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Japan Post Insurance

DB:4JP
Snowflake Description

Fair value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4JP
DB
¥1,048B
Market Cap
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Last updated 2019/05/20 22:29
Company description

Japan Post Insurance Co., Ltd. provides life insurance products and services in Japan. The last earnings update was 5 days ago. More info.

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  • Japan Post Insurance has significant price volatility in the past 3 months.
4JP Share Price and Events
7 Day Returns
-3.3%
DB:4JP
3%
DE Insurance
-0.2%
DE Market
1 Year Returns
-18%
DB:4JP
9%
DE Insurance
-10.3%
DE Market
4JP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Japan Post Insurance (4JP) -3.3% -11.6% -17.8% -18% -16.5% -
DE Insurance 3% -2.9% 7.5% 9% 42.4% 59.7%
DE Market -0.2% -2.4% 4% -10.3% 11.2% 10.8%
1 Year Return vs Industry and Market
  • 4JP underperformed the Insurance industry which returned 9% over the past year.
  • 4JP underperformed the Market in Germany which returned -10.3% over the past year.
Price Volatility
4JP
Industry
5yr Volatility vs Market

4JP Value

 Is Japan Post Insurance 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 Japan Post Insurance 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 Japan Post Insurance.

DB:4JP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= ¥3,659.30 * 4.7% 		¥170.92
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. ¥3,659.30
Discount Rate (Cost of Equity) See below 11.8%
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:4JP
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%) (336.19%)) 		1.946
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.946 * 5.96%) 		11.82%

Discounted Cash Flow Calculation for DB:4JP using Excess Returns Model Model

The calculations below outline how an intrinsic value for Japan Post Insurance 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:4JP Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.7% – 11.82%) * ¥3,659.30) 		¥-261.73
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ¥-261.73 / (11.82% - 0.23%) 		¥-2,257.23
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ¥3,659.30 + ¥-2,257.23 		¥1402.06
DB:4JP Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4JP represents 0.00802x of TSE:7181
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.00802x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (JPY) x Listing Adjustment Factor
= ¥ 1,402.06 x 0.00802 		€11.24
Value per share (EUR) From above. €11.24
Current discount Discount to share price of €16.00
= -1 x (€16.00 - €11.24) / €11.24 		-42.4%

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

  • The current share price of Japan Post Insurance 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 Japan Post Insurance's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Japan Post Insurance's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4JP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥200.86
TSE:7181 Share Price ** TSE (2019-05-20) in JPY ¥1996
Germany Insurance Industry PE Ratio Median Figure of 6 Publicly-Listed Insurance Companies 13.15x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.17x

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

** Primary Listing of Japan Post Insurance.

DB:4JP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7181 Share Price ÷ EPS (both in JPY)

= 1996 ÷ 200.86

 9.94x

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

  • Japan Post Insurance is good value based on earnings compared to the DE Insurance industry average.
  • Japan Post Insurance is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Japan Post Insurance's expected growth come at a high price?
Raw Data
DB:4JP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.94x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts		 -5.4%per year
Germany Insurance Industry PEG Ratio Median Figure of 5 Publicly-Listed Insurance Companies 3.17x
Germany Market PEG Ratio Median Figure of 273 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

DB:4JP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.94x ÷ -5.4%

 -1.83x

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

  • Japan Post Insurance earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Japan Post Insurance's assets?
Raw Data
DB:4JP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥3,559.70
TSE:7181 Share Price * TSE (2019-05-20) in JPY ¥1996
Germany Insurance Industry PB Ratio Median Figure of 6 Publicly-Listed Insurance Companies 1.04x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:4JP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7181 Share Price ÷ Book Value per Share (both in JPY)

= 1996 ÷ 3,559.70

 0.56x

* Primary Listing of Japan Post Insurance.

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

  • Japan Post Insurance is good value based on assets compared to the DE Insurance industry average.
Show me more potentially undervalued companies in the Insurance industry
X
Value checks
We assess Japan Post Insurance'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. Japan Post Insurance has a total score of 3/6, 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.

4JP Future Performance

 How is Japan Post Insurance expected to perform in the next 1 to 3 years based on estimates from 7 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
-5.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Japan Post Insurance expected to grow at an attractive rate?
  • Japan Post Insurance'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
  • Japan Post Insurance's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Japan Post Insurance's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4JP Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4JP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -5.4%
DB:4JP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 10.1%
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 13.1%
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:4JP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4JP Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 7,387,700 98,900 1
2022-03-31 7,376,400 97,419 1
2021-03-31 7,563,904 106,081 5
2020-03-31 7,589,272 104,493 5
DB:4JP Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 5,077,638 -2,691,710 120,480
2018-12-31 5,225,485 126,154
2018-09-30 5,314,749 -2,383,253 121,951
2018-06-30 5,378,692 114,413
2018-03-31 5,502,130 -2,398,486 104,487
2017-12-31 5,669,210 95,573
2017-09-30 5,747,069 -2,622,574 97,343
2017-06-30 6,081,441 93,316
2017-03-31 6,396,673 -2,090,939 88,596
2016-12-31 6,633,099 80,155
2016-09-30 6,814,135 -2,166,666 78,908
2016-06-30 6,822,458 81,402

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Japan Post Insurance's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Japan Post Insurance's revenue is expected to grow by 10.1% 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:4JP 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 7 Analyst Estimates (S&P Global) See Below

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

DB:4JP Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 163.00 163.00 163.00 1.00
2022-03-31 162.58 163.00 162.16 2.00
2021-03-31 179.73 216.70 156.00 10.00
2020-03-31 172.63 208.40 152.00 11.00
DB:4JP Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 200.86
2018-12-31 210.32
2018-09-30 203.32
2018-06-30 190.75
2018-03-31 174.21
2017-12-31 159.34
2017-09-30 162.30
2017-06-30 155.58
2017-03-31 147.71
2016-12-31 133.62
2016-09-30 131.53
2016-06-30 135.68

*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.
  • Japan Post Insurance is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Japan Post Insurance'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.
Japan Post Insurance has a total score of 1/6, 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.

4JP Past Performance

  How has Japan Post Insurance 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 Japan Post Insurance'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.
  • Japan Post Insurance's year on year earnings growth rate has been positive over the past 5 years.
  • Japan Post Insurance's 1-year earnings growth exceeds its 5-year average (15.3% vs 12.7%)
  • Japan Post Insurance's earnings growth has exceeded the DE Insurance industry average in the past year (15.3% vs 9.4%).
Earnings and Revenue History
Japan Post Insurance'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 Japan Post Insurance Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4JP 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 5,077,638.00 120,480.00 519,840.00
2018-12-31 5,225,485.00 126,154.00 520,789.00
2018-09-30 5,314,749.00 121,951.00 524,372.00
2018-06-30 5,378,692.00 114,413.00 527,648.00
2018-03-31 5,502,130.00 104,487.00 533,462.00
2017-12-31 5,669,210.00 95,573.00 545,653.00
2017-09-30 5,747,069.00 97,343.00 548,467.00
2017-06-30 6,081,441.00 93,316.00 556,672.00
2017-03-31 6,396,673.00 88,596.00 560,423.00
2016-12-31 6,633,099.00 80,155.00 559,319.00
2016-09-30 6,814,135.00 78,908.00 555,571.00
2016-06-30 6,822,458.00 81,402.00 545,320.00
2016-03-31 6,760,693.00 84,897.00 538,510.00
2015-12-31 6,858,206.00 80,633.00 524,200.00
2015-09-30 7,026,933.00 79,019.00 518,968.00
2015-06-30 7,200,026.50 78,849.50 513,396.50
2015-03-31 7,415,702.00 81,323.00 513,159.00
2014-03-31 7,447,116.00 62,802.00 514,007.00
2013-03-31 8,019,721.00 90,678.00 513,274.00

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

4JP Health

 How is Japan Post Insurance'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 Japan Post Insurance's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Japan Post Insurance is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Japan Post Insurance's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Japan Post Insurance'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 1.9x 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 Japan Post Insurance Company Filings, last reported 1 month ago.

DB:4JP Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,135,136.00 3,522,810.00 917,708.00
2018-12-31 1,890,575.00 3,642,632.00 4,144,263.00
2018-09-30 2,034,168.00 2,836,107.00 3,422,741.00
2018-06-30 2,039,261.00 2,525,600.00 3,106,905.00
2018-03-31 2,003,125.00 3,663,547.00 4,194,726.00
2017-12-31 2,205,497.00 3,298,463.00 3,674,779.00
2017-09-30 2,025,538.00 4,212,646.00 4,153,501.00
2017-06-30 1,935,100.00 4,117,422.00 4,314,573.00
2017-03-31 1,853,203.00 4,889,066.00 4,886,808.00
2016-12-31 1,875,970.00 4,092,918.00 3,506,723.00
2016-09-30 1,782,597.00 3,681,831.00 4,406,175.00
2016-06-30 1,745,203.00 3,700,030.00 4,237,017.00
2016-03-31 1,882,981.00 3,648,478.00 4,871,227.00
2015-12-31 1,971,423.00 4,156,408.00 4,371,170.00
2015-09-30 1,908,679.00 5,320,670.00 4,804,921.00
2015-06-30
2015-03-31 1,975,727.00 0.00 2,213,786.00
2014-03-31 1,538,136.00 3,703,176.00 1,670,837.00
2013-03-31 1,466,780.00 3,114,558.00 726,649.00
  • Japan Post Insurance's level of debt (165%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (239.9% vs 165% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 145.9x coverage).
X
Financial health checks
We assess Japan Post Insurance'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. Japan Post Insurance 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.

4JP Dividends

 What is Japan Post Insurance'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
3.41%
Current annual income from Japan Post Insurance dividends. Estimated to be 3.83% next year.
If you bought €2,000 of Japan Post Insurance shares you are expected to receive €68 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?
  • Japan Post Insurance's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.45%).
  • Japan Post Insurance's dividend is below the markets top 25% of dividend payers in Germany (3.81%).
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:4JP 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 7 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 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:4JP Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 80.00 2.00
2022-03-31 78.00 3.00
2021-03-31 77.00 10.00
2020-03-31 74.44 9.00
DB:4JP Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-05-15 68.000 3.389
2019-02-14 68.000 2.818
2018-11-26 68.000 2.625
2018-11-14 68.000 2.417
2018-08-10 68.000 2.618
2018-06-21 64.000 2.748
2018-05-15 64.000 2.580
2018-02-14 64.000 2.446
2017-06-23 58.000 2.318
2016-06-24 58.000 2.446
2016-05-13 58.000 2.511

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

  • Whilst dividend payments have been stable, Japan Post Insurance has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Japan Post Insurance only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Japan Post Insurance's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3x 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 Japan Post Insurance'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 Japan Post Insurance afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Japan Post Insurance 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.

4JP Management

 What is the CEO of Japan Post Insurance'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
Mitsuhiko Uehira
AGE 62
TENURE AS CEO 1.9 years
CEO Bio

Mr. Mitsuhiko Uehira has been the President, CEO, Representative Executive Officer and Director at Japan Post Insurance Co. Ltd. since June 2017. Mr. Uehira has been the Director of Japan Post Holdings Co., Ltd. since June 2017. He served as the Senior Managing Executive Officer at Japan Post Insurance Co. Ltd. since June 2015 and its Managing Executive Officer since April 2014. He served as the Managing Executive Officer and Senior General Manager of Sales Planning Department at Japan Post Insurance Co. Ltd. since July 2013. He served as the Managing Executive Officer at Japan Post Insurance Co., Ltd. since June 2013. Mr. Uehira joined The Tokio Marine & Fire Insurance Co., Ltd. since April 1979. He served as the Executive Officer and General Manager of Domestic Business Development Department of Tokio Marine Holdings, Inc. since June 2012. He Graduated from Faculty of Law at The University of Tokyo in March 1979.

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

Average tenure and age of the Japan Post Insurance management team in years:

2.4
Average Tenure
58.5
Average Age
  • The tenure for the Japan Post Insurance management team is about average.
Management Team

Mitsuhiko Uehira

TITLE
President
AGE
62
TENURE
1.9 yrs

Masaaki Horigane

TITLE
Deputy President
AGE
62
TENURE
4.9 yrs

Yoshito Horiie

TITLE
Senior Managing Executive Officer
AGE
59
TENURE
3.1 yrs

Tetsuya Senda

TITLE
Deputy President & Representative Executive Officer
AGE
58
TENURE
0.1 yrs

Tomoaki Nara

TITLE
Managing Executive Officer
AGE
57

Nobuyasu Kato

TITLE
Managing Executive Officer
AGE
53
TENURE
2.9 yrs

Yasuaki Hironaka

TITLE
Managing Executive Officer
AGE
55
TENURE
2.9 yrs

Yasumi Suzukawa

TITLE
Managing Executive Officer
AGE
59
TENURE
1.9 yrs

Toru Onishi

TITLE
Executive Officer & Senior GM of Kinki Regional Headquarters
AGE
52

Michiko Matsuda

TITLE
Managing Executive Officer
AGE
63
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Japan Post Insurance board of directors in years:

1.9
Average Tenure
63.5
Average Age
  • The average tenure for the Japan Post Insurance board of directors is less than 3 years, this suggests a new board.
Board of Directors

Masaaki Horigane

TITLE
Deputy President
AGE
62
TENURE
1.9 yrs

Yasuhiro Sadayuki

TITLE
Director
AGE
63
TENURE
1.9 yrs

Mitsuhiko Uehira

TITLE
President
AGE
62
TENURE
1.9 yrs

Masatsugu Nagato

TITLE
Director
AGE
70
TENURE
2.9 yrs

Masako Suzuki

TITLE
Outside Director
AGE
64
TENURE
2.9 yrs

Tamotsu Saito

TITLE
Outside Director
AGE
66
TENURE
1.9 yrs

Michiaki Ozaki

TITLE
Outside Director
AGE
66
TENURE
1.9 yrs

Meyumi Yamada

TITLE
Outside Director
AGE
46
TENURE
1.9 yrs

Yoshie Komuro

TITLE
Outside Director
AGE
43
TENURE
1.9 yrs

Shinji Hattori

TITLE
Outside Director
AGE
65
TENURE
4.9 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 Japan Post Insurance'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. Japan Post Insurance 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.

4JP News

Simply Wall St News

4JP Company Info

Description

Japan Post Insurance Co., Ltd. provides life insurance products and services in Japan. It offers agency or administrative services for other insurance companies, including foreign insurance companies and financial services companies, as well as loan guarantees. The company is also involved in the trading of government bonds and government-guaranteed bonds; accepting subscriptions for government bonds, corporate bonds, and other bonds; and commissioned management and other businesses. It offers products through agencies and direct managed sales offices to individual and corporate customers. The company was founded in 2006 and is headquartered in Tokyo, Japan. Japan Post Insurance Co., Ltd. is a subsidiary of Japan Post Holdings Co., Ltd.

Details
Name: Japan Post Insurance Co., Ltd.
4JP
Exchange: DB
Founded: 2006
¥8,529,153,332
524,986,400
Website: http://www.jp-life.japanpost.jp
Address: Japan Post Insurance Co., Ltd.
Otemachi Place West Tower 3-1,
Otemachi 2-chome,
Tokyo,
100-8794,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7181 Common Stock The Tokyo Stock Exchange JP JPY 04. Nov 2015
DB 4JP Common Stock Deutsche Boerse AG DE EUR 04. Nov 2015
Number of employees
Current staff
Staff numbers
8,480
Japan Post Insurance employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 22:29
End of day share price update: 2019/05/20 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.

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