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Sumitomo Warehouse

TSE:9303
Snowflake Description

Acceptable track record second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9303
TSE
¥101B
Market Cap
  1. Home
  2. JP
  3. Transportation
Company description

The Sumitomo Warehouse Co., Ltd. provides integrated logistics services in Japan and internationally. The last earnings update was 59 days ago. More info.


Add to Portfolio Compare Print
  • Sumitomo Warehouse has significant price volatility in the past 3 months.
9303 Share Price and Events
7 Day Returns
8.7%
TSE:9303
4.9%
JP Infrastructure
5.1%
JP Market
1 Year Returns
-14.7%
TSE:9303
-18.5%
JP Infrastructure
-10.9%
JP Market
9303 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sumitomo Warehouse (9303) 8.7% 2.3% -20.5% -14.7% -5.6% -14.7%
JP Infrastructure 4.9% -0% -23.7% -18.5% -4.4% -32.5%
JP Market 5.1% 1.7% -17.6% -10.9% -3% -7.5%
1 Year Return vs Industry and Market
  • 9303 outperformed the Infrastructure industry which returned -18.5% over the past year.
  • 9303 underperformed the Market in Japan which returned -10.9% over the past year.
Price Volatility
9303
Industry
5yr Volatility vs Market

9303 Value

 Is Sumitomo Warehouse 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 Sumitomo Warehouse 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 Sumitomo Warehouse.

TSE:9303 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
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:9303
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year JP Govt Bond Rate -0.1%
Equity Risk Premium S&P Global 6.3%
Infrastructure Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.722 (1 + (1- 30.86%) (91.44%))
1.12
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.09% + (1.12 * 6.33%)
7%

Discounted Cash Flow Calculation for TSE:9303 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sumitomo Warehouse 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:9303 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 7%)
2020 -1,600.00 Analyst x1 -1,495.33
2021 3,072.67 Analyst x3 2,683.79
2022 4,869.67 Analyst x3 3,975.12
2023 6,288.30 Est @ 29.13% 4,797.35
2024 7,568.95 Est @ 20.37% 5,396.60
2025 8,645.92 Est @ 14.23% 5,761.20
2026 9,504.74 Est @ 9.93% 5,919.14
2027 10,163.06 Est @ 6.93% 5,915.07
2028 10,653.05 Est @ 4.82% 5,794.64
2029 11,009.71 Est @ 3.35% 5,596.87
Present value of next 10 years cash flows ¥44,344.00
TSE:9303 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ¥11,009.71 × (1 + -0.09%) ÷ (7% – -0.09%)
¥155,149.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥155,149.24 ÷ (1 + 7%)10
¥78,871.32
TSE:9303 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥44,344.00 + ¥78,871.32
¥123,215.32
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥123,215.32 / 84.14
¥1464.42
TSE:9303 Discount to Share Price
Calculation Result
Value per share (JPY) From above. ¥1,464.42
Current discount Discount to share price of ¥1,197.00
= -1 x (¥1,197.00 - ¥1,464.42) / ¥1,464.42
18.3%

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

Current Discount
Amount off the current price Sumitomo Warehouse is available for.
Intrinsic value
18%
Share price is ¥1197 vs Future cash flow value of ¥1464.42
Current Discount Checks
For Sumitomo Warehouse to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sumitomo Warehouse's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Sumitomo Warehouse's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sumitomo Warehouse's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sumitomo Warehouse's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSE:9303 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in JPY ¥115.37
TSE:9303 Share Price ** TSE (2020-04-09) in JPY ¥1197
Japan Infrastructure Industry PE Ratio Median Figure of 14 Publicly-Listed Infrastructure Companies 10.24x
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 Sumitomo Warehouse.

TSE:9303 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9303 Share Price ÷ EPS (both in JPY)

= 1197 ÷ 115.37

10.38x

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

  • Sumitomo Warehouse is overvalued based on earnings compared to the JP Infrastructure industry average.
  • Sumitomo Warehouse is good value based on earnings compared to the Japan market.
Price based on expected Growth
Does Sumitomo Warehouse's expected growth come at a high price?
Raw Data
TSE:9303 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
1.3%per year
Asia Infrastructure Industry PEG Ratio Median Figure of 50 Publicly-Listed Infrastructure Companies 1.16x
Japan Market PEG Ratio Median Figure of 1,281 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

TSE:9303 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.38x ÷ 1.3%

7.75x

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

  • Sumitomo Warehouse is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sumitomo Warehouse's assets?
Raw Data
TSE:9303 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in JPY ¥2,152.86
TSE:9303 Share Price * TSE (2020-04-09) in JPY ¥1197
Japan Infrastructure Industry PB Ratio Median Figure of 14 Publicly-Listed Infrastructure Companies 0.57x
Japan Market PB Ratio Median Figure of 3,578 Publicly-Listed Companies 0.86x
TSE:9303 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9303 Share Price ÷ Book Value per Share (both in JPY)

= 1197 ÷ 2,152.86

0.56x

* Primary Listing of Sumitomo Warehouse.

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

  • Sumitomo Warehouse is good value based on assets compared to the JP Infrastructure industry average.
X
Value checks
We assess Sumitomo Warehouse'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 Infrastructure 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 Infrastructure industry average (and greater than 0)? (1 check)
  5. Sumitomo Warehouse has a total score of 2/6, see the detailed checks below.

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

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

9303 Future Performance

 How is Sumitomo Warehouse expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sumitomo Warehouse expected to grow at an attractive rate?
  • Sumitomo Warehouse's earnings growth is expected to exceed the low risk savings rate of -0.1%.
Growth vs Market Checks
  • Sumitomo Warehouse's earnings growth is positive but not above the Japan market average.
  • Sumitomo Warehouse's revenue growth is positive but not above the Japan market average.
Annual Growth Rates Comparison
Raw Data
TSE:9303 Future Growth Rates Data Sources
Data Point Source Value (per year)
TSE:9303 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 1.3%
TSE:9303 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.6%
Asia Infrastructure Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
Asia Infrastructure Industry Revenue Growth Rate Market Cap Weighted Average 9.3%
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:9303 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSE:9303 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 201,850 17,752 9,325 4
2021-03-31 196,500 17,330 8,900 4
2020-04-09
2020-03-31 191,850 16,500 8,800 4
TSE:9303 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-12-31 190,263 14,782 9,821
2019-09-30 191,363 14,840 9,511
2019-06-30 189,197 13,284 7,179
2019-03-31 186,172 13,999 6,912
2018-12-31 184,431 14,864 5,663
2018-09-30 179,494 15,616 5,796
2018-06-30 177,122 16,539 8,131
2018-03-31 175,756 16,639 8,358
2017-12-31 176,317 14,725 8,482
2017-09-30 171,831 15,882 8,227
2017-06-30 166,878 16,203 7,880
2017-03-31 165,256 16,629 7,802

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sumitomo Warehouse's earnings are expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
  • Sumitomo Warehouse's revenue is expected to grow by 2.6% 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:9303 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 4 Analyst Estimates (S&P Global) See Below

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

TSE:9303 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 111.12 113.74 105.26 4.00
2021-03-31 105.79 107.40 102.92 4.00
2020-04-09
2020-03-31 104.41 105.36 103.20 4.00
TSE:9303 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-12-31 115.37
2019-09-30 111.06
2019-06-30 83.29
2019-03-31 79.79
2018-12-31 65.04
2018-09-30 66.43
2018-06-30 92.82
2018-03-31 94.83
2017-12-31 95.67
2017-09-30 92.24
2017-06-30 88.18
2017-03-31 87.31

*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.
  • Sumitomo Warehouse is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sumitomo Warehouse'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Sumitomo Warehouse has a total score of 1/6, 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.

9303 Past Performance

  How has Sumitomo Warehouse 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 Sumitomo Warehouse's growth in the last year to its industry (Infrastructure).
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.
  • Sumitomo Warehouse's year on year earnings growth rate has been positive over the past 5 years.
  • Sumitomo Warehouse's 1-year earnings growth exceeds its 5-year average (73.4% vs 1.8%)
  • Sumitomo Warehouse's earnings growth has exceeded the JP Infrastructure industry average in the past year (73.4% vs 12.3%).
Earnings and Revenue History
Sumitomo Warehouse'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 Sumitomo Warehouse Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSE:9303 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 190,263.00 9,821.00 9,932.00
2019-09-30 191,363.00 9,511.00 10,049.00
2019-06-30 189,197.00 7,179.00 9,942.00
2019-03-31 186,172.00 6,912.00 9,963.00
2018-12-31 184,431.00 5,663.00 9,726.00
2018-09-30 179,494.00 5,796.00 9,514.00
2018-06-30 177,122.00 8,131.00 9,532.00
2018-03-31 175,756.00 8,358.00 9,375.00
2017-12-31 176,317.00 8,482.00 9,621.00
2017-09-30 171,831.00 8,227.00 9,540.00
2017-06-30 166,878.00 7,880.00 9,319.00
2017-03-31 165,256.00 7,802.00 9,367.00
2016-12-31 161,307.00 7,755.00 9,166.00
2016-09-30 163,946.00 7,901.00 9,282.00
2016-06-30 170,350.00 8,355.00 9,496.00
2016-03-31 172,257.00 8,082.00 9,496.00
2015-12-31 177,424.00 7,650.00 9,557.00
2015-09-30 179,763.00 7,309.00 9,491.00
2015-06-30 176,830.00 7,295.00 9,363.00
2015-03-31 174,738.00 7,133.00 9,085.00
2014-12-31 171,628.00 6,859.00 8,773.00
2014-09-30 168,006.00 6,690.00 8,719.00
2014-06-30 166,487.00 6,168.00 8,537.00
2014-03-31 164,917.00 6,224.00 8,695.00
2013-12-31 162,382.00 6,141.00 8,879.00
2013-09-30 159,477.00 6,412.00 8,737.00
2013-06-30 156,939.00 6,407.00 8,622.00

*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.
  • Sumitomo Warehouse has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sumitomo Warehouse used its assets less efficiently than the JP Infrastructure industry average last year based on Return on Assets.
  • Sumitomo Warehouse's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Sumitomo Warehouse'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 Infrastructure 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.
Sumitomo Warehouse has a total score of 3/6, 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.

9303 Health

 How is Sumitomo Warehouse'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 Sumitomo Warehouse's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sumitomo Warehouse is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sumitomo Warehouse's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sumitomo Warehouse'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 not covered by short term assets, assets are 0.7x 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 Sumitomo Warehouse Company Filings, last reported 3 months ago.

TSE:9303 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 187,441.00 92,092.00 36,289.00
2019-09-30 187,130.00 91,498.00 39,867.00
2019-06-30 184,095.00 78,475.00 26,189.00
2019-03-31 187,474.00 72,313.00 28,176.00
2018-12-31 182,034.00 79,258.00 33,701.00
2018-09-30 191,007.00 79,245.00 38,374.00
2018-06-30 193,950.00 79,599.00 34,689.00
2018-03-31 193,592.00 86,748.00 45,905.00
2017-12-31 195,434.00 70,679.00 26,947.00
2017-09-30 185,812.00 65,899.00 25,309.00
2017-06-30 185,267.00 66,196.00 25,400.00
2017-03-31 178,834.00 72,360.00 30,933.00
2016-12-31 174,972.00 73,798.00 32,957.00
2016-09-30 163,923.00 75,161.00 32,138.00
2016-06-30 163,915.00 75,824.00 29,797.00
2016-03-31 169,449.00 78,690.00 36,798.00
2015-12-31 174,521.00 81,821.00 30,557.00
2015-09-30 170,040.00 68,240.00 20,849.00
2015-06-30 176,998.00 68,783.00 19,995.00
2015-03-31 171,501.00 72,786.00 26,861.00
2014-12-31 163,194.00 73,479.00 23,351.00
2014-09-30 156,934.00 73,522.00 21,941.00
2014-06-30 157,033.00 74,097.00 23,644.00
2014-03-31 154,034.00 79,253.00 30,582.00
2013-12-31 160,453.00 67,699.00 19,330.00
2013-09-30 153,668.00 67,871.00 24,454.00
2013-06-30 146,050.00 68,501.00 23,004.00
  • Sumitomo Warehouse's level of debt (49.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (45% vs 49.1% today).
  • Debt is not well covered by operating cash flow (16.1%, less than 20% of total debt).
  • Sumitomo Warehouse earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sumitomo Warehouse'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. Sumitomo Warehouse has a total score of 2/6, 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.

9303 Dividends

 What is Sumitomo Warehouse'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
3.01%
Current annual income from Sumitomo Warehouse dividends. Estimated to be 3.92% next year.
If you bought ¥2,000 of Sumitomo Warehouse shares you are expected to receive ¥60 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?
  • Sumitomo Warehouse's pays a higher dividend yield than the bottom 25% of dividend payers in Japan (1.7%).
  • Sumitomo Warehouse'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:9303 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 4 Analyst Estimates (S&P Global) See Below
Japan Infrastructure Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 2.1%
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:9303 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 47.25 4.00
2021-03-31 46.50 4.00
2020-04-09
2020-03-31 46.00 4.00
TSE:9303 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-11-12 36.000 2.619
2019-11-07 36.000 2.361
2019-06-20 36.000 2.548
2019-05-14 36.000 2.565
2019-02-13 30.000 2.121
2019-02-07 30.000 2.119
2018-11-06 30.000 2.156
2018-06-27 34.000 2.458
2018-05-11 34.000 2.399
2017-06-28 32.000 2.119
2017-05-12 32.000 2.233
2017-02-06 30.000 2.307
2016-11-08 28.000 2.347
2016-06-28 28.000 2.639
2016-05-12 28.000 2.598
2016-02-09 24.000 2.168
2016-02-04 24.000 2.025
2015-08-11 24.000 1.930
2015-08-05 24.000 1.779
2015-06-24 24.000 1.765
2015-05-12 24.000 1.728
2015-02-04 24.000 1.764
2014-08-05 24.000 1.987
2014-06-25 24.000 2.061
2014-05-13 24.000 2.271
2014-02-10 22.000 2.203
2014-02-05 22.000 2.194
2013-11-13 22.000 1.903
2013-11-11 22.000 1.964
2013-06-26 22.000 1.884
2013-05-10 22.000 1.947
2013-02-12 22.000 1.828
2013-02-06 22.000 2.308
2012-11-08 22.000 2.785
2012-11-05 22.000 3.216
2012-06-27 22.000 3.145
2012-05-10 22.000 3.185
2012-02-13 20.000 2.527
2012-02-09 20.000 2.688
2011-11-10 20.000 2.769
2011-11-07 20.000 2.846
2011-08-03 20.000 2.813
2011-06-29 20.000 2.651
2011-05-12 20.000 2.795
2011-02-10 20.000 2.491
2011-02-08 20.000 2.201
2010-11-10 20.000 2.305
2010-11-05 20.000 2.346
2010-06-29 20.000 2.403
2010-05-13 20.000 2.316
2010-02-12 20.000 2.440
2010-02-09 20.000 2.578
2009-11-09 20.000 2.470
2009-11-06 20.000 2.488
2009-05-11 20.000 2.455

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 Sumitomo Warehouse's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x 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 Sumitomo Warehouse'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 Sumitomo Warehouse afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sumitomo Warehouse 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.

9303 Management

 What is the CEO of Sumitomo Warehouse'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
Takanori Ono
AGE 66
TENURE AS CEO 4.8 years
CEO Bio

Takanori Ono has been the Chief Executive Officer and President at The Sumitomo Warehouse Co., Ltd. since June 2015. Takanori Ono served as a Managing Executive Officer at Sumitomo Warehouse Co., Ltd since June 2013 and served as its General Manager of Marketing Promotion Department & International Project Department. Takanori Ono served as General Manager of Marketing Promotion Department at Sumitomo Warehouse Co., Ltd. Takanori Ono has been a Representative Director The Sumitomo Warehouse Co., Ltd., since June 2013.

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

Average tenure and age of the Sumitomo Warehouse management team in years:

4.8
Average Tenure
67
Average Age
  • The tenure for the Sumitomo Warehouse management team is about average.
Management Team

Takanori Ono

TITLE
President
AGE
66
TENURE
4.8 yrs

Hiroyuki Ogawara

TITLE
Managing Executive Officer & Director
AGE
67
TENURE
8.8 yrs

Hiroshi Majima

TITLE
Senior Managing Executive Officer & Representative Director
AGE
67
TENURE
4.8 yrs

Jun Nomoto

TITLE
Managing Executive Officer & Director

Tadae Eguchi

TITLE
Managing Executive Officer
TENURE
1.3 yrs

Seiichi Fujimura

TITLE
Managing Executive Officer
Board of Directors Tenure

Average tenure and age of the Sumitomo Warehouse board of directors in years:

4.8
Average Tenure
67
Average Age
  • The tenure for the Sumitomo Warehouse board of directors is about average.
Board of Directors

Hiroyuki Ogawara

TITLE
Managing Executive Officer & Director
AGE
67
TENURE
4.8 yrs

Hiroshi Majima

TITLE
Senior Managing Executive Officer & Representative Director
AGE
67
TENURE
6.8 yrs

Jun Nomoto

TITLE
Managing Executive Officer & Director
TENURE
1.3 yrs

Yuki Kawachi

TITLE
Outside Director
AGE
79
TENURE
4.8 yrs

Takanori Ono

TITLE
President
AGE
66
TENURE
6.8 yrs

Shuji Yamaguchi

TITLE
Outside Director
AGE
63

Osamu Yabuki

TITLE
Corporate Auditor
AGE
68
TENURE
4.8 yrs

Mutsuo Mabuchi

TITLE
Part-Time Outside Corporate Auditor
AGE
73
TENURE
7.8 yrs

Kiyoshi Araki

TITLE
Part-Time Outside Corporate Auditor
AGE
70
TENURE
4.8 yrs

Masaaki Inoue

TITLE
Corporate Auditor
AGE
66
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 Sumitomo Warehouse'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. Sumitomo Warehouse 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.

9303 News

Simply Wall St News

9303 Company Info

Description

The Sumitomo Warehouse Co., Ltd. provides integrated logistics services in Japan and internationally. It offers logistics services, such as warehousing and merchandise processing for cargo; and transportation services, including small-lot mixed load transportation, chartered transportation, and container transportation. The company also provides document storage/trunk room services that collects and delivers documents, magnetic tapes, videotapes, fixtures, fittings, etc.; and develops Internet trunk room systems for inventory management, as well as provides services to handle safe deposit boxes, household effects, works of art, valuables, clothing, furs, etc. In addition, it offers harbor transportation services comprising container terminal and conventional ship operations; husbanding, documentation, and various other services as a ship agent; and marine transportation services. Further, the company develops, operates, and manages office and rental housing buildings, commercial buildings, distribution buildings, business hotels, and rental galleries, as well as provides real estate brokerage services; and operates as an indemnity insurance and air cargo agent. Additionally, it offers various information systems, such as SWIFT, an integrated distribution information system; and SWAN, a global logistics management system. The Sumitomo Warehouse Co., Ltd. was founded in 1899 and is headquartered in Osaka, Japan.

Details
Name: The Sumitomo Warehouse Co., Ltd.
9303
Exchange: TSE
Founded: 1899
¥100,715,120,352
84,139,616
Website: http://www.sumitomo-soko.co.jp
Address: The Sumitomo Warehouse Co., Ltd.
2-18 Nakanoshima 3-chome,
Kita-ku,
Osaka,
530-0005,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9303 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
Number of employees
Current staff
Staff numbers
4,176
Sumitomo Warehouse employees.
Industry
Marine Ports and Services
Transportation
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 16:22
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/02/28
Last earnings filing: 2020/02/10
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.