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Sony Financial Holdings

DB:3SY
Snowflake Description

Adequate balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
3SY
DB
¥1,022B
Market Cap
  1. Home
  2. DE
  3. Insurance
Company description

Sony Financial Holdings Inc., together with its subsidiaries, provides financial services in Japan and internationally. The last earnings update was 6 days ago. More info.


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3SY Share Price and Events
7 Day Returns
4.2%
DB:3SY
3.5%
DE Insurance
0.3%
DE Market
1 Year Returns
18.2%
DB:3SY
7.7%
DE Insurance
-11.6%
DE Market
3SY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sony Financial Holdings (3SY) 4.2% 5% 12% 18.2% 80.2% 59.5%
DE Insurance 3.5% -4.1% 5.7% 7.7% 40.4% 56.6%
DE Market 0.3% -3.8% 2.5% -11.6% 10.1% 7.9%
1 Year Return vs Industry and Market
  • 3SY outperformed the Insurance industry which returned 7.7% over the past year.
  • 3SY outperformed the Market in Germany which returned -11.6% over the past year.
Price Volatility
3SY
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Sony Financial Holdings's competitors could be found in our database.

Value

 Is Sony Financial 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 Sony Financial 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 Sony Financial Holdings.

DB:3SY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= ¥1,665.17 * 8.4%
¥139.45
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. ¥1,665.17
Discount Rate (Cost of Equity) See below 5.5%
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:3SY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.725 (1 + (1- 30.86%) (21.91%))
0.89
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.89 * 5.96%)
5.53%

Discounted Cash Flow Calculation for DB:3SY using Excess Returns Model Model

The calculations below outline how an intrinsic value for Sony Financial Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:3SY Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.4% – 5.53%) * ¥1,665.17)
¥47.37
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥47.37 / (5.53% - 0.23%)
¥893.43
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥1,665.17 + ¥893.43
¥2558.6
DB:3SY Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:3SY represents 0.00804x of TSE:8729
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00804x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,558.60 x 0.00804
€20.56
Value per share (EUR) From above. €20.56
Current discount Discount to share price of €18.88
= -1 x (€18.88 - €20.56) / €20.56
8.2%

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

Current Discount
Amount off the current price Sony Financial Holdings is available for.
Intrinsic value
8%
Share price is €18.88 vs Future cash flow value of €20.56
Current Discount Checks
For Sony Financial Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sony Financial Holdings's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Sony Financial Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sony Financial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sony Financial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:3SY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥142.69
TSE:8729 Share Price ** TSE (2019-05-21) in JPY ¥2349
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.03x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 20.29x

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

** Primary Listing of Sony Financial Holdings.

DB:3SY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:8729 Share Price ÷ EPS (both in JPY)

= 2349 ÷ 142.69

16.46x

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

  • Sony Financial Holdings is overvalued based on earnings compared to the DE Insurance industry average.
  • Sony Financial Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sony Financial Holdings's expected growth come at a high price?
Raw Data
DB:3SY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
2.4%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.14x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:3SY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.46x ÷ 2.4%

6.91x

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

  • Sony Financial Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Sony Financial Holdings's assets?
Raw Data
DB:3SY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥1,505.54
TSE:8729 Share Price * TSE (2019-05-21) in JPY ¥2349
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.03x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.79x
DB:3SY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:8729 Share Price ÷ Book Value per Share (both in JPY)

= 2349 ÷ 1,505.54

1.56x

* Primary Listing of Sony Financial Holdings.

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

  • Sony Financial Holdings is overvalued based on assets compared to the DE Insurance industry average.
X
Value checks
We assess Sony Financial 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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Sony Financial 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 Sony Financial 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
2.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sony Financial Holdings expected to grow at an attractive rate?
  • Sony Financial Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sony Financial Holdings's earnings growth is positive but not above the Germany market average.
  • Sony Financial Holdings's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:3SY Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:3SY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 2.4%
DB:3SY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.1%
Germany Insurance Industry Earnings Growth Rate Market Cap Weighted Average 4.5%
Germany Insurance Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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:3SY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month 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:3SY Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 77,552
2023-03-31 1,937,100 64,395 1
2022-03-31 1,806,297 65,061 2
2021-03-31 1,673,873 61,227 4
2020-03-31 1,614,901 61,378 5
DB:3SY Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 1,601,791 802,921 62,074
2018-12-31 1,425,913 59,898
2018-09-30 1,622,977 847,949 62,069
2018-06-30 1,532,443 59,406
2018-03-31 1,489,524 819,721 51,895
2017-12-31 1,501,422 50,391
2017-09-30 1,429,219 821,358 38,098
2017-06-30 1,434,786 36,522
2017-03-31 1,356,563 692,445 41,621
2016-12-31 1,327,489 38,847
2016-09-30 1,324,187 697,216 49,325
2016-06-30 1,280,816 48,186

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sony Financial Holdings's earnings are expected to grow by 2.4% yearly, however this is not considered high growth (20% yearly).
  • Sony Financial Holdings's revenue is expected to grow by 5.1% 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:3SY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Sony Financial Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3SY Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31 178.00 178.00 178.00 1.00
2023-03-31 171.00 171.00 171.00 1.00
2022-03-31 164.40 165.70 163.10 2.00
2021-03-31 143.38 167.07 114.40 10.00
2020-03-31 144.36 150.50 131.00 4.00
DB:3SY Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 142.69
2018-12-31 137.69
2018-09-30 142.69
2018-06-30 136.57
2018-03-31 119.30
2017-12-31 115.85
2017-09-30 87.59
2017-06-30 83.97
2017-03-31 95.69
2016-12-31 89.31
2016-09-30 113.39
2016-06-30 110.77

*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.
  • Sony Financial Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Sony Financial 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.
Sony Financial 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 Sony Financial 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 Sony Financial Holdings's growth in the last year to its industry (Insurance).
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.
  • Sony Financial Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Sony Financial Holdings's 1-year earnings growth exceeds its 5-year average (19.6% vs 4.1%)
  • Sony Financial Holdings's earnings growth has exceeded the DE Insurance industry average in the past year (19.6% vs 9.4%).
Earnings and Revenue History
Sony Financial 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 Sony Financial Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:3SY 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 1,601,791.00 62,074.00 147,105.00
2018-12-31 1,425,913.00 59,898.00 143,836.00
2018-09-30 1,622,977.00 62,069.00 142,870.00
2018-06-30 1,532,443.00 59,406.00 141,734.00
2018-03-31 1,489,524.00 51,895.00 139,443.00
2017-12-31 1,501,422.00 50,391.00 137,967.00
2017-09-30 1,429,219.00 38,098.00 134,751.00
2017-06-30 1,434,786.00 36,522.00 136,186.00
2017-03-31 1,356,563.00 41,621.00 136,645.00
2016-12-31 1,327,489.00 38,847.00 137,143.00
2016-09-30 1,324,187.00 49,325.00 137,340.00
2016-06-30 1,280,816.00 48,186.00 135,999.00
2016-03-31 1,356,267.00 43,355.00 132,901.00
2015-12-31 1,355,072.00 42,121.00 127,212.00
2015-09-30 1,361,895.00 42,388.00 123,996.00
2015-06-30 1,391,809.00 52,691.00 118,290.00
2015-03-31 1,339,786.00 54,419.00 115,269.00
2014-12-31 1,285,426.00 55,689.00 113,390.00
2014-09-30 1,340,747.00 50,800.00 114,439.00
2014-06-30 1,301,389.00 45,419.00 112,976.00
2014-03-31 1,310,976.00 40,504.00 113,448.00
2013-12-31 1,430,439.00 47,620.00 114,133.00
2013-09-30 1,315,059.00 46,219.00 110,992.00
2013-06-30 1,310,894.00 45,098.00 110,675.00
2013-03-31 1,251,080.00 45,064.00 108,870.00
2012-12-31 1,175,352.00 42,903.00 107,713.00
2012-09-30 1,107,145.00 36,177.00 107,409.00
2012-06-30 1,067,180.00 31,542.00 106,420.00

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

Health

 How is Sony Financial 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 Sony Financial Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sony Financial Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sony Financial Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Sony Financial 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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3.2x 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 Sony Financial Holdings Company Filings, last reported 1 month ago.

DB:3SY Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 656,844.00 223,871.00 415,894.00
2018-12-31 637,986.00 203,901.00 383,254.00
2018-09-30 618,603.00 203,902.00 379,438.00
2018-06-30 615,073.00 194,013.00 395,115.00
2018-03-31 625,405.00 193,944.00 327,633.00
2017-12-31 621,874.00 173,744.00 427,383.00
2017-09-30 597,898.00 163,851.00 274,693.00
2017-06-30 591,201.00 160,000.00 270,901.00
2017-03-31 601,138.00 100,000.00 206,481.00
2016-12-31 597,926.00 100,000.00 290,943.00
2016-09-30 598,664.00 60,000.00 106,993.00
2016-06-30 610,149.00 60,000.00 105,664.00
2016-03-31 604,376.00 60,000.00 144,364.00
2015-12-31 573,539.00 60,000.00 108,920.00
2015-09-30 549,754.00 60,000.00 74,528.00
2015-06-30 538,691.00 40,000.00 104,711.00
2015-03-31 550,671.00 40,000.00 134,803.00
2014-12-31 550,015.00 40,000.00 151,155.00
2014-09-30 504,750.00 40,000.00 115,818.00
2014-06-30 482,594.00 40,000.00 129,695.00
2014-03-31 467,049.00 40,000.00 204,546.00
2013-12-31 456,890.00 40,000.00 174,388.00
2013-09-30 438,074.00 30,000.00 171,885.00
2013-06-30 411,226.00 30,000.00 191,659.00
2013-03-31 435,443.00 22,000.00 104,142.00
2012-12-31 385,967.00 12,000.00 96,231.00
2012-09-30 371,166.00 12,000.00 123,654.00
2012-06-30 356,814.00 12,224.00 100,378.00
  • Sony Financial Holdings's level of debt (34.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (8.6% vs 34.1% today).
  • Debt is well covered by operating cash flow (358.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 61.1x coverage).
X
Financial health checks
We assess Sony Financial 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. Sony Financial Holdings 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.

Dividends

 What is Sony Financial 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
2.66%
Current annual income from Sony Financial Holdings dividends. Estimated to be 2.87% next year.
If you bought €2,000 of Sony Financial Holdings shares you are expected to receive €53 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?
  • Sony Financial Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Sony Financial Holdings's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
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:3SY 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
Germany Insurance Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
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:3SY Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31 75.00 1.00
2023-03-31 72.50 2.00
2022-03-31 70.00 2.00
2021-03-31 67.70 10.00
2020-03-31 65.42 12.00
DB:3SY Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2018-06-26 62.500 2.807
2018-05-14 62.500 2.965
2017-06-26 55.000 2.870
2017-05-16 55.000 3.116
2016-06-24 55.000 3.473
2016-05-16 55.000 4.304
2015-06-29 55.000 2.905
2015-06-25 40.000 1.909
2015-05-15 55.000 2.558
2015-02-13 40.000 2.012
2014-11-14 40.000 2.306
2014-06-30 30.000 1.765
2014-05-20 40.000 2.308
2013-11-15 30.000 1.730
2013-06-28 25.000 1.449
2013-05-20 25.000 1.683
2012-08-13 20.000 1.410
2012-06-25 20.000 1.591
2012-05-18 20.000 1.704
2012-02-14 20.000 1.450
2011-11-14 20.000 1.644
2011-08-12 20.000 1.665
2011-05-20 20.000 1.409
2011-02-14 15.000 0.954
2010-06-28 15.000 1.011
2010-05-20 15.000 1.007

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

  • Whilst dividend payments have been stable, Sony Financial Holdings has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sony Financial Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Sony Financial Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x 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 Sony Financial 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 Sony Financial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sony Financial Holdings has a total score of 2/6, 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 Sony Financial 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
Shigeru Ishii
AGE 64
TENURE AS CEO 2.9 years
CEO Bio

Mr. Shigeru Ishii serves as Executive Vice President of Sony Corp. since June 2018. He serves as President at Sony Financial Holdings Inc., since June 2016 and Representative Director since June 2015. He serves as President and Representative Director of Sony Financial Ventures Inc. He serves as a Director of Sony Life Insurance Co., Ltd.; Sony Assurance Inc., and Sony Bank Inc. He entered Yamaichi Securities Co., Ltd., in April 1978 and Sony Corporation in June 1998. He served as President of Representative Director at Sony Bank Inc., since April 2001 and Director of Sony Financial Holdings Inc., since April 2004. He served as an Executive Vice President of Sony Financial Holdings Inc., since June 2015.

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

Average tenure of the Sony Financial Holdings management team in years:

2.9
Average Tenure
  • The tenure for the Sony Financial Holdings management team is about average.
Management Team

Shigeru Ishii

TITLE
President & Representative Director
AGE
64
TENURE
2.9 yrs

Hiroaki Kiyomiya

TITLE
MD & Director
AGE
56
TENURE
3.9 yrs

Toru Hasegawa

TITLE
Executive Officer
TENURE
2.8 yrs

Maki Ogawa

TITLE
Executive Officer
TENURE
2.8 yrs
Board of Directors Tenure

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

4.4
Average Tenure
61
Average Age
  • The tenure for the Sony Financial Holdings board of directors is about average.
Board of Directors

Hiroaki Kiyomiya

TITLE
MD & Director
AGE
56
TENURE
3.9 yrs

Isao Yamamoto

TITLE
Outside Director
AGE
61
TENURE
7.9 yrs

Shigeru Ishii

TITLE
President & Representative Director
AGE
64
TENURE
15.1 yrs

Shiro Kuniya

TITLE
Outside Director
AGE
61
TENURE
5.9 yrs

Yutaka Ito

TITLE
Director
AGE
63
TENURE
4.9 yrs

Atsuo Niwa

TITLE
Director
AGE
61
TENURE
5.9 yrs

Tomoo Hagimoto

TITLE
Director
AGE
62
TENURE
3.9 yrs

Shiro Kambe

TITLE
Director
AGE
57
TENURE
3.9 yrs

Yuichiro Sumimoto

TITLE
Director
AGE
60
TENURE
2.9 yrs

Takatoshi Ito

TITLE
Outside Director
AGE
68
TENURE
0.9 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 Sony Financial 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. Sony Financial 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

Sony Financial Holdings Inc., together with its subsidiaries, provides financial services in Japan and internationally. The company operates in life insurance, non-life insurance, and banking businesses. Its insurance products include death-protection, medical, educational endowment, living benefit, and other insurance products; and non-life insurance products comprise automobile, medical, and cancer insurance products, as well as reinsurance services. The company’s banking business provides Yen and foreign currency deposits, and mortgage loans, as well as investment trust, foreign currency margin trading, and other services; and credit card settlement services, as well as plans, develops, and operates nursing care homes. It provides its products through lifeplanner sales employees and independent agencies, as well as through Internet and telephone. The company was founded in 1979 and is headquartered in Tokyo, Japan. Sony Financial Holdings Inc. is a subsidiary of Sony Corporation.

Details
Name: Sony Financial Holdings Inc.
3SY
Exchange: DB
Founded: 1979
¥8,272,343,707
435,025,558
Website: http://www.sonyfh.co.jp
Address: Sony Financial Holdings Inc.
1-9-2, Otemachi,
Chiyoda-ku,
Tokyo,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 8729 Common Stock The Tokyo Stock Exchange JP JPY 11. Oct 2007
OTCPK SYFH.F Common Stock Pink Sheets LLC US USD 11. Oct 2007
DB 3SY Common Stock Deutsche Boerse AG DE EUR 11. Oct 2007
OTCPK SNYF.Y ADR Pink Sheets LLC US USD 13. Oct 2008
Number of employees
Current staff
Staff numbers
10,878
Sony Financial Holdings employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 21:27
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/05/15
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.