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eBase

TSE:3835
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3835
TSE
¥36B
Market Cap
  1. Home
  2. JP
  3. Software
Company description

eBase Co., Ltd. engages in the planning, development, sale, and maintenance of content management software in Japan. The last earnings update was 56 days ago. More info.


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3835 Share Price and Events
7 Day Returns
14.5%
TSE:3835
4.9%
JP Software
5.1%
JP Market
1 Year Returns
44.5%
TSE:3835
-3%
JP Software
-10.9%
JP Market
3835 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
eBase (3835) 14.5% -5.6% 5.1% 44.5% 328.5% 562.3%
JP Software 4.9% 7.6% -17.8% -3% 42% 62.4%
JP Market 5.1% 1.7% -17.6% -10.9% -3% -7.5%
1 Year Return vs Industry and Market
  • 3835 outperformed the Software industry which returned -3% over the past year.
  • 3835 outperformed the Market in Japan which returned -10.9% over the past year.
Price Volatility
3835
Industry
5yr Volatility vs Market

3835 Value

 Is eBase 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 eBase 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 eBase.

TSE:3835 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
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:3835
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Software Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.938 (1 + (1- 30.86%) (0%))
0.959
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (0.959 * 6.33%)
5.98%

Discounted Cash Flow Calculation for TSE:3835 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for eBase 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:3835 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.98%)
2020 809.00 Analyst x1 763.37
2021 1,010.00 Analyst x1 899.27
2022 1,225.00 Analyst x1 1,029.18
2023 1,411.00 Analyst x1 1,118.58
2024 1,667.00 Analyst x1 1,246.99
2025 1,970.00 Analyst x1 1,390.52
2026 2,180.98 Est @ 10.71% 1,452.61
2027 2,343.90 Est @ 7.47% 1,473.06
2028 2,465.83 Est @ 5.2% 1,462.28
2029 2,554.95 Est @ 3.61% 1,429.67
Present value of next 10 years cash flows ¥12,265.00
TSE:3835 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥2,554.95 × (1 + -0.09%) ÷ (5.98% – -0.09%)
¥42,069.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥42,069.02 ÷ (1 + 5.98%)10
¥23,540.46
TSE:3835 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥12,265.00 + ¥23,540.46
¥35,805.46
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥35,805.46 / 45.99
¥778.57
TSE:3835 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥778.57
Current discount Discount to share price of ¥789.00
= -1 x (¥789.00 - ¥778.57) / ¥778.57
-1.3%

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

  • The current share price of eBase 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 eBase's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are eBase's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:3835 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥19.58
TSE:3835 Share Price ** TSE (2020-04-09) in JPY ¥789
Japan Software Industry PE Ratio Median Figure of 95 Publicly-Listed Software Companies 23.27x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 12.4x

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

** Primary Listing of eBase.

TSE:3835 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:3835 Share Price ÷ EPS (both in JPY)

= 789 ÷ 19.58

40.3x

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

  • eBase is overvalued based on earnings compared to the JP Software industry average.
  • eBase is overvalued based on earnings compared to the Japan market.
Price based on expected Growth
Does eBase's expected growth come at a high price?
Raw Data
TSE:3835 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 40.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
18.9%per year
Japan Software Industry PEG Ratio Median Figure of 27 Publicly-Listed Software Companies 2.3x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

TSE:3835 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 40.3x ÷ 18.9%

2.13x

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

  • eBase is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on eBase's assets?
Raw Data
TSE:3835 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥94.04
TSE:3835 Share Price * TSE (2020-04-09) in JPY ¥789
Japan Software Industry PB Ratio Median Figure of 121 Publicly-Listed Software Companies 2.29x
Japan Market PB Ratio Median Figure of 3,578 Publicly-Listed Companies 0.86x
TSE:3835 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:3835 Share Price ÷ Book Value per Share (both in JPY)

= 789 ÷ 94.04

8.39x

* Primary Listing of eBase.

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

  • eBase is overvalued based on assets compared to the JP Software industry average.
X
Value checks
We assess eBase'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. eBase has a total score of 0/6, see the detailed checks below.

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

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

3835 Future Performance

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

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is eBase expected to grow at an attractive rate?
  • eBase's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • eBase's earnings growth is expected to exceed the Japan market average.
  • eBase's revenue growth is expected to exceed the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:3835 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:3835 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 18.9%
TSE:3835 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 8.6%
Japan Software Industry Earnings Growth Rate Market Cap Weighted Average 22.3%
Japan Software Industry Revenue Growth Rate Market Cap Weighted Average 11.8%
Japan Market Earnings Growth Rate Market Cap Weighted Average 9.3%
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:3835 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:3835 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-03-31
2024-03-31
2023-03-31
2022-03-31 5,300 1,295 1,340 1
2021-03-31 4,900 1,080 1,130 1
2020-04-09
2020-03-31 4,480 856 910 1
TSE:3835 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 4,381 900
2019-09-30 4,313 760 885
2019-06-30 4,070 768
2019-03-31 4,043 624 784
2018-12-31 3,864 704
2018-09-30 3,806 620 671
2018-06-30 3,836 694
2018-03-31 3,828 717 688
2017-12-31 3,756 645
2017-09-30 3,729 721 641
2017-06-30 3,618 586
2017-03-31 3,580 600 566

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • eBase's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • eBase's revenue is expected to grow by 8.6% 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:3835 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from eBase Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:3835 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-03-31
2024-03-31
2023-03-31
2022-03-31 29.15 29.15 29.15 1.00
2021-03-31 24.55 24.55 24.55 1.00
2020-04-09
2020-03-31 19.80 19.80 19.80 1.00
TSE:3835 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 19.58
2019-09-30 19.26
2019-06-30 16.72
2019-03-31 17.08
2018-12-31 15.35
2018-09-30 14.64
2018-06-30 15.16
2018-03-31 15.05
2017-12-31 14.13
2017-09-30 14.07
2017-06-30 12.87
2017-03-31 12.43

*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 eBase will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess eBase'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.
eBase 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.

3835 Past Performance

  How has eBase 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 eBase's growth in the last year to its industry (Software).
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.
  • eBase's year on year earnings growth rate has been positive over the past 5 years.
  • eBase's 1-year earnings growth exceeds its 5-year average (27.8% vs 16.1%)
  • eBase's earnings growth has exceeded the JP Software industry average in the past year (27.8% vs 20.8%).
Earnings and Revenue History
eBase'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 eBase Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:3835 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 4,381.00 900.00 955.00 63.00
2019-09-30 4,313.00 885.00 952.00 63.00
2019-06-30 4,070.00 768.00 921.00 63.00
2019-03-31 4,043.00 784.00 909.00 63.00
2018-12-31 3,864.00 704.00 897.00 74.00
2018-09-30 3,806.00 671.00 894.00 74.00
2018-06-30 3,836.00 694.00 891.00 74.00
2018-03-31 3,828.00 688.00 881.00 74.00
2017-12-31 3,756.00 645.00 893.00 48.00
2017-09-30 3,729.00 641.00 870.00 48.00
2017-06-30 3,618.00 586.00 858.00 48.00
2017-03-31 3,580.00 566.00 844.00 48.00
2016-12-31 3,560.00 554.00 833.00 49.00
2016-09-30 3,543.00 517.00 846.00 49.00
2016-06-30 3,626.00 532.00 862.00 49.00
2016-03-31 3,567.00 474.00 871.00 49.00
2015-12-31 3,642.00 489.00 878.00 44.00
2015-09-30 3,487.00 489.00 856.00 44.00
2015-06-30 3,235.00 414.00 843.00 44.00
2015-03-31 3,094.00 414.00 852.00 44.00
2014-12-31 2,783.00 301.00 849.00 43.00
2014-09-30 2,801.00 303.00 843.00 43.00
2014-06-30 2,771.00 312.00 831.00 43.00
2014-03-31 2,782.00 326.00 801.00 43.00
2013-12-31 2,753.00 280.00 781.00 40.00
2013-09-30 2,759.00 270.00 765.00 40.00
2013-06-30 2,804.00 270.00 751.00 40.00

*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.
  • eBase has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • eBase used its assets more efficiently than the JP Software industry average last year based on Return on Assets.
  • eBase's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess eBase'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 Software 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.
eBase 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.

3835 Health

 How is eBase'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 eBase's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • eBase is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • eBase's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of eBase's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • eBase has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from eBase Company Filings, last reported 3 months ago.

TSE:3835 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,325.00 0.00 2,530.00
2019-09-30 4,190.00 0.00 2,454.00
2019-06-30 3,917.00 0.00 2,166.00
2019-03-31 4,082.00 0.00 2,012.00
2018-12-31 3,632.00 0.00 1,759.00
2018-09-30 3,544.00 0.00 1,940.00
2018-06-30 3,371.00 0.00 1,943.00
2018-03-31 3,520.00 0.00 1,803.00
2017-12-31 3,161.00 0.00 1,577.00
2017-09-30 3,087.00 0.00 1,891.00
2017-06-30 2,877.00 0.00 1,580.00
2017-03-31 2,905.00 0.00 1,432.00
2016-12-31 2,588.00 0.00 1,460.00
2016-09-30 2,516.00 0.00 1,207.00
2016-06-30 2,389.00 0.00 1,465.00
2016-03-31 2,417.00 0.00 1,465.00
2015-12-31 2,115.00 0.00 710.00
2015-09-30 2,078.00 0.00 604.00
2015-06-30 1,931.00 0.00 650.00
2015-03-31 2,008.00 0.00 573.00
2014-12-31 1,718.00 0.00 606.00
2014-09-30 1,684.00 0.00 513.00
2014-06-30 1,617.00 0.00 754.00
2014-03-31 1,683.00 0.00 658.00
2013-12-31 1,557.00 0.00 682.00
2013-09-30 1,523.00 0.00 596.00
2013-06-30 1,451.00 0.00 939.00
  • eBase has no debt.
  • eBase has not taken on any debt in the past 5 years.
  • eBase has no debt, it does not need to be covered by operating cash flow.
  • eBase has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess eBase'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. eBase 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.

3835 Dividends

 What is eBase'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
0.68%
Current annual income from eBase dividends. Estimated to be 0.98% next year.
If you bought ¥2,000 of eBase shares you are expected to receive ¥14 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?
  • eBase's pays a lower dividend yield than the bottom 25% of dividend payers in Japan (1.7%).
  • eBase's dividend is below the markets top 25% of dividend payers in Japan (3.92%).
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:3835 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Japan Software Industry Average Dividend Yield Market Cap Weighted Average of 74 Stocks 1.6%
Japan Market Average Dividend Yield Market Cap Weighted Average of 2987 Stocks 2.8%
Japan Minimum Threshold Dividend Yield 10th Percentile 1%
Japan Bottom 25% Dividend Yield 25th Percentile 1.7%
Japan Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

TSE:3835 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2025-03-31
2024-03-31
2023-03-31
2022-03-31 8.50 1.00
2021-03-31 7.00 1.00
2020-04-09
2020-03-31 5.40 1.00
TSE:3835 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-06-25 5.400 0.898
2019-05-14 5.400 0.987
2018-10-30 4.700 1.030
2018-06-26 4.700 1.106
2018-05-15 4.700 1.217
2017-06-27 3.700 1.228
2017-05-12 3.700 1.655
2016-06-28 2.088 1.319
2016-05-13 2.088 1.534
2015-06-23 2.063 1.371
2015-05-15 2.063 1.241
2014-10-31 1.219 1.433
2014-07-31 1.219 1.576
2014-06-24 1.219 1.349
2014-05-13 1.219 1.302
2014-01-31 1.231 1.178
2013-10-28 1.231 1.063
2013-07-31 1.231 1.151
2013-06-25 1.219 1.003
2013-05-14 1.231 0.873
2012-07-31 0.906 1.162
2012-06-26 0.906 1.377
2012-05-15 0.906 1.432
2012-01-31 0.750 1.228
2011-10-31 0.750 1.215
2011-07-29 0.750 1.245
2011-06-28 0.750 1.271
2011-05-12 0.750 1.278
2011-01-31 0.531 0.941
2010-11-01 0.531 0.926
2010-08-10 1.031 1.992
2010-07-05 1.031 1.392
2010-05-17 1.031 1.398
2010-01-29 0.500 0.729
2009-11-02 1.063 1.318
2009-08-14 1.063 1.278
2009-07-31 1.063 1.315
2009-06-23 0.969 1.178

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

  • eBase is not paying a notable dividend for Japan, therefore no need to check if the payments are stable.
  • eBase 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 eBase's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of eBase'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 eBase'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 eBase afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. eBase 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.

3835 Management

 What is the CEO of eBase'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
Koji Tsunekane
AGE 62
TENURE AS CEO 18.5 years
CEO Bio

Mr. Koji Tsunekane has been the President of eBase Co., Ltd. since October 2001 and PLUS CO., LTD., since November 2010. Mr. Tsunekane has been a Representative Director of eBase Co., Ltd. since October 2001 and PLUS CO., LTD., since November 2010.

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

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

13
Average Tenure
53
Average Age
  • The average tenure for the eBase management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Koji Tsunekane

TITLE
President and Representative Director
AGE
62
TENURE
18.5 yrs

Katsuyoshi Kubota

TITLE
Chief Financial Officer
AGE
57
TENURE
13 yrs

Tsutomu Otsuka

TITLE
Chief Operating Officer
AGE
53
TENURE
11.6 yrs

Takao Iwata

TITLE
Executive Officer and Director
AGE
52
TENURE
13 yrs

Takashi Nishiyama

TITLE
Executive Officer and Director
AGE
53
TENURE
13 yrs
Board of Directors Tenure

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

15.2
Average Tenure
59.5
Average Age
  • The average tenure for the eBase board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Koji Tsunekane

TITLE
President and Representative Director
AGE
62
TENURE
18.5 yrs

Katsuyoshi Kubota

TITLE
Chief Financial Officer
AGE
57
TENURE
14.6 yrs

Tsutomu Otsuka

TITLE
Chief Operating Officer
AGE
53
TENURE
16.5 yrs

Takao Iwata

TITLE
Executive Officer and Director
AGE
52
TENURE
15.8 yrs

Takashi Nishiyama

TITLE
Executive Officer and Director
AGE
53
TENURE
18.5 yrs

Masamitsu Morita

TITLE
Director
AGE
67
TENURE
4.8 yrs

Yasuhiro Fukuda

TITLE
External Director
AGE
84
TENURE
4.8 yrs

Koichi Takamori

TITLE
External Director
AGE
72
TENURE
4.8 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 eBase'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. eBase 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.

3835 News

Simply Wall St News

3835 Company Info

Description

eBase Co., Ltd. engages in the planning, development, sale, and maintenance of content management software in Japan. It primarily offers eBASE, an enterprise information exchange platform for product information and various content management software within the company. The company provides various food industry solutions, including food supermarkets, food wholesale, processed food manufacturers, restaurant, claim information management, food labeling countermeasure, i-Tre cooperative, transaction document management, and food traceability solutions. It also offers daily miscellaneous goods industry, residential industry, data pool, printing industry, and sales support solutions, as well as middleware. The company was founded in 2001 and is headquartered in Osaka, Japan.

Details
Name: eBase Co., Ltd.
3835
Exchange: TSE
Founded: 2001
¥36,285,137,952
45,988,768
Website: http://www.ebase.co.jp
Address: eBase Co., Ltd.
Commercial No. 2 Building,
2nd Floor,
Osaka,
531-0072,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 3835 Common Stock The Tokyo Stock Exchange JP JPY 26. Dec 2006
JASDAQ 3835 Common Stock TSE JASDAQ JP JPY 26. Dec 2006
Number of employees
Current staff
Staff numbers
438
eBase employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 17:09
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/02/05
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
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.