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Fujimori Kogyo

DB:FJ3
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FJ3
DB
¥57B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

Fujimori Kogyo Co., Ltd. provides packaging materials, medical/pharmaceutical packaging materials, and materials for functional field in Japan. The last earnings update was 40 days ago. More info.


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FJ3 Share Price and Events
7 Day Returns
-1%
DB:FJ3
-2.4%
DE Chemicals
-1.8%
DE Market
1 Year Returns
-10.5%
DB:FJ3
-13.9%
DE Chemicals
-7.3%
DE Market
FJ3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fujimori Kogyo (FJ3) -1% 0% 6.4% -10.5% 16.2% 28.1%
DE Chemicals -2.4% -1% 8.5% -13.9% 13% -0.7%
DE Market -1.8% -0.3% 6.8% -7.3% 7.5% 6.9%
1 Year Return vs Industry and Market
  • FJ3 outperformed the Chemicals industry which returned -13.9% over the past year.
  • FJ3 underperformed the Market in Germany which returned -7.3% over the past year.
Price Volatility
FJ3
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Fujimori Kogyo's competitors could be found in our database.

FJ3 Value

 Is Fujimori Kogyo 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 Fujimori Kogyo 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 Fujimori Kogyo.

DB:FJ3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. 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:FJ3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.969 (1 + (1- 30.86%) (6.2%))
1.007
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% + (1.007 * 5.96%)
6.23%

Discounted Cash Flow Calculation for DB:FJ3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fujimori Kogyo 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:FJ3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.23%)
2019 7,865.87 Est @ 6.54% 7,404.70
2020 8,231.52 Est @ 4.65% 7,294.60
2021 8,505.01 Est @ 3.32% 7,095.08
2022 8,708.63 Est @ 2.39% 6,839.01
2023 8,860.53 Est @ 1.74% 6,550.34
2024 8,974.78 Est @ 1.29% 6,245.80
2025 9,061.92 Est @ 0.97% 5,936.71
2026 9,129.71 Est @ 0.75% 5,630.45
2027 9,183.77 Est @ 0.59% 5,331.73
2028 9,228.11 Est @ 0.48% 5,043.37
Present value of next 10 years cash flows ¥63,371.78
DB:FJ3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥9,228.11 × (1 + 0.23%) ÷ (6.23% – 0.23%)
¥154,151.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥154,151.06 ÷ (1 + 6.23%)10
¥84,246.95
DB:FJ3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥63,371.78 + ¥84,246.95
¥147,618.73
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥147,618.73 / 19.03
¥7756.23
DB:FJ3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:FJ3 represents 0.00796x of TSE:7917
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00796x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 7,756.23 x 0.00796
€61.74
Value per share (EUR) From above. €61.74
Current discount Discount to share price of €23.96
= -1 x (€23.96 - €61.74) / €61.74
61.2%

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

Current Discount
Amount off the current price Fujimori Kogyo is available for.
Intrinsic value
>50%
Share price is €23.96 vs Future cash flow value of €61.74
Current Discount Checks
For Fujimori Kogyo to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fujimori Kogyo's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fujimori Kogyo's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fujimori Kogyo's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fujimori Kogyo's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:FJ3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥261.45
TSE:7917 Share Price ** TSE (2019-03-25) in JPY ¥3010
Germany Chemicals Industry PE Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 15.54x
Germany Market PE Ratio Median Figure of 423 Publicly-Listed Companies 18.2x

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

** Primary Listing of Fujimori Kogyo.

DB:FJ3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7917 Share Price ÷ EPS (both in JPY)

= 3010 ÷ 261.45

11.51x

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

  • Fujimori Kogyo is good value based on earnings compared to the DE Chemicals industry average.
  • Fujimori Kogyo is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Fujimori Kogyo's expected growth come at a high price?
Raw Data
DB:FJ3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.51x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.2%per year
Germany Chemicals Industry PEG Ratio Median Figure of 14 Publicly-Listed Chemicals Companies 2.31x
Germany Market PEG Ratio Median Figure of 275 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Fujimori Kogyo, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fujimori Kogyo's assets?
Raw Data
DB:FJ3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥3,245.70
TSE:7917 Share Price * TSE (2019-03-25) in JPY ¥3010
Germany Chemicals Industry PB Ratio Median Figure of 20 Publicly-Listed Chemicals Companies 1.72x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.78x
DB:FJ3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7917 Share Price ÷ Book Value per Share (both in JPY)

= 3010 ÷ 3,245.70

0.93x

* Primary Listing of Fujimori Kogyo.

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

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

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

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

FJ3 Future Performance

 How is Fujimori Kogyo expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Fujimori Kogyo, future earnings growth has been estimated based on fundamentals.
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
13.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fujimori Kogyo expected to grow at an attractive rate?
  • Fujimori Kogyo's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Fujimori Kogyo's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Fujimori Kogyo's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:FJ3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:FJ3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.2%
Germany Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 5.5%
Germany Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 9.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*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:FJ3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:FJ3 Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:FJ3 Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 110,051 4,976
2018-09-30 107,576 10,506 4,870
2018-06-30 108,151 5,246
2018-03-31 108,205 12,463 5,352
2017-12-31 107,838 3,957
2017-09-30 105,997 10,124 3,668
2017-06-30 102,875 3,184
2017-03-31 98,421 8,408 2,720
2016-12-31 96,798 3,859
2016-09-30 95,487 9,773 4,283
2016-06-30 94,462 4,366
2016-03-31 95,541 8,585 4,921

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fujimori Kogyo's earnings are expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Fujimori Kogyo is high growth as no revenue estimate data is available.
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:FJ3 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 0 Analyst Estimates (S&P Global) See Below

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

DB:FJ3 Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:FJ3 Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 261.45
2018-09-30 255.88
2018-06-30 275.64
2018-03-31 281.21
2017-12-31 207.91
2017-09-30 192.73
2017-06-30 167.30
2017-03-31 142.92
2016-12-31 202.74
2016-09-30 224.63
2016-06-30 228.59
2016-03-31 257.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Fujimori Kogyo will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Fujimori Kogyo'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.
Fujimori Kogyo 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.

FJ3 Past Performance

  How has Fujimori Kogyo 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 Fujimori Kogyo's growth in the last year to its industry (Chemicals).
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.
  • Fujimori Kogyo's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Fujimori Kogyo's 1-year earnings growth exceeds its 5-year average (25.8% vs -4.1%)
  • Fujimori Kogyo's earnings growth has exceeded the DE Chemicals industry average in the past year (25.8% vs 6.1%).
Earnings and Revenue History
Fujimori Kogyo'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 Fujimori Kogyo Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:FJ3 Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 110,051.00 4,976.00 12,329.00 2,775.00
2018-09-30 107,576.00 4,870.00 12,108.00 2,775.00
2018-06-30 108,151.00 5,246.00 11,992.00 2,775.00
2018-03-31 108,205.00 5,352.00 11,906.00 2,775.00
2017-12-31 107,838.00 3,957.00 12,018.00 2,619.00
2017-09-30 105,997.00 3,668.00 11,771.00 2,619.00
2017-06-30 102,875.00 3,184.00 11,455.00 2,619.00
2017-03-31 98,421.00 2,720.00 11,265.00 2,619.00
2016-12-31 96,798.00 3,859.00 11,035.00 2,488.00
2016-09-30 95,487.00 4,283.00 10,664.00 2,488.00
2016-06-30 94,462.00 4,366.00 10,707.00 2,488.00
2016-03-31 95,541.00 4,921.00 10,531.00 2,488.00
2015-12-31 95,360.00 5,409.00 10,936.00 2,382.00
2015-09-30 95,794.00 5,269.00 10,927.00 2,382.00
2015-06-30 96,305.00 5,594.00 10,544.00 2,382.00
2015-03-31 95,002.00 5,455.00 10,225.00 2,382.00
2014-12-31 93,280.00 5,623.00 9,780.00 2,196.00
2014-09-30 89,952.00 5,532.00 9,335.00 2,196.00
2014-06-30 88,206.00 4,950.00 9,165.00 2,196.00
2014-03-31 87,450.00 4,966.00 8,890.00 2,196.00
2013-12-31 85,614.00 4,732.00 8,604.00 2,067.00
2013-09-30 86,309.00 4,660.00 8,655.00 2,067.00
2013-06-30 85,544.00 4,814.00 8,676.00 2,067.00
2013-03-31 84,728.00 4,462.00 8,930.00 2,067.00
2012-12-31 84,902.00 4,190.00 9,559.00 1,930.00
2012-09-30 83,265.00 3,578.00 9,354.00 1,930.00
2012-06-30 82,205.00 2,763.00 9,048.00 1,930.00
2012-03-31 82,571.00 2,828.00 8,662.00 1,930.00

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

FJ3 Health

 How is Fujimori Kogyo'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 Fujimori Kogyo's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fujimori Kogyo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fujimori Kogyo's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fujimori Kogyo'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 19.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fujimori Kogyo Company Filings, last reported 2 months ago.

DB:FJ3 Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 65,758.00 3,552.00 23,392.00
2018-09-30 64,046.00 3,516.00 23,674.00
2018-06-30 62,751.00 3,590.00 21,969.00
2018-03-31 62,386.00 4,391.00 24,446.00
2017-12-31 61,337.00 4,875.00 21,702.00
2017-09-30 59,743.00 4,904.00 20,149.00
2017-06-30 57,977.00 4,964.00 16,168.00
2017-03-31 56,897.00 5,519.00 17,200.00
2016-12-31 56,212.00 5,080.00 15,503.00
2016-09-30 56,679.00 4,712.00 15,301.00
2016-06-30 54,374.00 2,576.00 13,321.00
2016-03-31 53,880.00 1,633.00 12,847.00
2015-12-31 53,820.00 861.00 10,945.00
2015-09-30 53,426.00 932.00 8,274.00
2015-06-30 51,753.00 1,288.00 9,515.00
2015-03-31 50,773.00 1,359.00 11,153.00
2014-12-31 48,973.00 1,716.00 10,629.00
2014-09-30 47,382.00 1,788.00 9,114.00
2014-06-30 46,005.00 2,144.00 11,041.00
2014-03-31 45,462.00 2,214.00 10,574.00
2013-12-31 44,312.00 2,671.00 9,601.00
2013-09-30 43,229.00 2,642.00 7,047.00
2013-06-30 42,173.00 2,999.00 7,170.00
2013-03-31 40,813.00 2,999.00 8,365.00
2012-12-31 35,775.00 6,608.00 3,773.00
2012-09-30 34,520.00 7,452.00 3,853.00
2012-06-30 33,446.00 8,051.00 3,043.00
2012-03-31 32,514.00 9,880.00 4,454.00
  • Fujimori Kogyo's level of debt (5.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (6% vs 5.4% today).
  • Debt is well covered by operating cash flow (295.8%, greater than 20% of total debt).
  • Fujimori Kogyo earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Fujimori Kogyo'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. Fujimori Kogyo has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

FJ3 Dividends

 What is Fujimori Kogyo'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
2.19%
Current annual income from Fujimori Kogyo dividends.
If you bought €2,000 of Fujimori Kogyo shares you are expected to receive €44 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?
  • Fujimori Kogyo's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.52%).
  • Fujimori Kogyo's dividend is below the markets top 25% of dividend payers in Germany (3.9%).
Upcoming dividend payment

Purchase Fujimori Kogyo on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:FJ3 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 0 Analyst Estimates (S&P Global) See Below
Germany Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:FJ3 Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
DB:FJ3 Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-08 66.000 2.186
2018-11-14 66.000 2.220
2018-11-08 66.000 2.040
2018-06-20 66.000 1.858
2018-05-10 66.000 1.706
2018-02-13 66.000 1.785
2018-02-08 66.000 1.778
2017-11-14 66.000 1.681
2017-11-09 66.000 1.742
2017-06-20 66.000 1.822
2017-05-11 66.000 1.960
2017-02-10 66.000 2.081
2017-02-08 66.000 2.252
2016-11-11 66.000 2.282
2016-11-09 66.000 2.671
2016-06-17 66.000 2.966
2016-05-12 66.000 2.893
2016-02-12 66.000 2.602
2016-02-04 66.000 2.557
2015-11-12 66.000 2.160
2015-11-05 66.000 1.990
2015-06-18 66.000 1.962
2015-05-12 66.000 1.722
2015-02-13 56.000 1.514
2015-02-05 56.000 1.608
2014-11-13 56.000 1.694
2014-11-06 56.000 1.728
2014-08-08 56.000 1.769
2014-06-19 46.000 1.317
2014-05-09 56.000 1.784
2014-02-14 46.000 1.807
2014-02-06 46.000 1.960
2013-11-14 46.000 1.807
2013-11-07 46.000 1.654
2013-06-20 46.000 1.509
2013-05-09 46.000 1.521
2013-02-14 40.000 1.699
2013-02-07 40.000 1.873
2012-11-14 40.000 1.810
2012-11-07 40.000 2.080
2012-08-09 40.000 2.349
2012-06-21 40.000 2.650
2012-05-10 40.000 2.872
2012-02-14 26.000 1.978
2012-02-08 26.000 2.139
2011-11-11 26.000 2.328
2011-11-08 26.000 2.181
2011-08-04 26.000 2.037
2011-06-22 26.000 2.276
2011-05-12 26.000 2.353
2011-02-10 26.000 2.195
2011-02-08 26.000 1.962
2010-11-12 26.000 2.141
2010-11-09 26.000 2.455
2010-06-23 22.000 1.905
2010-05-13 22.000 1.823
2010-02-08 20.000 1.519
2009-11-10 20.000 1.612
2009-08-07 20.000 1.489
2009-06-24 20.000 1.679
2009-05-15 20.000 2.491
2009-03-26 10.000 1.887

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Fujimori Kogyo's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (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 Fujimori Kogyo's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Fujimori Kogyo afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fujimori Kogyo has a total score of 4/6, see the detailed checks below.


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

FJ3 Management

 What is the CEO of Fujimori Kogyo'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
Eishi Fuyama
AGE 64
TENURE AS CEO 5.4 years
CEO Bio

Eishi Fuyama serves as President of Fujimori Kogyo Co., Ltd since October 2013 and served as General Manager of Life Science Business Division since April 2009 respectively and served as its Senior Managing Director since June 2012 and also served as its General Manager of Life Science Business Headquarters since April 2009. Eishi Fuyama joined Fujimori Kogyo Co., Ltd. on April 1977. Eishi Fuyama served as Manager, Numata Business Office, Functional Materials Business Division of Fujimori Kogyo Co., Ltd since April 1998. Eishi Fuyama served as Manager, Research Laboratory since February 2003. Eishi Fuyama served Executive Officer of Research Laboratory since February 2003. Eishi Fuyama served as President and Representative Director, Matsuya Cellophane Corporation since June 2005. Eishi Fuyama served as Executive Officer and General Manager, Healthcare Supply Business Division, Fujimori Kogyo Co., Ltd. since June 2007. Eishi Fuyama served as General Manager, Life Science Business Division since April 2008. Eishi Fuyama has been Representative Director of Fujimori Kogyo Co., Ltd since October 2013.

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

Average tenure and age of the Fujimori Kogyo management team in years:

2.8
Average Tenure
59
Average Age
  • The tenure for the Fujimori Kogyo management team is about average.
Management Team

Eishi Fuyama

TITLE
President & Representative Director
AGE
64
TENURE
5.4 yrs

Akijiro Yoshino

TITLE
Managing Exec. Officer
AGE
67

Kimihiko Shiomi

TITLE
Managing Executive Officer & Director
AGE
59
TENURE
6.8 yrs

Hiroshi Saga

TITLE
Senior Executive Officer
AGE
59

Hidenao Aoki

TITLE
Executive Officer
TENURE
1.5 yrs

Tetsuro Oe

TITLE
Senior Executive Officer & Director
AGE
56
TENURE
2.8 yrs

Yasuharu Takada

TITLE
GM of Production Engineering Development Department & Executive Officer
TENURE
2.8 yrs

Hiroshi Komori

TITLE
Executive Officer
AGE
56

Atsushi Takematsu

TITLE
GM of Functional Containers Division - Head Office of Life Science Business & Executive Officer
TENURE
3.4 yrs

Michihiko Sato

TITLE
Executive Officer & GM of Adhesive Materials Solution Division
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the Fujimori Kogyo board of directors in years:

5.1
Average Tenure
64
Average Age
  • The tenure for the Fujimori Kogyo board of directors is about average.
Board of Directors

Akihiko Fujimori

TITLE
Chairman of the Board
AGE
74
TENURE
5.4 yrs

Eishi Fuyama

TITLE
President & Representative Director
AGE
64
TENURE
5.4 yrs

Nobuhiko Fujimori

TITLE
Vice Chairman
AGE
59
TENURE
4.8 yrs

Akijiro Yoshino

TITLE
Managing Exec. Officer
AGE
67
TENURE
10.8 yrs

Kimihiko Shiomi

TITLE
Managing Executive Officer & Director
AGE
59
TENURE
6.8 yrs

Hiroshi Saga

TITLE
Senior Executive Officer
AGE
59
TENURE
4.8 yrs

Tetsuro Oe

TITLE
Senior Executive Officer & Director
AGE
56
TENURE
1.8 yrs

Yukihiko Fujimori

TITLE
Director
AGE
69
TENURE
30.8 yrs

Eizo Kobayashi

TITLE
External Director
AGE
69
TENURE
2.8 yrs

Manabu Sakai

TITLE
Director
TENURE
0.8 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 Fujimori Kogyo'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. Fujimori Kogyo 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.

FJ3 News

Simply Wall St News

FJ3 Company Info

Description

Fujimori Kogyo Co., Ltd. provides packaging materials, medical/pharmaceutical packaging materials, and materials for functional field in Japan. The company offers optoelectronic products, such as MASTACK TFB, a protection film for optical applications. It also provides electronic products, including MASTACK PC, a heat-resistant protection film; FILMBYNA, a release film for pharmaceutical patches, double-sided tapes, optical and other adhesion applications, electronic substrates, etc.; CLEAN PACK used for transfer between processes and transport of semiconductors and precision devices; and META-SEAL FILM, an adhesive film. In addition, the company offers single-use bags for bio-pharmaceutical production processes and microbiological cultures, plant culture bags, packaging materials for pharmaceutical products and medical instruments, PP packaging materials, chemical solution bags, liquid sticks, sealant materials, film separators, and double-structure aerosol systems. Further, it provides high-hermetic containers, refillable self-standing pouches, collapsible liquid containers, plastic film-lined liquid containers, single-use culture products, liquid-pouch packaging materials, packaging materials for retort sterilization, pouches with a spout, drum liners, and large-sized liquid transport containers. The company offers its products under the ZACROS brand name. Fujimori Kogyo Co., Ltd. was founded in 1914 and is headquartered in Tokyo, Japan.

Details
Name: Fujimori Kogyo Co., Ltd.
FJ3
Exchange: DB
Founded: 1914
¥459,868,452
19,032,277
Website: http://www.zacros.co.jp
Address: Fujimori Kogyo Co., Ltd.
Shinjuku First West,
10th Floor,
Tokyo,
160-0023,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7917 Common Shares The Tokyo Stock Exchange JP JPY 03. Dec 1993
DB FJ3 Common Shares Deutsche Boerse AG DE EUR 03. Dec 1993
Number of employees
Current staff
Staff numbers
2,417
Fujimori Kogyo employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/25 21:24
End of day share price update: 2019/03/25 00:00
Last estimates confirmation: 2018/05/10
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.