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Chofu Seisakusho

TSE:5946
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5946
TSE
¥89B
Market Cap
  1. Home
  2. JP
  3. Consumer Durables
Company description

Chofu Seisakusho Co., Ltd. manufactures and sells residential appliances in Japan. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Chofu Seisakusho has significant price volatility in the past 3 months.
5946 Share Price and Events
7 Day Returns
16%
TSE:5946
15%
JP Consumer Durables
13.5%
JP Market
1 Year Returns
11.2%
TSE:5946
11.3%
JP Consumer Durables
-8.2%
JP Market
5946 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Chofu Seisakusho (5946) 16% 20.4% 3.5% 11.2% -2.1% -13.9%
JP Consumer Durables 15% -7.7% -15.5% 11.3% -1.3% 7.2%
JP Market 13.5% -7.4% -15.9% -8.2% -3.2% -3.9%
1 Year Return vs Industry and Market
  • 5946 matched the Consumer Durables industry (11.3%) over the past year.
  • 5946 outperformed the Market in Japan which returned -8.2% over the past year.
Price Volatility
5946
Industry
5yr Volatility vs Market

Value

 Is Chofu Seisakusho 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 Chofu Seisakusho 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 Chofu Seisakusho.

TSE:5946 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.1%
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:5946
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Consumer Durables 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%) (0.17%))
0.824
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.82
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.824 * 6.33%)
5.12%

Discounted Cash Flow Calculation for TSE:5946 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Chofu Seisakusho 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:5946 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.12%)
2020 3,097.50 Est @ 2.73% 2,946.53
2021 3,155.95 Est @ 1.89% 2,855.80
2022 3,196.79 Est @ 1.29% 2,751.76
2023 3,224.88 Est @ 0.88% 2,640.63
2024 3,243.85 Est @ 0.59% 2,526.70
2025 3,256.33 Est @ 0.38% 2,412.79
2026 3,264.22 Est @ 0.24% 2,300.75
2027 3,268.87 Est @ 0.14% 2,191.73
2028 3,271.25 Est @ 0.07% 2,086.42
2029 3,272.04 Est @ 0.02% 1,985.20
Present value of next 10 years cash flows ¥24,698.00
TSE:5946 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥3,272.04 × (1 + -0.09%) ÷ (5.12% – -0.09%)
¥62,699.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥62,699.76 ÷ (1 + 5.12%)10
¥38,041.00
TSE:5946 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥24,698.00 + ¥38,041.00
¥62,739.00
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥62,739.00 / 34.74
¥1805.99
TSE:5946 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,805.99
Current discount Discount to share price of ¥2,549.00
= -1 x (¥2,549.00 - ¥1,805.99) / ¥1,805.99
-41.1%

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

  • The current share price of Chofu Seisakusho 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 Chofu Seisakusho's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Chofu Seisakusho's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:5946 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥52.85
TSE:5946 Share Price ** TSE (2020-03-27) in JPY ¥2549
Japan Consumer Durables Industry PE Ratio Median Figure of 72 Publicly-Listed Consumer Durables Companies 8.91x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 12.77x

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

** Primary Listing of Chofu Seisakusho.

TSE:5946 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:5946 Share Price ÷ EPS (both in JPY)

= 2549 ÷ 52.85

48.23x

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

  • Chofu Seisakusho is overvalued based on earnings compared to the JP Consumer Durables industry average.
  • Chofu Seisakusho is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Chofu Seisakusho's expected growth come at a high price?
Raw Data
TSE:5946 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 48.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Consumer Durables Industry PEG Ratio Median Figure of 26 Publicly-Listed Consumer Durables Companies 1.75x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Chofu Seisakusho, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Chofu Seisakusho's assets?
Raw Data
TSE:5946 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥3,595.77
TSE:5946 Share Price * TSE (2020-03-27) in JPY ¥2549
Japan Consumer Durables Industry PB Ratio Median Figure of 80 Publicly-Listed Consumer Durables Companies 0.64x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.89x
TSE:5946 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5946 Share Price ÷ Book Value per Share (both in JPY)

= 2549 ÷ 3,595.77

0.71x

* Primary Listing of Chofu Seisakusho.

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

  • Chofu Seisakusho is overvalued based on assets compared to the JP Consumer Durables industry average.
X
Value checks
We assess Chofu Seisakusho'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 Consumer Durables 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 Consumer Durables industry average (and greater than 0)? (1 check)
  5. Chofu Seisakusho has a total score of 0/6, 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 Chofu Seisakusho 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 Chofu Seisakusho 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
5.8%
Expected Consumer Durables industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Chofu Seisakusho expected to grow at an attractive rate?
  • Unable to compare Chofu Seisakusho's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Chofu Seisakusho's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Chofu Seisakusho's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:5946 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
Japan Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSE:5946 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:5946 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:5946 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 45,228 4,243 1,836
2019-09-30 46,018 1,997
2019-06-30 45,255 3,741 1,750
2019-03-31 45,599 2,636
2018-12-31 45,725 4,130 2,670
2018-09-30 44,697 2,487
2018-06-30 43,732 4,177 2,430
2018-03-31 42,814 2,518
2017-12-31 42,057 3,052 2,589
2017-09-30 41,747 3,004
2017-06-30 41,869 3,576 3,106
2017-03-31 41,728 2,893

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Chofu Seisakusho is high growth as no earnings estimate data is available.
  • Unable to determine if Chofu Seisakusho 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:5946 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 Chofu Seisakusho Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:5946 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:5946 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 52.85
2019-09-30 57.49
2019-06-30 50.38
2019-03-31 75.88
2018-12-31 76.86
2018-09-30 71.59
2018-06-30 69.95
2018-03-31 72.48
2017-12-31 74.53
2017-09-30 86.47
2017-06-30 89.41
2017-03-31 83.28

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

Next steps:

  1. Examine Chofu Seisakusho's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Chofu Seisakusho'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 Consumer Durables 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 Chofu Seisakusho'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.
Chofu Seisakusho 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 Chofu Seisakusho 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 Chofu Seisakusho's growth in the last year to its industry (Consumer Durables).
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.
  • Chofu Seisakusho's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Chofu Seisakusho's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Chofu Seisakusho's 1-year earnings growth is negative, it can't be compared to the JP Consumer Durables industry average.
Earnings and Revenue History
Chofu Seisakusho'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 Chofu Seisakusho Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:5946 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 45,228.00 1,836.00 9,209.00
2019-09-30 46,018.00 1,997.00 9,295.00
2019-06-30 45,255.00 1,750.00 9,299.00
2019-03-31 45,599.00 2,636.00 9,366.00
2018-12-31 45,725.00 2,670.00 9,358.00
2018-09-30 44,697.00 2,487.00 9,232.00
2018-06-30 43,732.00 2,430.00 9,101.00
2018-03-31 42,814.00 2,518.00 8,984.00
2017-12-31 42,057.00 2,589.00 8,822.00
2017-09-30 41,747.00 3,004.00 8,797.00
2017-06-30 41,869.00 3,106.00 8,784.00
2017-03-31 41,728.00 2,893.00 8,771.00
2016-12-31 42,282.00 3,041.00 8,809.00
2016-09-30 42,487.00 2,759.00 8,802.00
2016-06-30 43,166.00 2,784.00 8,798.00
2016-03-31 43,270.00 2,820.00 8,885.00
2015-12-31 42,780.00 2,785.00 8,931.00
2015-09-30 42,675.00 3,348.00 8,939.00
2015-06-30 43,390.00 3,524.00 9,030.00
2015-03-31 44,320.00 4,081.00 8,990.00
2014-12-31 47,665.00 4,684.00 9,031.00
2014-09-30 49,369.00 4,499.00 9,187.00
2014-06-30 50,087.00 4,681.00 9,162.00
2014-03-31 50,559.00 4,645.00 9,123.00
2013-12-31 48,246.00 4,242.00 9,018.00
2013-09-30 47,547.00 3,879.00 8,912.00
2013-06-30 46,764.00 3,483.00 8,907.00
2013-03-31 46,984.00 3,430.00 8,941.00

*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.
  • Chofu Seisakusho has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Chofu Seisakusho used its assets less efficiently than the JP Consumer Durables industry average last year based on Return on Assets.
  • Chofu Seisakusho's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Chofu Seisakusho'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 Consumer Durables 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.
Chofu Seisakusho has a total score of 0/6, 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 Chofu Seisakusho'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 Chofu Seisakusho's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Chofu Seisakusho is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Chofu Seisakusho's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Chofu Seisakusho'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 190.1x 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 Chofu Seisakusho Company Filings, last reported 2 months ago.

TSE:5946 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 124,915.00 150.00 12,368.00
2019-09-30 123,328.00 160.00 7,174.00
2019-06-30 123,246.00 180.00 9,859.00
2019-03-31 124,441.00 195.00 11,372.00
2018-12-31 124,163.00 210.00 9,215.00
2018-09-30 124,449.00 225.00 11,216.00
2018-06-30 124,566.00 411.00 12,336.00
2018-03-31 123,539.00 436.00 11,799.00
2017-12-31 124,153.00 600.00 10,926.00
2017-09-30 122,283.00 0.00 10,524.00
2017-06-30 122,232.00 0.00 12,922.00
2017-03-31 121,122.00 1,000.00 12,916.00
2016-12-31 120,997.00 0.00 11,089.00
2016-09-30 118,992.00 2,000.00 9,735.00
2016-06-30 118,574.00 0.00 8,650.00
2016-03-31 119,182.00 1,200.00 11,912.00
2015-12-31 119,835.00 400.00 8,121.00
2015-09-30 118,386.00 1,500.00 8,613.00
2015-06-30 119,080.00 0.00 8,827.00
2015-03-31 118,639.00 1,300.00 14,715.00
2014-12-31 118,567.00 400.00 16,294.00
2014-09-30 116,538.00 1,002.00 18,331.00
2014-06-30 116,051.00 0.00 19,602.00
2014-03-31 115,186.00 1,200.00 16,125.00
2013-12-31 114,488.00 801.00 13,549.00
2013-09-30 112,439.00 1,382.00 11,808.00
2013-06-30 111,451.00 47.00 13,475.00
2013-03-31 110,834.00 1,200.00 14,487.00
  • Chofu Seisakusho's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0.3% vs 0.1% today).
  • Debt is well covered by operating cash flow (2828.7%, greater than 20% of total debt).
  • Chofu Seisakusho earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Chofu Seisakusho'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. Chofu Seisakusho has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Chofu Seisakusho'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
1.26%
Current annual income from Chofu Seisakusho dividends.
If you bought ¥2,000 of Chofu Seisakusho shares you are expected to receive ¥25 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?
  • Chofu Seisakusho's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.65%).
  • Chofu Seisakusho's dividend is below the markets top 25% of dividend payers in Japan (3.69%).
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:5946 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 Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 70 Stocks 2%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2985 Stocks 2.7%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.9%
Japan Bottom 25% Dividend Yield 25th Percentile 1.6%
Japan Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

TSE:5946 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:5946 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-08 32.000 1.390
2019-11-01 32.000 1.283
2019-08-01 32.000 1.391
2019-03-27 32.000 1.414
2019-02-08 32.000 1.429
2018-11-08 32.000 1.460
2018-11-01 32.000 1.377
2018-08-08 32.000 1.316
2018-08-01 32.000 1.320
2018-03-29 32.000 1.296
2018-02-09 32.000 1.312
2017-11-13 32.000 1.222
2017-11-10 32.000 1.167
2017-08-08 32.000 1.186
2017-08-01 32.000 1.186
2017-03-30 32.000 1.195
2017-02-09 32.000 1.181
2016-11-10 32.000 1.216
2016-11-02 32.000 1.255
2016-08-09 32.000 1.239
2016-08-02 32.000 1.269
2016-03-30 32.000 1.255
2016-02-10 32.000 1.255
2015-11-10 32.000 1.221
2015-11-02 32.000 1.265
2015-08-11 32.000 1.329
2015-08-03 32.000 1.156
2015-03-20 32.000 1.104
2015-02-10 32.000 1.061
2014-11-13 32.000 1.074
2014-10-31 32.000 1.004
2014-08-12 32.000 1.132
2014-08-01 32.000 1.255
2014-03-20 32.000 1.235
2014-02-07 32.000 1.334
2013-11-13 30.000 1.274
2013-10-31 30.000 1.346
2013-08-13 30.000 1.364
2013-08-02 30.000 1.388
2013-03-28 30.000 1.390
2013-02-07 30.000 1.545
2012-11-14 30.000 1.599
2012-11-09 30.000 1.747
2012-08-13 30.000 1.657
2012-08-01 30.000 1.746
2012-04-27 30.000 1.681
2012-03-29 30.000 1.566
2012-02-10 30.000 1.539
2011-11-14 30.000 1.531
2011-11-11 30.000 1.579
2011-08-09 30.000 1.458
2011-08-02 30.000 1.464
2011-04-28 30.000 1.522
2011-03-30 30.000 1.522
2011-02-10 30.000 1.586
2010-11-09 28.000 1.516
2010-10-29 28.000 1.708
2010-08-10 28.000 1.497
2010-08-03 28.000 1.452
2010-03-31 28.000 1.426
2010-02-12 28.000 1.313
2009-11-09 28.000 1.424
2009-10-26 28.000 1.537
2009-08-10 28.000 1.489
2009-03-30 28.000 1.495

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 Chofu Seisakusho's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x 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 Chofu Seisakusho's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Chofu Seisakusho afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Chofu Seisakusho 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 Chofu Seisakusho'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
Kazuhiro Hashimoto
AGE 67
TENURE AS CEO 8 years
CEO Bio

Mr. Kazuhiro Hashimoto has been the President of Chofu Seisakusho Co. Ltd. since March 2012. Mr. Hashimoto served as a Managing Director of Chofu Seisakusho Co. Ltd. since April 2010. Mr. Hashimoto served as Plant Manager Shiga Factory of Chofu Seisakusho Co. Ltd since March 2004. Mr. Hashimoto Joined Seisakusho Co. Ltd. in April 1975. He has been the Representative Director of Chofu Seisakusho Co. Ltd. since March 2012 and served as its Director since March 2004.

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

Average tenure and age of the Chofu Seisakusho management team in years:

6.2
Average Tenure
62
Average Age
  • The average tenure for the Chofu Seisakusho management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kazuhiro Hashimoto

TITLE
President & Representative Director
AGE
67
TENURE
8 yrs

Ken Wada

TITLE
GM of Sales & Director
AGE
62

Kiyotaka Taneda

TITLE
MD & Director
AGE
64
TENURE
13.9 yrs

Shuichi Nakamura

TITLE
MD & Director
AGE
64
TENURE
5.9 yrs

Tetsuo Hayashi

TITLE
Manager of Tokyo Branch & Director
AGE
59
TENURE
6.4 yrs

Yoshiaki Egawa

TITLE
GM of Manufacturing & Director
AGE
62
TENURE
5.9 yrs

Yasuhiro Kawakami

TITLE
Manager of Shiga Plant & Director
AGE
57
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Chofu Seisakusho board of directors in years:

8
Average Tenure
63
Average Age
  • The tenure for the Chofu Seisakusho board of directors is about average.
Board of Directors

Yasuo Kawakami

TITLE
Chairman
AGE
73
TENURE
8 yrs

Kazuhiro Hashimoto

TITLE
President & Representative Director
AGE
67
TENURE
8 yrs

Ken Wada

TITLE
GM of Sales & Director
AGE
62
TENURE
7 yrs

Kiyotaka Taneda

TITLE
MD & Director
AGE
64
TENURE
12 yrs

Shuichi Nakamura

TITLE
MD & Director
AGE
64
TENURE
10 yrs

Tetsuo Hayashi

TITLE
Manager of Tokyo Branch & Director
AGE
59
TENURE
6 yrs

Yoshiaki Egawa

TITLE
GM of Manufacturing & Director
AGE
62

Yasuhiro Kawakami

TITLE
Manager of Shiga Plant & Director
AGE
57
TENURE
6 yrs

Masaaki Hino

TITLE
Director
AGE
69

Hiroshi Yamamoto

TITLE
External Director
AGE
61
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 Chofu Seisakusho'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. Chofu Seisakusho 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

Chofu Seisakusho Co., Ltd. manufactures and sells residential appliances in Japan. It offers water heaters comprising oil-fired and gas-fired water heaters, electric water heaters, and oil-fired and gas-fired boilers; bath and kitchen products, including bath units, kitchen units, and bath tubs; air conditioners and heating appliances; and appliances for commercial use. The company also provides eco-friendly appliances, such as co-generation systems; CO2 heat pump water heaters; and solar equipment comprising solar water heaters. It offers products through its showrooms, as well as through a network of dealers. Chofu Seisakusho Co., Ltd. was founded in 1954 and is headquartered in Shimonoseki, Japan.

Details
Name: Chofu Seisakusho Co., Ltd.
5946
Exchange: TSE
Founded: 1954
¥88,550,888,638
34,739,462
Website: http://www.chofu.co.jp
Address: Chofu Seisakusho Co., Ltd.
2-1, Chofu Ogi-machi,
Shimonoseki,
Yamaguchi, 752-8555,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5946 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK CFSK.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
Number of employees
Current staff
Staff numbers
1,244
Chofu Seisakusho employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 14:38
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2019/02/08
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.