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Artnature

TSE:7823
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7823
TSE
¥22B
Market Cap
  1. Home
  2. JP
  3. Household
Company description

Artnature Inc. provides hair solutions for men and women in Japan. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Artnature has significant price volatility in the past 3 months.
7823 Share Price and Events
7 Day Returns
12.4%
TSE:7823
8%
JP Personal Products
5.1%
JP Market
1 Year Returns
8.1%
TSE:7823
-9.6%
JP Personal Products
-10.9%
JP Market
7823 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Artnature (7823) 12.4% 16.3% -20.9% 8.1% -3.8% -40.1%
JP Personal Products 8% 10% -9.2% -9.6% 55.7% 75.2%
JP Market 5.1% 1.7% -17.6% -10.9% -3% -7.5%
1 Year Return vs Industry and Market
  • 7823 outperformed the Personal Products industry which returned -9.6% over the past year.
  • 7823 outperformed the Market in Japan which returned -10.9% over the past year.
Price Volatility
7823
Industry
5yr Volatility vs Market

7823 Value

 Is Artnature 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 Artnature 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 Artnature.

TSE:7823 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5%
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:7823
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Personal Products Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.684 (1 + (1- 30.86%) (0.45%))
0.79
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:7823 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Artnature 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:7823 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 4.97%)
2020 2,618.04 Est @ 2.47% 2,493.99
2021 2,662.55 Est @ 1.7% 2,416.21
2022 2,693.52 Est @ 1.16% 2,328.50
2023 2,714.73 Est @ 0.79% 2,235.63
2024 2,728.95 Est @ 0.52% 2,140.86
2025 2,738.23 Est @ 0.34% 2,046.35
2026 2,744.00 Est @ 0.21% 1,953.49
2027 2,747.31 Est @ 0.12% 1,863.18
2028 2,748.89 Est @ 0.06% 1,775.91
2029 2,749.25 Est @ 0.01% 1,691.99
Present value of next 10 years cash flows ¥20,946.00
TSE:7823 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,749.25 × (1 + -0.09%) ÷ (4.97% – -0.09%)
¥54,241.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥54,241.27 ÷ (1 + 4.97%)10
¥33,382.00
TSE:7823 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥20,946.00 + ¥33,382.00
¥54,328.00
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥54,328.00 / 32.36
¥1678.66
TSE:7823 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,678.66
Current discount Discount to share price of ¥678.00
= -1 x (¥678.00 - ¥1,678.66) / ¥1,678.66
59.6%

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

Current Discount
Amount off the current price Artnature is available for.
Intrinsic value
>50%
Share price is ¥678 vs Future cash flow value of ¥1678.66
Current Discount Checks
For Artnature to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Artnature's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Artnature's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Artnature's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Artnature's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:7823 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥58.12
TSE:7823 Share Price ** TSE (2020-04-09) in JPY ¥678
Japan Personal Products Industry PE Ratio Median Figure of 23 Publicly-Listed Personal Products Companies 26.24x
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 Artnature.

TSE:7823 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7823 Share Price ÷ EPS (both in JPY)

= 678 ÷ 58.12

11.67x

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

  • Artnature is good value based on earnings compared to the JP Personal Products industry average.
  • Artnature is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Artnature's expected growth come at a high price?
Raw Data
TSE:7823 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Personal Products Industry PEG Ratio Median Figure of 12 Publicly-Listed Personal Products Companies 3.6x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.37x

*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 Artnature, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Artnature's assets?
Raw Data
TSE:7823 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥779.98
TSE:7823 Share Price * TSE (2020-04-09) in JPY ¥678
Japan Personal Products Industry PB Ratio Median Figure of 27 Publicly-Listed Personal Products Companies 2.51x
Japan Market PB Ratio Median Figure of 3,578 Publicly-Listed Companies 0.86x
TSE:7823 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7823 Share Price ÷ Book Value per Share (both in JPY)

= 678 ÷ 779.98

0.87x

* Primary Listing of Artnature.

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

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

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

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

7823 Future Performance

 How is Artnature 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 Artnature 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
8%
Expected Personal Products industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Artnature expected to grow at an attractive rate?
  • Unable to compare Artnature's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Artnature's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Artnature's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:7823 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Personal Products Industry Earnings Growth Rate Market Cap Weighted Average 8%
Japan Personal Products Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
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:7823 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:7823 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:7823 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 39,565 1,892
2019-09-30 40,184 3,691 2,869
2019-06-30 38,087 1,704
2019-03-31 37,985 4,449 1,864
2018-12-31 37,570 1,470
2018-09-30 37,359 4,406 1,430
2018-06-30 37,507 1,338
2018-03-31 37,254 3,686 897
2017-12-31 37,447 732
2017-09-30 38,072 4,375 1,152
2017-06-30 38,471 1,164
2017-03-31 38,961 4,301 1,394

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Artnature is high growth as no earnings estimate data is available.
  • Unable to determine if Artnature 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:7823 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Artnature Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:7823 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:7823 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 58.12
2019-09-30 88.14
2019-06-30 52.35
2019-03-31 57.23
2018-12-31 45.06
2018-09-30 43.66
2018-06-30 40.66
2018-03-31 27.16
2017-12-31 22.10
2017-09-30 34.76
2017-06-30 35.13
2017-03-31 42.08

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

Next steps:

  1. Examine whether Artnature is trading at Artnature'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Artnature'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 Household 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 Artnature'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.
Artnature 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.

7823 Past Performance

  How has Artnature 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 Artnature's growth in the last year to its industry (Personal Products).
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.
  • Artnature's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Artnature's 1-year earnings growth exceeds its 5-year average (28.7% vs -3.9%)
  • Artnature's earnings growth has exceeded the JP Personal Products industry average in the past year (28.7% vs 2.1%).
Earnings and Revenue History
Artnature'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 Artnature Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:7823 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 39,565.00 1,892.00 23,115.00
2019-09-30 40,184.00 2,869.00 22,546.00
2019-06-30 38,087.00 1,704.00 22,352.00
2019-03-31 37,985.00 1,864.00 22,068.00
2018-12-31 37,570.00 1,470.00 21,905.00
2018-09-30 37,359.00 1,430.00 21,655.00
2018-06-30 37,507.00 1,338.00 21,565.00
2018-03-31 37,254.00 897.00 22,003.00
2017-12-31 37,447.00 732.00 22,080.00
2017-09-30 38,072.00 1,152.00 22,452.00
2017-06-30 38,471.00 1,164.00 23,120.00
2017-03-31 38,961.00 1,394.00 23,200.00
2016-12-31 38,860.00 1,732.00 23,250.00
2016-09-30 39,384.00 1,400.00 23,862.00
2016-06-30 39,643.00 1,400.00 24,046.00
2016-03-31 40,515.00 1,731.00 24,457.00
2015-12-31 41,716.00 2,143.00 24,968.00
2015-09-30 41,648.00 1,958.00 25,413.00
2015-06-30 41,341.00 2,114.00 25,327.00
2015-03-31 41,283.00 2,252.00 25,215.00
2014-12-31 41,031.00 2,362.00 25,534.00
2014-09-30 40,791.00 2,767.00 24,815.00
2014-06-30 39,886.00 2,543.00 24,284.00
2014-03-31 40,017.00 3,131.00 23,533.00
2013-12-31 38,397.00 2,686.00 22,876.00
2013-09-30 37,486.00 2,730.00 22,202.00
2013-06-30 37,085.00 3,176.00 21,405.00

*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.
  • Artnature has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Artnature used its assets less efficiently than the JP Personal Products industry average last year based on Return on Assets.
  • Artnature has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Artnature'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 Personal Products 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.
Artnature 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.

7823 Health

 How is Artnature'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 Artnature's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Artnature is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Artnature's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Artnature'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 245.8x 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 Artnature Company Filings, last reported 3 months ago.

TSE:7823 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 25,412.00 98.00 16,672.00
2019-09-30 26,330.00 198.00 18,732.00
2019-06-30 24,562.00 298.00 16,906.00
2019-03-31 24,767.00 398.00 18,317.00
2018-12-31 24,331.00 498.00 17,164.00
2018-09-30 24,295.00 598.00 17,529.00
2018-06-30 23,668.00 698.00 16,192.00
2018-03-31 24,021.00 798.00 16,670.00
2017-12-31 23,906.00 898.00 15,186.00
2017-09-30 24,233.00 998.00 15,664.00
2017-06-30 23,733.00 1,099.00 14,200.00
2017-03-31 24,430.00 1,200.00 15,626.00
2016-12-31 24,125.00 1,300.00 13,678.00
2016-09-30 23,981.00 1,400.00 13,808.00
2016-06-30 23,720.00 1,501.00 14,958.00
2016-03-31 23,651.00 1,601.00 16,071.00
2015-12-31 23,530.00 1,701.00 15,220.00
2015-09-30 23,556.00 1,802.00 15,766.00
2015-06-30 22,989.00 1,902.00 14,707.00
2015-03-31 23,012.00 2,002.00 16,308.00
2014-12-31 22,175.00 0.00 15,397.00
2014-09-30 22,155.00 0.00 16,131.00
2014-06-30 21,581.00 0.00 14,782.00
2014-03-31 21,407.00 0.00 16,709.00
2013-12-31 20,705.00 0.00 14,833.00
2013-09-30 19,006.00 0.00 13,997.00
2013-06-30 18,594.00 0.00 13,337.00
  • Artnature's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.1% vs 0.4% today).
  • Debt is well covered by operating cash flow (3766.3%, greater than 20% of total debt).
  • Artnature earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Artnature'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. Artnature 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.

7823 Dividends

 What is Artnature'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
4.13%
Current annual income from Artnature dividends.
If you bought ¥2,000 of Artnature shares you are expected to receive ¥83 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?
  • Artnature's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.7%).
  • Artnature's dividend is above the markets top 25% of dividend payers in Japan (3.92%).
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:7823 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 Personal Products Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.4%
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:7823 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:7823 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-02-05 28.000 4.312
2019-11-14 28.000 3.490
2019-10-30 28.000 3.756
2019-06-21 28.000 4.307
2019-05-15 28.000 4.430
2019-01-30 28.000 4.446
2018-11-14 28.000 4.337
2018-10-30 28.000 4.163
2018-06-22 28.000 3.942
2018-05-15 28.000 3.858
2018-02-14 28.000 3.837
2018-01-30 28.000 3.733
2017-11-14 28.000 3.549
2017-10-30 28.000 3.594
2017-06-23 28.000 3.910
2017-05-15 28.000 3.828
2017-02-14 28.000 3.729
2017-01-30 28.000 3.757
2016-11-14 28.000 4.138
2016-10-28 28.000 4.533
2016-06-24 28.000 3.913
2016-05-13 28.000 3.250
2016-01-29 28.000 2.877
2015-06-25 28.000 2.605
2015-06-04 28.000 2.493
2015-02-13 30.000 2.687
2015-01-30 30.000 2.649
2014-10-30 30.000 2.250
2014-06-25 27.500 1.841
2014-05-14 27.500 1.893
2014-02-14 25.000 1.796
2014-01-30 25.000 1.890
2013-11-14 25.000 2.095
2013-10-30 25.000 2.240
2013-05-10 25.000 2.611
2013-02-14 25.000 3.193
2013-01-30 25.000 3.535
2012-11-14 25.000 3.743
2012-10-30 25.000 3.938
2012-07-30 25.000 4.292
2012-06-22 25.000 4.821
2012-05-11 25.000 5.116
2012-02-14 25.000 4.988
2012-01-30 25.000 5.069
2011-11-14 25.000 5.659
2011-10-28 25.000 6.007
2011-07-29 25.000 6.049
2011-06-24 25.000 6.260
2011-05-13 25.000 6.448
2011-02-10 25.000 6.291
2011-01-28 25.000 6.286
2010-11-12 25.000 6.610
2010-10-29 25.000 6.902
2010-06-25 25.000 6.543
2010-05-13 25.000 6.611
2010-02-12 25.000 6.512
2010-01-29 25.000 6.639
2009-11-13 25.000 6.899
2009-10-29 25.000 7.130
2009-07-31 25.000 6.356
2009-06-26 25.000 5.886

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Artnature's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x 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 Artnature'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 Artnature afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Artnature has a total score of 4/6, see the detailed checks below.


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

7823 Management

 What is the CEO of Artnature'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
Yoshikata Igarashi
COMPENSATION ¥162,000,000
AGE 78
TENURE AS CEO 12.8 years
CEO Bio

Mr. Yoshitake Igarashi has been the President at Artnature, Inc. since July 2007. Mr. Igarashi joined Artnature, Inc. in June 1967. He established Artnature Kansai, Inc. and served as its President since October 1977. He established Artnature Shikoku, Inc. and served as its President since October 1981. He served as the President of Artnature, Inc. since April 2000 and Artnature Tokyo, Inc. since August 2000. He served as the President at Artnature Chiba, Inc. and Artnature Miyako, Inc. since March 2001. He has been Chairman and Representative Director at Artnature, Inc. since July 2007. Mr. Igarashi has been Chairman and Director at ANLP Company since December 2007. He has been Chairman and Director at ANBH Company since June 2006. He has been Chairman and Director at P-Call Company since February 2004. He has been Chairman and Director at AN Philippine Company (Formerl y Eurotech Company) since September 2002. He served as Representative Director at Artnature Shikoku, Inc., Artnature Tokyo, Inc., Artnature Chiba, Inc. and Artnature Miyako, Inc.

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

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

12.5
Average Tenure
61
Average Age
  • The average tenure for the Artnature management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yoshikata Igarashi

TITLE
Chairman & President
COMPENSATION
¥162M
AGE
78
TENURE
12.8 yrs

Hiroaki Inoue

TITLE
Executive Officer and General Manager of Finance & Accounting Division

Katsuya Murata

TITLE
Senior Executive Officer

Hisakazu Moriyasu

TITLE
Managing Director
AGE
61
TENURE
4.7 yrs

Isao Naito

TITLE
Managing Director
AGE
60
TENURE
4 yrs

Keisuke Igarashi

TITLE
Managing Director and Director
AGE
48
TENURE
12.5 yrs

Hisayuki Kawazoe

TITLE
Senior Executive Officer
AGE
61
TENURE
12.8 yrs

Keisuke Satake

TITLE
Senior Executive Officer
AGE
63

Takashi Kawada

TITLE
Senior Executive Officer
AGE
61

Koyuri Shigematsu

TITLE
Executive Officer
Board of Directors Tenure

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

7.8
Average Tenure
60.5
Average Age
  • The tenure for the Artnature board of directors is about average.
Board of Directors

Yoshikata Igarashi

TITLE
Chairman & President
COMPENSATION
¥162M
AGE
78
TENURE
12.8 yrs

Hisakazu Moriyasu

TITLE
Managing Director
AGE
61

Isao Naito

TITLE
Managing Director
AGE
60
TENURE
7.8 yrs

Keisuke Igarashi

TITLE
Managing Director and Director
AGE
48

Hisayuki Kawazoe

TITLE
Senior Executive Officer
AGE
61
TENURE
10.8 yrs

Keisuke Satake

TITLE
Senior Executive Officer
AGE
63
TENURE
7.8 yrs

Takashi Kawada

TITLE
Senior Executive Officer
AGE
61

Jiro Nagao

TITLE
Outside Director
AGE
52
TENURE
5.8 yrs

Yasuko Kobashikawa

TITLE
Outside Director
AGE
54
TENURE
4.7 yrs

Makoto Sano

TITLE
Outside Auditor
AGE
50
TENURE
18.8 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 Artnature'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. Artnature 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.

7823 News

Simply Wall St News

7823 Company Info

Description

Artnature Inc. provides hair solutions for men and women in Japan. It manufactures and sells custom-made wigs, hairpieces, hair-growth, and haircare products; and offers hair growth and beauty services. As of March 31, 2019, the company operated 272 stores. Artnature Inc. was founded in 1965 and is headquartered in Tokyo, Japan.

Details
Name: Artnature Inc.
7823
Exchange: TSE
Founded: 1965
¥21,942,697,758
32,363,861
Website: http://www.artnature.co.jp
Address: Artnature Inc.
3-40-7 Yoyogi,
Shibuya-ku,
Tokyo,
151-0053,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7823 Common Stock The Tokyo Stock Exchange JP JPY 14. Feb 2007
Number of employees
Current staff
Staff numbers
3,519
Artnature employees.
Industry
Personal Products
Household
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 17:37
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2019/06/21
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.