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Kimura Unity

TSE:9368
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9368
TSE
¥11B
Market Cap
  1. Home
  2. JP
  3. Commercial Services
Company description

Kimura Unity Co., Ltd. provides logistics, car, information, and staffing services in Japan and internationally. The last earnings update was 62 days ago. More info.


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9368 Share Price and Events
7 Day Returns
5.2%
TSE:9368
3.8%
JP Commercial Services
5.1%
JP Market
1 Year Returns
-16.7%
TSE:9368
-10.3%
JP Commercial Services
-10.9%
JP Market
9368 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kimura Unity (9368) 5.2% -3.6% -19.3% -16.7% -15.6% -12.5%
JP Commercial Services 3.8% 1.5% -20.3% -10.3% -3.1% -2.3%
JP Market 5.1% 1.7% -17.6% -10.9% -3% -7.5%
1 Year Return vs Industry and Market
  • 9368 underperformed the Commercial Services industry which returned -10.3% over the past year.
  • 9368 underperformed the Market in Japan which returned -10.9% over the past year.
Price Volatility
9368
Industry
5yr Volatility vs Market

9368 Value

 Is Kimura Unity 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 Kimura Unity 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 Kimura Unity.

TSE:9368 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 6.4%
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:9368
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 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.736 (1 + (1- 30.86%) (58.04%))
1.021
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.021 * 6.33%)
6.37%

Discounted Cash Flow Calculation for TSE:9368 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kimura Unity 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:9368 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.37%)
2020 1,135.69 Est @ 1.84% 1,067.64
2021 1,149.99 Est @ 1.26% 1,016.30
2022 1,159.82 Est @ 0.85% 963.57
2023 1,166.44 Est @ 0.57% 911.00
2024 1,170.79 Est @ 0.37% 859.60
2025 1,173.53 Est @ 0.23% 809.99
2026 1,175.13 Est @ 0.14% 762.49
2027 1,175.94 Est @ 0.07% 717.29
2028 1,176.19 Est @ 0.02% 674.46
2029 1,176.05 Est @ -0.01% 633.96
Present value of next 10 years cash flows ¥8,416.00
TSE:9368 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥1,176.05 × (1 + -0.09%) ÷ (6.37% – -0.09%)
¥18,177.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥18,177.06 ÷ (1 + 6.37%)10
¥9,798.60
TSE:9368 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥8,416.00 + ¥9,798.60
¥18,214.60
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥18,214.60 / 12.07
¥1509.3
TSE:9368 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,509.30
Current discount Discount to share price of ¥931.00
= -1 x (¥931.00 - ¥1,509.30) / ¥1,509.30
38.3%

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

Current Discount
Amount off the current price Kimura Unity is available for.
Intrinsic value
38%
Share price is ¥931 vs Future cash flow value of ¥1509.3
Current Discount Checks
For Kimura Unity to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Kimura Unity's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Kimura Unity'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 Kimura Unity's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kimura Unity's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9368 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥132.33
TSE:9368 Share Price ** TSE (2020-04-09) in JPY ¥931
Japan Commercial Services Industry PE Ratio Median Figure of 111 Publicly-Listed Commercial Services Companies 13.08x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 12.4x

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

** Primary Listing of Kimura Unity.

TSE:9368 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9368 Share Price ÷ EPS (both in JPY)

= 931 ÷ 132.33

7.04x

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

  • Kimura Unity is good value based on earnings compared to the JP Commercial Services industry average.
  • Kimura Unity is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Kimura Unity's expected growth come at a high price?
Raw Data
TSE:9368 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.04x
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 32 Publicly-Listed Commercial Services Companies 1.4x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.37x

*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 Kimura Unity, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kimura Unity's assets?
Raw Data
TSE:9368 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,319.31
TSE:9368 Share Price * TSE (2020-04-09) in JPY ¥931
Japan Commercial Services Industry PB Ratio Median Figure of 129 Publicly-Listed Commercial Services Companies 0.8x
Japan Market PB Ratio Median Figure of 3,578 Publicly-Listed Companies 0.86x
TSE:9368 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9368 Share Price ÷ Book Value per Share (both in JPY)

= 931 ÷ 2,319.31

0.4x

* Primary Listing of Kimura Unity.

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

  • Kimura Unity is good value based on assets compared to the JP Commercial Services industry average.
X
Value checks
We assess Kimura Unity'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. Kimura Unity has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

9368 Future Performance

 How is Kimura Unity 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 Kimura Unity 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
4.8%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kimura Unity expected to grow at an attractive rate?
  • Unable to compare Kimura Unity's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kimura Unity's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Kimura Unity's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:9368 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 4.8%
Japan Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.3%
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:9368 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:9368 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:9368 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 54,165 1,597
2019-09-30 53,962 2,420 1,481
2019-06-30 53,117 1,351
2019-03-31 52,819 2,250 1,451
2018-12-31 51,811 1,335
2018-09-30 50,810 1,388 1,151
2018-06-30 50,207 1,090
2018-03-31 48,855 568 840
2017-12-31 48,123 853
2017-09-30 47,333 1,092 965
2017-06-30 46,990 1,073
2017-03-31 46,983 1,894 1,042

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kimura Unity is high growth as no earnings estimate data is available.
  • Unable to determine if Kimura Unity 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:9368 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 Kimura Unity Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9368 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:9368 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 132.33
2019-09-30 122.72
2019-06-30 111.95
2019-03-31 120.23
2018-12-31 110.62
2018-09-30 95.37
2018-06-30 90.32
2018-03-31 69.60
2017-12-31 70.68
2017-09-30 79.96
2017-06-30 88.91
2017-03-31 86.34

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

Next steps:

  1. Examine whether Kimura Unity is trading at Kimura Unity'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. Kimura Unity'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 Kimura Unity'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.
Kimura Unity 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.

9368 Past Performance

  How has Kimura Unity 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 Kimura Unity'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.
  • Kimura Unity's year on year earnings growth rate has been positive over the past 5 years.
  • Kimura Unity's 1-year earnings growth exceeds its 5-year average (19.6% vs 6.9%)
  • Kimura Unity's earnings growth has exceeded the JP Commercial Services industry average in the past year (19.6% vs 9.1%).
Earnings and Revenue History
Kimura Unity'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 Kimura Unity Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9368 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 54,165.00 1,597.00 6,669.00
2019-09-30 53,962.00 1,481.00 6,600.00
2019-06-30 53,117.00 1,351.00 6,421.00
2019-03-31 52,819.00 1,451.00 6,254.00
2018-12-31 51,811.00 1,335.00 6,099.00
2018-09-30 50,810.00 1,151.00 5,996.00
2018-06-30 50,207.00 1,090.00 5,932.00
2018-03-31 48,855.00 840.00 5,828.00
2017-12-31 48,123.00 853.00 5,725.00
2017-09-30 47,333.00 965.00 5,665.00
2017-06-30 46,990.00 1,073.00 5,668.00
2017-03-31 46,983.00 1,042.00 5,658.00
2016-12-31 46,928.00 1,070.00 5,554.00
2016-09-30 47,819.00 1,054.00 5,571.00
2016-06-30 48,099.00 1,021.00 5,509.00
2016-03-31 48,021.00 1,018.00 5,528.00
2015-12-31 48,216.00 1,075.00 5,675.00
2015-09-30 47,280.00 1,073.00 5,588.00
2015-06-30 46,498.00 1,140.00 5,518.00
2015-03-31 45,768.00 1,030.00 5,441.00
2014-12-31 44,068.00 1,066.00 5,273.00
2014-09-30 42,939.00 988.00 5,070.00
2014-06-30 42,060.00 942.00 4,922.00
2014-03-31 40,846.00 1,226.00 4,685.00
2013-12-31 40,104.00 1,273.00 4,514.00
2013-09-30 39,233.00 1,174.00 4,435.00
2013-06-30 38,609.00 1,087.00 4,369.00

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

9368 Health

 How is Kimura Unity'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 Kimura Unity's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kimura Unity is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kimura Unity's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kimura Unity'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 covered by short term assets, assets are 4.3x 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 Kimura Unity Company Filings, last reported 3 months ago.

TSE:9368 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 29,309.00 5,793.00 6,304.00
2019-09-30 28,959.00 4,792.00 4,878.00
2019-06-30 28,728.00 5,476.00 6,143.00
2019-03-31 28,522.00 4,875.00 5,154.00
2018-12-31 28,539.00 6,172.00 5,498.00
2018-09-30 28,353.00 5,919.00 6,190.00
2018-06-30 28,016.00 5,366.00 5,509.00
2018-03-31 27,985.00 5,032.00 5,049.00
2017-12-31 27,746.00 5,694.00 5,307.00
2017-09-30 27,165.00 5,233.00 6,111.00
2017-06-30 26,704.00 4,696.00 5,845.00
2017-03-31 26,785.00 4,720.00 5,852.00
2016-12-31 25,941.00 5,297.00 5,772.00
2016-09-30 25,536.00 5,310.00 6,309.00
2016-06-30 25,894.00 4,859.00 6,573.00
2016-03-31 26,250.00 4,912.00 6,247.00
2015-12-31 27,561.00 6,566.00 6,304.00
2015-09-30 27,389.00 5,601.00 5,815.00
2015-06-30 27,272.00 5,690.00 6,034.00
2015-03-31 26,655.00 5,191.00 5,176.00
2014-12-31 25,387.00 6,318.00 5,220.00
2014-09-30 24,181.00 6,270.00 4,936.00
2014-06-30 23,881.00 6,466.00 5,778.00
2014-03-31 23,736.00 4,903.00 4,829.00
2013-12-31 24,270.00 5,884.00 5,434.00
2013-09-30 23,974.00 3,530.00 4,802.00
2013-06-30 23,185.00 3,580.00 4,748.00
  • Kimura Unity's level of debt (19.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (24.8% vs 19.8% today).
  • Debt is well covered by operating cash flow (41.8%, greater than 20% of total debt).
  • Kimura Unity earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Kimura Unity'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. Kimura Unity 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.

9368 Dividends

 What is Kimura Unity'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
3.44%
Current annual income from Kimura Unity dividends.
If you bought ¥2,000 of Kimura Unity shares you are expected to receive ¥69 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?
  • Kimura Unity's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.7%).
  • Kimura Unity's dividend is below the markets top 25% of dividend payers in Japan (3.92%).
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:9368 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 2.3%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2987 Stocks 2.8%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.7%
Japan Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

TSE:9368 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:9368 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-08 32.000 3.019
2019-10-24 32.000 2.926
2019-08-09 32.000 3.160
2019-07-25 32.000 3.128
2019-06-21 27.000 2.478
2018-06-22 27.000 2.426
2018-04-26 27.000 2.316
2017-06-23 27.000 2.328
2017-04-27 27.000 2.345
2017-01-27 27.000 2.300
2016-06-24 27.000 2.503
2016-04-27 27.000 2.544
2016-02-05 28.000 2.520
2016-01-29 28.000 2.269
2015-11-06 28.000 2.223
2015-10-29 28.000 2.260
2015-07-28 27.000 1.954
2015-06-24 26.000 2.039
2015-04-28 27.000 2.404
2014-06-25 25.000 2.532
2014-04-25 25.000 2.710
2013-10-25 22.000 2.297
2013-07-26 22.000 2.245
2013-06-26 24.000 2.504
2013-04-26 22.000 2.342
2013-02-07 20.000 2.215
2013-01-25 20.000 2.388
2012-11-09 20.000 2.592
2012-10-26 20.000 2.689
2012-07-27 20.000 2.654
2012-06-26 20.000 2.684
2012-04-27 20.000 2.806
2012-02-09 20.000 2.710
2012-02-03 20.000 2.814
2011-11-10 20.000 2.986
2011-11-02 20.000 2.933
2011-08-03 20.000 2.898
2011-06-24 20.000 2.867
2011-05-10 20.000 3.033
2011-02-10 20.000 2.900
2011-02-04 20.000 2.805
2010-11-12 20.000 2.913
2010-11-04 20.000 2.991
2010-06-24 20.000 2.951
2010-05-11 20.000 2.855
2010-02-12 20.000 2.666
2010-02-05 20.000 2.795
2009-11-12 20.000 2.864
2009-11-05 20.000 2.740
2009-06-25 20.000 2.614
2009-05-12 20.000 2.811

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Kimura Unity's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.4x 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 Kimura Unity's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kimura Unity afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kimura Unity 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.

9368 Management

 What is the CEO of Kimura Unity'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
Syouji Kimura
AGE 66
CEO Bio

Mr. Syouji Kimura served as Chairperson and Chief Executive Officer of Kimura INC. Mr. Kimura serves as the President of Kimura Unity Co., Ltd and served as its Vice President since June 2014. He served as senior Managing Director and Representative Director of Kimura Unity Co. Ltd., since June 1991 Mr. Kimura is in charge of Global Sales and Marketing. Mr. Kimura served as Executive Managing Director of Kimura Unity Co. Ltd. He has been Representative Director at Kimura Unity Co., Ltd., since June 2014.

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

Average tenure and age of the Kimura Unity management team in years:

2.5
Average Tenure
61
Average Age
  • The tenure for the Kimura Unity management team is about average.
Management Team

Syouji Kimura

TITLE
President and Representative Director
AGE
66

Yukihiro Koyama

TITLE
Executive MD
AGE
61

Nobuhito Saito

TITLE
Executive VP
AGE
67
TENURE
5.8 yrs

Takeshi Kinoshita

TITLE
Head of Logistics Service Business HQ's & Director
AGE
60
TENURE
2.8 yrs

Yuji Abe

TITLE
Deputy Director
TENURE
2.3 yrs

Akikazu Nakano

TITLE
Head of Logistics Service Sales Division & Operating Officer

Yoshiyasu Hiramatsu

TITLE
Deputy Director of Administration HQ's & Operating Officer

Hiroaki Sanagawa

TITLE
Operating Officer

Yoshiharu Sakai

TITLE
Head of New Logistics Service Division & Operating Officer

Kouichi Iinaga

TITLE
Head of Total Car Service Business HQ & Director
AGE
60
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Kimura Unity board of directors in years:

2.8
Average Tenure
63
Average Age
  • The average tenure for the Kimura Unity board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yukio Kimura

TITLE
Chairman
AGE
68

Syouji Kimura

TITLE
President and Representative Director
AGE
66
TENURE
5.8 yrs

Yukihiro Koyama

TITLE
Executive MD
AGE
61
TENURE
5.8 yrs

Nobuhito Saito

TITLE
Executive VP
AGE
67

Takeshi Kinoshita

TITLE
Head of Logistics Service Business HQ's & Director
AGE
60
TENURE
2.8 yrs

Kouichi Iinaga

TITLE
Head of Total Car Service Business HQ & Director
AGE
60

Shigehiro Naruse

TITLE
Executive Managing Director & Director
AGE
59
TENURE
1.3 yrs

Yoshinori Hirano

TITLE
Outside Director
AGE
67
TENURE
2.8 yrs

Yuichi Oi

TITLE
Outside Director
AGE
65
TENURE
1.8 yrs

Hisashi Yoshimura

TITLE
Outside Statutory Auditor
AGE
53
TENURE
12.8 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 Kimura Unity'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. Kimura Unity 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.

9368 News

Simply Wall St News

9368 Company Info

Description

Kimura Unity Co., Ltd. provides logistics, car, information, and staffing services in Japan and internationally. Its logistics services comprise distribution center operations, container equipment production, warehousing and packing, etc. The company also offers car management, maintenance, and rental services; and vehicle leasing and insurance agency services, as well as purchases and sells automobiles. In addition, it provides consulting and system development, system maintenance, and temporary staffing services; and temporary staff placement, jobseeker referral, and hiring support services. The company was formerly known as Kimura Unity and changed its name to Kimura Unity Co., Ltd. in November 1990. Kimura Unity Co., Ltd. was founded in 1881 and is headquartered in Nagoya, Japan.

Details
Name: Kimura Unity Co., Ltd.
9368
Exchange: TSE
Founded: 1881
¥11,235,541,681
12,068,251
Website: http://www.kimura-unity.co.jp
Address: Kimura Unity Co., Ltd.
3-8-32, Nishiki,
Naka-ku,
Nagoya,
Aichi, 460-0003,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9368 Common Stock The Tokyo Stock Exchange JP JPY 03. Apr 1995
Number of employees
Current staff
Staff numbers
2,514
Kimura Unity employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 16:03
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2019/04/25
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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

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