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DYNAM JAPAN HOLDINGS

DB:2DJ
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2DJ
DB
HK$8B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

DYNAM JAPAN HOLDINGS Co., Ltd., through its subsidiaries, operates and manages a chain of pachinko halls in Japan. The last earnings update was 18 days ago. More info.


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2DJ Share Price and Events
7 Day Returns
2.6%
DB:2DJ
0.1%
DE Hospitality
-3.6%
DE Market
1 Year Returns
1.8%
DB:2DJ
-52.1%
DE Hospitality
-11.8%
DE Market
2DJ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DYNAM JAPAN HOLDINGS (2DJ) 2.6% -0.5% 0.1% 1.8% -7% -48.7%
DE Hospitality 0.1% -9.6% -10.1% -52.1% -29% -25.2%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • 2DJ outperformed the Hospitality industry which returned -52.1% over the past year.
  • 2DJ outperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
2DJ
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for DYNAM JAPAN HOLDINGS's competitors could be found in our database.

2DJ Value

 Is DYNAM JAPAN HOLDINGS 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 DYNAM JAPAN HOLDINGS 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 DYNAM JAPAN HOLDINGS.

DB:2DJ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
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:2DJ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 30.86%) (2.96%))
0.959
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.959 * 5.96%)
5.95%

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

The calculations below outline how an intrinsic value for DYNAM JAPAN HOLDINGS 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:2DJ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 5.95%)
2019 19,942.45 Est @ 0.8% 18,823.17
2020 20,068.15 Est @ 0.63% 17,878.70
2021 20,170.43 Est @ 0.51% 16,961.26
2022 20,256.18 Est @ 0.43% 16,077.36
2023 20,330.32 Est @ 0.37% 15,230.55
2024 20,396.31 Est @ 0.32% 14,422.39
2025 20,456.60 Est @ 0.3% 13,653.17
2026 20,512.93 Est @ 0.28% 12,922.37
2027 20,566.49 Est @ 0.26% 12,228.94
2028 20,618.16 Est @ 0.25% 11,571.58
Present value of next 10 years cash flows ¥149,769.51
DB:2DJ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥20,618.16 × (1 + 0.23%) ÷ (5.95% – 0.23%)
¥361,387.98
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥361,387.98 ÷ (1 + 5.95%)10
¥202,822.77
DB:2DJ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥149,769.51 + ¥202,822.77
¥352,592.28
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥352,592.28 / 765.99
¥4087.93
DB:2DJ Discount to Share Price
Calculation Result
Exchange Rate JPY/HKD
(Reporting currency to currency of SEHK:6889)
0.072
Value per Share
(HKD)
= Value per Share in JPY x Exchange Rate (JPY/HKD)
= ¥460.31 x 0.072
HK$33.24
Non-primary Listing Adjustment Factor 1 share in DB:2DJ represents 0.1126x of SEHK:6889
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.1126x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 33.24 x 0.1126
€3.74
Value per share (EUR) From above. €3.74
Current discount Discount to share price of €1.15
= -1 x (€1.15 - €3.74) / €3.74
69.3%

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

Current Discount
Amount off the current price DYNAM JAPAN HOLDINGS is available for.
Intrinsic value
>50%
Share price is €1.15 vs Future cash flow value of €3.74
Current Discount Checks
For DYNAM JAPAN HOLDINGS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DYNAM JAPAN HOLDINGS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • DYNAM JAPAN HOLDINGS's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for DYNAM JAPAN HOLDINGS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DYNAM JAPAN HOLDINGS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2DJ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥16.44
SEHK:6889 Share Price ** SEHK (2019-06-14) in HKD HK$10.22
SEHK:6889 Share Price converted to JPY reporting currency Exchange rate (HKD/ JPY) 13.847 ¥141.52
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of DYNAM JAPAN HOLDINGS.

DB:2DJ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:6889 Share Price ÷ EPS (both in JPY)

= 141.52 ÷ 16.44

8.61x

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

  • DYNAM JAPAN HOLDINGS is good value based on earnings compared to the DE Hospitality industry average.
  • DYNAM JAPAN HOLDINGS is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does DYNAM JAPAN HOLDINGS's expected growth come at a high price?
Raw Data
DB:2DJ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*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 DYNAM JAPAN HOLDINGS, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on DYNAM JAPAN HOLDINGS's assets?
Raw Data
DB:2DJ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥185.15
SEHK:6889 Share Price * SEHK (2019-06-14) in HKD HK$10.22
SEHK:6889 Share Price converted to JPY reporting currency Exchange rate (HKD/ JPY) 13.847 ¥141.52
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:2DJ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:6889 Share Price ÷ Book Value per Share (both in JPY)

= 141.52 ÷ 185.15

0.76x

* Primary Listing of DYNAM JAPAN HOLDINGS.

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

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

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

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

2DJ Future Performance

 How is DYNAM JAPAN HOLDINGS 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
-102.5%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is DYNAM JAPAN HOLDINGS expected to grow at an attractive rate?
  • DYNAM JAPAN HOLDINGS's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • DYNAM JAPAN HOLDINGS's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • DYNAM JAPAN HOLDINGS's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:2DJ Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:2DJ Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -102.5%
DB:2DJ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -3.4%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 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:2DJ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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:2DJ Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 136,821 1
2020-03-31 142,372 10,500 1
DB:2DJ Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 146,371 27,493 12,596
2018-12-31 147,418 28,567 13,188
2018-09-30 148,464 29,641 13,780
2018-06-30 150,278 28,615 12,325
2018-03-31 152,092 27,588 10,870
2017-12-31 153,182 26,557 10,900
2017-09-30 154,272 25,525 10,930
2017-06-30 155,571 26,057 10,145
2017-03-31 156,869 26,588 9,360
2016-12-31 158,373 26,269 9,490
2016-09-30 159,876 25,949 9,620
2016-06-30 157,894 25,021 10,082

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • DYNAM JAPAN HOLDINGS's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • DYNAM JAPAN HOLDINGS's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2DJ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from DYNAM JAPAN HOLDINGS Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2DJ Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 -0.40 -0.40 -0.40 1.00
2020-03-31 7.80 7.80 7.80 1.00
DB:2DJ Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 16.44
2018-12-31 17.22
2018-09-30 17.99
2018-06-30 16.09
2018-03-31 14.19
2017-12-31 14.23
2017-09-30 14.27
2017-06-30 13.25
2017-03-31 12.23
2016-12-31 12.37
2016-09-30 12.52
2016-06-30 13.22

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

2DJ Past Performance

  How has DYNAM JAPAN HOLDINGS 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 DYNAM JAPAN HOLDINGS's growth in the last year to its industry (Hospitality).
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.
  • DYNAM JAPAN HOLDINGS's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • DYNAM JAPAN HOLDINGS's 1-year earnings growth exceeds its 5-year average (15.9% vs -8.6%)
  • DYNAM JAPAN HOLDINGS's earnings growth has exceeded the DE Hospitality industry average in the past year (15.9% vs -2.6%).
Earnings and Revenue History
DYNAM JAPAN HOLDINGS'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 DYNAM JAPAN HOLDINGS Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2DJ Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 146,371.00 12,596.00 21,915.00
2018-12-31 147,417.50 13,188.00 22,213.00
2018-09-30 148,464.00 13,780.00 22,511.00
2018-06-30 150,278.00 12,325.00 22,820.50
2018-03-31 152,092.00 10,870.00 23,130.00
2017-12-31 153,182.00 10,900.00 23,403.50
2017-09-30 154,272.00 10,930.00 23,677.00
2017-06-30 155,570.50 10,145.00 23,939.50
2017-03-31 156,869.00 9,360.00 24,202.00
2016-12-31 158,372.50 9,490.00 24,084.00
2016-09-30 159,876.00 9,620.00 23,966.00
2016-06-30 157,893.50 10,082.00 23,475.50
2016-03-31 155,911.00 10,544.00 22,985.00
2015-12-31 152,814.00 8,795.50 22,875.50
2015-09-30 149,717.00 7,047.00 22,766.00
2015-06-30 152,136.50 9,175.00 22,158.00
2015-03-31 154,556.00 11,303.00 21,550.00
2014-12-31 159,416.50 15,641.50 20,855.50
2014-09-30 164,277.00 19,980.00 20,161.00
2014-06-30 165,015.50 20,617.50 19,696.00
2014-03-31 165,754.00 21,255.00 19,231.00
2013-12-31 165,111.50 21,585.50 18,505.00
2013-09-30 164,469.00 21,916.00 17,779.00
2013-06-30 164,419.50 21,420.50 18,138.50
2013-03-31 164,370.00 20,925.00 18,498.00
2012-12-31 165,606.00 19,342.50 18,823.50
2012-09-30 166,842.00 17,760.00 19,149.00
2012-06-30 165,960.00 16,829.00 18,667.00

*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.
  • DYNAM JAPAN HOLDINGS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DYNAM JAPAN HOLDINGS used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • DYNAM JAPAN HOLDINGS has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess DYNAM JAPAN HOLDINGS'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 Hospitality 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.
DYNAM JAPAN HOLDINGS 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.

2DJ Health

 How is DYNAM JAPAN HOLDINGS'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 DYNAM JAPAN HOLDINGS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DYNAM JAPAN HOLDINGS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DYNAM JAPAN HOLDINGS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of DYNAM JAPAN HOLDINGS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 18.7x 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 DYNAM JAPAN HOLDINGS Company Filings, last reported 2 months ago.

DB:2DJ Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 141,800.00 3,206.00 47,537.00
2018-12-31 141,800.00 3,206.00 47,537.00
2018-09-30 142,268.00 5,598.00 44,921.00
2018-06-30 142,268.00 5,598.00 44,921.00
2018-03-31 137,515.00 9,154.00 40,533.00
2017-12-31 137,515.00 9,154.00 40,533.00
2017-09-30 137,458.00 15,318.00 39,030.00
2017-06-30 137,458.00 15,318.00 39,030.00
2017-03-31 136,881.00 30,926.00 48,499.00
2016-12-31 136,881.00 30,926.00 48,499.00
2016-09-30 133,960.00 20,906.00 32,786.00
2016-06-30 133,960.00 20,906.00 32,786.00
2016-03-31 132,619.00 20,975.00 28,471.00
2015-12-31 132,619.00 20,975.00 28,471.00
2015-09-30 129,822.00 15,922.00 32,418.00
2015-06-30 129,822.00 15,922.00 32,418.00
2015-03-31 135,053.00 12,640.00 32,193.00
2014-12-31 135,053.00 12,640.00 32,193.00
2014-09-30 140,569.00 663.00 32,841.00
2014-06-30 140,569.00 663.00 32,841.00
2014-03-31 142,010.00 5,655.00 38,711.00
2013-12-31 142,010.00 5,655.00 38,711.00
2013-09-30 132,013.00 6,889.00 40,934.00
2013-06-30 132,013.00 6,889.00 40,934.00
2013-03-31 125,827.00 8,115.00 41,476.00
2012-12-31 125,827.00 8,115.00 41,476.00
2012-09-30 117,987.00 18,437.00 41,912.00
2012-06-30 117,987.00 18,437.00 41,912.00
  • DYNAM JAPAN HOLDINGS's level of debt (2.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (3.9% vs 2.3% today).
  • Debt is well covered by operating cash flow (857.5%, greater than 20% of total debt).
  • DYNAM JAPAN HOLDINGS earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess DYNAM JAPAN HOLDINGS'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. DYNAM JAPAN HOLDINGS 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.

2DJ Dividends

 What is DYNAM JAPAN HOLDINGS'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
8.48%
Current annual income from DYNAM JAPAN HOLDINGS dividends.
If you bought €2,000 of DYNAM JAPAN HOLDINGS shares you are expected to receive €170 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?
  • DYNAM JAPAN HOLDINGS's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • DYNAM JAPAN HOLDINGS's dividend is above the markets top 25% of dividend payers in Germany (3.91%).
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:2DJ 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 Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
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 3.9%

Industry and Market average data is calculated daily.

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

DB:2DJ Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
DB:2DJ Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-23 12.000 8.395
2018-11-21 12.000 8.489
2018-05-23 12.000 8.424
2017-11-21 12.000 7.872
2017-05-25 12.000 6.600
2016-11-24 12.000 6.212
2016-05-30 12.000 7.840
2016-05-26 12.000 7.436
2015-11-26 14.000 9.297
2015-05-28 14.000 8.289
2014-11-27 14.000 5.843
2014-05-29 14.000 4.828
2013-05-29 14.500 5.709
2012-11-27 11.500 7.162

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

  • DYNAM JAPAN HOLDINGS has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but DYNAM JAPAN HOLDINGS only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of DYNAM JAPAN HOLDINGS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x 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 DYNAM JAPAN HOLDINGS'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 DYNAM JAPAN HOLDINGS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DYNAM JAPAN HOLDINGS 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.

2DJ Management

 What is the CEO of DYNAM JAPAN HOLDINGS'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
Kohei Sato
COMPENSATION ¥48,500,000
AGE 63
TENURE AS CEO 6.4 years
CEO Bio

Mr. Kohei Sato has been the Chief Executive Officer and President of DYNAM Japan Holdings Co., Ltd. since January 2013. Mr. Sato joined Dynam in June 1995 and is primarily responsible for overseeing the operation of pachinko halls and the overall management and development. He spent the majority of his career at Dynam and has held several senior management positions across Different departments in Dynam. Between 1995 and 2000, Mr. SATO headed the corporate planning Office and the sales department of Dynam. He served as the President of DYNAM Co., Ltd, a subsidiary of DYNAM Japan Holdings Co., Ltd. since June 2000. He has been Chairman of DYNAM Co.,Ltd. since May 22, 2015 and DYNAM Japan Holdings Co., Ltd. since June 24, 2015. He has approximately 17 years of experience in the pachinko industry. He served as a Representative Director of DYNAM Co.,Ltd. since June 2000. He serves as a Director of Shinrainomori Association. Mr. SATO graduated from Tokyo University of Agriculture and Technology in March 1980 with a bachelor's degree in engineering. He holds a Master's Degree in mechanical engineering from Tennessee Technological University in August 1982.

CEO Compensation
  • Kohei's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kohei's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the DYNAM JAPAN HOLDINGS management team in years:

6.6
Average Tenure
62
Average Age
  • The average tenure for the DYNAM JAPAN HOLDINGS management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kohei Sato

TITLE
Chairman
COMPENSATION
¥49M
AGE
63
TENURE
6.4 yrs

Yoji Sato

TITLE
Senior Corporate Advisor & Non-Executive Director
COMPENSATION
¥23M
AGE
73

Hisao Katsuta

TITLE
Executive Officer
AGE
66
TENURE
7.3 yrs

Makoto Sakamoto

TITLE
Executive Officer
AGE
61
TENURE
5.8 yrs

Yoshiyuki Mizutani

TITLE
Executive Officer
AGE
61
TENURE
6.6 yrs

Kimiharu Sato

TITLE
Executive Officer
AGE
43
TENURE
1.6 yrs

Seiji Obe

TITLE
Executive Officer
AGE
53
TENURE
2 yrs

Kanetaka Satoh

TITLE
President of Okuwa Japan and Representative Director of Okuwa Japan
AGE
65
TENURE
9 yrs

Masaaki Horiguchi

TITLE
President of Cabin Plaza and Representative Director of Cabin Plaza
AGE
52
TENURE
7.6 yrs

Kuniyuki Ishizuka

TITLE
President of Daikokuten and Representative Director of Daikokuten
AGE
67
TENURE
9.5 yrs
Board of Directors Tenure

Average tenure and age of the DYNAM JAPAN HOLDINGS board of directors in years:

9
Average Tenure
65.5
Average Age
  • The tenure for the DYNAM JAPAN HOLDINGS board of directors is about average.
Board of Directors

Kohei Sato

TITLE
Chairman
COMPENSATION
¥49M
AGE
63
TENURE
4 yrs

Yoji Sato

TITLE
Senior Corporate Advisor & Non-Executive Director
COMPENSATION
¥23M
AGE
73
TENURE
7.8 yrs

Kanetaka Satoh

TITLE
President of Okuwa Japan and Representative Director of Okuwa Japan
AGE
65
TENURE
9 yrs

Masaaki Horiguchi

TITLE
President of Cabin Plaza and Representative Director of Cabin Plaza
AGE
52
TENURE
7.6 yrs

Kuniyuki Ishizuka

TITLE
President of Daikokuten and Representative Director of Daikokuten
AGE
67
TENURE
9.5 yrs

Kenichi Asai

TITLE
President of Dynam Data and Representative Director of Dynam Data
AGE
72
TENURE
15.7 yrs

Mitsuyuki Seki

TITLE
President of Dynam Land and Representative Director of Dynam Land
AGE
67
TENURE
9 yrs

Shigeru Fukuma

TITLE
President of Dynam Advertisement and Representative Director of Dynam Advertisement
AGE
66
TENURE
8.9 yrs

Toshio Soga

TITLE
President of P Trading and Representative Director of P Trading
AGE
50
TENURE
8 yrs

Taro Oka

TITLE
President of Kanto Daido and Representative Director of Kanto Daido
AGE
57
TENURE
12.4 yrs
Who owns this company?
Recent Insider Trading
  • DYNAM JAPAN HOLDINGS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
04. Jun 19 Sell Yoji Sato Individual 31. May 19 31. May 19 -6,800,000 €1.23 €-8,383,346
16. Oct 18 Sell Yoji Sato Individual 15. Oct 18 15. Oct 18 -2,200,000 €1.06 €-2,335,050
16. Oct 18 Buy Yoji Sato Individual 11. Oct 18 11. Oct 18 2,200,000 €1.06 €2,342,171
05. Oct 18 Buy Yoji Sato Individual 03. Oct 18 03. Oct 18 13,100,000 €1.06 €13,937,802
05. Oct 18 Sell Yoji Sato Individual 05. Oct 18 05. Oct 18 -12,100,000 €1.07 €-12,893,725
02. Aug 18 Sell Yoji Sato Individual 02. Aug 18 02. Aug 18 -1,000,000 €1.17 €-1,171,445
06. Jul 18 Sell Yoji Sato Individual 06. Jul 18 06. Jul 18 -800,000 €1.13 €-903,426
X
Management checks
We assess DYNAM JAPAN HOLDINGS'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. DYNAM JAPAN HOLDINGS 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.

2DJ News

Simply Wall St News

2DJ Company Info

Description

DYNAM JAPAN HOLDINGS Co., Ltd., through its subsidiaries, operates and manages a chain of pachinko halls in Japan. The company also provides real estate and property management services; real estate development services; accounting and administration services; cleaning services for offices and pachinko halls; travel and insurance agency services; international freight forwarding services; and contracting services for construction works, property transactions, and management services. In addition, it is involved in developing and trading of pachinko machines; trading of LCD monitors; operating restaurants; selling coffee beans; manufacturing and selling household supplies; and supporting franchise chain. As of March 31, 2018, the company operated 450 pachinko halls. The company was founded in 1967 and is headquartered in Tokyo, Japan.

Details
Name: DYNAM JAPAN HOLDINGS Co., Ltd.
2DJ
Exchange: DB
Founded: 1967
HK$891,279,415
765,985,896
Website: http://www.dyjh.co.jp
Address: DYNAM JAPAN HOLDINGS Co., Ltd.
2-25-1-702 Nishi-Nippori,
Arakawa-ku,
Tokyo,
116-0013,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 6889 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 06. Aug 2012
OTCPK DJPH.F Ordinary Shares Pink Sheets LLC US USD 06. Aug 2012
DB 2DJ Ordinary Shares Deutsche Boerse AG DE EUR 06. Aug 2012
Number of employees
Current staff
Staff numbers
18,023
DYNAM JAPAN HOLDINGS employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:46
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/27
Last earnings filing: 2019/05/28
Last earnings reported: 2019/03/31
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.