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TV TOKYO Holdings

TSE:9413
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9413
TSE
¥66B
Market Cap
  1. Home
  2. JP
  3. Media
Company description

TV TOKYO Holdings Corporation operates as a broadcasting holding company in Japan. The last earnings update was 30 days ago. More info.


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9413 Share Price and Events
7 Day Returns
2%
TSE:9413
-0%
JP Media
-0.4%
JP Market
1 Year Returns
-12.1%
TSE:9413
-14.4%
JP Media
4.3%
JP Market
9413 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TV TOKYO Holdings (9413) 2% 1% 10.5% -12.1% 0.8% -7.7%
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
  • 9413 outperformed the Media industry which returned -14.4% over the past year.
  • 9413 underperformed the Market in Japan which returned 4.3% over the past year.
Price Volatility
9413
Industry
5yr Volatility vs Market

9413 Value

 Is TV TOKYO Holdings 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 TV TOKYO Holdings 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 TV TOKYO Holdings.

TSE:9413 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
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:9413
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%) (7.72%))
0.871
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.871 * 6.33%)
5.42%

Discounted Cash Flow Calculation for TSE:9413 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TV TOKYO Holdings 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:9413 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.42%)
2020 4,798.00 Analyst x1 4,551.12
2021 3,830.00 Analyst x1 3,446.00
2022 3,275.18 Est @ -14.49% 2,795.18
2023 2,942.19 Est @ -10.17% 2,381.79
2024 2,732.00 Est @ -7.14% 2,097.84
2025 2,594.64 Est @ -5.03% 1,889.84
2026 2,502.62 Est @ -3.55% 1,729.03
2027 2,439.81 Est @ -2.51% 1,598.90
2028 2,396.29 Est @ -1.78% 1,489.58
2029 2,365.73 Est @ -1.28% 1,394.91
Present value of next 10 years cash flows ¥23,374.00
TSE:9413 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,365.73 × (1 + -0.09%) ÷ (5.42% – -0.09%)
¥42,861.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥42,861.12 ÷ (1 + 5.42%)10
¥25,272.36
TSE:9413 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥23,374.00 + ¥25,272.36
¥48,646.36
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥48,646.36 / 28.28
¥1720.28
TSE:9413 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,720.28
Current discount Discount to share price of ¥2,337.00
= -1 x (¥2,337.00 - ¥1,720.28) / ¥1,720.28
-35.9%

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

  • The current share price of TV TOKYO Holdings 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 TV TOKYO Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TV TOKYO Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9413 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in JPY ¥86.46
TSE:9413 Share Price ** TSE (2019-12-04) in JPY ¥2337
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 TV TOKYO Holdings.

TSE:9413 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9413 Share Price ÷ EPS (both in JPY)

= 2337 ÷ 86.46

27.03x

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

  • TV TOKYO Holdings is overvalued based on earnings compared to the JP Media industry average.
  • TV TOKYO Holdings is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does TV TOKYO Holdings's expected growth come at a high price?
Raw Data
TSE:9413 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
30.4%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:9413 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.03x ÷ 30.4%

0.89x

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

  • TV TOKYO Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on TV TOKYO Holdings's assets?
Raw Data
TSE:9413 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in JPY ¥2,903.77
TSE:9413 Share Price * TSE (2019-12-04) in JPY ¥2337
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:9413 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9413 Share Price ÷ Book Value per Share (both in JPY)

= 2337 ÷ 2,903.77

0.8x

* Primary Listing of TV TOKYO Holdings.

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

  • TV TOKYO Holdings is good value based on assets compared to the JP Media industry average.
X
Value checks
We assess TV TOKYO Holdings'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. TV TOKYO Holdings 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.

9413 Future Performance

 How is TV TOKYO Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TV TOKYO Holdings expected to grow at an attractive rate?
  • TV TOKYO Holdings's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • TV TOKYO Holdings's earnings growth is expected to exceed the Japan market average.
  • TV TOKYO Holdings's revenue growth is positive but not above the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:9413 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:9413 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 30.4%
TSE:9413 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.8%
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:9413 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9413 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 157,550 5,300 2
2021-03-31 154,533 7,030 4,500 3
2020-03-31 146,400 7,998 3,010 1
2019-12-05
TSE:9413 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-09-30 148,748 8,762 2,445
2019-06-30 148,893 2,597
2019-03-31 149,229 8,946 3,234
2018-12-31 149,915 4,546
2018-09-30 149,068 5,481 4,805
2018-06-30 147,409 5,373
2018-03-31 147,103 9,665 6,058
2017-12-31 143,595 4,739
2017-09-30 142,778 9,766 4,592
2017-06-30 143,539 3,736
2017-03-31 142,679 7,246 4,286
2016-12-31 142,453 4,144

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TV TOKYO Holdings's earnings are expected to grow significantly at over 20% yearly.
  • TV TOKYO Holdings's revenue is expected to grow by 2.8% 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:9413 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

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

TSE:9413 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 158.15 191.00 99.55 3.00
2021-03-31 144.84 183.90 101.92 4.00
2020-03-31 107.59 108.74 106.44 2.00
2019-12-05
TSE:9413 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-09-30 86.46
2019-06-30 91.84
2019-03-31 114.36
2018-12-31 160.76
2018-09-30 169.92
2018-06-30 190.01
2018-03-31 214.23
2017-12-31 167.59
2017-09-30 162.39
2017-06-30 132.12
2017-03-31 151.57
2016-12-31 146.55

*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 TV TOKYO Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TV TOKYO Holdings'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.
TV TOKYO Holdings has a total score of 3/6, 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.

9413 Past Performance

  How has TV TOKYO Holdings 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 TV TOKYO Holdings'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.
  • TV TOKYO Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • TV TOKYO Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • TV TOKYO Holdings's 1-year earnings growth is negative, it can't be compared to the JP Media industry average.
Earnings and Revenue History
TV TOKYO Holdings'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 TV TOKYO Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9413 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 148,748.00 2,445.00 35,274.00
2019-06-30 148,893.00 2,597.00 35,565.00
2019-03-31 149,229.00 3,234.00 35,770.00
2018-12-31 149,915.00 4,546.00 36,060.00
2018-09-30 149,068.00 4,805.00 35,482.00
2018-06-30 147,409.00 5,373.00 35,198.00
2018-03-31 147,103.00 6,058.00 35,263.00
2017-12-31 143,595.00 4,739.00 34,643.00
2017-09-30 142,778.00 4,592.00 35,118.00
2017-06-30 143,539.00 3,736.00 36,122.00
2017-03-31 142,679.00 4,286.00 36,352.00
2016-12-31 142,453.00 4,144.00 36,847.00
2016-09-30 140,451.00 4,328.00 36,262.00
2016-06-30 137,524.00 5,340.00 34,996.00
2016-03-31 136,216.00 4,706.00 34,361.00
2015-12-31 133,139.00 4,309.00 33,593.00
2015-09-30 131,327.00 4,000.00 33,257.00
2015-06-30 129,415.00 3,530.00 32,836.00
2015-03-31 128,667.00 3,089.00 32,951.00
2014-12-31 126,963.00 3,105.00 32,669.00
2014-09-30 125,588.00 3,662.00 32,250.00
2014-06-30 123,546.00 3,425.00 31,860.00
2014-03-31 120,696.00 2,797.00 31,000.00
2013-12-31 120,304.00 953.00 30,491.00
2013-09-30 117,825.00 -734.00 30,043.00
2013-06-30 117,606.00 -1,242.00 29,719.00
2013-03-31 115,379.00 -340.00 29,509.00
2012-12-31 114,677.00 1,668.00 29,236.00

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

9413 Health

 How is TV TOKYO Holdings'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 TV TOKYO Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TV TOKYO Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TV TOKYO Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TV TOKYO Holdings'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 13.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from TV TOKYO Holdings Company Filings, last reported 2 months ago.

TSE:9413 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 84,845.00 5,100.00 25,565.00
2019-06-30 84,673.00 5,100.00 26,328.00
2019-03-31 85,724.00 5,100.00 29,485.00
2018-12-31 84,952.00 5,100.00 25,129.00
2018-09-30 84,924.00 5,100.00 24,055.00
2018-06-30 84,339.00 5,100.00 26,544.00
2018-03-31 83,927.00 5,100.00 26,377.00
2017-12-31 82,060.00 5,100.00 22,223.00
2017-09-30 80,525.00 5,100.00 21,903.00
2017-06-30 79,164.00 5,100.00 22,716.00
2017-03-31 78,442.00 5,100.00 22,290.00
2016-12-31 77,674.00 5,100.00 21,730.00
2016-09-30 75,563.00 100.00 18,193.00
2016-06-30 75,328.00 100.00 22,167.00
2016-03-31 74,425.00 100.00 27,143.00
2015-12-31 74,918.00 1,100.00 25,150.00
2015-09-30 72,947.00 1,100.00 25,416.00
2015-06-30 72,488.00 1,100.00 24,031.00
2015-03-31 71,259.00 1,100.00 25,950.00
2014-12-31 70,462.00 1,100.00 22,609.00
2014-09-30 68,597.00 1,100.00 22,277.00
2014-06-30 67,510.00 1,100.00 20,109.00
2014-03-31 67,231.00 1,100.00 21,285.00
2013-12-31 67,396.00 1,100.00 19,831.00
2013-09-30 63,111.00 1,100.00 18,219.00
2013-06-30 62,373.00 1,100.00 17,402.00
2013-03-31 62,216.00 1,100.00 19,473.00
2012-12-31 63,483.00 1,100.00 18,076.00
  • TV TOKYO Holdings's level of debt (5.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.4% vs 5.6% today).
  • Debt is well covered by operating cash flow (185.6%, greater than 20% of total debt).
  • TV TOKYO Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess TV TOKYO Holdings'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. TV TOKYO Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

9413 Dividends

 What is TV TOKYO Holdings'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
1.71%
Current annual income from TV TOKYO Holdings dividends. Estimated to be 1.81% next year.
If you bought ¥2,000 of TV TOKYO Holdings shares you are expected to receive ¥34 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?
  • TV TOKYO Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.34%).
  • TV TOKYO Holdings's dividend is below the markets top 25% of dividend payers in Japan (2.99%).
Upcoming dividend payment

Purchase TV TOKYO Holdings 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:9413 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Japan 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:9413 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 45.00 2.00
2021-03-31 41.67 3.00
2020-03-31 41.25 4.00
2019-12-05
TSE:9413 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-10-30 40.000 1.734
2019-06-26 40.000 1.793
2019-05-14 40.000 1.689
2018-11-01 40.000 1.642
2018-06-28 40.000 1.400
2018-05-11 40.000 1.265
2017-06-28 40.000 1.599
2017-05-12 40.000 1.753
2016-06-27 40.000 1.712
2016-05-13 40.000 1.901
2015-06-22 35.000 1.701
2015-05-13 35.000 1.750
2015-02-12 25.000 1.119
2015-02-05 25.000 1.084
2014-11-13 25.000 0.993
2014-11-06 25.000 1.137
2014-06-23 25.000 1.272
2014-05-14 25.000 1.679
2014-02-12 25.000 1.534
2014-02-06 25.000 1.549
2013-11-14 25.000 1.505
2013-11-08 25.000 1.450
2013-06-24 25.000 1.470
2013-05-15 25.000 1.865
2012-11-02 25.000 2.465
2012-08-01 25.000 2.766
2012-06-22 25.000 2.754
2012-05-16 25.000 2.726
2011-11-02 20.000 1.880
2011-08-03 20.000 1.881
2011-06-27 20.000 2.071
2011-05-12 20.000 2.064

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

  • Whilst dividend payments have been stable, TV TOKYO Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but TV TOKYO Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of TV TOKYO Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x 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 TV TOKYO Holdings'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 TV TOKYO Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TV TOKYO Holdings 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.

9413 Management

 What is the CEO of TV TOKYO Holdings'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
Shigeru Komago
AGE 68
TENURE AS CEO 2.4 years
CEO Bio

Mr. Shigeru Komago has been the Chief Executive Officer and President at TV TOKYO Holdings Corporation since July 26, 2017. Mr. Komago has been the President at BS Japan Co, Ltd. since June 2015 and has been its Director since June 2011. Mr. Komago serves as the CEO, President & Director of TV TOKYO Corp. He served as the Chairman of the Board at TV TOKYO Corp. and has been its Director since June 2011. Mr. Komago served as the CEO & President of TV TOKYO Corp. Mr. Komago served as Senior Managing Director of Nikkei Inc. since March 2012. Mr. Komago served as a Vice President of TV TOKYO Holdings Corporation since June 2015 until July 26, 2017. He served as Managing Director and Executive Officer at Nikkei, Inc since March 2010 and March 2007 respectively. He served as an Executive Vice President at TV TOKYO Holdings Corporation. He joined Nikkei, Inc in April 1976. He has been a Director of Nikkei, Inc. since March 2014 and TV TOKYO Holdings Corporation since June 2015.

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

Average tenure and age of the TV TOKYO Holdings management team in years:

2.4
Average Tenure
63.5
Average Age
  • The tenure for the TV TOKYO Holdings management team is about average.
Management Team

Shigeru Komago

TITLE
CEO, President & Director
AGE
68
TENURE
2.4 yrs

Yasushi Endou

TITLE
General Administration & Human Resources
TENURE
2.4 yrs

Yoshihiro Kamasu

TITLE
Assistant Corporate Strategy Manager
TENURE
1.5 yrs

Suzuko Miyata

TITLE
Senior MD
AGE
64
TENURE
2.4 yrs

Akihiko Tamura

TITLE
Senior MD
AGE
64
TENURE
1.5 yrs

Kazuhiko Hirose

TITLE
Senior MD
AGE
63
TENURE
5.5 yrs

Ichiro Ishikawa

TITLE
Senior Managing Director and Director
AGE
62

Yasutaka Takeda

TITLE
MD, Programming & Production Manager and Director
TENURE
2.4 yrs

Masao Kato

TITLE
CEO of TV TOKYO Broadband Entertainment Inc and President of TV TOKYO Broadband Entertainment Inc

Yasushi Inoue

TITLE
Managing Director
AGE
58
Board of Directors Tenure

Average tenure and age of the TV TOKYO Holdings board of directors in years:

3.5
Average Tenure
64
Average Age
  • The tenure for the TV TOKYO Holdings board of directors is about average.
Board of Directors

Yuichi Takahashi

TITLE
Chairman
AGE
68
TENURE
2.4 yrs

Shigeru Komago

TITLE
CEO, President & Director
AGE
68
TENURE
4.5 yrs

Yasushi Endou

TITLE
General Administration & Human Resources
TENURE
2.4 yrs

Yoshihiro Kamasu

TITLE
Assistant Corporate Strategy Manager
TENURE
1.5 yrs

Suzuko Miyata

TITLE
Senior MD
AGE
64
TENURE
7.5 yrs

Akihiko Tamura

TITLE
Senior MD
AGE
64

Kazuhiko Hirose

TITLE
Senior MD
AGE
63
TENURE
7.5 yrs

Ichiro Ishikawa

TITLE
Senior Managing Director and Director
AGE
62

Yasutaka Takeda

TITLE
MD, Programming & Production Manager and Director
TENURE
2.4 yrs

Yoji Ohashi

TITLE
External Director
AGE
79
TENURE
9.2 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 TV TOKYO Holdings'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. TV TOKYO Holdings 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.

9413 News

Simply Wall St News

9413 Company Info

Description

TV TOKYO Holdings Corporation operates as a broadcasting holding company in Japan. The company is involved in terrestrial broadcasting; the planning and production of musical compositions and programs, and animation programs; copyright management; the provision of programs; the planning and sale of packaged software; and the preparation of commercial broadcast. It also offers closed captioned and for-sale, and media and sports programs editing services, as well as TV and Internet communications, advertising, insurance agency, broadcast preparation, and archive services; plans and produces art equipment; and plans and produces broadcast programming. In addition, the company engages in the lighting business; the provision of program production technology, transmission technical, and news services; broadcasting and ancillary businesses through broadcasting satellite; and the development and production of digital media and content. Further, it is involved in the cross-media advertising; news program/japan satellite broadcasting/cable television channel; and streaming businesses. The company was founded in 2010 and is headquartered in Tokyo, Japan.

Details
Name: TV TOKYO Holdings Corporation
9413
Exchange: TSE
Founded: 2010
¥66,085,908,015
28,278,095
Website: http://www.txhd.co.jp
Address: TV TOKYO Holdings Corporation
Roppongi Grand Tower 3-2-1,
Roppongi,
Tokyo,
106-0087,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9413 Common Stock The Tokyo Stock Exchange JP JPY 01. Oct 2010
Number of employees
Current staff
Staff numbers
1,576
TV TOKYO Holdings employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/05 15:33
End of day share price update: 2019/12/04 00:00
Last estimates confirmation: 2019/11/21
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.