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Zensho Holdings

TSE:7550
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7550
TSE
¥374B
Market Cap
  1. Home
  2. JP
  3. Consumer Services
Company description

Zensho Holdings Co., Ltd. manages food service chain restaurants in Japan and internationally. The last earnings update was 29 days ago. More info.


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7550 Share Price and Events
7 Day Returns
-0.1%
TSE:7550
0.1%
JP Hospitality
-0.3%
JP Market
1 Year Returns
-14.1%
TSE:7550
14.2%
JP Hospitality
6.1%
JP Market
7550 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zensho Holdings (7550) -0.1% 8.7% 5.3% -14.1% 32.8% 159.9%
JP Hospitality 0.1% -0.6% 1.9% 14.2% 58.2% 76.3%
JP Market -0.3% 0.7% 10.6% 6.1% 14.6% 25.5%
1 Year Return vs Industry and Market
  • 7550 underperformed the Hospitality industry which returned 14.2% over the past year.
  • 7550 underperformed the Market in Japan which returned 6.1% over the past year.
Price Volatility
7550
Industry
5yr Volatility vs Market

7550 Value

 Is Zensho 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 Zensho 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 Zensho Holdings.

TSE:7550 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
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:7550
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))
= 0.912 (1 + (1- 30.86%) (48.91%))
1.147
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.147 * 6.33%)
7.17%

Discounted Cash Flow Calculation for TSE:7550 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zensho 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:7550 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.17%)
2020 5,532.00 Analyst x2 5,161.75
2021 12,475.00 Analyst x2 10,861.00
2022 13,067.00 Analyst x2 10,614.99
2023 14,352.00 Analyst x1 10,878.54
2024 18,022.00 Analyst x1 12,746.06
2025 19,579.17 Est @ 8.64% 12,920.57
2026 20,758.08 Est @ 6.02% 12,781.72
2027 21,627.40 Est @ 4.19% 12,425.70
2028 22,255.57 Est @ 2.9% 11,930.81
2029 22,702.06 Est @ 2.01% 11,355.62
Present value of next 10 years cash flows ¥111,676.00
TSE:7550 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥22,702.06 × (1 + -0.09%) ÷ (7.17% – -0.09%)
¥312,289.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥312,289.68 ÷ (1 + 7.17%)10
¥156,208.05
TSE:7550 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥111,676.00 + ¥156,208.05
¥267,884.05
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥267,884.05 / 149.94
¥1786.66
TSE:7550 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,786.66
Current discount Discount to share price of ¥2,495.00
= -1 x (¥2,495.00 - ¥1,786.66) / ¥1,786.66
-39.6%

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

  • The current share price of Zensho Holdings 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 Zensho Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zensho Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:7550 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥85.63
TSE:7550 Share Price ** TSE (2019-12-04) in JPY ¥2495
Japan Hospitality Industry PE Ratio Median Figure of 100 Publicly-Listed Hospitality Companies 28.2x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.44x

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

** Primary Listing of Zensho Holdings.

TSE:7550 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7550 Share Price ÷ EPS (both in JPY)

= 2495 ÷ 85.63

29.14x

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

  • Zensho Holdings is overvalued based on earnings compared to the JP Hospitality industry average.
  • Zensho Holdings is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Zensho Holdings's expected growth come at a high price?
Raw Data
TSE:7550 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.14x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
5.9%per year
Japan Hospitality Industry PEG Ratio Median Figure of 52 Publicly-Listed Hospitality Companies 2.33x
Japan Market PEG Ratio Median Figure of 1,368 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

TSE:7550 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.14x ÷ 5.9%

4.91x

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

  • Zensho Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Zensho Holdings's assets?
Raw Data
TSE:7550 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥520.23
TSE:7550 Share Price * TSE (2019-12-04) in JPY ¥2495
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 1.12x
TSE:7550 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7550 Share Price ÷ Book Value per Share (both in JPY)

= 2495 ÷ 520.23

4.8x

* Primary Listing of Zensho Holdings.

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

  • Zensho Holdings is overvalued based on assets compared to the JP Hospitality industry average.
X
Value checks
We assess Zensho 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. Zensho Holdings 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.

7550 Future Performance

 How is Zensho Holdings expected to perform in the next 1 to 3 years based on estimates from 2 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
5.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zensho Holdings expected to grow at an attractive rate?
  • Zensho Holdings's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Zensho Holdings's earnings growth is positive but not above the Japan market average.
  • Zensho Holdings's revenue growth is positive but not above the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:7550 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:7550 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 5.9%
TSE:7550 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.8%
Japan Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15.2%
Japan Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 6.7%
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:7550 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:7550 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 720,700 16,100 1
2023-03-31 701,900 15,400 1
2022-03-31 700,050 39,600 16,270 2
2021-03-31 675,900 38,090 14,870 2
2020-03-31 651,850 34,506 12,920 2
2019-12-06
TSE:7550 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 627,772 34,677 12,542
2019-06-30 616,951 10,693
2019-03-31 607,679 33,129 9,924
2018-12-31 598,200 7,526
2018-09-30 587,888 35,590 7,891
2018-06-30 581,339 7,413
2018-03-31 579,108 37,162 8,001
2017-12-31 573,850 7,747
2017-09-30 566,361 33,397 8,632
2017-06-30 557,405 9,478
2017-03-31 544,028 37,049 8,443
2016-12-31 534,990 8,255

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zensho Holdings's earnings are expected to grow by 5.9% yearly, however this is not considered high growth (20% yearly).
  • Zensho Holdings's revenue is expected to grow by 2.8% 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:7550 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 2 Analyst Estimates (S&P Global) See Below

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

TSE:7550 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 108.65 119.70 97.60 2.00
2021-03-31 99.25 106.30 92.20 2.00
2020-03-31 86.30 87.00 85.60 2.00
2019-12-06
TSE:7550 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 85.63
2019-06-30 73.29
2019-03-31 67.93
2018-12-31 51.47
2018-09-30 53.81
2018-06-30 50.37
2018-03-31 54.18
2017-12-31 52.29
2017-09-30 58.23
2017-06-30 63.94
2017-03-31 56.86
2016-12-31 55.55

*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.
  • Zensho Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Zensho 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.
Zensho 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.

7550 Past Performance

  How has Zensho 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 Zensho 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.
  • Zensho Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Zensho Holdings's 1-year earnings growth exceeds its 5-year average (58.9% vs 49.9%)
  • Zensho Holdings's earnings growth has exceeded the JP Hospitality industry average in the past year (58.9% vs 2.8%).
Earnings and Revenue History
Zensho 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 Zensho Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:7550 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 627,772.00 12,542.00 337,375.00
2019-06-30 616,951.00 10,693.00 332,473.00
2019-03-31 607,679.00 9,924.00 327,619.00
2018-12-31 598,200.00 7,526.00 321,720.00
2018-09-30 587,888.00 7,891.00 316,301.00
2018-06-30 581,339.00 7,413.00 312,453.00
2018-03-31 579,108.00 8,001.00 310,010.00
2017-12-31 573,850.00 7,747.00 307,057.00
2017-09-30 566,361.00 8,632.00 303,038.00
2017-06-30 557,405.00 9,478.00 298,189.00
2017-03-31 544,028.00 8,443.00 293,401.00
2016-12-31 534,990.00 8,255.00 289,953.00
2016-09-30 530,873.00 6,462.00 288,532.00
2016-06-30 528,013.00 5,005.00 287,125.00
2016-03-31 525,709.00 4,026.00 285,580.00
2015-12-31 525,050.00 -5,254.00 270,212.00
2015-09-30 523,706.00 -6,426.00 271,511.00
2015-06-30 517,800.00 -9,079.00 272,418.00
2015-03-31 511,810.00 -11,138.00 272,573.00
2014-12-31 504,005.00 -2,162.00 268,773.00
2014-09-30 492,315.00 -1,532.00 263,316.00
2014-06-30 479,220.00 -1,294.00 258,360.00
2014-03-31 468,377.00 1,103.00 253,373.00
2013-12-31 457,090.00 54.00 251,082.00
2013-09-30 439,608.00 2,286.00 244,499.00
2013-06-30 428,023.00 4,769.00 237,915.00
2013-03-31 417,577.00 5,058.00 233,685.00
2012-12-31 414,115.00 3,667.00 235,655.00

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

7550 Health

 How is Zensho 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 Zensho Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zensho Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zensho Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Zensho 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 0.6x 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 Zensho Holdings Company Filings, last reported 2 months ago.

TSE:7550 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 88,420.00 182,953.00 35,795.00
2019-06-30 83,223.00 189,710.00 36,665.00
2019-03-31 87,083.00 196,236.00 57,240.00
2018-12-31 85,763.00 176,355.00 34,555.00
2018-09-30 86,742.00 165,788.00 57,308.00
2018-06-30 82,443.00 160,588.00 44,722.00
2018-03-31 82,204.00 137,099.00 26,142.00
2017-12-31 83,607.00 140,065.00 22,819.00
2017-09-30 85,617.00 135,215.00 24,220.00
2017-06-30 81,634.00 132,508.00 23,647.00
2017-03-31 82,106.00 137,144.00 22,274.00
2016-12-31 81,892.00 139,407.00 24,060.00
2016-09-30 76,618.00 124,334.00 16,684.00
2016-06-30 71,608.00 138,948.00 19,656.00
2016-03-31 75,059.00 139,799.00 20,925.00
2015-12-31 75,896.00 141,827.00 20,565.00
2015-09-30 76,073.00 137,607.00 18,793.00
2015-06-30 74,170.00 150,093.00 22,019.00
2015-03-31 74,232.00 149,182.00 29,428.00
2014-12-31 80,317.00 160,669.00 42,003.00
2014-09-30 79,675.00 147,961.00 35,030.00
2014-06-30 77,816.00 154,595.00 43,402.00
2014-03-31 81,290.00 147,075.00 44,313.00
2013-12-31 55,472.00 153,962.00 19,249.00
2013-09-30 55,093.00 140,132.00 16,438.00
2013-06-30 54,565.00 141,518.00 16,494.00
2013-03-31 55,219.00 138,241.00 18,657.00
2012-12-31 54,927.00 140,907.00 18,050.00
  • Zensho Holdings's level of debt (188.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (173.9% vs 188.4% today).
  • Debt is well covered by operating cash flow (20.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.1x coverage).
X
Financial health checks
We assess Zensho 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. Zensho 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.

7550 Dividends

 What is Zensho 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
0.8%
Current annual income from Zensho Holdings dividends. Estimated to be 0.84% next year.
If you bought ¥2,000 of Zensho Holdings shares you are expected to receive ¥16 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?
  • Zensho Holdings's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • Zensho Holdings's dividend is below the markets top 25% of dividend payers in Japan (2.98%).
Upcoming dividend payment

Purchase Zensho 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:7550 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 2 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 2972 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 3%

Industry and Market average data is calculated daily.

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

TSE:7550 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 21.50 2.00
2021-03-31 21.00 2.00
2020-03-31 20.00 2.00
2019-12-06
TSE:7550 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-07 20.000 0.796
2019-06-24 20.000 0.852
2019-05-14 20.000 0.888
2019-02-05 18.000 0.717
2018-11-07 18.000 0.676
2018-06-25 18.000 0.777
2018-05-10 18.000 0.655
2018-02-06 18.000 0.761
2017-11-08 18.000 0.934
2017-06-30 18.000 0.873
2017-05-11 18.000 0.879
2017-02-14 18.000 0.953
2016-11-08 18.000 0.931
2016-06-27 16.000 0.918
2016-05-12 16.000 1.101
2016-02-09 8.000 0.575
2015-11-05 8.000 0.550
2015-08-07 0.000 0.000
2015-06-22 8.000 0.681
2015-05-12 8.000 0.696
2015-02-10 0.000 0.000
2014-08-08 8.000 0.809
2014-06-25 16.000 1.571
2014-05-14 16.000 1.605
2014-02-03 16.000 1.504
2013-11-12 16.000 1.446
2013-06-21 16.000 1.409
2013-05-14 16.000 1.420
2013-02-01 16.000 1.307
2012-11-12 16.000 1.603
2012-08-01 16.000 1.613
2012-06-20 16.000 1.608
2012-05-09 16.000 1.612
2012-02-10 16.000 1.590
2011-11-10 16.000 1.559
2011-06-22 14.000 1.373
2011-05-13 14.000 1.425
2011-02-10 14.000 1.656
2011-02-02 14.000 1.629
2010-11-10 14.000 1.746
2010-11-04 14.000 1.935
2010-08-04 14.000 1.789
2010-06-28 12.000 1.456
2010-05-12 12.000 1.427
2010-02-12 12.000 1.725
2010-02-10 12.000 1.810
2009-11-12 12.000 1.867
2009-11-11 12.000 1.949
2009-08-12 12.000 1.854
2009-05-13 12.000 2.274
2009-02-13 12.000 2.484
2009-02-12 12.000 2.398

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Zensho Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (9.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zensho 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 Zensho Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zensho Holdings has a total score of 2/6, see the detailed checks below.


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

7550 Management

 What is the CEO of Zensho 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
Kentaro Ogawa
COMPENSATION ¥172,000,000
AGE 71
CEO Bio

Mr. Kentaro Ogawa established Zensho Co., Ltd. (now: Zensho Holdings Co., Ltd.) in June 1982 and has been its Chairman since June 2009 and its Chief Executive Officer. Mr. Ogawa has been the President of Zensho Holdings Co., Ltd. since June 2009. He is employed at Zensho America Corporation. He founded Japan Create, Ltd. (now Japan Create Co., Ltd.) in December 1988, Techno Support Co., Ltd. in October 2000, Global Foods Co., Ltd. in November 2000 and Hamazushi Co., Ltd. in October 2002. He has been the President of Japan Create, Ltd. since December 1988, Techno Support Co., Ltd. since October 2000 and Global Foods Co., Ltd. since November 2000. He served as the President of Zensho America Corporation since October 2004. He served as Adviser of Coco's Japan Co., Ltd. since July 2000. He has been the Chairman of Maruya Co., Ltd. since December 2012, Sunday's Sun, Inc. since June 2007, Coco's Japan Co., Ltd. since September 2000, Hamazushi Co., Ltd. since October 2002, Japan Wendy's Corporation since December 2002, Big Boy Japan, Inc. since December 2002 and Kappa Create Co., Ltd. since May 2007. He serves as the Chairman of the Board of Directors of NAKAU Co.,Ltd. He served as the Chairman of Zensho America Corporation since October 2004, KeKou Restaurant Management (Shanghai) Co., Ltd. since January 2005 and Catalina Restaurant Group, Inc. since May 2006. He serves as Director of Coco's Japan Co., Ltd. He has been a Representative Director of Japan Create Co., Ltd. since December 1988, Techno Support Co., Ltd. since October 2000, Global Foods Co., Ltd. since November 2000, Hamazushi Co., Ltd. since October 2002, Japan Wendy's Corporation since December 2002 and Big Boy Japan, Inc. since December 2002. Mr. Ogawa has been a Representative Director of Zensho Holdings Co., Ltd. since June 2009.

CEO Compensation
  • Kentaro's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kentaro's remuneration is higher than average for companies of similar size in Japan.
Management Team Tenure

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

5.5
Average Tenure
63
Average Age
  • The average tenure for the Zensho Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kentaro Ogawa

TITLE
Chairman
COMPENSATION
¥172M
AGE
71

Yoshiro Kunii

TITLE
MD, GM of Group Personnel Division & Director
AGE
69
TENURE
4.9 yrs

Kazumasa Ogawa

TITLE
MD, GM of Global Business Promotion Division & Director
AGE
42
TENURE
5.5 yrs

Koichi Takei

TITLE
Head of Group Planning Division
AGE
76
TENURE
6.5 yrs

Masashi Imamura

TITLE
Managing Director
TENURE
0.4 yrs

Yoshimi Enomoto

TITLE
General Manager of Group Food Safety Investigation Division
AGE
63
TENURE
5.7 yrs

Naomi Eto

TITLE
GM of Group General Affairs Division & Director
AGE
63
TENURE
5.8 yrs

Yohei Ogawa

TITLE
GM of Group Management Strategy & Director
AGE
40
TENURE
2.5 yrs
Board of Directors Tenure

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

6.5
Average Tenure
70
Average Age
  • The tenure for the Zensho Holdings board of directors is about average.
Board of Directors

Kentaro Ogawa

TITLE
Chairman
COMPENSATION
¥172M
AGE
71
TENURE
10.5 yrs

Yoshiro Kunii

TITLE
MD, GM of Group Personnel Division & Director
AGE
69
TENURE
6.5 yrs

Kazumasa Ogawa

TITLE
MD, GM of Global Business Promotion Division & Director
AGE
42
TENURE
10.5 yrs

Koichi Takei

TITLE
Head of Group Planning Division
AGE
76

Naomi Eto

TITLE
GM of Group General Affairs Division & Director
AGE
63
TENURE
5.5 yrs

Yohei Ogawa

TITLE
GM of Group Management Strategy & Director
AGE
40
TENURE
2.5 yrs

Makoto Hirano

TITLE
Director
AGE
61
TENURE
15.5 yrs

Toshitaka Hagiwara

TITLE
External Director
AGE
79
TENURE
9.5 yrs

Koji Takeuchi

TITLE
Director
AGE
75
TENURE
0.4 yrs

Chiaki Ito

TITLE
External Director
AGE
72
TENURE
4.5 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 Zensho 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. Zensho 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.

7550 News

Simply Wall St News

7550 Company Info

Description

Zensho Holdings Co., Ltd. manages food service chain restaurants in Japan and internationally. The company also develops sales systems and food processing systems. Its restaurants offer gyudon, udon, and hamburger steaks, as well as provides conveyor-belt sushi restaurant and coffee shop, and dining services under the Sukiya, Nakau, Coco’s, Big Boy, Victoria Station, Jolly Pasta, EL Torito, Hamazushi, Hanaya Yohei, Washoku Yohei, Gyuan, Ichiban, Takarjima, Denmaru, Kyubeiya, Seto Udon, Tamon’an, Moriva Coffee, and Café Milano brands in Japan. The company also serves customers under Sukiya brand name in China, Brazil, Thailand, Malaysia, Mexico, Taiwan, and Indonesia. It operates 5,065 restaurants. Zensho Holdings Co., Ltd. also operates supermarket chains; and offers residential and nursing care services for the elderly. The company was formerly known as Zensho Co., Ltd. and changed its name to Zensho Holdings Co., Ltd. in October 2011. Zensho Holdings Co., Ltd. was founded in 1982 and is headquartered in Tokyo, Japan.

Details
Name: Zensho Holdings Co., Ltd.
7550
Exchange: TSE
Founded: 1982
¥374,088,590,965
149,935,307
Website: http://www.zensho.co.jp
Address: Zensho Holdings Co., Ltd.
JR Shinagawa East Building,
8th Floor,
Tokyo,
108-0075,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7550 Common Stock The Tokyo Stock Exchange JP JPY 26. Sep 1997
Number of employees
Current staff
Staff numbers
12,521
Zensho Holdings employees.
Industry
Restaurants
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/06 14:41
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/11/11
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


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

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