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Yomiuri Land

TSE:9671
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9671
TSE
¥27B
Market Cap
  1. Home
  2. JP
  3. Consumer Services
Company description

Yomiuri Land Co., Ltd. engages in leisure business in Japan. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • Yomiuri Land has significant price volatility in the past 3 months.
9671 Share Price and Events
7 Day Returns
2.2%
TSE:9671
2.4%
JP Hospitality
13.5%
JP Market
1 Year Returns
-18.4%
TSE:9671
-10.4%
JP Hospitality
-8.2%
JP Market
9671 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Yomiuri Land (9671) 2.2% 0.4% -22.1% -18.4% -17.9% -23.1%
JP Hospitality 2.4% -0.8% -18.8% -10.4% 28.1% 17.5%
JP Market 13.5% -7.4% -15.9% -8.2% -3.2% -3.9%
1 Year Return vs Industry and Market
  • 9671 underperformed the Hospitality industry which returned -10.4% over the past year.
  • 9671 underperformed the Market in Japan which returned -8.2% over the past year.
Price Volatility
9671
Industry
5yr Volatility vs Market

9671 Value

 Is Yomiuri Land 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 Yomiuri Land 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 Yomiuri Land.

TSE:9671 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.9%
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:9671
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 0.8
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.802 (1 + (1- 30.86%) (22.64%))
0.952
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.952 * 6.33%)
5.93%

Discounted Cash Flow Calculation for TSE:9671 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Yomiuri Land 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:9671 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.93%)
2020 3,386.22 Est @ 4.9% 3,196.57
2021 3,501.41 Est @ 3.4% 3,120.17
2022 3,583.83 Est @ 2.35% 3,014.76
2023 3,641.92 Est @ 1.62% 2,892.03
2024 3,682.26 Est @ 1.11% 2,760.29
2025 3,709.81 Est @ 0.75% 2,625.19
2026 3,728.25 Est @ 0.5% 2,490.47
2027 3,740.20 Est @ 0.32% 2,358.53
2028 3,747.59 Est @ 0.2% 2,230.83
2029 3,751.76 Est @ 0.11% 2,108.23
Present value of next 10 years cash flows ¥26,797.00
TSE:9671 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥3,751.76 × (1 + -0.09%) ÷ (5.93% – -0.09%)
¥62,233.22
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥62,233.22 ÷ (1 + 5.93%)10
¥34,970.69
TSE:9671 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥26,797.00 + ¥34,970.69
¥61,767.69
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥61,767.69 / 7.69
¥8036.15
TSE:9671 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥8,036.15
Current discount Discount to share price of ¥3,530.00
= -1 x (¥3,530.00 - ¥8,036.15) / ¥8,036.15
56.1%

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

Current Discount
Amount off the current price Yomiuri Land is available for.
Intrinsic value
>50%
Share price is ¥3530 vs Future cash flow value of ¥8036.15
Current Discount Checks
For Yomiuri Land to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Yomiuri Land's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Yomiuri Land's share price is below the future cash flow value, and 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 Yomiuri Land's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Yomiuri Land's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9671 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥325.50
TSE:9671 Share Price ** TSE (2020-03-27) in JPY ¥3530
Japan Hospitality Industry PE Ratio Median Figure of 101 Publicly-Listed Hospitality Companies 20.62x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 12.77x

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

** Primary Listing of Yomiuri Land.

TSE:9671 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9671 Share Price ÷ EPS (both in JPY)

= 3530 ÷ 325.50

10.84x

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

  • Yomiuri Land is good value based on earnings compared to the JP Hospitality industry average.
  • Yomiuri Land is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Yomiuri Land's expected growth come at a high price?
Raw Data
TSE:9671 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Hospitality Industry PEG Ratio Median Figure of 47 Publicly-Listed Hospitality Companies 1.51x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Yomiuri Land, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Yomiuri Land's assets?
Raw Data
TSE:9671 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥3,824.24
TSE:9671 Share Price * TSE (2020-03-27) in JPY ¥3530
Japan Hospitality Industry PB Ratio Median Figure of 140 Publicly-Listed Hospitality Companies 1.96x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.89x
TSE:9671 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9671 Share Price ÷ Book Value per Share (both in JPY)

= 3530 ÷ 3,824.24

0.92x

* Primary Listing of Yomiuri Land.

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

  • Yomiuri Land is good value based on assets compared to the JP Hospitality industry average.
X
Value checks
We assess Yomiuri Land'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. Yomiuri Land has a total score of 5/6, 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.

9671 Future Performance

 How is Yomiuri Land expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Yomiuri Land has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.5%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Yomiuri Land expected to grow at an attractive rate?
  • Unable to compare Yomiuri Land's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Yomiuri Land's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Yomiuri Land's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:9671 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.5%
Japan Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSE:9671 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9671 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:9671 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 22,437 2,502
2019-09-30 22,629 6,059 2,674
2019-06-30 22,381 2,560
2019-03-31 21,957 4,918 2,338
2018-12-31 21,138 1,885
2018-09-30 20,773 4,660 1,624
2018-06-30 20,911 1,660
2018-03-31 20,921 4,992 2,623
2017-12-31 20,587 5,813
2017-09-30 20,786 8,474 5,825
2017-06-30 20,778 5,747
2017-03-31 21,051 9,053 3,551

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Yomiuri Land is high growth as no earnings estimate data is available.
  • Unable to determine if Yomiuri Land is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:9671 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

TSE:9671 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:9671 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 325.50
2019-09-30 347.87
2019-06-30 333.03
2019-03-31 304.15
2018-12-31 245.21
2018-09-30 211.25
2018-06-30 215.93
2018-03-31 341.18
2017-12-31 756.07
2017-09-30 757.61
2017-06-30 747.46
2017-03-31 461.25

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Yomiuri Land will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Yomiuri Land is trading at Yomiuri Land'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Yomiuri Land's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Yomiuri Land'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.
Yomiuri Land has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

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

9671 Past Performance

  How has Yomiuri Land 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 Yomiuri Land'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.
  • Yomiuri Land's year on year earnings growth rate has been positive over the past 5 years.
  • Yomiuri Land's 1-year earnings growth exceeds its 5-year average (32.7% vs 9.8%)
  • Yomiuri Land's earnings growth has exceeded the JP Hospitality industry average in the past year (32.7% vs 0.3%).
Earnings and Revenue History
Yomiuri Land'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 Yomiuri Land Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9671 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 22,437.00 2,502.00 1,830.00
2019-09-30 22,629.00 2,674.00 1,797.00
2019-06-30 22,381.00 2,560.00 1,747.00
2019-03-31 21,957.00 2,338.00 1,723.00
2018-12-31 21,138.00 1,885.00 1,672.00
2018-09-30 20,773.00 1,624.00 1,634.00
2018-06-30 20,911.00 1,660.00 1,636.00
2018-03-31 20,921.00 2,623.00 1,654.00
2017-12-31 20,587.00 5,813.00 1,850.00
2017-09-30 20,786.00 5,825.00 1,916.00
2017-06-30 20,778.00 5,747.00 1,939.00
2017-03-31 21,051.00 3,551.00 1,930.00
2016-12-31 20,501.00 -597.00 1,916.00
2016-09-30 20,178.00 234.00 1,859.00
2016-06-30 19,557.00 424.00 1,840.00
2016-03-31 18,771.00 1,986.00 1,821.00
2015-12-31 18,362.00 2,622.00 1,794.00
2015-09-30 17,568.00 1,982.00 1,785.00
2015-06-30 17,418.00 1,924.00 1,762.00
2015-03-31 17,295.00 1,769.00 1,719.00
2014-12-31 16,610.00 1,521.00 1,674.00
2014-09-30 16,474.00 1,628.00 1,634.00
2014-06-30 16,685.00 1,826.00 1,582.00
2014-03-31 16,771.00 1,940.00 1,546.00
2013-12-31 16,812.00 1,711.00 1,485.00
2013-09-30 17,031.00 1,796.00 1,481.00
2013-06-30 16,882.00 -2,748.00 1,489.00
2013-03-31 16,836.00 -2,843.00 1,510.00

*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.
  • Yomiuri Land has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Yomiuri Land used its assets less efficiently than the JP Hospitality industry average last year based on Return on Assets.
  • Yomiuri Land has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Yomiuri Land'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.
Yomiuri Land has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

9671 Health

 How is Yomiuri Land'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 Yomiuri Land's finances.

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

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

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

All data from Yomiuri Land Company Filings, last reported 2 months ago.

TSE:9671 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 29,394.00 6,143.00 3,945.00
2019-09-30 28,995.00 6,669.00 5,817.00
2019-06-30 29,187.00 7,195.00 5,879.00
2019-03-31 29,124.00 7,721.00 5,533.00
2018-12-31 27,760.00 8,247.00 5,796.00
2018-09-30 28,953.00 8,772.00 5,345.00
2018-06-30 28,084.00 9,298.00 5,761.00
2018-03-31 27,899.00 9,824.00 5,621.00
2017-12-31 27,629.00 10,266.00 6,139.00
2017-09-30 27,582.00 10,635.00 5,738.00
2017-06-30 26,778.00 11,940.00 6,257.00
2017-03-31 25,652.00 12,248.00 4,313.00
2016-12-31 22,739.00 15,894.00 3,389.00
2016-09-30 20,865.00 15,299.00 3,489.00
2016-06-30 20,380.00 16,304.00 3,650.00
2016-03-31 22,381.00 16,310.00 5,040.00
2015-12-31 24,160.00 10,309.00 3,136.00
2015-09-30 22,189.00 8,710.00 2,329.00
2015-06-30 22,699.00 8,010.00 1,999.00
2015-03-31 21,521.00 7,570.00 3,755.00
2014-12-31 20,182.00 6,940.00 2,792.00
2014-09-30 19,515.00 4,010.00 2,429.00
2014-06-30 19,315.00 2,448.00 2,223.00
2014-03-31 18,864.00 1,903.00 2,747.00
2013-12-31 19,713.00 1,607.00 2,227.00
2013-09-30 19,036.00 1,965.00 3,423.00
2013-06-30 18,197.00 2,346.00 2,935.00
2013-03-31 16,498.00 2,728.00 4,558.00
  • Yomiuri Land's level of debt (20.9%) 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 (34.4% vs 20.9% today).
  • Debt is well covered by operating cash flow (98.6%, greater than 20% of total debt).
  • Yomiuri Land earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Yomiuri Land'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. Yomiuri Land has a total score of 4/6, 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.

9671 Dividends

 What is Yomiuri Land's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.42%
Current annual income from Yomiuri Land dividends.
If you bought ¥2,000 of Yomiuri Land shares you are expected to receive ¥28 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?
  • Yomiuri Land's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.65%).
  • Yomiuri Land's dividend is below the markets top 25% of dividend payers in Japan (3.69%).
Upcoming dividend payment

Purchase Yomiuri Land 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:9671 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Japan Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 98 Stocks 0.8%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2985 Stocks 2.7%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.9%
Japan Bottom 25% Dividend Yield 25th Percentile 1.6%
Japan Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

TSE:9671 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:9671 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-08 50.000 1.199
2019-11-06 50.000 1.077
2019-06-20 50.000 1.072
2019-05-10 50.000 0.980
2019-02-08 50.000 1.169
2019-02-06 50.000 1.248
2018-11-09 50.000 1.269
2018-11-07 50.000 1.206
2018-06-21 50.000 1.115
2018-05-11 50.000 1.034
2018-02-09 50.000 1.073
2018-02-07 50.000 1.063
2017-11-10 50.000 1.007
2017-11-08 50.000 0.989
2017-06-22 50.000 1.008
2017-05-12 50.000 1.076
2017-02-10 50.000 1.128
2017-02-01 50.000 1.097
2016-11-11 50.000 1.042
2016-11-09 50.000 1.106
2016-06-23 50.000 1.096
2016-05-11 50.000 1.124
2016-02-12 50.000 1.049
2016-02-03 50.000 1.205
2015-11-13 50.000 1.228
2015-11-11 50.000 1.150
2015-06-18 50.000 1.205
2015-05-13 50.000 1.108
2015-02-13 50.000 1.065
2015-02-04 50.000 1.090
2014-11-13 50.000 1.022
2014-11-12 50.000 0.986
2014-06-19 50.000 1.044
2014-05-09 50.000 1.182
2014-02-13 50.000 1.049
2014-02-05 50.000 0.853
2013-11-13 50.000 0.712
2013-11-06 50.000 0.688
2013-08-02 50.000 0.587
2013-06-20 50.000 0.596
2013-05-10 50.000 0.628
2013-02-08 50.000 0.786
2012-11-13 50.000 1.543
2012-11-07 50.000 1.919
2012-08-03 50.000 1.949
2012-06-21 50.000 2.007
2012-05-09 50.000 2.068
2012-02-13 50.000 1.898
2012-02-01 50.000 1.978
2011-11-11 50.000 2.042
2011-11-09 50.000 1.997
2011-08-03 50.000 1.922
2011-06-22 50.000 1.790
2011-05-13 50.000 1.882
2011-02-10 50.000 1.762
2011-02-02 50.000 1.635
2010-11-12 50.000 1.774
2010-11-11 50.000 1.795
2010-06-23 50.000 1.726
2010-05-12 50.000 1.661
2010-02-12 50.000 1.601
2010-02-03 50.000 1.717
2009-11-13 50.000 1.663
2009-11-04 50.000 1.646
2009-08-05 50.000 1.615
2009-06-24 50.000 1.712
2009-05-13 50.000 1.716

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

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Yomiuri Land's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (6.5x 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 Yomiuri Land's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Yomiuri Land afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Yomiuri Land 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.

9671 Management

 What is the CEO of Yomiuri Land'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
Yoshikuni Sugiyama
AGE 65
CEO Bio

Mr. Yoshikuni Sugiyama is the President and Director at Yomiuri Land Co., Ltd. since January 2018 and is its Chief Executive Officer. Mr. Sugiyama serves as an Outside Director at Nippon Television Holdings, Inc.

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

Average tenure and age of the Yomiuri Land management team in years:

0.8
Average Tenure
60
Average Age
  • The average tenure for the Yomiuri Land management team is less than 2 years, this suggests a new team.
Management Team

Yoshikuni Sugiyama

TITLE
President & CEO
AGE
65

Michitaka Kobayashi

TITLE
MD of General Affairs
AGE
59
TENURE
1.8 yrs

Koshi Koyama

TITLE
Senior MD & Director
AGE
65

Hiroshi Nakamura

TITLE
MD & Director
AGE
60

Masahiro Imaizumi

TITLE
Senior Executive Officer & Manager of Country Club Business Department

Shigeki Machida

TITLE
Senior Executive Officer

Yoshihiro Koshimura

TITLE
MD & Director
AGE
60
TENURE
0.8 yrs

Masahiro Fujimoto

TITLE
Senior Executive Officer
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Yomiuri Land board of directors in years:

3
Average Tenure
64
Average Age
  • The average tenure for the Yomiuri Land board of directors is less than 3 years, this suggests a new board.
Board of Directors

Yoshikuni Sugiyama

TITLE
President & CEO
AGE
65
TENURE
2.2 yrs

Michitaka Kobayashi

TITLE
MD of General Affairs
AGE
59
TENURE
5.8 yrs

Koshi Koyama

TITLE
Senior MD & Director
AGE
65
TENURE
3.8 yrs

Hiroshi Nakamura

TITLE
MD & Director
AGE
60
TENURE
5.8 yrs

Yoshihiro Koshimura

TITLE
MD & Director
AGE
60
TENURE
0.8 yrs

Kan Kato

TITLE
External Director
AGE
80
TENURE
11.8 yrs

Kazuyoshi Urata

TITLE
Director
AGE
63
TENURE
1.8 yrs

Yoshio Okubo

TITLE
External Director
AGE
69
TENURE
6.8 yrs

Takeshi Uemura

TITLE
Director
AGE
72
TENURE
1.8 yrs

Gota Kikuchi

TITLE
Director
AGE
60
TENURE
0.8 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 Yomiuri Land'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. Yomiuri Land 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.

9671 News

Simply Wall St News

9671 Company Info

Description

Yomiuri Land Co., Ltd. engages in leisure business in Japan. It operates and manages facilities for horse races, auto races, and bicycle racing stadiums; golf courses; amusement parks, driving ranges, hot spring facilities, and indoor play facilities for parents and children; and cafeterias and shops. The company also provides support services for the construction industry, golf course and building management, etc.; and civil engineering and construction contract works, and other services, as well as buys, sells, and leases real estate properties. Yomiuri Land Co., Ltd. was founded in 1949 and is based in Inagi, Japan.

Details
Name: Yomiuri Land Co., Ltd.
9671
Exchange: TSE
Founded: 1949
¥27,132,406,020
7,686,234
Website: http://www.yomiuriland.co.jp
Address: Yomiuri Land Co., Ltd.
4015-1 Yaguchi-shi,
Inagi,
Tokyo, 206-8566,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9671 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
209
Yomiuri Land employees.
Industry
Leisure Facilities
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 14:42
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2019/05/10
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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

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