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Kosei Securities

TSE:8617
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8617
TSE
¥6B
Market Cap
  1. Home
  2. JP
  3. Diversified Financials
Company description

The Kosei Securities Co., Ltd. engages in the brokerage, underwriting, and selling of securities in Japan. The last earnings update was 34 days ago. More info.


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8617 Share Price and Events
7 Day Returns
-4.6%
TSE:8617
1.6%
JP Capital Markets
0.7%
JP Market
1 Year Returns
-29.9%
TSE:8617
-7.2%
JP Capital Markets
7.4%
JP Market
8617 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kosei Securities (8617) -4.6% -6.5% 8.6% -29.9% -67% -73.2%
JP Capital Markets 1.6% 2.8% 4.1% -7.2% -7% -7.6%
JP Market 0.7% 1% 7.8% 7.4% 13.4% 30.6%
1 Year Return vs Industry and Market
  • 8617 underperformed the Capital Markets industry which returned -7.2% over the past year.
  • 8617 underperformed the Market in Japan which returned 7.4% over the past year.
Price Volatility
8617
Industry
5yr Volatility vs Market

Value

 Is Kosei Securities 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
  • It is not possible to calculate the future cash flow value for Kosei Securities. This is due to cash flow or dividend data being unavailable. The share price is ¥660.
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 Kosei Securities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kosei Securities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:8617 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥-38.85
TSE:8617 Share Price ** TSE (2019-12-11) in JPY ¥660
Japan Capital Markets Industry PE Ratio Median Figure of 26 Publicly-Listed Capital Markets Companies 13.21x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 15.55x

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

** Primary Listing of Kosei Securities.

TSE:8617 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8617 Share Price ÷ EPS (both in JPY)

= 660 ÷ -38.85

-16.99x

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

  • Kosei Securities is loss making, we can't compare its value to the JP Capital Markets industry average.
  • Kosei Securities is loss making, we can't compare the value of its earnings to the Japan market.
Price based on expected Growth
Does Kosei Securities's expected growth come at a high price?
Raw Data
TSE:8617 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -16.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Capital Markets Industry PEG Ratio Median Figure of 8 Publicly-Listed Capital Markets Companies 2.04x
Japan Market PEG Ratio Median Figure of 1,366 Publicly-Listed Companies 1.88x

*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 Kosei Securities, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Kosei Securities's assets?
Raw Data
TSE:8617 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥1,713.00
TSE:8617 Share Price * TSE (2019-12-11) in JPY ¥660
Japan Capital Markets Industry PB Ratio Median Figure of 38 Publicly-Listed Capital Markets Companies 0.82x
Japan Market PB Ratio Median Figure of 3,528 Publicly-Listed Companies 1.14x
TSE:8617 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8617 Share Price ÷ Book Value per Share (both in JPY)

= 660 ÷ 1,713.00

0.39x

* Primary Listing of Kosei Securities.

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

  • Kosei Securities is good value based on assets compared to the JP Capital Markets industry average.
X
Value checks
We assess Kosei Securities'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Kosei Securities 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.

Future Performance

 How is Kosei Securities 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 Kosei Securities 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
14.1%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kosei Securities expected to grow at an attractive rate?
  • Unable to compare Kosei Securities's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Kosei Securities's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Kosei Securities's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:8617 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 14.1%
Japan Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
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:8617 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:8617 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:8617 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 440 1,424 -366
2019-06-30 372 535 -427
2019-03-31 630 375 -149
2018-12-31 567 996 -234
2018-09-30 704 317 -85
2018-06-30 801 -28 -9
2018-03-31 1,238 1,341 258
2017-12-31 1,215 745 196
2017-09-30 1,468 -541 432
2017-06-30 1,805 2,352 785
2017-03-31 745 381 -119
2016-12-31 567 549 -220

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Kosei Securities is high growth as no earnings estimate data is available.
  • Unable to determine if Kosei Securities 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:8617 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 Kosei Securities Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8617 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:8617 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 -38.85
2019-06-30 -45.36
2019-03-31 -15.83
2018-12-31 -24.85
2018-09-30 -9.03
2018-06-30 -0.96
2018-03-31 27.40
2017-12-31 20.82
2017-09-30 8.34
2017-06-30 83.41
2017-03-31 -12.65
2016-12-31 -23.39

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

Next steps:

  1. Examine Kosei Securities's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Kosei Securities'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 Diversified Financials 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 Kosei Securities'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.
Kosei Securities has a total score of 0/6, see the detailed checks below.

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

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

Past Performance

  How has Kosei Securities 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 Kosei Securities's growth in the last year to its industry (Capital Markets).
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.
  • Kosei Securities does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Kosei Securities's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Kosei Securities's 1-year growth to the JP Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Kosei Securities'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 Kosei Securities Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:8617 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 440.00 -366.00 552.00
2019-06-30 372.00 -427.00 559.00
2019-03-31 630.00 -149.00 565.00
2018-12-31 567.00 -234.00 562.00
2018-09-30 704.00 -85.00 485.00
2018-06-30 801.00 -9.00 493.00
2018-03-31 1,238.00 258.00 502.00
2017-12-31 1,215.00 196.00 514.00
2017-09-30 1,468.00 432.00 523.00
2017-06-30 1,805.00 785.00 527.00
2017-03-31 745.00 -119.00 543.00
2016-12-31 567.00 -220.00 557.00
2016-09-30 552.00 -330.00 592.00
2016-06-30 19.00 -821.00 617.00
2016-03-31 971.00 50.00 594.00
2015-12-31 1,838.00 608.00 590.00
2015-09-30 1,810.00 580.00 562.00
2015-06-30 2,107.00 1,132.00 515.00
2015-03-31 1,716.00 783.00 524.00
2014-12-31 738.00 244.00 521.00
2014-09-30 1,011.00 457.00 514.00
2014-06-30 1,090.00 276.00 539.00
2014-03-31 1,605.00 576.00 559.00
2013-12-31 3,097.00 1,783.00 572.00
2013-09-30 2,962.00 1,888.00 592.00
2013-06-30 2,576.00 1,561.00 601.00
2013-03-31 1,935.00 1,149.00 594.00
2012-12-31 780.00 352.00 580.00

*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.
  • It is difficult to establish if Kosei Securities has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Kosei Securities has efficiently used its assets last year compared to the JP Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Kosei Securities improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Kosei Securities'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 Capital Markets 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.
Kosei Securities has a total score of 0/6, see the detailed checks below.

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

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

Health

 How is Kosei Securities'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 Kosei Securities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kosei Securities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kosei Securities's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kosei Securities'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.
  • Kosei Securities has no debt, it does not need to be covered by short term assets.
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 Kosei Securities Company Filings, last reported 2 months ago.

TSE:8617 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 16,181.00 0.00 12,181.00
2019-06-30 16,303.00 0.00 11,920.00
2019-03-31 16,756.00 0.00 11,095.00
2018-12-31 16,372.00 0.00 12,261.00
2018-09-30 16,632.00 0.00 11,844.00
2018-06-30 16,706.00 0.00 13,781.00
2018-03-31 16,877.00 0.00 12,748.00
2017-12-31 16,932.00 0.00 12,408.00
2017-09-30 16,943.00 0.00 13,047.00
2017-06-30 16,988.00 0.00 13,148.00
2017-03-31 16,871.00 0.00 12,481.00
2016-12-31 16,984.00 0.00 12,705.00
2016-09-30 16,717.00 0.00 12,370.00
2016-06-30 16,362.00 0.00 11,377.00
2016-03-31 17,461.00 0.00 11,202.00
2015-12-31 17,670.00 0.00 13,177.00
2015-09-30 17,536.00 0.00 13,606.00
2015-06-30 17,871.00 0.00 13,356.00
2015-03-31 18,129.00 0.00 15,230.00
2014-12-31 17,690.00 0.00 12,547.00
2014-09-30 17,639.00 0.00 13,428.00
2014-06-30 17,281.00 0.00 11,774.00
2014-03-31 18,320.00 0.00 12,576.00
2013-12-31 18,460.00 0.00 14,753.00
2013-09-30 18,415.00 0.00 14,058.00
2013-06-30 18,239.00 0.00 13,922.00
2013-03-31 17,453.00 0.00 14,476.00
2012-12-31 16,339.00 1,160.00 13,605.00
  • Kosei Securities has no debt.
  • Kosei Securities currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Kosei Securities has no debt, it does not need to be covered by operating cash flow.
  • Kosei Securities has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Kosei Securities'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. Kosei Securities has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Kosei Securities'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%
Current annual income from Kosei Securities dividends.
If you bought ¥2,000 of Kosei Securities shares you are expected to receive ¥0 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?
  • Unable to evaluate Kosei Securities's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Kosei Securities's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:8617 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 Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 3.1%
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:8617 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:8617 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2012-02-03 0.000 0.000
2012-01-19 0.000 0.000
2011-11-04 0.000 0.000
2011-10-20 0.000 0.000
2011-08-05 0.000 0.000
2011-07-21 0.000 0.000
2011-06-29 0.000 0.000
2011-04-21 0.000 0.000
2010-06-29 20.000 2.451
2010-04-22 20.000 2.095
2009-06-29 20.000 1.986
2009-04-23 20.000 1.863

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

  • Unable to perform a dividend volatility check as Kosei Securities has not reported any payouts.
  • Unable to verify if Kosei Securities's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Kosei Securities's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Kosei Securities has not reported any payouts.
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 Kosei Securities'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 Kosei Securities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kosei Securities has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Kosei Securities'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
Daisuke Tatsumi
AGE 55
TENURE AS CEO 19.9 years
CEO Bio

Mr. Daisuke Tatsumi has been the President of Kosei Securities Co., Ltd. since June 2000. Mr. Tatsumi has been Representative Director of Kosei Securities Co. Ltd since June 2000 and served as its Director since June 1997.

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

Daisuke Tatsumi

TITLE
President & Representative Director
AGE
55
TENURE
19.9 yrs

Masahiro Nishikawa

TITLE
Executive Officer & Director
AGE
59

Takuya Ishikawa

TITLE
Managing Executive Officer
AGE
56

Shinichiro Yumite

TITLE
Executive Officer

Shuji Sakaguchi

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Kosei Securities board of directors in years:

10.5
Average Tenure
56
Average Age
  • The average tenure for the Kosei Securities board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Daisuke Tatsumi

TITLE
President & Representative Director
AGE
55
TENURE
22.5 yrs

Masahiro Nishikawa

TITLE
Executive Officer & Director
AGE
59
TENURE
1.4 yrs

Takuya Ishikawa

TITLE
Managing Executive Officer
AGE
56
TENURE
0.9 yrs

Masaharu Yamamoto

TITLE
External Director
AGE
49
TENURE
11.5 yrs

Shinji Kogawa

TITLE
Full-Time Corporate Auditor
AGE
73
TENURE
0.9 yrs

Norio Kodama

TITLE
External Auditor
AGE
84
TENURE
15.5 yrs

Satoshi Murakata

TITLE
External Auditor
AGE
55
TENURE
10.5 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 Kosei Securities'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. Kosei Securities has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

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

News

Simply Wall St News

Company Info

Description

The Kosei Securities Co., Ltd. engages in the brokerage, underwriting, and selling of securities in Japan. It handles stocks, bonds, mutual funds, futures/options, real estate investment trusts, and insurance products. The company was founded in 1961 and is headquartered in Osaka, Japan.

Details
Name: The Kosei Securities Co., Ltd.
8617
Exchange: TSE
Founded: 1961
¥6,336,286,580
9,373,205
Website: http://www.kosei.co.jp
Address: The Kosei Securities Co., Ltd.
2-1-10 Kitahama,
Chuo-ku,
Osaka,
541-0041,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8617 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
44
Kosei Securities employees.
Industry
Investment Banking and Brokerage
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/12 14:44
End of day share price update: 2019/12/11 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/11/08
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.