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Net One Systems

DB:NOX
Snowflake Description

Solid track record with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NOX
DB
¥246B
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Net One Systems Co., Ltd. provides information platform solutions and services in Japan. The last earnings update was 27 days ago. More info.


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NOX Share Price and Events
7 Day Returns
2%
DB:NOX
6.6%
DE IT
-0%
DE Market
1 Year Returns
65.9%
DB:NOX
15.4%
DE IT
-11.5%
DE Market
NOX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Net One Systems (NOX) 2% 12.5% 17.8% 65.9% 371.1% 320.8%
DE IT 6.6% 19.4% 28.5% 15.4% 170.9% 268.7%
DE Market -0% -3.3% 2.1% -11.5% 8.9% 8.1%
1 Year Return vs Industry and Market
  • NOX outperformed the IT industry which returned 15.4% over the past year.
  • NOX outperformed the Market in Germany which returned -11.5% over the past year.
Price Volatility
NOX
Industry
5yr Volatility vs Market

NOX Value

 Is Net One Systems 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 Net One Systems 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 Net One Systems.

DB:NOX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:NOX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.049 (1 + (1- 30.86%) (5.06%))
1.058
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.058 * 5.96%)
6.53%

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

The calculations below outline how an intrinsic value for Net One Systems 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:NOX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 6.53%)
2019 7,864.86 Analyst x7 7,382.67
2020 9,625.43 Analyst x7 8,481.37
2021 10,982.29 Analyst x7 9,083.67
2022 12,151.20 Analyst x5 9,434.32
2023 12,580.00 Analyst x2 9,168.43
2024 13,630.00 Analyst x2 9,324.66
2025 14,286.75 Est @ 4.82% 9,174.74
2026 14,778.40 Est @ 3.44% 8,908.62
2027 15,144.51 Est @ 2.48% 8,569.61
2028 15,417.49 Est @ 1.8% 8,189.22
Present value of next 10 years cash flows ¥87,717.31
DB:NOX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥15,417.49 × (1 + 0.23%) ÷ (6.53% – 0.23%)
¥245,152.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥245,152.60 ÷ (1 + 6.53%)10
¥130,216.26
DB:NOX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥87,717.31 + ¥130,216.26
¥217,933.57
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥217,933.57 / 84.67
¥2573.88
DB:NOX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:NOX represents 0.00805x of TSE:7518
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00805x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 2,573.88 x 0.00805
€20.72
Value per share (EUR) From above. €20.72
Current discount Discount to share price of €23.39
= -1 x (€23.39 - €20.72) / €20.72
-12.9%

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

  • The current share price of Net One Systems 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 Net One Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Net One Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:NOX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in JPY ¥105.28
TSE:7518 Share Price ** TSE (2019-05-22) in JPY ¥2906
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 26.17x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 20.26x

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

** Primary Listing of Net One Systems.

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

= TSE:7518 Share Price ÷ EPS (both in JPY)

= 2906 ÷ 105.28

27.6x

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

  • Net One Systems is overvalued based on earnings compared to the DE IT industry average.
  • Net One Systems is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Net One Systems's expected growth come at a high price?
Raw Data
DB:NOX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
12.2%per year
Germany IT Industry PEG Ratio Median Figure of 13 Publicly-Listed IT Companies 1.31x
Germany Market PEG Ratio Median Figure of 271 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.6x ÷ 12.2%

2.26x

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

  • Net One Systems is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Net One Systems's assets?
Raw Data
DB:NOX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in JPY ¥789.59
TSE:7518 Share Price * TSE (2019-05-22) in JPY ¥2906
Germany IT Industry PB Ratio Median Figure of 25 Publicly-Listed IT Companies 3.95x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.78x
DB:NOX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7518 Share Price ÷ Book Value per Share (both in JPY)

= 2906 ÷ 789.59

3.68x

* Primary Listing of Net One Systems.

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

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

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

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

NOX Future Performance

 How is Net One Systems expected to perform in the next 1 to 3 years based on estimates from 9 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
12.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Net One Systems expected to grow at an attractive rate?
  • Net One Systems's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Net One Systems's earnings growth is positive but not above the Germany market average.
  • Net One Systems's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:NOX Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:NOX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 12.2%
DB:NOX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 5.1%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 24.1%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 15.8%
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:NOX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:NOX Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 241,000 15,000 17,800 1
2023-03-31 229,000 14,000 16,100 1
2022-03-31 210,500 13,837 13,120 5
2021-03-31 195,500 13,342 11,284 9
2020-03-31 187,000 11,710 10,125 8
DB:NOX Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2019-03-31 181,935 6,682 8,913
2018-12-31 176,164 8,345
2018-09-30 171,009 1,384 7,422
2018-06-30 164,731 6,469
2018-03-31 161,107 11,569 5,682
2017-12-31 166,079 6,021
2017-09-30 161,393 6,356 5,264
2017-06-30 157,555 4,326
2017-03-31 157,236 259 3,822
2016-12-31 151,417 2,123
2016-09-30 148,800 1,701 1,729
2016-06-30 145,455 1,541

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Net One Systems's earnings are expected to grow by 12.2% yearly, however this is not considered high growth (20% yearly).
  • Net One Systems's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:NOX 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 9 Analyst Estimates (S&P Global) See Below

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

DB:NOX Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 159.89 185.16 129.90 6.00
2021-03-31 135.26 155.42 121.42 10.00
2020-03-31 120.86 132.74 113.40 9.00
DB:NOX Past Financials Data
Date (Data in JPY Millions) EPS *
2019-03-31 105.28
2018-12-31 98.59
2018-09-30 87.70
2018-06-30 76.45
2018-03-31 67.16
2017-12-31 71.17
2017-09-30 62.23
2017-06-30 51.15
2017-03-31 45.19
2016-12-31 25.11
2016-09-30 20.45
2016-06-30 18.23

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

NOX Past Performance

  How has Net One Systems 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 Net One Systems's growth in the last year to its industry (IT).
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.
  • Net One Systems has delivered over 20% year on year earnings growth in the past 5 years.
  • Net One Systems's 1-year earnings growth exceeds its 5-year average (56.9% vs 38.4%)
  • Net One Systems's earnings growth has exceeded the DE IT industry average in the past year (56.9% vs 15.5%).
Earnings and Revenue History
Net One Systems'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 Net One Systems Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:NOX Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 181,935.00 8,913.00 31,383.00
2018-12-31 176,164.00 8,345.00 29,553.00
2018-09-30 171,009.00 7,422.00 29,230.00
2018-06-30 164,731.00 6,469.00 28,666.00
2018-03-31 161,107.00 5,682.00 28,271.00
2017-12-31 166,079.00 6,021.00 28,664.00
2017-09-30 161,393.00 5,264.00 28,644.00
2017-06-30 157,555.00 4,326.00 28,505.00
2017-03-31 157,236.00 3,822.00 28,294.00
2016-12-31 151,417.00 2,123.00 27,477.00
2016-09-30 148,800.00 1,729.00 26,586.00
2016-06-30 145,455.00 1,541.00 26,138.00
2016-03-31 145,180.00 1,508.00 26,341.00
2015-12-31 143,505.00 1,470.00 26,578.00
2015-09-30 147,121.00 2,332.00 26,837.00
2015-06-30 146,655.00 3,080.00 26,322.00
2015-03-31 143,173.00 2,457.00 26,978.00
2014-12-31 139,353.00 2,537.00 25,920.00
2014-09-30 137,981.00 1,887.00 26,052.00
2014-06-30 138,728.00 890.00 27,208.00
2014-03-31 142,427.00 983.00 27,085.00
2013-12-31 141,201.00 558.00 27,227.00
2013-09-30 141,289.00 560.00 27,428.00
2013-06-30 150,026.00 2,136.00 27,254.00
2013-03-31 154,869.00 4,324.00 26,266.00
2012-12-31 154,273.00 5,601.00 26,436.00
2012-09-30 164,878.00 7,760.00 26,216.00
2012-06-30 159,090.00 8,328.00 25,911.00

*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.
  • Net One Systems has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Net One Systems used its assets more efficiently than the DE IT industry average last year based on Return on Assets.
  • Net One Systems has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Net One Systems'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 IT 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.
Net One Systems has a total score of 5/6, 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.

NOX Health

 How is Net One Systems'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 Net One Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Net One Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Net One Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Net One Systems'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 9.1x 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 Net One Systems Company Filings, last reported 1 month ago.

DB:NOX Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 66,856.00 12,442.00 25,304.00
2018-12-31 63,127.00 8,008.00 17,465.00
2018-09-30 62,752.00 7,241.00 18,053.00
2018-06-30 60,247.00 7,137.00 20,854.00
2018-03-31 60,362.00 7,306.00 23,952.00
2017-12-31 57,528.00 7,064.00 18,696.00
2017-09-30 57,838.00 6,991.00 21,569.00
2017-06-30 56,376.00 6,959.00 24,004.00
2017-03-31 57,327.00 6,993.00 17,235.00
2016-12-31 54,196.00 5,690.00 15,800.00
2016-09-30 54,285.00 5,520.00 19,994.00
2016-06-30 53,334.00 5,663.00 24,810.00
2016-03-31 55,534.00 5,802.00 22,166.00
2015-12-31 54,421.00 4,396.00 24,962.00
2015-09-30 55,685.00 4,573.00 24,189.00
2015-06-30 55,632.00 4,238.00 25,428.00
2015-03-31 57,112.00 4,660.00 21,373.00
2014-12-31 55,651.00 2,500.00 20,791.00
2014-09-30 56,093.00 2,289.00 21,988.00
2014-06-30 54,823.00 2,390.00 23,951.00
2014-03-31 57,262.00 2,081.00 21,183.00
2013-12-31 55,896.00 2,065.00 23,026.00
2013-09-30 58,994.00 2,591.00 23,951.00
2013-06-30 59,023.00 2,395.00 32,388.00
2013-03-31 61,385.00 1,835.00 29,579.00
2012-12-31 60,254.00 1,702.00 27,433.00
2012-09-30 61,318.00 1,789.00 35,894.00
2012-06-30 62,779.00 1,800.00 38,105.00
  • Net One Systems's level of debt (18.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.6% vs 18.6% today).
  • Debt is well covered by operating cash flow (53.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 265.6x coverage).
X
Financial health checks
We assess Net One Systems'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. Net One Systems has a total score of 5/6, 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.

NOX Dividends

 What is Net One Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.45%
Current annual income from Net One Systems dividends. Estimated to be 1.62% next year.
If you bought €2,000 of Net One Systems shares you are expected to receive €29 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?
  • Net One Systems's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Net One Systems's dividend is below the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:NOX 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 9 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 0.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:NOX Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 56.63 6.00
2021-03-31 44.60 9.00
2020-03-31 41.71 7.00
DB:NOX Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-04-25 42.000 1.465
2018-10-25 30.000 1.255
2018-06-15 30.000 1.338
2018-04-26 30.000 1.645
2018-02-08 30.000 1.922
2018-02-01 30.000 1.752
2017-11-08 30.000 1.819
2017-10-30 30.000 2.039
2017-06-16 30.000 2.623
2017-04-27 30.000 2.875
2017-02-10 30.000 3.329
2017-02-01 30.000 3.488
2016-11-11 30.000 3.984
2016-10-28 30.000 4.059
2016-06-17 30.000 4.455
2016-04-28 30.000 4.895
2016-02-12 30.000 5.046
2016-02-04 30.000 4.978
2015-11-12 30.000 4.144
2015-10-29 30.000 4.131
2015-06-17 30.000 3.989
2015-05-01 30.000 3.308
2015-02-06 30.000 3.662
2015-01-30 30.000 4.003
2014-11-13 30.000 4.321
2014-10-31 30.000 4.473
2014-06-18 30.000 4.538
2014-04-25 30.000 3.897
2014-02-14 34.000 4.882
2014-01-30 34.000 5.282
2013-10-25 34.000 5.229
2013-07-25 34.000 4.529
2013-04-25 34.000 4.187
2013-01-30 34.000 4.008
2012-10-25 34.000 4.041
2012-06-15 34.000 3.313
2012-04-26 34.000 3.176
2012-01-30 16.000 1.634
2011-10-27 16.000 1.578
2011-07-27 16.000 1.633
2011-06-17 16.000 2.014
2011-04-28 16.000 2.175
2011-02-14 11.000 1.760
2011-01-31 11.000 1.655
2010-11-12 11.000 1.832
2010-10-28 11.000 1.956
2010-07-29 11.000 2.120
2010-06-18 11.000 1.963
2010-04-30 11.000 1.845
2010-02-01 16.000 2.957
2009-10-29 16.000 2.989
2009-07-24 16.000 2.226
2009-06-25 16.000 1.920

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Net One Systems's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.2x 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 Net One Systems'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 Net One Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Net One Systems has a total score of 3/6, see the detailed checks below.


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

NOX Management

 What is the CEO of Net One Systems'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
Takayuki Yoshino
AGE 67
TENURE AS CEO 10.9 years
CEO Bio

Mr. Takayuki Yoshino has been Executive President of Net One Systems Co. Ltd since April 2011 and has been its Chairman since June 2018. Mr. Yoshino served as Chief Executive Officer of Net One Systems Co., Ltd. since June 2008. Mr. Yoshino has been Representative Director of Net One Systems Co., Ltd. since June 2008.

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

Average tenure and age of the Net One Systems management team in years:

2.1
Average Tenure
59
Average Age
  • The tenure for the Net One Systems management team is about average.
Management Team

Takayuki Yoshino

TITLE
Chairman & CEO
AGE
67
TENURE
10.9 yrs

Toru Arai

TITLE
President
AGE
60
TENURE
0.9 yrs

Norihisa Katayama

TITLE
Executive Director
AGE
63
TENURE
8.1 yrs

Fumihiko Shinoura

TITLE
Senior Vice President of Business Development Division
AGE
57
TENURE
1.1 yrs

Shinji Hirakawa

TITLE
Executive VP of East Japan Business Unit 1 & West Japan and Director
AGE
58
TENURE
2.1 yrs

Takafumi Takeshita

TITLE
Senior VP of East Japan Business Unit 2 & Central Japan Business Unit and Director
AGE
53
TENURE
0.9 yrs

Takahisa Kawaguchi

TITLE
Senior VP of Corporate Planning & Management Division and Director
AGE
65
TENURE
3.9 yrs

Takuya Tanaka

TITLE
Senior VP of Corporate Planning & Management Division and Director
AGE
49
Board of Directors Tenure

Average tenure and age of the Net One Systems board of directors in years:

8.1
Average Tenure
61.5
Average Age
  • The tenure for the Net One Systems board of directors is about average.
Board of Directors

Takayuki Yoshino

TITLE
Chairman & CEO
AGE
67
TENURE
0.9 yrs

Toru Arai

TITLE
President
AGE
60
TENURE
8.1 yrs

Norihisa Katayama

TITLE
Executive Director
AGE
63
TENURE
12.9 yrs

Shinji Hirakawa

TITLE
Executive VP of East Japan Business Unit 1 & West Japan and Director
AGE
58

Takafumi Takeshita

TITLE
Senior VP of East Japan Business Unit 2 & Central Japan Business Unit and Director
AGE
53

Takahisa Kawaguchi

TITLE
Senior VP of Corporate Planning & Management Division and Director
AGE
65
TENURE
3.9 yrs

Takuya Tanaka

TITLE
Senior VP of Corporate Planning & Management Division and Director
AGE
49

Kunio Kawakami

TITLE
External Director
AGE
75
TENURE
9.9 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 Net One Systems'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. Net One Systems 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.

NOX News

Simply Wall St News

NOX Company Info

Description

Net One Systems Co., Ltd. provides information platform solutions and services in Japan. It offers information and communications technology, and virtual desktop infrastructure solutions. The company also provides telecommunication networks, such as carrier Ethernet, IP/MPLS networks, mobile network infrastructure, and SDN/NFV for telecom operators. Net One Systems Co., Ltd. was founded in 1988 and is headquartered in Tokyo, Japan.

Details
Name: Net One Systems Co., Ltd.
NOX
Exchange: DB
Founded: 1988
¥1,999,522,838
84,671,304
Website: http://www.netone.co.jp
Address: Net One Systems Co., Ltd.
JP Tower,
24th Floor,
Tokyo,
100-7024,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7518 Common Shares The Tokyo Stock Exchange JP JPY 31. Oct 1996
DB NOX Common Shares Deutsche Boerse AG DE EUR 31. Oct 1996
Number of employees
Current staff
Staff numbers
2,317
Net One Systems employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 20:43
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/05/22
Last earnings filing: 2019/04/25
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.