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Sanritsu

TSE:9366
Snowflake Description

Undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9366
TSE
¥4B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

Sanritsu Corporation engages in the packaging business in Japan and internationally. The last earnings update was 33 days ago. More info.


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9366 Share Price and Events
7 Day Returns
1.3%
TSE:9366
1.2%
JP Commercial Services
0.7%
JP Market
1 Year Returns
9.8%
TSE:9366
9.1%
JP Commercial Services
9.4%
JP Market
9366 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sanritsu (9366) 1.3% 0.7% 7.3% 9.8% 39.8% 35.7%
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
  • 9366 matched the Commercial Services industry (9.1%) over the past year.
  • 9366 matched the Japan Market (9.4%) over the past year.
Price Volatility
9366
Industry
5yr Volatility vs Market

9366 Value

 Is Sanritsu 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 Sanritsu 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 Sanritsu.

TSE:9366 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 8.9%
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:9366
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%) (207.82%))
1.421
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.421 * 6.33%)
8.9%

Discounted Cash Flow Calculation for TSE:9366 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sanritsu 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:9366 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.9%)
2020 2,150.28 Est @ 48.05% 1,974.48
2021 2,872.90 Est @ 33.61% 2,422.34
2022 3,547.94 Est @ 23.5% 2,746.94
2023 4,130.54 Est @ 16.42% 2,936.54
2024 4,604.21 Est @ 11.47% 3,005.68
2025 4,972.56 Est @ 8% 2,980.74
2026 5,249.70 Est @ 5.57% 2,889.59
2027 5,453.08 Est @ 3.87% 2,756.14
2028 5,599.50 Est @ 2.68% 2,598.76
2029 5,703.22 Est @ 1.85% 2,430.49
Present value of next 10 years cash flows ¥26,741.00
TSE:9366 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥5,703.22 × (1 + -0.09%) ÷ (8.9% – -0.09%)
¥63,356.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥63,356.54 ÷ (1 + 8.9%)10
¥27,000.11
TSE:9366 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥26,741.00 + ¥27,000.11
¥53,741.11
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥53,741.11 / 5.58
¥9627.36
TSE:9366 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥9,627.36
Current discount Discount to share price of ¥703.00
= -1 x (¥703.00 - ¥9,627.36) / ¥9,627.36
92.7%

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

Current Discount
Amount off the current price Sanritsu is available for.
Intrinsic value
>50%
Share price is ¥703 vs Future cash flow value of ¥9627.36
Current Discount Checks
For Sanritsu to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sanritsu's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Sanritsu'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 Sanritsu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sanritsu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9366 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥98.89
TSE:9366 Share Price ** TSE (2019-12-10) in JPY ¥703
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 Sanritsu.

TSE:9366 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9366 Share Price ÷ EPS (both in JPY)

= 703 ÷ 98.89

7.11x

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

  • Sanritsu is good value based on earnings compared to the JP Commercial Services industry average.
  • Sanritsu is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Sanritsu's expected growth come at a high price?
Raw Data
TSE:9366 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.11x
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 Sanritsu, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sanritsu's assets?
Raw Data
TSE:9366 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,440.31
TSE:9366 Share Price * TSE (2019-12-10) in JPY ¥703
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:9366 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9366 Share Price ÷ Book Value per Share (both in JPY)

= 703 ÷ 1,440.31

0.49x

* Primary Listing of Sanritsu.

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

  • Sanritsu is good value based on assets compared to the JP Commercial Services industry average.
X
Value checks
We assess Sanritsu'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. Sanritsu has a total score of 5/6, 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.

9366 Future Performance

 How is Sanritsu 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 Sanritsu 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 Sanritsu expected to grow at an attractive rate?
  • Unable to compare Sanritsu's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sanritsu's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Sanritsu's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:9366 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:9366 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9366 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:9366 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 17,304 1,979 552
2019-06-30 17,409 553
2019-03-31 17,631 1,037 586
2018-12-31 17,643 628
2018-09-30 17,388 1,051 590
2018-06-30 17,144 521
2018-03-31 16,623 1,152 459
2017-12-31 15,910 466
2017-09-30 15,191 839 377
2017-06-30 14,729 276
2017-03-31 14,626 669 258
2016-12-31 14,802 187

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sanritsu is high growth as no earnings estimate data is available.
  • Unable to determine if Sanritsu 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:9366 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

TSE:9366 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:9366 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 98.89
2019-06-30 99.07
2019-03-31 104.98
2018-12-31 112.50
2018-09-30 105.69
2018-06-30 93.33
2018-03-31 82.22
2017-12-31 83.42
2017-09-30 67.39
2017-06-30 48.95
2017-03-31 44.92
2016-12-31 31.99

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

Next steps:

  1. Examine whether Sanritsu is trading at Sanritsu'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. Sanritsu'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 Sanritsu'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.
Sanritsu 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.

9366 Past Performance

  How has Sanritsu 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 Sanritsu'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.
  • Sanritsu has delivered over 20% year on year earnings growth in the past 5 years.
  • Sanritsu's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sanritsu's 1-year earnings growth is negative, it can't be compared to the JP Commercial Services industry average.
Earnings and Revenue History
Sanritsu'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 Sanritsu Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9366 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 17,304.00 552.00 2,333.00
2019-06-30 17,409.00 553.00 2,298.00
2019-03-31 17,631.00 586.00 2,341.00
2018-12-31 17,643.00 628.00 2,308.00
2018-09-30 17,388.00 590.00 2,296.00
2018-06-30 17,144.00 521.00 2,283.00
2018-03-31 16,623.00 459.00 2,232.00
2017-12-31 15,910.00 466.00 2,168.00
2017-09-30 15,191.00 377.00 2,141.00
2017-06-30 14,729.00 276.00 2,136.00
2017-03-31 14,626.00 258.00 2,161.00
2016-12-31 14,802.00 187.00 2,156.00
2016-09-30 15,123.00 294.00 2,149.00
2016-06-30 15,329.00 393.00 2,136.00
2016-03-31 15,647.00 305.00 2,156.00
2015-12-31 16,206.00 219.00 2,257.00
2015-09-30 16,924.00 114.00 2,305.00
2015-06-30 17,527.00 67.00 2,365.00
2015-03-31 17,830.00 126.00 2,378.00
2014-12-31 18,046.00 225.00 2,304.00
2014-09-30 17,887.00 155.00 2,345.00
2014-06-30 17,490.00 145.00 2,287.00
2014-03-31 17,062.00 108.00 2,225.00
2013-12-31 16,112.00 -132.00 2,217.00
2013-09-30 15,392.00 -257.00 2,159.00
2013-06-30 15,316.00 -240.00 2,161.00
2013-03-31 15,381.00 -239.00 2,185.00
2012-12-31 15,785.00 251.00 2,193.00

*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.
  • Sanritsu has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sanritsu used its assets less efficiently than the JP Commercial Services industry average last year based on Return on Assets.
  • Sanritsu has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sanritsu'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.
Sanritsu has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

9366 Health

 How is Sanritsu'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 Sanritsu's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sanritsu is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sanritsu's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sanritsu'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 0.9x 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 Sanritsu Company Filings, last reported 2 months ago.

TSE:9366 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 8,141.00 6,534.00 2,640.00
2019-06-30 8,004.00 6,277.00 2,279.00
2019-03-31 8,056.00 5,876.00 1,489.00
2018-12-31 7,966.00 6,473.00 1,726.00
2018-09-30 7,820.00 6,139.00 1,345.00
2018-06-30 7,602.00 5,958.00 1,157.00
2018-03-31 7,639.00 6,082.00 1,658.00
2017-12-31 7,539.00 6,616.00 1,689.00
2017-09-30 7,266.00 6,187.00 1,259.00
2017-06-30 7,129.00 6,466.00 1,892.00
2017-03-31 7,131.00 6,348.00 1,424.00
2016-12-31 6,995.00 6,814.00 1,364.00
2016-09-30 6,793.00 7,018.00 1,951.00
2016-06-30 6,916.00 7,142.00 2,386.00
2016-03-31 7,047.00 7,142.00 2,384.00
2015-12-31 7,151.00 7,718.00 2,248.00
2015-09-30 6,916.00 7,662.00 2,268.00
2015-06-30 6,858.00 7,739.00 2,309.00
2015-03-31 7,068.00 7,865.00 2,477.00
2014-12-31 7,083.00 8,533.00 2,549.00
2014-09-30 6,918.00 9,045.00 3,224.00
2014-06-30 6,868.00 9,276.00 3,206.00
2014-03-31 6,983.00 9,496.00 3,136.00
2013-12-31 6,958.00 10,242.00 3,459.00
2013-09-30 6,861.00 10,483.00 3,707.00
2013-06-30 6,799.00 10,350.00 2,950.00
2013-03-31 6,751.00 10,348.00 2,593.00
2012-12-31 6,862.00 10,083.00 3,242.00
  • Sanritsu's level of debt (80.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (130.6% vs 80.3% today).
  • Debt is well covered by operating cash flow (30.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.1x coverage).
X
Financial health checks
We assess Sanritsu'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. Sanritsu has a total score of 4/6, 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.

9366 Dividends

 What is Sanritsu'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
3.98%
Current annual income from Sanritsu dividends.
If you bought ¥2,000 of Sanritsu shares you are expected to receive ¥80 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?
  • Sanritsu's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.33%).
  • Sanritsu's dividend is above the markets top 25% of dividend payers in Japan (2.92%).
Upcoming dividend payment

Purchase Sanritsu before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:9366 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:9366 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:9366 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 28.000 4.243
2019-05-14 28.000 4.477
2018-06-26 25.000 3.552
2018-05-10 25.000 3.098
2017-10-31 22.000 2.701
2017-06-23 20.000 2.658
2017-05-11 20.000 3.495
2017-01-31 15.000 2.891
2016-06-21 15.000 3.012
2016-05-10 15.000 3.130
2015-06-24 18.000 3.431
2015-05-15 18.000 3.180
2014-07-31 16.000 2.977
2014-06-24 16.000 3.041
2014-05-14 16.000 3.144
2014-02-14 0.000 0.000
2014-01-31 0.000 0.000
2013-11-14 0.000 0.000
2013-10-31 0.000 0.000
2013-06-25 24.500 4.647
2013-05-14 24.500 4.517
2013-02-14 24.500 4.020
2013-01-31 24.500 4.251
2012-11-14 24.500 4.629
2012-10-31 24.500 5.006
2012-07-31 24.500 4.743
2012-06-26 24.500 4.742
2012-05-11 24.500 5.029
2012-02-14 24.500 4.472
2012-01-30 24.500 4.689
2011-11-14 24.500 4.789
2011-10-31 24.500 4.752
2011-07-29 24.500 4.347
2011-06-28 24.500 3.990
2011-05-16 24.500 4.208
2011-02-14 24.500 4.139
2011-01-28 24.500 3.962
2010-11-12 24.500 4.085
2010-10-29 24.500 4.285
2010-06-25 24.500 4.399
2010-02-12 24.500 4.305
2010-01-28 24.500 4.615
2009-11-13 24.500 4.399
2009-10-30 24.500 4.244
2009-06-25 24.500 3.834
2009-05-28 24.500 3.833
2009-05-15 24.500 4.428
2009-02-13 24.500 4.923
2009-01-30 24.500 4.854

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 Sanritsu's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x 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 Sanritsu'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 Sanritsu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sanritsu 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.

9366 Management

 What is the CEO of Sanritsu'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
Yasuhide Miura
AGE 55
TENURE AS CEO 10.5 years
CEO Bio

Mr. Miura Yasuhide has been Executive President of Sanritsu Corporation since June 2009. Mr. Yasuhide has been President and Representative Director of Chiba Sanritsu Kompo Unyu K.K. since February 2009. He has been Chief Executive Officer of Chiba Sanritsu Kompo Unyu K.K. since June 2009. Mr. Yasuhide served as President of SANRITSU LOGISTICS AMERICA, Inc. from April 2010 to June 19, 2015. He served as the Chief Executive Officer of Sanritsu Corporation since June 2009. He joined Ikeda Kompo Unyu K.K. in April 1985. Mr. Yasuhide joined Sanritsu Corp. in June 1987 and served as its Managing Director since June 2003, Chief of Business Strategy Office since July 2005, Managing Executive Officer since June 2007. He served as President and Representative Director of Shinei Sangyo K.K. since June 2007 and served as its General Manager of Support since April 2008. He has been Representative Director of Sanritsu Corporation since June 2008.

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

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

5
Average Tenure
58
Average Age
  • The tenure for the Sanritsu management team is about average.
Management Team

Yasuhide Miura

TITLE
Executive President and Representative Director
AGE
55
TENURE
10.5 yrs

Mitsuharu Tanaka

TITLE
Managing Executive Officer
AGE
66
TENURE
5.5 yrs

Mitsugi Hirawa

TITLE
Senior Managing Executive Officer
AGE
61

Kazuhito Irokawa

TITLE
Executive Officer
AGE
58
TENURE
4.4 yrs

Manabu Matsuo

TITLE
Executive Officer
AGE
54
TENURE
4.4 yrs

Kenji Miyauchi

TITLE
Executive Officer

Katsuki Fukuda

TITLE
Executive Officer and Manager of Overall Business Department - Domestic Business Division

Nakadachi Hiruta

TITLE
Executive Officer and Manager of Overall Quality Department - Administrative Division

Mayumi Kumakura

TITLE
Manager of Administration
Board of Directors Tenure

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

11
Average Tenure
65
Average Age
  • The average tenure for the Sanritsu board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Masahide Miura

TITLE
Chairman
AGE
82
TENURE
12.5 yrs

Yasuhide Miura

TITLE
Executive President and Representative Director
AGE
55
TENURE
11.5 yrs

Mitsuharu Tanaka

TITLE
Managing Executive Officer
AGE
66
TENURE
5.5 yrs

Mitsugi Hirawa

TITLE
Senior Managing Executive Officer
AGE
61
TENURE
12.5 yrs

Kazuhito Irokawa

TITLE
Executive Officer
AGE
58
TENURE
10.5 yrs

Manabu Matsuo

TITLE
Executive Officer
AGE
54
TENURE
4.5 yrs

Kimitaka Yamazaki

TITLE
Director
AGE
72

Makoto Inanaga

TITLE
External Director
AGE
65

Yasuo Shinoda

TITLE
External Director
AGE
70
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 Sanritsu'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. Sanritsu 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.

9366 News

Simply Wall St News

9366 Company Info

Description

Sanritsu Corporation engages in the packaging business in Japan and internationally. It offers steel, wooden box, wooden frame, and reinforced cardboard box packing products. The company also offers truck transportation, warehouse storage, and cargo handling services. In addition, it provides bonded and customer clearance services; and air and sea transport arrangement services. Sanritsu Corporation was founded in 1948 and is headquartered in Tokyo, Japan.

Details
Name: Sanritsu Corporation
9366
Exchange: TSE
Founded: 1948
¥3,901,902,579
5,582,121
Website: http://www.srt.co.jp
Address: Sanritsu Corporation
2-12-32, Konan,
Minato-ku,
Tokyo,
108-0075,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9366 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
429
Sanritsu employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/11 14:44
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/11/08
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.