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NittoBest

JASDAQ:2877
Snowflake Description

Adequate balance sheet unattractive dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2877
JASDAQ
¥11B
Market Cap
  1. Home
  2. JP
  3. Food, Beverage & Tobacco
Company description

NittoBest Corporation manufactures and sells frozen, daily delivered, canned, packaged, and chilled retort food products in Japan. The last earnings update was 44 days ago. More info.


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2877 Share Price and Events
7 Day Returns
5.4%
JASDAQ:2877
13.6%
JP Food
13.5%
JP Market
1 Year Returns
13.9%
JASDAQ:2877
-5.1%
JP Food
-8.2%
JP Market
2877 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NittoBest (2877) 5.4% 8.2% -1.1% 13.9% -19.6% 21.6%
JP Food 13.6% 7.1% -2.1% -5.1% -1.1% 6.2%
JP Market 13.5% -7.4% -15.9% -8.2% -3.2% -3.9%
1 Year Return vs Industry and Market
  • 2877 outperformed the Food industry which returned -5.1% over the past year.
  • 2877 outperformed the Market in Japan which returned -8.2% over the past year.
Price Volatility
2877
Industry
5yr Volatility vs Market

Value

 Is NittoBest 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 NittoBest 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 NittoBest.

JASDAQ:2877 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in JPY ¥ 12.000000
Payout Ratio Company Filings (2019-12-31) 1870%
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 JASDAQ:2877
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Food Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.561 (1 + (1- 30.86%) (92.2%))
0.946
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% + (0.946 * 6.33%)
5.9%

Discounted Cash Flow Calculation for JASDAQ:2877 using Dividend Discount Model Model

The calculations below outline how an intrinsic value for NittoBest is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

JASDAQ:2877 Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ¥12 / (5.9% - -0.09%)
¥200.48
JASDAQ:2877 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥200.48
Current discount Discount to share price of ¥900.00
= -1 x (¥900.00 - ¥200.48) / ¥200.48
-348.9%

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

  • The current share price of NittoBest 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 NittoBest's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NittoBest's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JASDAQ:2877 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥39.01
JASDAQ:2877 Share Price ** JASDAQ (2020-03-27) in JPY ¥900
Japan Food Industry PE Ratio Median Figure of 102 Publicly-Listed Food Companies 17.01x
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 NittoBest.

JASDAQ:2877 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JASDAQ:2877 Share Price ÷ EPS (both in JPY)

= 900 ÷ 39.01

23.07x

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

  • NittoBest is overvalued based on earnings compared to the JP Food industry average.
  • NittoBest is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does NittoBest's expected growth come at a high price?
Raw Data
JASDAQ:2877 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Food Industry PEG Ratio Median Figure of 47 Publicly-Listed Food Companies 3.21x
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 NittoBest, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on NittoBest's assets?
Raw Data
JASDAQ:2877 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥1,142.65
JASDAQ:2877 Share Price * JASDAQ (2020-03-27) in JPY ¥900
Japan Food Industry PB Ratio Median Figure of 115 Publicly-Listed Food Companies 1.04x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.89x
JASDAQ:2877 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JASDAQ:2877 Share Price ÷ Book Value per Share (both in JPY)

= 900 ÷ 1,142.65

0.79x

* Primary Listing of NittoBest.

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

  • NittoBest is good value based on assets compared to the JP Food industry average.
X
Value checks
We assess NittoBest'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 Food 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 Food industry average (and greater than 0)? (1 check)
  5. NittoBest 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 NittoBest 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 NittoBest 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
7.5%
Expected Food industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NittoBest expected to grow at an attractive rate?
  • Unable to compare NittoBest's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare NittoBest's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare NittoBest's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JASDAQ:2877 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Food Industry Earnings Growth Rate Market Cap Weighted Average 7.5%
Japan Food Industry Revenue Growth Rate Market Cap Weighted Average 2%
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
JASDAQ:2877 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.
JASDAQ:2877 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JASDAQ:2877 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 54,296 472
2019-09-30 53,592 1,431 930
2019-06-30 52,984 828
2019-03-31 52,449 1,257 720
2018-12-31 51,918 642
2018-09-30 51,801 733 701
2018-06-30 52,094 849
2018-03-31 52,253 3,584 1,003
2017-12-31 52,275 1,052
2017-09-30 51,658 3,449 1,117
2017-06-30 51,272 1,133
2017-03-31 51,354 2,314 1,159

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if NittoBest is high growth as no earnings estimate data is available.
  • Unable to determine if NittoBest 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
JASDAQ:2877 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 NittoBest Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:2877 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JASDAQ:2877 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 39.01
2019-09-30 76.87
2019-06-30 68.44
2019-03-31 59.51
2018-12-31 53.07
2018-09-30 57.94
2018-06-30 70.18
2018-03-31 82.90
2017-12-31 86.96
2017-09-30 92.35
2017-06-30 93.70
2017-03-31 95.87

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

Next steps:

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

JASDAQ:2877 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 54,296.00 472.00 9,801.00
2019-09-30 53,592.00 930.00 9,670.00
2019-06-30 52,984.00 828.00 9,599.00
2019-03-31 52,449.00 720.00 9,463.00
2018-12-31 51,918.00 642.00 9,407.00
2018-09-30 51,801.00 701.00 9,330.00
2018-06-30 52,094.00 849.00 9,333.00
2018-03-31 52,253.00 1,003.00 9,354.00
2017-12-31 52,275.00 1,052.00 9,419.00
2017-09-30 51,658.00 1,117.00 9,343.00
2017-06-30 51,272.00 1,133.00 9,225.00
2017-03-31 51,354.00 1,159.00 9,145.00
2016-12-31 51,922.00 1,047.00 9,074.00
2016-09-30 52,602.00 943.00 9,090.00
2016-06-30 53,174.00 823.00 9,116.00
2016-03-31 53,480.00 761.00 9,076.00
2015-12-31 53,293.00 772.00 8,980.00
2015-09-30 53,003.00 504.00 8,899.00
2015-06-30 52,419.00 384.00 8,851.00
2015-03-31 51,608.00 187.00 8,776.00
2014-12-31 51,117.00 234.00 8,623.00
2014-09-30 50,443.00 288.00 8,576.00
2014-06-30 49,848.00 232.00 8,469.00
2014-03-31 49,251.00 158.00 8,427.00
2013-12-31 48,560.00 55.00 8,434.00
2013-09-30 47,739.00 71.00 8,369.00
2013-06-30 47,228.00 159.00 8,309.00
2013-03-31 47,190.00 277.00 8,306.00

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

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

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

Health

 How is NittoBest'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 NittoBest's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NittoBest is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NittoBest's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of NittoBest'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 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

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

JASDAQ:2877 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 14,209.00 10,039.00 3,101.00
2019-09-30 14,197.00 9,915.00 2,470.00
2019-06-30 14,101.00 9,094.00 3,705.00
2019-03-31 14,148.00 11,974.00 3,577.00
2018-12-31 14,067.00 10,366.00 3,720.00
2018-09-30 13,796.00 9,342.00 3,363.00
2018-06-30 13,654.00 8,128.00 3,828.00
2018-03-31 13,776.00 9,636.00 3,588.00
2017-12-31 13,832.00 8,128.00 3,823.00
2017-09-30 13,321.00 7,942.00 3,866.00
2017-06-30 13,089.00 8,211.00 3,029.00
2017-03-31 13,017.00 10,591.00 2,952.00
2016-12-31 12,165.00 8,904.00 3,783.00
2016-09-30 11,519.00 8,780.00 2,185.00
2016-06-30 11,250.00 8,712.00 2,236.00
2016-03-31 11,171.00 10,865.00 1,918.00
2015-12-31 11,382.00 9,931.00 3,472.00
2015-09-30 10,882.00 10,175.00 1,986.00
2015-06-30 10,873.00 9,943.00 2,033.00
2015-03-31 10,727.00 11,956.00 1,058.00
2014-12-31 10,756.00 10,287.00 3,255.00
2014-09-30 10,553.00 7,991.00 1,174.00
2014-06-30 10,543.00 7,062.00 1,704.00
2014-03-31 10,706.00 8,314.00 1,449.00
2013-12-31 10,789.00 6,748.00 3,033.00
2013-09-30 10,569.00 6,428.00 1,550.00
2013-06-30 10,621.00 5,709.00 3,184.00
2013-03-31 10,806.00 7,496.00 2,717.00
  • NittoBest's level of debt (70.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (95.6% vs 70.6% today).
  • Debt is not well covered by operating cash flow (14.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 18.9x coverage).
X
Financial health checks
We assess NittoBest'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. NittoBest 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.

Dividends

 What is NittoBest'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
1.33%
Current annual income from NittoBest dividends.
If you bought ¥2,000 of NittoBest shares you are expected to receive ¥27 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?
  • NittoBest's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.65%).
  • NittoBest's dividend is below the markets top 25% of dividend payers in Japan (3.69%).
Upcoming dividend payment

Purchase NittoBest 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
JASDAQ:2877 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 Food Industry Average Dividend Yield Market Cap Weighted Average of 107 Stocks 1.5%
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.

JASDAQ:2877 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
JASDAQ:2877 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-26 12.000 1.368
2019-05-16 12.000 1.389
2018-06-26 12.000 1.432
2018-05-14 12.000 1.328
2017-06-27 12.000 1.289
2017-05-12 12.000 1.291
2016-06-24 12.000 1.454
2016-05-13 12.000 1.648
2015-06-26 12.000 1.579
2015-05-14 12.000 1.611
2014-06-26 12.000 1.571
2014-05-15 12.000 1.590
2013-06-26 12.000 1.578
2013-05-15 12.000 1.595
2012-08-10 12.000 1.474
2012-06-26 12.000 1.439
2012-05-14 12.000 1.486
2012-02-14 12.000 1.387
2011-08-11 12.000 1.460
2011-06-24 12.000 1.556
2011-05-12 12.000 1.730
2011-02-14 12.000 1.781
2010-11-12 12.000 1.588
2010-06-25 12.000 1.479
2010-05-19 12.000 1.508
2009-06-26 12.000 1.465

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 NittoBest's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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 NittoBest'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 NittoBest afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NittoBest 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.

Management

 What is the CEO of NittoBest'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
Kazuhiko Ohnuma
AGE 68
TENURE AS CEO 6.8 years
CEO Bio

Mr. Kazuhiko Ohnuma has been the President of NittoBest Corporation. since June 2013. Mr. Ohnuma has been Senior Managing Director and General Manager of Production at NittoBest Corp., since June 2011 and June 2010 respectively. Mr. Ohnuma Joined NittoBest Corp. in April 1970 and served as its Manager, Takamatsu Plant since April 1996; Manager, Tendo Plant since March 2002; Deputy General Manager, Production since June 2007 and Managing Director since October 2008. He served as Assistant Manager of Head Office Production Division for Tendou Plant at NittoBest Corp., and has been its Manager of Tendou Plant since March 2002. He has been a Representative Director of NittoBest Corporation. since June 2013. He served as a Director of NittoBest Corp. since June 2003.

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

Average tenure and age of the NittoBest management team in years:

6.8
Average Tenure
61
Average Age
  • The average tenure for the NittoBest management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kazuhiko Ohnuma

TITLE
President and Representative Director
AGE
68
TENURE
6.8 yrs

Kiyoo Nishikawa

TITLE
Senior Managing Director
AGE
68
TENURE
6.8 yrs

Kiichi Matsuda

TITLE
Manager of Research Department and Director
AGE
60
TENURE
9.9 yrs

Masaru Sato

TITLE
Senior Managing Director
AGE
79
TENURE
20.8 yrs

Wataru Shibahashi

TITLE
Managing Director
AGE
68
TENURE
21.9 yrs

Kiyonobu Suzuki

TITLE
Managing Director
AGE
61
TENURE
5 yrs

Souichirou Tsukada

TITLE
Managing Director
AGE
55
TENURE
6.8 yrs

Nobuhiro Nagase

TITLE
West Factory & Sagae Plant Head and Director
AGE
61

Mahoko Uchida

TITLE
Managing Director
AGE
48

Kogi Sato

TITLE
Manager of Production Department and Director
AGE
59
Board of Directors Tenure

Average tenure and age of the NittoBest board of directors in years:

6.8
Average Tenure
61
Average Age
  • The tenure for the NittoBest board of directors is about average.
Board of Directors

Jun Uchida

TITLE
Chairman
AGE
85
TENURE
6.8 yrs

Kazuhiko Ohnuma

TITLE
President and Representative Director
AGE
68
TENURE
6.8 yrs

Kiyoo Nishikawa

TITLE
Senior Managing Director
AGE
68

Kiichi Matsuda

TITLE
Manager of Research Department and Director
AGE
60
TENURE
5.8 yrs

Masaru Sato

TITLE
Senior Managing Director
AGE
79

Wataru Shibahashi

TITLE
Managing Director
AGE
68
TENURE
16.8 yrs

Kiyonobu Suzuki

TITLE
Managing Director
AGE
61
TENURE
10.8 yrs

Souichirou Tsukada

TITLE
Managing Director
AGE
55
TENURE
6.9 yrs

Nobuhiro Nagase

TITLE
West Factory & Sagae Plant Head and Director
AGE
61

Mahoko Uchida

TITLE
Managing Director
AGE
48

Kogi Sato

TITLE
Manager of Production Department and Director
AGE
59
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 NittoBest'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. NittoBest 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

NittoBest Corporation manufactures and sells frozen, daily delivered, canned, packaged, and chilled retort food products in Japan. It primarily serves hospitals, elderly welfare facilities, and nursing care facilities. The company was founded in 1937 and is headquartered in Sagae, Japan.

Details
Name: NittoBest Corporation
2877
Exchange: JASDAQ
Founded: 1937
¥10,888,348,500
12,098,165
Website: http://www.nittobest.co.jp
Address: NittoBest Corporation
4-27, Saiwai-cho,
Sagae,
Yamagata, 991-8610,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JASDAQ 2877 Common Stock TSE JASDAQ JP JPY 08. Feb 1996
Number of employees
Current staff
Staff numbers
1,332
NittoBest employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 15:43
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2020/02/14
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.