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Ain Holdings

TSE:9627
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9627
TSE
¥214B
Market Cap
  1. Home
  2. JP
  3. Consumer Retailing
Company description

Ain Holdings Inc. engages in the dispensing pharmacy, and drug and cosmetic store businesses primarily in Japan. The last earnings update was 24 days ago. More info.


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9627 Share Price and Events
7 Day Returns
-0.2%
TSE:9627
1.3%
JP Consumer Retailing
5.1%
JP Market
1 Year Returns
-27.1%
TSE:9627
3.6%
JP Consumer Retailing
-10.9%
JP Market
9627 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ain Holdings (9627) -0.2% 2.7% -12% -27.1% -20.1% 31.9%
JP Consumer Retailing 1.3% 6.1% -6.5% 3.6% 4.3% 5.6%
JP Market 5.1% 1.7% -17.6% -10.9% -3% -7.5%
1 Year Return vs Industry and Market
  • 9627 underperformed the Consumer Retailing industry which returned 3.6% over the past year.
  • 9627 underperformed the Market in Japan which returned -10.9% over the past year.
Price Volatility
9627
Industry
5yr Volatility vs Market

9627 Value

 Is Ain Holdings 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 Ain Holdings 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 Ain Holdings.

TSE:9627 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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:9627
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 Retailing Unlevered Beta Simply Wall St/ S&P Global 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.393 (1 + (1- 30.86%) (3.37%))
0.6
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.8 * 6.33%)
4.97%

Discounted Cash Flow Calculation for TSE:9627 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ain Holdings 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:9627 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 4.97%)
2020 16,040.00 Analyst x1 15,279.97
2021 11,585.00 Analyst x2 10,513.14
2022 15,124.00 Analyst x2 13,074.39
2023 10,171.00 Analyst x1 8,376.00
2024 13,419.00 Analyst x1 10,527.16
2025 13,456.69 Est @ 0.28% 10,056.52
2026 13,479.52 Est @ 0.17% 9,596.26
2027 13,491.88 Est @ 0.09% 9,149.95
2028 13,496.90 Est @ 0.04% 8,719.64
2029 13,496.78 Est @ -0% 8,306.39
Present value of next 10 years cash flows ¥103,599.00
TSE:9627 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥13,496.78 × (1 + -0.09%) ÷ (4.97% – -0.09%)
¥266,284.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥266,284.12 ÷ (1 + 4.97%)10
¥163,880.70
TSE:9627 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥103,599.00 + ¥163,880.70
¥267,479.70
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥267,479.70 / 35.43
¥7550.06
TSE:9627 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥7,550.06
Current discount Discount to share price of ¥6,030.00
= -1 x (¥6,030.00 - ¥7,550.06) / ¥7,550.06
20.1%

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

Current Discount
Amount off the current price Ain Holdings is available for.
Intrinsic value
20%
Share price is ¥6030 vs Future cash flow value of ¥7550.06
Current Discount Checks
For Ain Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ain Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ain Holdings'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 Ain Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ain Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9627 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in JPY ¥264.15
TSE:9627 Share Price ** TSE (2020-04-09) in JPY ¥6030
Japan Consumer Retailing Industry PE Ratio Median Figure of 84 Publicly-Listed Consumer Retailing Companies 16.3x
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 Ain Holdings.

TSE:9627 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9627 Share Price ÷ EPS (both in JPY)

= 6030 ÷ 264.15

22.83x

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

  • Ain Holdings is overvalued based on earnings compared to the JP Consumer Retailing industry average.
  • Ain Holdings is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Ain Holdings's expected growth come at a high price?
Raw Data
TSE:9627 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
17.9%per year
Japan Consumer Retailing Industry PEG Ratio Median Figure of 35 Publicly-Listed Consumer Retailing Companies 2.24x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

TSE:9627 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.83x ÷ 17.9%

1.28x

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

  • Ain Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ain Holdings's assets?
Raw Data
TSE:9627 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in JPY ¥3,076.93
TSE:9627 Share Price * TSE (2020-04-09) in JPY ¥6030
Japan Consumer Retailing Industry PB Ratio Median Figure of 97 Publicly-Listed Consumer Retailing Companies 1.04x
Japan Market PB Ratio Median Figure of 3,578 Publicly-Listed Companies 0.86x
TSE:9627 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9627 Share Price ÷ Book Value per Share (both in JPY)

= 6030 ÷ 3,076.93

1.96x

* Primary Listing of Ain Holdings.

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

  • Ain Holdings is overvalued based on assets compared to the JP Consumer Retailing industry average.
X
Value checks
We assess Ain Holdings'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 Retailing 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 Retailing industry average (and greater than 0)? (1 check)
  5. Ain Holdings has a total score of 1/6, 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.

9627 Future Performance

 How is Ain Holdings expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

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
17.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ain Holdings expected to grow at an attractive rate?
  • Ain Holdings's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Ain Holdings's earnings growth is expected to exceed the Japan market average.
  • Ain Holdings's revenue growth is expected to exceed the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:9627 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:9627 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 17.9%
TSE:9627 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 9.2%
Japan Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
Japan Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
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:9627 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9627 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-04-30 472,100 39,660 23,420 1
2023-04-30 382,900 33,450 16,360 2
2022-04-30 335,745 24,045 12,189 7
2021-04-30 311,631 19,075 10,178 9
2020-04-30 293,789 17,627 9,441 8
2020-04-09
TSE:9627 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2020-01-31 293,159 9,358
2019-10-31 289,666 16,410 10,012
2019-07-31 283,044 9,418
2019-04-30 275,596 14,788 9,029
2019-01-31 270,864 9,417
2018-10-31 267,824 19,172 9,788
2018-07-31 267,303 10,298
2018-04-30 268,385 21,656 10,567
2018-01-31 266,053 10,442
2017-10-31 263,608 19,205 9,512
2017-07-31 256,386 8,698
2017-04-30 248,110 18,409 7,949

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ain Holdings's earnings are expected to grow by 17.9% yearly, however this is not considered high growth (20% yearly).
  • Ain Holdings's revenue is expected to grow by 9.2% yearly, however this is not considered high growth (20% yearly).
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:9627 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 9 Analyst Estimates (S&P Global) See Below

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

TSE:9627 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-04-30 661.10 661.10 661.10 1.00
2023-04-30 461.77 534.00 389.53 2.00
2022-04-30 344.05 405.30 299.20 7.00
2021-04-30 287.31 308.80 258.30 9.00
2020-04-30 266.48 281.46 253.20 9.00
2020-04-09
TSE:9627 Past Financials Data
Date (Data in JPY Millions) EPS *
2020-01-31 264.15
2019-10-31 282.61
2019-07-31 265.84
2019-04-30 254.86
2019-01-31 265.89
2018-10-31 276.37
2018-07-31 294.15
2018-04-30 310.07
2018-01-31 314.89
2017-10-31 295.12
2017-07-31 274.32
2017-04-30 250.70

*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.
  • Ain Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ain Holdings'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.
Ain Holdings has a total score of 3/6, 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.

9627 Past Performance

  How has Ain Holdings 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 Ain Holdings's growth in the last year to its industry (Consumer Retailing).
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.
  • Ain Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Ain Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Ain Holdings's 1-year earnings growth is negative, it can't be compared to the JP Consumer Retailing industry average.
Earnings and Revenue History
Ain Holdings'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 Ain Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9627 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 293,159.00 9,358.00 24,171.00
2019-10-31 289,666.00 10,012.00 23,286.00
2019-07-31 283,044.00 9,418.00 22,994.00
2019-04-30 275,596.00 9,029.00 22,662.00
2019-01-31 270,864.00 9,417.00 23,389.00
2018-10-31 267,824.00 9,788.00 23,087.00
2018-07-31 267,303.00 10,298.00 22,568.00
2018-04-30 268,385.00 10,567.00 22,428.00
2018-01-31 266,053.00 10,442.00 22,253.00
2017-10-31 263,608.00 9,512.00 22,578.00
2017-07-31 256,386.00 8,698.00 22,295.00
2017-04-30 248,110.00 7,949.00 21,871.00
2017-01-31 247,548.00 7,824.00 22,209.00
2016-10-31 244,763.00 7,477.00 21,552.00
2016-07-31 240,516.00 7,755.00 20,898.00
2016-04-30 234,843.00 7,917.00 19,331.00
2016-01-31 220,905.00 7,257.00 18,923.00
2015-10-31 206,608.00 6,967.00 16,729.00
2015-07-31 196,696.00 6,726.00 14,892.00
2015-04-30 187,904.00 6,197.00 14,027.00
2015-01-31 180,576.00 5,446.00 13,481.00
2014-10-31 175,421.00 4,885.00 13,111.00
2014-07-31 172,365.00 4,747.00 12,740.00
2014-04-30 170,225.00 5,259.00 12,364.00
2014-01-31 165,932.00 5,670.00 12,482.00
2013-10-31 162,494.00 5,837.00 12,151.00
2013-07-31 159,517.00 5,679.00 12,012.00
2013-04-30 154,560.00 5,075.00 11,793.00

*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.
  • Ain Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ain Holdings used its assets more efficiently than the JP Consumer Retailing industry average last year based on Return on Assets.
  • Ain Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ain Holdings'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 Retailing 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.
Ain Holdings 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.

9627 Health

 How is Ain Holdings'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 Ain Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ain Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ain Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ain Holdings'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 12.5x 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 Ain Holdings Company Filings, last reported 2 months ago.

TSE:9627 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 109,074.00 7,205.00 46,276.00
2019-10-31 106,580.00 8,634.00 44,441.00
2019-07-31 104,153.00 10,059.00 40,753.00
2019-04-30 103,922.00 11,556.00 48,091.00
2019-01-31 101,675.00 13,955.00 53,494.00
2018-10-31 98,535.00 16,803.00 57,337.00
2018-07-31 96,815.00 17,538.00 61,725.00
2018-04-30 96,732.00 18,228.00 63,779.00
2018-01-31 94,256.00 21,219.00 60,572.00
2017-10-31 90,778.00 22,065.00 57,059.00
2017-07-31 60,716.00 24,896.00 29,500.00
2017-04-30 60,178.00 25,850.00 29,775.00
2017-01-31 57,631.00 31,562.00 26,292.00
2016-10-31 54,960.00 19,722.00 23,012.00
2016-07-31 53,439.00 21,925.00 26,822.00
2016-04-30 53,323.00 20,544.00 22,647.00
2016-01-31 52,234.00 23,020.00 24,209.00
2015-10-31 50,384.00 23,757.00 30,806.00
2015-07-31 48,709.00 12,866.00 20,465.00
2015-04-30 48,045.00 13,970.00 19,553.00
2015-01-31 46,228.00 14,824.00 23,032.00
2014-10-31 44,286.00 9,811.00 18,549.00
2014-07-31 42,735.00 10,370.00 18,419.00
2014-04-30 42,240.00 11,037.00 18,846.00
2014-01-31 41,668.00 11,831.00 19,023.00
2013-10-31 40,280.00 13,406.00 20,182.00
2013-07-31 38,876.00 14,942.00 19,524.00
2013-04-30 38,355.00 15,531.00 18,460.00
  • Ain Holdings's level of debt (6.2%) 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 (28.9% vs 6.2% today).
  • Debt is well covered by operating cash flow (241.2%, greater than 20% of total debt).
  • Ain Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Ain Holdings'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. Ain Holdings 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.

9627 Dividends

 What is Ain Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.91%
Current annual income from Ain Holdings dividends. Estimated to be 1.08% next year.
If you bought ¥2,000 of Ain Holdings shares you are expected to receive ¥18 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?
  • Ain Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.7%).
  • Ain Holdings's dividend is below the markets top 25% of dividend payers in Japan (3.92%).
Upcoming dividend payment

Purchase Ain Holdings 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:9627 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 9 Analyst Estimates (S&P Global) See Below
Japan Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 93 Stocks 1.8%
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:9627 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-04-30 95.00 1.00
2023-04-30 85.00 1.00
2022-04-30 70.00 5.00
2021-04-30 62.50 6.00
2020-04-30 55.83 6.00
2020-04-09
TSE:9627 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-07-31 55.000 0.879
2019-06-04 55.000 0.853
2018-07-31 55.000 0.661
2018-06-05 55.000 0.680
2017-07-31 50.000 0.668
2017-06-06 50.000 0.616
2016-07-29 50.000 0.667
2016-05-27 50.000 0.693
2015-08-26 40.000 0.715
2015-07-31 30.000 0.492
2015-05-27 40.000 0.770
2014-07-31 30.000 0.894
2014-05-27 30.000 1.267
2013-07-31 30.000 1.332
2013-05-28 30.000 1.428
2013-02-26 30.000 1.265
2012-11-28 30.000 1.259
2012-08-29 30.000 1.151
2012-07-31 25.000 1.002
2012-02-29 25.000 1.139
2011-11-30 25.000 1.404
2011-08-30 25.000 1.487
2011-07-29 25.000 1.663
2011-05-30 25.000 1.565
2011-03-02 22.500 1.547
2010-12-02 22.500 1.556
2010-09-09 22.500 1.645
2010-06-03 22.500 1.358
2010-03-03 17.500 1.248
2009-09-01 17.500 1.491
2009-07-31 17.500 1.467
2009-06-03 17.500 1.700

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

  • Ain Holdings is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • Ain Holdings is not paying a notable dividend for Japan, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Ain Holdings's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Ain Holdings's dividends as it is not paying a notable one for Japan.
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 Ain Holdings'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 Ain Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ain Holdings has a total score of 0/6, see the detailed checks below.


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

9627 Management

 What is the CEO of Ain Holdings'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
Kiichi Otani
AGE 68
TENURE AS CEO 31.9 years
CEO Bio

Mr. Kiichi Otani has been the President and Chairman of Ain Holdings Inc. since May 1988. Mr. Otani has been the President of Ain Medical Systems Co., Ltd. since June 1994. He served as Managing Director of AIN Pharmaciez, Inc. since May 1985. He joined Kyorin Pharmaceutical Co., Ltd. in February 1977. He founded Daiichi Rinsho Kensa Center K.K. (Asahikawa City, now, AIN Pharmaciez, Inc.) in November 1981. He served as the President of AIN Medical Systems, Inc. since June 1994. Mr. Otani served as the President of AIN Aide K.K. since September 1994. He served as the President of Daiichi Rinsho Kensa Center K.K. and Sapporo Laboratory (now Daiichi Rinsho Kensa Center K.K.) since June 1997. He served as the Chairman of AIN Medical Systems, Inc. since February 1997. He has been a Director of Seven Healthcare K.K. since June 2009. Mr. Otani has been a Director of Ain Holdings Inc. since May 1988. He served as a Director since June 1994. He served as a Director of AIN Aide K.K. since September 1994. Mr. Otani served as a Director of Daiichi Rinsho Kensa Center K.K. Sapporo Laboratory since June 1997. He Director of AIN Medical Systems, Inc. since June 1994.

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

Average tenure and age of the Ain Holdings management team in years:

13.8
Average Tenure
60
Average Age
  • The average tenure for the Ain Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kiichi Otani

TITLE
Chairman & President
AGE
68
TENURE
31.9 yrs

Miya Oishi

TITLE
MD, Senior GM of Operations Department & Director
AGE
59

Rieko Kimei

TITLE
Head of Personal Department & Director

Shoichi Shudo

TITLE
Representative Senior MD & Representative Director
AGE
60
TENURE
16.9 yrs

Toshihide Mizushima

TITLE
Representative Senior MD
AGE
59
TENURE
7.9 yrs

Masahito Sakurai

TITLE
Representative Senior MD & Representative Director
AGE
70
TENURE
10.8 yrs
Board of Directors Tenure

Average tenure and age of the Ain Holdings board of directors in years:

5.8
Average Tenure
64
Average Age
  • The tenure for the Ain Holdings board of directors is about average.
Board of Directors

Kiichi Otani

TITLE
Chairman & President
AGE
68

Miya Oishi

TITLE
MD, Senior GM of Operations Department & Director
AGE
59
TENURE
7.8 yrs

Rieko Kimei

TITLE
Head of Personal Department & Director
TENURE
5.8 yrs

Shoichi Shudo

TITLE
Representative Senior MD & Representative Director
AGE
60
TENURE
19.8 yrs

Toshihide Mizushima

TITLE
Representative Senior MD
AGE
59
TENURE
19.8 yrs

Masahito Sakurai

TITLE
Representative Senior MD & Representative Director
AGE
70
TENURE
4.4 yrs

Ko Mori

TITLE
Outside Independent Director
TENURE
7.8 yrs

Hidehiro Awaji

TITLE
Director
TENURE
1.8 yrs

Masato Sakai

TITLE
Director
TENURE
1.8 yrs

Yasuyuki Hamada

TITLE
Outside Independent Director
AGE
71
TENURE
4.8 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 Ain Holdings'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. Ain Holdings 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.

9627 News

Simply Wall St News

9627 Company Info

Description

Ain Holdings Inc. engages in the dispensing pharmacy, and drug and cosmetic store businesses primarily in Japan. Its Dispensing Pharmacy segment operates dispensing pharmacies; sells generic drugs; and provides staff dispatching and introduction services, as well as consulting services. The company’s Cosmetic and Drug Store segment manages cosmetic and drug stores under the ainz & tulpe brand. Its Other segment is involved in real estate rental business. Ain Holdings Inc. operates 1,029 dispensing pharmacies; and 48 cosmetic and drug stores. The company was formerly known as Ain Pharmaciez Inc. and changed its name to Ain Holdings Inc. in November 2015. Ain Holdings Inc. was founded in 1969 and is headquartered in Sapporo, Japan.

Details
Name: Ain Holdings Inc.
9627
Exchange: TSE
Founded: 1969
¥213,627,728,520
35,427,484
Website: http://www.ainj.co.jp
Address: Ain Holdings Inc.
5-2-4-30, Higashisapporo,
Shiroishi-ku,
Sapporo,
Hokkaido, 003-0005,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9627 Common Stock The Tokyo Stock Exchange JP JPY 17. May 1994
OTCPK AINP.F Common Stock Pink Sheets LLC US USD 17. May 1994
Number of employees
Current staff
Staff numbers
7,662
Ain Holdings employees.
Industry
Drug Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 16:23
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/03/16
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/04/30


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

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