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Asahi

TSE:3333
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3333
TSE
¥32B
Market Cap
  1. Home
  2. JP
  3. Retail
Company description

Asahi Co., Ltd. sells bicycles, parts, accessories, and other related products. The last earnings update was 3 days ago. More info.


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  • Asahi has significant price volatility in the past 3 months.
3333 Share Price and Events
7 Day Returns
-6.9%
TSE:3333
-8%
JP Specialty Retail
-8.9%
JP Market
1 Year Returns
-21.6%
TSE:3333
-21.2%
JP Specialty Retail
-17.9%
JP Market
3333 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Asahi (3333) -6.9% 0.9% -22.3% -21.6% -26.1% -0.6%
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
  • 3333 matched the Specialty Retail industry (-21.2%) over the past year.
  • 3333 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
3333
Industry
5yr Volatility vs Market

Value

 Is Asahi 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 Asahi 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 Asahi.

TSE:3333 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.1%
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:3333
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%) (0.58%))
0.825
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.825 * 6.33%)
5.13%

Discounted Cash Flow Calculation for TSE:3333 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Asahi 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:3333 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.13%)
2020 2,599.33 Est @ 3.55% 2,472.39
2021 2,663.30 Est @ 2.46% 2,409.53
2022 2,708.46 Est @ 1.7% 2,330.72
2023 2,739.88 Est @ 1.16% 2,242.61
2024 2,761.39 Est @ 0.78% 2,149.84
2025 2,775.82 Est @ 0.52% 2,055.53
2026 2,785.22 Est @ 0.34% 1,961.77
2027 2,791.07 Est @ 0.21% 1,869.89
2028 2,794.42 Est @ 0.12% 1,780.71
2029 2,796.02 Est @ 0.06% 1,694.71
Present value of next 10 years cash flows ¥20,967.00
TSE:3333 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,796.02 × (1 + -0.09%) ÷ (5.13% – -0.09%)
¥53,471.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥53,471.18 ÷ (1 + 5.13%)10
¥32,409.69
TSE:3333 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥20,967.00 + ¥32,409.69
¥53,376.69
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥53,376.69 / 26.08
¥2046.74
TSE:3333 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥2,046.74
Current discount Discount to share price of ¥1,074.00
= -1 x (¥1,074.00 - ¥2,046.74) / ¥2,046.74
47.5%

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

Current Discount
Amount off the current price Asahi is available for.
Intrinsic value
48%
Share price is ¥1074 vs Future cash flow value of ¥2046.74
Current Discount Checks
For Asahi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Asahi's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Asahi's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Asahi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Asahi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:3333 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2020-02-20) in JPY ¥98.09
TSE:3333 Share Price ** TSE (2020-04-03) in JPY ¥1074
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 Asahi.

TSE:3333 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3333 Share Price ÷ EPS (both in JPY)

= 1074 ÷ 98.09

10.95x

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

  • Asahi is overvalued based on earnings compared to the JP Specialty Retail industry average.
  • Asahi is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Asahi's expected growth come at a high price?
Raw Data
TSE:3333 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.95x
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 Asahi, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Asahi's assets?
Raw Data
TSE:3333 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2020-02-20) in JPY ¥1,082.07
TSE:3333 Share Price * TSE (2020-04-03) in JPY ¥1074
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:3333 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3333 Share Price ÷ Book Value per Share (both in JPY)

= 1074 ÷ 1,082.07

0.99x

* Primary Listing of Asahi.

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

  • Asahi is overvalued based on assets compared to the JP Specialty Retail industry average.
X
Value checks
We assess Asahi'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. Asahi has a total score of 3/6, 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 Asahi 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 Asahi 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 Asahi expected to grow at an attractive rate?
  • Unable to compare Asahi's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Asahi's earnings growth to the Japan market average as no estimate data is available.
  • Unable to compare Asahi's revenue growth to the Japan market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSE:3333 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:3333 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:3333 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2020-02-20 59,852 2,559
2019-11-20 59,359 2,361
2019-08-20 57,592 3,814 2,088
2019-05-20 57,814 2,409
2019-02-20 57,460 4,789 2,360
2018-11-20 56,695 2,484
2018-08-20 55,692 3,728 2,266
2018-05-20 55,294 2,338
2018-02-20 53,620 1,226 2,051
2017-11-20 53,413 2,372
2017-08-20 53,046 2,804 2,588
2017-05-20 52,088 2,301

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Asahi is high growth as no earnings estimate data is available.
  • Unable to determine if Asahi 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:3333 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Asahi Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:3333 Past Financials Data
Date (Data in JPY Millions) EPS *
2020-02-20 98.09
2019-11-20 90.43
2019-08-20 79.91
2019-05-20 92.13
2019-02-20 90.22
2018-11-20 94.96
2018-08-20 86.63
2018-05-20 89.38
2018-02-20 78.41
2017-11-20 90.68
2017-08-20 98.94
2017-05-20 87.97

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

Next steps:

  1. Examine whether Asahi is trading at Asahi'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Asahi'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 Asahi'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.
Asahi 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 Asahi 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 Asahi'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.
  • Asahi's year on year earnings growth rate has been positive over the past 5 years.
  • Asahi's 1-year earnings growth exceeds its 5-year average (8.4% vs 8%)
  • Asahi's earnings growth has exceeded the JP Specialty Retail industry average in the past year (8.4% vs 5.3%).
Earnings and Revenue History
Asahi'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 Asahi Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:3333 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2020-02-20 59,852.00 2,559.00 26,285.00
2019-11-20 59,359.00 2,361.00 24,612.00
2019-08-20 57,592.00 2,088.00 24,217.00
2019-05-20 57,814.00 2,409.00 23,904.00
2019-02-20 57,460.00 2,360.00 23,566.00
2018-11-20 56,695.00 2,484.00 23,119.00
2018-08-20 55,692.00 2,266.00 22,740.00
2018-05-20 55,294.00 2,338.00 22,349.00
2018-02-20 53,620.00 2,051.00 21,916.00
2017-11-20 53,413.00 2,372.00 21,487.00
2017-08-20 53,046.00 2,588.00 21,057.00
2017-05-20 52,088.00 2,301.00 20,862.00
2017-02-20 51,088.00 2,165.00 20,424.00
2016-11-20 50,424.00 2,095.00 20,216.00
2016-08-20 50,174.00 2,070.00 19,986.00
2016-05-20 49,664.00 2,239.00 19,499.00
2016-02-20 48,402.00 1,968.00 19,276.00
2015-11-20 47,290.00 1,863.00 19,183.00
2015-08-20 46,432.00 1,760.00 18,902.00
2015-05-20 45,070.00 1,281.00 18,833.00
2015-02-20 44,561.00 1,370.00 18,235.00
2014-11-20 44,449.00 1,745.00 17,859.00
2014-08-20 44,136.00 2,011.00 17,384.00
2014-05-20 44,263.00 2,576.00 16,592.00
2014-02-20 42,164.00 2,188.00 16,465.00
2013-11-20 41,196.00 2,023.00 16,052.00
2013-08-20 40,792.00 2,297.00 15,577.00
2013-05-20 39,463.00 2,276.00 15,172.00

*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.
  • Asahi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Asahi used its assets more efficiently than the JP Specialty Retail industry average last year based on Return on Assets.
  • Asahi has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Asahi'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.
Asahi has a total score of 5/6, 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 Asahi'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 Asahi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Asahi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Asahi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Asahi'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 95.1x 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 Asahi Company Filings, last reported 1 month ago.

TSE:3333 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2020-02-20 28,219.00 187.00 2,946.00
2019-11-20 28,641.00 250.00 5,959.00
2019-08-20 28,005.00 312.00 5,305.00
2019-05-20 27,800.00 375.00 4,816.00
2019-02-20 26,134.00 1,937.00 2,890.00
2018-11-20 26,761.00 2,000.00 4,893.00
2018-08-20 26,495.00 2,062.00 5,464.00
2018-05-20 26,101.00 2,125.00 3,920.00
2018-02-20 24,111.00 4,187.00 2,472.00
2017-11-20 24,812.00 2,250.00 2,203.00
2017-08-20 24,790.00 2,312.00 3,811.00
2017-05-20 24,020.00 2,375.00 3,596.00
2017-02-20 22,585.00 2,937.00 1,966.00
2016-11-20 22,797.00 2,500.00 3,751.00
2016-08-20 22,112.00 2,516.00 3,513.00
2016-05-20 21,903.00 2,541.00 2,125.00
2016-02-20 20,434.00 4,066.00 1,487.00
2015-11-20 21,155.00 2,591.00 2,106.00
2015-08-20 21,060.00 2,615.00 3,328.00
2015-05-20 20,566.00 2,640.00 2,545.00
2015-02-20 19,424.00 3,665.00 751.00
2014-11-20 20,131.00 1,190.00 1,750.00
2014-08-20 19,424.00 1,215.00 3,523.00
2014-05-20 19,369.00 1,240.00 3,894.00
2014-02-20 18,012.00 1,265.00 1,472.00
2013-11-20 18,179.00 1,290.00 3,263.00
2013-08-20 17,747.00 315.00 2,742.00
2013-05-20 17,292.00 340.00 2,852.00
  • Asahi's level of debt (0.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (18.8% vs 0.7% today).
  • Debt is well covered by operating cash flow (2039.6%, greater than 20% of total debt).
  • Asahi earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Asahi'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. Asahi 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 Asahi'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%
Current annual income from Asahi dividends.
If you bought ¥2,000 of Asahi shares you are expected to receive ¥0 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?
  • Unable to evaluate Asahi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Asahi's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:3333 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:3333 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2012-04-02 10.000 0.739
2011-12-22 10.000 0.655
2011-09-20 10.000 0.601
2011-06-20 10.000 0.644
2011-05-16 10.000 0.649
2011-04-04 10.000 0.645
2010-12-24 8.000 0.615
2010-06-21 8.000 0.689
2010-05-17 8.000 0.593
2010-03-29 8.000 0.549
2009-05-18 5.000 0.345

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

  • Unable to perform a dividend volatility check as Asahi has not reported any payouts.
  • Unable to verify if Asahi's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Asahi's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Asahi has not reported any payouts.
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 Asahi'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 Asahi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Asahi 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 Asahi'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
Yoshifumi Shimoda
AGE 48
TENURE AS CEO 7.9 years
CEO Bio

Mr. Yoshifumi Shimoda has been the President of Asahi Co Ltd. since May 2012. Mr. Shimoda has been Senior Managing Director and General Manager of Products Department of Asahi Co Ltd. since May 2008. Mr. Shimoda has been an Executive President and Chief Executive Officer of Asahi (Beijing) Bicycle Trading Co., Ltd. since March 210. He Joined Asahi Co., Ltd. in April 1994 and served as its Manager of Products Department since May 2006; General Manager of Products Department and Manager of Products Department since February 2008. He has been Representative Director at Asahi Co Ltd. since May 2012.

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

Average tenure and age of the Asahi management team in years:

9.6
Average Tenure
55.5
Average Age
  • The average tenure for the Asahi management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Yoshifumi Shimoda

TITLE
President & Representative Director
AGE
48
TENURE
7.9 yrs

Toru Matsushita

TITLE
Manager of Store Operation Department & Director
AGE
55
TENURE
7.2 yrs

Toshikatsu Koga

TITLE
Manager of Accounting Department & Director
AGE
55
TENURE
14 yrs

Nobuyuki Hayashi

TITLE
Manager of Store Development Department & Director
AGE
56
TENURE
18.6 yrs

Shiro Nishioka

TITLE
Manager of General Affairs Department & Director
AGE
57
TENURE
11.3 yrs

Takashi Ohmori

TITLE
Manager of Product Department & Director
AGE
58
TENURE
7.2 yrs
Board of Directors Tenure

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

10.1
Average Tenure
57.5
Average Age
  • The average tenure for the Asahi board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Yoshifumi Shimoda

TITLE
President & Representative Director
AGE
48
TENURE
7.9 yrs

Toru Matsushita

TITLE
Manager of Store Operation Department & Director
AGE
55
TENURE
16.2 yrs

Toshikatsu Koga

TITLE
Manager of Accounting Department & Director
AGE
55
TENURE
13.9 yrs

Nobuyuki Hayashi

TITLE
Manager of Store Development Department & Director
AGE
56
TENURE
16.9 yrs

Shiro Nishioka

TITLE
Manager of General Affairs Department & Director
AGE
57
TENURE
9.9 yrs

Takashi Ohmori

TITLE
Manager of Product Department & Director
AGE
58
TENURE
6.9 yrs

Miyoji Ibe

TITLE
External Director
AGE
66
TENURE
4.9 yrs

Masumitsu Inada

TITLE
External Director
AGE
71

Koichi Nishimura

TITLE
External Standing Corporate Auditor
AGE
70
TENURE
10.1 yrs

Akikazu Kitayama

TITLE
External Auditor
AGE
73
TENURE
13.7 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 Asahi'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. Asahi 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

Asahi Co., Ltd. sells bicycles, parts, accessories, and other related products. It also offers ancillary services, such as maintenance and repair. The company owns 450 stores as a large-scale bicycle chain store ‘Cycle Base Asahi’ in Japan; and 5 stores in China. It also operates three online stores at its Networking Store, Cycle Mall Yahoo, and Cycle Mall Rakuten Ichiba. The company was formerly known as Asahi Gangu and changed its name to Asahi Co., Ltd. in May 1992. Asahi Co., Ltd. was founded in 1949 and is headquartered in Osaka, Japan.

Details
Name: Asahi Co., Ltd.
3333
Exchange: TSE
Founded: 1949
¥32,155,234,380
26,078,860
Website: http://www.cb-asahi.co.jp
Address: Asahi Co., Ltd.
3-11-4 Takakura-cho,
Miyakojima-ku,
Osaka,
534-0011,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3333 Common Shares The Tokyo Stock Exchange JP JPY 12. Aug 2004
OTCPK AAHI.F Common Shares Pink Sheets LLC US USD 12. Aug 2004
Number of employees
Current staff
Staff numbers
1,491
Asahi employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 14:35
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/04/03
Last earnings reported: 2020/02/20
Last annual earnings reported: 2020/02/20


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.