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Arbeit-Times

JASDAQ:2341
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2341
JASDAQ
¥3B
Market Cap
  1. Home
  2. JP
  3. Media
Company description

Arbeit-Times Co., Ltd. edits and publishes free work magazines under the Domo name in Japan. The last earnings update was 79 days ago. More info.


Add to Portfolio Compare Print
  • Arbeit-Times has significant price volatility in the past 3 months.
2341 Share Price and Events
7 Day Returns
5.7%
JASDAQ:2341
17.4%
JP Media
13.5%
JP Market
1 Year Returns
-33%
JASDAQ:2341
-30%
JP Media
-8.2%
JP Market
2341 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Arbeit-Times (2341) 5.7% -20.2% -33.7% -33% -40.6% -53.7%
JP Media 17.4% -12.7% -25.3% -30% -31% -29.2%
JP Market 13.5% -7.4% -15.9% -8.2% -3.2% -3.9%
1 Year Return vs Industry and Market
  • 2341 underperformed the Media industry which returned -30% over the past year.
  • 2341 underperformed the Market in Japan which returned -8.2% over the past year.
Price Volatility
2341
Industry
5yr Volatility vs Market

Value

 Is Arbeit-Times 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 Arbeit-Times 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 Arbeit-Times.

JASDAQ:2341 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 JASDAQ:2341
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Media Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.642 (1 + (1- 30.86%) (0%))
0.76
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 JASDAQ:2341 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Arbeit-Times 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.

JASDAQ:2341 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 4.97%)
2020 228.71 Est @ 2.3% 217.88
2021 232.33 Est @ 1.58% 210.83
2022 234.84 Est @ 1.08% 203.01
2023 236.55 Est @ 0.73% 194.80
2024 237.69 Est @ 0.48% 186.47
2025 238.43 Est @ 0.31% 178.19
2026 238.89 Est @ 0.19% 170.07
2027 239.14 Est @ 0.11% 162.18
2028 239.25 Est @ 0.05% 154.57
2029 239.27 Est @ 0.01% 147.25
Present value of next 10 years cash flows ¥1,825.00
JASDAQ:2341 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥239.27 × (1 + -0.09%) ÷ (4.97% – -0.09%)
¥4,720.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥4,720.66 ÷ (1 + 4.97%)10
¥2,905.26
JASDAQ:2341 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥1,825.00 + ¥2,905.26
¥4,730.26
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥4,730.26 / 26.39
¥179.22
JASDAQ:2341 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥179.22
Current discount Discount to share price of ¥130.00
= -1 x (¥130.00 - ¥179.22) / ¥179.22
27.5%

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

Current Discount
Amount off the current price Arbeit-Times is available for.
Intrinsic value
27%
Share price is ¥130 vs Future cash flow value of ¥179.22
Current Discount Checks
For Arbeit-Times to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Arbeit-Times's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Arbeit-Times's share price is below the future cash flow value, but not 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 Arbeit-Times's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Arbeit-Times's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
JASDAQ:2341 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-11-30) in JPY ¥6.55
JASDAQ:2341 Share Price ** JASDAQ (2020-03-27) in JPY ¥130
Japan Media Industry PE Ratio Median Figure of 74 Publicly-Listed Media Companies 12.72x
Japan Market PE Ratio Median Figure of 3,070 Publicly-Listed Companies 12.77x

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

** Primary Listing of Arbeit-Times.

JASDAQ:2341 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JASDAQ:2341 Share Price ÷ EPS (both in JPY)

= 130 ÷ 6.55

19.83x

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

  • Arbeit-Times is overvalued based on earnings compared to the JP Media industry average.
  • Arbeit-Times is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Arbeit-Times's expected growth come at a high price?
Raw Data
JASDAQ:2341 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Media Industry PEG Ratio Median Figure of 28 Publicly-Listed Media Companies 1.62x
Japan Market PEG Ratio Median Figure of 1,285 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Arbeit-Times, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Arbeit-Times's assets?
Raw Data
JASDAQ:2341 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-11-30) in JPY ¥188.23
JASDAQ:2341 Share Price * JASDAQ (2020-03-27) in JPY ¥130
Japan Media Industry PB Ratio Median Figure of 92 Publicly-Listed Media Companies 1.16x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.89x
JASDAQ:2341 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JASDAQ:2341 Share Price ÷ Book Value per Share (both in JPY)

= 130 ÷ 188.23

0.69x

* Primary Listing of Arbeit-Times.

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

  • Arbeit-Times is good value based on assets compared to the JP Media industry average.
X
Value checks
We assess Arbeit-Times'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 Media 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 Media industry average (and greater than 0)? (1 check)
  5. Arbeit-Times 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.

Future Performance

 How is Arbeit-Times 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 Arbeit-Times 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
13.8%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Arbeit-Times expected to grow at an attractive rate?
  • Unable to compare Arbeit-Times's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Arbeit-Times's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Arbeit-Times's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
JASDAQ:2341 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Media Industry Earnings Growth Rate Market Cap Weighted Average 13.8%
Japan Media Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
JASDAQ:2341 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.
JASDAQ:2341 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
JASDAQ:2341 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-11-30 4,779 173
2019-08-31 5,060 259 248
2019-05-31 5,272 281
2019-02-28 5,469 602 366
2018-11-30 5,498 381
2018-08-31 5,544 523 377
2018-05-31 5,587 388
2018-02-28 5,556 528 377
2017-11-30 5,577 414
2017-08-31 5,576 573 430
2017-05-31 5,498 419
2017-02-28 5,427 665 469

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Arbeit-Times is high growth as no earnings estimate data is available.
  • Unable to determine if Arbeit-Times is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
JASDAQ:2341 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 Arbeit-Times Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

JASDAQ:2341 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
JASDAQ:2341 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-11-30 6.55
2019-08-31 9.40
2019-05-31 10.65
2019-02-28 13.87
2018-11-30 14.44
2018-08-31 14.28
2018-05-31 14.70
2018-02-28 14.21
2017-11-30 15.50
2017-08-31 15.99
2017-05-31 15.48
2017-02-28 17.22

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

Next steps:

  1. Examine Arbeit-Times'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. Arbeit-Times'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 Media 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 Arbeit-Times'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.
Arbeit-Times has a total score of 0/6, see the detailed checks below.

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

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

Past Performance

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

JASDAQ:2341 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-11-30 4,779.00 173.00 2,982.00
2019-08-31 5,060.00 248.00 3,104.00
2019-05-31 5,272.00 281.00 3,213.00
2019-02-28 5,469.00 366.00 3,236.00
2018-11-30 5,498.00 381.00 3,244.00
2018-08-31 5,544.00 377.00 3,260.00
2018-05-31 5,587.00 388.00 3,276.00
2018-02-28 5,556.00 377.00 3,293.00
2017-11-30 5,577.00 414.00 3,266.00
2017-08-31 5,576.00 430.00 3,280.00
2017-05-31 5,498.00 419.00 3,249.00
2017-02-28 5,427.00 469.00 3,165.00
2016-11-30 5,366.00 515.00 3,029.00
2016-08-31 5,330.00 651.00 2,873.00
2016-05-31 5,317.00 766.00 2,765.00
2016-02-29 5,243.00 758.00 2,677.00
2015-11-30 5,188.00 862.00 2,660.00
2015-08-31 5,100.00 780.00 2,672.00
2015-05-31 4,939.00 775.00 2,608.00
2015-02-28 4,842.00 856.00 2,504.00
2014-11-30 4,741.00 757.00 2,556.00
2014-08-31 4,602.00 858.00 2,397.00
2014-05-31 4,517.00 856.00 2,333.00
2014-02-28 4,406.00 831.00 2,291.00
2013-11-30 4,326.00 745.00 2,279.00
2013-08-31 4,271.00 738.00 2,276.00
2013-05-31 4,249.00 733.00 2,234.00

*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.
  • Arbeit-Times has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Arbeit-Times used its assets less efficiently than the JP Media industry average last year based on Return on Assets.
  • Arbeit-Times's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Arbeit-Times'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 Media 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.
Arbeit-Times has a total score of 0/6, see the detailed checks below.

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

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

Health

 How is Arbeit-Times'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 Arbeit-Times's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Arbeit-Times is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Arbeit-Times has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Arbeit-Times'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.
  • Low level of unsold assets.
  • Arbeit-Times has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Arbeit-Times Company Filings, last reported 3 months ago.

JASDAQ:2341 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-11-30 4,968.00 0.00 4,052.00
2019-08-31 4,914.00 0.00 4,135.00
2019-05-31 4,869.00 0.00 4,122.00
2019-02-28 5,019.00 0.00 4,371.00
2018-11-30 4,980.00 0.00 4,167.00
2018-08-31 4,851.00 0.00 4,136.00
2018-05-31 4,778.00 0.00 4,005.00
2018-02-28 4,843.00 0.00 4,009.00
2017-11-30 4,790.00 0.00 3,849.00
2017-08-31 4,666.00 0.00 3,823.00
2017-05-31 4,604.00 0.00 3,669.00
2017-02-28 4,812.00 0.00 3,849.00
2016-11-30 4,721.00 0.00 3,669.00
2016-08-31 4,580.00 0.00 3,632.00
2016-05-31 4,549.00 0.00 3,477.00
2016-02-29 4,756.00 0.00 3,687.00
2015-11-30 4,625.00 0.00 3,360.00
2015-08-31 4,349.00 0.00 3,217.00
2015-05-31 4,217.00 0.00 3,016.00
2015-02-28 4,465.00 0.00 3,266.00
2014-11-30 4,227.00 0.00 2,969.00
2014-08-31 4,031.00 0.00 2,887.00
2014-05-31 3,869.00 0.00 2,675.00
2014-02-28 4,019.00 0.00 2,968.00
2013-11-30 3,875.00 0.00 2,665.00
2013-08-31 3,579.00 0.00 2,424.00
2013-05-31 3,412.00 0.00 2,248.00
  • Arbeit-Times has no debt.
  • Arbeit-Times has not taken on any debt in the past 5 years.
  • Arbeit-Times has no debt, it does not need to be covered by operating cash flow.
  • Arbeit-Times has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Arbeit-Times'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. Arbeit-Times has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Arbeit-Times'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
5.38%
Current annual income from Arbeit-Times dividends.
If you bought ¥2,000 of Arbeit-Times shares you are expected to receive ¥108 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?
  • Arbeit-Times's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.65%).
  • Arbeit-Times's dividend is above the markets top 25% of dividend payers in Japan (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
JASDAQ:2341 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 Media Industry Average Dividend Yield Market Cap Weighted Average of 67 Stocks 2.6%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2985 Stocks 2.7%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.9%
Japan Bottom 25% Dividend Yield 25th Percentile 1.6%
Japan Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

JASDAQ:2341 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
JASDAQ:2341 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-29 7.000 3.838
2019-04-11 7.000 3.676
2018-05-25 7.000 3.329
2018-04-10 7.000 3.211
2017-05-26 7.000 2.952
2017-04-11 7.000 3.051
2017-01-12 7.000 3.150
2016-10-11 7.000 3.332
2016-07-12 7.000 3.487
2016-05-27 9.000 4.115
2016-04-12 7.000 3.006
2015-05-27 9.000 3.484
2015-04-14 9.000 2.939
2015-01-08 9.000 3.182
2014-05-28 9.000 3.237
2014-04-08 9.000 3.627
2013-05-29 7.000 3.111
2013-04-09 7.000 2.545
2012-10-10 5.000 2.469
2012-07-10 5.000 3.203
2012-05-30 5.000 4.390
2012-04-10 5.000 4.145
2012-01-11 3.000 3.227
2011-10-12 2.000 2.583
2011-07-12 2.000 2.983
2011-05-26 2.000 2.904
2011-04-12 2.000 2.777
2010-01-14 0.000 0.000
2010-01-13 0.000 0.000
2009-10-15 0.000 0.000
2009-10-14 0.000 0.000
2009-07-14 0.000 0.000
2009-06-25 0.000 0.000
2009-05-28 0.000 0.000

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

  • Arbeit-Times has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Arbeit-Times only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Arbeit-Times's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.9x 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 Arbeit-Times's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Arbeit-Times afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Arbeit-Times has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Arbeit-Times'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
Yoshihiro Hotta
AGE 54
TENURE AS CEO 0 years
CEO Bio

Mr. Yoshihiro Hotta has been President of Arbeit-Times Co., Ltd. since March 2020. Mr. Hotta has been the President of Link Inc., since May 2004. Mr. Hotta joined Arbeit-Times Co. Ltd., in April 1990 and served as its Manager of Tokyo Regional Office since July 2000; General Manager of Tokyo since March 2002; General Manager of Tokyo and General Manager of Shizuoka since June 2002 and General Manager of Sales since March 2003. He has been a Director at Arbeit-Times Co., Ltd. since May 2001. He has been a Representative Director of Link Inc., since May 2004.

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

Yoshihiro Hotta

TITLE
CEO, President & Director
AGE
54
Board of Directors Tenure

Average tenure and age of the Arbeit-Times board of directors in years:

15.8
Average Tenure
56
Average Age
  • The average tenure for the Arbeit-Times board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Yasuharu Kakiuchi

TITLE
Director
AGE
56
TENURE
15.8 yrs

Yoshihiro Hotta

TITLE
CEO, President & Director
AGE
54
TENURE
18.8 yrs

Kazuhiro Takeuchi

TITLE
Director
AGE
55
TENURE
7.8 yrs

Yoshimitsu Oura

TITLE
External Director
AGE
65

Yuji Sugimoto

TITLE
Full-Time Standing Corporate Auditor
AGE
57
TENURE
10.8 yrs

Yoshikazu Shimizu

TITLE
External Auditor
AGE
56
TENURE
15.8 yrs

Akira Shibata

TITLE
External Auditor
AGE
46
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 Arbeit-Times'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. Arbeit-Times has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


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

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

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

News

Simply Wall St News

Company Info

Description

Arbeit-Times Co., Ltd. edits and publishes free work magazines under the Domo name in Japan. The company also operates job sites, including domonet.jp and job.atimes.co.jp. In addition, it is involved in in-store and target media, ad agency, and paid employment introduction activities; the planning and management of new graduate job site; and the provision of consulting in the management of recruitment information Website. Arbeit-Times Co., Ltd. was founded in 1973 and is headquartered in Tokyo, Japan.

Details
Name: Arbeit-Times Co., Ltd.
2341
Exchange: JASDAQ
Founded: 1973
¥3,431,114,700
26,393,190
Website: http://www.atimes.co.jp
Address: Arbeit-Times Co., Ltd.
Kanda Business Cube,
7th and 8th Floors,
Tokyo,
101-0043,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JASDAQ 2341 Common Shares TSE JASDAQ JP JPY 04. Dec 2002
Number of employees
Current staff
Staff numbers
202
Arbeit-Times employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 15:08
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2019/04/11
Last earnings filing: 2020/01/10
Last earnings reported: 2019/11/30
Last annual earnings reported: 2019/02/28


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.