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Members

TSE:2130
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2130
TSE
¥30B
Market Cap
  1. Home
  2. JP
  3. Media
Company description

Members Co., Ltd. provides digital marketing operation support services in Japan. The last earnings update was 30 days ago. More info.


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  • Members has significant price volatility in the past 3 months.
2130 Share Price and Events
7 Day Returns
-1.7%
TSE:2130
-0%
JP Media
-0.4%
JP Market
1 Year Returns
134.7%
TSE:2130
-14.4%
JP Media
4.3%
JP Market
2130 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Members (2130) -1.7% -0.8% 28.7% 134.7% 408% -
JP Media -0% 4.5% 5.4% -14.4% -1.6% 5.1%
JP Market -0.4% 2.4% 10.8% 4.3% 16.2% 24.8%
1 Year Return vs Industry and Market
  • 2130 outperformed the Media industry which returned -14.4% over the past year.
  • 2130 outperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
2130
Industry
5yr Volatility vs Market

Value

 Is Members 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 Members 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 Members.

TSE:2130 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.3%
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:2130
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 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.767 (1 + (1- 30.86%) (1.47%))
0.849
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.849 * 6.33%)
5.28%

Discounted Cash Flow Calculation for TSE:2130 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Members 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:2130 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.28%)
2020 794.15 Est @ 0.35% 754.29
2021 795.88 Est @ 0.22% 718.00
2022 796.88 Est @ 0.13% 682.82
2023 797.37 Est @ 0.06% 648.94
2024 797.49 Est @ 0.02% 616.47
2025 797.37 Est @ -0.02% 585.44
2026 797.06 Est @ -0.04% 555.84
2027 796.63 Est @ -0.05% 527.66
2028 796.12 Est @ -0.06% 500.85
2029 795.54 Est @ -0.07% 475.37
Present value of next 10 years cash flows ¥6,065.00
TSE:2130 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥795.54 × (1 + -0.09%) ÷ (5.28% – -0.09%)
¥14,789.76
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥14,789.76 ÷ (1 + 5.28%)10
¥8,837.51
TSE:2130 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥6,065.00 + ¥8,837.51
¥14,902.51
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥14,902.51 / 12.83
¥1161.93
TSE:2130 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,161.93
Current discount Discount to share price of ¥2,375.00
= -1 x (¥2,375.00 - ¥1,161.93) / ¥1,161.93
-104.4%

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

  • The current share price of Members is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Members's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Members's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:2130 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥54.10
TSE:2130 Share Price ** TSE (2019-12-04) in JPY ¥2375
Japan Media Industry PE Ratio Median Figure of 78 Publicly-Listed Media Companies 20.19x
Japan Market PE Ratio Median Figure of 3,068 Publicly-Listed Companies 15.45x

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

** Primary Listing of Members.

TSE:2130 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:2130 Share Price ÷ EPS (both in JPY)

= 2375 ÷ 54.10

43.9x

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

  • Members is overvalued based on earnings compared to the JP Media industry average.
  • Members is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Members's expected growth come at a high price?
Raw Data
TSE:2130 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 43.9x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
23.6%per year
Japan Media Industry PEG Ratio Median Figure of 32 Publicly-Listed Media Companies 1.72x
Japan Market PEG Ratio Median Figure of 1,368 Publicly-Listed Companies 1.88x

*Line of best fit is calculated by linear regression .

TSE:2130 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 43.9x ÷ 23.6%

1.86x

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

  • Members is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Members's assets?
Raw Data
TSE:2130 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥272.08
TSE:2130 Share Price * TSE (2019-12-04) in JPY ¥2375
Japan Media Industry PB Ratio Median Figure of 93 Publicly-Listed Media Companies 1.79x
Japan Market PB Ratio Median Figure of 3,527 Publicly-Listed Companies 1.12x
TSE:2130 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:2130 Share Price ÷ Book Value per Share (both in JPY)

= 2375 ÷ 272.08

8.73x

* Primary Listing of Members.

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

  • Members is overvalued based on assets compared to the JP Media industry average.
X
Value checks
We assess Members'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. Members has a total score of 0/6, see the detailed checks below.

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

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

Future Performance

 How is Members expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
23.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Members expected to grow at an attractive rate?
  • Members's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Members's earnings growth is expected to exceed the Japan market average.
  • Members's revenue growth is expected to exceed the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:2130 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:2130 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 23.6%
TSE:2130 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 18.2%
Japan Media Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
Japan Media Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.4%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*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:2130 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:2130 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 15,550 1,280 1
2021-03-31 13,600 1,100 1
2020-03-31 11,200 860 1
2019-12-05
TSE:2130 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 9,826 875 692
2019-06-30 9,289 810 621
2019-03-31 8,857 1,036 619
2018-12-31 8,322 743 563
2018-09-30 7,901 854 468
2018-06-30 7,679 869 458
2018-03-31 7,403 834 441
2017-12-31 7,643 432
2017-09-30 7,771 568 394
2017-06-30 7,970 386
2017-03-31 8,088 347 414
2016-12-31 7,662 328

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Members's earnings are expected to grow significantly at over 20% yearly.
  • Members's revenue is expected to grow by 18.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:2130 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

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

TSE:2130 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 99.80 99.80 99.80 1.00
2021-03-31 85.80 85.80 85.80 1.00
2020-03-31 67.10 67.10 67.10 1.00
2019-12-05
TSE:2130 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 54.10
2019-06-30 48.65
2019-03-31 48.81
2018-12-31 44.78
2018-09-30 37.57
2018-06-30 37.11
2018-03-31 35.97
2017-12-31 35.37
2017-09-30 32.40
2017-06-30 31.94
2017-03-31 34.40
2016-12-31 27.38

*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 Members will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Members'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.
Members has a total score of 4/6, 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 Members 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 Members'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.
  • Members has delivered over 20% year on year earnings growth in the past 5 years.
  • Members's 1-year earnings growth exceeds its 5-year average (47.9% vs 27.2%)
  • Members's earnings growth has exceeded the JP Media industry average in the past year (47.9% vs -9.1%).
Earnings and Revenue History
Members'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 Members Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:2130 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 9,826.00 692.00 2,108.00
2019-06-30 9,289.00 621.00 2,012.00
2019-03-31 8,857.00 619.00 1,875.00
2018-12-31 8,322.00 563.00 1,840.00
2018-09-30 7,901.00 468.00 1,748.00
2018-06-30 7,679.00 458.00 1,630.00
2018-03-31 7,403.00 441.00 1,507.00
2017-12-31 7,643.00 432.00 1,495.00
2017-09-30 7,771.00 394.00 1,424.00
2017-06-30 7,970.00 386.00 1,357.00
2017-03-31 8,088.00 414.00 1,259.00
2016-12-31 7,662.00 328.00 1,161.00
2016-09-30 7,360.00 323.00 1,092.00
2016-06-30 6,888.00 264.00 1,045.00
2016-03-31 6,469.00 290.00 965.00
2015-12-31 6,288.00 282.00 940.00
2015-09-30 6,018.00 238.00 913.00
2015-06-30 5,860.00 164.00 896.00
2015-03-31 6,325.00 184.00 914.00
2014-12-31 6,289.00 147.00 919.00
2014-09-30 6,306.00 143.00 937.00
2014-06-30 6,239.00 167.00 949.00
2014-03-31 5,793.00 145.00 921.00
2013-12-31 5,376.00 124.00 941.00
2013-09-30 5,143.00 115.00 955.00
2013-06-30 4,973.00 104.00 958.00
2013-03-31 4,818.00 97.00 963.00
2012-12-31 4,733.00 174.00 933.00

*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.
  • Members has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Members used its assets more efficiently than the JP Media industry average last year based on Return on Assets.
  • Members has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Members'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.
Members has a total score of 6/6, 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 Members'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 Members's finances.

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

TSE:2130 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,547.00 0.00 2,390.00
2019-06-30 3,282.00 0.00 2,330.00
2019-03-31 3,445.00 0.00 2,595.00
2018-12-31 3,211.00 0.00 2,153.00
2018-09-30 3,086.00 0.00 1,981.00
2018-06-30 2,879.00 0.00 1,955.00
2018-03-31 2,951.00 0.00 1,941.00
2017-12-31 2,708.00 0.00 1,746.00
2017-09-30 2,579.00 0.00 1,517.00
2017-06-30 2,355.00 7.00 1,453.00
2017-03-31 2,414.00 0.00 1,613.00
2016-12-31 2,189.00 0.00 1,408.00
2016-09-30 2,099.00 0.00 1,289.00
2016-06-30 1,939.00 0.00 1,284.00
2016-03-31 2,019.00 0.00 1,366.00
2015-12-31 1,891.00 0.00 1,115.00
2015-09-30 1,816.00 0.00 1,097.00
2015-06-30 1,705.00 0.00 1,111.00
2015-03-31 1,729.00 0.00 1,204.00
2014-12-31 1,615.00 0.00 1,092.00
2014-09-30 1,586.00 0.00 983.00
2014-06-30 1,552.00 0.00 1,000.00
2014-03-31 1,549.00 2.00 992.00
2013-12-31 1,469.00 6.00 926.00
2013-09-30 1,443.00 10.00 852.00
2013-06-30 1,392.00 14.00 1,038.00
2013-03-31 1,401.00 18.00 1,090.00
2012-12-31 1,342.00 22.00 981.00
  • Members has no debt.
  • Members currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • Members has no debt, it does not need to be covered by operating cash flow.
  • Members has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Members'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. Members 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 Members's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.59%
Current annual income from Members dividends. Estimated to be 0.79% next year.
If you bought ¥2,000 of Members shares you are expected to receive ¥12 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?
  • Members's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • Members's dividend is below the markets top 25% of dividend payers in Japan (2.99%).
Upcoming dividend payment

Purchase Members before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:2130 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 1 Analyst Estimates (S&P Global) See Below
Japan Media Industry Average Dividend Yield Market Cap Weighted Average of 64 Stocks 2%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2972 Stocks 2.3%
Japan Minimum Threshold Dividend Yield 10th Percentile 0.8%
Japan Bottom 25% Dividend Yield 25th Percentile 1.3%
Japan Top 25% Dividend Yield 75th Percentile 3%

Industry and Market average data is calculated daily.

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

TSE:2130 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 22.50 1.00
2021-03-31 18.50 1.00
2020-03-31 15.00 1.00
2019-12-05
TSE:2130 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-21 14.000 0.718
2019-05-10 14.000 0.752
2018-06-25 11.500 0.884
2018-05-10 11.500 0.935
2017-06-23 9.500 1.233
2017-05-11 9.500 1.272
2017-02-03 7.500 1.245
2016-10-31 7.500 1.433
2016-06-22 4.500 1.549
2016-06-07 4.500 1.575

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

  • Members is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • Members is not paying a notable dividend for Japan, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Members's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Members's dividends as it is not paying a notable one for Japan.
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 Members's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Members afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Members has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Members'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
Tadashi Kemmotsu
AGE 54
TENURE AS CEO 24.5 years
CEO Bio

Mr. Tadashi Kemmotsu has been the Chief Executive Officer and President of Members Co., Ltd. since June 1995. Mr. Kemmotsu joined Nihon Godo Finance (now Jafco Co., Ltd.) in April 1990. He joined Hikari Tsushin, Inc. in January 1995. He served as the President of ConnectStar Co., Ltd. since April 2011. He has been a Director of Members Career Co., Ltd. since may 2014. He has been a Representative Director of Members Co., Ltd. since June 1995. He served as a Director of Ergo Brains, Inc. since March 2005. He served as a Representative Director of ConnectStar Co., Ltd. since April 2011. He served as a Director of Engagement First Co., Ltd. since October 2012. He served as a Director of MOVAAA Inc since April 2014.

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

Tadashi Kemmotsu

TITLE
Chief Executive Officer
AGE
54
TENURE
24.5 yrs

Masahito Komine

TITLE
Chief of Finance & Accounting Office & Corporate Service Div
AGE
55

Yasuhito Shimazu

TITLE
Executive Officer

Joji Asami

TITLE
Executive Officer

Akihiko Takano

TITLE
Executive Officer

Yutaka Hara

TITLE
Executive Officer
Board of Directors Tenure

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

12.3
Average Tenure
58
Average Age
  • The average tenure for the Members board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tadashi Kemmotsu

TITLE
Chief Executive Officer
AGE
54
TENURE
24.5 yrs

Masahito Komine

TITLE
Chief of Finance & Accounting Office & Corporate Service Div
AGE
55
TENURE
17.3 yrs

Nobutaka Yoshii

TITLE
External Director
AGE
65
TENURE
12.3 yrs

Masaaki Kanai

TITLE
Audit, Supervisory Committee Member & Outside Director
AGE
62
TENURE
0.5 yrs

Hiroshi Tsuchiya

TITLE
External Auditor
AGE
73
TENURE
12.3 yrs

Takuma Tsuyuki

TITLE
External Auditor
AGE
58
TENURE
16.3 yrs

Kiyoshi Amakasu

TITLE
External Full-Time Auditor
AGE
54
TENURE
9.5 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 Members'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. Members 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

Members Co., Ltd. provides digital marketing operation support services in Japan. The company offers various services, including Website operation/management, Internet advertisement/promotion, user experiences (UX) design, research/consulting, Website construction/renewal, social media use support, marketing tools, and global/inbound Web marketing services. It also provides support planning and execution of engagement marketing strategies; support development of open community strategies for promoting engagement marketing; and planning and producing events to promote engagement marketing. In addition, the company offers video, content, and digital marketing support services; Web creator dispatch services; Web media management services; marketing research system operation services; system development services; staffing business in data science field; and permanent employee support services with UX design skills. Further, it engages in freelance and disabled employment support projects. Members Co., Ltd. was founded in 1995 and is headquartered in Tokyo, Japan.

Details
Name: Members Co., Ltd.
2130
Exchange: TSE
Founded: 1995
¥30,460,928,250
12,825,654
Website: http://www.members.co.jp
Address: Members Co., Ltd.
Harumi Island Triton Square Office Tower X,
37th floor,
Tokyo,
104-6037,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 2130 Common Shares The Tokyo Stock Exchange JP JPY 02. Nov 2006
Number of employees
Current staff
Staff numbers
1,224
Members employees.
Industry
Advertising
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 15:53
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/11/12
Last earnings filing: 2019/11/05
Last earnings reported: 2019/09/30
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.