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Nihon Seiko

TSE:5729
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5729
TSE
¥4B
Market Cap
  1. Home
  2. JP
  3. Materials
Company description

Nihon Seiko Co., Ltd. manufactures and sells antimony compounds and metal powders in Japan. The last earnings update was 57 days ago. More info.


Add to Portfolio Compare Print
  • Nihon Seiko has significant price volatility in the past 3 months.
5729 Share Price and Events
7 Day Returns
-5%
TSE:5729
-11.8%
JP Metals and Mining
-8.9%
JP Market
1 Year Returns
-21.1%
TSE:5729
-45.2%
JP Metals and Mining
-17.9%
JP Market
5729 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Nihon Seiko (5729) -5% -11% - -21.1% -10% -4.5%
JP Metals and Mining -11.8% -21.7% -39.2% -45.2% -47.6% -57.7%
JP Market -8.9% -12.1% -22.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 5729 outperformed the Metals and Mining industry which returned -45.2% over the past year.
  • 5729 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
5729
Industry
5yr Volatility vs Market

5729 Value

 Is Nihon Seiko 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 Nihon Seiko 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 Nihon Seiko.

TSE:5729 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 6.6%
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:5729
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Metals and Mining Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.82 (1 + (1- 30.86%) (45.34%))
1.052
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.052 * 6.33%)
6.57%

Discounted Cash Flow Calculation for TSE:5729 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Nihon Seiko 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:5729 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.57%)
2020 1,128.17 Est @ 0.91% 1,058.63
2021 1,135.09 Est @ 0.61% 999.47
2022 1,139.65 Est @ 0.4% 941.64
2023 1,142.55 Est @ 0.25% 885.85
2024 1,144.28 Est @ 0.15% 832.50
2025 1,145.18 Est @ 0.08% 781.81
2026 1,145.50 Est @ 0.03% 733.83
2027 1,145.42 Est @ -0.01% 688.54
2028 1,145.05 Est @ -0.03% 645.90
2029 1,144.48 Est @ -0.05% 605.79
Present value of next 10 years cash flows ¥8,173.00
TSE:5729 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥1,144.48 × (1 + -0.09%) ÷ (6.57% – -0.09%)
¥17,172.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥17,172.76 ÷ (1 + 6.57%)10
¥9,089.71
TSE:5729 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥8,173.00 + ¥9,089.71
¥17,262.71
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥17,262.71 / 2.44
¥7072.94
TSE:5729 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥7,072.94
Current discount Discount to share price of ¥1,800.00
= -1 x (¥1,800.00 - ¥7,072.94) / ¥7,072.94
74.6%

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

Current Discount
Amount off the current price Nihon Seiko is available for.
Intrinsic value
>50%
Share price is ¥1800 vs Future cash flow value of ¥7072.94
Current Discount Checks
For Nihon Seiko to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Nihon Seiko's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Nihon Seiko'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 Nihon Seiko's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Nihon Seiko's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:5729 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥107.75
TSE:5729 Share Price ** TSE (2020-04-01) in JPY ¥1800
Japan Metals and Mining Industry PE Ratio Median Figure of 51 Publicly-Listed Metals and Mining Companies 7.36x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 11.52x

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

** Primary Listing of Nihon Seiko.

TSE:5729 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:5729 Share Price ÷ EPS (both in JPY)

= 1800 ÷ 107.75

16.71x

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

  • Nihon Seiko is overvalued based on earnings compared to the JP Metals and Mining industry average.
  • Nihon Seiko is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Nihon Seiko's expected growth come at a high price?
Raw Data
TSE:5729 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Metals and Mining Industry PEG Ratio Median Figure of 18 Publicly-Listed Metals and Mining Companies 0.93x
Japan Market PEG Ratio Median Figure of 1,282 Publicly-Listed Companies 1.26x

*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 Nihon Seiko, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Nihon Seiko's assets?
Raw Data
TSE:5729 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,927.48
TSE:5729 Share Price * TSE (2020-04-01) in JPY ¥1800
Japan Metals and Mining Industry PB Ratio Median Figure of 64 Publicly-Listed Metals and Mining Companies 0.39x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x
TSE:5729 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:5729 Share Price ÷ Book Value per Share (both in JPY)

= 1800 ÷ 2,927.48

0.61x

* Primary Listing of Nihon Seiko.

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

  • Nihon Seiko is overvalued based on assets compared to the JP Metals and Mining industry average.
X
Value checks
We assess Nihon Seiko'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 Metals and Mining 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 Metals and Mining industry average (and greater than 0)? (1 check)
  5. Nihon Seiko has a total score of 2/6, 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.

5729 Future Performance

 How is Nihon Seiko 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 Nihon Seiko 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
35.4%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Nihon Seiko expected to grow at an attractive rate?
  • Unable to compare Nihon Seiko's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Nihon Seiko's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Nihon Seiko's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:5729 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 35.4%
Japan Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 1.3%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.1%
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:5729 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:5729 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:5729 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 11,256 263
2019-09-30 12,203 1,573 398
2019-06-30 13,365 677
2019-03-31 14,083 1,113 829
2018-12-31 14,575 824
2018-09-30 14,598 643 856
2018-06-30 14,516 911
2018-03-31 14,528 773 951
2017-12-31 14,121 1,016
2017-09-30 13,501 705 997
2017-06-30 12,481 855
2017-03-31 11,511 925 644

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Nihon Seiko is high growth as no earnings estimate data is available.
  • Unable to determine if Nihon Seiko 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:5729 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 Nihon Seiko Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:5729 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:5729 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 107.75
2019-09-30 163.05
2019-06-30 277.34
2019-03-31 339.61
2018-12-31 337.56
2018-09-30 350.66
2018-06-30 373.17
2018-03-31 389.51
2017-12-31 416.09
2017-09-30 408.26
2017-06-30 350.08
2017-03-31 263.67

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

Next steps:

  1. Examine Nihon Seiko'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. Nihon Seiko'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 Materials 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 Nihon Seiko'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.
Nihon Seiko 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.

5729 Past Performance

  How has Nihon Seiko 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 Nihon Seiko's growth in the last year to its industry (Metals and Mining).
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.
  • Nihon Seiko's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Nihon Seiko's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Nihon Seiko's 1-year earnings growth is negative, it can't be compared to the JP Metals and Mining industry average.
Earnings and Revenue History
Nihon Seiko'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 Nihon Seiko Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:5729 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 11,256.00 263.00 961.00
2019-09-30 12,203.00 398.00 1,031.00
2019-06-30 13,365.00 677.00 1,031.00
2019-03-31 14,083.00 829.00 1,041.00
2018-12-31 14,575.00 824.00 1,060.00
2018-09-30 14,598.00 856.00 1,015.00
2018-06-30 14,516.00 911.00 1,010.00
2018-03-31 14,528.00 951.00 1,001.00
2017-12-31 14,121.00 1,016.00 982.00
2017-09-30 13,501.00 997.00 977.00
2017-06-30 12,481.00 855.00 968.00
2017-03-31 11,511.00 644.00 970.00
2016-12-31 10,880.00 446.00 927.00
2016-09-30 10,685.00 262.00 922.00
2016-06-30 11,150.00 247.00 924.00
2016-03-31 11,797.00 312.00 909.00
2015-12-31 12,693.00 474.00 925.00
2015-09-30 13,078.00 597.00 916.00
2015-06-30 13,130.00 628.00 901.00
2015-03-31 13,167.00 603.00 897.00
2014-12-31 12,767.00 517.00 878.00
2014-09-30 12,567.00 443.00 867.00
2014-06-30 12,452.00 410.00 864.00
2014-03-31 12,054.00 396.00 852.00
2013-12-31 11,661.00 383.00 854.00
2013-09-30 11,449.00 376.00 843.00
2013-06-30 11,362.00 365.00 839.00

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

5729 Health

 How is Nihon Seiko'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 Nihon Seiko's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Nihon Seiko is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Nihon Seiko's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Nihon Seiko'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 3.3x 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 Nihon Seiko Company Filings, last reported 3 months ago.

TSE:5729 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 7,145.00 1,992.00 2,726.00
2019-09-30 7,163.00 2,002.00 2,807.00
2019-06-30 7,234.00 2,117.00 2,583.00
2019-03-31 7,205.00 2,127.00 2,733.00
2018-12-31 7,073.00 2,242.00 2,298.00
2018-09-30 6,976.00 2,176.00 2,127.00
2018-06-30 6,765.00 2,303.00 2,049.00
2018-03-31 6,580.00 2,347.00 2,597.00
2017-12-31 6,466.00 2,474.00 2,375.00
2017-09-30 6,321.00 2,519.00 2,578.00
2017-06-30 6,024.00 2,525.00 2,451.00
2017-03-31 5,754.00 2,570.00 2,393.00
2016-12-31 5,539.00 2,716.00 2,229.00
2016-09-30 5,369.00 2,781.00 2,504.00
2016-06-30 5,249.00 2,897.00 2,399.00
2016-03-31 5,213.00 3,042.00 2,563.00
2015-12-31 5,228.00 3,288.00 2,462.00
2015-09-30 5,250.00 3,333.00 2,287.00
2015-06-30 5,146.00 3,383.00 2,288.00
2015-03-31 5,056.00 3,335.00 2,380.00
2014-12-31 4,896.00 3,686.00 2,379.00
2014-09-30 4,787.00 3,722.00 2,297.00
2014-06-30 4,641.00 3,861.00 2,614.00
2014-03-31 4,562.00 3,885.00 2,465.00
2013-12-31 4,498.00 3,855.00 2,019.00
2013-09-30 4,470.00 3,809.00 2,190.00
2013-06-30 4,354.00 3,977.00 2,354.00
  • Nihon Seiko's level of debt (27.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (75.2% vs 27.9% today).
  • Debt is well covered by operating cash flow (79%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 43.8x coverage).
X
Financial health checks
We assess Nihon Seiko'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. Nihon Seiko has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

5729 Dividends

 What is Nihon Seiko'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
4.17%
Current annual income from Nihon Seiko dividends.
If you bought ¥2,000 of Nihon Seiko 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?
  • Nihon Seiko's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.81%).
  • Nihon Seiko's dividend is below the markets top 25% of dividend payers in Japan (4.2%).
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:5729 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 Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 57 Stocks 3.4%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2988 Stocks 3%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.8%
Japan Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

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

TSE:5729 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:5729 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-14 75.000 3.540
2019-11-01 75.000 3.315
2019-06-28 75.000 3.230
2019-05-14 75.000 3.623
2019-02-14 75.000 3.342
2018-11-14 75.000 3.288
2018-10-30 75.000 2.914
2018-06-29 75.000 2.583
2018-05-11 75.000 2.318
2018-02-14 75.000 2.108
2018-02-02 75.000 2.100
2017-11-14 75.000 1.909
2017-11-01 75.000 1.833
2017-06-30 50.000 1.759
2017-05-12 50.000 2.237
2017-02-14 50.000 2.464
2017-02-03 50.000 2.480
2016-11-14 50.000 2.491
2016-11-02 50.000 2.660
2016-07-01 50.000 2.721
2016-05-13 50.000 3.031
2016-02-12 50.000 3.636
2016-02-03 50.000 3.860
2015-11-13 50.000 3.259
2015-11-06 50.000 3.171
2015-06-29 50.000 2.875
2015-05-15 50.000 2.573
2015-02-13 50.000 2.672
2015-02-04 50.000 2.874
2014-11-14 50.000 3.033
2014-10-31 50.000 3.099
2014-06-30 50.000 3.020
2014-05-15 50.000 3.405
2014-02-14 50.000 3.393
2014-02-05 50.000 3.427
2013-11-14 50.000 3.436
2013-11-01 50.000 3.739
2013-06-28 50.000 3.710
2013-05-15 50.000 3.798
2013-02-14 50.000 3.681
2013-02-01 50.000 3.603
2012-11-14 50.000 4.282
2012-11-02 50.000 4.906
2012-08-03 50.000 4.722
2012-06-29 50.000 4.406
2012-05-15 50.000 4.444
2012-02-03 50.000 3.366
2011-11-02 50.000 3.761
2011-08-05 50.000 3.676
2011-06-30 50.000 3.302
2011-05-13 50.000 3.300
2011-02-14 50.000 3.093
2011-02-04 50.000 2.638
2010-11-15 50.000 3.506
2010-11-05 50.000 4.209
2010-06-30 40.000 3.432
2010-05-14 40.000 3.542
2010-02-17 0.000 0.000
2010-02-05 0.000 0.000
2009-11-13 0.000 0.000
2009-11-06 0.000 0.000
2009-06-29 30.000 3.096
2009-05-15 30.000 3.637

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 Nihon Seiko'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 Nihon Seiko'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 Nihon Seiko afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Nihon Seiko has a total score of 3/6, see the detailed checks below.


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

5729 Management

 What is the CEO of Nihon Seiko'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
Michifumi Watanabe
AGE 67
TENURE AS CEO 3.8 years
CEO Bio

Mr. Michifumi Watanabe has been the Chief Executive Officer and President at Nihon Seiko Co., Ltd. since July 1, 2016 and served as its General Manager of Corporate Planning & Administration Department since June 2012 until July 1, 2016. Mr. Watanabe served as Manager of Planning Management Department at Nihon Seiko Co., Ltd. since June 2012. Mr. Watanabe has been an Auditor at ppon Atomized Metal Powders Corporation since June 2011. He served as Standing Corporate Auditor of Nihon Seiko Co., Ltd. since June 2011. Mr. Watanabe joined Nissho Iwai Corporation in April 1976. He serves as a Director of Nihon Seiko Co., Ltd.

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

Michifumi Watanabe

TITLE
Chief Executive Officer
AGE
67
TENURE
3.8 yrs

Takenori Wakabayashi

TITLE
MD, GM of Corporate Planning & Administration Department and Director
AGE
62

Noritaka Ueda

TITLE
Director & GM of Nakase Refinery
AGE
57
Board of Directors Tenure

Average tenure and age of the Nihon Seiko board of directors in years:

5.3
Average Tenure
65.5
Average Age
  • The tenure for the Nihon Seiko board of directors is about average.
Board of Directors

Michifumi Watanabe

TITLE
Chief Executive Officer
AGE
67
TENURE
7.8 yrs

Takenori Wakabayashi

TITLE
MD, GM of Corporate Planning & Administration Department and Director
AGE
62
TENURE
6.8 yrs

Noritaka Ueda

TITLE
Director & GM of Nakase Refinery
AGE
57

Katsuyuki Masuno

TITLE
Director
AGE
67
TENURE
2.8 yrs

Hiroaki Oonishi

TITLE
Director

Hiroharu Machida

TITLE
Standing Corporate Auditor
AGE
64
TENURE
3.8 yrs

Tamio Okada

TITLE
External Auditor
AGE
82
TENURE
16.8 yrs

Takayoshi Itsuno

TITLE
TENURE
2.8 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 Nihon Seiko'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. Nihon Seiko 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.

5729 News

Simply Wall St News

5729 Company Info

Description

Nihon Seiko Co., Ltd. manufactures and sells antimony compounds and metal powders in Japan. It offers antimony trioxide, which is used as a flame retardant additive for various plastics, rubbers, and fibers; for polyester polymerization catalysts and variable resistors; and for decolorizing and fining optical lenses, as well as used as pigments. The company also provides antimony metal for use in raw materials for semiconductors, film for optical memory disks, thermo-electron converters, storage batteries, bearing metals, hard lead castings, cable sheathing, typemetals, and sheet and pipe alloys; antimony metal powder for glass fining agents and alloys; antimony metal shots for alloys; and copper and antimony metal powder for electric detonators. In addition, it offers special treatment antimony trioxide; sodium antimonate for use in engineering plastics, and decolorization and fining of glasses; antimony trisulfide for use in friction materials, match box flints, fireworks, glass fining agents, powder for toys, and flash mixtures; and antimony pentasulfide for surface treatment of decorative trims and building materials. Further, the company provides antimony trichloride and antimony pentachloride for use as catalysts in fluorination, chlorination, and bromination of organic compounds, pigments, and semiconductor materials; SULMICS series metal sulphide; and STEM series products that are mixtures of flame retardants for use in poly-olefin plastics, such as PP and PE. Additionally, it manufactures and sells atomized metal powders of copper, tin, bronze, brass, silver, platinum, gold, cobalt, stainless steel, nickel, nickel alloy, etc. The company was formerly known as Nakase Kogyo Co., Ltd. and changed its name to Nihon Seiko Co., Ltd. in 1936. Nihon Seiko Co., Ltd. was founded in 1935 and is headquartered in Tokyo, Japan.

Details
Name: Nihon Seiko Co., Ltd.
5729
Exchange: TSE
Founded: 1935
¥4,393,204,200
2,440,669
Website: http://www.nihonseiko.co.jp
Address: Nihon Seiko Co., Ltd.
3-2 Shimomiyabi-cho,
Shinjuku-ku,
Tokyo,
162-0822,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 5729 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
230
Nihon Seiko employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 22:00
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2020/02/07
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


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

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