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Maruhachi Warehouse Company

TSE:9313
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9313
TSE
¥4B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

Maruhachi Warehouse Company, Limited operates as a logistics company in Japan. The last earnings update was 65 days ago. More info.


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9313 Share Price and Events
7 Day Returns
0.8%
TSE:9313
1.2%
JP Commercial Services
0.7%
JP Market
1 Year Returns
-4.9%
TSE:9313
9.1%
JP Commercial Services
9.4%
JP Market
9313 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maruhachi Warehouse Company (9313) 0.8% -2.1% 2% -4.9% -17.8% 5.5%
JP Commercial Services 1.2% 3% 11.5% 9.1% 16.1% 50.5%
JP Market 0.7% 1.4% 9.1% 9.4% 13.8% 30.3%
1 Year Return vs Industry and Market
  • 9313 underperformed the Commercial Services industry which returned 9.1% over the past year.
  • 9313 underperformed the Market in Japan which returned 9.4% over the past year.
Price Volatility
9313
Industry
5yr Volatility vs Market

Value

 Is Maruhachi Warehouse Company undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Maruhachi Warehouse Company to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Maruhachi Warehouse Company.

TSE:9313 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-08-31) in JPY ¥ 16.000000
Payout Ratio Company Filings (2019-08-31) 2411.6%
Discount Rate (Cost of Equity) See below 6.9%
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:9313
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 0.67
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.668 (1 + (1- 30.86%) (108.09%))
1.112
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.112 * 6.33%)
6.95%

Discounted Cash Flow Calculation for TSE:9313 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Maruhachi Warehouse Company 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.

TSE:9313 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥16 / (6.95% - -0.09%)
¥227.28
TSE:9313 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥227.28
Current discount Discount to share price of ¥732.00
= -1 x (¥732.00 - ¥227.28) / ¥227.28
-222.1%

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

  • The current share price of Maruhachi Warehouse Company is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Maruhachi Warehouse Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maruhachi Warehouse Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9313 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-08-31) in JPY ¥87.77
TSE:9313 Share Price ** TSE (2019-12-10) in JPY ¥732
Japan Commercial Services Industry PE Ratio Median Figure of 106 Publicly-Listed Commercial Services Companies 18.36x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 15.61x

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

** Primary Listing of Maruhachi Warehouse Company.

TSE:9313 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9313 Share Price ÷ EPS (both in JPY)

= 732 ÷ 87.77

8.34x

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

  • Maruhachi Warehouse Company is good value based on earnings compared to the JP Commercial Services industry average.
  • Maruhachi Warehouse Company is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Maruhachi Warehouse Company's expected growth come at a high price?
Raw Data
TSE:9313 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.34x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Commercial Services Industry PEG Ratio Median Figure of 38 Publicly-Listed Commercial Services Companies 2.04x
Japan Market PEG Ratio Median Figure of 1,367 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Maruhachi Warehouse Company, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maruhachi Warehouse Company's assets?
Raw Data
TSE:9313 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-08-31) in JPY ¥1,598.77
TSE:9313 Share Price * TSE (2019-12-10) in JPY ¥732
Japan Commercial Services Industry PB Ratio Median Figure of 123 Publicly-Listed Commercial Services Companies 1.14x
Japan Market PB Ratio Median Figure of 3,528 Publicly-Listed Companies 1.14x
TSE:9313 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9313 Share Price ÷ Book Value per Share (both in JPY)

= 732 ÷ 1,598.77

0.46x

* Primary Listing of Maruhachi Warehouse Company.

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

  • Maruhachi Warehouse Company is good value based on assets compared to the JP Commercial Services industry average.
X
Value checks
We assess Maruhachi Warehouse Company's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the 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. Maruhachi Warehouse Company 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.

Future Performance

 How is Maruhachi Warehouse Company expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Maruhachi Warehouse Company has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

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

Show me the analysis anyway

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.4%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maruhachi Warehouse Company expected to grow at an attractive rate?
  • Unable to compare Maruhachi Warehouse Company's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Maruhachi Warehouse Company's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Maruhachi Warehouse Company's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:9313 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 5.4%
Japan Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSE:9313 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.
TSE:9313 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:9313 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-08-31 5,098 512
2019-05-31 5,138 1,225 498
2019-02-28 5,108 438
2018-11-30 4,995 467 381
2018-08-31 4,859 269
2018-05-31 4,737 312 229
2018-02-28 4,670 253
2017-11-30 4,675 435 482
2017-08-31 4,732 593
2017-05-31 4,793 486 617
2017-02-28 4,867 678
2016-11-30 4,907 878 480

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Maruhachi Warehouse Company is high growth as no earnings estimate data is available.
  • Unable to determine if Maruhachi Warehouse Company is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:9313 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 Maruhachi Warehouse Company Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9313 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:9313 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-08-31 87.77
2019-05-31 85.37
2019-02-28 75.09
2018-11-30 65.32
2018-08-31 43.43
2018-05-31 34.92
2018-02-28 36.55
2017-11-30 66.16
2017-08-31 81.35
2017-05-31 84.64
2017-02-28 93.01
2016-11-30 65.85

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

Next steps:

  1. Examine whether Maruhachi Warehouse Company is trading at Maruhachi Warehouse Company'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. Maruhachi Warehouse Company's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth 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 Maruhachi Warehouse Company's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Japan market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Japan market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Maruhachi Warehouse Company has a total score of 0/6, see the detailed checks below.

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

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

Past Performance

  How has Maruhachi Warehouse Company performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Maruhachi Warehouse Company'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.
  • Maruhachi Warehouse Company's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Maruhachi Warehouse Company's 1-year earnings growth exceeds its 5-year average (90.3% vs -24.4%)
  • Maruhachi Warehouse Company's earnings growth has exceeded the JP Commercial Services industry average in the past year (90.3% vs 4.4%).
Earnings and Revenue History
Maruhachi Warehouse Company's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

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

TSE:9313 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-08-31 5,098.00 512.00 584.00
2019-05-31 5,138.00 498.00 593.00
2019-02-28 5,108.00 438.00 619.00
2018-11-30 4,995.00 381.00 616.00
2018-08-31 4,859.00 269.00 644.00
2018-05-31 4,737.00 229.00 645.00
2018-02-28 4,670.00 253.00 635.00
2017-11-30 4,675.00 482.00 628.00
2017-08-31 4,732.00 593.00 574.00
2017-05-31 4,793.00 617.00 567.00
2017-02-28 4,867.00 678.00 542.00
2016-11-30 4,907.00 480.00 556.00
2016-08-31 4,873.00 253.00 572.00
2016-05-31 4,841.00 236.00 582.00
2016-02-29 4,770.00 92.00 610.00
2015-11-30 4,754.00 1,405.00 606.00
2015-08-31 4,788.00 1,628.00 608.00
2015-05-31 4,817.00 1,643.00 609.00
2015-02-28 4,881.00 1,737.00 609.00
2014-11-30 4,933.00 436.00 618.00
2014-08-31 4,944.00 432.00 619.00
2014-05-31 4,929.00 420.00 621.00
2014-02-28 4,915.00 427.00 611.00
2013-11-30 4,880.00 428.00 593.00
2013-08-31 4,892.00 380.00 593.00
2013-05-31 4,943.00 380.00 586.00
2013-02-28 4,936.00 341.00 594.00

*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.
  • Maruhachi Warehouse Company has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Maruhachi Warehouse Company used its assets less efficiently than the JP Commercial Services industry average last year based on Return on Assets.
  • Maruhachi Warehouse Company has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Maruhachi Warehouse Company's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the 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.
Maruhachi Warehouse Company 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 Maruhachi Warehouse Company's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Maruhachi Warehouse Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maruhachi Warehouse Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Maruhachi Warehouse Company's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Maruhachi Warehouse Company's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x 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 Maruhachi Warehouse Company Company Filings, last reported 3 months ago.

TSE:9313 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-08-31 9,350.00 4,609.00 1,119.00
2019-05-31 9,191.00 4,741.00 1,096.00
2019-02-28 9,120.00 4,879.00 985.00
2018-11-30 9,154.00 5,018.00 830.00
2018-08-31 9,060.00 5,183.00 830.00
2018-05-31 9,012.00 5,324.00 855.00
2018-02-28 8,945.00 4,676.00 836.00
2017-11-30 9,043.00 3,660.00 1,035.00
2017-08-31 10,171.00 2,647.00 970.00
2017-05-31 10,012.00 2,704.00 1,290.00
2017-02-28 9,904.00 2,130.00 1,519.00
2016-11-30 9,706.00 2,212.00 259.00
2016-08-31 9,520.00 2,453.00 364.00
2016-05-31 9,442.00 1,433.00 404.00
2016-02-29 9,264.00 1,368.00 196.00
2015-11-30 9,342.00 1,176.00 367.00
2015-08-31 9,447.00 1,337.00 642.00
2015-05-31 9,340.00 1,470.00 1,089.00
2015-02-28 9,305.00 1,631.00 736.00
2014-11-30 7,984.00 2,679.00 44.00
2014-08-31 7,838.00 2,942.00 32.00
2014-05-31 7,695.00 3,107.00 55.00
2014-02-28 7,590.00 3,391.00 121.00
2013-11-30 7,597.00 3,273.00 37.00
2013-08-31 7,450.00 3,832.00 32.00
2013-05-31 7,360.00 3,908.00 37.00
2013-02-28 7,236.00 4,229.00 65.00
  • Maruhachi Warehouse Company's level of debt (49.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (37.5% vs 49.3% today).
  • Debt is well covered by operating cash flow (26.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 123.8x coverage).
X
Financial health checks
We assess Maruhachi Warehouse Company's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Maruhachi Warehouse Company has a total score of 3/6, 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 Maruhachi Warehouse Company's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.19%
Current annual income from Maruhachi Warehouse Company dividends.
If you bought ¥2,000 of Maruhachi Warehouse Company shares you are expected to receive ¥44 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?
  • Maruhachi Warehouse Company's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.33%).
  • Maruhachi Warehouse Company's dividend is below the markets top 25% of dividend payers in Japan (2.92%).
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:9313 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 Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 111 Stocks 1.9%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2973 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 2.9%

Industry and Market average data is calculated daily.

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

TSE:9313 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:9313 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-03-01 16.000 2.253
2019-01-11 16.000 2.111
2018-02-26 16.000 1.965
2018-01-12 16.000 1.844
2017-02-24 16.000 1.835
2017-01-13 16.000 1.834
2016-07-08 16.000 1.768
2016-02-25 16.000 1.833
2016-01-08 16.000 1.744
2015-10-09 16.000 1.653
2015-07-10 16.000 1.673
2015-02-26 14.000 1.688
2015-01-09 14.000 1.748
2014-02-27 14.000 2.206
2014-01-10 14.000 2.407
2013-10-11 16.000 2.593
2013-07-11 16.000 2.913
2013-02-27 14.000 2.628
2013-01-11 14.000 3.068
2012-07-12 14.000 3.850
2012-04-12 14.000 4.082
2012-02-28 14.000 3.995
2012-01-13 14.000 4.235
2011-10-13 14.000 4.372
2011-07-13 14.000 4.382
2011-04-14 14.000 4.228
2011-02-28 14.000 4.194
2011-01-13 14.000 3.826
2010-03-01 14.000 4.007
2010-01-14 14.000 4.146
2009-10-14 14.000 3.974
2009-03-02 14.000 4.067
2009-01-14 14.000 4.908

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Maruhachi Warehouse Company's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.5x 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 Maruhachi Warehouse Company's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Maruhachi Warehouse Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maruhachi Warehouse Company has a total score of 3/6, 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 Maruhachi Warehouse Company's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Akira Nakamura
AGE 71
TENURE AS CEO 9.8 years
CEO Bio

Mr. Akira Nakamura has been the President of Maruhachi Warehouse Co., Ltd. since February 2010. Mr. Nakamura served as the Manager of Hong Kong Branch of The Mitsubishi Trust and Banking Corp. since February 1996. Mr. Nakamura served as the Manager of Securities Management Service Department of The Mitsubishi Trust and Banking Corp. since June 2000. Mr. Nakamura served as the Manager of General Affairs Department of The Mitsubishi Trust and Banking Corp. since May 2001. Mr. Nakamura joined Maruhachi Warehouse Co., Ltd. in January 2009 as an Advisor. Mr. Nakamura served as the Vice President of Maruhachi Warehouse Co., Ltd. since February 2009. Mr. Nakamura has been a Representative Director of Maruhachi Warehouse Co., Ltd. since February 2010 and served as its Director dince February 2009. Mr. Nakamura served as a Director of The Mitsubishi Trust and Banking Corp. since June 2000. Mr. Nakamura served as Standing Corporate Auditor of The Mitsubishi Trust and Banking Corp. since June 2002.

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 Maruhachi Warehouse Company management team in years:

4.8
Average Tenure
64.5
Average Age
  • The tenure for the Maruhachi Warehouse Company management team is about average.
Management Team

Akira Nakamura

TITLE
President and Representative Director
AGE
71
TENURE
9.8 yrs

Yutaka Arai

TITLE
Managing Director
AGE
64
TENURE
4.8 yrs

Kazuhiko Suzuki

TITLE
Managing Director and General Manager of Sales Division
AGE
65
TENURE
4.8 yrs

Ichiro Mineshima

TITLE
Vice President and Director
AGE
59
TENURE
4.8 yrs

Yozo Watanabe

TITLE
Advisor and Director
AGE
77
TENURE
4.8 yrs

Nobutoshi Jinbo

TITLE
Manager of General Affairs Department and Director
AGE
61
TENURE
4.8 yrs

Hiromoto Miyazawa

TITLE
Manager of Corporate Planning Department and Director
Board of Directors Tenure

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

4.8
Average Tenure
70
Average Age
  • The tenure for the Maruhachi Warehouse Company board of directors is about average.
Board of Directors

Akira Nakamura

TITLE
President and Representative Director
AGE
71
TENURE
9.8 yrs

Yutaka Arai

TITLE
Managing Director
AGE
64
TENURE
9.8 yrs

Ichiro Mineshima

TITLE
Vice President and Director
AGE
59
TENURE
4.8 yrs

Yozo Watanabe

TITLE
Advisor and Director
AGE
77
TENURE
4.8 yrs

Nobutoshi Jinbo

TITLE
Manager of General Affairs Department and Director
AGE
61

Hiromoto Miyazawa

TITLE
Manager of Corporate Planning Department and Director
TENURE
4.8 yrs

Tatsuhiko Iwami

TITLE
Outside Director
AGE
79

Masashi Yamaguchi

TITLE
External Director
AGE
70
TENURE
4.8 yrs

Hisakazu Sato

TITLE
External Director
AGE
69
TENURE
4.8 yrs

Enmei Ioki

TITLE
External Auditor
AGE
71
TENURE
8.8 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 Maruhachi Warehouse Company's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Maruhachi Warehouse Company has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

Maruhachi Warehouse Company, Limited operates as a logistics company in Japan. The company operates through two segments, Logistic and Real Estate. The Logistic segment offers warehouse storage operation, cargo handling operation, warehouse leasing, and transportation services. The Real Estate segment engages in the development, sale, brokerage, leasing, and management of real estate, as well as provides consultation services on properties. Maruhachi Warehouse Company, Limited was founded in 1934 and is headquartered in Tokyo, Japan.

Details
Name: Maruhachi Warehouse Company, Limited
9313
Exchange: TSE
Founded: 1934
¥4,264,095,516
5,833,236
Website: http://www.maru8.co.jp
Address: Maruhachi Warehouse Company, Limited
Monzennaka-cho Building,
4th Floor,
Tokyo,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9313 Common Shares The Tokyo Stock Exchange JP JPY 30. Jun 1992
Number of employees
Current staff
Staff numbers
105
Maruhachi Warehouse Company employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/11 14:42
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/01/11
Last earnings filing: 2019/10/07
Last earnings reported: 2019/08/31
Last annual earnings reported: 2018/11/30


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.