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TakanoLtd

DB:TDF
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TDF
DB
¥13B
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Takano Co.,Ltd. manufactures and sells office furniture, springs, exterior products, electronics-related products, and equipment for health and welfare in Japan. The last earnings update was 69 days ago. More info.


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TDF Share Price and Events
7 Day Returns
-3.3%
DB:TDF
1.5%
DE Commercial Services
1.8%
DE Market
1 Year Returns
-10.8%
DB:TDF
-8.1%
DE Commercial Services
-6%
DE Market
TDF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TakanoLtd (TDF) -3.3% -3.1% 0.6% -10.8% 31.4% 81.1%
DE Commercial Services 1.5% 2.8% 9.6% -8.1% 1.3% -41%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • TDF underperformed the Commercial Services industry which returned -8.1% over the past year.
  • TDF underperformed the Market in Germany which returned -6% over the past year.
Price Volatility
TDF
Industry
5yr Volatility vs Market
Related Companies

TDF Value

 Is TakanoLtd 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 TakanoLtd 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 TakanoLtd.

DB:TDF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 5.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:TDF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 30.86%) (1.47%))
0.827
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.827 * 5.96%)
5.16%

Discounted Cash Flow Calculation for DB:TDF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TakanoLtd 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.

DB:TDF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.16%)
2019 779.90 Est @ 2.55% 741.64
2020 794.36 Est @ 1.85% 718.33
2021 805.21 Est @ 1.37% 692.42
2022 813.46 Est @ 1.02% 665.20
2023 819.85 Est @ 0.79% 637.54
2024 824.92 Est @ 0.62% 610.01
2025 829.06 Est @ 0.5% 582.99
2026 832.53 Est @ 0.42% 556.71
2027 835.55 Est @ 0.36% 531.32
2028 838.23 Est @ 0.32% 506.88
Present value of next 10 years cash flows ¥6,243.04
DB:TDF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥838.23 × (1 + 0.23%) ÷ (5.16% – 0.23%)
¥17,038.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥17,038.29 ÷ (1 + 5.16%)10
¥10,303.03
DB:TDF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥6,243.04 + ¥10,303.03
¥16,546.07
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥16,546.07 / 15.20
¥1088.83
DB:TDF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TDF represents 0.00773x of TSE:7885
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00773x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,088.83 x 0.00773
€8.42
Value per share (EUR) From above. €8.42
Current discount Discount to share price of €6.44
= -1 x (€6.44 - €8.42) / €8.42
23.5%

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

Current Discount
Amount off the current price TakanoLtd is available for.
Intrinsic value
23%
Share price is €6.44 vs Future cash flow value of €8.42
Current Discount Checks
For TakanoLtd to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TakanoLtd's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • TakanoLtd'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 TakanoLtd's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TakanoLtd's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TDF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥69.16
TSE:7885 Share Price ** TSE (2019-04-18) in JPY ¥833
Europe Commercial Services Industry PE Ratio Median Figure of 105 Publicly-Listed Commercial Services Companies 16.64x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of TakanoLtd.

DB:TDF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7885 Share Price ÷ EPS (both in JPY)

= 833 ÷ 69.16

12.04x

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

  • TakanoLtd is good value based on earnings compared to the Europe Commercial Services industry average.
  • TakanoLtd is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does TakanoLtd's expected growth come at a high price?
Raw Data
DB:TDF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.04x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
24.4%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 54 Publicly-Listed Commercial Services Companies 1.39x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for TakanoLtd, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TakanoLtd's assets?
Raw Data
DB:TDF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,878.17
TSE:7885 Share Price * TSE (2019-04-18) in JPY ¥833
Germany Commercial Services Industry PB Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 2.03x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:TDF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7885 Share Price ÷ Book Value per Share (both in JPY)

= 833 ÷ 1,878.17

0.44x

* Primary Listing of TakanoLtd.

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

  • TakanoLtd is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess TakanoLtd'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. TakanoLtd has a total score of 4/6, 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.

TDF Future Performance

 How is TakanoLtd expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover TakanoLtd, future earnings growth has been estimated based on fundamentals.
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
24.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TakanoLtd expected to grow at an attractive rate?
  • TakanoLtd's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • TakanoLtd's earnings growth is expected to exceed the Germany market average.
  • Unable to compare TakanoLtd's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:TDF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TDF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 24.4%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 31.2%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:TDF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TDF Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:TDF Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 23,820 1,051
2018-09-30 23,299 1,118 1,027
2018-06-30 22,764 1,065
2018-03-31 21,696 1,271 885
2017-12-31 21,229 694
2017-09-30 21,785 2,603 813
2017-06-30 21,766 798
2017-03-31 21,897 2,947 845
2016-12-31 22,326 903
2016-09-30 21,393 1,000 824
2016-06-30 23,033 962
2016-03-31 21,381 -1,248 648

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TakanoLtd's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if TakanoLtd is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TDF 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 0 Analyst Estimates (S&P Global) See Below

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

DB:TDF Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:TDF Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 69.16
2018-09-30 67.58
2018-06-30 70.08
2018-03-31 58.24
2017-12-31 45.67
2017-09-30 53.50
2017-06-30 52.51
2017-03-31 55.61
2016-12-31 59.42
2016-09-30 54.22
2016-06-30 63.31
2016-03-31 42.64

*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 TakanoLtd will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TakanoLtd'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
TakanoLtd 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.

TDF Past Performance

  How has TakanoLtd 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 TakanoLtd's growth in the last year to its industry (Commercial Services).
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.
  • TakanoLtd has delivered over 20% year on year earnings growth in the past 5 years.
  • TakanoLtd's 1-year earnings growth exceeds its 5-year average (51.4% vs 38.4%)
  • TakanoLtd's earnings growth has exceeded the Europe Commercial Services industry average in the past year (51.4% vs 15.7%).
Earnings and Revenue History
TakanoLtd'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 TakanoLtd Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TDF Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 23,820.00 1,051.00 3,412.00 720.00
2018-09-30 23,299.00 1,027.00 3,325.00 790.00
2018-06-30 22,764.00 1,065.00 3,218.00 757.00
2018-03-31 21,696.00 885.00 3,069.00 772.00
2017-12-31 21,229.00 694.00 2,642.00 1,225.00
2017-09-30 21,785.00 813.00 2,717.00 980.00
2017-06-30 21,766.00 798.00 2,772.00 813.00
2017-03-31 21,897.00 845.00 2,901.00 611.00
2016-12-31 22,326.00 903.00 2,872.00 485.00
2016-09-30 21,393.00 824.00 2,850.00 485.00
2016-06-30 23,033.00 962.00 2,832.00 485.00
2016-03-31 21,381.00 648.00 2,760.00 485.00
2015-12-31 19,682.00 426.00 2,660.00 524.00
2015-09-30 19,292.00 389.00 2,606.00 524.00
2015-06-30 17,059.00 211.00 2,575.00 524.00
2015-03-31 18,378.00 339.00 2,569.00 524.00
2014-12-31 18,481.00 466.00 2,423.00 570.00
2014-09-30 17,834.00 272.00 2,411.00 570.00
2014-06-30 16,943.00 6.00 2,352.00 570.00
2014-03-31 15,503.00 -218.00 2,271.00 570.00
2013-12-31 14,344.00 -326.00 2,308.00 429.00
2013-09-30 14,921.00 -73.00 2,248.00 429.00
2013-06-30 15,674.00 93.00 2,234.00 429.00
2013-03-31 16,497.00 171.00 2,210.00 429.00
2012-12-31 16,035.00 8.00 2,299.00 316.00
2012-09-30 15,464.00 -187.00 2,174.00 316.00
2012-06-30 14,929.00 -268.00 2,083.00 316.00

*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.
  • TakanoLtd has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TakanoLtd used its assets less efficiently than the Europe Commercial Services industry average last year based on Return on Assets.
  • TakanoLtd has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TakanoLtd'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 Commercial Services 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.
TakanoLtd has a total score of 4/6, 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.

TDF Health

 How is TakanoLtd'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 TakanoLtd's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TakanoLtd is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TakanoLtd's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TakanoLtd'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 129.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

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

DB:TDF Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 28,541.00 186.00 10,278.00
2018-09-30 28,684.00 206.00 10,319.00
2018-06-30 28,457.00 226.00 11,097.00
2018-03-31 28,452.00 528.00 10,876.00
2017-12-31 27,902.00 266.00 11,297.00
2017-09-30 27,894.00 120.00 11,789.00
2017-06-30 27,713.00 130.00 11,430.00
2017-03-31 27,746.00 447.00 11,248.00
2016-12-31 27,155.00 22.00 10,526.00
2016-09-30 26,953.00 37.00 9,861.00
2016-06-30 26,729.00 52.00 9,965.00
2016-03-31 26,835.00 292.00 9,021.00
2015-12-31 26,570.00 92.00 9,638.00
2015-09-30 26,550.00 117.00 8,921.00
2015-06-30 26,330.00 142.00 9,976.00
2015-03-31 26,651.00 348.00 10,309.00
2014-12-31 26,167.00 149.00 9,627.00
2014-09-30 26,069.00 177.00 10,365.00
2014-06-30 25,896.00 204.00 10,706.00
2014-03-31 26,069.00 421.00 9,838.00
2013-12-31 25,680.00 259.00 10,922.00
2013-09-30 25,823.00 287.00 11,338.00
2013-06-30 25,916.00 314.00 12,277.00
2013-03-31 26,308.00 411.00 12,656.00
2012-12-31 25,839.00 369.00 13,120.00
2012-09-30 25,782.00 185.00 11,921.00
2012-06-30 25,787.00 200.00 11,226.00
  • TakanoLtd's level of debt (0.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1% vs 0.7% today).
  • Debt is well covered by operating cash flow (601.1%, greater than 20% of total debt).
  • TakanoLtd earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess TakanoLtd'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. TakanoLtd 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.

TDF Dividends

 What is TakanoLtd'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
1.92%
Current annual income from TakanoLtd dividends.
If you bought €2,000 of TakanoLtd shares you are expected to receive €38 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?
  • TakanoLtd's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • TakanoLtd's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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
DB:TDF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 3.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:TDF Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:TDF Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-06-28 16.000 1.764
2018-05-08 16.000 1.619
2018-02-02 14.000 1.480
2017-11-01 14.000 1.196
2017-06-29 14.000 1.189
2017-05-09 14.000 1.255
2017-02-10 10.000 1.007
2017-02-03 10.000 1.087
2016-11-04 10.000 1.233
2016-08-10 10.000 1.430
2016-08-05 10.000 1.526
2016-06-29 10.000 1.597
2016-05-09 10.000 1.615
2016-02-05 10.000 1.636
2015-08-05 10.000 1.443
2015-06-26 10.000 1.174
2015-05-08 10.000 1.263
2014-06-27 8.000 1.317
2014-05-09 8.000 1.464
2013-06-27 8.000 1.607
2013-05-10 8.000 1.752
2012-08-03 8.000 1.899
2012-06-28 8.000 1.896
2012-05-11 8.000 1.964
2012-02-03 8.000 1.770
2011-11-04 8.000 1.848
2011-08-05 8.000 1.646
2011-06-29 8.000 1.644
2011-05-09 8.000 1.708
2011-02-04 5.000 0.969
2010-06-29 5.000 1.131
2010-05-07 5.000 0.879
2009-06-26 5.000 0.938
2009-05-11 5.000 0.835
2009-04-23 7.000 1.227

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of TakanoLtd's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.9x 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 TakanoLtd's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 TakanoLtd afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TakanoLtd has a total score of 4/6, see the detailed checks below.


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

TDF Management

 What is the CEO of TakanoLtd'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
Jun Takano
AGE 69
CEO Bio

Mr. Jun Takano has been the President of Nikko Company since August 1990. Mr. Takano has been the President of Takano Co. Ltd. since June 1998 and Takano Machinery Co., Ltd. since April 1997. He serves as the Chief Executive Officer at Takano Co. Ltd. He is In-charge of General Management at Takano Co. Mr. Takano joined Takano Co., Ltd. in March 1974 and served as its Managing Director since September 1982 and Senior Managing Director since September 1985. Mr. Takano joined NHK Sales Co., Ltd. in April 1971. Mr. Takano has been a Representative Director of Nikko Company since August 1990. Mr. Takano has been a Representative Director of Takano Machinery Co., Ltd. since April 1997. Mr. Takano has been a Representative Director of Takano Co. Ltd. since June 1998 and previously served as its Director since August 1978.

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

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

11.8
Average Tenure
69.5
Average Age
  • The average tenure for the TakanoLtd management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jun Takano

TITLE
Chief Executive Officer
AGE
69

Tsutomu Takano

TITLE
Managing Director
AGE
67

Akio Ohara

TITLE
Managing Director and Director
AGE
70
TENURE
11.8 yrs

Akira Kotagiri

TITLE
Managing Director and Director
AGE
71
TENURE
12.8 yrs

Hisashi Shimojima

TITLE
Deputy Chief of Furniture & Health Care Unit
TENURE
7 yrs
Board of Directors Tenure

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

16.8
Average Tenure
69
Average Age
  • The average tenure for the TakanoLtd board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jun Takano

TITLE
Chief Executive Officer
AGE
69
TENURE
20.8 yrs

Tsutomu Takano

TITLE
Managing Director
AGE
67

Akio Ohara

TITLE
Managing Director and Director
AGE
70

Akira Kotagiri

TITLE
Managing Director and Director
AGE
71

Hisashi Shimojima

TITLE
Deputy Chief of Furniture & Health Care Unit

Akihiro Kuroda

TITLE
Non-Executive Director
AGE
69
TENURE
38.7 yrs

Kaoru Kurushima

TITLE
Director
AGE
62
TENURE
12.8 yrs

Shigeo Toeda

TITLE
Director
AGE
71

Toshiyuki Usui

TITLE
Director
AGE
64
TENURE
11.8 yrs

Yoji Hasegawa

TITLE
Outside Director
AGE
66
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess TakanoLtd'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. TakanoLtd 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.

TDF News

Simply Wall St News

TDF Company Info

Description

Takano Co.,Ltd. manufactures and sells office furniture, springs, exterior products, electronics-related products, and equipment for health and welfare in Japan. It provides office furniture, including swivel chairs and conference room chairs; medical and healthcare equipment, such as stretchers, wheelchairs, wheelchair cushions, walking aids, and others; and exterior products that consist of awnings, parasols, and multi-utility room products. The company also offers electromagnetic electrical components for various industrial equipment; spring and unit components, such as precision springs and spiral springs; inspection and measurement systems, such as LCD panel inspection systems, battery-related material inspection systems, and Web inspection systems; and UV laser machining and marking machines for high precision processing. In addition, it provides health foods; and sells and rents healthcare and caretaking equipment. The company was formerly known as Takano Factory Co.,Ltd and changed its name to Takano Co.,Ltd. in 1973. Takano Co.,Ltd. was founded in 1941 and is headquartered in Nagano, Japan.

Details
Name: Takano Co.,Ltd.
TDF
Exchange: DB
Founded: 1941
¥100,444,128
15,196,189
Website: http://www.takano-net.co.jp
Address: Takano Co.,Ltd.
137, Miyada-mura,
Kamiina-gun,
Nagano,
Nagano, 399-4301,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7885 Common Stock The Tokyo Stock Exchange JP JPY 25. Jul 1995
DB TDF Common Stock Deutsche Boerse AG DE EUR 25. Jul 1995
Number of employees
Current staff
Staff numbers
561
TakanoLtd employees.
Industry
Office Services and Supplies
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:39
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/05/08
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


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.