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Ito En

TSE:2593
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2593
TSE
¥590B
Market Cap
  1. Home
  2. JP
  3. Food, Beverage & Tobacco
Company description

Ito En, Ltd. manufactures and sells green tea beverages. The last earnings update was 27 days ago. More info.


Add to Portfolio Compare Print
  • Ito En has significant price volatility in the past 3 months.
2593 Share Price and Events
7 Day Returns
6.7%
TSE:2593
6.1%
JP Beverage
5.1%
JP Market
1 Year Returns
7.9%
TSE:2593
-15.8%
JP Beverage
-10.9%
JP Market
2593 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ito En (2593) 6.7% 28.5% 5.4% 7.9% 46.9% 122.1%
JP Beverage 6.1% 5.5% -13.7% -15.8% -7.2% 3.6%
JP Market 5.1% 1.7% -17.6% -10.9% -3% -7.5%
1 Year Return vs Industry and Market
  • 2593 outperformed the Beverage industry which returned -15.8% over the past year.
  • 2593 outperformed the Market in Japan which returned -10.9% over the past year.
Price Volatility
2593
Industry
5yr Volatility vs Market

2593 Value

 Is Ito En 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 Ito En 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 Ito En.

TSE:2593 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
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:2593
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Beverage Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.572 (1 + (1- 30.86%) (11.11%))
0.742
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.8 * 6.33%)
4.97%

Discounted Cash Flow Calculation for TSE:2593 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ito En 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:2593 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 4.97%)
2020 20,866.33 Analyst x3 19,877.62
2021 20,004.00 Analyst x3 18,153.21
2022 21,161.00 Analyst x3 18,293.25
2023 20,500.00 Analyst x1 16,882.12
2024 21,200.00 Analyst x1 16,631.34
2025 21,403.93 Est @ 0.96% 15,995.70
2026 21,542.28 Est @ 0.65% 15,336.26
2027 21,633.94 Est @ 0.43% 14,671.74
2028 21,692.53 Est @ 0.27% 14,014.40
2029 21,727.79 Est @ 0.16% 13,372.05
Present value of next 10 years cash flows ¥163,227.00
TSE:2593 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥21,727.79 × (1 + -0.09%) ÷ (4.97% – -0.09%)
¥428,677.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥428,677.67 ÷ (1 + 4.97%)10
¥263,823.46
TSE:2593 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥163,227.00 + ¥263,823.46
¥427,050.46
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥427,050.46 / 121.24
¥3522.3
TSE:2593 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥3,522.30
Current discount Discount to share price of ¥5,900.00
= -1 x (¥5,900.00 - ¥3,522.30) / ¥3,522.30
-67.5%

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

  • The current share price of Ito En 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 Ito En's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ito En's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:2593 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in JPY ¥127.72
TSE:2593 Share Price ** TSE (2020-04-09) in JPY ¥5900
Japan Beverage Industry PE Ratio Median Figure of 9 Publicly-Listed Beverage Companies 19.74x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 12.4x

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

** Primary Listing of Ito En.

TSE:2593 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2593 Share Price ÷ EPS (both in JPY)

= 5900 ÷ 127.72

46.2x

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

  • Ito En is overvalued based on earnings compared to the JP Beverage industry average.
  • Ito En is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Ito En's expected growth come at a high price?
Raw Data
TSE:2593 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 46.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
2.3%per year
Japan Beverage Industry PEG Ratio Median Figure of 5 Publicly-Listed Beverage Companies 2.05x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

TSE:2593 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 46.2x ÷ 2.3%

20.48x

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

  • Ito En is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ito En's assets?
Raw Data
TSE:2593 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in JPY ¥1,261.57
TSE:2593 Share Price * TSE (2020-04-09) in JPY ¥5900
Japan Beverage Industry PB Ratio Median Figure of 11 Publicly-Listed Beverage Companies 0.99x
Japan Market PB Ratio Median Figure of 3,578 Publicly-Listed Companies 0.86x
TSE:2593 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2593 Share Price ÷ Book Value per Share (both in JPY)

= 5900 ÷ 1,261.57

4.68x

* Primary Listing of Ito En.

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

  • Ito En is overvalued based on assets compared to the JP Beverage industry average.
X
Value checks
We assess Ito En'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 Beverage 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 Beverage industry average (and greater than 0)? (1 check)
  5. Ito En has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

2593 Future Performance

 How is Ito En expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ito En expected to grow at an attractive rate?
  • Ito En's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Ito En's earnings growth is positive but not above the Japan market average.
  • Ito En's revenue growth is positive but not above the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:2593 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:2593 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 2.3%
TSE:2593 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.9%
Japan Beverage Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
Japan Beverage Industry Revenue Growth Rate Market Cap Weighted Average 1.4%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.3%
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:2593 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:2593 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-04-30 515,400 32,800 16,200 1
2023-04-30 509,700 32,100 15,900 1
2022-04-30 509,400 32,361 15,967 3
2021-04-30 505,067 31,204 15,467 3
2020-04-30 497,200 32,600 14,667 3
2020-04-09
TSE:2593 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2020-01-31 494,268 15,503
2019-10-31 494,156 27,585 14,689
2019-07-31 494,952 14,689
2019-04-30 504,153 26,128 14,462
2019-01-31 507,521 13,862
2018-10-31 504,378 26,214 12,005
2018-07-31 497,910 12,292
2018-04-30 494,793 25,322 12,553
2018-01-31 487,619 11,078
2017-10-31 483,666 22,527 14,016
2017-07-31 483,274 13,807
2017-04-30 475,866 27,098 13,693

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ito En's earnings are expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
  • Ito En's revenue is expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:2593 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 3 Analyst Estimates (S&P Global) See Below

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

TSE:2593 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-04-30 130.00 130.00 130.00 1.00
2023-04-30 127.50 127.50 127.50 1.00
2022-04-30 128.57 132.20 125.10 3.00
2021-04-30 124.50 126.60 122.60 3.00
2020-04-30 117.95 118.80 116.40 3.00
2020-04-09
TSE:2593 Past Financials Data
Date (Data in JPY Millions) EPS *
2020-01-31 127.72
2019-10-31 120.88
2019-07-31 120.74
2019-04-30 118.74
2019-01-31 113.67
2018-10-31 98.30
2018-07-31 100.51
2018-04-30 102.53
2018-01-31 90.42
2017-10-31 114.32
2017-07-31 112.54
2017-04-30 111.53

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

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

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

2593 Past Performance

  How has Ito En 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 Ito En's growth in the last year to its industry (Beverage).
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.
  • Ito En's year on year earnings growth rate has been positive over the past 5 years.
  • Ito En's 1-year earnings growth is less than its 5-year average (11.8% vs 12.4%)
  • Ito En's earnings growth has exceeded the JP Beverage industry average in the past year (11.8% vs -5.9%).
Earnings and Revenue History
Ito En'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 Ito En Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:2593 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 494,268.00 15,503.00 202,256.00 1,833.00
2019-10-31 494,156.00 14,689.00 200,942.00 1,833.00
2019-07-31 494,952.00 14,689.00 201,877.00 1,833.00
2019-04-30 504,153.00 14,462.00 204,426.00 1,833.00
2019-01-31 507,521.00 13,862.00 204,420.00 1,786.00
2018-10-31 504,378.00 12,005.00 203,837.00 1,786.00
2018-07-31 497,910.00 12,292.00 201,266.00 1,786.00
2018-04-30 494,793.00 12,553.00 199,280.00 1,786.00
2018-01-31 487,619.00 11,078.00 199,163.00 1,825.00
2017-10-31 483,666.00 14,016.00 197,129.00 1,825.00
2017-07-31 483,274.00 13,807.00 195,309.00 1,825.00
2017-04-30 475,866.00 13,693.00 192,258.00 1,825.00
2017-01-31 474,357.00 13,313.00 188,118.00 1,748.00
2016-10-31 470,785.00 11,832.00 186,641.00 1,748.00
2016-07-31 466,440.00 9,802.00 185,538.00 1,748.00
2016-04-30 465,579.00 8,615.00 185,838.00 1,748.00
2016-01-31 458,085.00 10,178.00 184,208.00 1,788.00
2015-10-31 449,566.00 8,620.00 183,659.00 1,788.00
2015-07-31 440,023.00 8,746.00 181,354.00 1,788.00
2015-04-30 430,541.00 7,292.00 180,617.00 1,788.00
2015-01-31 432,141.00 7,373.00 179,664.00 1,637.00
2014-10-31 432,623.00 8,149.00 179,223.00 1,637.00
2014-07-31 437,262.00 10,046.00 178,861.00 1,637.00
2014-04-30 437,755.00 12,096.00 175,680.00 1,637.00
2014-01-31 430,617.00 11,249.00 173,291.00 1,676.00
2013-10-31 426,473.00 12,019.00 169,548.00 1,676.00
2013-07-31 416,914.00 11,784.00 164,081.00 1,676.00
2013-04-30 403,957.00 11,244.00 157,915.00 1,676.00

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

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

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

2593 Health

 How is Ito En'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 Ito En's finances.

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

TSE:2593 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 154,228.00 55,492.00 63,218.00
2019-10-31 154,399.00 55,842.00 63,494.00
2019-07-31 148,910.00 56,192.00 51,964.00
2019-04-30 150,922.00 56,542.00 63,738.00
2019-01-31 146,671.00 56,892.00 59,225.00
2018-10-31 149,007.00 57,252.00 61,376.00
2018-07-31 143,648.00 57,592.00 50,961.00
2018-04-30 143,750.00 57,942.00 61,664.00
2018-01-31 141,511.00 58,539.00 61,098.00
2017-10-31 144,314.00 59,154.00 61,998.00
2017-07-31 138,078.00 59,528.00 55,424.00
2017-04-30 136,709.00 59,797.00 64,202.00
2017-01-31 134,854.00 51,334.00 55,627.00
2016-10-31 131,317.00 51,291.00 56,026.00
2016-07-31 126,205.00 51,358.00 45,466.00
2016-04-30 127,214.00 51,454.00 53,259.00
2016-01-31 128,603.00 51,858.00 51,640.00
2015-10-31 130,309.00 51,404.00 49,634.00
2015-07-31 127,655.00 51,386.00 40,330.00
2015-04-30 127,761.00 51,354.00 48,922.00
2015-01-31 122,847.00 42,614.00 59,783.00
2014-10-31 124,573.00 22,220.00 37,673.00
2014-07-31 120,250.00 22,260.00 28,797.00
2014-04-30 120,508.00 26,978.00 46,412.00
2014-01-31 118,574.00 27,262.00 42,800.00
2013-10-31 120,239.00 27,468.00 45,940.00
2013-07-31 114,457.00 26,984.00 29,511.00
2013-04-30 113,941.00 27,110.00 44,856.00
  • Ito En's level of debt (36%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (34.8% vs 36% today).
  • Debt is well covered by operating cash flow (49.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 123x coverage).
X
Financial health checks
We assess Ito En'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. Ito En has a total score of 5/6, 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.

2593 Dividends

 What is Ito En'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
0.68%
Current annual income from Ito En dividends. Estimated to be 0.7% next year.
If you bought ¥2,000 of Ito En shares you are expected to receive ¥14 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?
  • Ito En's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.7%).
  • Ito En's dividend is below the markets top 25% of dividend payers in Japan (3.92%).
Upcoming dividend payment

Purchase Ito En 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:2593 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 3 Analyst Estimates (S&P Global) See Below
Japan Beverage Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.4%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2987 Stocks 2.8%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.7%
Japan Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

TSE:2593 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-04-30 44.00 1.00
2023-04-30 44.00 1.00
2022-04-30 41.00 2.00
2021-04-30 41.00 2.00
2020-04-30 40.00 3.00
2020-04-09
TSE:2593 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-03-13 40.000 0.771
2020-03-02 40.000 0.859
2019-12-13 40.000 0.739
2019-12-02 40.000 0.721
2019-07-25 40.000 0.788
2019-06-03 40.000 0.784
2019-03-14 40.000 0.732
2019-03-01 40.000 0.771
2018-12-13 40.000 0.809
2018-12-03 40.000 0.792
2018-07-27 40.000 0.815
2018-06-01 40.000 0.788
2018-03-13 40.000 0.928
2018-03-01 40.000 0.960
2017-12-08 40.000 0.896
2017-12-01 40.000 0.931
2017-07-26 40.000 1.005
2017-06-01 40.000 0.946
2017-03-10 40.000 0.959
2017-03-01 40.000 1.039
2016-12-09 40.000 1.061
2016-12-01 40.000 1.132
2016-07-28 40.000 1.134
2016-06-01 40.000 1.029
2016-03-11 40.000 1.139
2016-03-01 40.000 1.181
2015-12-11 40.000 1.306
2015-12-01 40.000 1.395
2015-07-29 40.000 1.512
2015-06-01 40.000 1.503
2015-03-13 40.000 1.566
2015-03-02 40.000 1.643
2014-12-12 40.000 1.783
2014-12-01 40.000 1.863
2014-06-03 40.000 1.690
2014-03-14 38.000 1.696
2014-03-03 38.000 1.761
2013-12-13 38.000 1.725
2013-12-02 38.000 1.746
2013-09-02 38.000 1.711
2013-06-03 38.000 1.680
2013-03-15 38.000 1.658
2013-03-01 38.000 1.908
2012-12-14 38.000 2.213
2012-12-03 38.000 2.454
2012-09-03 38.000 2.496
2012-07-27 38.000 2.524
2012-06-01 38.000 2.617
2012-03-16 38.000 2.690
2012-03-01 38.000 2.750
2011-12-15 38.000 2.887
2011-12-01 38.000 2.856
2011-09-02 38.000 2.771
2011-07-27 38.000 2.784
2011-03-17 38.000 2.696
2011-03-02 38.000 2.765
2010-12-15 38.000 2.714
2010-07-28 38.000 2.800
2010-06-02 38.000 2.800
2010-03-17 38.000 2.707
2010-03-02 38.000 2.833
2009-12-15 38.000 2.768
2009-12-02 38.000 2.732
2009-06-03 38.000 2.536

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

  • Ito En is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • Ito En is not paying a notable dividend for Japan, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Ito En's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Ito En's dividends as it is not paying a notable one for Japan.
Future Payout to shareholders
  • No need to calculate the sustainability of Ito En's dividends in 3 years as they are not expected to pay a notable one for Japan.
X
Income/ dividend checks
We assess Ito En's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 Ito En afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ito En 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.

2593 Management

 What is the CEO of Ito En'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 Honjo
COMPENSATION ¥111,000,000
AGE 56
TENURE AS CEO 0.9 years
CEO Bio

Mr. Daisuke Honjo has been the President of Ito En, Ltd. since May 2009. Mr. Honjo served as a Vice-President of Ito En, Ltd. since July 2002 and Executive Managing Director since May 2000. He has been a Representative Director of Ito En, Ltd. since July 1990 and serves as its Chief Executive Officer since May 2019.

CEO Compensation
  • Insufficient data for Daisuke to compare compensation growth.
  • Daisuke's remuneration is about average for companies of similar size in Japan.
Management Team Tenure

Average tenure and age of the Ito En management team in years:

8.9
Average Tenure
60
Average Age
  • The average tenure for the Ito En management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Daisuke Honjo

TITLE
President
COMPENSATION
¥111M
AGE
56
TENURE
0.9 yrs

Atsushi Hirata

TITLE
Senior Managing Executive Officer & GM of Administration Division

Hisashi Ishida

TITLE
Managing Executive Officer

Shusuke Honjo

TITLE
Executive VP
AGE
52

Mitsuo Yashiro

TITLE
Senior Managing Executive Officer & Director
AGE
65
TENURE
18.9 yrs

Minoru Watanabe

TITLE
Executive VP & Director
AGE
68
TENURE
11.9 yrs

Shunji Hashimoto

TITLE
Vice Chairman & Director
AGE
71
TENURE
19.9 yrs

Motohiko Takuma

TITLE
Managing Executive Officer & Deputy Manager of Production Division

Yoshihisa Nakano

TITLE
Senior Managing Executive Officer
AGE
53
TENURE
5.9 yrs

Shigeru Kamiya

TITLE
Senior Managing Executive Officer & Director
AGE
60
TENURE
3.9 yrs
Board of Directors Tenure

Average tenure and age of the Ito En board of directors in years:

17.3
Average Tenure
62.5
Average Age
  • The average tenure for the Ito En board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Hachiro Honjo

TITLE
Chairman of the Board
COMPENSATION
¥150M
AGE
79
TENURE
10.9 yrs

Daisuke Honjo

TITLE
President
COMPENSATION
¥111M
AGE
56
TENURE
29.8 yrs

Shusuke Honjo

TITLE
Executive VP
AGE
52
TENURE
16.8 yrs

Mitsuo Yashiro

TITLE
Senior Managing Executive Officer & Director
AGE
65
TENURE
27.8 yrs

Minoru Watanabe

TITLE
Executive VP & Director
AGE
68
TENURE
23.8 yrs

Shunji Hashimoto

TITLE
Vice Chairman & Director
AGE
71
TENURE
29.8 yrs

Yoshihisa Nakano

TITLE
Senior Managing Executive Officer
AGE
53
TENURE
9.8 yrs

Shigeru Kamiya

TITLE
Senior Managing Executive Officer & Director
AGE
60
TENURE
5.8 yrs

J.O. Honjo

TITLE
Director
AGE
53
TENURE
17.8 yrs

Morikazu Taguchi

TITLE
External Director
AGE
75
TENURE
6.8 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 Ito En'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. Ito En 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.

2593 News

Simply Wall St News

2593 Company Info

Description

Ito En, Ltd. manufactures and sells green tea beverages. The company provides Japanese tea, black tea, coffee, Chinese tea, fruit, vegetable, and other beverages; and tea leaves, as well as yoghurt, milk, and other dairy products. It offers its products through convenience stores, supermarkets, vending machines, and other channels. The company primarily operates under the Oi Ocha, TULLY’s COFFEE, and MATCHA GREEN TEA brands. It also manages eateries. The company was formerly known as Frontier Tea Corporation and changed its name to Ito En, Ltd. in May 1969. Ito En, Ltd. was founded in 1966 and is headquartered in Tokyo, Japan.

Details
Name: Ito En, Ltd.
2593
Exchange: TSE
Founded: 1966
¥590,112,906,864
121,241,774
Website: http://www.itoen.co.jp
Address: Ito En, Ltd.
47-10, Honmachi 3-chome,
Shibuya-ku,
Tokyo,
151-8550,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2593 Common Stock The Tokyo Stock Exchange JP JPY 18. Jun 1992
OTCPK ITOE.F Common Stock Pink Sheets LLC US USD 18. Jun 1992
TSE 25935 Class A Preferred Shares The Tokyo Stock Exchange JP JPY 03. Sep 2007
OTCPK ITON.F Class A Preferred Shares Pink Sheets LLC US USD 03. Sep 2007
Number of employees
Current staff
Staff numbers
8,269
Ito En employees.
Industry
Soft Drinks
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 15:11
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/03/06
Last earnings filing: 2020/03/13
Last earnings reported: 2020/01/31
Last annual earnings reported: 2019/04/30


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.