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Skylark Holdings

TSE:3197
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3197
TSE
¥432B
Market Cap
  1. Home
  2. JP
  3. Consumer Services
Company description

Skylark Holdings Co., Ltd. operates restaurants in Japan and internationally. The last earnings update was 26 days ago. More info.


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3197 Share Price and Events
7 Day Returns
-1.3%
TSE:3197
-0.9%
JP Hospitality
0.1%
JP Market
1 Year Returns
12.1%
TSE:3197
13.7%
JP Hospitality
8.3%
JP Market
3197 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Skylark Holdings (3197) -1.3% 8.8% 15.5% 12.1% 36% 76.9%
JP Hospitality -0.9% 0.7% 2.1% 13.7% 54.4% 71.7%
JP Market 0.1% 1.1% 10% 8.3% 14% 28%
1 Year Return vs Industry and Market
  • 3197 underperformed the Hospitality industry which returned 13.7% over the past year.
  • 3197 outperformed the Market in Japan which returned 8.3% over the past year.
Price Volatility
3197
Industry
5yr Volatility vs Market

3197 Value

 Is Skylark 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 Skylark 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 Skylark Holdings.

TSE:3197 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
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:3197
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.914 (1 + (1- 30.86%) (30.03%))
1.069
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.069 * 6.33%)
6.68%

Discounted Cash Flow Calculation for TSE:3197 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Skylark 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:3197 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.68%)
2020 43,810.00 Analyst x2 41,067.11
2021 45,286.00 Analyst x2 39,792.91
2022 46,240.64 Est @ 2.11% 38,087.84
2023 46,910.49 Est @ 1.45% 36,220.41
2024 47,373.51 Est @ 0.99% 34,287.81
2025 47,688.03 Est @ 0.66% 32,354.48
2026 47,896.79 Est @ 0.44% 30,461.57
2027 48,030.62 Est @ 0.28% 28,634.19
2028 48,111.60 Est @ 0.17% 26,886.69
2029 48,155.39 Est @ 0.09% 25,226.29
Present value of next 10 years cash flows ¥333,019.00
TSE:3197 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥48,155.39 × (1 + -0.09%) ÷ (6.68% – -0.09%)
¥710,764.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥710,764.66 ÷ (1 + 6.68%)10
¥372,335.34
TSE:3197 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥333,019.00 + ¥372,335.34
¥705,354.34
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥705,354.34 / 197.50
¥3571.37
TSE:3197 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥3,571.37
Current discount Discount to share price of ¥2,187.00
= -1 x (¥2,187.00 - ¥3,571.37) / ¥3,571.37
38.8%

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

Current Discount
Amount off the current price Skylark Holdings is available for.
Intrinsic value
39%
Share price is ¥2187 vs Future cash flow value of ¥3571.37
Current Discount Checks
For Skylark Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Skylark Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Skylark 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 Skylark Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Skylark Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:3197 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥62.66
TSE:3197 Share Price ** TSE (2019-12-10) in JPY ¥2187
Japan Hospitality Industry PE Ratio Median Figure of 100 Publicly-Listed Hospitality Companies 27.78x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.6x

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

** Primary Listing of Skylark Holdings.

TSE:3197 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3197 Share Price ÷ EPS (both in JPY)

= 2187 ÷ 62.66

34.9x

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

  • Skylark Holdings is overvalued based on earnings compared to the JP Hospitality industry average.
  • Skylark Holdings is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Skylark Holdings's expected growth come at a high price?
Raw Data
TSE:3197 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
2%per year
Japan Hospitality Industry PEG Ratio Median Figure of 51 Publicly-Listed Hospitality Companies 2.29x
Japan Market PEG Ratio Median Figure of 1,367 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

TSE:3197 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.9x ÷ 2%

17.2x

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

  • Skylark Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Skylark Holdings's assets?
Raw Data
TSE:3197 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥675.34
TSE:3197 Share Price * TSE (2019-12-10) in JPY ¥2187
Japan Hospitality Industry PB Ratio Median Figure of 137 Publicly-Listed Hospitality Companies 2.56x
Japan Market PB Ratio Median Figure of 3,527 Publicly-Listed Companies 1.13x
TSE:3197 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3197 Share Price ÷ Book Value per Share (both in JPY)

= 2187 ÷ 675.34

3.24x

* Primary Listing of Skylark Holdings.

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

  • Skylark Holdings is overvalued based on assets compared to the JP Hospitality industry average.
X
Value checks
We assess Skylark 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 Hospitality 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 Hospitality industry average (and greater than 0)? (1 check)
  5. Skylark 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.

3197 Future Performance

 How is Skylark Holdings expected to perform in the next 1 to 3 years based on estimates from 5 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
2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Skylark Holdings expected to grow at an attractive rate?
  • Skylark Holdings's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Skylark Holdings's earnings growth is positive but not above the Japan market average.
  • Skylark Holdings's revenue growth is positive but not above the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:3197 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:3197 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 2%
TSE:3197 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 1.4%
Japan Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15.2%
Japan Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSE:3197 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:3197 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 385,248 65,607 12,302 5
2020-12-31 379,786 65,353 11,927 5
2019-12-31 374,442 74,410 11,646 5
2019-12-10
TSE:3197 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 375,682 57,047 12,359
2019-06-30 374,351 50,875 11,742
2019-03-31 370,137 40,775 11,342
2018-12-31 366,360 31,571 11,438
2018-09-30 365,051 33,117 12,456
2018-06-30 362,757 35,848 14,207
2018-03-31 361,420 36,858 16,009
2017-12-31 359,445 31,510 16,926
2017-09-30 360,124 37,261 18,494
2017-06-30 357,697 36,723 18,282
2017-03-31 355,678 36,723 18,618
2016-12-31 354,513 36,029 18,213

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Skylark Holdings's earnings are expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
  • Skylark Holdings's revenue is expected to grow by 1.4% 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:3197 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 5 Analyst Estimates (S&P Global) See Below

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

TSE:3197 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 62.37 67.90 56.06 5.00
2020-12-31 60.48 65.25 57.08 5.00
2019-12-31 59.05 60.51 57.59 5.00
2019-12-10
TSE:3197 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 62.66
2019-06-30 59.56
2019-03-31 57.55
2018-12-31 58.04
2018-09-30 63.23
2018-06-30 72.17
2018-03-31 81.49
2017-12-31 86.39
2017-09-30 94.65
2017-06-30 93.77
2017-03-31 95.60
2016-12-31 93.56

*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.
  • Skylark Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Skylark 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.
Skylark Holdings has a total score of 1/6, 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.

3197 Past Performance

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

TSE:3197 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 375,682.00 12,359.00 223,790.00
2019-06-30 374,351.00 11,742.00 223,035.00
2019-03-31 370,137.00 11,342.00 220,591.00
2018-12-31 366,360.00 11,438.00 217,816.00
2018-09-30 365,051.00 12,456.00 216,199.00
2018-06-30 362,757.00 14,207.00 213,653.00
2018-03-31 361,420.00 16,009.00 211,487.00
2017-12-31 359,445.00 16,926.00 209,869.00
2017-09-30 360,124.00 18,494.00 207,501.00
2017-06-30 357,697.00 18,282.00 205,854.00
2017-03-31 355,678.00 18,618.00 203,707.00
2016-12-31 354,513.00 18,213.00 202,736.00
2016-09-30 351,436.00 16,887.00 202,339.00
2016-06-30 351,452.00 16,247.00 202,062.00
2016-03-31 351,912.00 14,862.00 203,669.00
2015-12-31 351,146.00 15,109.00 202,721.00
2015-09-30 349,173.00 14,463.00 202,244.00
2015-06-30 347,010.00 11,581.00 201,341.00
2015-03-31 344,078.00 11,224.00 198,476.00
2014-12-31 340,002.00 9,469.00 197,744.00
2014-09-30 337,484.00 8,268.00 209,158.00
2013-12-31 332,484.00 7,087.00 206,969.00
2012-12-31 329,685.00 7,006.00 205,266.00

*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.
  • Skylark Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Skylark Holdings used its assets less efficiently than the JP Hospitality industry average last year based on Return on Assets.
  • Skylark Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Skylark 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 Hospitality 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.
Skylark Holdings has a total score of 1/6, 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.

3197 Health

 How is Skylark 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 Skylark Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Skylark Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Skylark Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Skylark 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 not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Skylark Holdings Company Filings, last reported 2 months ago.

TSE:3197 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 133,382.00 129,690.00 16,773.00
2019-06-30 129,905.00 129,568.00 18,072.00
2019-03-31 127,239.00 133,206.00 18,123.00
2018-12-31 130,453.00 133,054.00 18,908.00
2018-09-30 129,288.00 130,465.00 16,031.00
2018-06-30 127,401.00 127,316.00 14,363.00
2018-03-31 125,084.00 129,603.00 15,878.00
2017-12-31 125,409.00 129,224.00 15,094.00
2017-09-30 122,265.00 128,972.00 12,806.00
2017-06-30 118,567.00 134,199.00 17,622.00
2017-03-31 113,619.00 133,939.00 13,503.00
2016-12-31 114,198.00 131,807.00 16,222.00
2016-09-30 109,309.00 134,039.00 10,236.00
2016-06-30 105,920.00 136,260.00 11,678.00
2016-03-31 102,131.00 138,483.00 10,837.00
2015-12-31 103,287.00 140,699.00 18,245.00
2015-09-30 100,043.00 140,413.00 13,030.00
2015-06-30 97,150.00 145,115.00 18,068.00
2015-03-31 93,912.00 145,128.00 17,540.00
2014-12-31 93,757.00 149,347.00 23,383.00
2014-09-30 86,615.00 149,061.00 13,337.00
2013-12-31 73,983.00 164,756.00 13,883.00
2012-12-31 93,707.00 135,198.00 11,783.00
  • Skylark Holdings's level of debt (93.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (172.1% vs 93.6% today).
  • Debt is well covered by operating cash flow (45.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.3x coverage).
X
Financial health checks
We assess Skylark 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. Skylark Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

3197 Dividends

 What is Skylark 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
0.87%
Current annual income from Skylark Holdings dividends. Estimated to be 0.89% next year.
If you bought ¥2,000 of Skylark Holdings shares you are expected to receive ¥17 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?
  • Skylark Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.33%).
  • Skylark Holdings's dividend is below the markets top 25% of dividend payers in Japan (2.93%).
Upcoming dividend payment

Purchase Skylark 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:3197 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 5 Analyst Estimates (S&P Global) See Below
Japan Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 98 Stocks 0.7%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2973 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 2.9%

Industry and Market average data is calculated daily.

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

TSE:3197 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 19.75 4.00
2020-12-31 19.75 4.00
2019-12-31 19.20 5.00
2019-12-10
TSE:3197 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-14 19.000 0.874
2019-08-14 19.000 0.992
2019-05-15 19.000 0.988
2019-03-29 19.000 1.045
2019-02-14 19.000 1.089
2018-11-14 38.000 2.084
2018-03-30 38.000 2.323
2018-02-14 38.000 2.557
2017-08-09 40.000 2.448
2017-03-31 40.000 2.364
2017-02-09 40.000 2.394
2016-11-09 38.000 2.432
2016-08-10 38.000 2.780
2016-03-31 38.000 2.833
2016-02-10 38.000 2.566
2015-11-12 36.400 2.408
2015-08-13 36.400 2.237
2015-05-14 30.000 1.776
2015-03-30 30.000 1.854
2015-02-12 30.000 2.123

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

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


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

3197 Management

 What is the CEO of Skylark 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
Makoto Tani
COMPENSATION ¥382,000,000
AGE 68
TENURE AS CEO 11.3 years
CEO Bio

Mr. Makoto Tani has been the Chief Executive Officer at Skylark Co., Ltd since August 2008. Mr. Tani has been the President of Skylark Co., Ltd. since August 18, 2008. Mr. Tani has been a Director of Skylark Co., Ltd. since August 2008. Mr. Tani Entered Former Skylark 1 in April 1977. Mr. Tani served as Director and General Manager of Sales Division of NILAX Inc. since December 1987. Mr. Tani served as the President at Skylark Co., Ltd. since January 2000. He served as President and Chief Executive Officer of NILAX Inc. since January 2000. He served as Managing Executive Officer and General Manager of No. 2 Sales Division of former Skylark 2 since October 2007. He has been Chairman of the Board at Skylark Co., Ltd since March 29, 2018.

CEO Compensation
  • Makoto's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Makoto's remuneration is higher than average for companies of similar size in Japan.
Management Team Tenure

Average tenure of the Skylark Holdings management team in years:

5.9
Average Tenure
  • The average tenure for the Skylark Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Makoto Tani

TITLE
Chairman
COMPENSATION
¥382M
AGE
68
TENURE
11.3 yrs

Atsushi Kitamura

TITLE
Executive Officer
TENURE
2.8 yrs

Yukihiro Wada

TITLE
Managing Officer
TENURE
1.4 yrs

Minoru Himeno

TITLE
Executive Officer & MD of Supply Chain Purchasing Division
TENURE
8.9 yrs

Toshiaki Aihara

TITLE
Executive Officer & MD of Supply Chain Production Division
TENURE
7.9 yrs

Minoru Kanaya

TITLE
Managing Exec. Officer
TENURE
0.7 yrs

Shigeto Kadowaki

TITLE
Executive Officer & MD of Store Development Division
TENURE
6.9 yrs

Nobuyuki Katayama

TITLE
Executive Officer & Managing Director of Supply Chain Purchasing Division

Haruyoshi Sakita

TITLE
Executive Officer

Sumio Matsumoto

TITLE
Executive Officer
TENURE
4.9 yrs
Board of Directors Tenure

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

2.3
Average Tenure
68
Average Age
  • The average tenure for the Skylark Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Makoto Tani

TITLE
Chairman
COMPENSATION
¥382M
AGE
68
TENURE
1.8 yrs

Atsushi Kitamura

TITLE
Executive Officer
TENURE
2.8 yrs

Yukihiro Wada

TITLE
Managing Officer
TENURE
1.4 yrs

Minoru Kanaya

TITLE
Managing Exec. Officer
TENURE
1.8 yrs

Haruyoshi Sakita

TITLE
Executive Officer
TENURE
1.8 yrs

Atsushi Nishijo

TITLE
Independent Outside Director
AGE
77
TENURE
5.8 yrs

Fumio Tahara

TITLE
Outside Director
AGE
71
TENURE
1.8 yrs

Atsushi Yokoyama

TITLE
Outside Director
AGE
50
TENURE
4.8 yrs

Makoto Suzuki

TITLE
Corporate Auditor
AGE
62
TENURE
8.8 yrs

Mitsuhiro Nagata

TITLE
Outside Corporate Auditor
TENURE
3.7 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 Skylark 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. Skylark 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.

3197 News

Simply Wall St News

3197 Company Info

Description

Skylark Holdings Co., Ltd. operates restaurants in Japan and internationally. The company operates Western, Chinese, Japanese, Sushi, and Italian restaurants primarily under the Gusto, Bamiyan, Jonathan´s, Syabuyo, Yumean, Steak Gusto, Grazie Gardens, Aiya, S Gusto, Totoyamichi, chawan, miwami, Tonkaratei, Katsukyu, Karayoshi, Bamiyan Ken, MUSASHI NO MORI COFFEE, Tomato and Onion, Jyu-Jyu Karubi, and FLO PRESTIGE brand names. It also provides delivery and take-out services. As of September 30, 2019, it operated 3,235 stores in Japan and internationally. The company was formerly known as Skylark Co., Ltd. and changed its name to Skylark Holdings Co., Ltd. in July 2018. Skylark Holdings Co., Ltd. was founded in 1962 and is based in Musashino, Japan.

Details
Name: Skylark Holdings Co., Ltd.
3197
Exchange: TSE
Founded: 1962
¥431,937,311,400
197,502,200
Website: http://www.skylark.co.jp
Address: Skylark Holdings Co., Ltd.
1-25-8 Nishikubo,
Musashino-shi,
Musashino,
Tokyo, 180-8580,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3197 Common Stock The Tokyo Stock Exchange JP JPY 09. Oct 2014
OTCPK SKLY.F Common Stock Pink Sheets LLC US USD 09. Oct 2014
DB SKX Common Stock Deutsche Boerse AG DE EUR 09. Oct 2014
Number of employees
Current staff
Staff numbers
6,269
Skylark Holdings employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/10 16:14
End of day share price update: 2019/12/10 00:00
Last estimates confirmation: 2019/12/04
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.