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I-O Data Device

TSE:6916
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
6916
TSE
¥10B
Market Cap
  1. Home
  2. JP
  3. Tech
Company description

I-O Data Device, Inc., together with its subsidiaries, provides digital equipment and peripherals in Japan. The last earnings update was 51 days ago. More info.


Add to Portfolio Compare Print
  • I-O Data Device has significant price volatility in the past 3 months.
6916 Share Price and Events
7 Day Returns
-10.4%
TSE:6916
-3.7%
JP Tech
-8.9%
JP Market
1 Year Returns
-37.8%
TSE:6916
-25.1%
JP Tech
-17.9%
JP Market
6916 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
I-O Data Device (6916) -10.4% -8.3% -30.6% -37.8% -26.9% 14.9%
JP Tech -3.7% -13.5% -21% -25.1% -21.7% -34.1%
JP Market -8.9% -12.1% -22.9% -17.9% -10.5% -14%
1 Year Return vs Industry and Market
  • 6916 underperformed the Tech industry which returned -25.1% over the past year.
  • 6916 underperformed the Market in Japan which returned -17.9% over the past year.
Price Volatility
6916
Industry
5yr Volatility vs Market

6916 Value

 Is I-O Data Device 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 I-O Data Device 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 I-O Data Device.

TSE:6916 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 7.6%
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:6916
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.18
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.182 (1 + (1- 30.86%) (17.38%))
1.217
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.217 * 6.33%)
7.61%

Discounted Cash Flow Calculation for TSE:6916 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for I-O Data Device 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:6916 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7.61%)
2020 1,693.59 Est @ 62.81% 1,573.76
2021 2,437.73 Est @ 43.94% 2,104.98
2022 3,186.85 Est @ 30.73% 2,557.14
2023 3,871.51 Est @ 21.48% 2,886.72
2024 4,452.70 Est @ 15.01% 3,085.16
2025 4,919.40 Est @ 10.48% 3,167.36
2026 5,279.00 Est @ 7.31% 3,158.41
2027 5,547.70 Est @ 5.09% 3,084.33
2028 5,743.87 Est @ 3.54% 2,967.45
2029 5,884.49 Est @ 2.45% 2,825.00
Present value of next 10 years cash flows ¥27,410.00
TSE:6916 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥5,884.49 × (1 + -0.09%) ÷ (7.61% – -0.09%)
¥76,312.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥76,312.85 ÷ (1 + 7.61%)10
¥36,635.94
TSE:6916 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥27,410.00 + ¥36,635.94
¥64,045.94
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥64,045.94 / 13.23
¥4840.29
TSE:6916 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥4,840.29
Current discount Discount to share price of ¥747.00
= -1 x (¥747.00 - ¥4,840.29) / ¥4,840.29
84.6%

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

Current Discount
Amount off the current price I-O Data Device is available for.
Intrinsic value
>50%
Share price is ¥747 vs Future cash flow value of ¥4840.29
Current Discount Checks
For I-O Data Device to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • I-O Data Device's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • I-O Data Device'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 I-O Data Device's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are I-O Data Device's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:6916 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥150.92
TSE:6916 Share Price ** TSE (2020-04-03) in JPY ¥747
Japan Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.24x
Japan Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 11.52x

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

** Primary Listing of I-O Data Device.

TSE:6916 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:6916 Share Price ÷ EPS (both in JPY)

= 747 ÷ 150.92

4.95x

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

  • I-O Data Device is good value based on earnings compared to the JP Tech industry average.
  • I-O Data Device is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does I-O Data Device's expected growth come at a high price?
Raw Data
TSE:6916 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-14.1%per year
Japan Tech Industry PEG Ratio Median Figure of 16 Publicly-Listed Tech Companies 1.09x
Japan Market PEG Ratio Median Figure of 1,282 Publicly-Listed Companies 1.26x

*Line of best fit is calculated by linear regression .

TSE:6916 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.95x ÷ -14.1%

-0.35x

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

  • I-O Data Device earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on I-O Data Device's assets?
Raw Data
TSE:6916 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,044.89
TSE:6916 Share Price * TSE (2020-04-03) in JPY ¥747
Japan Tech Industry PB Ratio Median Figure of 27 Publicly-Listed Tech Companies 0.72x
Japan Market PB Ratio Median Figure of 3,576 Publicly-Listed Companies 0.8x
TSE:6916 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6916 Share Price ÷ Book Value per Share (both in JPY)

= 747 ÷ 2,044.89

0.37x

* Primary Listing of I-O Data Device.

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

  • I-O Data Device is good value based on assets compared to the JP Tech industry average.
X
Value checks
We assess I-O Data Device'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. I-O Data Device has a total score of 5/6, 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.

6916 Future Performance

 How is I-O Data Device 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
-14.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is I-O Data Device expected to grow at an attractive rate?
  • I-O Data Device's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.1%.
Growth vs Market Checks
  • I-O Data Device's earnings are expected to decrease over the next 1-3 years, this is below the Japan market average.
  • I-O Data Device's revenues are expected to decrease over the next 1-3 years, this is below the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:6916 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:6916 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -14.1%
TSE:6916 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -0.2%
Japan Tech Industry Earnings Growth Rate Market Cap Weighted Average 8%
Japan Tech Industry Revenue Growth Rate Market Cap Weighted Average 1.7%
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:6916 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:6916 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 58,000 1,400 1
2021-06-30 57,500 1,350 1
2020-06-30 58,000 1,600 1
TSE:6916 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 58,208 2,659 2,005
2019-09-30 59,979 2,181
2019-06-30 59,223 305 2,085
2019-03-31 58,411 1,978
2018-12-31 58,395 318 2,160
2018-09-30 56,696 2,197
2018-06-30 55,441 2,644 2,066
2018-03-31 54,248 1,681
2017-12-31 52,310 552 1,606
2017-09-30 49,784 1,653
2017-06-30 48,461 376 1,800
2017-03-31 47,248 1,772

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • I-O Data Device's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • I-O Data Device's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:6916 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 I-O Data Device Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:6916 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 105.80 105.80 105.80 1.00
2021-06-30 102.00 102.00 102.00 1.00
2020-06-30 120.90 120.90 120.90 1.00
TSE:6916 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 150.92
2019-09-30 162.94
2019-06-30 154.62
2019-03-31 145.61
2018-12-31 158.47
2018-09-30 161.20
2018-06-30 153.43
2018-03-31 126.81
2017-12-31 123.09
2017-09-30 128.75
2017-06-30 140.70
2017-03-31 138.51

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

6916 Past Performance

  How has I-O Data Device 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 I-O Data Device's growth in the last year to its industry (Tech).
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.
  • I-O Data Device's year on year earnings growth rate has been positive over the past 5 years.
  • I-O Data Device's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • I-O Data Device's 1-year earnings growth is negative, it can't be compared to the JP Tech industry average.
Earnings and Revenue History
I-O Data Device'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 I-O Data Device Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:6916 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 58,208.00 2,005.00 8,882.00
2019-09-30 59,979.00 2,181.00 8,723.00
2019-06-30 59,223.00 2,085.00 8,559.00
2019-03-31 58,411.00 1,978.00 8,457.00
2018-12-31 58,395.00 2,160.00 8,214.00
2018-09-30 56,696.00 2,197.00 7,989.00
2018-06-30 55,441.00 2,066.00 7,741.00
2018-03-31 54,248.00 1,681.00 7,575.00
2017-12-31 52,310.00 1,606.00 7,358.00
2017-09-30 49,784.00 1,653.00 7,363.00
2017-06-30 48,461.00 1,800.00 7,407.00
2017-03-31 47,248.00 1,772.00 7,383.00
2016-12-31 46,629.00 1,464.00 7,507.00
2016-09-30 46,198.00 1,259.00 7,134.00
2016-06-30 44,946.00 849.00 6,781.00
2016-03-31 43,942.00 813.00 6,529.00
2015-12-31 42,212.00 754.00 6,193.00
2015-09-30 41,232.00 650.00 6,153.00
2015-06-30 41,177.00 883.00 6,189.00
2015-03-31 41,745.00 1,026.00 5,199.00 857.00
2014-12-31 45,191.00 1,546.00 5,342.00 857.00
2014-09-30 46,721.00 2,049.00 5,305.00 857.00
2014-06-30 46,228.00 2,008.00 5,160.00 857.00
2014-03-31 45,303.00 2,012.00 4,971.00 835.00
2013-12-31 40,885.00 1,510.00 4,730.00 835.00
2013-09-30 37,899.00 1,351.00 4,580.00 835.00
2013-06-30 36,671.00 -356.00 4,636.00 835.00

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

6916 Health

 How is I-O Data Device'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 I-O Data Device's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • I-O Data Device is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • I-O Data Device's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of I-O Data Device'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 18.5x 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 I-O Data Device Company Filings, last reported 3 months ago.

TSE:6916 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 27,223.00 1,718.00 6,255.00
2019-09-30 26,731.00 1,812.00 5,869.00
2019-06-30 26,553.00 2,406.00 7,502.00
2019-03-31 26,008.00 3,500.00 6,067.00
2018-12-31 25,981.00 1,499.00 5,712.00
2018-09-30 25,867.00 2,099.00 7,285.00
2018-06-30 25,674.00 1,499.00 9,114.00
2018-03-31 24,751.00 1,500.00 8,296.00
2017-12-31 24,506.00 50.00 6,139.00
2017-09-30 24,009.00 200.00 5,422.00
2017-06-30 23,024.00 0.00 5,874.00
2017-03-31 22,733.00 0.00 5,163.00
2016-12-31 22,392.00 0.00 6,030.00
2016-09-30 20,618.00 0.00 5,755.00
2016-06-30 20,386.00 0.00 6,323.00
2016-03-31 20,768.00 500.00 5,225.00
2015-12-31 21,080.00 0.00 5,478.00
2015-09-30 20,899.00 500.00 4,942.00
2015-06-30 21,507.00 500.00 4,824.00
2015-03-31 21,360.00 2,000.00 5,337.00
2014-12-31 21,459.00 1,500.00 4,000.00
2014-09-30 20,355.00 2,000.00 4,938.00
2014-06-30 19,678.00 2,000.00 6,228.00
2014-03-31 19,550.00 4,000.00 5,412.00
2013-12-31 19,447.00 3,000.00 4,493.00
2013-09-30 18,362.00 500.00 3,742.00
2013-06-30 18,280.00 0.00 4,794.00
  • I-O Data Device's level of debt (6.3%) 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 (7% vs 6.3% today).
  • Debt is well covered by operating cash flow (154.8%, greater than 20% of total debt).
  • I-O Data Device earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess I-O Data Device'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. I-O Data Device 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.

6916 Dividends

 What is I-O Data Device'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
3.35%
Current annual income from I-O Data Device dividends. Estimated to be 3.35% next year.
If you bought ¥2,000 of I-O Data Device shares you are expected to receive ¥67 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?
  • I-O Data Device's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.81%).
  • I-O Data Device's dividend is below the markets top 25% of dividend payers in Japan (4.2%).
Upcoming dividend payment

Purchase I-O Data Device before the 'Ex-dividend' to receive their next dividend payment.

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

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSE:6916 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 Tech Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 4.4%
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:6916 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 25.00 1.00
2021-06-30 25.00 1.00
2020-06-30 25.00 1.00
TSE:6916 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-09-26 25.000 2.695
2019-08-08 25.000 2.843
2018-09-27 25.000 2.229
2018-08-09 25.000 2.006
2018-05-10 25.000 2.062
2017-09-27 20.000 1.821
2017-08-09 20.000 1.800
2016-09-28 15.000 1.276
2016-08-10 15.000 1.701
2015-09-28 10.000 1.675
2015-08-11 10.000 1.771
2014-09-26 13.000 1.990
2014-08-12 13.000 1.933
2014-05-13 13.000 1.750
2013-11-12 10.000 1.567
2013-08-08 10.000 2.166
2012-09-27 5.000 1.607
2012-08-09 5.000 1.745
2012-05-10 5.000 1.558
2011-11-09 5.000 1.438
2011-09-29 5.000 1.570
2011-08-11 5.000 1.535
2011-05-12 7.000 1.876
2011-02-09 7.000 1.841
2010-11-10 7.000 1.856
2010-09-29 7.000 1.903
2010-08-11 7.000 1.755
2010-05-12 5.000 1.112
2010-02-10 5.000 1.031
2009-09-28 5.000 1.182
2009-08-11 5.000 1.058

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of I-O Data Device's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess I-O Data Device'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 I-O Data Device afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. I-O Data Device has a total score of 3/6, see the detailed checks below.


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

6916 Management

 What is the CEO of I-O Data Device'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
Naonori Hamada
AGE 54
CEO Bio

Mr. Naonori Hamada serves as the President and Representative Director at I-O Data Device, Inc. He served as the Business Strategy General Manager and Head of Sales at I-O Data Device, Inc. in July 2015 and served as its Executive Officer since July 2007. Mr. Hamada served as Managing Director at I-O Data Device, Inc.

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

Naonori Hamada

TITLE
President & Representative Director
AGE
54

Hiroki Kato

TITLE
Head of Finance
AGE
52
TENURE
3.9 yrs

Nobuo Ikeda

TITLE
Senior MD & Executive Director
AGE
70
Board of Directors

Akio Hosono

TITLE
Chairman & Representative Director
AGE
75

Naonori Hamada

TITLE
President & Representative Director
AGE
54

Hiroki Kato

TITLE
Head of Finance
AGE
52

Nobuo Ikeda

TITLE
Senior MD & Executive Director
AGE
70

Yoshihiro Nitta

TITLE
Outside Director
AGE
73

Tsutomu Maruyama

TITLE
Outside Director
AGE
74

Masakatsu Ikeda

TITLE
Standing Statutory Auditor
AGE
61

Koichi Matsuki

TITLE
Outside Statutory Auditor
AGE
72

Kazuya Nakamura

TITLE
Outside Corporate Auditor
AGE
60

Satoru Nagahara

TITLE
Outside Corporate Auditor
AGE
51
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 I-O Data Device'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. I-O Data Device 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.

6916 News

Simply Wall St News

6916 Company Info

Description

I-O Data Device, Inc., together with its subsidiaries, provides digital equipment and peripherals in Japan. It offers liquid crystal display products; hard disk drives; and optical disk drives. The company also provides network camera, projector, video equipment/tuner, speaker, headphone/ earphone, gaming headset, USB audio interface, sound card, and other products. It also offers chemical media and LED bulbs; desktop memory, notebook PC/ slim desktop memory, memory cards and USB memory devices; and network devices, such as wireless and wired LAN devices and NAS. In addition, the company provides palm-sized computer, keyboard/mouse, microcomputer and option module, and signage related items; LTE router/modem; built-in SSD, external SSD, and SSD accessories; audio server; blu-ray and DVD drive, CD recorder, and archive drive; portable SSD, and external and portable HDD; and smartphone and tablet related products. The company was founded in 1976 and is headquartered in Kanazawa, Japan.

Details
Name: I-O Data Device, Inc.
6916
Exchange: TSE
Founded: 1976
¥9,884,182,986
13,231,838
Website: http://www.iodata.jp
Address: I-O Data Device, Inc.
3-10 Sakurada-machi,
Kanazawa,
Ishikawa, 920-8512,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6916 Common Shares The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
527
I-O Data Device employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 16:32
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/02/26
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


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.