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Toho

DB:TOH
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TOH
DB
¥764B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Toho Co., Ltd. engages in the motion picture, theatrical production, and real estate management. The last earnings update was 8 days ago. More info.


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TOH Share Price and Events
7 Day Returns
-3.4%
DB:TOH
0.7%
DE Entertainment
1.8%
DE Market
1 Year Returns
22.8%
DB:TOH
12.5%
DE Entertainment
-6%
DE Market
TOH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Toho (TOH) -3.4% 1.7% 1.2% 22.8% 45.2% 146%
DE Entertainment 0.7% 9.9% 13.9% 12.5% 35.7% 73.7%
DE Market 1.8% 4.2% 7.4% -6% 10.1% 15.4%
1 Year Return vs Industry and Market
  • TOH outperformed the Entertainment industry which returned 12.5% over the past year.
  • TOH outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
TOH
Industry
5yr Volatility vs Market
Related Companies

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

Value

 Is Toho 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 Toho 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 Toho.

DB:TOH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
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:TOH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 30.86%) (0.04%))
0.973
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.973 * 5.96%)
6.03%

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

The calculations below outline how an intrinsic value for Toho 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:TOH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.03%)
2019 29,726.50 Analyst x2 28,036.89
2020 40,826.50 Analyst x2 36,317.35
2021 39,410.67 Analyst x3 33,065.25
2022 40,917.67 Analyst x3 32,378.37
2023 41,668.00 Analyst x2 31,098.02
2024 43,411.00 Analyst x2 30,557.36
2025 44,342.23 Est @ 2.15% 29,438.77
2026 45,038.40 Est @ 1.57% 28,201.43
2027 45,564.18 Est @ 1.17% 26,909.01
2028 45,967.69 Est @ 0.89% 25,604.29
Present value of next 10 years cash flows ¥301,606.74
DB:TOH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥45,967.69 × (1 + 0.23%) ÷ (6.03% – 0.23%)
¥794,573.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥794,573.56 ÷ (1 + 6.03%)10
¥442,582.53
DB:TOH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥301,606.74 + ¥442,582.53
¥744,189.27
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥744,189.27 / 179.66
¥4142.19
DB:TOH Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TOH represents 0.00783x of TSE:9602
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00783x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 4,142.19 x 0.00783
€32.43
Value per share (EUR) From above. €32.43
Current discount Discount to share price of €33.27
= -1 x (€33.27 - €32.43) / €32.43
-2.6%

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

  • The current share price of Toho 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 Toho's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Toho's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TOH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in JPY ¥167.92
TSE:9602 Share Price ** TSE (2019-04-18) in JPY ¥4250
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 17.12x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.59x

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

** Primary Listing of Toho.

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

= TSE:9602 Share Price ÷ EPS (both in JPY)

= 4250 ÷ 167.92

25.31x

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

  • Toho is overvalued based on earnings compared to the DE Entertainment industry average.
  • Toho is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Toho's expected growth come at a high price?
Raw Data
DB:TOH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
6.5%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.73x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.31x ÷ 6.5%

3.89x

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

  • Toho is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Toho's assets?
Raw Data
DB:TOH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in JPY ¥1,974.84
TSE:9602 Share Price * TSE (2019-04-18) in JPY ¥4250
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.56x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.84x
DB:TOH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:9602 Share Price ÷ Book Value per Share (both in JPY)

= 4250 ÷ 1,974.84

2.15x

* Primary Listing of Toho.

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

  • Toho is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Toho'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 Entertainment 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 Entertainment industry average (and greater than 0)? (1 check)
  5. Toho has a total score of 0/6, 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 Toho expected to perform in the next 1 to 3 years based on estimates from 5 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
6.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Toho expected to grow at an attractive rate?
  • Toho's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Toho's earnings growth is positive but not above the Germany market average.
  • Toho's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TOH Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TOH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 6.5%
DB:TOH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 3.9%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:TOH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TOH Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-02-29 299,805 53,911 42,693 2
2023-02-28 291,458 52,168 40,967 2
2022-02-28 280,176 51,384 39,985 3
2021-02-28 271,005 49,308 37,796 4
2020-02-29 261,250 52,277 35,670 5
DB:TOH Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-02-28 246,274 37,603 30,197
2018-11-30 240,675 37,490 29,137
2018-08-31 236,355 35,102 27,527
2018-05-31 237,876 39,154 29,477
2018-02-28 242,668 43,427 33,553
2017-11-30 245,872 47,700 33,329
2017-08-31 257,862 60,466 39,542
2017-05-31 246,753 54,051 36,707
2017-02-28 233,548 41,803 33,252
2016-11-30 232,523 43,424 33,130
2016-08-31 220,549 33,811 26,624
2016-05-31 229,978 40,065 27,118

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Toho's earnings are expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
  • Toho's revenue is expected to grow by 3.9% 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:TOH 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 5 Analyst Estimates (S&P Global) See Below

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

DB:TOH Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-02-29 237.50 239.30 235.70 2.00
2023-02-28 227.90 234.30 221.50 2.00
2022-02-28 222.47 232.10 208.20 3.00
2021-02-28 210.25 226.00 198.90 4.00
2020-02-29 198.46 224.30 171.40 5.00
DB:TOH Past Financials Data
Date (Data in JPY Millions) EPS *
2019-02-28 167.92
2018-11-30 161.94
2018-08-31 152.87
2018-05-31 163.56
2018-02-28 185.95
2017-11-30 184.48
2017-08-31 218.50
2017-05-31 202.28
2017-02-28 182.71
2016-11-30 181.34
2016-08-31 145.19
2016-05-31 147.46

*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.
  • Toho is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Toho'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.
Toho 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.

Past Performance

  How has Toho 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 Toho's growth in the last year to its industry (Entertainment).
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.
  • Toho's year on year earnings growth rate has been positive over the past 5 years.
  • Toho's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Toho's 1-year earnings growth is negative, it can't be compared to the DE Entertainment industry average.
Earnings and Revenue History
Toho'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 Toho Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TOH Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 246,274.00 30,197.00 55,602.00
2018-11-30 240,675.00 29,137.00 53,503.00
2018-08-31 236,355.00 27,527.00 53,723.00
2018-05-31 237,876.00 29,477.00 53,813.00
2018-02-28 242,668.00 33,553.00 55,074.00
2017-11-30 245,872.00 33,329.00 56,828.00
2017-08-31 257,862.00 39,542.00 56,974.00
2017-05-31 246,753.00 36,707.00 55,220.00
2017-02-28 233,548.00 33,252.00 51,720.00
2016-11-30 232,523.00 33,130.00 51,099.00
2016-08-31 220,549.00 26,624.00 49,876.00
2016-05-31 229,978.00 27,118.00 50,981.00
2016-02-29 229,432.00 25,847.00 51,635.00
2015-11-30 229,618.00 26,300.00 51,134.00
2015-08-31 222,568.00 24,352.00 50,194.00
2015-05-31 207,154.00 21,391.00 47,696.00
2015-02-28 206,900.00 22,479.00 47,626.00
2014-11-30 205,064.00 23,725.00 47,075.00
2014-08-31 206,988.00 22,628.00 48,431.00
2014-05-31 207,531.00 21,766.00 49,879.00
2014-02-28 197,624.00 17,697.00 48,141.00
2013-11-30 193,555.00 15,029.00 48,674.00
2013-08-31 195,613.00 15,865.00 47,968.00
2013-05-31 196,875.00 16,269.00 47,419.00
2013-02-28 202,274.00 16,713.00 49,639.00
2012-11-30 198,884.00 17,030.00 49,061.00
2012-08-31 192,611.00 15,951.00 50,639.00
2012-05-31 186,912.00 13,852.00 50,469.00

*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.
  • Toho has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Toho used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Toho's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Toho'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 Entertainment 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.
Toho has a total score of 2/6, see the detailed checks below.

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

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

Health

 How is Toho'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 Toho's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Toho is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Toho's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Toho'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 595.4x 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 Toho Company Filings, last reported 1 month ago.

DB:TOH Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 365,902.00 306.00 60,449.00
2018-11-30 364,107.00 297.00 53,773.00
2018-08-31 362,893.00 310.00 48,753.00
2018-05-31 352,986.00 319.00 44,913.00
2018-02-28 349,931.00 324.00 44,505.00
2017-11-30 345,287.00 317.00 52,139.00
2017-08-31 338,192.00 313.00 49,503.00
2017-05-31 324,996.00 312.00 63,920.00
2017-02-28 320,441.00 327.00 37,508.00
2016-11-30 314,262.00 314.00 26,821.00
2016-08-31 303,163.00 305.00 27,206.00
2016-05-31 298,384.00 301.00 28,590.00
2016-02-29 294,432.00 316.00 20,726.00
2015-11-30 296,307.00 293.00 12,185.00
2015-08-31 293,034.00 283.00 15,562.00
2015-05-31 288,747.00 273.00 16,602.00
2015-02-28 281,620.00 322.00 14,994.00
2014-11-30 273,519.00 279.00 13,757.00
2014-08-31 270,457.00 262.00 14,837.00
2014-05-31 264,444.00 249.00 13,894.00
2014-02-28 260,670.00 377.00 17,622.00
2013-11-30 260,507.00 259.00 18,946.00
2013-08-31 253,807.00 259.00 19,793.00
2013-05-31 256,825.00 10,248.00 17,580.00
2013-02-28 251,266.00 10,579.00 18,000.00
2012-11-30 244,167.00 10,250.00 17,823.00
2012-08-31 242,339.00 10,241.00 17,495.00
2012-05-31 237,273.00 10,235.00 18,110.00
  • Toho's level of debt (0.1%) 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 (0.1% vs 0.1% today).
  • Debt is well covered by operating cash flow (12288.6%, greater than 20% of total debt).
  • Toho earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Toho'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. Toho 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.

Dividends

 What is Toho'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
0.82%
Current annual income from Toho dividends. Estimated to be 1.14% next year.
If you bought €2,000 of Toho shares you are expected to receive €16 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?
  • Toho's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Toho's dividend is below the markets top 25% of dividend payers in Germany (3.72%).
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:TOH 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 5 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:TOH Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-02-29 59.00 2.00
2023-02-28 56.00 2.00
2022-02-28 46.67 3.00
2021-02-28 45.00 4.00
2020-02-29 45.00 5.00
DB:TOH Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-12 35.000 0.811
2019-01-15 35.000 0.850
2018-10-12 35.000 0.932
2018-05-30 35.000 1.002
2018-04-13 35.000 0.931
2018-01-15 25.000 0.707
2017-10-16 25.000 0.657
2017-05-25 45.000 1.210
2017-04-14 45.000 1.397
2017-01-16 25.000 0.794
2016-10-17 30.000 0.934
2016-05-26 25.000 0.835
2016-04-14 25.000 0.866
2016-01-13 25.000 0.861
2016-01-12 30.000 0.955
2015-10-14 25.000 0.775
2015-10-13 25.000 0.847
2015-05-28 25.000 0.854
2015-04-14 25.000 0.788
2015-01-14 25.000 0.884
2015-01-13 25.000 0.942
2014-10-15 20.000 0.774
2014-10-14 20.000 0.848
2014-05-22 20.000 0.834
2014-04-14 20.000 1.011
2014-01-14 10.000 0.486
2014-01-10 20.000 0.889
2013-10-15 20.000 0.922
2013-07-10 20.000 0.971
2013-05-23 20.000 1.038
2013-04-15 20.000 0.918
2013-01-08 20.000 1.102
2012-10-15 20.000 1.437
2012-10-11 20.000 1.465
2012-05-24 10.000 0.738
2012-04-16 10.000 0.725
2012-01-13 20.000 1.417
2012-01-10 20.000 1.497
2011-10-14 20.000 1.494
2011-10-11 20.000 1.491
2011-07-11 20.000 1.505
2011-05-26 20.000 1.538
2011-04-15 20.000 1.646
2011-01-14 20.000 1.586
2011-01-11 20.000 1.488
2010-10-15 20.000 1.559
2010-10-12 20.000 1.573
2010-07-12 20.000 1.426
2010-05-27 20.000 1.373
2010-04-19 20.000 1.304
2010-01-14 20.000 1.342
2009-10-15 10.000 0.705
2009-04-24 20.000 1.353
2009-04-21 20.000 1.476

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

  • Toho is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Toho is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Toho's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Toho's dividends as it is not paying a notable one for Germany.
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 Toho'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 Toho afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Toho has a total score of 0/6, 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 Toho'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
Yoshishige Shimatani
AGE 66
TENURE AS CEO 7.9 years
CEO Bio

Mr. Yoshishige Shimatani has been Executive Managing Director of Fuji Media Holdings, Inc. since July 3, 2017. Mr. Shimatani has been the President and General Manager of Film Division at Toho Co., Ltd. since May 2011. Mr. Shimatani served as Senior Managing Director of Toho Co., Ltd. since May 2007. He joined Toho Co., Ltd. in April 1975. He has been In charge, Movie Adjustment, Image Headquarters of Toho Co., Ltd., since May 2002. He served as In charge, Image Production, Image Headquarters of Toho Co., Ltd. since April 2006. He served as In-charge, Film Planning, Film Division since October 2010. He served as General Manager, Movie Adjustment Division of Image Headquarters, Toho Co., Ltd. since April 1999. He has been a Director of Fuji Media Holdings, Inc. since July 3, 2017. He has been a Part-Time Director at Hankyu Hanshin Holdings, Inc. since 2015. He has been a Representative Director of Toho Co., Ltd. since May 2011. He serves as a Director of TOHO-TOWA Company Limited. He served as a Director of Toho Co., Ltd. May 2001 and its Executive Director since May 2005. He served as Senior Director of Toho Co. Ltd., since May 2001.

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

Yoshishige Shimatani

TITLE
President
AGE
66
TENURE
7.9 yrs

Toshiyuki Urai

TITLE
MD, Head of Accounting & Finance
AGE
61

Hiroshi Birou

TITLE
Deputy of Human Resources & Director
AGE
53

Satoshi Chida

TITLE
VP, GM of Film Division
AGE
69

Makoto Yamashita

TITLE
Head of Real Estate Management & Director
AGE
62

Minami Ichikawa

TITLE
Managing Director
AGE
52

Yasushi Ishizuka

TITLE
Head of Personnel
AGE
63

Nobuyuki Tako

TITLE
Senior MD
AGE
53

Atsuo Ikeda

TITLE
Head of Theater & Director
AGE
58

Keiji Ota

TITLE
Head of Film Business & Film Division
AGE
53
Board of Directors Tenure

Average tenure and age of the Toho board of directors in years:

7.9
Average Tenure
59.5
Average Age
  • The tenure for the Toho board of directors is about average.
Board of Directors

Yoshishige Shimatani

TITLE
President
AGE
66
TENURE
7.9 yrs

Toshiyuki Urai

TITLE
MD, Head of Accounting & Finance
AGE
61

Hiroshi Birou

TITLE
Deputy of Human Resources & Director
AGE
53

Satoshi Chida

TITLE
VP, GM of Film Division
AGE
69
TENURE
7.9 yrs

Makoto Yamashita

TITLE
Head of Real Estate Management & Director
AGE
62
TENURE
9.9 yrs

Yasushi Ishizuka

TITLE
Head of Personnel
AGE
63
TENURE
10.9 yrs

Nobuyuki Tako

TITLE
Senior MD
AGE
53
TENURE
10.9 yrs

Atsuo Ikeda

TITLE
Head of Theater & Director
AGE
58
TENURE
5.9 yrs

Keiji Ota

TITLE
Head of Film Business & Film Division
AGE
53
TENURE
5.9 yrs

Takayuki Ikeda

TITLE
Head of Advertising & Film Division and Director
AGE
55
TENURE
3.9 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 Toho'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. Toho 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

Toho Co., Ltd. engages in the motion picture, theatrical production, and real estate management. businesses in Japan. It is involved in the production, buying/selling, and renting of movies; and production and selling of television programs, movie pamphlets, and video software. The company also engages in the planning, production, and performance of stage productions; and leasing of land/buildings, and others. Toho Co., Ltd. was founded in 1932 and is based in Tokyo, Japan.

Details
Name: Toho Co., Ltd.
TOH
Exchange: DB
Founded: 1932
¥6,065,899,113
179,660,789
Website: http://www.toho.co.jp
Address: Toho Co., Ltd.
Yurakucho 1-2-2,
Chiyoda-ku,
Tokyo,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 9602 Common Stock The Tokyo Stock Exchange JP JPY 06. Jan 1992
OTCPK TKCO.F Common Stock Pink Sheets LLC US USD 06. Jan 1992
DB TOH Common Stock Deutsche Boerse AG DE EUR 06. Jan 1992
Number of employees
Current staff
Staff numbers
3,207
Toho employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 20:54
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/19
Last earnings filing: 2019/04/12
Last earnings reported: 2019/02/28
Last annual earnings reported: 2019/02/28


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.