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Maruzen CHI HoldingsLtd

TSE:3159
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3159
TSE
¥33B
Market Cap
  1. Home
  2. JP
  3. Retail
Company description

Maruzen CHI Holdings Co.,Ltd. sells books and magazines in Japan. The last earnings update was 24 days ago. More info.


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3159 Share Price and Events
7 Day Returns
-6.6%
TSE:3159
-8%
JP Specialty Retail
-8.9%
JP Market
1 Year Returns
-3.6%
TSE:3159
-21.2%
JP Specialty Retail
-17.9%
JP Market
3159 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Maruzen CHI HoldingsLtd (3159) -6.6% 10.3% -4.9% -3.6% 2.9% -6.6%
JP Specialty Retail -8% -17% -31.1% -21.2% -4.8% -13.9%
JP Market -8.9% -10.5% -21.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 3159 outperformed the Specialty Retail industry which returned -21.2% over the past year.
  • 3159 outperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
3159
Industry
5yr Volatility vs Market

Value

 Is Maruzen CHI HoldingsLtd 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 Maruzen CHI HoldingsLtd 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 Maruzen CHI HoldingsLtd.

TSE:3159 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 8%
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:3159
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.736 (1 + (1- 30.86%) (134.36%))
1.282
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.282 * 6.33%)
8.02%

Discounted Cash Flow Calculation for TSE:3159 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Maruzen CHI HoldingsLtd 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:3159 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 8.02%)
2020 3,206.89 Est @ 3.13% 2,968.71
2021 3,276.26 Est @ 2.16% 2,807.68
2022 3,324.99 Est @ 1.49% 2,637.81
2023 3,358.71 Est @ 1.01% 2,466.66
2024 3,381.65 Est @ 0.68% 2,299.05
2025 3,396.90 Est @ 0.45% 2,137.90
2026 3,406.71 Est @ 0.29% 1,984.83
2027 3,412.67 Est @ 0.18% 1,840.64
2028 3,415.93 Est @ 0.1% 1,705.56
2029 3,417.30 Est @ 0.04% 1,579.52
Present value of next 10 years cash flows ¥22,428.00
TSE:3159 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥3,417.30 × (1 + -0.09%) ÷ (8.02% – -0.09%)
¥42,083.89
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥42,083.89 ÷ (1 + 8.02%)10
¥19,451.71
TSE:3159 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥22,428.00 + ¥19,451.71
¥41,879.71
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥41,879.71 / 92.55
¥452.52
TSE:3159 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥452.52
Current discount Discount to share price of ¥352.00
= -1 x (¥352.00 - ¥452.52) / ¥452.52
22.2%

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

Current Discount
Amount off the current price Maruzen CHI HoldingsLtd is available for.
Intrinsic value
22%
Share price is ¥352 vs Future cash flow value of ¥452.52
Current Discount Checks
For Maruzen CHI HoldingsLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Maruzen CHI HoldingsLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Maruzen CHI HoldingsLtd'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 Maruzen CHI HoldingsLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Maruzen CHI HoldingsLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:3159 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-01-31) in JPY ¥22.44
TSE:3159 Share Price ** TSE (2020-04-06) in JPY ¥352
Japan Specialty Retail Industry PE Ratio Median Figure of 83 Publicly-Listed Specialty Retail Companies 9.67x
Japan Market PE Ratio Median Figure of 3,071 Publicly-Listed Companies 11.51x

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

** Primary Listing of Maruzen CHI HoldingsLtd.

TSE:3159 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3159 Share Price ÷ EPS (both in JPY)

= 352 ÷ 22.44

15.68x

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

  • Maruzen CHI HoldingsLtd is overvalued based on earnings compared to the JP Specialty Retail industry average.
  • Maruzen CHI HoldingsLtd is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does Maruzen CHI HoldingsLtd's expected growth come at a high price?
Raw Data
TSE:3159 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.68x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Japan Specialty Retail Industry PEG Ratio Median Figure of 30 Publicly-Listed Specialty Retail Companies 1.71x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.25x

*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 Maruzen CHI HoldingsLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Maruzen CHI HoldingsLtd's assets?
Raw Data
TSE:3159 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-01-31) in JPY ¥416.95
TSE:3159 Share Price * TSE (2020-04-06) in JPY ¥352
Japan Specialty Retail Industry PB Ratio Median Figure of 108 Publicly-Listed Specialty Retail Companies 0.67x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x
TSE:3159 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3159 Share Price ÷ Book Value per Share (both in JPY)

= 352 ÷ 416.95

0.84x

* Primary Listing of Maruzen CHI HoldingsLtd.

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

  • Maruzen CHI HoldingsLtd is overvalued based on assets compared to the JP Specialty Retail industry average.
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Value checks
We assess Maruzen CHI HoldingsLtd'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 Specialty Retail 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 Specialty Retail industry average (and greater than 0)? (1 check)
  5. Maruzen CHI HoldingsLtd has a total score of 1/6, 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 Maruzen CHI HoldingsLtd 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 Maruzen CHI HoldingsLtd 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
9.6%
Expected Specialty Retail industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Maruzen CHI HoldingsLtd expected to grow at an attractive rate?
  • Unable to compare Maruzen CHI HoldingsLtd's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Maruzen CHI HoldingsLtd's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Maruzen CHI HoldingsLtd's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:3159 Future Growth Rates Data Sources
Data Point Source Value (per year)
Japan Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Japan Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.1%
Japan Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
TSE:3159 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:3159 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TSE:3159 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2020-01-31 176,258 5,059 2,077
2019-10-31 175,630 2,117
2019-07-31 174,966 2,554 2,106
2019-04-30 175,033 2,053
2019-01-31 177,041 4,919 2,424
2018-10-31 178,695 436
2018-07-31 178,930 4,153 109
2018-04-30 178,638 26
2018-01-31 178,349 3,795 -321
2017-10-31 179,467 606
2017-07-31 178,644 3,207 316
2017-04-30 179,088 650

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Maruzen CHI HoldingsLtd is high growth as no earnings estimate data is available.
  • Unable to determine if Maruzen CHI HoldingsLtd is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSE:3159 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 0 Analyst Estimates (S&P Global) See Below

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

TSE:3159 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TSE:3159 Past Financials Data
Date (Data in JPY Millions) EPS *
2020-01-31 22.44
2019-10-31 22.87
2019-07-31 22.76
2019-04-30 22.18
2019-01-31 26.19
2018-10-31 4.71
2018-07-31 1.18
2018-04-30 0.28
2018-01-31 -3.47
2017-10-31 6.55
2017-07-31 3.41
2017-04-30 7.02

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

Next steps:

  1. Examine Maruzen CHI HoldingsLtd'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. Maruzen CHI HoldingsLtd'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 Retail 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 Maruzen CHI HoldingsLtd'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.
Maruzen CHI HoldingsLtd 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 Maruzen CHI HoldingsLtd 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 Maruzen CHI HoldingsLtd's growth in the last year to its industry (Specialty Retail).
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.
  • Maruzen CHI HoldingsLtd's year on year earnings growth rate has been positive over the past 5 years.
  • Maruzen CHI HoldingsLtd's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Maruzen CHI HoldingsLtd's 1-year earnings growth is negative, it can't be compared to the JP Specialty Retail industry average.
Earnings and Revenue History
Maruzen CHI HoldingsLtd'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 Maruzen CHI HoldingsLtd Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:3159 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-01-31 176,258.00 2,077.00 37,256.00
2019-10-31 175,630.00 2,117.00 37,331.00
2019-07-31 174,966.00 2,106.00 37,329.00
2019-04-30 175,033.00 2,053.00 37,294.00
2019-01-31 177,041.00 2,424.00 37,313.00
2018-10-31 178,695.00 436.00 37,582.00
2018-07-31 178,930.00 109.00 37,522.00
2018-04-30 178,638.00 26.00 37,566.00
2018-01-31 178,349.00 -321.00 37,563.00
2017-10-31 179,467.00 606.00 37,993.00
2017-07-31 178,644.00 316.00 38,179.00
2017-04-30 179,088.00 650.00 38,220.00
2017-01-31 178,405.00 539.00 38,360.00
2016-10-31 176,301.00 1,112.00 38,389.00
2016-07-31 176,906.00 1,556.00 38,493.00
2016-04-30 176,893.00 1,330.00 38,806.00
2016-01-31 175,137.00 1,025.00 38,687.00
2015-10-31 173,572.00 901.00 38,188.00
2015-07-31 171,785.00 761.00 37,954.00
2015-04-30 169,537.00 694.00 37,613.00
2015-01-31 168,812.00 845.00 37,528.00
2014-10-31 167,313.00 1,032.00 37,279.00
2014-07-31 165,876.00 1,097.00 37,177.00
2014-04-30 165,744.00 1,029.00 37,084.00
2014-01-31 163,337.00 904.00 36,951.00
2013-10-31 164,126.00 798.00 37,075.00
2013-07-31 165,070.00 349.00 37,289.00
2013-04-30 168,077.00 546.00 37,633.00

*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.
  • Maruzen CHI HoldingsLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Maruzen CHI HoldingsLtd used its assets less efficiently than the JP Specialty Retail industry average last year based on Return on Assets.
  • Maruzen CHI HoldingsLtd has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Maruzen CHI HoldingsLtd'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 Specialty Retail 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.
Maruzen CHI HoldingsLtd has a total score of 2/6, 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 Maruzen CHI HoldingsLtd'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 Maruzen CHI HoldingsLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Maruzen CHI HoldingsLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Maruzen CHI HoldingsLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Maruzen CHI HoldingsLtd'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 2.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from Maruzen CHI HoldingsLtd Company Filings, last reported 2 months ago.

TSE:3159 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2020-01-31 39,774.00 42,390.00 22,848.00
2019-10-31 39,767.00 34,485.00 22,722.00
2019-07-31 39,734.00 38,797.00 22,926.00
2019-04-30 39,506.00 38,355.00 25,618.00
2019-01-31 37,540.00 47,155.00 22,711.00
2018-10-31 36,985.00 37,865.00 22,059.00
2018-07-31 36,991.00 41,739.00 23,815.00
2018-04-30 37,619.00 39,430.00 24,103.00
2018-01-31 35,287.00 48,928.00 22,679.00
2017-10-31 36,600.00 38,277.00 20,487.00
2017-07-31 36,789.00 39,474.00 21,850.00
2017-04-30 37,333.00 38,902.00 22,482.00
2017-01-31 35,456.00 49,209.00 21,367.00
2016-10-31 35,908.00 39,677.00 19,971.00
2016-07-31 36,699.00 41,935.00 19,840.00
2016-04-30 36,829.00 38,802.00 22,078.00
2016-01-31 35,148.00 52,417.00 20,663.00
2015-10-31 35,034.00 41,056.00 17,630.00
2015-07-31 35,216.00 40,278.00 18,690.00
2015-04-30 35,452.00 38,122.00 18,993.00
2015-01-31 33,701.00 48,726.00 19,135.00
2014-10-31 33,772.00 37,908.00 16,514.00
2014-07-31 33,640.00 37,266.00 17,259.00
2014-04-30 34,257.00 36,254.00 20,968.00
2014-01-31 32,453.00 41,510.00 13,233.00
2013-10-31 32,114.00 36,625.00 17,815.00
2013-07-31 32,308.00 39,048.00 17,905.00
2013-04-30 32,995.00 36,265.00 20,079.00
  • Maruzen CHI HoldingsLtd's level of debt (106.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (144.1% vs 106.6% today).
  • Debt is not well covered by operating cash flow (11.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 30.6x coverage).
X
Financial health checks
We assess Maruzen CHI HoldingsLtd'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. Maruzen CHI HoldingsLtd has a total score of 4/6, 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 Maruzen CHI HoldingsLtd'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
0.57%
Current annual income from Maruzen CHI HoldingsLtd dividends.
If you bought ¥2,000 of Maruzen CHI HoldingsLtd shares you are expected to receive ¥11 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?
  • Maruzen CHI HoldingsLtd's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.81%).
  • Maruzen CHI HoldingsLtd's dividend is below the markets top 25% of dividend payers in Japan (4.2%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:3159 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 Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 2%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2988 Stocks 3%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.8%
Japan Top 25% Dividend Yield 75th Percentile 4.2%

Industry and Market average data is calculated daily.

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

TSE:3159 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
TSE:3159 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2020-03-13 2.000 0.571
2019-12-13 2.000 0.562
2019-04-26 1.000 0.266
2019-03-15 1.000 0.274
2018-12-13 2.000 0.602

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

  • Maruzen CHI HoldingsLtd is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • Maruzen CHI HoldingsLtd 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 Maruzen CHI HoldingsLtd's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Maruzen CHI HoldingsLtd'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 Maruzen CHI HoldingsLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Maruzen CHI HoldingsLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Maruzen CHI HoldingsLtd 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 Maruzen CHI HoldingsLtd'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
Eisuke Matsuo
AGE 66
TENURE AS CEO 1 years
CEO Bio

Mr. Eisuke Matsuo has been President and Chief Executive Officer of Maruzen CHI Holdings Co.,Ltd., since April 2019 and its Director since February 2010. Mr. Matsuo has been the President and Representative Director of Marusen Co., Ltd. since April 2012. He served as the Senior Managing Director of Maruzen CHI Holdings Co., Ltd. since April 2013He joined Dai Nippon Printing Co., Ltd. in April 1976. He served as Manager of Planning and Administration Department, Ichigaya Division at Dai Nippon Printing Co., Ltd. since December 1992. He served as Manager of Planning and Administration Department, Wrapping Division at Dai Nippon Printing Co., Ltd. since December 1996 and was employed at Administration Department since April 1999. He served as the Chief of Business Planning Promotion Office at Dai Nippon Printing Co., Ltd. since July 2005. He served as Managing Director; General Manager of Administration Division and Assistant General Manager of Education and Learning Division at Maruzen Co., Ltd. since April 2008 and served as its Officer In-charge, Shop System and Produce Division since February 2010. He served as an In-charge of Accounting and Finance Department at Maruzen Co., Ltd. since April 2010. He served as Director of Maruzen CHI Holdings Co.,Ltd. since February 2010 and also served as its Managing Director since April 2011 and President. He has been a Director of Maruzen Bookstores Co., Ltd. since August 2010; K.K. honto (now K.K. honto Book Service) since December 2010; TRC, Inc. since February 2011; K.K. Junkudo Shoten since February 2011; Yushodo Co., Ltd. since February 2011; and Maruzen Publishing Co. Ltd. since February 2011. Eisuke Matsuo has been an Auditor of 2Dfacto, Inc. since December 2010.

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

Average tenure and age of the Maruzen CHI HoldingsLtd management team in years:

1
Average Tenure
65
Average Age
  • The average tenure for the Maruzen CHI HoldingsLtd management team is less than 2 years, this suggests a new team.
Management Team

Eisuke Matsuo

TITLE
President
AGE
66
TENURE
1 yrs

Kiyotaka Nakagawa

TITLE
President & Representative Director
AGE
64
TENURE
5.8 yrs

Fusao Bammi

TITLE
Managing Director and General Manager of Administration
AGE
65

Hidetaka Gomi

TITLE
Managing Director & Director
AGE
59
TENURE
1 yrs

Koshiro Harada

TITLE
Senior Executive Officer

Kenichiro Takahashi

TITLE
Executive Officer
AGE
74

Ikuo Hamada

TITLE
Senior Executive Officer

Katsuo Endo

TITLE
Senior Executive Officer

Ikuhiro Nomura

TITLE
Executive Officer

Kazuhiro Ikeda

TITLE
Executive Officer
Board of Directors Tenure

Average tenure and age of the Maruzen CHI HoldingsLtd board of directors in years:

9
Average Tenure
66
Average Age
  • The tenure for the Maruzen CHI HoldingsLtd board of directors is about average.
Board of Directors

Kiyotaka Nakagawa

TITLE
President & Representative Director
AGE
64
TENURE
9 yrs

Hidetaka Gomi

TITLE
Managing Director & Director
AGE
59
TENURE
5 yrs

Yasutaka Kudo

TITLE
Director
AGE
69
TENURE
9 yrs

Eisuke Matsuo

TITLE
President
AGE
66

Hirofumi Hashimoto

TITLE
Director
AGE
62
TENURE
9 yrs

Akira Ishii

TITLE
Director
AGE
86
TENURE
7 yrs

Hirokazu Chinone

TITLE
External Director
AGE
75
TENURE
5 yrs

Ryuji Minemura

TITLE
Member of Corporate Auditor
AGE
67
TENURE
10.2 yrs

Makoto Ogo

TITLE
External Auditor
AGE
61
TENURE
9 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 Maruzen CHI HoldingsLtd'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. Maruzen CHI HoldingsLtd 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

Maruzen CHI Holdings Co.,Ltd. sells books and magazines in Japan. It also offers academic and other information services; and manages educational facilities, such as libraries. In addition, the company engages in the design, supervision, and construction works; publishing books, magazines, etc.; import and sale of books, magazines, stationery, etc.; production and sale of academic papers; purchases and sells antiques; management consulting; and school education business. Further, it creates bibliographic information database; and sells stationery and office supplies, clothing, sundries and other goods, as well as provides information services using communication networks. The company was founded in 2010 and is headquartered in Tokyo, Japan. Maruzen CHI Holdings Co.,Ltd. is a subsidiary of Dai Nippon Printing Co., Ltd.

Details
Name: Maruzen CHI Holdings Co.,Ltd.
3159
Exchange: TSE
Founded: 2010
¥32,576,944,928
92,548,139
Website: http://www.maruzen-chi.co.jp
Address: Maruzen CHI Holdings Co.,Ltd.
No. 31 31, Sasanouchi-cho,
Shibuya-ku,
Tokyo,
162-0846,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3159 New Common Stock The Tokyo Stock Exchange JP JPY 01. Feb 2010
Number of employees
Current staff
Staff numbers
1,458
Maruzen CHI HoldingsLtd employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 16:09
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2020/03/13
Last earnings reported: 2020/01/31
Last annual earnings reported: 2020/01/31


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.