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Pioneer

DB:PIO
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PIO
DB
¥125B
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Pioneer Corporation, together with its subsidiaries, develops, manufactures, and sells electronic products in Japan, North America, Europe, China, and internationally. The last earnings update was 46 days ago. More info.


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PIO Share Price and Events
7 Day Returns
0%
DB:PIO
1.9%
DE Consumer Durables
0.6%
DE Market
1 Year Returns
-61.6%
DB:PIO
-9.8%
DE Consumer Durables
-8.5%
DE Market
PIO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Pioneer (PIO) 0% 2.2% 0% -61.6% -78.7% -66.9%
DE Consumer Durables 1.9% 5.2% 15.1% -9.8% 3.1% 12.5%
DE Market 0.6% -0.9% 7.8% -8.5% 8.5% 6.2%
1 Year Return vs Industry and Market
  • PIO underperformed the Consumer Durables industry which returned -9.8% over the past year.
  • PIO underperformed the Market in Germany which returned -8.5% over the past year.
Price Volatility
PIO
Industry
5yr Volatility vs Market
Related Companies

PIO Value

 Is Pioneer 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
  • It is not possible to calculate the future cash flow value for Pioneer. This is due to cash flow or dividend data being unavailable. The share price is €0.514.
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 Pioneer's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Pioneer's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PIO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥-32.53
TSE:6773 Share Price ** TSE (2019-03-26) in JPY ¥65
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 13.83x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.75x

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

** Primary Listing of Pioneer.

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

= TSE:6773 Share Price ÷ EPS (both in JPY)

= 65 ÷ -32.53

-2x

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

  • Pioneer is loss making, we can't compare its value to the DE Consumer Durables industry average.
  • Pioneer is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Pioneer's expected growth come at a high price?
Raw Data
DB:PIO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
45.1%per year
Europe Consumer Durables Industry PEG Ratio Median Figure of 59 Publicly-Listed Consumer Durables Companies 1.2x
Germany Market PEG Ratio Median Figure of 274 Publicly-Listed Companies 1.45x

*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 Pioneer, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Pioneer's assets?
Raw Data
DB:PIO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥190.82
TSE:6773 Share Price * TSE (2019-03-26) in JPY ¥65
Germany Consumer Durables Industry PB Ratio Median Figure of 10 Publicly-Listed Consumer Durables Companies 1.49x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.77x
DB:PIO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:6773 Share Price ÷ Book Value per Share (both in JPY)

= 65 ÷ 190.82

0.34x

* Primary Listing of Pioneer.

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

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

PIO Future Performance

 How is Pioneer 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
45.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Pioneer expected to grow at an attractive rate?
  • Unable to compare Pioneer's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Pioneer's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • Pioneer's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PIO Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PIO Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 45.1%
DB:PIO Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 0.8%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 16.7%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.5%

*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:PIO 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.
DB:PIO Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 355,100 -7,100 1
2019-03-31 344,200 21,610 -14,470 1
DB:PIO Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 355,401 12,940 -12,304
2018-09-30 360,175 13,050 -14,407
2018-06-30 365,909 11,401 -11,751
2018-03-31 365,417 15,943 -7,123
2017-12-31 368,751 11,947 -7,531
2017-09-30 372,455 15,580 -8,669
2017-06-30 374,672 22,511 -8,360
2017-03-31 386,682 19,614 -5,054
2016-12-31 398,976 29,555 -548
2016-09-30 417,432 33,707 3,691
2016-06-30 435,939 32,027 4,516
2016-03-31 449,630 19,292 731

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Pioneer is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Pioneer's revenue is expected to grow by 0.8% 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
DB:PIO 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 Pioneer Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PIO Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 -18.77 -18.77 -18.77 1.00
2019-03-31 -38.25 -38.25 -38.25 1.00
DB:PIO Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 -32.53
2018-09-30 -38.10
2018-06-30 -31.30
2018-03-31 -19.12
2017-12-31 -20.36
2017-09-30 -23.61
2017-06-30 -22.77
2017-03-31 -13.76
2016-12-31 -1.49
2016-09-30 10.05
2016-06-30 12.30
2016-03-31 1.99

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

PIO Past Performance

  How has Pioneer 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 Pioneer's growth in the last year to its industry (Consumer Durables).
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.
  • Pioneer does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Pioneer's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Pioneer's 1-year growth to the DE Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
Pioneer'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 Pioneer Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PIO Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 355,401.00 -12,304.00 53,749.00
2018-09-30 360,175.00 -14,407.00 54,787.00
2018-06-30 365,909.00 -11,751.00 55,165.00
2018-03-31 365,417.00 -7,123.00 55,455.00
2017-12-31 368,751.00 -7,531.00 64,043.00
2017-09-30 372,455.00 -8,669.00 63,917.00
2017-06-30 374,672.00 -8,360.00 63,859.00
2017-03-31 386,682.00 -5,054.00 65,018.00
2016-12-31 398,976.00 -548.00 51,585.00
2016-09-30 417,432.00 3,691.00 54,191.00
2016-06-30 435,939.00 4,516.00 55,562.00
2016-03-31 449,630.00 731.00 69,611.00
2015-12-31 468,771.00 17,620.00 74,931.00
2015-09-30 488,343.00 15,072.00 82,180.00
2015-06-30 497,362.00 14,207.00 87,274.00
2015-03-31 501,676.00 14,632.00 90,826.00
2014-12-31 507,785.00 2,493.00 92,395.00
2014-09-30 497,649.00 3,048.00 90,623.00
2014-06-30 502,128.00 8,518.00 88,355.00
2014-03-31 498,051.00 531.00 90,177.00
2013-12-31 485,380.00 -16,495.00 88,242.00
2013-09-30 463,594.00 -17,003.00 86,938.00
2013-06-30 449,668.00 -26,867.00 86,371.00
2013-03-31 451,841.00 -19,552.00 85,997.00
2012-12-31 450,283.00 487.00 80,417.00
2012-09-30 447,601.00 -5,335.00 79,177.00
2012-06-30 450,056.00 616.00 79,644.00

*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.
  • It is difficult to establish if Pioneer has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Pioneer has efficiently used its assets last year compared to the DE Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Pioneer improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Pioneer'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 Consumer Durables 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.
Pioneer has a total score of 0/6, 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.

PIO Health

 How is Pioneer'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 Pioneer's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Pioneer's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Pioneer's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Pioneer'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 2.6x 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 Pioneer Company Filings, last reported 3 months ago.

DB:PIO Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 76,771.00 50,267.00 26,937.00
2018-09-30 78,532.00 53,279.00 28,026.00
2018-06-30 79,281.00 50,311.00 29,097.00
2018-03-31 84,934.00 50,078.00 35,642.00
2017-12-31 87,688.00 51,761.00 37,831.00
2017-09-30 87,607.00 42,855.00 33,597.00
2017-06-30 86,422.00 39,391.00 38,050.00
2017-03-31 86,789.00 40,014.00 38,405.00
2016-12-31 88,374.00 40,435.00 45,138.00
2016-09-30 81,209.00 40,131.00 45,275.00
2016-06-30 82,680.00 34,759.00 42,572.00
2016-03-31 90,486.00 38,996.00 51,993.00
2015-12-31 103,671.00 44,282.00 47,427.00
2015-09-30 103,127.00 29,452.00 33,830.00
2015-06-30 106,292.00 34,219.00 37,005.00
2015-03-31 107,066.00 36,942.00 52,160.00
2014-12-31 87,248.00 77,208.00 44,797.00
2014-09-30 82,165.00 77,625.00 37,651.00
2014-06-30 76,024.00 86,814.00 34,317.00
2014-03-31 77,816.00 91,173.00 35,397.00
2013-12-31 92,852.00 94,818.00 38,315.00
2013-09-30 88,647.00 93,873.00 33,562.00
2013-06-30 84,696.00 96,521.00 35,786.00
2013-03-31 81,576.00 99,831.00 22,059.00
2012-12-31 85,050.00 96,749.00 29,956.00
2012-09-30 78,814.00 91,395.00 31,641.00
2012-06-30 80,777.00 88,626.00 31,902.00
  • Pioneer's level of debt (65.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (102.3% vs 65.5% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Pioneer has sufficient cash runway for 1.3 years based on current free cash flow.
  • Pioneer has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 31.5% each year.
X
Financial health checks
We assess Pioneer'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. Pioneer has a total score of 4/6, 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.

PIO Dividends

 What is Pioneer's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Pioneer dividends. Estimated to be 0% next year.
If you bought €2,000 of Pioneer shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Pioneer's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Pioneer's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:PIO 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
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany 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.

DB:PIO Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2020-03-31 0.00 1.00
2019-03-31 0.00 1.00
DB:PIO Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2010-02-12 0.000 0.000
2010-02-09 0.000 0.000
2009-09-08 0.000 0.000
2009-08-11 0.000 0.000
2009-08-06 0.000 0.000
2009-04-02 0.000 0.000

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

  • Unable to perform a dividend volatility check as Pioneer has not reported any payouts.
  • Unable to verify if Pioneer's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Pioneer's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Pioneer has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Pioneer's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Pioneer'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 Pioneer afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Pioneer has a total score of 0/6, see the detailed checks below.


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

PIO Management

 What is the CEO of Pioneer'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
Koichi Moriya
TENURE AS CEO 0.8 years
CEO Bio

Mr. Koichi Moriya serves as an President, CEO at Pioneer Corporation since June 27, 2018 and has been Representative Director at Pioneer Corporation since June 30, 2017.

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

Average tenure of the Pioneer management team in years:

1.8
Average Tenure
  • The average tenure for the Pioneer management team is less than 2 years, this suggests a new team.
Management Team

Koichi Moriya

TITLE
President
TENURE
0.8 yrs

Harumitsu Saito

TITLE
Senior Executive Officer & Director

Kunio Kawashiri

TITLE
Senior Executive Officer & Director

Masao Kase

TITLE
Senior Executive Officer
AGE
73

Satoshi Ohdate

TITLE
Senior Executive Officer & Director

Minoru Maruyama

TITLE
Executive Officer

Naoto Takashima

TITLE
Executive Officer

Mitsumasa Kato

TITLE
Executive Officer & Director
TENURE
2 yrs

Gregory Pierson

TITLE
Executive Officer
AGE
59
TENURE
1.8 yrs

Steven Moerner

TITLE
Executive Officer
TENURE
1.8 yrs
Board of Directors Tenure

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

1.8
Average Tenure
68
Average Age
  • The average tenure for the Pioneer board of directors is less than 3 years, this suggests a new board.
Board of Directors

Susumu Kotani

TITLE
Chairman of the Board
AGE
68
TENURE
0.8 yrs

Koichi Moriya

TITLE
President
TENURE
1.8 yrs

Harumitsu Saito

TITLE
Senior Executive Officer & Director
TENURE
1.8 yrs

Kunio Kawashiri

TITLE
Senior Executive Officer & Director

Satoshi Ohdate

TITLE
Senior Executive Officer & Director
TENURE
1.8 yrs

Mitsumasa Kato

TITLE
Executive Officer & Director

Shunichi Sato

TITLE
Independent Director
AGE
77

Masahiro Tanizeki

TITLE
Independent Director

Keiichi Nishikido

TITLE
Independent Audit & Supervisory Board Member
AGE
65

Hiroyuki Wakamatsu

TITLE
Independent Audit & Supervisory Board Member
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 Pioneer'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. Pioneer 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.

PIO News

Simply Wall St News

PIO Company Info

Description

Pioneer Corporation, together with its subsidiaries, develops, manufactures, and sells electronic products in Japan, North America, Europe, China, and internationally. It operates through two segments, Car Electronics and Others. The company offers car navigation systems, car stereos, car audio-visual (AV) systems, car speakers, map software, network systems, apps for smartphones, and three dimension-LiDAR systems. It also provides optical disc drive-related products, equipment for cable-TV systems, factory automation systems, electronic devices and parts, organic light-emitting diode displays, and home AV and other products, as well as engages in the subcontracted manufacture and sale of DJ equipment. In addition, the company offers speaker devices; BD and DVD drives for PCs; and bicycle-related products, including pedaling monitor systems, as well as Potter Navi, a cycling navigation system. It sells its products to customers in the consumer and commercial markets through its sales offices, as well as through sales subsidiaries and independent distributors under the Pioneer brand. The company was formerly known as Pioneer Electronic Corporation and changed its name to Pioneer Corporation in June 1999. Pioneer Corporation was founded in 1938 and is headquartered in Kawasaki, Japan.

Details
Name: Pioneer Corporation
PIO
Exchange: DB
Founded: 1938
¥999,313,413
1,918,307,920
Website: http://global.pioneer
Address: Pioneer Corporation
28-8, Honkomagome 2-chome,
Bunkyo-ku,
Kawasaki,
Kanagawa, 113-0021,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 6773 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK PNCO.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB PIO Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
OTCPK PNCO.Y ADR Pink Sheets LLC US USD 23. Oct 2008
Number of employees
Current staff
Staff numbers
16,798
Pioneer employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/01 21:00
End of day share price update: 2019/03/26 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2019/02/14
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.