2163 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in JPY ¥57.69
TSE:2163 Share Price ** TSE (2020-03-27) in JPY ¥615
Japan Professional Services Industry PE Ratio Median Figure of 81 Publicly-Listed Professional Services Companies 13.54x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 12.77x

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

** Primary Listing of ArtnerLtd.

TSE:2163 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2163 Share Price ÷ EPS (both in JPY)

= 615 ÷ 57.69

10.66x

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

  • ArtnerLtd is good value based on earnings compared to the JP Professional Services industry average.
  • ArtnerLtd is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does ArtnerLtd's expected growth come at a high price?
Raw Data
TSE:2163 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.66x
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 39 Publicly-Listed Professional Services Companies 1.4x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.4x

*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 ArtnerLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ArtnerLtd's assets?
Raw Data
TSE:2163 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in JPY ¥256.64
TSE:2163 Share Price * TSE (2020-03-27) in JPY ¥615
Japan Professional Services Industry PB Ratio Median Figure of 88 Publicly-Listed Professional Services Companies 1.89x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.89x
TSE:2163 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2163 Share Price ÷ Book Value per Share (both in JPY)

= 615 ÷ 256.64

2.4x

* Primary Listing of ArtnerLtd.

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

  • ArtnerLtd is overvalued based on assets compared to the JP Professional Services industry average.
X
Value checks
We assess ArtnerLtd'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. ArtnerLtd has a total score of 3/6, 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.

2163 Future Performance

 How is ArtnerLtd 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 ArtnerLtd 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
15.5%
Expected Professional Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ArtnerLtd expected to grow at an attractive rate?
  • Unable to compare ArtnerLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ArtnerLtd's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare ArtnerLtd's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:2163 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Professional Services Industry Earnings Growth Rate Market Cap Weighted Average 15.5%
Japan Professional Services Industry Revenue Growth Rate Market Cap Weighted Average 8.4%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
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
TSE:2163 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:2163 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2020-01-31 7,002 591 613
2019-10-31 6,781 610 606
2019-07-31 6,629 548 563
2019-04-30 6,450 580 522
2019-01-31 6,331 612 540
2018-10-31 6,193 487 552
2018-07-31 6,020 494 499
2018-04-30 5,882 518 486
2018-01-31 5,765 471 480
2017-10-31 5,598 504 430
2017-07-31 5,419 373 420
2017-04-30 5,259 377 383

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ArtnerLtd is high growth as no earnings estimate data is available.
  • Unable to determine if ArtnerLtd 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:2163 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

TSE:2163 Past Financials Data
Date (Data in JPY Millions) EPS *
2020-01-31 57.69
2019-10-31 57.03
2019-07-31 52.99
2019-04-30 49.13
2019-01-31 50.82
2018-10-31 103.90
2018-07-31 93.92
2018-04-30 91.48
2018-01-31 90.35
2017-10-31 80.93
2017-07-31 79.05
2017-04-30 72.09

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

Next steps:

  1. Examine whether ArtnerLtd is trading at ArtnerLtd'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. ArtnerLtd'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 ArtnerLtd'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.
ArtnerLtd 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.

2163 Past Performance

  How has ArtnerLtd 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 ArtnerLtd'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.
  • ArtnerLtd's year on year earnings growth rate has been positive over the past 5 years.
  • ArtnerLtd's 1-year earnings growth is less than its 5-year average (13.5% vs 19.1%)
  • ArtnerLtd's earnings growth has exceeded the JP Professional Services industry average in the past year (13.5% vs 13.2%).
Earnings and Revenue History
ArtnerLtd'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 ArtnerLtd Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:2163 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 7,002.00 613.00 1,654.00
2019-10-31 6,781.00 606.00 1,604.00
2019-07-31 6,629.00 563.00 1,585.00
2019-04-30 6,450.00 522.00 1,562.00
2019-01-31 6,331.00 540.00 1,497.00
2018-10-31 6,193.00 552.00 1,440.00
2018-07-31 6,020.00 499.00 1,421.00
2018-04-30 5,882.00 486.00 1,365.00
2018-01-31 5,765.00 480.00 1,344.00
2017-10-31 5,598.00 430.00 1,338.00
2017-07-31 5,419.00 420.00 1,318.00
2017-04-30 5,259.00 383.00 1,285.00
2017-01-31 5,153.00 363.00 1,238.00
2016-10-31 5,026.00 322.00 1,224.00
2016-07-31 4,951.00 290.00 1,187.00
2016-04-30 4,874.00 296.00 1,156.00
2016-01-31 4,761.00 276.00 1,139.00
2015-10-31 4,669.00 316.00 1,114.00
2015-07-31 4,546.00 301.00 1,102.00
2015-04-30 4,442.00 251.00 1,086.00
2015-01-31 4,287.00 210.00 1,073.00
2014-10-31 4,178.00 153.00 1,057.00
2014-07-31 4,058.00 157.00 1,056.00
2014-04-30 3,922.00 159.00 1,054.00
2014-01-31 3,856.00 118.00 1,041.00
2013-10-31 3,834.00 98.00 1,063.00
2013-07-31 3,875.00 75.00 1,060.00
2013-04-30 3,988.00 217.00 1,011.00

*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.
  • ArtnerLtd has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • ArtnerLtd used its assets more efficiently than the JP Professional Services industry average last year based on Return on Assets.
  • ArtnerLtd's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ArtnerLtd'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.
ArtnerLtd has a total score of 4/6, 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.

2163 Health

 How is ArtnerLtd'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 ArtnerLtd's finances.

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

TSE:2163 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 2,727.00 0.00 2,383.00
2019-10-31 2,603.00 0.00 2,203.00
2019-07-31 2,520.00 0.00 2,069.00
2019-04-30 2,346.00 0.00 2,129.00
2019-01-31 2,333.00 0.00 2,050.00
2018-10-31 2,213.00 0.00 1,869.00
2018-07-31 2,149.00 0.00 1,769.00
2018-04-30 2,015.00 0.00 1,802.00
2018-01-31 1,963.00 0.00 1,683.00
2017-10-31 1,831.00 0.00 1,606.00
2017-07-31 1,806.00 0.00 1,480.00
2017-04-30 1,686.00 0.00 1,476.00
2017-01-31 1,616.00 0.00 1,372.00
2016-10-31 1,533.00 0.00 1,265.00
2016-07-31 1,504.00 0.00 1,253.00
2016-04-30 1,421.00 0.00 1,240.00
2016-01-31 1,357.00 0.00 1,301.00
2015-10-31 1,316.00 0.00 1,181.00
2015-07-31 1,306.00 0.00 974.00
2015-04-30 1,216.00 0.00 917.00
2015-01-31 1,152.00 0.00 1,076.00
2014-10-31 1,072.00 7.00 910.00
2014-07-31 1,062.00 20.00 790.00
2014-04-30 1,022.00 42.00 753.00
2014-01-31 995.00 70.00 703.00
2013-10-31 971.00 102.00 693.00
2013-07-31 957.00 137.00 717.00
2013-04-30 916.00 174.00 787.00
  • ArtnerLtd has no debt.
  • ArtnerLtd currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • ArtnerLtd has no debt, it does not need to be covered by operating cash flow.
  • ArtnerLtd has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ArtnerLtd'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. ArtnerLtd 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.

2163 Dividends

 What is ArtnerLtd'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%
Current annual income from ArtnerLtd dividends.
If you bought ¥2,000 of ArtnerLtd shares you are expected to receive ¥0 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?
  • Unable to evaluate ArtnerLtd's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ArtnerLtd's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:2163 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 68 Stocks 1.5%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2985 Stocks 2.7%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.9%
Japan Bottom 25% Dividend Yield 25th Percentile 1.6%
Japan Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

TSE:2163 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2012-04-26 5.000 3.677
2012-03-14 5.000 4.954
2011-12-09 5.000 5.381
2011-12-07 5.000 5.182
2011-09-09 5.000 5.407
2011-06-08 5.000 5.178
2011-04-22 5.000 6.504
2011-03-15 5.000 7.028
2010-12-14 0.000 0.000
2010-12-10 0.000 0.000
2010-09-10 0.000 0.000
2010-09-03 0.000 0.000
2010-06-15 0.000 0.000
2010-06-03 0.000 0.000
2010-04-23 0.000 0.000
2010-03-12 0.000 0.000
2009-04-24 6.667 9.466

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

  • Unable to perform a dividend volatility check as ArtnerLtd has not reported any payouts.
  • Unable to verify if ArtnerLtd's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ArtnerLtd's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ArtnerLtd has not reported any payouts.
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 ArtnerLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 ArtnerLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ArtnerLtd 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.

2163 Management

 What is the CEO of ArtnerLtd'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
Sozo Sekiguchi
AGE 55
TENURE AS CEO 18 years
CEO Bio

Mr. Sozo Sekiguchi has been the President of Artner Company Ltd. since February 2002. Mr.Sekiguchi served as its General Manager of Hyper Artner Division since February 2012. He served as Manager of Hyper Artner Business Division of Artner Company Ltd. since February 2012. Mr. Sekiguchi Joined K.K. Osaka Technology Center (currently Artner Co., Ltd.) since April 1988, Chief, Corporate Planning Officer since March 1993 and a Director and Vice President since February 1998. He has been a Representative Director of Artner Company Ltd. since February 2002. He served as a Director of Artner Co., Ltd.

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

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

11.8
Average Tenure
61
Average Age
  • The average tenure for the ArtnerLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Sozo Sekiguchi

TITLE
President and Representative Director
AGE
55
TENURE
18 yrs

Tomonori Harigae

TITLE
General Manager of Administration Division and Director
AGE
65
TENURE
11.8 yrs

Yoji Egami

TITLE
General Manager of Human Resources Division and Director
AGE
61
TENURE
4.1 yrs

Kazuya Okusaka

TITLE
General Manager of Engineering Business Division and Director
AGE
64
TENURE
4.1 yrs

So Sato

TITLE
General Manager of Corporate Strategy Division and Director
AGE
46
TENURE
12.9 yrs
Board of Directors Tenure

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

10.4
Average Tenure
64
Average Age
  • The average tenure for the ArtnerLtd board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Sozo Sekiguchi

TITLE
President and Representative Director
AGE
55
TENURE
18 yrs

Tomonori Harigae

TITLE
General Manager of Administration Division and Director
AGE
65
TENURE
11.8 yrs

Yoji Egami

TITLE
General Manager of Human Resources Division and Director
AGE
61
TENURE
12.9 yrs

Kazuya Okusaka

TITLE
General Manager of Engineering Business Division and Director
AGE
64
TENURE
8.9 yrs

So Sato

TITLE
General Manager of Corporate Strategy Division and Director
AGE
46
TENURE
4.9 yrs

Takaaki Mitani

TITLE
External Standing Corporate Auditor
AGE
69
TENURE
8.9 yrs

Hiroki Kanai

TITLE
External Auditor
AGE
64
TENURE
12.9 yrs

Kozaburo Fukumuro

TITLE
External Auditor
AGE
71
TENURE
8.9 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 ArtnerLtd'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. ArtnerLtd 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.

2163 News

Simply Wall St News

2163 Company Info

Description

Artner Co.,Ltd. provides worker dispatching and employment placement services in Japan. The company is also involved in the design and development of machinery, electronic devices, and electric circuits; and development of software. It serves engineers and corporate clients. Artner Co.,Ltd. was founded in 1962 and is headquartered in Yokohama, Japan.

Details
Name: Artner Co.,Ltd.
2163
Exchange: TSE
Founded: 1962
¥6,536,170,800
10,627,920
Website: http://www.artner.co.jp
Address: Artner Co.,Ltd.
Sumitomo Fudosan Realty & Development Shin-Yokohama Building,
5th Floor,
Yokohama,
Kanagawa, 222-0033,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2163 Common Stock The Tokyo Stock Exchange JP JPY 26. Oct 2007
Number of employees
Current staff
Staff numbers
881
ArtnerLtd employees.
Industry
Human Resource and Employment Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 16:09
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/03/13
Last earnings reported: 2020/01/31
Last annual earnings reported: 2020/01/31


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.