Loading...

Benesse Holdings

DB:BE8
Snowflake Description

Mediocre balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BE8
DB
¥247B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Benesse Holdings, Inc. engages in the education, language, lifestyles, senior and nursing care, and other related businesses. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
BE8 Share Price and Events
7 Day Returns
-0.2%
DB:BE8
1.5%
Europe Consumer Services
-3.6%
DE Market
1 Year Returns
-35.8%
DB:BE8
-20.8%
Europe Consumer Services
-11.8%
DE Market
BE8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Benesse Holdings (BE8) -0.2% 2.2% -8.1% -35.8% 5.3% -33.4%
Europe Consumer Services 1.5% 2.3% 0.9% -20.8% -45.1% -50%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • BE8 underperformed the Consumer Services industry which returned -20.8% over the past year.
  • BE8 underperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
BE8
Industry
5yr Volatility vs Market

Value

 Is Benesse 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 Benesse 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 Benesse Holdings.

DB:BE8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.2%
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:BE8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 30.86%) (47.95%))
1.005
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.005 * 5.96%)
6.22%

Discounted Cash Flow Calculation for DB:BE8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Benesse 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:BE8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.22%)
2019 7,946.50 Analyst x2 7,481.17
2020 9,148.67 Analyst x3 8,108.57
2021 16,350.00 Analyst x3 13,642.62
2022 12,033.33 Analyst x3 9,452.78
2023 13,500.00 Analyst x1 9,983.91
2024 14,930.00 Analyst x1 10,394.89
2025 14,735.17 Est @ -1.3% 9,658.48
2026 14,610.65 Est @ -0.85% 9,016.05
2027 14,534.21 Est @ -0.52% 8,443.68
2028 14,490.93 Est @ -0.3% 7,925.56
Present value of next 10 years cash flows ¥94,107.70
DB:BE8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥14,490.93 × (1 + 0.23%) ÷ (6.22% – 0.23%)
¥242,385.93
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥242,385.93 ÷ (1 + 6.22%)10
¥132,568.71
DB:BE8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥94,107.70 + ¥132,568.71
¥226,676.42
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥226,676.42 / 96.33
¥2353.2
DB:BE8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:BE8 represents 0.0081x of TSE:9783
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0081x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,353.20 x 0.0081
€19.05
Value per share (EUR) From above. €19.05
Current discount Discount to share price of €20.73
= -1 x (€20.73 - €19.05) / €19.05
-8.8%

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

  • The current share price of Benesse Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Benesse Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Benesse Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:BE8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥50.89
TSE:9783 Share Price ** TSE (2019-06-14) in JPY ¥2560
Europe Consumer Services Industry PE Ratio Median Figure of 10 Publicly-Listed Consumer Services Companies 18.34x
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 Benesse Holdings.

DB:BE8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:9783 Share Price ÷ EPS (both in JPY)

= 2560 ÷ 50.89

50.3x

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

  • Benesse Holdings is overvalued based on earnings compared to the Europe Consumer Services industry average.
  • Benesse Holdings is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Benesse Holdings's expected growth come at a high price?
Raw Data
DB:BE8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 50.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
18%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 7 Publicly-Listed Consumer Services Companies 1.24x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

DB:BE8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 50.3x ÷ 18%

2.79x

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

  • Benesse Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Benesse Holdings's assets?
Raw Data
DB:BE8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,759.46
TSE:9783 Share Price * TSE (2019-06-14) in JPY ¥2560
Europe Consumer Services Industry PB Ratio Median Figure of 18 Publicly-Listed Consumer Services Companies 1.85x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:BE8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9783 Share Price ÷ Book Value per Share (both in JPY)

= 2560 ÷ 1,759.46

1.45x

* Primary Listing of Benesse Holdings.

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

  • Benesse Holdings is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Benesse 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 Consumer 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 Consumer Services industry average (and greater than 0)? (1 check)
  5. Benesse Holdings 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.

Future Performance

 How is Benesse Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

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

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Benesse Holdings expected to grow at an attractive rate?
  • Benesse Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Benesse Holdings's earnings growth is expected to exceed the Germany market average.
  • Benesse Holdings's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:BE8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:BE8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 18%
DB:BE8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3.2%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
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:BE8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:BE8 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 512,567 37,215 15,433 3
2023-03-31 500,600 36,550 14,267 3
2022-03-31 493,520 35,692 14,900 5
2021-03-31 477,417 35,619 13,358 6
2020-03-31 458,633 33,270 9,982 6
DB:BE8 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 439,431 13,948 4,902
2018-12-31 431,535 15,644 -821
2018-09-30 427,669 19,354 9,227
2018-06-30 429,435 21,184 9,088
2018-03-31 434,497 26,449 12,397
2017-12-31 438,192 27,935 17,929
2017-09-30 439,147 32,306 6,641
2017-06-30 433,437 28,665 6,474
2017-03-31 430,064 25,237 3,557
2016-12-31 431,873 26,550 -10,562
2016-09-30 436,651 25,938 -10,267
2016-06-30 442,386 30,408 -10,757

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Benesse Holdings's earnings are expected to grow by 18% yearly, however this is not considered high growth (20% yearly).
  • Benesse Holdings's revenue is expected to grow by 3.2% 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:BE8 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 6 Analyst Estimates (S&P Global) See Below

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

DB:BE8 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 167.70 177.60 157.80 2.00
2023-03-31 154.15 160.90 147.40 2.00
2022-03-31 154.68 202.40 125.60 5.00
2021-03-31 138.68 166.10 118.30 6.00
2020-03-31 103.63 111.10 98.62 6.00
DB:BE8 Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 50.89
2018-12-31 -8.52
2018-09-30 95.81
2018-06-30 94.38
2018-03-31 128.78
2017-12-31 186.31
2017-09-30 69.03
2017-06-30 67.31
2017-03-31 36.98
2016-12-31 -109.81
2016-09-30 -106.74
2016-06-30 -111.83

*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.
  • Benesse Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Benesse 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 Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
Benesse Holdings has a total score of 2/6, 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.

Past Performance

  How has Benesse 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 Benesse Holdings's growth in the last year to its industry (Consumer 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.
  • Benesse Holdings's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Benesse Holdings's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Benesse Holdings's 1-year earnings growth is negative, it can't be compared to the Europe Consumer Services industry average.
Earnings and Revenue History
Benesse 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 Benesse Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:BE8 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 439,431.00 4,902.00 174,135.00
2018-12-31 431,535.00 -821.00 175,023.00
2018-09-30 427,669.00 9,227.00 174,449.00
2018-06-30 429,435.00 9,088.00 173,088.00
2018-03-31 434,497.00 12,397.00 171,877.00
2017-12-31 438,192.00 17,929.00 171,059.00
2017-09-30 439,147.00 6,641.00 170,025.00
2017-06-30 433,437.00 6,474.00 169,557.00
2017-03-31 430,064.00 3,557.00 171,016.00
2016-12-31 431,873.00 -10,562.00 172,070.00
2016-09-30 436,651.00 -10,267.00 173,752.00
2016-06-30 442,386.00 -10,757.00 177,296.00
2016-03-31 444,190.00 -8,211.00 177,977.00
2015-12-31 447,146.00 -6,572.00 186,424.00
2015-09-30 450,136.00 -3,440.00 180,914.00
2015-06-30 455,156.00 2,513.00 174,781.00
2015-03-31 463,264.00 -10,705.00 175,290.00
2014-12-31 467,532.00 3,065.00 172,388.00
2014-09-30 469,344.00 5,291.00 181,862.00
2014-06-30 468,903.00 3,659.00 187,662.00
2014-03-31 466,399.00 19,930.00 187,371.00
2013-12-31 460,984.00 20,337.00 186,390.00
2013-09-30 456,256.00 18,102.00 185,494.00
2013-06-30 451,531.00 18,700.00 184,110.00
2013-03-31 450,182.00 21,147.00 183,146.00
2012-12-31 445,496.00 20,312.00 182,925.00
2012-09-30 440,185.00 18,691.00 181,630.00
2012-06-30 433,142.00 17,084.00 180,120.00

*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.
  • Benesse Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Benesse Holdings used its assets less efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Benesse Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Benesse 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 Consumer 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.
Benesse Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

Health

 How is Benesse 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 Benesse Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Benesse Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Benesse Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Benesse 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 2.2x 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 Benesse Holdings Company Filings, last reported 2 months ago.

DB:BE8 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 175,099.00 118,252.00 144,147.00
2018-12-31 174,217.00 112,339.00 148,626.00
2018-09-30 174,303.00 110,162.00 159,604.00
2018-06-30 166,047.00 109,461.00 162,494.00
2018-03-31 175,121.00 108,976.00 157,805.00
2017-12-31 182,528.00 106,747.00 156,829.00
2017-09-30 175,156.00 106,621.00 151,011.00
2017-06-30 168,863.00 106,022.00 152,517.00
2017-03-31 175,165.00 103,692.00 143,843.00
2016-12-31 172,390.00 100,980.00 131,449.00
2016-09-30 174,316.00 98,166.00 136,707.00
2016-06-30 169,148.00 93,259.00 143,036.00
2016-03-31 179,265.00 92,098.00 136,393.00
2015-12-31 197,362.00 80,555.00 125,462.00
2015-09-30 198,728.00 78,807.00 131,714.00
2015-06-30 192,809.00 30,031.00 131,336.00
2015-03-31 197,892.00 73,919.00 128,854.00
2014-12-31 210,441.00 31,305.00 131,100.00
2014-09-30 207,738.00 31,315.00 149,279.00
2014-06-30 195,936.00 31,350.00 149,716.00
2014-03-31 215,109.00 59,183.00 131,005.00
2013-12-31 215,559.00 31,600.00 129,561.00
2013-09-30 213,434.00 31,510.00 146,916.00
2013-06-30 202,786.00 31,600.00 146,103.00
2013-03-31 207,477.00 50,893.00 129,955.00
2012-12-31 206,148.00 31,899.00 127,138.00
2012-09-30 204,809.00 31,922.00 142,551.00
2012-06-30 194,622.00 32,024.00 147,841.00
  • Benesse Holdings's level of debt (67.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (27.4% vs 67.5% today).
  • Debt is not well covered by operating cash flow (11.8%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.3x coverage).
X
Financial health checks
We assess Benesse 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. Benesse Holdings has a total score of 3/6, 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.

Dividends

 What is Benesse 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
1.95%
Current annual income from Benesse Holdings dividends. Estimated to be 2.21% next year.
If you bought €2,000 of Benesse Holdings shares you are expected to receive €39 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?
  • Benesse Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Benesse Holdings's dividend is below 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:BE8 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 6 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.3%
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:BE8 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 72.50 2.00
2023-03-31 66.00 2.00
2022-03-31 57.60 5.00
2021-03-31 53.50 6.00
2020-03-31 50.00 6.00
DB:BE8 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-10 50.000 1.949
2019-02-13 50.000 1.690
2018-11-13 50.000 1.677
2018-11-08 50.000 1.566
2018-08-07 50.000 1.509
2018-06-25 50.000 1.260
2018-05-10 50.000 1.227
2018-02-14 95.000 2.441
2018-02-09 95.000 2.485
2017-11-14 95.000 2.351
2017-11-06 95.000 2.323
2017-06-26 95.000 2.317
2017-05-09 95.000 2.324
2017-02-10 95.000 2.724
2017-02-03 95.000 2.929
2016-11-10 95.000 3.011
2016-10-31 95.000 3.282
2016-06-27 95.000 3.768
2016-05-11 95.000 3.885
2016-02-10 95.000 2.901
2016-02-05 95.000 2.809
2015-11-06 95.000 2.900
2015-10-30 95.000 2.925
2015-06-29 95.000 2.952
2015-05-01 95.000 2.976
2015-02-12 95.000 2.509
2015-02-06 95.000 2.668
2014-11-07 95.000 2.653
2014-10-31 95.000 2.732
2014-06-23 95.000 2.514
2014-04-30 95.000 2.264
2014-02-12 95.000 2.456
2014-02-07 95.000 2.477
2013-11-08 95.000 2.403
2013-10-31 95.000 2.568
2013-06-24 95.000 2.677
2013-05-01 95.000 2.567
2013-02-13 95.000 2.406
2013-02-08 95.000 2.555
2012-11-09 95.000 2.586
2012-10-31 95.000 2.636
2012-07-30 95.000 2.526
2012-06-25 95.000 2.613
2012-05-02 95.000 2.668
2012-02-13 95.000 2.455
2012-02-06 95.000 2.640
2011-11-10 95.000 2.643
2011-10-31 95.000 2.654
2011-07-29 95.000 2.861
2011-05-20 95.000 2.789
2011-02-14 95.000 2.724
2011-02-04 95.000 2.587
2010-11-12 95.000 2.515
2010-10-29 95.000 2.538
2010-07-30 95.000 2.459
2010-06-28 95.000 2.410
2010-04-30 95.000 2.310
2010-02-12 90.000 2.199
2010-02-05 90.000 2.258
2009-11-11 90.000 2.330
2009-10-15 90.000 2.279

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Benesse Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1x 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 Benesse 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 Benesse Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Benesse Holdings has a total score of 1/6, see the detailed checks below.


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

Management

 What is the CEO of Benesse 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
Tamotsu Adachi
AGE 65
TENURE AS CEO 2.7 years
CEO Bio

Mr. Tamotsu Adachi has been the Chief Executive Officer and President at Benesse Holdings, Inc. since October 2016. Mr. Adachi serves as the Senior Advisor to the Japan buyout advisory team at The Carlyle Group LP. He focuses on Japanese buyout opportunities within the corporate private equity segment. He has been widely involved in several transactions in which the firm's funds have invested. Previously, he served as the Managing Director, Co-Head of the Carlyle Japan Advisory Team, Co-Head of Carlyle Japan Buyout advising group and Chairman of the Japan Buyout Advisory Team at the firm. Mr. Adachi also serves as an Senior Advisor of Carlyle Investment Management L.L.C. Prior to joining Carlyle, he served from 1997 to 2003 at General Electric Capital Corporation in a variety of senior capacities, including President and Chief Executive Officer of Japan Auto Lease and Managing Director for New Business Development. From 1988 to 1997, he served in several senior positions at McKinsey & Company, including Partner and Senior Engagement Manager. At McKinsey, he gained extensive experience in new business development and organizational design and worked closely with clients in the electronics, multimedia, automobile and healthcare industries. From 1977 to 1987, Mr. Adachi served at Mitsubishi Corporation and worked closely with Mr. Inamori-san in the successful launch of DDI. He served as the Chairman of WILLCOM, Inc. and the Japan Private Equity Association from 2009 to 2011. He serves as a Representative Director of CSM Holdings Co., Ltd. He has been a Representative Director of Benesse Holdings, Inc. since June 2003. He was an Outside Director at Yamaha Motor Co. Ltd. since March 2013. He serves as a Board Member at Tsubaki Nakashima Co., Ltd. He served as a Director of WILLCOM, Inc., since August 2009; Chimney Co., Ltd. since March 2010 and Qualicaps Co., Ltd. He served as an Outside Director at KITO Corporation. He is a Vice Chairman of the Jan Private Equity Association. Mr. Adachi received his Masters in Management from MIT's Sloan School and a B.S. in Engineering at the University of Tokyo.

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

Tamotsu Adachi

TITLE
President
AGE
65
TENURE
2.7 yrs

Kazunari Matoba

TITLE
Chief Marketing Officer and Corporate Senior Vice President
AGE
46

Kimiko Kunimasa

TITLE
Chief Human Officer

Daisuke Okada

TITLE
Executive Director and Chief General Manager of Domestic Education Business Headquarters
AGE
58

Haruna Okada

TITLE
Corporate Executive VP & President of Global Kodomo Challenge Company

Kenji Nakajima

TITLE
Corporate Senior Vice President and President of Base Management Division

Masaaki Ito

TITLE
Corporate Senior Vice President and President of LTV Business Development Department

Eiji Aketa

TITLE
Chief Kiban Officer
AGE
63

Kenichi Arai

TITLE
Corporate Senior Vice President and President of Education Research Division

Yumi Narushima

TITLE
Corporate Senior Vice President and Group Marketing Support Manager
Board of Directors Tenure

Average tenure and age of the Benesse Holdings board of directors in years:

4
Average Tenure
61.5
Average Age
  • The tenure for the Benesse Holdings board of directors is about average.
Board of Directors

Shinjiro Iwata

TITLE
Chairman of the Board
AGE
70
TENURE
3 yrs

Tamotsu Adachi

TITLE
President
AGE
65
TENURE
16 yrs

Kenichi Fukuhara

TITLE
Vice Chairman of the Board
TENURE
2.7 yrs

Kimiko Kunimasa

TITLE
Chief Human Officer

Hitoshi Kobayashi

TITLE
Executive VP & Representative Director
AGE
58
TENURE
7 yrs

Shinya Takiyama

TITLE
Corporate Executive VP
AGE
47
TENURE
3 yrs

Masaki Yamasaki

TITLE
Corporate Executive VP
AGE
52
TENURE
2 yrs

Kiyoyuki Tsujimura

TITLE
Outside Independent Director
AGE
68
TENURE
5 yrs

Hideaki Fukutake

TITLE
Outside Director
AGE
41
TENURE
5 yrs

Ryuji Yasuda

TITLE
Outside Independent Director
AGE
72
TENURE
4 yrs
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 Benesse 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. Benesse 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.

News

Simply Wall St News

Company Info

Description

Benesse Holdings, Inc. engages in the education, language, lifestyles, senior and nursing care, and other related businesses. The company offers Shinkenzemi correspondence courses, Shinken simulated exams, student pocketbooks, magazines, and general publications; individual tuitions; and advertising services. It also operates schools and prep schools; creates university information magazines; plans, edits, produces, distributes, and sells study materials; sells learning aids; researches and develops cultural goods; supports overseas study; global leadership training; and introduction and temp staffing of nurses and human resources trained in nursing care, as well as produces, distributes, and sells software. In addition, the company is involved in the logistics and data processing of tests and teaching materials for schools; general trading and quality assurance related to educational equipment, toys, and other items; and rights management of music publications, as well as engages in the English school/international pre-school/English lesson activities for kindergarten and nursery school. Further, it provides career development and career educational support; senior citizen welfare; nursing-care business support and personnel services; and food delivery services for seniors. Additionally, the company rents, sells, and repairs simultaneous interpreting equipment; personnel service; and provides interpretation, translation, and language instruction services. It offers nursing care consulting; computer information processing, maintenance, and consulting work in the area of information system and security; insurance agency; office operational management, outsourcing, and support; and welfare services for challenged persons, as well as operates and manages hotels and campsites. The company was formerly known as Benesse Corporation and changed its name to Benesse Holdings, Inc. in 2009. Benesse Holdings, Inc. was founded in 1955 and is headquartered in Okayama, Japan.

Details
Name: Benesse Holdings, Inc.
BE8
Exchange: DB
Founded: 1955
¥2,027,519,839
96,326,959
Website: http://www.benesse-hd.co.jp/ja
Address: Benesse Holdings, Inc.
3-7-17 Minamigata,
Kita-ku,
Okayama,
Okayama, 700-0807,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9783 Common Stock The Tokyo Stock Exchange JP JPY 06. Nov 1995
DB BE8 Common Stock Deutsche Boerse AG DE EUR 06. Nov 1995
OTCPK BSEF.Y UNS ADR REP 1 SH Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
20,387
Benesse Holdings employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 20:58
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/05/10
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.